alexeft
Legendary
 Offline
Activity: 854
Merit: 1000
|
 |
January 17, 2014, 09:56:44 PM |
|
The 247 million indonesians probably care. Then they'll find their way! Or so I hope! |
|
|
|
|
|
|
|
|
|
|
|
If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
fotosonics
|
|
January 17, 2014, 09:59:12 PM |
|
The 247 million indonesians probably care. Boom. The rest is the usual warning about volatility blah blah blah. So Indonesians, like anyone else, can still stick it to the Man. Like all of us, like always. |
|
|
|
|
|
virtualfaqs
|
|
January 17, 2014, 09:59:27 PM |
|
A couple of corrective points:
1. Overstock.
They transfer into fiat immediately - probably don't even handle the BTC at all. So this has little market effect if any.
Also - they took, what 130,000 USD ish on the first day, because of all the hype. A fair percentage of that was Goat. I doubt this has continued into anything remotely significant to the overall BTC market yet. This is not relevant to the market price at the moment at all.
2. British VAT.
IMO, this will not be applied to coins, but to exchange fees. It will not be significant - if applied to coins. No one would trade in the UK at all, which is not HMRC's intention at all. This has been misinterpreted negatively here.
3. Fed selling SR stash.
As I said before, this will be a private auction at below market price, probably in tranches. It will likely go to large investment companies, who will only have an interest in a HIGHER price if they are successful bidders. If they dump, they will lose out, they will be in for investment reasons for the mid-term at least.
So - please can we all think properly and carefully about interpretation of news?
1. So BTC is sold immediately too. Maybe dark sale. Maybe not. Question is do the Overstock buyers buy back the BTC immediately? I'm guessing the answer is No. I'm going to stand by theory that 3rd party payment processors do not help BTC price. 3. They announced it. That was the problem. If they announce the final sale, that might also lower the price. No one cares what you or I think. It's what the market as a whole thinks. |
|
|
|
|
|
dgarcia
|
|
January 17, 2014, 10:02:22 PM |
|
I'm laughing my ass off. When huobi is twitching and the price is falling 1,00$ instantly the price drops 5,00$ on stamp.
|
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
January 17, 2014, 10:02:37 PM |
|
|
|
|
|
|
|
gmannn
|
|
January 17, 2014, 10:04:59 PM |
|
|
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
|
January 17, 2014, 10:09:19 PM |
|
This "capitulation" has got absolutely no conviction.
We are nowhere near capitulation. Give us a rough time then This perspective is not largely based on time. No estimate within reasonable accuracy. Accurate answer is - there will be no capitulation. Flash crash due to some Chinese shit is definitely possible, and that's only thing that keeps this beast to not completely explode yet (with FUD crap about DPR coins) but capitulation with news we have on daily basis - no fucking way. Most of those who are waiting slow capitulation will get caught with pants down when this motherfucker jumps. May God have mercy on their empty brains and wallets. |
|
|
|
|
kurious
Legendary
Offline
Activity: 2590
Merit: 1643
|
|
January 17, 2014, 10:10:17 PM |
|
The 247 million indonesians probably care. Boom. The rest is the usual warning about volatility blah blah blah. So Indonesians, like anyone else, can still stick it to the Man. This is actually positive. A massive population - which as yet is not a significant BTC 'hub' is now becoming aware, by virtue of this. The fact it is not a ban, but raises awareness is something going on worldwide. Bitcoin is an issue ALL governments are being forced to acknowledge and have a formal stance on. People I never expected to mention Bitcoin are now aware of it. This has changed massively in just a few months. Awareness is now huge. This is as good as we could hope for. While China and some other factors are causing short term nervousness, we are way beyond the 'drugs / dark web / porn' currency stage. It's a marketing success and Bitcoin is now a fact. Worldwide. This does not mean 'to the moon' today, and probably not tomorrow. But it is a huge stage, far earlier than I and probably all of us expected. 2014 will be very interesting. Let's just get this China shit sorted and we can get on with solid and exciting development and growth. The network is the key, and will be built upon, much like the internet was. Apps and new uses we have never thought of will make crypto, and BTC in particular into a massively big deal. |
|
|
|
|
|
virtualfaqs
|
|
January 17, 2014, 10:10:42 PM |
|
I thought too much shorting hurt the price in the long run?  |
|
|
|
|
|
MAbtc
|
|
January 17, 2014, 10:17:05 PM |
|
This "capitulation" has got absolutely no conviction.
We are nowhere near capitulation. Give us a rough time then This perspective is not largely based on time. No estimate within reasonable accuracy. Accurate answer is - there will be no capitulation. Like I've said, maybe that's the case. But you sound a bit too sure of yourself. |
|
|
|
|
|
T.Stuart
|
|
January 17, 2014, 10:21:03 PM |
|
This "capitulation" has got absolutely no conviction.
We are nowhere near capitulation. Give us a rough time then This perspective is not largely based on time. No estimate within reasonable accuracy. . Flash crash due to some Chinese shit is definitely possible but capitulation with news we have on daily basis - no way. To be fair MAbtc did add this possibility as an EDIT. Over the past few weeks this has become very clear: this "bubble" tail-end will play out proportionally higher than previous tail ends. Market sentiment is obviously underpinned now by the idea of the move into mainstream acceptance. This is being reflected in the charts and price movements: the smaller, less-hurried selling periods in comparison with quicker, slightly steeper buying periods. Hodlers are running the show now: after all, what's so difficult about waiting at least few weeks or months when it looks like there is so much in store for 2014. |
|
|
|
|
gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
|
|
January 17, 2014, 10:21:17 PM |
|
My TA says: Sell off over for this week. Recovery ahead for the week end. Downtrend resumes Monday/Tuesday.
|
|
|
|
|
damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
|
|
January 17, 2014, 10:24:41 PM |
|
looks like someone trying to push the price up on stamp
|
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
|
January 17, 2014, 10:25:01 PM |
|
This "capitulation" has got absolutely no conviction.
We are nowhere near capitulation. Give us a rough time then This perspective is not largely based on time. No estimate within reasonable accuracy. Accurate answer is - there will be no capitulation. Like I've said, maybe that's the case. But you sound a bit too sure of yourself. I do, as I'm completely sure of it. I'm trading (and losing money mostly recently though) daily, so I am not hodler, I still have some fiat available to buy if it goes down more but I'm 100% sure there's no capitulation this time. This is not 2011, this is not 2013., this is 2014 and we have daily positive news that would cause a huge bubble each time before. There's no capitulation this time, China uncertainty is suppressing price but we're 2-3 weeks away of putting that stuff behind. |
|
|
|
|
|
deadfi$h
|
|
January 17, 2014, 10:25:14 PM |
|
Why can't you properly short now? |
|
|
|
|
hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
|
|
January 17, 2014, 10:26:21 PM |
|
My TA says: Sell off over for this week. Recovery ahead for the week end. Downtrend resumes Monday/Tuesday.
+1 although we might wanna keep an eye on what china will do when it wakes up |
|
|
|
|
|
T.Stuart
|
|
January 17, 2014, 10:30:25 PM |
|
There's no capitulation this time, China uncertainty is suppressing price but we're 2-3 weeks away of putting that stuff behind.
Earlier. If the Chinese were en masse going to take money out of their exchanges they would have already started doing it. You wouldn't put your withdrawal order in on 30 January would you? I think a lot of people have money on the sidelines specifically for this situation. As it becomes clear that nothing is happening and without any other doomsday-scenario to point to, many will become concerned (and I think rightly so) that the price is going to float higher. |
|
|
|
|
|
deadfi$h
|
|
January 17, 2014, 10:31:57 PM |
|
I thought too much shorting hurt the price in the long run? Shorting is a neutral activity. When you short, you sell now and have to buy back in later within the amount of time you're able to borrow the underlying commodity. The media loves to jump all over shorters because short selling, like any selling, can push the price down. Those same sellers are forced to buy back in though, potentially causing a bounce or creating a bottom, reversing the initial price movement. Traders like me love the ability to short because it allows you to profit regardless of which direction the market is moving. The only thing that matters then is the percentage that the price is moving whether up or down because that is your potential profit. Market looks strong -> buy Market looks weak -> short. |
|
|
|
|
|
dgarcia
|
|
January 17, 2014, 10:46:51 PM |
|
I would realy laugh, if after selloffs and rebuys in the western exchanges (without no reason), china wakes up and starts to sell hard (only to troll)  |
|
|
|
|
DaRude
Legendary
Offline
Activity: 2782
Merit: 1812
In order to dump coins one must have coins
|
|
January 17, 2014, 10:48:03 PM |
|
Feels good to sit 100% fiat until the sleeping dragon awakes. I'm guessing selling should resume in about 3 hours.
What if they buy? Option #1 Claim it's a bull trap Option #2 Claim that you rebought at the (insert minimum price market hit after you claimed you sold) Option #3 Go into the shadows and just watch all the CCMF posts Option #4 Rebuy and HODL |
|
|
|
|
|
Poll
