JayJuanGee
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Merit: 10726
Self-Custody is a right. Say no to"Non-custodial"
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June 20, 2014, 08:11:21 AM |
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the last run-up was kinda unexpected and swift.. and the one before that too. this time, it seems like we're waiting around for the momentum to build up.. hopefully it'll unfold out differently this time.
there are simply too many average joe's that are 100% certain we are going way up in the next few months. Markets are not kind to good ol boy investors that have it all figured out. We are going down until most average joe's have had enough, it is at that moment they will sell and bitcoin will sky rocket and burn them all. But we aren't there yet, why? because i am an average joe and i have no intention of selling right now. If I ever get an inkling of losing patience and wanting to sell, then buy every bitcoin you can afford. But i am not there yet. 6 more months to a year of these $350 to $650 prices may weed out quite a few more average joes (in your parlance) or average Johnnys.
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Parazyd
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June 20, 2014, 08:18:57 AM |
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Woke up with more BTC. Feeling damn nice. Good morning!
Time to defend the 580s
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mmitech
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Activity: 1148
Merit: 1001
things you own end up owning you
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June 20, 2014, 08:34:18 AM |
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I think $500 wont hold long term, this is a legit analyze ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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JayJuanGee
Legendary
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Activity: 3808
Merit: 10726
Self-Custody is a right. Say no to"Non-custodial"
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June 20, 2014, 08:39:02 AM |
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so if the SR coins don't touch the exchanges, they won't affect the price?
Did anyone suggest this? Price is affected by the whole public aspect of an auction taking place and the news developments around that auction - even if the number of coins is NOT really that large in the whole scheme of things, there is a certain amount of public spectacle and waiting to see what everyone else does.... NO one wants to do anything until someone else does something. or if the selling price is made public in the news, will that become new selling price?
A momentum could be created, yet with market prices, NONE of this seems to be certain... There may be inclinations in one direction or another; however, manipulation and/or news could cause inclination and momentum in another direction which feeds upon itself.. up until a point. I doubt that anyone could give you a very clear answer, even though manipulators have better ability to control price directions, they are also limited by the actions or inactions of other manipulators and the momentum also that may snowball amongst the masses.
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Erdogan
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June 20, 2014, 08:50:23 AM |
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Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem. Nulla consequat massa quis enim. Donec pede justo, fringilla vel, aliquet nec, vulputate eget, arcu. In enim justo, rhoncus ut, imperdiet a, venenatis vitae, justo. Nullam dictum felis eu pede mollis pretium. Integer tincidunt. Cras dapibus. Vivamus elementum semper nisi. Aenean vulputate eleifend tellus. Aenean leo ligula, porttitor eu, consequat vitae, eleifend ac, enim. Aliquam lorem ante, dapibus in, viverra quis, feugiat a, tellus. Phasellus viverra nulla ut metus varius laoreet.
I agree. Typical wall street slang. They will soon come. You will notice it also on the price. You really think it'll be like that? Maybe later, but definitely not when they start. Expect surprises. It can be argued all ways. This is all Mumbo Jumbo to me, and I do NOT understand what I supposedly said. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) I thought so too, but some comments half way persuaded me it was legit. This is absurd! Yes, and I am glad that you seem to be having some fun, Erdogan, since you seemed to have started this mumbo jumbo. I'm NOT really sure why, but what the heck.. adding a few posts to this thread will probably NOT hurt BTC prices. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 20, 2014, 09:00:24 AM |
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MatTheCat is not a troll. Probably raised by trolls, perhaps under a bridge. Possibly married to a troll. Definitely shops on troll high street. Speaks with a troll accent. But still, not a troll.
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ChartBuddy
Legendary
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Activity: 2268
Merit: 1799
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 20, 2014, 09:00:52 AM |
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oda.krell
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Activity: 1470
Merit: 1007
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June 20, 2014, 09:07:51 AM |
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MatTheCataminorex is not a trollcryptocheerleader. Probably raised by trollscryptocheerleaders, perhaps under a bridgein a penny stock message board. Possibly married to a trollcryptocheerleader. Definitely shops on trollcryptocheerleader high street. Speaks with a trollcryptocheerleader accent. But still, not a trollcryptocheerleader.
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Icardi09
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June 20, 2014, 09:21:29 AM |
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58x for now yesterday i see still 60x what's the negative news or issues?
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SirChiko
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Activity: 966
Merit: 1000
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June 20, 2014, 09:31:24 AM |
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Woke up with more BTC. Feeling damn nice. Good morning!
Time to defend the 580s
How could you wake up with more btc? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Not more $?
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powers_1024
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June 20, 2014, 09:33:10 AM |
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58x for now yesterday i see still 60x what's the negative news or issues?
Holders holding + no buyers = daytraders sodling
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zimmah
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June 20, 2014, 09:33:26 AM |
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58x for now yesterday i see still 60x what's the negative news or issues?
I'd like to know too, I don't think it's any news that drives the price down but I'd like to know the market psychology around it.
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Richard Branson
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June 20, 2014, 09:35:48 AM |
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There were 2 chances to take big profit and sell part of your coins bought @the last low (below 400$). Above 650$ and now on this deadcatbounce.
Or you can just hold, but don't get fearful if the price drops below your entry point.
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joburgtaxi
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June 20, 2014, 09:43:29 AM |
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Just speculating here.
If you were a whale with a large holding and were able to manipulate the market and were also looking at getting some of these FBI/SR coins, would it not be in your best interests to try and drive the market price down before the auction so that you could acquire the coins at auction at the lowest possible price ?
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JorgeStolfi
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June 20, 2014, 09:52:11 AM |
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I believe that one person could bid 10 times and win all ten lots, so long as his/her bid is the highest one on each lot. And, if that bidder only bid on one lot, then the most that bidder could win would be one lot.
The auction mechanism is clearly described in the USMS note. Each bidder submits one "sealed" bid where he says "I will buy up to N blocks of 3000 BTC for X dollars each, and up to M blocks of 2,656.51306529 for Y dollars each", where N is between 0 and 9, and M is 0 or 1. When the bidding period is over, the USMS "opens" the bids, and awards the blocks of each type to the bidders, by decreasing bid price, until all blocks are awarded. It appears that the USMS will not release any results to the public: http://www.usmarshals.gov/assets/2014/bitcoins/faqs.pdf It will only tell losing bidders that they lost. But perhaps the terminally curious will file a FOIA request. And they felt it was necessary to write The USMS does not make any representations or warranties regarding Bitcoin. So you will not get a refund if you buy those bitcoins and they turn out to be counterfeited, or half of their bits fall off after the first transaction. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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boumalo
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Merit: 1018
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June 20, 2014, 09:52:17 AM |
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Just speculating here.
If you were a whale with a large holding and were able to manipulate the market and were also looking at getting some of these FBI/SR coins, would it not be in your best interests to try and drive the market price down before the auction so that you could acquire the coins at auction at the lowest possible price ?
You can speculate it would be interesting but risky in a market that is not heading down; I think you would buy back the coins you sold so the price recovers afterwards There is more chance of the result of the auctions to be a positive news than a negative one anyway but it may be already priced in anyway one way or the other
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TERA
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June 20, 2014, 09:53:50 AM |
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Just speculating here.
If you were a whale with a large holding and were able to manipulate the market and were also looking at getting some of these FBI/SR coins, would it not be in your best interests to try and drive the market price down before the auction so that you could acquire the coins at auction at the lowest possible price ?
Given the calibre of the participants of the auction, and who they are buying the coins from, I don't think they are going to be doing market manipulation like that. If Rashid Mohamed Indian whale was buying coins from Mark Kerpeles then maybe he'd do that but not when U.S. business CEO is buying from U.S. marshall.
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Parazyd
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June 20, 2014, 10:00:27 AM |
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Woke up with more BTC. Feeling damn nice. Good morning!
Time to defend the 580s
How could you wake up with more btc? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Not more $? Limit orders ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Bitstamp loves taking my fiat.
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ChartBuddy
Legendary
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Activity: 2268
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 20, 2014, 10:00:53 AM |
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protokol
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June 20, 2014, 10:07:23 AM |
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Just speculating here.
If you were a whale with a large holding and were able to manipulate the market and were also looking at getting some of these FBI/SR coins, would it not be in your best interests to try and drive the market price down before the auction so that you could acquire the coins at auction at the lowest possible price ?
Yes, but only if you sold less coins than you plan on buying. It would be a risky move that could backfire (sure someone will try it though). Personally I'm pretty sure most, if not all, batches of FBI coins will sell for a premium. Not because the coins are "clean" or "collectible", but because the investors would happily pay more to avoid slippage. Think about this hypothetical situation: 20 individuals bid on the coins. I think most investors would bid for more than 1 batch of coins, with a number of bids below market and a number above market price. You only need half of the individuals to make a single bid over market price for all the coins to sell at a premium. In other words, if you think ALL of the coins will sell at a discount, then that means that NOT A SINGLE BIDDER will bid over market. Pretty unlikely I would say.
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