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ShroomsKit
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September 28, 2014, 06:18:54 PM |
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Wall moved to 390$, cool!  What do these people want? I can think of 2 things. 1: buy cheap coins 2: destroy Bitcoin I only see dumps, months after month. I don't see them buying back. So i doubt that is the reason. What other possibility is left other than just simply someone trying to kill Bitcoin? |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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September 28, 2014, 06:20:36 PM |
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Wall moved to 390$, cool! What do these people want? I can think of 2 things. 1: buy cheap coins 2: destroy Bitcoin I only see dumps, months after month. I don't see them buying back. So i doubt that is the reason. What other possibility is left other than just simply someone trying to kill Bitcoin? This is not a conspiracy. It's a speculative bubble bursting all over our favourite commodity  Maybe gold is next? |
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jeezy
Legendary
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Activity: 1237
Merit: 1010
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September 28, 2014, 06:21:03 PM |
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$361 here we come... WEEEEEE  |
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saekki
Newbie
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Activity: 31
Merit: 0
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September 28, 2014, 06:21:33 PM |
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No big news today? Bitcoin is still as good as it was yesterday? Great! Why would I sell now if I see the same potential in Bitcoin as yesterday, but I get less fiat from it? I'm keeping my wallets cold.
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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September 28, 2014, 06:22:09 PM |
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Wall moved to 390$, cool! What do these people want? I can think of 2 things. 1: buy cheap coins2: destroy Bitcoin I only see dumps, months after month. I don't see them buying back. So i doubt that is the reason. What other possibility is left other than just simply someone trying to kill Bitcoin? Bolded my answer. But I'm not dumping now, so I can't say what they want, maybe they are getting desperate. |
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GreekGeek
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September 28, 2014, 06:22:12 PM |
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I can smell the bottom, I can't guess the actual price of the bottom , but capitulation is near
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inca
Legendary
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Activity: 1176
Merit: 1000
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September 28, 2014, 06:24:27 PM |
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Enjoy it bears. You know it is short lived  |
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jeezy
Legendary
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Activity: 1237
Merit: 1010
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September 28, 2014, 06:24:53 PM |
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I can smell the bottom, I can't guess the actual price of the bottom , but capitulation is near
My guess from a couple weeks back was new floor Sept/Oct 330-350. Could actually be 310ish but I don't think we will hit the often mentioned 280 soon. Also I guess 280 is still within long tracement line. |
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fonzie
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September 28, 2014, 06:25:45 PM |
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There is a bit of hope left that we can choo choo rocket to 390$. So i guess that not all is lost! Edit: Idiot traders get ready to sell if we should reach the point of that mini bull trap |
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Feri22
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September 28, 2014, 06:27:05 PM |
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Wall moved to 390$, cool! What do these people want? I can think of 2 things. 1: buy cheap coins 2: destroy Bitcoin I only see dumps, months after month. I don't see them buying back. So i doubt that is the reason. What other possibility is left other than just simply someone trying to kill Bitcoin? Chill out man, majority of people here don't get the bigger picture of bitcoin. You can't change them but what you can do...is buying more bitcoins for you and then laugh at them in Ferarri while they will drive some junk  I was always wondering why there are so few BTC milionairs...I understand now |
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btcney
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September 28, 2014, 06:27:29 PM |
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jeezy
Legendary
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Activity: 1237
Merit: 1010
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September 28, 2014, 06:28:14 PM |
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fonzie
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September 28, 2014, 06:29:19 PM |
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Wow, looks like he distributed all of them to the 5 biggest exchanges, who would have thought that? |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 06:29:58 PM |
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akujin
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September 28, 2014, 06:30:09 PM |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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September 28, 2014, 06:33:08 PM |
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WHOA thats a ton of coins? Has bitstamp confirmed that is their address?! SHIT!!!! |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 06:34:15 PM |
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WHOA thats a ton of coins? Has bitstamp confirmed that is their address?! SHIT!!!! FUD... |
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fonzie
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September 28, 2014, 06:34:47 PM |
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WHOA thats a ton of coins? Has bitstamp confirmed that is their address?! SHIT!!!! Why does he send 200k BTC to Bitstamp with their paperthin bidside, i really don´t get it. Maybe he isn´t such a genius after all...?? |
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Richy_T
Legendary
Offline
Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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September 28, 2014, 06:36:04 PM |
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They turn off the miners and use the electric bill money to buy instead. They're in the Bitcoin business, mining is just a tool. That pressure will keep the price up.
Unfortunately, I think the mining business has moved from Bitcoin accumulators to Bitcoin sellers. People saw the $$$ signs and jumped in, pushing the believers aside. This is not necessarily a bad thing but I do believe it has had some effect in dampening the price rise we were seeing. if few thousands coins mined everyday (~3600 BTC) could constantly bring the price down, then maybe the price is not where it suppose to be, the price should be where demand and supply meets but consedering huge volumes because 3600 BTC is nothing... Dumping a million dollars worth of BTC a day into a thinly traded market would have an effect (though not all are, of course). And yes, the price is where it is "supposed" to be (for whatever that means). I'm not "woe is us"ing about it or cursing dumpers. I just think it's a mitigating factor in considering the price history through 2014. In fact, it's possible these miners selling now were also partially responsible for the 2013 rally since some equipment was purchasable for Bitcoin only. |
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jeezy
Legendary
Offline
Activity: 1237
Merit: 1010
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September 28, 2014, 06:36:15 PM |
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WHOA thats a ton of coins? Has bitstamp confirmed that is their address?! SHIT!!!! Why does he send 200k BTC to Bitstamp with their paperthin bidside, i really don´t get it. Maybe he isn´t such a genius after all...??  |
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