lyth0s
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February 19, 2015, 11:31:39 PM |
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With the next auction of DPR's 50,000BTC coming up in March I expect most of the coins to be sold much lower than market price and I also expect a huge dump after the coins from the auctions are dispersed. We may even see sub $150 coins at that time. I highly doubt any good positive gains until at least a few weeks after the auction. Most people won't take that chance of getting dumped on.
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ImI
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February 19, 2015, 11:34:54 PM |
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With the next auction of DPR's 50,000BTC coming up in March I expect most of the coins to be sold much lower than market price and I also expect a huge dump after the coins from the auctions are dispersed. We may even see sub $150 coins at that time. I highly doubt any good positive gains until at least a few weeks after the auction. Most people won't take that chance of getting dumped on.
auction will be a non-event. nothing will happen at all.
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inca
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February 19, 2015, 11:37:36 PM |
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With the next auction of DPR's 50,000BTC coming up in March I expect most of the coins to be sold much lower than market price and I also expect a huge dump after the coins from the auctions are dispersed. We may even see sub $150 coins at that time. I highly doubt any good positive gains until at least a few weeks after the auction. Most people won't take that chance of getting dumped on.
Just like the last two auctions?
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lyth0s
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February 19, 2015, 11:40:20 PM |
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With the next auction of DPR's 50,000BTC coming up in March I expect most of the coins to be sold much lower than market price and I also expect a huge dump after the coins from the auctions are dispersed. We may even see sub $150 coins at that time. I highly doubt any good positive gains until at least a few weeks after the auction. Most people won't take that chance of getting dumped on.
auction will be a non-event. nothing will happen at all. Please explain.
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billyjoeallen
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February 19, 2015, 11:40:40 PM |
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Looks like the bulls are prepping for an assault on the $245 wall. I think there might be some hidden resistance, so I'm gonna wait for the bears to soften up a little.
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Specular
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February 19, 2015, 11:43:52 PM |
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Forgive my ignorance but what does Greece have to do with the price of BTC?
Nothing. Until I unveil my brilliant plan. Airdrop Bitcoin ATMs that only accept Drachmas and Euros all over Greece! You heard it here first folks. (jk)
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podyx
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February 19, 2015, 11:50:11 PM |
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With the next auction of DPR's 50,000BTC coming up in March I expect most of the coins to be sold much lower than market price and I also expect a huge dump after the coins from the auctions are dispersed. We may even see sub $150 coins at that time. I highly doubt any good positive gains until at least a few weeks after the auction. Most people won't take that chance of getting dumped on.
auction will be a non-event. nothing will happen at all. Please explain. Simply because it's expected and forecasted since months back.
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billyjoeallen
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February 19, 2015, 11:50:18 PM |
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Forgive my ignorance but what does Greece have to do with the price of BTC?
Nothing. Until I unveil my brilliant plan. Airdrop Bitcoin ATMs that only accept Drachmas and Euros all over Greece! You heard it here first folks. (jk) You do know ATMs can get stolen and busted open, right? You gonna air drop security guards too?
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damiano
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103 days, 21 hours and 10 minutes.
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February 19, 2015, 11:51:32 PM |
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Looks like the bulls are prepping for an assault on the $245 wall. I think there might be some hidden resistance, so I'm gonna wait for the bears to soften up a little.
Not much left on btc swaps...
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Specular
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February 19, 2015, 11:52:19 PM Last edit: February 20, 2015, 12:02:45 AM by Specular |
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In all seriousness, the Greek situation demonstrates how important Bitcoin COULD be. There is a nation of 11 Million people who may soon discover that their chequing accounts are part of a high-stakes game of poker between Angela Merkel and Syriza.
There is a 5-15% chance that the Greeks leave the Euro in 2015 and are forced into converting to Drachmas (IMHO). Greek savers will collectively lose Billions of dollars in buying power if that happens.
Most people don't worry about Capital controls, banking panics and access to their life savings until they are faced with a major crisis, and then people make emotional decisions.
That being said - the Cyprus Pump was probably not caused by Cypriots buying BTC hand over fist, and if we get a Greek pump, I doubt that much of the volume will come from Greek people. It is more of idea that the Market recognizes such events as damaging to the present financial system (which has only been in place for 40~ years). It is the same reason Gold may rise if there is a "Grexit" - 80% speculation, 20% increase in real buying. This last paragraph is 90% my biased opinion - as is most of this post lol.
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billyjoeallen
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February 19, 2015, 11:56:02 PM |
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Looks like the bulls are prepping for an assault on the $245 wall. I think there might be some hidden resistance, so I'm gonna wait for the bears to soften up a little.
Not much left on btc swaps... I'm not worried about short-sellers. In fact, I'm counting on them. What I'm worried about is bulls taking profits too soon and letting them off the hook.
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Brewins
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February 19, 2015, 11:59:27 PM |
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With the next auction of DPR's 50,000BTC coming up in March I expect most of the coins to be sold much lower than market price and I also expect a huge dump after the coins from the auctions are dispersed. We may even see sub $150 coins at that time. I highly doubt any good positive gains until at least a few weeks after the auction. Most people won't take that chance of getting dumped on.
auction will be a non-event. nothing will happen at all. Please explain. in last auction nothing happened in the day of the auction.
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ChartBuddy
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February 19, 2015, 11:59:38 PM |
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samsonn25
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February 20, 2015, 12:11:38 AM |
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With the next auction of DPR's 50,000BTC coming up in March I expect most of the coins to be sold much lower than market price and I also expect a huge dump after the coins from the auctions are dispersed. We may even see sub $150 coins at that time. I highly doubt any good positive gains until at least a few weeks after the auction. Most people won't take that chance of getting dumped on.
auction will be a non-event. nothing will happen at all. Please explain. in last auction nothing happened in the day of the auction. Tim Draper needs another loan to cost average down and buy a third time.
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bad trader
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February 20, 2015, 12:13:14 AM |
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Can someone explain this shit to me. The price looks stable. Then someone buys ~600 BTC on Bitstamp. Then OKCoin crashes. Why?
Does the price swing confuse the bots? Does the price swing trigger trailing stops? Did the pump and dumper's target price get hit?
I've seen this happen before and it does not make sense to me: bullish market ∧ large buy → panic selling
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samsonn25
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February 20, 2015, 12:15:29 AM |
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In all seriousness, the Greek situation demonstrates how important Bitcoin COULD be. There is a nation of 11 Million people who may soon discover that their chequing accounts are part of a high-stakes game of poker between Angela Merkel and Syriza.
There is a 5-15% chance that the Greeks leave the Euro in 2015 and are forced into converting to Drachmas (IMHO). Greek savers will collectively lose Billions of dollars in buying power if that happens.
Most people don't worry about Capital controls, banking panics and access to their life savings until they are faced with a major crisis, and then people make emotional decisions.
That being said - the Cyprus Pump was probably not caused by Cypriots buying BTC hand over fist, and if we get a Greek pump, I doubt that much of the volume will come from Greek people. It is more of idea that the Market recognizes such events as damaging to the present financial system (which has only been in place for 40~ years). It is the same reason Gold may rise if there is a "Grexit" - 80% speculation, 20% increase in real buying. This last paragraph is 90% my biased opinion - as is most of this post lol.
Greece biggest problem is that they spend more than they make. The USA too, but the Americans have unlimited credit lines and can always print more money.
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lyth0s
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February 20, 2015, 12:17:31 AM |
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With the next auction of DPR's 50,000BTC coming up in March I expect most of the coins to be sold much lower than market price and I also expect a huge dump after the coins from the auctions are dispersed. We may even see sub $150 coins at that time. I highly doubt any good positive gains until at least a few weeks after the auction. Most people won't take that chance of getting dumped on.
auction will be a non-event. nothing will happen at all. Please explain. Simply because it's expected and forecasted since months back. Are you guys new around here? You can factor in "sentiment" way ahead, but not an actual dump. Price is already 240's, but if they dump an additional full 50,000 coins at once on bitstamp/finex the price will drop even further. Simple yet people like to remain ignorant to sentiment vs sentiment PLUS actual dump. in last auction nothing happened in the day of the auction. That's a silly statement. Dumps would happen days after the auction. marshalls announce winners, then people have to first receive their coins to their wallet. Then choose exchanges to send the coins to. Then evaluate how many coins they will dump at each price that day, IE is the market absorbing my whole dump? Do I need to sell 100BTC $1 apart? can I sell 200BTC $1 apart? etc. Only the great bearwhale is dumb enough to setup one huge sell wall and all for a price less than market price. He could have easily made an additional 3 million if he planned that maneuver.
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lyth0s
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February 20, 2015, 12:19:49 AM |
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Can someone explain this shit to me. The price looks stable. Then someone buys ~600 BTC on Bitstamp. Then OKCoin crashes. Why?
Does the price swing confuse the bots? Does the price swing trigger trailing stops? Did the pump and dumper's target price get hit?
I've seen this happen before and it does not make sense to me: bullish market ∧ large buy → panic selling
Panic selling or taking profits on small dollar differences on margin?
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empowering
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February 20, 2015, 12:21:59 AM |
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With the next auction of DPR's 50,000BTC coming up in March I expect most of the coins to be sold much lower than market price and I also expect a huge dump after the coins from the auctions are dispersed. We may even see sub $150 coins at that time. I highly doubt any good positive gains until at least a few weeks after the auction. Most people won't take that chance of getting dumped on.
auction will be a non-event. nothing will happen at all. Please explain. Simply because it's expected and forecasted since months back. Are you guys new around here? You can factor in "sentiment" way ahead, but not an actual dump. Price is already 240's, but if they dump an additional full 50,000 coins at once on bitstamp/finex the price will drop even further. Simple yet people like to remain ignorant to sentiment vs sentiment PLUS actual dump. in last auction nothing happened in the day of the auction. That's a silly statement. Dumps would happen days after the auction. marshalls announce winners, then people have to first receive their coins to their wallet. Then choose exchanges to send the coins to. Then evaluate how many coins they will dump at each price that day, IE is the market absorbing my whole dump? Do I need to sell 100BTC $1 apart? can I sell 200BTC $1 apart? etc. Only the great bearwhale is dumb enough to setup one huge sell wall and all for a price less than market price. He could have easily made an additional 3 million if he planned that maneuver. Do you think draper or the syndicate dumped?
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gentlemand
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February 20, 2015, 12:23:58 AM |
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Are you guys new around here? You can factor in "sentiment" way ahead, but not an actual dump. Price is already 240's, but if they dump an additional full 50,000 coins at once on bitstamp/finex the price will drop even further. Simple yet people like to remain ignorant to sentiment vs sentiment PLUS actual dump.
And did you pay attention to what happened with the previous auctions? Sod all. The last winner was mainly a syndicate of buyers. Chances are it will be again. The likelihood of them acting in unison is nil. I assume the primary attraction for them is being able to buy well away from any shit that exchanges may get up to.
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