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JorgeStolfi
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October 06, 2014, 11:56:29 PM |
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I agree this is true, it turned out that this was no manipulator but a mere fool who wasn't patient or experienced enough to split his selling upon multiple markets and over time, in addition to selling into a short-term highly depressed price.
We cannot say that he was a fool. The option to spread his sale over a longer period (by multiple separate offers or by posting a higher price) carried the risk of the price falling even lower. The price may be "depressed", but may also be "still overinflated". In any case, at this point, it seems that a more complicated and lengthy sell plan would have given him only 10% more than what he got. He could have netted 24 M $ by selling in January, or nearly 20 M $ by selling in June. At this point, one could say that he was a fool for not doing that. If he bought at 20$/BTC or less, he netted nearly 9 M $, with little effort and investment. He would have to be very greedy, or addicted to gambling, to feel unhappy with that result. Let's see how his buyers will fare now. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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abercrombie
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Activity: 1159
Merit: 1001
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October 06, 2014, 11:56:43 PM |
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Is crypto done??  |
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ChartBuddy
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Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 07, 2014, 12:01:07 AM |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 07, 2014, 12:03:09 AM |
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Is crypto done??  |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 07, 2014, 12:05:58 AM |
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not feeling confident about its magical 1K sell supposedly going to happen soon...
i'm gonna take top bid for a bit...
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Richy_T
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Activity: 2436
Merit: 2114
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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October 07, 2014, 12:19:40 AM |
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Maybe he was "just stupid" maybe he was "panic selling" or maybe the guy took some mushrooms and felt like selling? or maybe overlord Xenu ordered him to sell...Maybe a unicorn rogered him until he sold
Maybe the Bitcoins became self aware and sold themselves.
That he was just stupid and decided to make a stupid sell move I do not buy personally.
Surprised no one is asking Shroomsy for proof. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 07, 2014, 12:26:18 AM |
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I can feeeel the pump coming 
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TsuyokuNaritai
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October 07, 2014, 12:43:49 AM |
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I can feeeel the pump coming That manipulator at 350 thinks his wall is safe, we'll see.  |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 07, 2014, 01:01:06 AM |
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Adrian-x
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Activity: 1372
Merit: 1000
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October 07, 2014, 01:01:40 AM |
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That manipulator at 350 thinks his wall is safe, we'll see. LOL's looks like he got it in the balls. |
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catena5260
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October 07, 2014, 01:05:51 AM |
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not feeling confident about its magical 1K sell supposedly going to happen soon...
i'm gonna take top bid for a bit...
After that 25k wall, 1k walls look like nothing. |
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JimboToronto
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Activity: 4004
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You're never too old to think young.
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October 07, 2014, 01:06:03 AM |
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That manipulator at 350 thinks his wall is safe, we'll see. LOL Looks like someone mistook bullstud reality for some silly little Pollyanna beartard dream world. Ooooh. The price is gonna drop right down to double digits so we can all buy cheap coins, just like people who discovered Bitcoin before this year. Reality is refreshing, isn't it? |
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podyx
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Activity: 2338
Merit: 1035
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October 07, 2014, 01:08:14 AM |
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heartastack
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October 07, 2014, 01:16:42 AM |
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Looks like it will be a slow push through 330.
The real fireworks will start when we crack 360 imo
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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October 07, 2014, 01:19:15 AM |
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That manipulator at 350 thinks his wall is safe, we'll see. LOL Looks like someone mistook bullstud reality for some silly little Pollyanna beartard dream world. Ooooh. The price is gonna drop right down to double digits so we can all buy cheap coins, just like people who discovered Bitcoin before this year. Reality is refreshing, isn't it? Don't count your chickens yet brothers... |
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JimboToronto
Legendary
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Activity: 4004
Merit: 4464
You're never too old to think young.
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October 07, 2014, 01:23:18 AM |
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Don't count your chickens yet brothers...
No chicken counting here bro. We still have a long way to go. Laughing at bears is easy though. They take themselves so seriously.  |
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heartastack
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October 07, 2014, 01:27:48 AM |
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Don't count your chickens yet brothers...
No chicken counting here bro. We still have a long way to go. Laughing at bears is easy though. They take themselves so seriously. I have not to count... Arise!! |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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October 07, 2014, 01:29:25 AM |
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Don't count your chickens yet brothers...
No chicken counting here bro. We still have a long way to go. Laughing at bears is easy though. They take themselves so seriously. I wanted those cheap coins too.. Does that make me a bear?  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 07, 2014, 01:46:31 AM |
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do not pray for a reversal, make it happen, be the change you want to see. PUSH!  |
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Richy_T
Legendary
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Activity: 2436
Merit: 2114
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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October 07, 2014, 01:46:42 AM |
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Poll
