SpreadLight
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January 15, 2015, 11:43:32 AM |
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Wow. It's going like a rocket. Mad panic.
The buyback's only accelerating.
Not even close. We are gonna see sub 100$ soon. Those bear whales didn't dump all those coins for nothing. |
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splawik21
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DASH is the future of crypto payments!
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January 15, 2015, 12:23:46 PM |
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Guys, The Bank of Swiss has put the blockade down of CHF/EUR pair ! +17% value of CHF! LOL Incredibile!
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BE SMART, USE DASH ( ͡° ͜ʖ ͡°) |
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MadGhost
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★777Coin.com★ Fun BTC Casino!
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January 15, 2015, 12:27:30 PM |
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Lol Darkcoin is like super stable . It's incredible !  This is the power of Darkcoin that it is still stable after what happened with Bitcoin. |
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stonehedge
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Decentralize Everything
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January 15, 2015, 12:36:21 PM |
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Guys, The Bank of Swiss has put the blockade down of CHF/EUR pair ! +17% value of CHF! LOL Incredibile!
Looks like this year's ski trip is going to be more expensive than planned.  |
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toknormal
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January 15, 2015, 12:36:33 PM |
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Not even close. We are gonna see sub 100$ soon. Those bear whales didn't dump all those coins for nothing. That's not really a problem if it's one entity trying to offload coins - they'll just get massive distribution from it. It's only a problem if the market as a whole is that bearish that it would let the valuation go to those levels without any buyback. That doesn't seem the least bit the case. |
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illodin
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January 15, 2015, 12:46:37 PM |
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Not even close. We are gonna see sub 100$ soon. Those bear whales didn't dump all those coins for nothing.
I take it you have taken a short position to support your vision? |
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RD965
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January 15, 2015, 01:44:51 PM |
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Not even close. We are gonna see sub 100$ soon. Those bear whales didn't dump all those coins for nothing. That's not really a problem if it's one entity trying to offload coins - they'll just get massive distribution from it. It's only a problem if the market as a whole is that bearish that it would let the valuation go to those levels without any buyback. That doesn't seem the least bit the case. Im sure all of us are not the only that would buy extra if it gets sub 100$, dont think so tho, 120$ support area is just too strong |
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SpreadLight
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January 15, 2015, 01:56:35 PM |
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Not even close. We are gonna see sub 100$ soon. Those bear whales didn't dump all those coins for nothing.
I take it you have taken a short position to support your vision? not really, 99% of my investment is long. Just shorting with small amount for fun. But i just don't believe that bears would stop now because it would not have achieved their goal. They need to push for sub 100$s if they wanna get what they want. |
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Pansyfaust
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January 15, 2015, 02:24:54 PM |
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Not even close. We are gonna see sub 100$ soon. Those bear whales didn't dump all those coins for nothing.
I take it you have taken a short position to support your vision? not really, 99% of my investment is long. Just shorting with small amount for fun. But i just don't believe that bears would stop now because it would not have achieved their goal. They need to push for sub 100$s if they wanna get what they want. Explain why sub $100 is your estimate? |
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toknormal
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January 15, 2015, 02:26:15 PM |
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not really, 99% of my investment is long. Just shorting with small amount for fun. But i just don't believe that bears would stop now because it would not have achieved their goal. They need to push for sub 100$s if they wanna get what they want. Out of interest, who do you think the "bears' are ? I thought this might be what was going on as well. I always suspected that the banking establishment would have hedged itself against rising cryptocurrency value (how could they afford not to) by making sure they accumulated enough of the Bitcoin coin supply to control the market in an emergency. Such an emergency is possibly upon us with the combined effect of world stock markets stalling, collapse in oil price, general commodity collapse etc and also the potential imminent launch of the ETF. Look at what they did to gold - they managed to keep the lid on the GLD market by naked shorting it with highly levered paper in the early hours of trading when volume was thin. If they hadn't done that the QE programme wouldn't have worked because the gold price would have skyrocketed indicating a collapsing currency. Similarly I can't believe they haven't at least got contingency plans for scuttling a potential capital flight into crypto. It would have cost them peanuts to accumulate a significant portion of the bitcoin supply over the years. The one thing in our favour though - unlike GLD - they *can* run out eventually. (Just my conspiracy paranoia working overtime...seriously though...  ) |
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RD965
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January 15, 2015, 02:47:44 PM |
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Not even close. We are gonna see sub 100$ soon. Those bear whales didn't dump all those coins for nothing.
I take it you have taken a short position to support your vision? not really, 99% of my investment is long. Just shorting with small amount for fun. But i just don't believe that bears would stop now because it would not have achieved their goal. They need to push for sub 100$s if they wanna get what they want. Explain why sub $100 is your estimate? No reason for sub 100 or two digit area, too much buying pressure down the hundreds, speculation could drive it down to 120$ tho |
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Lukas_Jackson
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January 15, 2015, 02:54:29 PM |
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not really, 99% of my investment is long. Just shorting with small amount for fun. But i just don't believe that bears would stop now because it would not have achieved their goal. They need to push for sub 100$s if they wanna get what they want. Out of interest, who do you think the "bears' are ? I thought this might be what was going on as well. I always suspected that the banking establishment would have hedged itself against rising cryptocurrency value (how could they afford not to) by making sure they accumulated enough of the Bitcoin coin supply to control the market in an emergency. Such an emergency is possibly upon us with the combined effect of world stock markets stalling, collapse in oil price, general commodity collapse etc and also the potential imminent launch of the ETF. Look at what they did to gold - they managed to keep the lid on the GLD market by naked shorting it with highly levered paper in the early hours of trading when volume was thin. If they hadn't done that the QE programme wouldn't have worked because the gold price would have skyrocketed indicating a collapsing currency. Similarly I can't believe they haven't at least got contingency plans for scuttling a potential capital flight into crypto. It would have cost them peanuts to accumulate a significant portion of the bitcoin supply over the years. The one thing in our favour though - unlike GLD - they *can* run out eventually. (Just my conspiracy paranoia working overtime...seriously though... ) Everybody saw what has been happening while Mintpal was operating. I'm sure they were involved in pumps. Big pumps. Before them there were others. We don't know how many people were in those pump-groups, how many groups were there nor how many btc they gained. Could be 10s, 100s thousand. Who knows? |
It is easier to be an aggressive victim than to be a free man.
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TanteStefana2
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January 15, 2015, 03:09:43 PM |
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Anyone remember fiatleak.com from rampup days ? Take a look at it now - it resembles December 2013 but this time much more buying from the west and loads of gongs... http://fiatleak.comWhat are the gongs? |
Another proud lifetime Dash Foundation member  My TanteStefana account was hacked, Beware trading "You'll never reach your destination if you stop to throw stones at every dog that barks."Sir Winston Churchill BTC: 12pu5nMDPEyUGu3HTbnUB5zY5RG65EQE5d |
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SpreadLight
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January 15, 2015, 03:15:01 PM |
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not really, 99% of my investment is long. Just shorting with small amount for fun. But i just don't believe that bears would stop now because it would not have achieved their goal. They need to push for sub 100$s if they wanna get what they want. Out of interest, who do you think the "bears' are ? I thought this might be what was going on as well. I always suspected that the banking establishment would have hedged itself against rising cryptocurrency value (how could they afford not to) by making sure they accumulated enough of the Bitcoin coin supply to control the market in an emergency. Such an emergency is possibly upon us with the combined effect of world stock markets stalling, collapse in oil price, general commodity collapse etc and also the potential imminent launch of the ETF. Look at what they did to gold - they managed to keep the lid on the GLD market by naked shorting it with highly levered paper in the early hours of trading when volume was thin. If they hadn't done that the QE programme wouldn't have worked because the gold price would have skyrocketed indicating a collapsing currency. Similarly I can't believe they haven't at least got contingency plans for scuttling a potential capital flight into crypto. It would have cost them peanuts to accumulate a significant portion of the bitcoin supply over the years. The one thing in our favour though - unlike GLD - they *can* run out eventually. (Just my conspiracy paranoia working overtime...seriously though... ) There is nothing paranoid or conspiracy about it. My main suspect would be Winklevoss twins are dumping their stash gradually and they are gonna buy back at the bottom right before they publicly make bitcoin available to stock traders. They already registered "COIN" ticker and I think they are close to a public announcement about their next move. Most probably the timing will be around early spring. That's when FED is expected to raise the interest rate. Higher interest rate will probably slow down the artificial (it is artificial because stock market boom is not complimented by the real economic growth. it is mainly companies buying their own stocks because credit is so cheap) price increase of Dow and S&P because it will be harder to find cheap cash to dump on stocks. When traders notice that the stock market's steam is running out, they will be desperate to look for alternative lucrative bubbles- that's when bitcoin should come to focus again. And that's when Winklevoss twins should be opening their arms to those traders. But the reason why I think dump is not over is because herd usually buy at the top and sell at the bottom. And bitcoin bears have to push it even lower to create a major panic dumping. That's why I don't think we have seen a real panic yet. I still strongly believe that we might see a double digit price for bitcoin soon. But again, just like all of you guys, i also don't have a crystal ball. @Pansyfaust hope that answers to your question as well. |
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toknormal
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January 15, 2015, 03:20:36 PM |
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My main suspect would be Winklevoss twins are dumping their stash gradually and they are gonna buy back at the bottom right before they publicly make bitcoin available to stock traders Thats an interesting one. Hadn't thought of it. |
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toknormal
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January 15, 2015, 03:21:11 PM |
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What are the gongs?
Every 20 BTC I think it is you get a gong sound. |
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TanteStefana2
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January 15, 2015, 03:24:50 PM |
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What are the gongs?
Every 20 BTC I think it is you get a gong sound. Oh, ok, thanks  |
Another proud lifetime Dash Foundation member My TanteStefana account was hacked, Beware trading "You'll never reach your destination if you stop to throw stones at every dog that barks."Sir Winston Churchill BTC: 12pu5nMDPEyUGu3HTbnUB5zY5RG65EQE5d |
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splawik21
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DASH is the future of crypto payments!
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January 15, 2015, 03:32:20 PM |
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Interesting point of view SpreadLigh.
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BE SMART, USE DASH ( ͡° ͜ʖ ͡°) |
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Minotaur26
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January 15, 2015, 03:37:39 PM |
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My conspiracy theory is Bitstamp needed to buy back the coins they lost to balance their books and the best way to do that was crashing the price.
The price on January 4th was around 285 USD and they lost ~18K BTC or ~5.1M USD at the time. They decided to cover the loss in BTC for their customers, they didn't have any option but to absorb the loss and respect the BTC balances of their customers in the exchange accounts.
But did they really had all those coins? Or were their books unbalanced and operating on fractional reserve, so that if everybody withdrew at the same time they wouldn't be able to honor all of the coins. And even if they did, how to recover their losses?
Answer: crash the price. At the bottom of the crash on Bitstamp 152 USD, getting the 18K back was ~2.7M USD, that is almost half the amount of the original loss. Obviously I am just speculating, but they definitely benefited from the crash, that conveniently happened right after they "lost" all those coins.
This unregulated market definitely needs a decentralized trust-less exchange, so we don't have to guess.
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