jeezy
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December 22, 2016, 09:49:54 AM |
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This is gentleman
Next 24h critical
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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December 22, 2016, 09:59:52 AM |
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possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange,
Sounds as if you think whales keep the bulk of their coins parked on an exchange? With the propensity of pecuniary pilferers plundering principal, would that not be a particularly problematic proclivity? I generally agree with your description of probable risks. I don't really know what are the practices of whales. I understand that people are different and they have different motives... and different decision making processes, and some folks are more experienced than others, some more risk loving than others and some folks have more cash than others. I also understand that whales will have difficulties bucking momentum in the price direction - and part of the problem with their ability to buck BTC price momentum would be based on how much BTC or fiat they want to keep on exchanges and for how long they want to keep coins on exchanges. Remember a few weeks ago, there was a BTC network spam attack that caused a couple of days for coins to arrive (and would not have mattered if you paid more fees, the transactions were not going through for quite a while), and that could really screw some folks up, if they were hoping to transfer coins in a timely manner in order to take advantage of price movement (or to dump coins to stop the price from going up). I do know that generally people can move coins a lot more quickly than fiat (except for when there is a spam attack on the BTC network that may cause a day or two delay), so I was mostly talking about the extent to which fiat may be kept on an exchange in order to rapidly buy bitcoins or to push up the price based on buying.
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Spaceman_Spiff
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December 22, 2016, 10:14:37 AM Last edit: December 22, 2016, 10:58:41 AM by Spaceman_Spiff |
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possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange,
Sounds as if you think whales keep the bulk of their coins parked on an exchange? With the propensity of pecuniary pilferers plundering principal, would that not be a particularly problematic proclivity? The trick is to transfer to thy trusted Trezor to truly thwart the thieves.
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hv_
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Clean Code and Scale
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December 22, 2016, 10:16:40 AM |
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Anyone have a link to the google docs chart that circulated around in 2014 outlining a standard technology adoption curve and with bitcoins price mapped along side?
There are some threads here. I ve done a simple log log chart normalizing the exponential adoption very good: https://bitcointalk.org/index.php?topic=800330.msg17016542#msg17016542Yes I need to update this and add a proper timescale at bottom...but you can imagine, below 1000 = nothing happened!
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kurious
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December 22, 2016, 10:24:16 AM |
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possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange,
Sounds as if you think whales keep the bulk of their coins parked on an exchange? With the propensity of pecuniary pilferers plundering principal, would that not be a particularly problematic proclivity? Perfectly plausible probability...
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sirazimuth
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born once atheist
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December 22, 2016, 10:27:57 AM |
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possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange,
Sounds as if you think whales keep the bulk of their coins parked on an exchange? With the propensity of pecuniary pilferers plundering principal, would that not be a particularly problematic proclivity? Perfectly plausible probability... potentially, a perfectly plausible probable possibility......ok thats enough
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Raja_MBZ
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December 22, 2016, 11:02:05 AM |
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Bitcoin is definitely going crazy, I sold few of my bitcoins last night which I use for trading, thinking that I will buy some cheap tomorrow morning, but it seems like it has continued its bounce. I don't want bitcoin to bounce when I'm low at it!
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ErisDiscordia
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Imposition of ORder = Escalation of Chaos
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December 22, 2016, 11:14:39 AM |
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Bitcoin is definitely going crazy, I sold few of my bitcoins last night which I use for trading, thinking that I will buy some cheap tomorrow morning, but it seems like it has continued its bounce. I don't want bitcoin to bounce when I'm low at it! Well, here is your chance to rebuy!
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DARKHOLDER
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December 22, 2016, 11:17:54 AM |
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Sell now or cry tomorrow
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kludzins
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December 22, 2016, 11:27:24 AM |
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Sell now or cry tomorrow Relax. Party just started
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LFC_Bitcoin
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#1 VIP Crypto Casino
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December 22, 2016, 11:30:33 AM |
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Bitcoin is definitely going crazy, I sold few of my bitcoins last night which I use for trading, thinking that I will buy some cheap tomorrow morning, but it seems like it has continued its bounce. I don't want bitcoin to bounce when I'm low at it! Bit of a correction going on at the moment brother, what are you waiting for? Opportunity to buy before we resume this relentless charge upwards.
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yefi
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December 22, 2016, 11:47:50 AM |
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LFC_Bitcoin
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December 22, 2016, 11:49:35 AM |
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I think he/she was too busy yesterday with 'Bitcoin Ponzi comes crashing down, epic crash, screws its investors, 2017 crash' type threads
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Globb0
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Free spirit
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December 22, 2016, 11:55:18 AM |
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toknormal
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December 22, 2016, 01:28:27 PM |
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I sold few of my bitcoins last night which I use for trading, thinking that I will buy some cheap tomorrow morning I always wondered what possesses people to do that. This isn't just some minor "rise". This is a 3 YEAR consolidation concluding in a strategic breakout to the upside. It might not correct now till the mid 1000's (i.e. $1500) and thats being conservative IMO. When you look at historical breakouts after long periods of consolidation it should go to around $6000, correct back to $2000 than stabilise around $3000. I've no idea any more than the next person where this is going but it's probably the least profitable time in history to be dumping or shorting bitcoin IMO Not to mention that there are ETF's in the works, Lightning news to come new adoption from the capitalisation etc. I'd say, if you've got it, hang onto it !
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Torque
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December 22, 2016, 03:06:53 PM |
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Looks like open highway to $900. Will have to see if the Jews try to implode it and form a double top in the $1000s or if they want to force people into bitcoin instead of gold and silver and thus allow it to keep going to the moon. Silver market is not much bigger than bitcoin so at some point they're either coming after bitcoin too, or they'll want everyone in bitcoin instead since it's easier to regulate and tax.
Yes but in order to control bitcoin, they first need a ETF/derivatives market for bitcoin so they can inflate the crap out of it and gain control of all the levers. But no real such market for bitcoin really exists yet. So the best they can do is slow down the growth of bitcoin. And the best way to do that? Pump it to the moon, then crash it. Makes people stay away for a while.
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European Central Bank
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December 22, 2016, 03:19:24 PM |
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Isn't it easier to keep it permanently suppressed?
If you initiate a bubble it's hard to know where it might end.
Utter boredom is better at wiping out hope than a crash.
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Spaceman_Spiff
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December 22, 2016, 03:26:06 PM |
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Consolidating for a day seems in order.
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Torque
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December 22, 2016, 03:32:37 PM Last edit: December 22, 2016, 03:59:22 PM by Torque |
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Isn't it easier to keep it permanently suppressed?
In order to keep it suppressed, you have to continually short with huge amounts of margin. And if you are doing that, that money is not growing, it's being burned when it could be invested elsewhere. The wealthy are *always* seeking a positive return on their money, even if it is like 1%. Because 1% per year of a billion dollars is still a lot of gain. Also remember that the combined purchasing power of an exponentially-growing base of long investors will eventually overpower a smaller pool of shorts. When liquidity starts to dry up, that's when significant short squeezing can occur.
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JimboToronto
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You're never too old to think young.
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December 22, 2016, 04:32:38 PM |
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Good morning ladies and gentlemen of Bitcoinland.
I see we had our first real correction/profit-taking since passing passing $800 and it was pretty lame.
We're almost all the way back to where we were when I went to bed... $868USD at Bitcoinaverage.
This bull run doesn't want to quit just yet.
Keep on rollin'.
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