[Daily Speculation Poll] :: What now?

[ruski]

https://bitcointalk.org/index.php?topic=50822.msg605957#msg605957

So now what?
I’ve spoken with my clients over the last week and come to an agreement that would allow me to close down my operation within a week.

Sorry to state the obvious, but that doesn't mean he's agreed to settle in USD. Better source?

[1715092411]

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[1715092411]

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[thezerg]

Oh come on that is extremely unclear.  It could even be that he intends to proceed with whatever he's doing (assuming its not a ponzi) privately with his largest investors...

[ruski]

Unless he does pay the big investors back in USD, and they decide to buy back into BTC with it. Even then there aren't enough BTC to go around for that much cash without the price hitting the hundreds.

I thought you think that "ergo the buyer doesn't care about the exchange rate"...

 

Buyers wanting to trade with it don't care. Speculators do. Keep missing that point.

[oakpacific]

I should congratulate Adam for getting the correction percentage right, what he didn't get right is the price...

[augustocroppo]

Unless he does pay the big investors back in USD, and they decide to buy back into BTC with it. Even then there aren't enough BTC to go around for that much cash without the price hitting the hundreds.

I thought you think that "ergo the buyer doesn't care about the exchange rate"...

 

Buyers wanting to trade with it don't care. Speculators do. Keep missing that point.

No, you missed your own point since you did not cited "speculators" before.

Since you admit above that "they", the "speculators", want "to buy back", you confirm that buyers do care about the price, as I had already explained before.

[ruski]

It's like the whole market's got a massive hangover. I think might even be back up at $14-15 within a few days, and it'll be solid this time.

Still bummed I missed the drop. Not five minutes after I'd gone to sleep it started. Easy 20% and I didn't catch it.

[ruski]

Unless he does pay the big investors back in USD, and they decide to buy back into BTC with it. Even then there aren't enough BTC to go around for that much cash without the price hitting the hundreds.

I thought you think that "ergo the buyer doesn't care about the exchange rate"...

 

Buyers wanting to trade with it don't care. Speculators do. Keep missing that point.

No, you missed your own point since you did not cited "speculators" before.

Since you admit above that "they", the "speculators", want "to buy back", you confirm that buyers do care about the price, as I had already explained before.

And therefore, toasters are a purple Tuesday.

Exactly what is your point? Re-read what I'm trying to tell you and you'll see what I'm trying to say.

A) The real support, people using BTC as a medium of exchange, do not care about the exchange price & buy at market.
B) Speculators do, but there aren't enough BTC on offer to support $10 million in purchases without causing an insane bubble.
C) Owing to that, if some want to buy back they will do it slowly, further supporting a solid rally, which we will have anyway.
D) If they don't buy back, we have seen the end of the BS&T impact on BTC as no more BTC will be dumped for now but trade goes on.

Need me to spell it out further for you?

[Spekulatius]

I tell you B-Boys'n'B-Girls, 10$ marks a critical support. If it breaks, a real plummet and a serious end to this rally is in jeopardy.
Because a lot of buying happened in the 9-10$ area on the way up, those who got in during that time will avoid to sell any lower. Thus will sell above 10$. According to theory, once we get to that 10$ resistance, no more selling will occur and buying pressure outweight selling pressure. Lets hope we are not going below that.

Reference: https://ferroh.com/charts

yellow/red areas mark price niveaus of high volume
green/blue areas those of low volume

[augustocroppo]

And therefore, toasters are a purple Tuesday.

Exactly what is your point? Re-read what I'm trying to tell you and you'll see what I'm trying to say.

A) The real support, people using BTC as a medium of exchange, do not care about the exchange price & buy at market.
B) Speculators do, but there aren't enough BTC on offer to support $10 million in purchases without causing an insane bubble.
C) Owing to that, if some want to buy back they will do it slowly, further supporting a solid rally, which we will have anyway.
D) If they don't buy back, we have seen the end of the BS&T impact on BTC as no more BTC will be dumped for now but trade goes on.

Need me to spell it out further for you?

You are babbling... What you wrote is not based on factual data.