ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 24, 2014, 11:22:46 AM |
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Also, why would the buying immediately start just on Huobi and nowhere ele, with the other exchanges following several minutes later? It's like they're just firing up their regular pumping routine because there is 'news' yet they don't understand what it actually is.
Pavlov's Bull. |
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Kramerc
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April 24, 2014, 11:23:04 AM |
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I just thinking to buy more machines. If that graph really goes down and with more difficulty, did calculate in bitcoinwisdom, its never ROI. 1 TH with price almost 3500 USD (include shipment and tax). How the hell people still buy more machines ?
And why its goes down ? I dont see any bad news, and china's schedule for Global Bitcoin Summit 2014 in Beijing is coming up...
Because there is a small group of people with a lot of coins who want to take us down. It can't be more obvious. The market actually wants to go up. But every single time we go up a bit there is a big dump. Pure manipulation. I have no idea who these people are. I'm not into conspiracies but it stinks. Patience. If this is actually happening behind the curtains, the effect on the market will be like the contracting of a coil. Fireworks in the making. |
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rpietila
Donator
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Activity: 1722
Merit: 1036
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April 24, 2014, 11:23:45 AM |
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I just thinking to buy more machines. If that graph really goes down and with more difficulty, did calculate in bitcoinwisdom, its never ROI. 1 TH with price almost 3500 USD (include shipment and tax). How the hell people still buy more machines ?
And why its goes down ? I dont see any bad news, and china's schedule for Global Bitcoin Summit 2014 in Beijing is coming up...
Because there is a small group of people with a lot of coins who want to take us down. It can't be more obvious. The market actually wants to go up. But every single time we go up a bit there is a big dump. Pure manipulation. I have no idea who these people are. I'm not into conspiracies but it stinks. If 2013 is any guide, it takes 5 months from the capitulation bottom to reach the new high. Of that, 3 months nothing happened. So this month nothing will happen, May nothing will happen, June nothing will happen, July something will start to happen, August, latest September we are at $7. Argh, how is it possible to wait 0.25 more YEARS, after all, it is 90 days, more than 2000 hours!! I want my candy NOW!!1 |
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chessnut
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Activity: 924
Merit: 1001
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April 24, 2014, 11:24:12 AM |
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Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.
Check out the thread I started in Bitcoin Discussion, apparently it should have no effect at all and in fact should cause an increase in price due to people receiving their compensation and buying BTC with it... +1-1=0 what is really exciting about the liquidation is that some big investors that are not confident dealing with unregulated exchanges might bid the price higher than market (if coins are auctioned). that would be HUGE and speculators would have a field day. |
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Mervyn_Pumpkinhead
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Activity: 876
Merit: 1000
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April 24, 2014, 11:28:50 AM |
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Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.
Check out the thread I started in Bitcoin Discussion, apparently it should have no effect at all and in fact should cause an increase in price due to people receiving their compensation and buying BTC with it... +1-1=0 what is really exciting about the liquidation is that some big investors that are not confident dealing with unregulated exchanges might bid the price higher than market (if coins are auctioned). that would be HUGE and speculators would have a field day. It would be extremely smart to buy 200k coins over the market price, during an downward trend and while there is no information whatsoever about the fate of the remaining 600k missing coins. I think that somekind of an award should be given for this investment decision. |
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TERA
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April 24, 2014, 11:30:52 AM |
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Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.
Check out the thread I started in Bitcoin Discussion, apparently it should have no effect at all and in fact should cause an increase in price due to people receiving their compensation and buying BTC with it... +1-1=0 what is really exciting about the liquidation is that some big investors that are not confident dealing with unregulated exchanges might bid the price higher than market (if coins are auctioned). that would be HUGE and speculators would have a field day. Actually I think it's safe to assume that not every mtgox trader will be using all (or any) of his refunds to buy back into btc somewhere. Therefore the net effect will be negative. |
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gizmoh
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Activity: 1428
Merit: 1000
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April 24, 2014, 11:31:01 AM |
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Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.
Check out the thread I started in Bitcoin Discussion, apparently it should have no effect at all and in fact should cause an increase in price due to people receiving their compensation and buying BTC with it... +1-1=0 what is really exciting about the liquidation is that some big investors that are not confident dealing with unregulated exchanges might bid the price higher than market (if coins are auctioned). that would be HUGE and speculators would have a field day. Turning a bad news into a good one, defending your position..nice try  |
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pandacoin
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Activity: 1554
Merit: 1000
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April 24, 2014, 11:31:07 AM |
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If 2013 is any guide, it takes 5 months from the capitulation bottom to reach the new high. Of that, 3 months nothing happened. So this month nothing will happen, May nothing will happen, June nothing will happen, July something will start to happen, August, latest September we are at $7.
Argh, how is it possible to wait 0.25 more YEARS, after all, it is 90 days, more than 2000 hours!! I want my candy NOW!!1
People are so impatient and greedy. If we wait enough time we will definitely get the reward. |
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chessnut
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Activity: 924
Merit: 1001
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April 24, 2014, 11:31:16 AM |
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Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.
Check out the thread I started in Bitcoin Discussion, apparently it should have no effect at all and in fact should cause an increase in price due to people receiving their compensation and buying BTC with it... +1-1=0 what is really exciting about the liquidation is that some big investors that are not confident dealing with unregulated exchanges might bid the price higher than market (if coins are auctioned). that would be HUGE and speculators would have a field day. It would be extremely smart to buy 200k coins over the market price, during an downward trend and while there is no information whatsoever about the fate of the remaining 600k missing coins. I think that somekind of an award should be given for this investment decision. yeah it would, just you try buying 200k coins at market price....... (not gonna happen) keep in mind that large investor money is not on the exchanges because they cannot be trusted. |
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chessnut
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Activity: 924
Merit: 1001
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April 24, 2014, 11:33:14 AM |
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Turning a bad news into a good one, defending your position..nice try what bad news   huobi thinks it's GREAT news. |
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dreamspark
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April 24, 2014, 11:34:02 AM |
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Actually I think it's safe to assume that not every mtgox trader will be using all (or any) of his refunds to buy back into btc somewhere. Therefore the net effect will be negative.
I was being sarcastic in regards moreso as to how poeple could think that. |
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Mervyn_Pumpkinhead
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Activity: 876
Merit: 1000
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April 24, 2014, 11:43:36 AM |
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Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.
Check out the thread I started in Bitcoin Discussion, apparently it should have no effect at all and in fact should cause an increase in price due to people receiving their compensation and buying BTC with it... +1-1=0 what is really exciting about the liquidation is that some big investors that are not confident dealing with unregulated exchanges might bid the price higher than market (if coins are auctioned). that would be HUGE and speculators would have a field day. It would be extremely smart to buy 200k coins over the market price, during an downward trend and while there is no information whatsoever about the fate of the remaining 600k missing coins. I think that somekind of an award should be given for this investment decision. yeah it would, just you try buying 200k coins at market price....... (not gonna happen) keep in mind that large investor money is not on the exchanges because they cannot be trusted. You wouldn't buy something over the market price, that's value is dropping and there is no certainty about the future. It would be an very bad investment decision. I strongly agree with the last part! But remember that the exchanges are also giving monetary value to bitcoin. Without the exchanges, bitcoin wouldn't have value and would just be a fun play money. And if the exchanges can't be trusted, then the value of bitcoin can't be trusted. That is why the price is dropping, because of the loss of trust from the general public, and people don't want to buy something that is very fragile in keeping value. The 600k missing goxcoins + all the coins from the past that have been stolen or scammed, are making bitcoin an very dangerous investment. There is always a possibility in the air that the price could drop to single digits or less in a matter of hours, and there is no way of managing this risk. |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 24, 2014, 11:48:34 AM |
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TERA
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April 24, 2014, 11:49:09 AM |
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ZephramC
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April 24, 2014, 11:50:16 AM |
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I just thinking to buy more machines. If that graph really goes down and with more difficulty, did calculate in bitcoinwisdom, its never ROI. 1 TH with price almost 3500 USD (include shipment and tax). How the hell people still buy more machines ?
And why its goes down ? I dont see any bad news, and china's schedule for Global Bitcoin Summit 2014 in Beijing is coming up...
Because there is a small group of people with a lot of coins who want to take us down. It can't be more obvious. The market actually wants to go up. But every single time we go up a bit there is a big dump. Pure manipulation. I have no idea who these people are. I'm not into conspiracies but it stinks. If 2013 is any guide, it takes 5 months from the capitulation bottom to reach the new high. Of that, 3 months nothing happened. So this month nothing will happen, May nothing will happen, June nothing will happen, July something will start to happen, August, latest September we are at $7. Argh, how is it possible to wait 0.25 more YEARS, after all, it is 90 days, more than 2000 hours!! I want my candy NOW!!1 What? You mean $7 as seven dolars "new high"? |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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April 24, 2014, 11:54:21 AM |
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Without new investors/ speculators, we're just taking each other's money and paying trading fees/taxes. A big red candle seems more likely than a big green one in the near future. Influx of new capital would come from where, exactly? Lots of possibilities, no probability.
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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April 24, 2014, 11:55:55 AM |
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Why would the mtgox news cause a price increase? It's basically the worst possible outcome - mtgox isn't coming back and 200,000 coins are being liquidated into cash.
Check out the thread I started in Bitcoin Discussion, apparently it should have no effect at all and in fact should cause an increase in price due to people receiving their compensation and buying BTC with it... +1-1=0 what is really exciting about the liquidation is that some big investors that are not confident dealing with unregulated exchanges might bid the price higher than market (if coins are auctioned). that would be HUGE and speculators would have a field day. It would be extremely smart to buy 200k coins over the market price, during an downward trend and while there is no information whatsoever about the fate of the remaining 600k missing coins. I think that somekind of an award should be given for this investment decision. yeah it would, just you try buying 200k coins at market price....... (not gonna happen) keep in mind that large investor money is not on the exchanges because they cannot be trusted. You wouldn't buy something over the market price, that's value is dropping and there is no certainty about the future. It would be an very bad investment decision. I strongly agree with the last part! But remember that the exchanges are also giving monetary value to bitcoin. Without the exchanges, bitcoin wouldn't have value and would just be a fun play money. And if the exchanges can't be trusted, then the value of bitcoin can't be trusted. That is why the price is dropping, because of the loss of trust from the general public, and people don't want to buy something that is very fragile in keeping value. The 600k missing goxcoins + all the coins from the past that have been stolen or scammed, are making bitcoin an very dangerous investment. There is always a possibility in the air that the price could drop to single digits or less in a matter of hours, and there is no way of managing this risk. so you are a large investor, and you want 200k bitcoins. somebody else bids $500 at market price. are you going to let those coins get away? or that's ok, just place a 200k buy order at bitstamp @500? if somebody else bids market price for those coins, chances are that's the last shot you will EVER have at buying 200k coins. maybe you should bid $550. |
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JorgeStolfi
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April 24, 2014, 11:56:53 AM |
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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. That was just a "TA trap"  |
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