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...and now back to your regularly scheduled program of lambchop (and his many many alts), nothatinjustrollin, yourmother, and the rest of the daily trolls.
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If too many ppl end up running in the streets stealing cars to buy BTC, then it could create too much sell pressure on the used car industry and run the price down. So while I recommend that millions of you do it, I can't morally recommend tens of millions.
Now that's funny!!! |
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Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$. The latter think that the chances of it being worth more than 1300$ anytime in the next few years are much less than 20%.
I don't know where you get the stat but I feel sorry for them. It is not a survey, just math. If anyone with money to invest thought that the chances of BTC hitting 1300$ in the next 2 years were higher than 20%, they should buy it even for 300$. But they aren't, so... Why not 19% or 21%? |
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Oh shit, is it really going to $1500 tonight? I have some stuff I could pawn off to buy in quick. Have your families do the same. Hell, you could even do a smash & grab on a store or just run around in the street with a gun stealing cars
It could very easily. I'm telling my family. I have a moral responsibility to do so. |
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1. I am not advocating buying at the top of the rally, I am advocating buying right now. When it goes past $500, you are probably too late considering fiat deposit times.
2. $10 million is nothing to hedge funds, retirement funds, etc. There will be be buying pressure right after the auction and long after.
3. People are going to be sick that they missed out on buying bitcoin at these prices. My advice is to buy what you can afford or forever regret. You are lucky to even know what Bitcoin is at this point in its evolution.
1. Didn't say you did. I said thinking like yours, and bear in mind I was talking about your "$1500 overnight" comments. Price is not at all likely to go to $1500 overnight. 2. "Right after the auction and long after" is not "overnight." Again, I was responding to "$1500 overnight" comments. 3. Eh, nothing really to say to that, other than time will tell. Time will tell about everything. People are very short sighted. I'm trying to point out that leaving sell orders overnight is a bad idea and many were caught with their pants down in the last real rally. Selling any bitcoin in my opinion at these prices is just plain irresponsible. |
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i'll revisit this thread for lolz later, in the meantime keep up your enthusiasm because i'll need a hardworking porter like you when that imaginary rally comes. There are so many scenarios where entirely more than $10 million enters the market overnight.
While nothing is a certainty in this world, I'd say the odds of someone dumping 10 million onto an exchange and slamming market buy with every last dime of it are slim to none. If someone had $10 million they wanted to put into bitcoin, they would probably be bidding in the upcoming auction, or buying off-exchange. ...and when they lose the auction, that is exactly what they will do. Maybe not a market order. But certainly a lot of buying pressure after the auction. There will be days in the near future where $10 million per day will be a drop in the bucket. Feel free to save this post and recirculate in the coming months. One, thinking like yours is what makes people panic buy at the top of rallies. Two, you originally said "$10 million enters the market overnight," not "a lot of buying pressure after the auction." We need to be shooting for 100% of m2 then. Fuck those other currencies.
Yeah good luck with that. 1. I am not advocating buying at the top of the rally, I am advocating buying right now. When it goes past $500, you are probably too late considering fiat deposit times. 2. $10 million is nothing to hedge funds, retirement funds, etc. There will be be buying pressure right after the auction and long after. 3. People are going to be sick that they missed out on buying bitcoin at these prices. My advice is to buy what you can afford or forever regret. You are lucky to even know what Bitcoin is at this point in its evolution. First, replys go at the bottom of the previous post. Second, you won't revisit/repost this later because it will make you look like a fool. |
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1. I am not advocating buying at the top of the rally, I am advocating buying right now. When it goes past $500, you are probably too late.
2. $10 million is nothing to hedge funds, retirement funds, etc. There will be be buying pressure right after the auction and long after.
3. People are going to be sick that they missed out on buying bitcoin at these prices. My advice is to buy what you can afford or forever regret. You are lucky to even know what it is at this point.
Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$. The latter think that the changces of it being worth more than 1300$ anytime in the next few years are much less than 20%.I don't know where you get the stat but I feel sorry for them. |
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There are so many scenarios where entirely more than $10 million enters the market overnight.
While nothing is a certainty in this world, I'd say the odds of someone dumping 10 million onto an exchange and slamming market buy with every last dime of it are slim to none. If someone had $10 million they wanted to put into bitcoin, they would probably be bidding in the upcoming auction, or buying off-exchange. ...and when they lose the auction, that is exactly what they will do. Maybe not a market order. But certainly a lot of buying pressure after the auction. There will be days in the near future where $10 million per day will be a drop in the bucket. Feel free to save this post and recirculate in the coming months. One, thinking like yours is what makes people panic buy at the top of rallies. Two, you originally said "$10 million enters the market overnight," not "a lot of buying pressure after the auction." We need to be shooting for 100% of m2 then. Fuck those other currencies.
Yeah good luck with that. 1. I am not advocating buying at the top of the rally, I am advocating buying right now. When it goes past $500, you are probably too late considering fiat deposit times. 2. $10 million is nothing to hedge funds, retirement funds, etc. There will be be buying pressure right after the auction and long after. 3. People are going to be sick that they missed out on buying bitcoin at these prices. My advice is to buy what you can afford or forever regret. You are lucky to even know what Bitcoin is at this point in its evolution. |
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There are so many scenarios where entirely more than $10 million enters the market overnight.
While nothing is a certainty in this world, I'd say the odds of someone dumping 10 million onto an exchange and slamming market buy with every last dime of it are slim to none. If someone had $10 million they wanted to put into bitcoin, they would probably be bidding in the upcoming auction, or buying off-exchange. ...and when they lose the auction, that is exactly what they will do. Maybe not a market order. But certainly a lot of buying pressure after the auction. There will be days in the near future where $10 million per day will be a drop in the bucket. Feel free to save this post and recirculate in the coming months. |
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March will be > $1000.
any particular reason why bitcoin will shoot that high again? It is already that high. It has been "shooting" low for a long time. It will go back to it's real price in March. There will be a correction back to $1000 once the manipulators are no longer able to force the price lower. i would love to see the $1000 again, but with no reason i don't think so i'll rise again unless there's a pump lol Lol, you guys are seriously talking like bulls and bears themselves and fighting to win the fight going on in the markets...  There are only a measly 30k-40k coins right now on the open market worth only $10 million at the current price. There are so many scenarios where entirely more than $10 million enters the market overnight. What happens to all the poor fools who wake up in the morning with their sell orders filled at $275 or even $500 and the current price at $1500? |
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March will be > $1000.
any particular reason why bitcoin will shoot that high again? It is already that high. It has been "shooting" low for a long time. It will go back to it's real price in March. There will be a correction back to $1000 once the manipulators are no longer able to force the price lower. |
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March will be > $1000.
maybe <200$ with a dip to <100$ 0% chance of that happening. The current price of a bitcoin is $1000. Anyone selling for less than that is selling as a charity. |
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If this bear market has been largely caused by Chinese miners that can do nothing with bitcoins except sell them, then it is likely to end when one of two things happen: Either they run out of stockpiled coins to sell over and above coins they are mining, or when the Chinese economy gets so bad that they realize that the killer app is to sneak out of the country with them.
Right now Bitcoins seems to be an answer in search of a problem: Most obviously capital controls in a world where capital is still largely mobile. When this situation changes, it is likely to be sudden and swift although the time frame is difficult to predict with any accuracy.
Miners aren't the ones selling in this market. It's pure speculative manipulation. A miner would never dump coins and cause the price to decline. They would sell the minimum number of coins necessary to cover costs at the best price possible and stock the rest for a much higher price. Lets put this one to bed, miners are not dumping coins and they are certainly not doing them as a market order. Best... Post... Recently. Gotta agree with rolling. Miners are among the most optimistic of the bulls as a group. It doesn't matter how optimistic miners are. Miners have to service their debt and to meet expenses just like everybody else. If you postpone selling because of a bear market, you can end up NEEDING to sell more rather than less because the price is lower, the loan payments are higher and all your other expenses remain the same. It doesn't matter one bit if it's market orders or limit orders creating more overhead resistance. Partially true. Miners may have to start selling at some point if they are no longer able to service debt with other income streams but a market order has a huge difference in this market compared to a limit order. A miner would NEVER dump 5k coins in single market order. It causes too much slippage and the market seems to stabilize at a lower price after a big downward movement. It's not miners causing these major movements. If a miner has BTC20k to push he'd prob put a sell wall and if no one is biting he has to dump. On a separate note oh look there are over BTC2k on finex till 240, recall there were about that much till 250 a day ago. But at least looks like people are nibbling at 240 A miner isn't going to dump BTC20k at a time, they are going to sell some fraction of BTC3600 per day. Even the biggest miner out there isn't selling more than a couple hundred per day. The vast majority of miners are holding. The current price is laughable. I'll say it one more time and then I'm done. The miners aren't causing the decline in price. |
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If this bear market has been largely caused by Chinese miners that can do nothing with bitcoins except sell them, then it is likely to end when one of two things happen: Either they run out of stockpiled coins to sell over and above coins they are mining, or when the Chinese economy gets so bad that they realize that the killer app is to sneak out of the country with them.
Right now Bitcoins seems to be an answer in search of a problem: Most obviously capital controls in a world where capital is still largely mobile. When this situation changes, it is likely to be sudden and swift although the time frame is difficult to predict with any accuracy.
Miners aren't the ones selling in this market. It's pure speculative manipulation. A miner would never dump coins and cause the price to decline. They would sell the minimum number of coins necessary to cover costs at the best price possible and stock the rest for a much higher price. Lets put this one to bed, miners are not dumping coins and they are certainly not doing them as a market order. Best... Post... Recently. Gotta agree with rolling. Miners are among the most optimistic of the bulls as a group. It doesn't matter how optimistic miners are. Miners have to service their debt and to meet expenses just like everybody else. If you postpone selling because of a bear market, you can end up NEEDING to sell more rather than less because the price is lower, the loan payments are higher and all your other expenses remain the same. It doesn't matter one bit if it's market orders or limit orders creating more overhead resistance. Partially true. Miners may have to start selling at some point if they are no longer able to service debt with other income streams but a market order has a huge difference in this market compared to a limit order. A miner would NEVER dump 5k coins in single market order. It causes too much slippage and the market seems to stabilize at a lower price after a big downward movement. It's not miners causing these major movements. |
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If this bear market has been largely caused by Chinese miners that can do nothing with bitcoins except sell them, then it is likely to end when one of two things happen: Either they run out of stockpiled coins to sell over and above coins they are mining, or when the Chinese economy gets so bad that they realize that the killer app is to sneak out of the country with them.
Right now Bitcoins seems to be an answer in search of a problem: Most obviously capital controls in a world where capital is still largely mobile. When this situation changes, it is likely to be sudden and swift although the time frame is difficult to predict with any accuracy.
Miners aren't the ones selling in this market. It's pure speculative manipulation. A miner would never dump coins and cause the price to decline. They would sell the minimum number of coins necessary to cover costs at the best price possible and stock the rest for a much higher price. Let's put this one to bed, miners are not dumping coins and they are certainly not dumping them as a market order. |
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a lot of shorts are starting to open up
Suckers. |
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nah... buying them back when you panic sell @ 120...
Won't happen. I'll panic buy maybe. You do realize I can keep buying indefinitely, right? My poor market timing just means that I trade a certain amount of fiat for bitcoin on a regular basis. The lower it goes, the MOAR I buy. ...and the MOAR you lose. Somehow I feel sorry for you, but I guess you don't want to hear that anyway. It's called Dollar-Cost Averaging and it's a great way to invest for the long term. Not everyone is trading, some of us are accumulating. |
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5th of Jameson in for the night
logged into bitfinex
taking votes on if I submit a margin short or long wall
If you drank a 5th, you will probably short. |
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I think $260ish will be the top for now and we'll head back down on a big dump. Maybe that will be it for the bear?
If you really think that, you should be shorting. You'll stand to make a ton of profit and prove all these stupid perma bulls wrong. You know what? Everyone moans and complains about the trolls, but once the price moves up like this, their absence makes this thread a little dull... It doesn't make it dull, it makes it readable. When the price is falling, every page is 90% "This user is currently ignored". Seems to me some of them made some good points on the way down.. I wouldn't know. Anyone using the term "Bulltard" is ignored. |
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