OldGeek
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 06:43:05 AM |
|
With each new day I see less and less chance for price to significantly drop. Only some very negative news could do it, the buying pressure just absorbs any dump, and bid walls keep building.
What would you consider significant, seleme?
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 06:50:47 AM |
|
I have some 7970's with the same problem I think, can't mine litecoins for shit, but they did just fine on bitcoin for almost 2 years. thanks for the heads up, I'm gonna try deepbit again, or maybe just sha-256 altcoins?
multipool switch-mines btc and alts selected by return in btc terms. why not multipool? sorry for the OT, but in this thread...
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 06:53:15 AM |
|
Oh my good the bulls have drank mana potion and grown giant flaming horns. $100,000 in August folks...
Single digits by Friday. I didn't realize that lemniscate was considered a digit.
|
|
|
|
OldGeek
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 06:59:28 AM |
|
Oh my good the bulls have drank mana potion and grown giant flaming horns. $100,000 in August folks...
Single digits by Friday. I didn't realize that lemniscate was considered a digit. lol "lēmniscātus" one of my lost memories. Well done.
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:01:02 AM |
|
With each new day I see less and less chance for price to significantly drop. Only some very negative news could do it, the buying pressure just absorbs any dump, and bid walls keep building.
What would you consider significant, seleme? 600s would be significant these days.
|
|
|
|
OldGeek
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:02:12 AM |
|
So, my question remains. Where will all the coins come from to support a huge increase in the price?
It doesn't take any coins to change the price, all it takes is for nobody to offer to sell under $1000. 100% agree with that. But that isn't support. If nobody sells we don't have a market.
|
|
|
|
Voodah
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:04:53 AM |
|
With each new day I see less and less chance for price to significantly drop. Only some very negative news could do it, the buying pressure just absorbs any dump, and bid walls keep building.
Lets revisit this once there is a 50k dump. I was thinking about this the other day. I doubt we're gonna see a 50k coin dump ever again. The market has matured. People with that amount of coins know they can get easily get a better OTC deal these days.
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:05:40 AM |
|
With each new day I see less and less chance for price to significantly drop. Only some very negative news could do it, the buying pressure just absorbs any dump, and bid walls keep building.
Lets revisit this once there is a 50k dump. 50k dump doesn't happen without significant (yes,yes, I used it again) negative event. Why would anyone dump that amount of coins at this point or any other amount that would trigger a sale of that size when he can dump 3-4k from time to time and watch bids built to the top where he started in few hours. 5k dumped yesterday and look where we are now, higher than before it was dumped, buying pressure is just there. I have nice % in fiat and I would love it to fail a bit but it's just not happening..
|
|
|
|
lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:08:36 AM |
|
I doubt we're gonna see a 50k coin dump ever again.
thats why I posted that silly gif. We wont see that again.
|
|
|
|
TERA
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:10:12 AM |
|
You're all so sure of yourselves as if your optimisms are facts. Meanwhile the whales could feel like they are playing Jenga with btc and it is a big stalemate.
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:11:17 AM |
|
I doubt we're gonna see a 50k coin dump ever again.
The market has matured. People with that amount of coins know they can get easily get a better OTC deal these days.
I'm just assuming here, but I am assuming that order sizes above a certain threshold are approximately exponentially distributed. We've seen 4k dumped more than once in the past day or two. I think we're going to see a 50k dump (without doing the math here, which is notionally trivial, but I can't be bothered to do it ATM) certainly within the month, feasibly any day. Um, to me stacking orders of 200 every 5USD to a depth of 4k on each of two exchanges qualifies as a dump. Others may use the word with more rigor, e.g. to mean an atomic market order (OMG the very thought makes me weep for the fool) or at least a near-market limit order.
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:19:28 AM |
|
You're all so sure of yourselves as if your optimisms are facts. Meanwhile the whales could feel like they are playing Jenga with btc and it is a big stalemate.
Talking your book is a form of intellectual honesty. I respect that. But "could" is emotional FUD land, while facts and logic create "optimisms". I find it very difficult to make price-bear cases on the basis of facts and logic, easy to make price-bull cases. I won't detail the reasons which have been addressed elsewhere as I'm not trying to convince on that point. But, and here is the point of this post, or will be eventually, if I ever terminate the meta-narrative component, I am deeply puzzled by the volatility-bearish nature of this thread recently. I remain deeply volatility-bullish. If I could buy BTC vol, given the sentiments expressed here, I suspect I could get it for CHEAP!
|
|
|
|
Peter R
Legendary
Offline
Activity: 1162
Merit: 1007
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:19:50 AM |
|
I doubt we're gonna see a 50k coin dump ever again.
The market has matured. People with that amount of coins know they can get easily get a better OTC deal these days.
I'm just assuming here, but I am assuming that order sizes above a certain threshold are approximately exponentially distributed. We've seen 4k dumped more than once in the past day or two. I think we're going to see a 50k dump (without doing the math here, which is notionally trivial, but I can't be bothered to do it ATM) certainly within the month, feasibly any day. I agree with Voodah that the market has matured and that 50k dumps are much less probably, but I also agree with aminorex that they are still certainly possible and that we should in fact expect one eventually. It takes a fairly sophisticated individual to arrange a OTC deal with a Wall Street hedge fund or Chinese tycoon. There *must* still be early miners, maybe 23 years old, completely mind-blown by the fact that they have $80,000,000 in bitcoins. Eventually one of them just says, "I'm getting the fuck out of Dodge" and does something stupid.
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:20:37 AM |
|
China wants to move down, bitstamp wants to move down. Just the goxians are clinging to the cliff what will happen?
|
|
|
|
TERA
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:21:41 AM |
|
These are not deep books or 'big walls' either - these are thin. Even if you combined bitstamp and mtgox, if you were to see books this thin any time before October, you would know for sure that a drop was coming. But now we are in some new paradigm of thinking where we don't need deep books and the majority of the volume is done in offline whale transactions and in China. Meanwhile there is no real proof of exactly how much this is occuring.
|
|
|
|
F-bernanke
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:22:46 AM |
|
So, my question remains. Where will all the coins come from to support a huge increase in the price?
It doesn't take any coins to change the price, all it takes is for nobody to offer to sell under $1000. 100% agree with that. But that isn't support. If nobody sells we don't have a market. Thats a market, a market around $1000 to be precise. it's all about supply/demand, no supply of coins, higher demand = higher price.
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:23:50 AM |
|
I doubt we're gonna see a 50k coin dump ever again.
The market has matured. People with that amount of coins know they can get easily get a better OTC deal these days.
I'm just assuming here, but I am assuming that order sizes above a certain threshold are approximately exponentially distributed. We've seen 4k dumped more than once in the past day or two. I think we're going to see a 50k dump (without doing the math here, which is notionally trivial, but I can't be bothered to do it ATM) certainly within the month, feasibly any day. I agree with Voodah that the market has matured and that 50k dumps are much less probably, but I also agree with aminorex that they are still certainly possible and that we should in fact expect one eventually. It takes a fairly sophisticated individual to arrange a OTC deal with a Wall Street hedge fund or Chinese tycoon. There *must* still be early miners, maybe 23 years old, completely mind-blown by the fact that they have $80,000,000 in bitcoins. Eventually one of them just says, "I'm getting the fuck out of Dodge" and does something stupid. A friendly reminder about how reality looks like: http://buttcoin.org/easy-like-sunday-morning
|
|
|
|
TERA
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:30:15 AM |
|
I doubt we're gonna see a 50k coin dump ever again.
The market has matured. People with that amount of coins know they can get easily get a better OTC deal these days.
I'm just assuming here, but I am assuming that order sizes above a certain threshold are approximately exponentially distributed. We've seen 4k dumped more than once in the past day or two. I think we're going to see a 50k dump (without doing the math here, which is notionally trivial, but I can't be bothered to do it ATM) certainly within the month, feasibly any day. I agree with Voodah that the market has matured and that 50k dumps are much less probably, but I also agree with aminorex that they are still certainly possible and that we should in fact expect one eventually. It takes a fairly sophisticated individual to arrange a OTC deal with a Wall Street hedge fund or Chinese tycoon. There *must* still be early miners, maybe 23 years old, completely mind-blown by the fact that they have $80,000,000 in bitcoins. Eventually one of them just says, "I'm getting the fuck out of Dodge" and does something stupid. A friendly reminder about how reality looks like: http://buttcoin.org/easy-like-sunday-morningWhat a sad story. My Bitstamp withdrawals have been working just fine. Where is this guy selling the half price bitcoins? I would like to meet go meet him.
|
|
|
|
Peter R
Legendary
Offline
Activity: 1162
Merit: 1007
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:31:03 AM |
|
I doubt we're gonna see a 50k coin dump ever again.
The market has matured. People with that amount of coins know they can get easily get a better OTC deal these days.
I'm just assuming here, but I am assuming that order sizes above a certain threshold are approximately exponentially distributed. We've seen 4k dumped more than once in the past day or two. I think we're going to see a 50k dump (without doing the math here, which is notionally trivial, but I can't be bothered to do it ATM) certainly within the month, feasibly any day. I agree with Voodah that the market has matured and that 50k dumps are much less probably, but I also agree with aminorex that they are still certainly possible and that we should in fact expect one eventually. It takes a fairly sophisticated individual to arrange a OTC deal with a Wall Street hedge fund or Chinese tycoon. There *must* still be early miners, maybe 23 years old, completely mind-blown by the fact that they have $80,000,000 in bitcoins. Eventually one of them just says, "I'm getting the fuck out of Dodge" and does something stupid. no one is going to dump 50k btc on the open market not expecting to get the fait 50k is extreme--the point is that big dumps are always possible for a variety of reasons.
|
|
|
|
Peter R
Legendary
Offline
Activity: 1162
Merit: 1007
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 02, 2014, 07:36:36 AM |
|
I doubt we're gonna see a 50k coin dump ever again.
The market has matured. People with that amount of coins know they can get easily get a better OTC deal these days.
I'm just assuming here, but I am assuming that order sizes above a certain threshold are approximately exponentially distributed. We've seen 4k dumped more than once in the past day or two. I think we're going to see a 50k dump (without doing the math here, which is notionally trivial, but I can't be bothered to do it ATM) certainly within the month, feasibly any day. I agree with Voodah that the market has matured and that 50k dumps are much less probably, but I also agree with aminorex that they are still certainly possible and that we should in fact expect one eventually. It takes a fairly sophisticated individual to arrange a OTC deal with a Wall Street hedge fund or Chinese tycoon. There *must* still be early miners, maybe 23 years old, completely mind-blown by the fact that they have $80,000,000 in bitcoins. Eventually one of them just says, "I'm getting the fuck out of Dodge" and does something stupid. no one is going to dump 50k btc on the open market not expecting to get the fait 50k is extreme--the point is that big dumps are always possible for a variety of reasons. no it is not, unless the exchange is doing it I'm sorry Goat, I don't think I understood your last two posts. What did you mean "no one is going to dump 50k btc on the open market not expecting to get the fait"? And what did you mean that 50k is not extreme "unless the exchange is doing it?"
|
|
|
|
|