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Author Topic: PANIC BUYING !!!!!!!  (Read 29338 times)
deisik
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August 13, 2016, 04:45:55 PM
 #641

i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.

As I have said in one of my earlier posts, we are likely already past that point in time when the amount of coins used for trading can grow substantially. Satoshi's coins are most likely dead by now (read lost forever), it is not even known for sure whether he is still alive and kicking today. The recent halving consequently halved the inflow of new coins to the market, the effect of which we have yet to feel in the future...

A few more hacks (or scams) of the Bitfinex scale, and there will be no more coins left to trade, lol

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August 13, 2016, 05:34:57 PM
 #642

Cheesy 2018 panic selling 600 $  <3 btc but its too risky

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August 13, 2016, 05:59:39 PM
 #643

i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.
But as we saw getting coins off the market does not have a good impact on the price if they have gone through hacking an online wallet.
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August 13, 2016, 06:14:41 PM
Last edit: August 13, 2016, 06:28:17 PM by deisik
 #644

i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.
But as we saw getting coins off the market does not have a good impact on the price if they have gone through hacking an online wallet.

You are not given to change the simple truth that price depends on the balance of supply and demand. If supply is diminished (for whatever reason) whereas demand remains the same, the price will necessarily rise. Indeed, hacks like that of Bitfinex influence negatively both supply and demand (people may start buying less and selling more having less faith and trust in Bitcoin)...

But you still can't escape the laws of market price determination

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August 14, 2016, 03:34:35 AM
 #645

i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.
But as we saw getting coins off the market does not have a good impact on the price if they have gone through hacking an online wallet.

You are not given to change the simple truth that price depends on the balance of supply and demand. If supply is diminished (for whatever reason) whereas demand remains the same, the price will necessarily rise. Indeed, hacks like that of Bitfinex influence negatively both supply and demand (people may start buying less and selling more having less faith and trust in Bitcoin)...

But you still can't escape the laws of market price determination
That's true, the hack has make the market affected a bit but we have recovered now as evidence by the price increase again. The overall principle will always apply in bitcoin which you have mentioned the law of supply and demand and since we are increase in numbers, demand will eventually increase.

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August 14, 2016, 03:52:29 AM
 #646

Keep an eye on those coins, if we see them moving around I bet btc will take a dip because more than likely he would be dumping.
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August 14, 2016, 03:59:17 AM
 #647

i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.
But as we saw getting coins off the market does not have a good impact on the price if they have gone through hacking an online wallet.

You are not given to change the simple truth that price depends on the balance of supply and demand. If supply is diminished (for whatever reason) whereas demand remains the same, the price will necessarily rise. Indeed, hacks like that of Bitfinex influence negatively both supply and demand (people may start buying less and selling more having less faith and trust in Bitcoin)...

But you still can't escape the laws of market price determination
That's true, the hack has make the market affected a bit but we have recovered now as evidence by the price increase again. The overall principle will always apply in bitcoin which you have mentioned the law of supply and demand and since we are increase in numbers, demand will eventually increase.

Hacks and spikes in Bitcoin's price are already well-known by us, the wallet holders. This is how Bitcoin went up from nothing to hundreds of dollars. We're going to recover and like every time, we're then going to get the price even higher than before the hack. Plus the halving, I predict we're all gonna have a good time soon! Cheesy
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August 14, 2016, 06:32:02 AM
 #648

i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.
But as we saw getting coins off the market does not have a good impact on the price if they have gone through hacking an online wallet.

You are not given to change the simple truth that price depends on the balance of supply and demand. If supply is diminished (for whatever reason) whereas demand remains the same, the price will necessarily rise. Indeed, hacks like that of Bitfinex influence negatively both supply and demand (people may start buying less and selling more having less faith and trust in Bitcoin)...

But you still can't escape the laws of market price determination
That's true, the hack has make the market affected a bit but we have recovered now as evidence by the price increase again. The overall principle will always apply in bitcoin which you have mentioned the law of supply and demand and since we are increase in numbers, demand will eventually increase.

Hacks and spikes in Bitcoin's price are already well-known by us, the wallet holders. This is how Bitcoin went up from nothing to hundreds of dollars. We're going to recover and like every time, we're then going to get the price even higher than before the hack. Plus the halving, I predict we're all gonna have a good time soon! Cheesy

We are all expecting  on that, on having a good time in the future. Even bitcoins suffer  drop price but we all know that  bitcoin price would recover and even rise its price even higher. Even what circumstances  may happen to bitcoin in the future for sure it would  definitely increase its price.

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August 14, 2016, 11:49:02 AM
 #649

i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.
But as we saw getting coins off the market does not have a good impact on the price if they have gone through hacking an online wallet.

You are not given to change the simple truth that price depends on the balance of supply and demand. If supply is diminished (for whatever reason) whereas demand remains the same, the price will necessarily rise. Indeed, hacks like that of Bitfinex influence negatively both supply and demand (people may start buying less and selling more having less faith and trust in Bitcoin)...

But you still can't escape the laws of market price determination
That's true, the hack has make the market affected a bit but we have recovered now as evidence by the price increase again. The overall principle will always apply in bitcoin which you have mentioned the law of supply and demand and since we are increase in numbers, demand will eventually increase.

Hacks and spikes in Bitcoin's price are already well-known by us, the wallet holders. This is how Bitcoin went up from nothing to hundreds of dollars. We're going to recover and like every time, we're then going to get the price even higher than before the hack. Plus the halving, I predict we're all gonna have a good time soon! Cheesy

We are all expecting  on that, on having a good time in the future. Even bitcoins suffer  drop price but we all know that  bitcoin price would recover and even rise its price even higher. Even what circumstances  may happen to bitcoin in the future for sure it would  definitely increase its price.
Majority of us here believe that the price of bitcoin will be more better in the future as we were able to make money on our investment. Panic buying and selling can happen anytime but we should be more focus on our goal and buy as much as possible.

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August 20, 2016, 08:30:10 AM
 #650

i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.
But as we saw getting coins off the market does not have a good impact on the price if they have gone through hacking an online wallet.

You are not given to change the simple truth that price depends on the balance of supply and demand. If supply is diminished (for whatever reason) whereas demand remains the same, the price will necessarily rise. Indeed, hacks like that of Bitfinex influence negatively both supply and demand (people may start buying less and selling more having less faith and trust in Bitcoin)...

But you still can't escape the laws of market price determination
That's true, the hack has make the market affected a bit but we have recovered now as evidence by the price increase again. The overall principle will always apply in bitcoin which you have mentioned the law of supply and demand and since we are increase in numbers, demand will eventually increase.

Hacks and spikes in Bitcoin's price are already well-known by us, the wallet holders. This is how Bitcoin went up from nothing to hundreds of dollars. We're going to recover and like every time, we're then going to get the price even higher than before the hack. Plus the halving, I predict we're all gonna have a good time soon! Cheesy

We are all expecting  on that, on having a good time in the future. Even bitcoins suffer  drop price but we all know that  bitcoin price would recover and even rise its price even higher. Even what circumstances  may happen to bitcoin in the future for sure it would  definitely increase its price.
Majority of us here believe that the price of bitcoin will be more better in the future as we were able to make money on our investment. Panic buying and selling can happen anytime but we should be more focus on our goal and buy as much as possible.

That is right. I do not panic buy or sell. I will buy the bitcoin when the price is low and sell when the price is too high.

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August 20, 2016, 12:52:53 PM
 #651

i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.
But as we saw getting coins off the market does not have a good impact on the price if they have gone through hacking an online wallet.

You are not given to change the simple truth that price depends on the balance of supply and demand. If supply is diminished (for whatever reason) whereas demand remains the same, the price will necessarily rise. Indeed, hacks like that of Bitfinex influence negatively both supply and demand (people may start buying less and selling more having less faith and trust in Bitcoin)...

But you still can't escape the laws of market price determination
That's true, the hack has make the market affected a bit but we have recovered now as evidence by the price increase again. The overall principle will always apply in bitcoin which you have mentioned the law of supply and demand and since we are increase in numbers, demand will eventually increase.

Hacks and spikes in Bitcoin's price are already well-known by us, the wallet holders. This is how Bitcoin went up from nothing to hundreds of dollars. We're going to recover and like every time, we're then going to get the price even higher than before the hack. Plus the halving, I predict we're all gonna have a good time soon! Cheesy

We are all expecting  on that, on having a good time in the future. Even bitcoins suffer  drop price but we all know that  bitcoin price would recover and even rise its price even higher. Even what circumstances  may happen to bitcoin in the future for sure it would  definitely increase its price.
Majority of us here believe that the price of bitcoin will be more better in the future as we were able to make money on our investment. Panic buying and selling can happen anytime but we should be more focus on our goal and buy as much as possible.

That is right. I do not panic buy or sell. I will buy the bitcoin when the price is low and sell when the price is too high.


It is better to do panic buying as it is more positive and acceptable. If people are doing that, it means bitcoin are precious and the price will be affected to rise substantially and could also be even abruptly. So far, I have not seen panic selling because the fluctuation is still in the manageable level.

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August 21, 2016, 03:32:22 AM
 #652

Just continue buying BTCs, a little at a time. But there should be a limit - such as 1,000 per btc, i won't buy at that price. haha

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August 21, 2016, 06:01:24 AM
 #653

Cheesy 2018 panic selling 600 $  <3 btc but its too risky
I think the panic selling or panic buying could happen at any time. it depends on the conditions and the market situation at the time. for now it's better to be patient and stay calm

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August 22, 2016, 11:34:25 PM
 #654

i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.
i hope that it would have a positive impact, the bitcoin price needs to grow already as it was stable for a really long time now

 
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August 22, 2016, 11:36:44 PM
 #655

Cheesy 2018 panic selling 600 $  <3 btc but its too risky
the price is not going to be that low in 2 years, in my opinion it should be like 2000 dollars at least and it will make me some good profit

 
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August 23, 2016, 04:03:22 AM
 #656

I feel that it would be too scary for a larger percentage to buy Bitcoins at a $1,000. That's a lot of money to lose if it crashes. So I wouldn't expect it to go up past that any time soon.
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August 23, 2016, 04:05:11 AM
 #657

Cheesy 2018 panic selling 600 $  <3 btc but its too risky
the price is not going to be that low in 2 years, in my opinion it should be like 2000 dollars at least and it will make me some good profit

For it to go up that high there would have to be a massive pump, followed by a heart breaking crash that would stabilize at like $1,2000 and then slowly go up.
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August 23, 2016, 05:13:55 AM
 #658

Cheesy 2018 panic selling 600 $  <3 btc but its too risky
the price is not going to be that low in 2 years, in my opinion it should be like 2000 dollars at least and it will make me some good profit

For it to go up that high there would have to be a massive pump, followed by a heart breaking crash that would stabilize at like $1,2000 and then slowly go up.
That would happen in the future there will be a massive adoption that will affect the price increase but I don't think it will crash again, maybe it would fall back hard but the word crash is so negative and could mean there is no chance for the bitcoin to rise again.
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August 23, 2016, 05:28:28 AM
 #659

Keep an eye on those coins, if we see them moving around I bet btc will take a dip because more than likely he would be dumping.
I think when bitcoin prices began to fall and the volume began to swell, and then I'm sure there will be lots of people trying to buy bitcoin then the panic buying will come. when panic buying comes then the price will go up and I think you should buy if you want to profit
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August 23, 2016, 05:45:43 AM
 #660

Keep an eye on those coins, if we see them moving around I bet btc will take a dip because more than likely he would be dumping.
I think when bitcoin prices began to fall and the volume began to swell, and then I'm sure there will be lots of people trying to buy bitcoin then the panic buying will come. when panic buying comes then the price will go up and I think you should buy if you want to profit
I see it differently man, the price now is slowly rising and I think it will begin to rise steadily. We should take advantage of the cheap price now and we do panic buying on our own as we see this opportunity to earn money in the short run.
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