Bitcoin logic 101: Reality: 5,000 BTC sold at market, tanking the price by $15. What a Bitcoiner sees:...
I might be dumbing this a bit too much down for myself, but I am just happy somebody wants to buy a huge amount of coins around the current price...
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meh, you are helpless. unable to even respond on the subject, always diverging to some stupid ad hominem attacks, making you feel smarter when the only fucked up mind is see here i you. trolling nonstop on a forum. get a life.
anyway, you wanted it now you have it: IGNORE.
No more time for debate. Too late for idle chatter. Those who still have ears to hear, hear this!
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 So tell me again how this auction is going to bolster prices |
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^Relax for now, hdbuck. Save your strength, dig a shelter, stock up on potable water.  |
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The wall, she held!   |
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... Mates you wonder if the auction is real..  A rare glimpse into the mind of hdbuck. Good morning, gentlemen. |
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I wish anonymous would step in and put in all their efforts combined to one way or another sabotage the auction and take hold of the bitcoin
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~XXpeachXXpizza276  |
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...
Why does it have to get a lot worse? There has been a nearly one year long bear market already. The price is barely a third of the previous high even now... "This, indeed, is despair."--Soren Kierkegaard *Seriously tho, you'll be just fine... |
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If the purchase is made off-exchange, how exactly would this auction directly affect the market? It's not like the buyer is going to turn around immediately and dump the coins he just bought.
Why not? The last auction's leaked list of potential bidders included people like Fred Ehrsam, co-founder, Coinbase. As coinbase has run out of bitcoins in the past he would be likely to want the silkroad bitcoins as a contingency backup in case the same thing happens again. http://www.coindesk.com/list-possible-silk-road-bitcoin-bidders-allegedly-leaked-us-marshals/The leaked list is not a list of bidders, but "... a list of some of the individuals who have asked a question or questions about the pending bitcoin auction." Not that it matters much--as I understand it, there's no fee to bid, merely a security deposit. In other words, the bidders risk nothing--no reason not to place a low bid on the off-chance of winning. I'm not suggesting that it is metaphysically impossible for the winning bids to be above market price, simply that, in my opinion, it's improbable. This shouldn't preclude your making your own conclusions  |
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<spergings>
 You'll be OK, fake fonzie. Just hold on tight to your BTCeanie BTCabies Bitcoinz  |
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If the purchase is made off-exchange, how exactly would this auction directly affect the market? It's not like the buyer is going to turn around immediately and dump the coins he just bought.
Why not? |
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,,,
Ignoring the fact that the original $5mil uncle story was as real as the one I made up, ... Point made or not, the uncle has $5mil and you are just a poor schmuck that spends his ENTIRE day on a Bitcoin forum. Some stupid response in 3...2....1.... Get back 2 digging ditches, or lrn 2 read   *Though your wacky antics will not convince anyone to keep holding this fail, they allow Bitcoin to continue being an excellent store of value. Lel value  |
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My uncle made 5 million dollars investing in a local casino back in the 90's. He believed in the business model and saw the value. He regularly bought more shares as the price went down for unknown reasons. At one point, he was down 90% and the only reason he held was there wasn't much to sell relative to his original investment. He rode this roller coaster for 10 years until finally they received a takeover bid from Penn gaming in early 2000's. It was extremely stressful but paid off in the end.
Making big money is NOT EASY. It takes time. You must try to identify something of value and keep on investing and HODL!! If you cant take the risk, go buy Walmart stock or Alcoa and get 5-7% a year. If you wait for Bitcoin to become a SAFE investment, the real money will have been made already.
To make REAL money, you NEED RISK.
My uncle made 5 million dollars investing in lottery tickets back in the 90's. He believed in the business model and saw the value. He regularly bought more lottery tickets as he continued losing for unknown reasons. At one point, he was down 90% and the only reason he kept buying lottery tickets was his degenerate gambling addiction. He rode this roller coaster for 10 years until finally he bough a winning lottery ticket in early 2000's. It was extremely stressful but paid off in the end... To make REAL money, you NEED RISK.
To make real money, you have to know what you're doing. What you are describing is called "gambling," and is a great way to lose money. Buying into a business (like a casino) because you see its potential to grow is completely different from buying lottery tickets, which have a pre-determined value that does not change over time. Ignoring the fact that the original $5mil uncle story was as real as the one I made up, holding a clearly failing stock & doubling down is actually dumber than "investing" in lottery tickets. Regardless of whether the "uncle" made $5mil, or lost it. My point stands. |
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...
I have this "vision" of a Bitcoin "bank" that offers risk-free accounts denominated in USD with preferable interest rates that regular fiat banks can not compete with. If this "product" can be offered to mainstream people then Bitcoin will gain ground very, very quickly.
That you, Danny? |
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where is TERA these dave?
Probably banned in the great bear purge of August/September. Kristallnacht. Nevar forget  |
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.@octaft: Exactly. You're still fighting a war lost long ago!  |
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How can you even think a auction would bring the price anywhere but down?!
Have you seen the art auctions lately? US Marshals auctions possess the pomp and prestige so sorely lacking in Christie's and Sotheby's. The fabulocity of being seen amongst society's creme de la creme is so worth the premium, dahling!   |
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My uncle made 5 million dollars investing in a local casino back in the 90's. He believed in the business model and saw the value. He regularly bought more shares as the price went down for unknown reasons. At one point, he was down 90% and the only reason he held was there wasn't much to sell relative to his original investment. He rode this roller coaster for 10 years until finally they received a takeover bid from Penn gaming in early 2000's. It was extremely stressful but paid off in the end.
Making big money is NOT EASY. It takes time. You must try to identify something of value and keep on investing and HODL!! If you cant take the risk, go buy Walmart stock or Alcoa and get 5-7% a year. If you wait for Bitcoin to become a SAFE investment, the real money will have been made already.
To make REAL money, you NEED RISK.
My uncle made 5 million dollars investing in lottery tickets back in the 90's. He believed in the business model and saw the value. He regularly bought more lottery tickets as he continued losing for unknown reasons. At one point, he was down 90% and the only reason he kept buying lottery tickets was his degenerate gambling addiction. He rode this roller coaster for 10 years until finally he bough a winning lottery ticket in early 2000's. It was extremely stressful but paid off in the end... To make REAL money, you NEED RISK.
To make real money, you have to know what you're doing. What you are describing is called "gambling," and is a great way to lose money. |
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