macsga
Legendary
 Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 17, 2014, 08:58:24 PM |
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Much doge. Such bark.  |
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alexeft
Legendary
Offline
Activity: 854
Merit: 1000
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January 17, 2014, 09:00:34 PM |
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Chancellor
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January 17, 2014, 09:01:52 PM |
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I've decided I'm not smart enough for trading. Sold all, fiat withdrawal pending.
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ChartBuddy
Legendary
 Online
Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 17, 2014, 09:02:48 PM |
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Chancellor
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January 17, 2014, 09:05:54 PM |
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I've decided I'm not smart enough for trading. Sold all, fiat withdrawal pending.
you failed hard at HOLD! True, but not 100%. I still have 0.9 mBTC in cold storage  |
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T.Stuart
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January 17, 2014, 09:06:56 PM |
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I've decided I'm not smart enough for trading. Sold all, fiat withdrawal pending.
you failed hard at HOLD! And this is a very soft sell! |
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NewLiberty
Legendary
Offline
Activity: 1204
Merit: 1002
Gresham's Lawyer
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January 17, 2014, 09:14:09 PM |
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This "capitulation" has got absolutely no conviction. And as the days countdown to 31 January and nothing happens, people wanting to buy in but waiting for the China crash are going to start getting twitchy!  any action is more likely to be during the week of Feb 10. Great, that will move the Bitcoin 1K party into the spring when it is warmer. |
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versace
Newbie
Offline
Activity: 42
Merit: 0
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January 17, 2014, 09:14:29 PM |
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stamp looks like it's beginning to rebound
and as always, HODL
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T.Stuart
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January 17, 2014, 09:15:58 PM |
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This "capitulation" has got absolutely no conviction. And as the days countdown to 31 January and nothing happens, people wanting to buy in but waiting for the China crash are going to start getting twitchy! any action is more likely to be during the week of Feb 10. Why do you think? |
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MAbtc
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January 17, 2014, 09:17:03 PM |
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This "capitulation" has got absolutely no conviction.
We are nowhere near capitulation. |
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virtualfaqs
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January 17, 2014, 09:18:02 PM |
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There is an overstock of coins right now.  It's going to be interesting to find out if overstock are able to hedge against the volatility. If they are able to, then maybe there's hope for a larger adoption of bitcoin. If not, and they end up with a significant loss, instead of the small gains they expected, the signal will be bearish. You are aware they are selling their coins, right? They ought to. They have to pay their suppliers with fiat money; what else could they do? I strongly believe though that they don't give up all their income in btc... It's not wise, nor profitable.  Bitpay gets the coins, Overstock gets the lower transaction cost. And Bitpay they are better suited to manage the risk of hodling or dupming. Wait for the volume, don't buy until you see the whites of their eyes. (or at least until after my limit orders all hit) Yes. That's practically every major retailer so far. I wonder what the biggest retailer to outright accept BTC without a payment processor. Anyone know? |
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T.Stuart
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January 17, 2014, 09:20:15 PM |
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This "capitulation" has got absolutely no conviction.
We are nowhere near capitulation. Give us a rough time then |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
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January 17, 2014, 09:20:32 PM |
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I wonder what the biggest retailer to outright accept BTC without a payment processor. Anyone know?
Your momma? Honestly, I tried to resist. |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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January 17, 2014, 09:22:36 PM |
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Overstock is using Coinbase, NOT Bitpay, Geniuses.
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deadfi$h
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January 17, 2014, 09:24:39 PM |
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Feels good to sit 100% fiat until the sleeping dragon awakes. I'm guessing selling should resume in about 3 hours.
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MAbtc
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January 17, 2014, 09:28:23 PM |
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This "capitulation" has got absolutely no conviction.
We are nowhere near capitulation. Give us a rough time then This perspective is not largely based on time. No estimate within reasonable accuracy. |
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Richy_T
Legendary
Offline
Activity: 2604
Merit: 2298
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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January 17, 2014, 09:28:34 PM |
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Thus I expect that they will auction the SilkRoad stash in largish lots (just small enough to have competitive auctions), and let the market do whatever it will do.
The US Govt should just hold for a few years and then they can just switch seamlessly from $ to BTC when the time comes. |
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T.Stuart
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January 17, 2014, 09:29:56 PM |
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This "capitulation" has got absolutely no conviction.
We are nowhere near capitulation. Give us a rough time then This perspective is not largely based on time. No estimate within reasonable accuracy. Well then how can you say we are nowhere near? |
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Tzupy
Legendary
Offline
Activity: 2170
Merit: 1094
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January 17, 2014, 09:30:58 PM |
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There is an overstock of coins right now. It's going to be interesting to find out if overstock are able to hedge against the volatility. If they are able to, then maybe there's hope for a larger adoption of bitcoin. If not, and they end up with a significant loss, instead of the small gains they expected, the signal will be bearish. You are aware they are selling their coins, right? Is the selling instant? Don't they have to transfer the coins, and get the desired price, which may take some time? In the meantime, during a sell-off, the price could drop 10% and they would end up with a 10% fiat loss. |
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