Wolf Rainer
Legendary
 Offline
Activity: 1960
Merit: 1022
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June 19, 2014, 10:31:22 PM |
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Again the same? A few rich whales manipulating the price to win a profit of 1% it´s riddiculous.
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minerpumpkin
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June 19, 2014, 10:34:03 PM |
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FBI coins will prob get 90% of market value since their lots are ridiculously huge. At least they're doing it off the exchange.
It's only 8.3 days of block rewards. Not exactly that much and for people interested in buying big time also very much doable lot sizes. |
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kireinaha
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June 19, 2014, 10:39:04 PM |
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Are we going to cross back over $600 here again soon? Whoever just dumped all those coins -- and the sheep that followed them -- are going to get left behind and burned if they don:t buy back in pronto. Hopefully they learn a lesson this time around and stop trying to manipulate the price down!
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crazyearner
Legendary
Offline
Activity: 1820
Merit: 1001
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June 19, 2014, 10:39:29 PM |
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I can see people trying to drive the price down for the sell off of the coins. Am sure the twins will be into buying some along with some big corporate company's who have more than enough and want a cheap buy in to be really greedy and try manipulating markets.
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bitcoinsrus
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June 19, 2014, 10:45:14 PM |
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FBI coins will prob get 90% of market value since their lots are ridiculously huge. At least they're doing it off the exchange.
It's only 8.3 days of block rewards. Not exactly that much and for people interested in buying big time also very much doable lot sizes. 8.3 days of block rewards is a tremendous amount... not even a company like Coinbase would buy that. Yea I don't think stamp would let coinbase buy that much from them at one time  |
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Taras
Legendary
Offline
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
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June 19, 2014, 10:47:06 PM |
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In an attempt to put things into perspective:  These are drawn to scale. Area = number of coins. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 19, 2014, 11:00:53 PM |
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maok
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June 19, 2014, 11:03:12 PM |
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In an attempt to put things into perspective: These are drawn to scale. Area = number of coins. yes but those mined in 1 week are getting spread among 100K or more miners. The problem with SR coins is not that they'll get dumped, but that those investors who would normally buy bitcoin using 3rd party exchange operators are now NOT investing anymore and they simply wait to bid. Plus there are even more investors looking for the 144K auction, so all of them are on hold right now which means that demand is created only by regular folks which heard of bitcoin and buy few m BTC to see how it works, in total there are few thousands each day but not nearly enough to put pressure on the price like that potentially created by the hold-up investors. |
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abercrombie
Legendary
Offline
Activity: 1159
Merit: 1001
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June 19, 2014, 11:07:35 PM |
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i'm thinking FBI coins about 10% above market value.
whales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
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deadley
Legendary
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Activity: 2562
Merit: 1064
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June 19, 2014, 11:09:46 PM |
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i'm thinking FBI coins about 10% above market value.
whales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
No way, Price must be 10-20% below market price, Its not easy to find so many whales who will openly come and bid for that coins. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 19, 2014, 11:11:01 PM |
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feels like we're just painting a higher low for the fun of it, my monkey is recommending bids at and below 590
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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June 19, 2014, 11:14:24 PM |
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I read the auction's terms: you cant place multiple bids (!) and the bids are sealed.
so if your bid is too low, you risk of losing the opportunity to buy 3k coins without moving the price.
I find that bullish. it is also a great price benchmark.
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_javi_
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June 19, 2014, 11:14:35 PM |
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why is it rising in china with volume, while Stamp is dumping with just a few coins??
is huobi volume fake??
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Torque
Legendary
Offline
Activity: 3556
Merit: 5041
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June 19, 2014, 11:17:16 PM |
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why is it rising in china with volume, while Stamp is dumping with just a few coins??
is huobi volume fake??
If you're looking at Huobi on bitcoinwisdom, it's been stuck like that for a full 8 hours now. Something's broken. |
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MatTheCat
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June 19, 2014, 11:17:23 PM |
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i'm thinking FBI coins about 10% above market value.
whales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
No way, Price must be 10-20% below market price, Its not easy to find so many whales who will openly come and bid for that coins. I think only on this forum, would you find a consensus that states that a big bunch of hedge funds, banks, well capitalised start-ups, and wealthy individuals would go to an auction of government seized property and pay above the market rate of a particular asset, as determined by a very thin, shoddy, and totally vulnerable to manipulation marketplace for said asset. |
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maok
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June 19, 2014, 11:18:36 PM |
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i'm thinking FBI coins about 10% above market value.
whales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
most bidders will put at 110%, but those who will win the auction will bid at 120% or more if they really want to win |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 19, 2014, 11:20:34 PM |
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I think only on this forum, would you find a consensus that states that a big bunch of hedge funds, banks, well capitalised start-ups, and wealthy individuals would go to an auction of government seized property and pay above the market rate of a particular asset, as determined by a very thin, shoddy, and totally vulnerable to manipulation marketplace for said asset.
Do please tell us Mat, what is the going market rate for bitcoins which are certified by the U.S. government to be free of legal encumbrances? What, can't find any? Hmm. Perhaps they are, should we say, rare? |
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fonzie
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June 19, 2014, 11:21:03 PM |
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feels like we're just painting a higher low for the fun of it, my monkey is recommending bids at and below 590
*chuckles and in reality placed his bids sub 500400$* |
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ihaveaquestion
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June 19, 2014, 11:23:54 PM |
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I read the auction's terms: you cant place multiple bids (!) and the bids are sealed.
So nobody can place ten bids hoping to get all the lots? |
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Bitcopia
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June 19, 2014, 11:25:36 PM |
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i'm thinking FBI coins about 10% above market value.
whales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
most bidders will put at 110%, but those who will win the auction will bid at 120% or more if they really want to win I don't think anybody is going to pay a 20% premium on those coins. Even if you were so simple as to move that money into Bitstamp to buy your coins, you could buy 3,000 coins with slippage only going to less than $645. That's about a 7% premium IF you assumed all of the coins were bought at $645, but realistically, it would probably average out to about a 3.5% premium. You then have the added benefit of contributing to a bull market. I wouldn't be surprised to see them go for 100%, but much more than that is probably unrealistic. |
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