gentlemand
Legendary
 Offline
Activity: 2604
Merit: 3089
Welt Am Draht
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November 04, 2015, 10:22:59 PM |
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When people say that no one can control bitcoins price and it's not decentralized, I feell like they are talking shit.
If someone have over 500 btc, they can easily manipulate the market in their advantage, imagine if someone have more than 500 btc, imagine 5000 btc.
No denying that it's a relatively small group of people who are dedicated to batting the price around but you can only sell once. And on days like recent times you'd be a blip in an avalanche of noise with 500 coins. |
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bButtercup
Newbie
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Activity: 28
Merit: 0
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November 04, 2015, 10:24:23 PM |
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When people say that no one can control bitcoins price and it's not decentralized, I feell like they are talking shit.
If someone have over 500 btc, they can easily manipulate the market in their advantage, imagine if someone have more than 500 btc, imagine 5000 btc.
Lets just see where things will go, I think we will get up to around 700-1000$/btc, and that would be very good for those who have hold their bitcoin for a long period of time. I bought some coins one year ago, and never sold any and I am still holding and waiting for a higher price, then I'll decide. But it's been tempeting from time to time, to sell, but then I would of have lost a lot of money.
You still have plenty of time (to lose lots of money, that is). |
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Hyperjacked
Legendary
Offline
Activity: 1624
Merit: 1126
It's all mathematics...!
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November 04, 2015, 10:25:33 PM |
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When people say that no one can control bitcoins price and it's not decentralized, I feell like they are talking shit.
If someone have over 500 btc, they can easily manipulate the market in their advantage, imagine if someone have more than 500 btc, imagine 5000 btc.
Lets just see where things will go, I think we will get up to around 700-1000$/btc, and that would be very good for those who have hold their bitcoin for a long period of time. I bought some coins one year ago, and never sold any and I am still holding and waiting for a higher price, then I'll decide. But it's been tempeting from time to time, to sell, but then I would of have lost a lot of money.
500 btc is pocket change...someday it will not be but for now it is! |
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Tinfoilhatguy
Newbie
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Activity: 1
Merit: 0
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November 04, 2015, 10:25:57 PM |
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why such a buildup before the auction and dump right away? the auction is tomorrow isn't it?
i don't get it. unless the auction has zero influence here
it has zero influence. The auction is abbout 44k coins. Thats less than the average volume of one hour on the markets. It isn't about the 44k coins being auctioned, it's about the government dumping all it's market manipulation coins.. |
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orpington
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November 04, 2015, 10:26:30 PM |
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where's the fucking cavalry?
cavalry was this am! Things can't go up forever... I was sleeping - gotta get some shut-eye in somewhere. Not easy these days. |
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Hyperjacked
Legendary
Offline
Activity: 1624
Merit: 1126
It's all mathematics...!
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November 04, 2015, 10:28:19 PM |
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where's the fucking cavalry?
cavalry was this am! Things can't go up forever... I was sleeping - gotta get some shut-eye in somewhere. Not easy these days. early bird gets the worm...I set my alarm! |
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goldsun
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November 04, 2015, 10:28:54 PM |
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It was just as an example, but with 500 btc u can easily sell, then make the market fall and buy back when the price is lower. If you are working in groups, as those who manipulate the price are, then they will make lots of profit and just manipulate the system as much as possible.
Imo, they are the big early adopters, not someone with 10 bitcoins which they bought for $1 each or so. They are early adopters to, but in a smal amount.
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orpington
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November 04, 2015, 10:30:57 PM |
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where's the fucking cavalry?
cavalry was this am! Things can't go up forever... I was sleeping - gotta get some shut-eye in somewhere. Not easy these days. early bird gets the worm...I set my alarm! Oh well. I better make some coffee... |
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mm5aes
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November 04, 2015, 10:31:35 PM |
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where's the fucking cavalry?
cavalry was this am! Things can't go up forever... I was sleeping - gotta get some shut-eye in somewhere. Not easy these days. Hold on - don't do anything too hasty! have a cup of joe first -- out at 480 looking for a dead cat bounce at 250. |
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Richard Branson
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November 04, 2015, 10:31:46 PM |
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Pump is over for the moment.
Let's hope you locked-in your profits.
Now it's again time to wait and trade wisely.
Bitcoin is fun with 100 BTC to just gamble. Poor beggars with less than 10 BTC.
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Lituation
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November 04, 2015, 10:32:24 PM |
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In other news, on BFX LTC crashed to 3$ and instantly rebounded to 4$, another missed trade, story of my life...
Better than losing money, I guess. Sell high, buy higher, hold when it crashes, story of my life... |
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makeacake
Newbie
Offline
Activity: 42
Merit: 0
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November 04, 2015, 10:33:16 PM |
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where's the fucking cavalry?
cavalry was this am! Things can't go up forever... I was sleeping - gotta get some shut-eye in somewhere. Not easy these days. Don't worry, this is just a bad dream. Don't sell now, whatever you do!! No time to explain, we'll talk more when you wake up. ~A Friend. |
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orpington
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November 04, 2015, 10:34:28 PM |
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where's the fucking cavalry?
cavalry was this am! Things can't go up forever... I was sleeping - gotta get some shut-eye in somewhere. Not easy these days. Don't worry, this is just a bad dream. Don't sell now, whatever you do!! No time to explain, we'll talk more when you wake up. ~A Friend. I suspected this was all just a dream... |
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luigi1111
Legendary
Offline
Activity: 1105
Merit: 1000
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November 04, 2015, 10:35:01 PM |
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When people say that no one can control bitcoins price and it's not decentralized, I feell like they are talking shit.
If someone have over 500 btc, they can easily manipulate the market in their advantage, imagine if someone have more than 500 btc, imagine 5000 btc.
Lets just see where things will go, I think we will get up to around 700-1000$/btc, and that would be very good for those who have hold their bitcoin for a long period of time. I bought some coins one year ago, and never sold any and I am still holding and waiting for a higher price, then I'll decide. But it's been tempeting from time to time, to sell, but then I would of have lost a lot of money.
500 btc is pocket change...someday it will not be but for now it is! LOL good luck "manipulating" the BTC market with 500 only. You'll be firmly and totally ignored. |
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JayJuanGee
Legendary
Offline
Activity: 4200
Merit: 12848
Self-Custody is a right. Say no to "non-custodial"
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November 04, 2015, 10:35:27 PM |
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I am not in coins  So far for a "Legendary trader". Still waiting for that dump bro? Yep... that's a bit ridiculous. |
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nanobtc
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November 04, 2015, 10:35:41 PM |
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Bring back newbie jail.
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Chainsaw
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November 04, 2015, 10:37:24 PM |
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In other news, on BFX LTC crashed to 3$ and instantly rebounded to 4$, another missed trade, story of my life...
Coincident to-the-minute with the 405 bottom for BTC. I learned this painful lesson the hard way - the liquidity of the Litecoin market on Bitfinex is too shallow to take large positions. When you need agility to take advantage of a short-lasting bottom, the slippage on the LTC side is too much to bear. |
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blackshibe
Newbie
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Activity: 53
Merit: 0
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November 04, 2015, 10:38:29 PM |
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They are not done with dumping yet. Just wait.
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bButtercup
Newbie
Offline
Activity: 28
Merit: 0
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November 04, 2015, 10:39:21 PM |
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I am not in coins So far for a "Legendary trader". Still waiting for that dump bro? Yep... that's a bit ridiculous. But getting less ridiculous by the minute  |
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barbs
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November 04, 2015, 10:40:02 PM |
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no way this can go lower.
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