Post-Cosmic
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April 24, 2014, 09:29:10 AM |
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Let's play a game: Feel free to join in the fun by naming things you think are more exciting than Houbi.
# 6. OKCoin. I'll play too. #7. Making 98% net gain in -7 real-time days- using BTC to trade forex, gold & stock index CFD's on 1broker . com ..What..? This is blasphemy, madness against the cult & our dogmatic values..? The Adamist Inquisition is coming..?? No, actually. It is not against the bitreligion IF one makes tons of $$$$$ (using fiat- [on regulated brokers..not on 1broker . com.. lol..] or crypto- deposits, doesn't matter) thereby INCREASING the amount of BTC one has xD, or, increasing the amount of fiat, & thus be able to buy MOAR BTC w/ it xDD
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Davyd05
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April 24, 2014, 09:42:04 AM |
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final goxxing as the liquidation is proceeding?
the new info is on the website
my guess would be that people expect a 200,000 btc liquidation, some are hoping to front run and hope to buy back in on the panic sell.
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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April 24, 2014, 09:47:14 AM |
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huobi dumping
If 3000 becomes Resistance, then I am guaranteed a buy at 400-420, possibly even 300 for a long red wick.
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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April 24, 2014, 09:48:59 AM |
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final goxxing as the liquidation is proceeding?
the new info is on the website
my guess would be that people expect a 200,000 btc liquidation, some are hoping to front run and hope to buy back in on the panic sell.
Abundance of cheap coins, I welcome you wholeheartedly And many believed it would take 2-3 yrs for liquidation to roll on, guess Mr kobayashi wants his legal fees to be paid ASAP: "The bankruptcy trustee will implement the bankruptcy proceedings, in which the assets of the bankrupt entity will be managed and converted into cash"
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lemonte
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April 24, 2014, 09:55:02 AM |
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final goxxing as the liquidation is proceeding?
the new info is on the website
my guess would be that people expect a 200,000 btc liquidation, some are hoping to front run and hope to buy back in on the panic sell.
Abundance of cheap coins, I welcome you wholeheartedly And many believed it would take 2-3 yrs for liquidation to roll on, guess Mr kobayashi wants his legal fees to be paid ASAP: "The bankruptcy trustee will implement the bankruptcy proceedings, in which the assets of the bankrupt entity will be managed and converted into cash"Wonder who'll buy them? I doubt they are going to stick them on an exchange.
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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April 24, 2014, 09:57:26 AM |
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final goxxing as the liquidation is proceeding?
the new info is on the website
my guess would be that people expect a 200,000 btc liquidation, some are hoping to front run and hope to buy back in on the panic sell.
Abundance of cheap coins, I welcome you wholeheartedly And many believed it would take 2-3 yrs for liquidation to roll on, guess Mr kobayashi wants his legal fees to be paid ASAP: "The bankruptcy trustee will implement the bankruptcy proceedings, in which the assets of the bankrupt entity will be managed and converted into cash"Wonder who'll buy them? I doubt they are going to stick them on an exchange. Either via Tender or Auctioned, splitted in lots surely.
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dreamspark
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April 24, 2014, 09:58:20 AM |
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Yep and be prepared for at least some of those to hit the market. You cant seriously think that off exchange investors are all going to just hold the coins when they get sold below market rate.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 24, 2014, 10:00:25 AM |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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April 24, 2014, 10:09:16 AM |
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It's such a simple and consistent pattern - I don't know why everyone is so suprised every time. It is surprising to see a pattern, since most of the ups and downs are clearly related to external events -- such as the "bug in bitcoin" and the Caixin article. Perhaps these just trip the spring that some "market sentiment cycle" has strained? Today on the 'Wall Observer': Jorge finally understands the fundamental premise of TA. :D
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dreamspark
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April 24, 2014, 10:12:16 AM |
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So gox announces the liquidation of 200k coins and the market starts buying lol
If you were a gox coin holder now you would want the price as high as possible so that when the coins are sold theres more cash to go around...
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CoinHamster
Member
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Activity: 101
Merit: 10
฿ ฿ ฿ ฿ ฿
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April 24, 2014, 10:19:57 AM |
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where is the limit for miners - regarding costs for hardware, electricity,... who knows data? who can predict when there will be no profit for miners anymore? - $300?
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Painful Truth
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April 24, 2014, 10:23:36 AM |
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Yep and be prepared for at least some of those to hit the market. You cant seriously think that off exchange investors are all going to just hold the coins when they get sold below market rate.
Simple solution:Sell above market rate. Like right now for $600. So, then whats in it for the buyer? A killer deal! No slippage. Try buying 200k coins right now without going over $600 per coin. Impossible!
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lynn_402
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April 24, 2014, 10:25:21 AM |
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where is the limit for miners - regarding costs for hardware, electricity,... who knows data? who can predict when there will be no profit for miners anymore? - $300? If you own the most energy efficient equipment available now, the price could get to 100$ and you would still make more money than what you pay in electricity. However, the difficulty would probably go way down from less efficient miners shutting their systems down, so perhaps it would still be profitable until 50$. Of course, that also means that your miner will take about 10 years to pay for itself, especially if it is hosted in an expensive data center. You may try different numbers there: http://www.vnbitcoin.org/bitcoincalculator.php
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arbitrader
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April 24, 2014, 10:32:41 AM |
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It's such a simple and consistent pattern - I don't know why everyone is so suprised every time. It is surprising to see a pattern, since most of the ups and downs are clearly related to external events -- such as the "bug in bitcoin" and the Caixin article. Perhaps these just trip the spring that some "market sentiment cycle" has strained? Today on the 'Wall Observer': Jorge finally understands the fundamental premise of TA. bearish three drives))
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MikeH
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April 24, 2014, 10:40:09 AM |
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man the price is going to be suppressed for months, fk'n Gox.
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dreamspark
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April 24, 2014, 10:43:01 AM |
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Yep and be prepared for at least some of those to hit the market. You cant seriously think that off exchange investors are all going to just hold the coins when they get sold below market rate.
Simple solution:Sell above market rate. Like right now for $600. So, then whats in it for the buyer? A killer deal! No slippage. Try buying 200k coins right now without going over $600 per coin. Impossible! Thats the solution in principle but can you see that happening? The person running the bankruptcy process has a lot more to do than just liquidate the coins, all they care about is whats easiest I doubt they are about to start trying to sell above market rate, they dont care how much they go for in the end they just need to follow the process.
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rpietila
Donator
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Activity: 1722
Merit: 1036
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April 24, 2014, 10:45:33 AM |
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This, and the other chart with 3 waves going down, down, down. The market rhymes, until it doesn't. Would you rather bet that Bitcoin experiences at least one more wave up (like the 2 pictured above), so that you make 10x with little risk of losing all? Or that it goes down at least one more time, so that you have to use 5x leverage to double your money with real risk of losing all? IMO it is more probable and more profitable to bet on the first option only, and leave the second one aside. As you might remember, I played the downswings a lot but stopped in February 25, not willing to be crushed by the train.
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ShroomsKit_Disgrace
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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April 24, 2014, 10:47:56 AM |
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Do these sudden buys at huobi mean something?
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CoinHamster
Member
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Activity: 101
Merit: 10
฿ ฿ ฿ ฿ ฿
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April 24, 2014, 10:48:18 AM |
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where is the limit for miners - regarding costs for hardware, electricity,... who knows data? who can predict when there will be no profit for miners anymore? - $300? If you own the most energy efficient equipment available now, the price could get to 100$ and you would still make more money than what you pay in electricity. However, the difficulty would probably go way down from less efficient miners shutting their systems down, so perhaps it would still be profitable until 50$. Of course, that also means that your miner will take about 10 years to pay for itself, especially if it is hosted in an expensive data center. You may try different numbers there: http://www.vnbitcoin.org/bitcoincalculator.phpso, if you add rent, labour costs (cleaning, coffee,...), taxes, ... - i think the limit could be about $200 until it hurts some "whale" - still some drop to go until we will reach the bottom / trend will probably turn around
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