Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?
No. Math says that it takes 10x more everything to make the price rise from 10x higher level. We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%. I have thousands of lines of research on the subject but nobody reads it anyway so why even post... |
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and i think that even if the market goes down, their wont be enough asks for you to effectively buy back the coins you sold.
this is pure speculation on my part.
Facts do not support your speculation. There have been 4 major high-volume crashes in the last month, the 5-minute volume in one exchange alone in the bottom of the crash is easily BTC2,000. Example chart&data. I am prepared to trade the final capitulation in 4 exchanges, spreading the volume. If I was an order of magnitude bigger, then I could not hide my buys in the orderbooks and it would be complicated. But then I would own an exchange and oh boy...  |
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All sing: It's a kind of magic! How to make a million dollars (from orderbook) go poof  If you want to know what's the point in having walls on the opposite side of what you are doing, the benefit is twofold: - The price can be pushed higher. It is only between 0.5%-1%, but it adds up when making a large trade. - The volume can be induced. Bitstamp was dead before the walls, but then there came so many traders that I could sell BTC300 in 40 minutes with positive slippage (while trolling the forum ofc)! In total I made about $3,000-$5,000 by not crashing the price to 850. In another kind of circumstances that would have been beneficial due to the panic effect but now it does not matter; bitcoin is overvalued and it will slowly come down in the timeframe of 1-3 months. |
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All sing: It's a kind of magic! How to make a million dollars (from orderbook) go poof |
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There be a huge bid wall on Bitstamp at 830. I've usually seen those before a dump!
Don't worry, it will not be there for long. Watch. Now it will go away. |
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There be a huge bid wall on Bitstamp at 830. I've usually seen those before a dump!
Don't worry, it will not be there for long. Watch. |
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something tells me you miss calculated
Sorry to speak so harshly, but when have you presented any evidence/research to back your opinions?  I would really like to hear where the miscalculation is. One of the best indicators that I am right is that everybody thinks otherwise while the dice are still rolling. |
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To spice up a little: Is anyone willing to accept a $10,000-$100,000 escrowed bet that Bitstamp will hit $500 before hitting $1,000?
What odds? I am thinking that $1,000 is much more probable but I am willing to take the other side if odds good enough.
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comeon bears, i have a 10,000$ prize for you, you know you want it!
What is this? Always interested in prizes! rpietila just wondering, as a big BTC holder, have you sold some coins in the past month? 4-figure, but not 5-figure amount. Why? I don't believe you have 10k coins. When does your next sell start so that we can watch? You're waiting bids to pile up at stamp? On serious note, you might burn badly. I'm all BTC. I've made the big sales already, a few 100 here and there left. But now I don't do momentum, so I just sell when the price is good and buy back after 1-3 months. No need for dramatic moves. |
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Many good points, but this was an LMAO: Based on an annual world gross product of $71 trillion, and presuming a 5% return on
capital, we can value the real assets of the world at $71 trillion/0.05 = $1.4 quadrillion. However, world
gross production is probably not utilizing resources at anywhere near 5%
, and so the true value of all the real assets is probably
much greater than this. As an order of magnitude though, the value of the real
assets is probably somewhere in the quadrillions of dollars, perhaps tens of quadrillions.
10 quadrillion = 10 billion million. So a million for every person on the planet, and then some, and nobody's in debt etc. Hardly likely |
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Just panic sell already!
Yes I am selling all the time, can't you see? No panic though, I want 850 minimum. Panic starts after that |
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That seems pretty serious to me. Just in case, you all should sell right now.
US = 4% of the world, UK = ? |
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comeon bears, i have a 10,000$ prize for you, you know you want it!
What is this? Always interested in prizes! rpietila just wondering, as a big BTC holder, have you sold some coins in the past month? 4-figure, but not 5-figure amount. Why? |
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comeon bears, i have a 10,000$ prize for you, you know you want it!
What is this? Always interested in prizes! |
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I hope you ain't mad that I will only buy the ticket when we're into the 27th day of the required btc-average.
not at all. but if everyone tries to pay as late as possible it will make things complicated for us. this is crowdfunding... on the other hand, if you pay early and the party does not fly, you will get refunded. Can I suggest that if late payments create unnecessary complications that you start raising the price after you have reached a comfortable size audience? this will create incentive to buy in early vs. late. Being up front about this may help. In the least you should consider raising the price by 100 m BTCs every day after the threshold is reached. Somebody might remember that in my conference last May, tickets started at BTC1 and each one was BTC1 more than the previous. 8 tickets were sold. Something similar might work here also. |
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Can some of the oldtimers help the community and post bid/ask ratio charts, please |
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I wouldn't trade BTC now in any direction if my life would depend on it..
Get in, don't worry, be happy. Not only dip your toes, get in with head and shoulder, teacup with handle, beer glass, butt and tits and everything. Edit: and your alpaca socks, iranian hand made shoes and your lamborghini. Yeah, now is an exceptional time to get in. Last time the trend and its direction were in this level was at 11th April, noon GMT |
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The last rally from below 700 USD was actually led by EUR!
No wonder it's called dead cat bounce |
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At $600 the 'trends' were still peaking (as much as I hate to depend on trends), the media was still pumping the bitcoin propaganda and people's interests were being piqued.
Now the trends are down, the media has been saturated (something thats hard for bitcoiners to accept, what people actually would just ignore our bitcoin arcitles???) and we are yesterday's news.
As far as not knowing how much 'pressure' is left. It's pretty obvious, we've been flapping off this ~1k resistance like a wet fish for for a while now, the only pressure that's left is in bull's heads.
My bearish call was about 7 hours after China popped in 19th November, public the following day. My correct calls have been to sell ALL bitcoins in 2011 for $25 (never before, nor ever after), and buy back at $2-$3 (which I did follow myself). The fact that after the actual pop in November, the old steam still inflated the bubble to almost twice the size is fun Perhaps selling some more today - every day mounts more evidence that it's not going anywhere. |
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So I am contemplating to reduce/leave the forum for a few months. I have also other projects. Thoughts?
I am certain that a man of your means has better things to do with his time than generate Excel trends through historical data and pretend it reveals secrets about the future. Especially as I reveal a secret to you: just yesterday I hired an excel-wiz to crunch the numbers, and he can even post the charts here! The ominous lack of visualization is just my inability to transmit the graphics |
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