 How can anyone be angry , when there is a bouncing baby elephant ? This is important. |
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Were taking time to talk about 'what is a market price'? Oh my.
Considering what price the coins went for is the most important issue this year and nobody call tell what the actual market price to compare it to is, yes, now is a good time to discuss it. I totally disagree it is the most important issue this year regarding Bitcoin, it is a sideshow that is important now and soon will not be. Again i was being sarcastic  meh sorry, normally I have a good sarcasm radar, I have just woken up, and had a little dance around the place and so I am a little light headed right now with euphoria and glee (that is just how I tend to wake up these days) You dance after you wake up  I do now : ) |
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Were taking time to talk about 'what is a market price'? Oh my.
Considering what price the coins went for is the most important issue this year and nobody call tell what the actual market price to compare it to is, yes, now is a good time to discuss it. I totally disagree it is the most important issue this year regarding Bitcoin, it is a sideshow that is important now and soon will not be. Again i was being sarcastic meh sorry, normally I have a good sarcasm radar, I have just woken up, and had a little dance around the place and so I am a little light headed right now with euphoria and glee (that is just how I tend to wake up these days) |
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Were taking time to talk about 'what is a market price'? Oh my.
Considering what price the coins went for is the most important issue this year and nobody call tell what the actual market price to compare it to is, yes, now is a good time to discuss it. I totally disagree it is the most important issue this year regarding Bitcoin, it is a sideshow that is important now and soon will not be. |
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Hey shrooms..
Not disapointed ! I wish you the very best of health and happiness... it was more an observation.. you seem to spend a LOT
of time, hot under the collar, was more an observation... Relax man.... it is that time of year again : )
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 Hello world! exciting times : ) been a GREAT week so far as I thought it would be... and July is shaping up to be a very interesting time too : ) |
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good morning bitcoin!
Very good morning Adam. Let me pour some Baileys in your coffee. It seems the bear trap has snapped shut and the silly little auction has passed without the sky falling down. All that and it's a gorgeous day here in T.O. Life is good. Wait, what? Are you telling me it isn't the biggest event of the year? I'm very confused now. Looking at the market behaviour the last week it has to be. Don't tell me people now are like "what auction?" and move on to the next thing. That would be crazy. Your blood pressure must be off the fricken charts..... |
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Personally, I am incredibly bullish. My monkey, however, thinks we're near the intraday top, and sees 4 more days down before a likely bull market starts in earnest. I am following my monkey.
 Clever Monkey |
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The most hazardous thing about this is that not only do they need the price to increase, not only do they need the price to increase before it decreases, but they also need the price to increase within a certain time. A prolonged sideways movement would kill them as their liquidation price rises along with the interest. Can you imagine the pressure that must be felt?
Psychopaths do not feel pressure.  |
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So tomorrow the auction happens? And then we go to teh moon? Or we drop? Or we carry on flirting with the high 500s?
I just got a note through the door from next doors monkey: "Tomorrow more markets being markets.. auction happens, rumor mill starts, moody weekend, Monday - winning bidders find out they won, Monday tuesday rumor mill going nuts , buying pressure may resume, some possible "leaks" with some possible "proof" and turns out.... the BTC sold to pretty near the market price (within 10%) followed by some market tomfoolery for a day or two, and a week or so down the line it is all about what X is going to do with their new coins, and some China ban bitcoin news, some shitty pants news about HGash, and then within the month there is gonna be some crazy buying pressure , followed by some selling pressure...the monkey says that there are bananas forming on the charts, buy your tickets now. ps- give me the fucking banana now" I do not trust this monkey anymore than I trust any monkeys, especially the ones with clothes on. edit: I want and hope the auction goes over >10% of the market price, but want and hope do not mean shit though. |
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Interesting tidbit for many here: "They make the obvious prediction that the Bitcoin will be sold for under-market value" Are you guys going to be flaming the Bitstamp owners now? Can someone on this subforum answer this one simple question, instead of completely ignoring it: Q: In a closed door auction, where no one outside of it will know what the selling price was, how can Bitstamp, you, or anyone else know what the winning price was? And don't just reply "The selling price will get leaked out" or some silly crap, as we know hearsay FUD is completely unreliable. <quick, run away and avoid answering this question. Again.>  Why is it so improbable that the price gets leaked by one party or another? (if you trust them is another thing) or that the USM will at some point publish/account for at least the price that they acheived for the total auction/lots ? (which one would have thought would become public information via FOIA) They will not publish the whos but they might publish/need to account for the how much at least, but not the identity of the buyers) |
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I was being sarcastic. Just pointing out that no amount of good news will increase the price while a fart can cause a mass sell off. Good news maybe not, real world progress and developments will. |
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His point was, no one is buying up bitcoins like crazy because of this rumor. Hell, no one is buying up bitcoins like crazy over any good news right now, and they haven't been for months. So no, he's not delusional. Right, and my point being people do care, a lot of vested interest and time and effort and treasure is being put into the ecosystem, by people that care, that are banking , investing on the fact that when they launch, lots more people will care.. I care a lot more about that, than I do if someone on a forum thinks people care or not, when in fact plenty of people do care.. the connect between the "care" and the price will eventually surface. Not just from these guys but all of the money flowing into developing the ecosystem, there is a lot of care filtering its way down to y'all right now as we speak... |
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There is nothing surprising happening - the price action this week was always on the cards, yes because of the auction, as rational or as not as that may be. I did think we would break the triangle and hit $640 before going into the chop this week... it was pretty obvious that the market was going to be choppy this week and we were in for an interesting week... and also there is expectation amongst some of an impending rally, actually this auctions timing was a little bit annoying in that respect adding noise to the market. But as with all markets, they move and as always , in every market in the world, no one, and I mean no one knows all of the time what is going to happen, if they did, that particular market would no longer be a market. People can have ideas, markets can have fundamentals and momentum and trends behind them which may give clearer signals at certain times, but no one knows for certain what will happen. But July is 100% defo for certain going to be "interesting" I just "know" it but what exactly that means in terms of an actual $ value who knows  |
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Also i wonder you mention below or above market price. Is that the price the minute the auction closes?The price it was when the bids had to be in? The price on Stamp or somewhere else? Who decides what the market price actually is?
Could it be that noone really has a clue?
This week has been "interesting" thus far. July is going to be very interesting methinks. One month without FUD, China, Ghash and other drama would be so nice. But you can be almost sure we'll find something new to panic about. Another deadline that means absolutely nothing. been kind of looking forward to July for sometime.. lets see what happens edit: There is SURE to be China bans bitcoin at least 2 or 3 times in July edit edit: probably 2 or 3 times in the first week |
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Also i wonder you mention below or above market price. Is that the price the minute the auction closes?The price it was when the bids had to be in? The price on Stamp or somewhere else? Who decides what the market price actually is?
Could it be that noone really has a clue?
This week has been "interesting" thus far. July is going to be very interesting methinks. |
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THE ANSWER TO ALL OF YOUR QUESTIONS = (including the bitcoin price in 2015)  |
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Ok, i have a question.
It's clear that this small auction completely controls the market. The market is filled with fear.
Apparently people expect a rally or a dump depending on the outcome.
I have 2 simple questions:
1: What will cause the rally and what will cause the dump.
2: Why is this considered so extremely important at the moment.
I really must be missing something. Hopefully someone can fill me in
I think that this forum acts as a magnifier... (of peoples opinions) there are far larger forces at play here then this auction... but the market likes any excuse, also the market does not need an excuse and the market is not always smart... lots of posturing and positioning and speculation from speculators... the market will shake this off like a case of the fleas and a few weeks down the line it will be all forgotten and there will be another thing to focus the magnifying glass on.. there will be dips and peaks, highs and lows... the market will move because that is what markets do. All the while there are several larger forces at play... tick tock tick tock I completely agree with this. So that's why i ask these questions. Because it doesn't make sense. Markets are often/partly motivated by fear and greed, and by the ever interlinked and pesky micro economics of each individual participant within the market. Speculative markets at times are, or appear irrational because they are based on emotion at their core and emotions are irrational. Some people understand this and use that knowledge. Timing and risk mitigation is everything for speculators... meanwhile ...... Fear and greed, bulls and bears, pigs and whales ...............and ecosystems. Meat and bone – the market churns on. |
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