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December 22, 2013, 08:15:03 PM |
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Someone needs to develop more believable FUD to drive the price down so we can buy some cheap coins.
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Peter R
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December 22, 2013, 08:36:55 PM |
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pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?
I agree. It is more likely that these coins were sold privately. You don't just dump 1% of the outstanding bitcoins on BitStamp (or cavirtex ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) ). We've all seen how large sell orders can drive down the price, but remember, if big players want to get into this game, they must be very worried about driving up the price too high before establishing a position commensurate with their wealth And there are *very* big players waking up to the possibilities of bitcoin. Take Vladimir Putin, with a potential net worth between $40 - $70 billion ( http://www.thebureauinvestigates.com/2012/04/19/putin-the-richest-man-on-earth/). Just think how difficult it would be for him to buy up 1% of the outstanding bitcoins (which is only ~0.1-0.2% of his net worth!). He would need to cut deals with early adopters holding large numbers of coins. I also bet he is paying *more* than the market value. (Of course, Putin is probably not buying; the point is that there are at least a few rich billionaires who are.)
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QuestionAuthority
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December 22, 2013, 08:38:40 PM |
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pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?
I agree. It is more likely that these coins were sold privately. You don't just dump 1% of the outstanding bitcoins on BitStamp (or cavirtex ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) ). We've all seen how large sell orders can drive down the price, but remember, if big players want to get into this game, they must be very worried about driving up the price too high before establishing a position commensurate with their wealth And there are *very* big players waking up to the possibilities of bitcoin. Take Vladimir Putin, with a potential net worth between $40 - $70 billion ( http://www.thebureauinvestigates.com/2012/04/19/putin-the-richest-man-on-earth/). Just think how difficult it would be for him to buy up 1% of the outstanding bitcoins (which is only ~0.1-0.2% of his net worth!). He would need to cut deals with early adopters holding large numbers of coins. I also bet he is paying *more* than the market value. (Of course, Putin is probably not buying; the point is that there are at least a few rich billionaires who are.) Tits or GTFO
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Peter R
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December 22, 2013, 08:42:04 PM |
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pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?
I agree. It is more likely that these coins were sold privately. You don't just dump 1% of the outstanding bitcoins on BitStamp (or cavirtex ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) ). We've all seen how large sell orders can drive down the price, but remember, if big players want to get into this game, they must be very worried about driving up the price too high before establishing a position commensurate with their wealth And there are *very* big players waking up to the possibilities of bitcoin. Take Vladimir Putin, with a potential net worth between $40 - $70 billion ( http://www.thebureauinvestigates.com/2012/04/19/putin-the-richest-man-on-earth/). Just think how difficult it would be for him to buy up 1% of the outstanding bitcoins (which is only ~0.1-0.2% of his net worth!). He would need to cut deals with early adopters holding large numbers of coins. I also bet he is paying *more* than the market value. (Of course, Putin is probably not buying; the point is that there are at least a few rich billionaires who are.) Tits or GTFO So you think it is more likely that not a single billionaire in the entire world has taken a position in bitcoin, despite all the news and excitement? Isn't Richard Branson a billionaire? I think we have evidence that he holds some coins.
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QuestionAuthority
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December 22, 2013, 08:46:11 PM |
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pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?
I agree. It is more likely that these coins were sold privately. You don't just dump 1% of the outstanding bitcoins on BitStamp (or cavirtex ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) ). We've all seen how large sell orders can drive down the price, but remember, if big players want to get into this game, they must be very worried about driving up the price too high before establishing a position commensurate with their wealth And there are *very* big players waking up to the possibilities of bitcoin. Take Vladimir Putin, with a potential net worth between $40 - $70 billion ( http://www.thebureauinvestigates.com/2012/04/19/putin-the-richest-man-on-earth/). Just think how difficult it would be for him to buy up 1% of the outstanding bitcoins (which is only ~0.1-0.2% of his net worth!). He would need to cut deals with early adopters holding large numbers of coins. I also bet he is paying *more* than the market value. (Of course, Putin is probably not buying; the point is that there are at least a few rich billionaires who are.) Tits or GTFO So you think it is more likely that not a single billionaire in the entire world has taken a position in bitcoin, despite all the news and excitement? Isn't Richard Branson a billionaire? I think we have evidence that he holds some coins. I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.
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arklan
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December 22, 2013, 08:52:37 PM |
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well, we know richard branson is in support of bitcoin - he's pretty fricking wealthy ain't he? billions though, i don't know.
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Xiaoxiao
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December 22, 2013, 08:55:51 PM |
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Dump on gox?
The darkness has begun.... ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww3.images.coolspotters.com%2Fphotos%2F228688%2Fgordon-gekko-profile.jpg&t=665&c=TnHFjXZI0v5BPA)
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Peter R
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December 22, 2013, 08:59:36 PM |
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I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.
In the spirit of our "speculation sub-forum," indeed I have no proof. And yes, I should have written "the point is that there are at least a few rich billionaires who could very well be buying. The point of my post was to show the difficultly in buying up *large* amounts of coins without driving the price through the stratosphere. I used Putin as an example because only 0.1-0.2% of his estimated net worth is already 1% of the bitcoin market! I agree that billionaires benefit from the status quo. But I also believe that billionaires will hedge their bets so that they can retain their wealth through turbulent times. What's interesting is that this "hedging" process can really shoot up the price and make bitcoin more likely to succeed.
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elg
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December 22, 2013, 09:00:56 PM |
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@slave size is the number of coins....
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QuestionAuthority
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December 22, 2013, 09:02:55 PM |
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I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.
In the spirit of our "speculation sub-forum," indeed I have no proof. And yes, I should have written "the point is that there are at least a few rich billionaires who could very well be buying. The point of my post was to show the difficultly in buying up *large* amounts of coins without driving the price through the stratosphere. I used Putin as an example because only 0.1-0.2% of his estimated net worth is already 1% of the bitcoin market! I agree that billionaires benefit from the status quo. But I also believe that billionaires will hedge their bets so that they can retain their wealth through turbulent times. What's interesting is that this "hedging" process can really shoot up the price and make bitcoin more likely to succeed. Ok I like the edited form. I can agree with that.
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rpietila
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December 22, 2013, 09:10:25 PM |
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Does not look too rosy for bulls now... My final speculation before Christmas is that we will see quite low prices (already) before New Year's. Merry Christmas/Xmas/Holidays everyone! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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gandhibt
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December 22, 2013, 09:10:35 PM |
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wonder how big % of those walls are fake, so many of them always vanish when price gets closer
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QuestionAuthority
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December 22, 2013, 09:11:54 PM |
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pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?
I agree. It is more likely that these coins were sold privately. You don't just dump 1% of the outstanding bitcoins on BitStamp (or cavirtex ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) ). We've all seen how large sell orders can drive down the price, but remember, if big players want to get into this game, they must be very worried about driving up the price too high before establishing a position commensurate with their wealth And there are *very* big players waking up to the possibilities of bitcoin. Take Vladimir Putin, with a potential net worth between $40 - $70 billion ( http://www.thebureauinvestigates.com/2012/04/19/putin-the-richest-man-on-earth/). Just think how difficult it would be for him to buy up 1% of the outstanding bitcoins (which is only ~0.1-0.2% of his net worth!). He would need to cut deals with early adopters holding large numbers of coins. I also bet he is paying *more* than the market value. (Of course, Putin is probably not buying; the point is that there are at least a few rich billionaires who are.) Tits or GTFO So you think it is more likely that not a single billionaire in the entire world has taken a position in bitcoin, despite all the news and excitement? Isn't Richard Branson a billionaire? I think we have evidence that he holds some coins. I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin. interest in status quo bc status quo is in their best interests. there is an albeit small possibility status quo may begin to fail in that regard, perhaps already has started. the hedged and exploratory position or mere interest can quickly snowball. The Bitcoin market is a flea on an elephants ass currently. Small fish (the winklevoss douches) that want to be big fish are buying in because they need a speculative monster to advance quick enough to be able to enjoy their great wealth before the age that their dicks shrivel into an unusable Vienna sausage.
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HairyMaclairy
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December 22, 2013, 09:12:37 PM |
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If Satoshi is exiting perhaps we should pay attention.
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gandhibt
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December 22, 2013, 09:13:54 PM |
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Does not look too rosy for bulls now... My final speculation before Christmas is that we will see quite low prices (already) before New Year's. Merry Christmas/Xmas/Holidays everyone! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) u2, this coming dip is a nice christmas present ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Peter R
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December 22, 2013, 09:15:34 PM |
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I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.
interest in status quo bc status quo is in their best interests. there is an albeit small possibility status quo may begin to fail in that regard, perhaps already has started. the hedged and exploratory position or mere interest can quickly snowball. Exactly 2017orso. What is so interesting about bitcoin is that every rational person (even those who despise bitcoin) should take at least a small position (WRT net worth) in bitcoin "just in case." But this "hedging" pushes up price, increases media exposure / public awareness, which leads to more hedging, and on and on.
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Rampion
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December 22, 2013, 09:17:47 PM |
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If Satoshi is exiting perhaps we should pay attention.
We are.
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windjc
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December 22, 2013, 09:19:59 PM |
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If Satoshi is exiting perhaps we should pay attention.
We are. Yep. Now that Satoshi is cashing out and leaving Bitcoin behind, we can start fresh with new leadership and coins worth less than $1. Then, in 5 years, when we are back at $600, we will all be wealthy. Awesome plan.
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Peter R
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December 22, 2013, 09:20:41 PM |
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The Bitcoin market is a flea on an elephants ass currently. Small fish (the winklevoss douches) that want to be big fish are buying in...
The Winklevoss are also young and have time to grow into very big fishes. Remember, the wealth held by those in their 50s, 60s and 70s must be passed down to the younger generation. Bitcoin is one possible mechanism to facilitate this. A lot can happen in a generation.
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vpk
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December 22, 2013, 09:24:02 PM |
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The Bitcoin market is a flea on an elephants ass currently. Small fish (the winklevoss douches) that want to be big fish are buying in...
The Winklevoss are also young and have time to grow into very big fishes. Remember, the wealth held by those in their 50s, 60s and 70s must be passed down to the younger generation. Bitcoin is one possible mechanism to facilitate this. A lot can happen in a generation. That passing of wealth with Bitcoin is a very interesting idea...a lot of interesting tax possibilities also.
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