wachtwoord
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Activity: 2324
Merit: 1125
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June 02, 2013, 12:24:19 PM |
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i will never understand this why someone who has 40 000 bitcoins wants to drop this all at once instead of just selling slowly for $10 more than before the drop. even considering average $5 its $200 000 lost in a second. Someone is very stupid or very rich and bored or both. Ofcourse maybe they want to lower price so they can buy more bitcoins but still its stupid idea to me to make people nervous and not just simply wait for price to be higher and then sell and enjoy they richness.
what is the monthly withdrawl limit at gox $50k? if so to get a million dollars withdrawn its going to be 20 months. For these amounts private deals with Mt. Gox are possible. |
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Zangelbert Bingledack
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Activity: 1036
Merit: 1000
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June 02, 2013, 12:32:14 PM |
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i will never understand this why someone who has 40 000 bitcoins wants to drop this all at once instead of just selling slowly for $10 more than before the drop. even considering average $5 its $200 000 lost in a second. Someone is very stupid or very rich and bored or both. Ofcourse maybe they want to lower price so they can buy more bitcoins but still its stupid idea to me to make people nervous and not just simply wait for price to be higher and then sell and enjoy they richness.
what is the monthly withdrawl limit at gox $50k? if so to get a million dollars withdrawn its going to be 20 months. For these amounts private deals with Mt. Gox are possible. The whales would have already ponied up the apostilled documents for MtGox "Trusted" status, which allows - what was it - $500k per month? |
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BitcoinAshley
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June 02, 2013, 12:58:41 PM |
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Chances are, $2.5million dump dude wasn't "cashing out," he was deliberately trying to bring the price down so that he could buy again lower. Or perhaps he wanted to cash out $1 million but figured while he was at it, might as well sell his other thousand coins and buy them cheaper.
Yes, there could have been somebody with $3 million in bitcoin perfectly happy in cashing it all out to Fiat and paying 20% capital gains tax or whatever, but more likely is somebody deliberately trying to move the price to get their coins back cheaper.
Think of what would have happened to the price 6 months ago if someone sold $3 million worth of coins in one shot... lololol. I think going from $12x to $12x is pretty darned outstanding.
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Birdy
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June 02, 2013, 12:59:29 PM |
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why do people say that "people wait for a drop to buy"? if its going to $1000++++++++++ what is an extra $10 per coin?
You have $1000 ->buy at $100 -> 10 Btc ->buy at $120 -> ~8,3Btcs If it's going $1000++++ You've still made 20% more easy math |
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meangreen
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Activity: 70
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June 02, 2013, 01:30:55 PM |
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birdy
you are missing the point. if I buy one coin at $100 and it goes to $1000. I made $900 profit. If I bought at $120 and it goes to $1000 I made $880. in the grand scheme of things $20 is negligible.
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Birdy
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June 02, 2013, 01:34:00 PM |
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birdy
you are missing the point. if I buy one coin at $100 and it goes to $1000. I made $900 profit. If I bought at $120 and it goes to $1000 I made $880. in the grand scheme of things $20 is negligible.
This is because you don't profit with those $20 from the rise of value as you haven't invested it, so they are still worth only $20. So all you are saying is: $20 is worth $20. Great, couldn't have figured that out. |
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meangreen
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June 02, 2013, 01:50:48 PM |
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birdy
you are missing the point. if I buy one coin at $100 and it goes to $1000. I made $900 profit. If I bought at $120 and it goes to $1000 I made $880. in the grand scheme of things $20 is negligible.
This is because you don't profit with those $20 from the rise of value as you haven't invested it, so they are still worth only $20. So all you are saying is: $20 is worth $20. Great, couldn't have figured that out. sounds like you like to over analyze. you cant pick tops and bottoms |
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meangreen
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June 02, 2013, 01:56:28 PM |
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Chances are, $2.5million dump dude wasn't "cashing out," he was deliberately trying to bring the price down so that he could buy again lower. Or perhaps he wanted to cash out $1 million but figured while he was at it, might as well sell his other thousand coins and buy them cheaper.
Yes, there could have been somebody with $3 million in bitcoin perfectly happy in cashing it all out to Fiat and paying 20% capital gains tax or whatever, but more likely is somebody deliberately trying to move the price to get their coins back cheaper.
Think of what would have happened to the price 6 months ago if someone sold $3 million worth of coins in one shot... lololol. I think going from $12x to $12x is pretty darned outstanding.
buying back lower is a ridiculous statement. who pays capital gains on bitcoins? and your last statement, when was the last time you saw someone buy 3 million worth of coins in one shot? expect the same price stability on the upside to. or does the price stay relatively flat for sale orders only? |
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XXthetimeisnowXX
Sr. Member
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Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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June 02, 2013, 01:58:29 PM |
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ya if you are just buyingone coin. and not investing the full 120. ok say you buy a coin now like you say and it goes to 1000 ya you make 880. but if you have 120 and want to invest all of it and it happens to be 100. well then you get 1.2 bitcoins. and this goes to 1000 you THEN get 1200. its not twenty dollars its two hundred dollars! and this is for one BTC imagine you have eight hundred and sixty bitcoins. - I hate how people dont get this.
You have to look at it from the stance "I have a set amount of fiat I want into bitcoins." not "I am going to buy one bitcoin and pay the extra 20 bucks to make it a full bitcoin."
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Birdy
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June 02, 2013, 02:01:19 PM |
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birdy
you are missing the point. if I buy one coin at $100 and it goes to $1000. I made $900 profit. If I bought at $120 and it goes to $1000 I made $880. in the grand scheme of things $20 is negligible.
This is because you don't profit with those $20 from the rise of value as you haven't invested it, so they are still worth only $20. So all you are saying is: $20 is worth $20. Great, couldn't have figured that out. sounds like you like to over analyze. you cant pick tops and bottoms |
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meangreen
Member
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June 02, 2013, 02:11:54 PM |
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ya if you are just buyingone coin. and not investing the full 120. ok say you buy a coin now like you say and it goes to 1000 ya you make 880. but if you have 120 and want to invest all of it and it happens to be 100. well then you get 1.2 bitcoins. and this goes to 1000 you THEN get 1200. its not twenty dollars its two hundred dollars! and this is for one BTC imagine you have eight hundred and sixty bitcoins. - I hate how people dont get this.
You have to look at it from the stance "I have a set amount of fiat I want into bitcoins." not "I am going to buy one bitcoin and pay the extra 20 bucks to make it a full bitcoin."
STOP!!! If I invest $100 in ANYTHING and it goes to $1000 I MADE $900!!!! If I invest $120 in ANYTHING and it goes to $1000 I MADE $880!! FOR FUCKS SAKE YOU BUY A BASEBALL CARD FOR $100 and someone and you sell it for $1000 you made $900 YOU BUY A BASEBALL CARD for $120 and you sell it for $1000 you made $880 END OF STORY! |
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Birdy
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June 02, 2013, 02:19:37 PM |
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STOP!!!
If I invest $100 in ANYTHING and it goes to $1000 I MADE $900!!!!
If I invest $120 in ANYTHING and it goes to $1000 I MADE $880!!
FOR FUCKS SAKE
YOU BUY A BASEBALL CARD FOR $100 and someone and you sell it for $1000 you made $900
YOU BUY A BASEBALL CARD for $120 and you sell it for $1000 you made $880
END OF STORY!
So the conclusion is...never invest more than $100 in anything? Or if you do invest at least ten times more? What the hell are you trying to say? |
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meangreen
Member
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June 02, 2013, 02:28:15 PM |
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All that I am saying is that in the grand scheme $20 dollars is nothing when you are hoping for the coins to go to $1000. Any everyone on here is making a big deal about $10 or $20 dollar moves.
If the price of a coin is $100 and you buy it for $100 it goes to $1000 you make $900.
If the coins cost $100 and you buy at $120(which is a 20% premium to the going price) at the end of the day when you sell at $1000 you will get 20% more because you put in 20% more in the beginning.
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farfiman
Legendary
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Activity: 1449
Merit: 1001
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June 02, 2013, 02:30:40 PM |
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STOP!!!
If I invest $100 in ANYTHING and it goes to $1000 I MADE $900!!!!
If I invest $120 in ANYTHING and it goes to $1000 I MADE $880!!
FOR FUCKS SAKE
YOU BUY A BASEBALL CARD FOR $100 and someone and you sell it for $1000 you made $900
YOU BUY A BASEBALL CARD for $120 and you sell it for $1000 you made $880
END OF STORY!
So the conclusion is...never invest more than $100 in anything? Or if you do invest at least ten times more? What the hell are you trying to say? simple- if people here believe bitcoin is going to 1000 ( or 10,000 or more) why do they wait for the price to move a few dollars down... |
"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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Birdy
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June 02, 2013, 02:36:59 PM
Last edit: June 03, 2013, 12:28:44 AM by Maged |
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simple- if people here believe bitcoin is going to 1000 ( or 10,000 or more) why do they wait for the price to move a few dollars down...
Because they either want some short term profit, they want to max their possible profit/risk less money for the amount of BTC. After all there is a good chance it will go to $1000, but it's not 100% sure. |
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mrbitbank
Newbie
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June 02, 2013, 02:46:42 PM |
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seems to me that the powers that be in the banking world are making life difficult to cash out, OKPAY is quitting bitcoin transaction and is going to stop doing business with all btc exchanges, GOX can not do sepa transfers fast enough so what ways are left to do business with bitcoin if one can not transfer US$ or EURO in and out of the exchanges, not to mention the Liberty Reserve fiasco
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meangreen
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June 02, 2013, 02:55:06 PM |
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seems to me that the powers that be in the banking world are making life difficult to cash out, OKPAY is quitting bitcoin transaction and is going to stop doing business with all btc exchanges, GOX can not do sepa transfers fast enough so what ways are left to do business with bitcoin if one can not transfer US$ or EURO in and out of the exchanges, not to mention the Liberty Reserve fiasco
ball game over. more people will be cashing out. the news was only a couple days ago so alot of people probably dont know what is going on with gox. |
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meangreen
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June 02, 2013, 03:02:15 PM |
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down to $119. come on guys start buying Cheap coins for sale. OR dont you think that is a good price seeing we are going to $1000?  ?? |
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Birdy
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June 02, 2013, 03:04:01 PM |
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down to $119. come on guys start buying Cheap coins for sale. OR dont you think that is a good price seeing we are going to $1000? ?? I do think it's a good price. Sadly I don't have so much spare cash that I can throw it in any time. |
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meangreen
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June 02, 2013, 03:09:25 PM |
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down to $119. come on guys start buying Cheap coins for sale. OR dont you think that is a good price seeing we are going to $1000? ?? I do think it's a good price. Sadly I don't have so much spare cash that I can throw it in any time. birdy $119 is a steal. they are going to $1000. ask anyone on here. |
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