Bitcoin Forum
December 04, 2016, 06:40:50 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: low price because of repeated large sells  (Read 5175 times)
ThomasV
Legendary
*
Online Online

Activity: 1722



View Profile WWW
July 18, 2011, 06:17:02 AM
 #21

If you're mining and hoarding Bitcoins, you're speculating. It's exactly as if you made some money, then spent it by buying Bitcoins for speculation purposes.

ROTFL. If you're not buying Bitcoins, you're speculating. It's exactly as if you bought thousands of Bitcoins, then sold them for speculation purposes.

Electrum: the convenience of a web wallet, without the risks
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480876850
Hero Member
*
Offline Offline

Posts: 1480876850

View Profile Personal Message (Offline)

Ignore
1480876850
Reply with quote  #2

1480876850
Report to moderator
1480876850
Hero Member
*
Offline Offline

Posts: 1480876850

View Profile Personal Message (Offline)

Ignore
1480876850
Reply with quote  #2

1480876850
Report to moderator
Oldminer
Legendary
*
Offline Offline

Activity: 1022



View Profile
July 18, 2011, 06:21:06 AM
 #22


And/or they don't want to sell but are being forced to by unforeseen personal circumstances. (i.e. Need cash urgently, must sell bitcoins)


And this ^^

I think also (as someone else in this forum suggested) that anyone into Bitcoins now, that stays in, will be considered one of the the new generation of 'early adopters' in 6 - 12 months from now. There will always be those that were the original early adopters, but I think we're seeing their numbers dwindle, for reasons already stated, but also perhaps because they never really were 'true believers' in Bitcoin. They were in the right place at the right time, and were the first to make a handsome profit from the first major price jump, but over time they will be a minority group of ever reducing numbers.

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
nazgulnarsil
Full Member
***
Offline Offline

Activity: 224


View Profile
July 18, 2011, 10:36:03 AM
 #23

there are still at least 3-4 players with 100k+ coins.

Few are interested in a market where one person can crash the price at will.
ThomasV
Legendary
*
Online Online

Activity: 1722



View Profile WWW
July 18, 2011, 10:52:23 AM
 #24

Few are interested in a market where one person can crash the price at will.

Nobody can crash the price at will.
When mtgox was hacked, in the minutes that followed the 500k sale which crashed the price from $17 to $0.01, and before mtgox cancelled all those trades, prices had gone back up to $13, because people were buying en masse.
And that, of course, is an extreme case...



Electrum: the convenience of a web wallet, without the risks
nazgulnarsil
Full Member
***
Offline Offline

Activity: 224


View Profile
July 19, 2011, 12:08:11 AM
 #25

losing 24% of your wealth in a span of 30 minutes. 

You can't deny that all it takes is one of those 3-4 individuals to make a massive sell orders for bitcoin to decrease say another 25-50% almost instantly.

I believe this will happen several times, but once it is done with the massive upside will start to rear its head.
Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
July 19, 2011, 12:19:42 AM
 #26

If you're mining and hoarding Bitcoins, you're speculating. It's exactly as if you made some money, then spent it by buying Bitcoins for speculation purposes.

ROTFL. If you're not buying Bitcoins, you're speculating. It's exactly as if you bought thousands of Bitcoins, then sold them for speculation purposes.

So, does that mean I'm also speculating in postage stamps, baseball cards, vintage vases, old wine, and classic cars.... by not buying them?  Great :-)

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
Grinder
Legendary
*
Offline Offline

Activity: 1269


View Profile
July 19, 2011, 09:15:01 AM
 #27

You don't lose any money until you cash out. If you do not sell when the price drops, you have not lost any money.
That's only true if you consider all the money you've spent on Bitcoins as lost already.
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
July 19, 2011, 09:25:50 AM
 #28

Quote
low price because of repeated large sells

wow! that's quite a revelation...

turned out more supply than demand makes prices to go down  Shocked


-
Cluster2k
Legendary
*
Offline Offline

Activity: 1512


View Profile
July 19, 2011, 01:42:58 PM
 #29

losing 24% of your wealth in a span of 30 minutes. 

You can't deny that all it takes is one of those 3-4 individuals to make a massive sell orders for bitcoin to decrease say another 25-50% almost instantly.

I believe this will happen several times, but once it is done with the massive upside will start to rear its head.

You don't lose any money until you cash out. If you do not sell when the price drops, you have not lost any money.

That is of course true.  If you don't sell the asset at a lower price then you haven't realised the losses.

However, it's also the game US banks are playing with toxic CDOs.  They're currently marked to model, not marked to market.  The bank may say they're worth 90c in the dollar when really they're 30c.  Even though the bank has not sold the asset, and therefore not realised the losses, those losses are real and genuine.  They affect bank reserves and can cripple future lending.

Recently I applied for a mortgage and the broker wanted to know what my assets are worth right now, not when I bought them or what I think they're worth.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
bitcon
Legendary
*
Offline Offline

Activity: 1050


www.bit-exo.com


View Profile WWW
July 22, 2011, 03:24:03 PM
 #30

IF someone crashes the market by making a large sale, then that just gives us an opportunity to purchase BTC at early adopter prices..

Noam
Newbie
*
Offline Offline

Activity: 19


View Profile
July 23, 2011, 08:58:26 AM
 #31


Guys, the shifts between $30 and $12 are temporary and quite frankly - completely insignificant.

Just looking at the medium/long term trends going on in this world (dwindling USD value, other world currency inflation, global government instability and people uprising) I have no doubt that BTC will be worth thousands of USD and possibly more in future years.
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
July 23, 2011, 10:11:27 AM
 #32

True. In medium term bitcoin goes either to 1000$ or to 0$. If so, than it really makes not such a big difference whether it was bought at 10$ or at 30$.

-
johnyj
Legendary
*
Offline Offline

Activity: 1806


Beyond Imagination


View Profile
July 24, 2011, 08:01:27 PM
 #33

Actually I think the price is reasonable, if it is higher, there will be more people buying mining equipment to make coins and drive up the difficulty and lower the profitability further.

Currently the return of the investment is just at normal business level. If it is too profitable, then all the money will rush into this business thus make competetion harder and drop the profitability

Jack of Diamonds
Sr. Member
****
Offline Offline

Activity: 252



View Profile
July 25, 2011, 11:58:53 AM
 #34

If you're mining and hoarding Bitcoins, you're speculating. It's exactly as if you made some money, then spent it by buying Bitcoins for speculation purposes.

ROTFL. If you're not buying Bitcoins, you're speculating. It's exactly as if you bought thousands of Bitcoins, then sold them for speculation purposes.

So, does that mean I'm also speculating in postage stamps, baseball cards, vintage vases, old wine, and classic cars.... by not buying them?  Great :-)

Well.. Take gold for example. Assuming you don't own nor have previously owned gold bullion, you are speculating the price will not hold up and will crash at any time.

Your opportunity cost is a few hundred % over the years.

If you believed it's a sound investment & had the courage to invest in it, you would speculate by buying gold.
Similarly, by not buying relatively cheap BTC at $13 per piece, you are speculating it's overpriced and not worth spending your money on as an investment.

Opportunity cost of not buying BTC at current rates is unknown, but previous people who had the chance to buy at $0.2, $0.5 per coin etc.. Were obviously speculating there would be a bear market & potentially lost tens, hundreds of thousands of dollars.

1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!