N12
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December 04, 2014, 08:03:22 PM |
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Blitz. Id be inclined to think that theyre dime a dozen kind of folks.
Right, I chose the wrong phrase. I meant to say they're the same type that obsess over 1m charts, wasting their mental energy.
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Sellman
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December 04, 2014, 08:10:52 PM |
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BitAddict
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December 04, 2014, 08:17:29 PM Last edit: December 04, 2014, 08:33:20 PM by BitAddict |
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$300 Millions are the equivalent of 800,000 bitcoins... or 6% of total bitcoins... That's ridiculous. It's false information. In that article, they considered all bitcoin transactions that happened during that days were only for buying goods or services related to black friday or cyber monday. In reality only a small percentage of that were used for black friday and cyber monday.
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billyjoeallen
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December 04, 2014, 08:24:16 PM |
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Blitz. Id be inclined to think that theyre dime a dozen kind of folks.
Right, I chose the wrong phrase. I meant to say they're the same type that obsess over 1m charts, wasting their mental energy. Chill. It's just entertainment. It's the 4 and 6 HR charts that I primarily use. Playing small swings on the 15 min charts just generates fees for the exchanges, not profits. I wonder how soon SR auction coins could be dumped on the exchanges? Hypothetically, of course. I don't think anyone has ever flipped auction merchandise for a quick profit.
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billyjoeallen
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December 04, 2014, 08:33:28 PM |
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Some launch. This rocket is looking more like a hover craft.
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Davyd05
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December 04, 2014, 08:40:15 PM |
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Blitz. Id be inclined to think that theyre dime a dozen kind of folks.
Right, I chose the wrong phrase. I meant to say they're the same type that obsess over 1m charts, wasting their mental energy. Chill. It's just entertainment. It's the 4 and 6 HR charts that I primarily use. Playing small swings on the 15 min charts just generates fees for the exchanges, not profits. I wonder how soon SR auction coins could be dumped on the exchanges? Hypothetically, of course. I don't think anyone has ever flipped auction merchandise for a quick profit. responding to the bolded statement, that would require acquiring them at below market value, not impossible but I am not sure anyone with that kind of money is thinking quick flips. perhaps, but I'd like to believe every decision was played out like a chess match for them.
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inca
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December 04, 2014, 08:40:55 PM |
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any update on the auction?
A rather cynical dump this morning followed by a recovery is all I can see. Usually after we plateau such a dump would have dragged us down with lemming follow through selling.
If I was short I would be a wee bit concerned.
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jonoiv
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December 04, 2014, 08:42:32 PM |
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Some launch. This rocket is looking more like a hover craft.
Hovering way above where you want it to be
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billyjoeallen
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December 04, 2014, 08:47:36 PM |
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Some launch. This rocket is looking more like a hover craft.
Hovering way above where you want it to be above, but not way above. I expect the crash to take a while. right now, $100K will move the price up a buck or down $4.00 on BFX. not good odds in your favor.
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inca
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December 04, 2014, 08:50:38 PM |
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Some launch. This rocket is looking more like a hover craft.
Hovering way above where you want it to be above, but not way above. I expect the crash to take a while. right ow, $100K will move the price up a buck or down $4.00 on BFX. not good odds in your favor. You should know a lot better that the orderbooks are meaningless on BTC exchanges if you are slinging any serious amount of money around using leverage.
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adamstgBit
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December 04, 2014, 08:56:20 PM |
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billyjoeallen
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December 04, 2014, 08:57:41 PM |
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criptix
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December 04, 2014, 08:59:20 PM |
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my bet is all coins sold for atleast 450 ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif)
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ChartBuddy
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December 04, 2014, 09:00:53 PM |
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jonoiv
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December 04, 2014, 09:02:15 PM |
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Some launch. This rocket is looking more like a hover craft.
Hovering way above where you want it to be above, but not way above. I expect the crash to take a while. right ow, $100K will move the price up a buck or down $4.00 on BFX. not good odds in your favor. Based on what TA? This is what I see... The year long downward trend-line from Nov 2013 peak was breached on Nov 13th 2014. The bottom of $275 on October 5th 2014 followed by the next bottom of $315 on Nov 1st created a new upward trend-line that has not been breached. The extreme low of that trend-line is currently at $360. Whenever we get close there is massive resistance. So what makes you think it's anything other than bullish? I am open to the idea there is a small chance there could be a monumental bearish push, that it could in the right conditions hit $360. But if it happens (and that's a big if) it will be followed by a huge rally to well above $450 and more likely above $470. It's happening sooner or later... ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fcdn.fashionablygeek.com%2Fwp-content%2Fuploads%2F2009%2F03%2Fdill-with-it.jpg%3F22a92a&t=665&c=3kCF2nuNSsFzhA)
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billyjoeallen
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December 04, 2014, 09:03:04 PM |
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Some launch. This rocket is looking more like a hover craft.
Hovering way above where you want it to be above, but not way above. I expect the crash to take a while. right ow, $100K will move the price up a buck or down $4.00 on BFX. not good odds in your favor. You should know a lot better that the orderbooks are meaningless on BTC exchanges if you are slinging any serious amount of money around using leverage. well, I don't consider 50 coins serious and those order books just accurately predicted a $1.50 drop, $75 for me.
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macsga
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Strange, yet attractive.
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December 04, 2014, 09:03:23 PM |
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Adam's back. Bullish ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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adamstgBit
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December 04, 2014, 09:03:30 PM |
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my bet is all coins sold for atleast 450 ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif) i'm thinking 400 was top bid on a few of the blocks the rest are 350+ hopefully we get some info about this in the coming days. i dont think we will... we will have to look to the market's movement for answers, 10$ says market stays flat as fuck for 10 days
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JayJuanGee
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December 04, 2014, 09:04:57 PM |
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Maybe I am making an overstatement; however, currently, there appears to be NOTHING holding back a considerable upward momentum in bitcoin prices.
The significant event of the ability to bid in the US Marshall's auction has been over for more than 2 hours, now, and currently, we are merely awaiting the US Marshall's to communicate to the winners, within the next approximately 24 hours.
Probably we can presume that the BTC auction was somewhat bullish - in that regard, I doubt, really, that anyone is paying at market price or less for such auctioned coins.
Personally, I had expected some kind of BTC price dump in the past 24 hours in order to further benefit big players who were participating in the auction; however, when there was NO real meaningful BTC price dump, I decided to buy a pretty decent chunk of coins (approximately 26 BTC).
Therefore, my average price per BTC in my own BTC holdings came down from approximately $558 to $537.
Surely, my BTC holdings remain in the red about 30% (partly due to my having had purchased over 100BTC in the June to August time frame when BTC prices were in the $600 arena - and I anticipated a rise at that time).
Surely, I admit that I have made some mistakes; however, I remain optimistic about BTC and the various fundamentals including the large amount of investments into various aspects of the BTC infrastructure - in spite of depressions of BTC prices. Accordingly, I am expecting a BTC price rally at some point in the near future, and really I am doubting that we are going to see many more days of BTC prices below $400 - however, never say never in bitcoinlandia.
I did hold onto about $3k in dollars in my BTC investment fund - just in case I am wrong about the near term BTC price direction during the month of December - and I have the ability to buy BTC in the event of a price drop.
In the longer term and maybe the next 1 to 12 months, surely BTC prices could continue to be manipulated in the $400 to $800 price range; however, I believe once BTC prices go above $800 - it is likely that the price will shoot past the previous ATH into the $3k to $13k range.... but who knows how long that will take... I believe BTC has at least one more 10x rally within it..... maybe more than that, but difficult to say with current information and current levels of uncertainties regarding wider-spread adoption of BTC (and the potential interferences of possible competitors, if any).
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NotLambchop
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December 04, 2014, 09:05:08 PM |
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Some launch. This rocket is looking more like a hover craft.
Hovering way above where you want it to be Which can only mean one thing: dump immanent. Just thought I'd mention the obvious in case n00bs din't pick up on what you were saying.
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