Bitcoin Forum
December 11, 2024, 07:30:57 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: who benifit most from the btc price drop  (Read 1406 times)
BTCFE (OP)
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile WWW
September 09, 2011, 01:37:00 AM
 #1

is there any person or organization?
what do you think?
Cosbycoin
Hero Member
*****
Offline Offline

Activity: 980
Merit: 506



View Profile
September 12, 2011, 10:56:46 PM
 #2

Those who can buy a load of them.
JonHind
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
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.
infofront
Legendary
*
Offline Offline

Activity: 2660
Merit: 2868


Shitcoin Minimalist


View Profile
September 13, 2011, 02:51:21 AM
 #4

Pretty much any speculator or investor.
jduck1987
Member
**
Offline Offline

Activity: 81
Merit: 10



View Profile
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
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
September 13, 2011, 03:43:07 AM
 #6

Me by buying them up  Wink
maryamchaudhary
Newbie
*
Offline Offline

Activity: 2
Merit: 0



View Profile WWW
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 .
Free classified
Jessica
Full Member
***
Offline Offline

Activity: 174
Merit: 100



View Profile
September 14, 2011, 11:21:51 AM
 #8

Anybody who can buy Bitcoins benefits. Anybody who owns Bitcoins doesn't. For now. Tongue
madnod
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
September 14, 2011, 06:35:58 PM
 #9

obviously not the miners, however with the current price swing people are making alot of money.
RodeoX
Legendary
*
Offline Offline

Activity: 3066
Merit: 1147


The revolution will be monetized!


View Profile
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
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
steak-knife
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
September 14, 2011, 10:29:29 PM
 #11

Anyone short on Bitcoinica.
ParrotyBit
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
September 16, 2011, 12:00:38 PM
 #12

MtGox probably benefits more than anyone else from the volatility.
speeder
Hero Member
*****
Offline Offline

Activity: 994
Merit: 501


PredX - AI-Powered Prediction Market


View Profile
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
v2.0
Legendary
*
Offline Offline

Activity: 1652
Merit: 1128



View Profile WWW
September 16, 2011, 03:25:02 PM
 #14

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

1Kz25jm6pjNTaz8bFezEYUeBYfEtpjuKRG | PGP: B5797C4F

Tired of annoying signature ads? Ad block for signatures
Syberia
Newbie
*
Offline Offline

Activity: 15
Merit: 0


View Profile
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.
Electrongolf
Full Member
***
Offline Offline

Activity: 139
Merit: 100

What's Your Gig?


View Profile WWW
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
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
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
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
September 17, 2011, 09:12:00 AM
 #18

The people who buy them low on friday and sell them high on monday
BC-Trader
Full Member
***
Offline Offline

Activity: 182
Merit: 100



View Profile
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.


████→→       ● DeepOnion                                                                       ✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯ 
████→→       ● Tor integrated, 100% anonymous!                                       Get Your FREE Coins NOW!     
████→→       ● Free Airdrop! (No ICO, No Crowdfund)                       ✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯
Troll Toll
Member
**
Offline Offline

Activity: 116
Merit: 10



View Profile
September 17, 2011, 05:05:05 PM
 #20

speculators

You gotta pay
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!