bitcoin bear chart

[wobber]

can you imagine doing a transfer of 400k coins, i'd be shitting bricks when clicking on send in case i got the destination address wrong somehow.

I think one would be checking it letter by letter. Not sure if it helps, but I'd do it.

[accord01]

It is very unlikely to be an off the books sale.  When buyers go around looking for large amt of coins, they don't go to individual sellers.  They go to an exchange, that is the easiest way to get a large amt of coins.

it is more likely to cash out or maintenance in new wallet.

[Blue]

can you imagine doing a transfer of 400k coins, i'd be shitting bricks when clicking on send in case i got the destination address wrong somehow.

yep, there is your dump . square.

[socket]

It is very unlikely to be an off the books sale.  When buyers go around looking for large amt of coins, they don't go to individual sellers.  They go to an exchange, that is the easiest way to get a large amt of coins.

it is more likely to cash out or maintenance in new wallet.

Who says it's was a buyer looking for a seller.  It's very possible the seller went shopping for a buyer and found one.

[Bitcoin2CDKey]

im sorry, but i bought a city in africa.

[tobobit]

im sorry, but i bought a city in africa.

those are bought with blood.     By the gallon.

Who says it's was a buyer looking for a seller.  It's very possible the seller went shopping for a buyer and found one.

very interesting theory!  quite plausible indeed. 

[robertdivaio]

Just wait til he spends 10% of his stash to buy Litecoin...

[FTWbitcoinFTW]

Be sure he switched his rigs to LTC long time ago...

[stink]

Something tells me something big is about to happen..

[GröBkAz]

Something tells me something big is about to happen..

Yes, BTC at 1000USD over xmas

[MatTheCat]

Something tells me something big is about to happen..

Certainly been very boring for the whole of the last 2 days.

Something must be brewing.

[socket]

MOABT (mother of all bear traps)?

[GröBkAz]

MOABT (mother of all bear traps)?

Why?

[MatTheCat]

MOABT (mother of all bear traps)?

If was a bear trap......it would be a pretty damn convincing one....but not the 'mother of all' bear traps cos all bears are already out, either waiting on much lower prices or on confirmation of trend reversing.

I suppose it might be the 'mother of all' bull traps, but again not really. Away from the heavily slanted bias of this forum, nobody with any kind of head for investment is looking at Bitcoin now and thinking, 'definite buy, it simply MUST go up'. Anyone entering market at this point in time must surely know they are taking a risk that this is indeed a stability period after the very bottom.

I am at this point in time, a bear. If BTC goes down, do I lose? Nope! I buy in, I win! If BTC goes up do I lose? Nope! I wait until it takes out some resistance levels, I therefore may miss-out on some upside, but that aint the same as losing.

So actually, its nothing. Most likely stabilising before taking another dive down, but possibly also stabilising before it takes leap up. Anyone who gets trapped here is either knowingly taking a risk or an idiot.

[windjc]

MOABT (mother of all bear traps)?

I suppose it might be the 'mother of all' bull traps, but again not really. Away from the heavily slanted bias of this forum, nobody with any kind of head for investment is looking at Bitcoin now and thinking, 'definite buy, it simply MUST go up'. Anyone entering market at this point in time must surely know they are taking a risk that this is indeed a stability period after the very bottom.

I disagree. Wealth investors and institutional investors look at bitcoin as boom or bust. I don't think many of them think that the price will be anywhere near $600 2-3 years from now. They believe it will either be between $0-$5 or $10k-$100k.  So, if you are going to take the chance on Bitcoin from their perspective, $600 is as good as $500 or $400 or whereever.

So, as a bear, you have to ask yourself, how long are you going to wait out for a couple hundred dollar cheaper coins, before the bigger money arrives next year.

[leopard2]

It is very unlikely to be an off the books sale.  When buyers go around looking for large amt of coins, they don't go to individual sellers.  They go to an exchange, that is the easiest way to get a large amt of coins.

it is more likely to cash out or maintenance in new wallet.

No if you want to buy millions worth of BTC you don't go to an exchange; prices would explode and volume is not nearly high enough

Just like on stock exchanges. For large transactions you do an off the books or a dark pool transaction and this has possibly happened here; many Wall Street vehicles are interested in BTC. A mutual fund would ABSOLUTELY NOT open an account with MtGox. HAHAHA!! What an idea.

No they would find a counterparty with large holdings. Then for technical/financial/bookkeeping reasons they would not import private keys but have a transaction so that they have a paper trail/evidence for their purchase.

And for the seller it is the only way to get rid of a large chunk of coins without _imploding_ the price. Exactly the same is true for large stock transactions.

Either that or a simple reorg/migration move.  

BTC is great but attracts too many people with mental problems, at least some posts suggest that. (did not mean you accord01)  

[SuperHakka]

So, as a bear, you have to ask yourself, how long are you going to wait out for a couple hundred dollar cheaper coins, before the bigger money arrives next year.

dude, no serious inistutional player is going to invest in btc. the fund managers won't risk their jobs on it, simple as that. why take a risk and get involved with somethin on the fringe like btc when they can just stick to stocks and bonds. believe me dude, i work in finance for 21 years now, i know this shit. the only "institutions" who might get involved are boutuque funds like winkledouche etf. the big boys won't touch, it took 25 years+ before the big insitutions would even touch the hedgies. how long do u think it will take for something like anon digital currency. too fucking long for the likes on this forum.

[Ibian]

So, as a bear, you have to ask yourself, how long are you going to wait out for a couple hundred dollar cheaper coins, before the bigger money arrives next year.

dude, no serious inistutional player is going to invest in btc. the fund managers won't risk their jobs on it, simple as that. why take a risk and get involved with somethin on the fringe like btc when they can just stick to stocks and bonds. believe me dude, i work in finance for 21 years now, i know this shit. the only "institutions" who might get involved are boutuque funds like winkledouche etf. the big boys won't touch, it took 25 years+ before the big insitutions would even touch the hedgies. how long do u think it will take for something like anon digital currency. too fucking long for the likes on this forum.

Oh, that explains it. I was wondering about you. A professional fiat person.

[leopard2]

So, as a bear, you have to ask yourself, how long are you going to wait out for a couple hundred dollar cheaper coins, before the bigger money arrives next year.

dude, no serious inistutional player is going to invest in btc. the fund managers won't risk their jobs on it, simple as that. why take a risk and get involved with somethin on the fringe like btc when they can just stick to stocks and bonds. believe me dude, i work in finance for 21 years now, i know this shit. the only "institutions" who might get involved are boutuque funds like winkledouche etf. the big boys won't touch, it took 25 years+ before the big insitutions would even touch the hedgies. how long do u think it will take for something like anon digital currency. too fucking long for the likes on this forum.

yeah, blah blah blah

http://www.entrepreneur.com/article/230346

[MatTheCat]

http://www.entrepreneur.com/article/230346

And if that article rings true, do you think the Big Boys are going to be piling into Bitcoin at $1K per coin or whatever ludicrous ATH all that 'naive' Wall St money pushes Bitcoin to, or are they more likely to be buying in at unfathomable lows. If such institutional investors are entering the market for the long term, do you think it would be beneath them to push the market much lower in the short-term, and hold it there, having it drag along the depths as they slowly take their positions?

See, you posted a bear article without even realising it.

The Big Boys will be buying low. After they have severely restricted the volume of 'free Bitcoin' in circulation, everyone else will push Bitcoin up. They will make huge profits, other people might also do ok, many othres may find themselves 'actually using' Bitcoin, but in the long long run, most investment capital that goes into Bitcoin will lose value.......no different from any other asset class that ever did exist.