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magicmexican
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June 25, 2014, 06:01:55 PM |
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All exchanges are pretty close, sign of anything?
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oda.krell
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Activity: 1470
Merit: 1007
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June 25, 2014, 06:06:41 PM |
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Woah... Since when are you a hero member, Eurotrash? EDIT: I think there's a rule... no more meme pics, as a hero. Only serious analysis, presented in a stately manner  |
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N12
Donator
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Activity: 1610
Merit: 1010
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June 25, 2014, 06:07:52 PM |
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Woah... Since when are you a hero member, Eurotrash?
You'll get there. |
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JorgeStolfi
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June 25, 2014, 06:10:40 PM |
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Thanks for cutting my post into half, don't do that again. I guess you agree with point 2 and 3. [ ... ]
It is good etiquette to trim the posts you are replying to, leaving only the parts that are relevant to the reply. However I should have added "[ ... ]" to show that parts were omitted; my apologies for being lazy. |
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Adrian-x
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Activity: 1372
Merit: 1000
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June 25, 2014, 06:25:49 PM |
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Thanks for cutting my post into half, don't do that again. I guess you agree with point 2 and 3. [ ... ]
It is good etiquette to trim the posts you are replying to, leaving only the parts that are relevant to the reply. However I should have added "[ ... ]" to show that parts were omitted; my apologies for being lazy. , until you join the cult we hold you to a different standard, |
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Adrian-x
Legendary
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Activity: 1372
Merit: 1000
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June 25, 2014, 06:29:31 PM |
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Woah... Since when are you a hero member, Eurotrash?
You'll get there. if I recall it’s a moving goal post, I expect to be downgraded after the next bubble. |
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kireinaha
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June 25, 2014, 06:31:34 PM |
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Nobody with enough money to buy a block of 3,000 coins is going to bid over the top of the current value on major exchanges. The bitcoin market has been so anemic for months now that all we're going to see are a few low ball offers, and whoever wins will take the lot for a very nice discount. Face it guys, we all want to see a rally, and it will likely happen eventually, but smart money isn't going to dive in on something that is so uncertain in the near term.
Of course they are going to bid above market price. 1) You can't see what the others bid, so you have to make your bid count. 2) Do you think the names we saw on the leaked list or going to register on sites like Bitstamp? No these people buy off exchange. 3) Even if they would buy on Bitstamp buying 3 000 BTC would cost them 1.8 million dollar and this would push the price to 596 and leaving a serious gap behind them in the bid side on the order book. If they would bid at 580 this will cost them only 3000 x 580 = 1.74 million dollar. magical thinking, my friend. An investor with deep pockets would have no qualms with creating an account on bitstamp or elsewhere... any means necessary to get their coins. The smart thing to do -- and rich people tend to be smart -- would be to buy them in small, spread out orders or just buy them in bulk from someone off exchange. It is magical thinking on our part to believe that anyone will pay above market prices for bitcoins, especially in this tepid market. |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 25, 2014, 06:38:50 PM |
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It is magical thinking on our part to believe that anyone will pay above market prices for bitcoins, especially in this tepid market.
If you were ever going to pay above market for btc, now would be the time to do it. Some time 5-10 days from now, BTC will put in its lowest daily bottom, and prices will always be higher thereafter. (Says the monkey, but I will take responsibility this time, because I agree -- and yes, perhaps it is magical thinking. He is, after all, a magic monkey.) |
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kireinaha
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June 25, 2014, 06:46:10 PM |
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It is magical thinking on our part to believe that anyone will pay above market prices for bitcoins, especially in this tepid market.
If you were ever going to pay above market for btc, now would be the time to do it. Some time 5-10 days from now, BTC will put in its lowest daily bottom, and prices will always be higher thereafter. (Says the monkey, but I will take responsibility this time, because I agree -- and yes, perhaps it is magical thinking. He is, after all, a magic monkey.) lol what is this magic monkey that I keep hearing of? I must have missed something many pages ago. Is this some rhesus monkey that you've imprisoned and hooked to electrodes to exploit his clairvoyant talents? |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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June 25, 2014, 06:54:16 PM |
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There would have been a set date that the coins would have had to have been sold by...(?) Regardless... Mark Williams is such a douche. |
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EuroTrash
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June 25, 2014, 07:01:19 PM |
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Woah... Since when are you a hero member, Eurotrash?
no idea. I didn't post anything heroic recently. Mostly one-liners. If anyone, you 'd deserve that badge way more than I do. EDIT: I think there's a rule... no more meme pics, as a hero. Only serious analysis, presented in a stately manner Statistical evidence collected by sampling the population of hero members in Speculation forum suggests otherwise. If you could plot trollishness as a function of nickname age in bitcointalk, I think we'd end up with a parabolic curve.  |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 25, 2014, 07:02:09 PM |
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edwardspitz
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June 25, 2014, 07:31:09 PM |
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Thanks for cutting my post into half, don't do that again. I guess you agree with point 2 and 3. [ ... ]
It is good etiquette to trim the posts you are replying to, leaving only the parts that are relevant to the reply. However I should have added "[ ... ]" to show that parts were omitted; my apologies for being lazy. , until you join the cult we hold you to a different standard, Jorge became a cultist some time ago... I clearly remember that he wrote that he doubled (or tripled?) his BTC portfolio. Todays drop was clearly Jorge cashing out because he needed a little extra cash for the auction.  |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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June 25, 2014, 07:33:41 PM |
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Is this some rhesus monkey that you've imprisoned and hooked to electrodes to exploit his clairvoyant talents?
Pretty much. He has served me well. I was considering all the dirty bitcoin that were sold at 650, in anticipation of buying clean bitcoin from the marshall's sale. I suppose they will all bid half way between today's price and their 650 sell. Therefore, I hypothesize a 616 average strike. |
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EuroTrash
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June 25, 2014, 07:36:59 PM |
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If you were ever going to pay above market for btc, now would be the time to do it. Some time 5-10 days from now, BTC will put in its lowest daily bottom, and prices will always be higher thereafter. (Says the monkey, but I will take responsibility this time, because I agree -- and yes, perhaps it is magical thinking. He is, after all, a magic monkey.)
What makes you say 5-10 days? |
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manfred
Legendary
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Activity: 966
Merit: 1001
Energy is Wealth
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June 25, 2014, 07:42:43 PM |
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Chalkbot
Legendary
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Activity: 896
Merit: 1001
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June 25, 2014, 07:42:49 PM |
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If you were ever going to pay above market for btc, now would be the time to do it. Some time 5-10 days from now, BTC will put in its lowest daily bottom, and prices will always be higher thereafter. (Says the monkey, but I will take responsibility this time, because I agree -- and yes, perhaps it is magical thinking. He is, after all, a magic monkey.)
What makes you say 5-10 days? There will be news stories about millions of dollars in bitcoin being sold to investors by US Marshals, and at the same time, it will become apparent to people in this forum that those coins are not coming to market after that amount of time. |
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JorgeStolfi
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June 25, 2014, 07:49:46 PM |
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Mark Williams, a former bank examiner and now lecturer at Boston University, said the interest from Pantera and SecondMarket amounts to “a speculative bet, not of new buyers, but the same market promoters.” “This auction doesn’t validate Bitcoin but simply demonstrated that the U.S. government is anxious to get out before prices drop again,” Williams wrote in an e-mail. “The U.S. Marshals Service has over 29,000 reasons to sell by private auction and sell now.” Methinks he is fantasizing here. The US Government auctioned the coins now because it is not supposed to hold on to seized property. So they set up the auction as soon as the court cleared it --- in the government's sense of "as soon as", which in this case was "only" a couple of months later. The article also confuses these coins with the "DPR seized coins". |
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