It's quiet, too quiet. Especially after everyone predicted a major rocket.

[Yuhfhrh]

It may not be the time to buy, but does that mean it is the time to sell?

Its definitely not time to sell. People hearing about bitcoin from wordpress/halving should soon have some cash flowing in. On another note, google trends is still doing well:
http://www.google.com/trends/explore#q=bitcoin&date=1%2F2012%2012m&cmpt=q

Hoarding has kept the price high. Not new investors.

New investors hoard.

LOL okay please entertain me with your theory.

How does this work and what proof do you have that this IS the case?

 

I am a new investor, and I hoard. I know someone else who just learned about bitcoin who is starting to hoard.

[1715695516]

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[smoothie]

"It's quiet, too quiet. Especially after everyone predicted a major rocket."

Everyone?  No.  I didn't, because I don't see any reason for the price to 'rocket' upwards right now.  If anything there may be pressure for the price to drop as people eventually receive ASIC orders and need to pay off their new hardware.

people who bought ASICs paid in full, and have been living without this money for months, i really do not understand why so many people think miner will cash out like crazy once they start mining on ASICs.

the way i see it, miner feel unsure if they will be as profitable as they are now when ASICs come out, add to that bitcoin price holding higher then its ever been before, so if anything they are selling for a profit now.

Maybe because they thought they would be delivered in October and counted on them being on time so they are in need of the capital they blew on a product that does not exist. People have bills and lives to live. Loaning BFL large sums of money could do that to anyone. People will sell once they mine. I assure you this is the case.

But they are mining now, why wait for ASICs to come out, why not just sell some now?

Perhaps they dont have as much to sell anymore and used the bulk of it to preorder ASICs. That would be one big reason.

Some people here are very irrational when it comes to investing. Just throw caution to the wind and buy ASICS.

[adamstgBit]

It may not be the time to buy, but does that mean it is the time to sell?

Its definitely not time to sell. People hearing about bitcoin from wordpress/halving should soon have some cash flowing in. On another note, google trends is still doing well:
http://www.google.com/trends/explore#q=bitcoin&date=1%2F2012%2012m&cmpt=q

Hoarding has kept the price high. Not new investors.

New investors hoard.

LOL okay please entertain me with your theory.

How does this work and what proof do you have that this IS the case?

 

I am a new investor, and I hoard. I know someone else who just learned about bitcoin who is starting to hoard.

ya, and this guy too :
https://www.youtube.com/watch?v=IJrlTK2R4So

 

[smoothie]

Smoothie, if there was someone who knew what was going to happen for sure, they WOULD NOT TELL A SOUL. Unless of course they didn't think they'd turn out to be right.

Tell me Smoothie, do you doubt yourself?

Who said I knew 100% for certain that all ASIC miners would sell all of their BTC? I said that the mindset behind investing in ASICs is to PROFIT. How do you profit if you never convert your bitcoins to cash?

Do you doubt yourself is why you ask if I doubt myself?

There are millions of BTC waiting to be sold at higher prices. Given that is the case I predict there will be immense selling pressure come ASIC release (or possibly even prerelease).

[smoothie]

It may not be the time to buy, but does that mean it is the time to sell?

Its definitely not time to sell. People hearing about bitcoin from wordpress/halving should soon have some cash flowing in. On another note, google trends is still doing well:
http://www.google.com/trends/explore#q=bitcoin&date=1%2F2012%2012m&cmpt=q

Hoarding has kept the price high. Not new investors.

New investors hoard.

LOL okay please entertain me with your theory.

How does this work and what proof do you have that this IS the case?

 

I am a new investor, and I hoard. I know someone else who just learned about bitcoin who is starting to hoard.

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

[Yuhfhrh]

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

I think the flawed logic is you saying that we are the only two new investors.

[Yuhfhrh]

ya, and this guy too :
https://www.youtube.com/watch?v=IJrlTK2R4So

 

Thanks for showing me that 

[Spaceman_Spiff]

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

So you want him to have a sample size of 20,000 people in his personal environment who are starting to use bitcoin?  In contrast, your statements are the absolute truth, no evidence required.  Enlighten me, where do you get your ideas?

[adamstgBit]

"It's quiet, too quiet. Especially after everyone predicted a major rocket."

Everyone?  No.  I didn't, because I don't see any reason for the price to 'rocket' upwards right now.  If anything there may be pressure for the price to drop as people eventually receive ASIC orders and need to pay off their new hardware.

people who bought ASICs paid in full, and have been living without this money for months, i really do not understand why so many people think miner will cash out like crazy once they start mining on ASICs.

the way i see it, miner feel unsure if they will be as profitable as they are now when ASICs come out, add to that bitcoin price holding higher then its ever been before, so if anything they are selling for a profit now.

Maybe because they thought they would be delivered in October and counted on them being on time so they are in need of the capital they blew on a product that does not exist. People have bills and lives to live. Loaning BFL large sums of money could do that to anyone. People will sell once they mine. I assure you this is the case.

But they are mining now, why wait for ASICs to come out, why not just sell some now?

Perhaps they dont have as much to sell anymore and used the bulk of it to preorder ASICs. That would be one big reason.

Some people here are very irrational when it comes to investing. Just throw caution to the wind and buy ASICS.

like this guy  
https://www.youtube.com/watch?v=IJrlTK2R4So

what ASICs will do is spread the wealth, a wave of new miners will use this ASIC switch to jump in the mining game.

new miner will NEED to get a nice big stash b4 they start selling.

[smoothie]

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

I think the flawed logic is you saying that we are the only two new investors.

Nice try to twist my words. Where did I say that? Link please.

LOL!! 

[smoothie]

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

So you want him to have a sample size of 20,000 people in his personal environment who are starting to use bitcoin?  In contrast, your statements are the absolute truth, no evidence required.  Enlighten me, where do you get your ideas?

The guy in the youtube video that Adam just posted ^. 

[smoothie]

"It's quiet, too quiet. Especially after everyone predicted a major rocket."

Everyone?  No.  I didn't, because I don't see any reason for the price to 'rocket' upwards right now.  If anything there may be pressure for the price to drop as people eventually receive ASIC orders and need to pay off their new hardware.

people who bought ASICs paid in full, and have been living without this money for months, i really do not understand why so many people think miner will cash out like crazy once they start mining on ASICs.

the way i see it, miner feel unsure if they will be as profitable as they are now when ASICs come out, add to that bitcoin price holding higher then its ever been before, so if anything they are selling for a profit now.

Maybe because they thought they would be delivered in October and counted on them being on time so they are in need of the capital they blew on a product that does not exist. People have bills and lives to live. Loaning BFL large sums of money could do that to anyone. People will sell once they mine. I assure you this is the case.

But they are mining now, why wait for ASICs to come out, why not just sell some now?

Perhaps they dont have as much to sell anymore and used the bulk of it to preorder ASICs. That would be one big reason.

Some people here are very irrational when it comes to investing. Just throw caution to the wind and buy ASICS.

like this guy  
https://www.youtube.com/watch?v=IJrlTK2R4So

what ASICs will do is spread the wealth, a wave of new miners will use this ASIC switch to jump in the mining game.

new miner will NEED to get a nice big stash b4 they start selling.

Might want to check your logic on trading strategies. That is not how all people invest.

[Yuhfhrh]

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

I think the flawed logic is you saying that we are the only two new investors.

Nice try to twist my words. Where did I say that? Link please.

LOL!! 

I did twist your words, but unintentionally. I'll rephrase the statement: Its not flawed logic because we are not the only two new investors.

[smoothie]

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

I think the flawed logic is you saying that we are the only two new investors.

Nice try to twist my words. Where did I say that? Link please.

LOL!! 

I did twist your words, but unintentionally. I'll rephrase the statement: Its not flawed logic because we are not the only two new investors.

Once again...proof?...lol

 

[Yuhfhrh]

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

I think the flawed logic is you saying that we are the only two new investors.

Nice try to twist my words. Where did I say that? Link please.

LOL!! 

I did twist your words, but unintentionally. I'll rephrase the statement: Its not flawed logic because we are not the only two new investors.

Once again...proof?...lol

 

ya, and this guy too :
https://www.youtube.com/watch?v=IJrlTK2R4So

 

[smoothie]

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

I think the flawed logic is you saying that we are the only two new investors.

Nice try to twist my words. Where did I say that? Link please.

LOL!! 

I did twist your words, but unintentionally. I'll rephrase the statement: Its not flawed logic because we are not the only two new investors.

Once again...proof?...lol

 

ya, and this guy too :
https://www.youtube.com/watch?v=IJrlTK2R4So

 

Awesome comeback. +1 from me. 

[legitnick]

[tiberiandusk]

Why am I not a billionaire yet?

https://i.imgur.com/yW2TA.jpg

[waspoza]

"It's quiet, too quiet. Especially after everyone predicted a major rocket."

Everyone?  No.  I didn't, because I don't see any reason for the price to 'rocket' upwards right now.  If anything there may be pressure for the price to drop as people eventually receive ASIC orders and need to pay off their new hardware.

OMG will this asic bullshit ever end?

For the last time: there can be max 3600 btc mined per day. There is about 20k daily volume only on mtgox only in usd market. So even if all miners decided to sell immediately (which is unrealistic) price movement would be very small.

[phelix]

Saturn V Launch Slow Motion: https://www.youtube.com/watch?v=_HcnmthntUo