DougTanner
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April 24, 2013, 06:49:17 PM |
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Still some big sells going on. Whoever is doing this is waiting for the triangles to close then re-dumping.
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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April 24, 2013, 06:49:32 PM |
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According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
You should know that means nothing. FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things. Imagine satoshi decides to cash out the 1M BTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0. If he is smart enough to invent bitcoins, he is smart enough to sell responsibly. I believe. Well, I would be more confortable if he would have moved some coins, gradually. He never moved A SINGLE COIN according to the blockchain. Not even at the peak of 2011 bubble, not even at $200 BTC/USD. Frankly, people sees this as "this guy really believes in BTC potential!", but sometimes that just makes me doubt of his sanity. If he never moved a single coin in all his life, he is very well capable of dumping them suddenly. That's how I see it, and many times I think that he will destroy what he created in that way. And remember that nobody can wait forever to be filthy rich. Hope it's just a nightmare tough What are his addresses for you to make such affirmations? since the april 11 crash,there's a regular 3-5k sell order practically everyday,i would believe its satoshi.. Well, you know blockchain is public. There have been many studies about the coins mined early, for which a huge part never moved (more than 60%). The coins never moved where mined in 2009 and 2010, and from pattern analysis looks they are all Satoshi's. Just check one of the many analysis that support this theory: https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 24, 2013, 06:54:02 PM |
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Still some big sells going on. Whoever is doing this is waiting for the triangles to close then re-dumping. this bear is suicidal...
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DougTanner
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April 24, 2013, 06:55:40 PM |
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Still some big sells going on. Whoever is doing this is waiting for the triangles to close then re-dumping.
this bear is suicidal... Maybe just someone trying to cool the market down a bit to prevent another bubble.
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Rockford
Member
Offline
Activity: 87
Merit: 10
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April 24, 2013, 06:57:41 PM |
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According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
You should know that means nothing. FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things. Imagine satoshi decides to cash out the 1M BTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0. If he is smart enough to invent bitcoins, he is smart enough to sell responsibly. I believe. Well, I would be more confortable if he would have moved some coins, gradually. He never moved A SINGLE COIN according to the blockchain. Not even at the peak of 2011 bubble, not even at $200 BTC/USD. Frankly, people sees this as "this guy really believes in BTC potential!", but sometimes that just makes me doubt of his sanity. If he never moved a single coin in all his life, he is very well capable of dumping them suddenly. That's how I see it, and many times I think that he will destroy what he created in that way. And remember that nobody can wait forever to be filthy rich. Hope it's just a nightmare tough hm ..not sure about this. if I put myself in his/their position I would rather think that every move I made with my BTC would more likely be percieved as an unnatural event and cause negative assumptions. I think staying low-key is the best he/they can do, because it changes nothing. and we don't know anything about him, so no need to think he needs/wants to cash out, especially when his idea implies that you can purchase everything in BTC in the future. also...who says, he just owns one wallet
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Brushan
Member
Offline
Activity: 224
Merit: 10
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April 24, 2013, 07:00:09 PM |
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According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.
You should know that means nothing. FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things. Imagine satoshi decides to cash out the 1M BTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0. If he is smart enough to invent bitcoins, he is smart enough to sell responsibly. I believe. Well, I would be more confortable if he would have moved some coins, gradually. He never moved A SINGLE COIN according to the blockchain. Not even at the peak of 2011 bubble, not even at $200 BTC/USD. Frankly, people sees this as "this guy really believes in BTC potential!", but sometimes that just makes me doubt of his sanity. If he never moved a single coin in all his life, he is very well capable of dumping them suddenly. That's how I see it, and many times I think that he will destroy what he created in that way. And remember that nobody can wait forever to be filthy rich. Hope it's just a nightmare tough What are his addresses for you to make such affirmations? since the april 11 crash,there's a regular 3-5k sell order practically everyday,i would believe its satoshi.. Well, you know blockchain is public. There have been many studies about the coins mined early, for which a huge part never moved (more than 60%). The coins never moved where mined in 2009 and 2010, and from pattern analysis looks they are all Satoshi's. Just check one of the many analysis that support this theory: https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/Maybe he just lost the wallets? I think most of his coins are lost. Even if they aren't he's in a tough spot. Bitcoin price can crash just by people noticing that early mined coins are moving. He won't even have time to send them to MtGox.
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SAQ
Newbie
Offline
Activity: 56
Merit: 0
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April 24, 2013, 07:00:51 PM |
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Still some big sells going on. Whoever is doing this is waiting for the triangles to close then re-dumping.
this bear is suicidal... Maybe just someone trying to cool the market down a bit to prevent another bubble. Or maybe fear is taking hold. No one wants to repeat the hold at 266 mistake.
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Slix
Newbie
Offline
Activity: 49
Merit: 0
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April 24, 2013, 07:04:23 PM |
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Still some big sells going on. Whoever is doing this is waiting for the triangles to close then re-dumping.
this bear is suicidal... Maybe just someone trying to cool the market down a bit to prevent another bubble. Or maybe fear is taking hold. No one wants to repeat the hold at 266 mistake. Freaking weak hands... Edit: I didn't mean you... I meant the panic sellers. lol
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hubbabubbabaker
Member
Offline
Activity: 98
Merit: 10
Sometimes - history needs a push.
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April 24, 2013, 07:06:33 PM |
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Still some big sells going on. Whoever is doing this is waiting for the triangles to close then re-dumping.
this bear is suicidal... Maybe just someone trying to cool the market down a bit to prevent another bubble. Or maybe fear is taking hold. No one wants to repeat the hold at 266 mistake. 166 is the new 266. Keep panic selling baby.
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michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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April 24, 2013, 07:08:51 PM |
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clearly these are people who own a computer and some money and don't have much more to do with their time than click buy or sell on gox. it's not like they can take their money out of there anyways... this is why bitcoin will forever be unstable ...everyone gets stuck in gox forever in an endless loop of buy and sell until gox shaves their fiat and coins down to infintesimal sizes that can't be traded or withdrawn, then keeps those too
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awakening
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April 24, 2013, 07:11:01 PM |
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Satoshi is dead. And the 1 million BTCs are in a HD dumped in the garbage. I will give you the map if this wallet reachs 100BTC 1A4ECvX5x7CfY8tbj3SnToco8BzuiFiEjg Really It's just that I can't move from my house because I'm very fat.
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Nightowlace
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April 24, 2013, 07:14:29 PM |
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My theory on Satoshi and (his/her/their) coins is this. Satoshi obviously is well equipped with a brilliant mind. If Satoshi can develop something like Bitcoin and potentially start a currency revolution I am sure Satoshi also has the ability to land a pretty well paying fiat currency job to support any of his fiat needs. Lets assume if you are Satoshi and you believe in your work 100% then their would never be any point in selling. You believe this is the future of currency and you own 1,000,000 coins. When/if this does become the standard way to buy/sell/trade/and get paid Satoshi would then truly be the wealthiest person(s) in the world.
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zarl
Member
Offline
Activity: 70
Merit: 10
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April 24, 2013, 07:15:50 PM |
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Satoshi is dead. And the 1 million BTCs are in a HD dumped in the garbage. I will give you the map if this wallet reachs 100BTC 1A4ECvX5x7CfY8tbj3SnToco8BzuiFiEjg Really It's just that I can't move from my house because I'm very fat. Send me 100btc + map Then i pick it up for your fat ass And we split 60/40 in my favor
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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April 24, 2013, 07:20:38 PM |
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I think today could have been the event horizon for me, I am still evaluating my experience over a good meal and wine. Will be back soon.
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Nightowlace
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April 24, 2013, 07:20:45 PM |
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Satoshi is dead. And the 1 million BTCs are in a HD dumped in the garbage. I will give you the map if this wallet reachs 100BTC 1A4ECvX5x7CfY8tbj3SnToco8BzuiFiEjg Really It's just that I can't move from my house because I'm very fat. Send me 100btc + map Then i pick it up for your fat ass And we split 60/40 in my favor Dido, but I will give you 60 and take the 40
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cedivad
Legendary
Offline
Activity: 1176
Merit: 1001
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April 24, 2013, 07:21:36 PM |
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Have you seen the volume? 160k BTC in the last 3 hours.
Extremely bullish imo.
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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April 24, 2013, 07:23:47 PM |
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Very large volumes being traded, there's a big war ongoing between bulls and bears..ouch
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 24, 2013, 07:26:16 PM |
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Have you seen the volume? 160k BTC in the last 3 hours.
Extremely bullish imo.
vol. Vs price movements looks crazy bullish to me. i'm starting to think the more they sell the more powerful the rally will be.
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Nightowlace
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April 24, 2013, 07:33:21 PM |
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What's everyone's buy price right now? I'm thinking $142
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awakening
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April 24, 2013, 07:33:27 PM |
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Satoshi is dead. And the 1 million BTCs are in a HD dumped in the garbage. I will give you the map if this wallet reachs 100BTC 1A4ECvX5x7CfY8tbj3SnToco8BzuiFiEjg Really It's just that I can't move from my house because I'm very fat. Send me 100btc + map Then i pick it up for your fat ass And we split 60/40 in my favor Where I have to send it ?
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