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Author Topic: who benifit most from the btc price drop  (Read 1234 times)
BTCFE
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September 09, 2011, 01:37:00 AM
 #1

is there any person or organization?
what do you think?
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Cosbycoin
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September 12, 2011, 10:56:46 PM
 #2

Those who can buy a load of them.
JonHind
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September 12, 2011, 11:13:35 PM
 #3

The 'last' time MtGox was hacked, they tried to crash the price of BTC's so that they could withdraw as many BTC's into offsite wallets. Back then, MtGox had a $1000 per day withdrawal limit which could be in $$$ or $1000 worth of BTC's.

The hackers tried to sell off a load of their stolen bitcoins at very low prices which saw the price of the bitcoin crash, and this allowed them to transfer a lot more bitcoins than they should have had off of the site.

Since the hack, MtGox also puts a fixed limit on the number of bitcoins you can withdraw per day.
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September 13, 2011, 02:51:21 AM
 #4

Pretty much any speculator or investor.
jduck1987
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September 13, 2011, 03:40:15 AM
 #5

Everyone can benefit from Bitcoins, as far as who benefits the most I would say "Day Traders". You don't have to mine or open a online store to make money from Bitcoins, I have just recently stared to mine Bitcoins on a small scale. I have however been trading Bitcoins on various markets for quite some time. I had no long term investments and I never had more money tied up in Bitcoins than I wanted to.
zjbcoins
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September 13, 2011, 03:43:07 AM
 #6

Me by buying them up  Wink
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September 13, 2011, 02:53:45 PM
 #7

well i am also agree with the above user those who buy could get benefit else then other
i done this business for many years but now i left it .
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Jessica
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September 14, 2011, 11:21:51 AM
 #8

Anybody who can buy Bitcoins benefits. Anybody who owns Bitcoins doesn't. For now. Tongue
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September 14, 2011, 06:35:58 PM
 #9

obviously not the miners, however with the current price swing people are making alot of money.
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September 14, 2011, 07:13:00 PM
 #10

Those who practice arbitrage may benefit from price drops. Although it is more the volatility than the drop.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

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steak-knife
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September 14, 2011, 10:29:29 PM
 #11

Anyone short on Bitcoinica.
ParrotyBit
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September 16, 2011, 12:00:38 PM
 #12

MtGox probably benefits more than anyone else from the volatility.
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September 16, 2011, 12:08:24 PM
 #13

I wonder who is the person that osld 750 BTC and then bought 750 BTC on mtgox...

What is the point? Make a huge spread and then daytrade?

BadBear
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September 16, 2011, 03:25:02 PM
 #14

Me!  I'll gobble them up when they get low enough!

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September 16, 2011, 05:16:07 PM
 #15

Me.  I made $37 in ~3 hours yesterday transferring my BTC to i0c, waiting for the price to go up, and then selling them.
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September 16, 2011, 11:49:24 PM
 #16

I think businesses benefit from the price drop. Lower the price, and people are more likely to buy BTC and spend. The ability to buy things is the real value in BTC, not the price.

People worried about price are trying to make a quick buck. The reality is, if people start spending, as opposed to speculating, the price will go up in the long run.




turquoise9955
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September 17, 2011, 03:48:30 AM
 #17

Me.  I made $37 in ~3 hours yesterday transferring my BTC to i0c, waiting for the price to go up, and then selling them.
whats i0c?
endercoin
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September 17, 2011, 09:12:00 AM
 #18

The people who buy them low on friday and sell them high on monday
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September 17, 2011, 04:00:17 PM
 #19

MTGOX is a terrible exchange with poor security with an almost monopoly over trading volume.


Personally I think insiders on MTGOX may be making out very well on these drops

BTC is still a massive bubble until less then a dollar. There is little use for them an incredible selling pressure.

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September 17, 2011, 05:05:05 PM
 #20

speculators

You gotta pay
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