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Author Topic: There may be a big bitcoin withdraw right before the 17th.  (Read 848 times)
Minsc
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September 14, 2011, 05:21:37 AM
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http://www.ronpaulwins.com/
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On September 17, 1787, the Constitution was adopted by the United States.

On September 17, 2011, supporters of freedom and liberty will donate to the Ron Paul for President 2012 campaign, and launch him to victory.

Bitcoin is very big among Ron Paul supports.  http://www.ronpaulforums.com/showthread.php?289898-What-is-with-the-bitcoin-obsession

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Edward50
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September 14, 2011, 06:11:27 AM
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What do you mean by bitcoin withdraw?

From that link you sent it seems negative. I also agree with this person. Personally I would not want to hold lots of bitcoins. First it is too volatile. Second, It is way too easily hacked. If I held like 10K in bitcoins, I would be deathly worried about my wallet being hacked and my bitcoins stolen, and then I could do nothing to get them back.


Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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September 14, 2011, 06:33:37 AM
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If the withdrawal was to happen it should be happening right now, so there's enough time to transfer the bitcoins, sell them on MtGox and get the cash out again.  Trade volumes have been very low and bitcoin's price is quite stable right now.  I don't think the Ron Paul factor will lead to any significant action.

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Cosbycoin
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September 14, 2011, 06:33:41 AM
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What do you mean by bitcoin withdraw?

From that link you sent it seems negative. I also agree with this person. Personally I would not want to hold lots of bitcoins. First it is too volatile. Second, It is way too easily hacked. If I held like 10K in bitcoins, I would be deathly worried about my wallet being hacked and my bitcoins stolen, and then I could do nothing to get them back.



If you look at the 1 year chart on a daily candlestick and calculate the mean for the last 365 days you will see that when we hit $4.20 we touched the mean/average.

Given how bubble cycles work, we should pass through the mean value (currently $4.65) and hit much lower values.

Also it does not appear that the recent movement has confirmed any breakout to the upside.

My prediction: We are headed for the $2.50 range and possibly lower over the next few weeks.
tvbcof
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September 14, 2011, 07:09:09 AM
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...
My prediction: We are headed for the $2.50 range and possibly lower over the next few weeks.

That would be terrific.  I was only going to get 100 BTC, but I screwed up and got to many and couldn't find anything else I wanted to dump USD into either.  If they get that low and the network itself remains sound, I'll add a zero to my initial target.  And pick up a couple hundred extra to lose while trying my hand at trading or blow on overpriced trinkets available from the Bitcoin entrepreneurs.  Ya, I'm in the red so far (on my BTC speculations that is) and it seems very possible that that will be the end state.  I hope not, but if so I'll survive.

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