JayJuanGee
Legendary
 Offline
Activity: 3710
Merit: 10210
Self-Custody is a right. Say no to"Non-custodial"
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June 25, 2014, 08:53:30 AM |
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So guys, 27th June.. we learn that the coins sold well above market, we should see a price to $650+ within hours after confirmation? And, on the other side (well below market) we should see a drop to $545 or less within hours after confirmation.
But what about the case where we dont know the results? Down? Up? We all know this market never responds to nothing by doing nothing.
I'm sure that several of the various winners are going to want to inform people about the price that they paid. I doubt that they would be restricted from such publicity, after they have won. Also, I would not sell any BTC at this moment, no matter the possibility that it goes down after the auction. It's just this trend that could be anything. It seems to be the best strategy for auction bidders to stagger their bids, and then to announce their highest bid at the end of the auction in order to rally the price in that direction... let's say there is a bid for 30% above market... then I say that you paid $740 per BTC (2.2 million) for the 3,000 BTC lot. Within weeks the BTC market will likely rally to match and likely exceed that amount. |
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"You Asked For Change, We Gave You Coins" -- casascius
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 25, 2014, 09:00:45 AM |
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ShroomsKit
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June 25, 2014, 09:09:29 AM |
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This major fear for a tiny auction must be the dumbest thing i've seen in the Bitcoin market so far. Unbelievable.
Something like Expedia accepting Bitcoin is 100 times as big and important and nobody gives a shit.
8 days of coins being sold and it controls the whole market and actually makes it go down before even something happened.
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Parazyd
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June 25, 2014, 09:11:27 AM |
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This major fear for a tiny auction must be the dumbest thing i've seen in the Bitcoin market so far. Unbelievable.
Something like Expedia accepting Bitcoin is 100 times as big and important and nobody gives a shit.
8 days of coins being sold and it controls the whole market and actually makes it go down before even something happened.
People always panic over the smallest things. That will never change. We also tend to follow China when they start rallying down. |
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akujin
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June 25, 2014, 09:15:03 AM |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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June 25, 2014, 09:16:49 AM |
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This major fear for a tiny auction must be the dumbest thing i've seen in the Bitcoin market so far. Unbelievable.
Something like Expedia accepting Bitcoin is 100 times as big and important and nobody gives a shit.
8 days of coins being sold and it controls the whole market and actually makes it go down before even something happened.
I don't think silkroad coins has much to do wit this and big companies adding Bitcoin as a payment method at this point is really bad for price stability, regardless of Bitcoin being on news more than ever, the user adoption is dropping really fast, if only these companies held the coins it would be as if we got new users with every purchase. what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math. |
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Parazyd
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June 25, 2014, 09:17:23 AM |
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Boom! It's like there's no resistance... Oh why don't I have any extra fiat?  |
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atp1916
Legendary
Offline
Activity: 854
Merit: 1000
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June 25, 2014, 09:20:40 AM |
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Does anyone actually think that Barry and co. are gonna let the unkowns (dumpers) walk off with these coins without a fight?
This auction will turn out to be a 30k coin pump, mark my words.
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fonzie
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June 25, 2014, 09:21:19 AM |
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JayJuanGee has mmitech touched you or your girl/boyfriend inappropriately? You seem so emotional, i haven´t seen you like that before.  PS: It´s not too late to sell! |
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10210
Self-Custody is a right. Say no to"Non-custodial"
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June 25, 2014, 09:21:55 AM |
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Does anyone actually think that Barry and co. are gonna let the unkowns (dumpers) walk off with these coins without a fight?
This auction will turn out to be a 30k coin pump, mark my words.
You are correct, and NOPE they will NOT. |
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magicmexican
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June 25, 2014, 09:22:29 AM |
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550 re-test coming for sure?
Will it hold?
So many questions, so little fud
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10210
Self-Custody is a right. Say no to"Non-custodial"
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June 25, 2014, 09:24:09 AM |
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JayJuanGee has mmitech touched you or your girl/boyfriend inappropriately? You seem so emotional, i haven´t seen you like that before. PS: It´s not too late to sell! I've gotten emotional before... hehehehe, once or twice... YOU THINK IM A BOT, like you?   EDIT: OH.. and BTW.... .In this current market, I am buying and HODLin... |
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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June 25, 2014, 09:27:08 AM |
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550 re-test coming for sure?
Will it hold?
So many questions, so little fud
exactly. no FUD and we are heading down fast with no support. kinda worrysome. |
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atp1916
Legendary
Offline
Activity: 854
Merit: 1000
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June 25, 2014, 09:28:49 AM |
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550 re-test coming for sure?
Will it hold?
So many questions, so little fud
exactly. no FUD and we are heading down fast with no support. kinda worrysome. Yep, it'll head down to xxx and then once the auction is over and people lose memory of the event, it'll head right back up to xxx and then some. People should know the drill by now. |
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Parazyd
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June 25, 2014, 09:30:04 AM |
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550 re-test coming for sure?
Will it hold?
So many questions, so little fud
exactly. no FUD and we are heading down fast with no support. kinda worrysome. Yep, it'll head down to xxx and then once the auction is over and people lose memory of the event, it'll head right back up to xxx and then some. People should know the drill by now. It will be like this when it hits Wall Street like it should. You'll see. Up and down, all around  |
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magicmexican
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June 25, 2014, 09:30:59 AM |
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Is there any info about how long the auction will last anyway?
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Parazyd
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June 25, 2014, 09:37:05 AM |
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I think the price of those coins on auction will be above market price... Biders will pump the price for sure! Where can you get 30k with one order without moving the market for +1000$??
It's actually blocks of 3k coins and one of 2.7 or 2.9k. |
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jeezy
Legendary
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Activity: 1237
Merit: 1010
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June 25, 2014, 09:37:27 AM |
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550 prognose from a few days ago seems more and more realistic. Also the upper walls are levelling too. Let's see what will happen!
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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June 25, 2014, 09:37:35 AM |
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what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.
11 million as Satoshi is in for the long haul.  Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding. |
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upupup
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June 25, 2014, 09:37:51 AM |
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"Most mainstream financial journalists try to link the daily market action with the news of the day, as if the markets did nothing other than react to news. In general terms, they make the assumption that if a market fluctuation coincided with or followed a news event, then the news event must have caused the market fluctuation. Due to this modus operandi, it is not uncommon for journalists to cite the same event when attempting to explain a price rise one day and a price decline the next. For example, if the stock market rises one day and then falls the next, and at the same time there is news of a Greece bailout, it would be typical for the press to link both the rise and the fall to the bailout news. The linkages between news events and market action that are concocted by journalists are usually banal and uninteresting, but occasionally they are so ridiculous that they are laugh-out-loud funny. An example of the laugh-out-loud funny variety is the explanation for last Friday's decline in the gold price in the article linked HERE. We started chuckling as soon as we read the opening line..." http://news.goldseek.com/SpeculativeInvestor/1271772000.php |
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