|
bitsmichel
|
 |
June 13, 2014, 04:27:19 PM |
|
I'm enough worried about price of Bitcoin because the news that U.S. Government wants to sell 30.000 BTC yesterday evening had drop the price of 60$ !
So, only time will give us the answer !
The price change could have been caused by something else. News and price are not always directly correlated |
|
|
|
|
|
|
I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
Gianluca95
Legendary
 Offline
Activity: 1582
Merit: 1196
Reputation first.
|
|
June 13, 2014, 04:28:41 PM |
|
I'm enough worried about price of Bitcoin because the news that U.S. Government wants to sell 30.000 BTC yesterday evening had drop the price of 60$ !
So, only time will give us the answer !
The price change could have been caused by something else. News and price are not always directly correlated So please, you can teach me why price of Bitcoin is dropped when the news of U.S. Government which wants to sell Bitcoin after only few minutes? Thank you  |
|
|
|
|
bitsmichel
|
|
June 13, 2014, 04:29:33 PM |
|
I'm enough worried about price of Bitcoin because the news that U.S. Government wants to sell 30.000 BTC yesterday evening had drop the price of 60$ !
So, only time will give us the answer !
The price change could have been caused by something else. News and price are not always directly correlated So please, you can teach me why price of Bitcoin is dropped when the news of U.S. Government which wants to sell Bitcoin after only few minutes? Thank you GHash.io 51% ? |
|
|
|
Gianluca95
Legendary
Offline
Activity: 1582
Merit: 1196
Reputation first.
|
|
June 13, 2014, 04:33:08 PM |
|
I'm enough worried about price of Bitcoin because the news that U.S. Government wants to sell 30.000 BTC yesterday evening had drop the price of 60$ !
So, only time will give us the answer !
The price change could have been caused by something else. News and price are not always directly correlated So please, you can teach me why price of Bitcoin is dropped when the news of U.S. Government which wants to sell Bitcoin after only few minutes? Thank you GHash.io 51% ? No, problem of GHash.io is borned one-two weeks ago, not yesterday. I think that the drop of price is due to the news of U.S. Government. |
|
|
|
|
ZiG
|
|
June 13, 2014, 04:33:57 PM |
|
I'm enough worried about price of Bitcoin because the news that U.S. Government wants to sell 30.000 BTC yesterday evening had drop the price of 60$ !
So, only time will give us the answer !
...and the time is telling us...: DUMP...buy LOW...PUMP... sell HIGH...old Wall Street strategy... Who do you think is participating in US Gov's auction(s)...? Whoever got Millions ...like 17+ Mill...  I don't...unfortunately ... |
|
|
|
|
Gianluca95
Legendary
Offline
Activity: 1582
Merit: 1196
Reputation first.
|
|
June 13, 2014, 04:41:44 PM |
|
This is the answer that I like ! So, I think that if a group of investor that have 20 million+ may manipulate quietly the market  And it is not difficulty to find 20 million $ for only one investor |
|
|
|
|
ZiG
|
|
June 13, 2014, 04:46:28 PM |
|
This is the answer that I like ! So, I think that if a group of investor that have 20 million+ may manipulate quietly the market And it is not difficulty to find 20 million $ for only one investor Depends on how BIG is this ONE investor... For Wall Street sharks 20 Millions are pocket change...Phone call to Feds... |
|
|
|
|
Gianluca95
Legendary
Offline
Activity: 1582
Merit: 1196
Reputation first.
|
|
June 13, 2014, 04:50:06 PM |
|
This is the answer that I like ! So, I think that if a group of investor that have 20 million+ may manipulate quietly the market And it is not difficulty to find 20 million $ for only one investor Depends on how BIG is this ONE investor... For Wall Street sharks 20 Millions are pocket change...Phone call to Feds... Hey boss, I like you, I like your thought ! So, maybe we would have to call Warren Buffett and ask something, or The Wolf of Wall Street |
|
|
|
|
ZiG
|
|
June 13, 2014, 05:01:11 PM |
|
This is the answer that I like ! So, I think that if a group of investor that have 20 million+ may manipulate quietly the market And it is not difficulty to find 20 million $ for only one investor Depends on how BIG is this ONE investor... For Wall Street sharks 20 Millions are pocket change...Phone call to Feds... Hey boss, I like you, I like your thought ! So, maybe we would have to call Warren Buffett and ask something, or The Wolf of Wall Street Thanks, buddy... This is the way how they work...Day-trading since 1997... ZiG |
|
|
|
|
|
coinmaster222
|
|
June 13, 2014, 05:02:15 PM |
|
I'd say yeah. There was a huge sell wall at some point if I remember right.
|
|
|
|
Gianluca95
Legendary
Offline
Activity: 1582
Merit: 1196
Reputation first.
|
|
June 13, 2014, 05:03:41 PM |
|
This is the answer that I like ! So, I think that if a group of investor that have 20 million+ may manipulate quietly the market And it is not difficulty to find 20 million $ for only one investor Depends on how BIG is this ONE investor... For Wall Street sharks 20 Millions are pocket change...Phone call to Feds... Hey boss, I like you, I like your thought ! So, maybe we would have to call Warren Buffett and ask something, or The Wolf of Wall Street Thanks, buddy... This is the way how they work...Day-trading since 1997... ZiG Nobody know if a stock drop or move up, to the exception of Warren Buffet So invest with a high safe and try to make money |
|
|
|
icey
Legendary
Offline
Activity: 1578
Merit: 1000
May the coin be with you..
|
|
June 13, 2014, 05:35:25 PM |
|
Quite a drop over the past 24 hours but a decent rebound.
Makes you wonder what'll happen when they announce they're going to sell the 144k coins
|
|
|
|
|
|
hodap
|
|
June 13, 2014, 07:27:18 PM |
|
Quite a drop over the past 24 hours but a decent rebound.
Makes you wonder what'll happen when they announce they're going to sell the 144k coins
Hence people investing in bitcoin is really no different than gambling. |
|
|
|
|
|
CoinsCoinsEverywhere
|
|
June 13, 2014, 08:39:04 PM |
|
Psychology coupled with market technicals seem to be missing from the discussion here, so I think I'll add them. The recent rally from $450 was starting to get stale. We had two very strong moves upward to about $690, and then the price just kind of dropped to the $625-$675 range and stayed there a while--probably too long, as it turns out. My general feeling was that the market was waiting for an excuse to sell off. This is part of how auction markets work. They never move in a straight line. They go a ways, pull back, and continue on. Think about the psychology behind this. If you bought in at $450 and you're sitting there at $650 with a nice $200/BTC profit, and it doesn't break out to the upside, and then it still doesn't break out to the upside, how are you going to feel? You'd probably start to get nervous because you don't want to give back part or all of your profit. But you also don't want to miss out on more profit if it does eventually continue up. So you wait it out, looking for a reason to either sell or stay in your position. A potentially negative piece of news hits (the auction announcement), so you sell to lock in your profit, figuring the price will drop and you can buy back in lower (if you want to continue to trade). In the short term, the market simply ran out of buyers around $650, and it looked like the auction news was a reason for some people to sell. Whether or not the auction will actually affect the price after the auction is irrelevant. We had reached a point of buying exhaustion and needed to pull back. |
|
|
|
|
|
Gargulan
|
|
June 14, 2014, 07:45:31 PM |
|
Psychology coupled with market technicals seem to be missing from the discussion here, so I think I'll add them. The recent rally from $450 was starting to get stale. We had two very strong moves upward to about $690, and then the price just kind of dropped to the $625-$675 range and stayed there a while--probably too long, as it turns out. My general feeling was that the market was waiting for an excuse to sell off. This is part of how auction markets work. They never move in a straight line. They go a ways, pull back, and continue on. Think about the psychology behind this. If you bought in at $450 and you're sitting there at $650 with a nice $200/BTC profit, and it doesn't break out to the upside, and then it still doesn't break out to the upside, how are you going to feel? You'd probably start to get nervous because you don't want to give back part or all of your profit. But you also don't want to miss out on more profit if it does eventually continue up. So you wait it out, looking for a reason to either sell or stay in your position. A potentially negative piece of news hits (the auction announcement), so you sell to lock in your profit, figuring the price will drop and you can buy back in lower (if you want to continue to trade). In the short term, the market simply ran out of buyers around $650, and it looked like the auction news was a reason for some people to sell. Whether or not the auction will actually affect the price after the auction is irrelevant. We had reached a point of buying exhaustion and needed to pull back. Some people I hang out with think bitcoin will go up to 20k usd per coin. These people are playing a really long game. |
|
|
|
ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
|
|
June 14, 2014, 10:19:35 PM |
|
This is the answer that I like ! So, I think that if a group of investor that have 20 million+ may manipulate quietly the market And it is not difficulty to find 20 million $ for only one investor Depends on how BIG is this ONE investor... For Wall Street sharks 20 Millions are pocket change...Phone call to Feds... Hey boss, I like you, I like your thought ! So, maybe we would have to call Warren Buffett and ask something, or The Wolf of Wall Street Thanks, buddy... This is the way how they work...Day-trading since 1997... ZiG Nobody know if a stock drop or move up, to the exception of Warren Buffet So invest with a high safe and try to make money Noone can really tell you what will happen to the price of anything over the short term. If you can properly analyze the underlying fundamentals of an investment then you can predict how well it will perform. |
|
|
|
|
|
bitsmichel
|
|
June 14, 2014, 11:21:52 PM |
|
Quite a drop over the past 24 hours but a decent rebound.
Makes you wonder what'll happen when they announce they're going to sell the 144k coins
Hence people investing in bitcoin is really no different than gambling. Investing is often a kind of gamble. For examples, in stocks most of the people do not know if they will go up or down in advantage. |
|
|
|
ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
|
|
June 15, 2014, 04:48:26 AM |
|
Quite a drop over the past 24 hours but a decent rebound.
Makes you wonder what'll happen when they announce they're going to sell the 144k coins
Hence people investing in bitcoin is really no different than gambling. Investing is often a kind of gamble. For examples, in stocks most of the people do not know if they will go up or down in advantage. This is technically true, however if you do your research and put your money in companies/investments that are less likely to fail then this is less like gambling. |
|
|
|
|
|
transient858
|
|
June 15, 2014, 10:22:24 PM |
|
Quite a drop over the past 24 hours but a decent rebound.
Makes you wonder what'll happen when they announce they're going to sell the 144k coins
Hence people investing in bitcoin is really no different than gambling. Investing is often a kind of gamble. For examples, in stocks most of the people do not know if they will go up or down in advantage. This is technically true, however if you do your research and put your money in companies/investments that are less likely to fail then this is less like gambling. Any choice we make is not really different than gambling. We choose based on our knowledge and experience and hoping the choice of one outcome is better the choice of another outcome. |
|
|
|
|
ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
|
|
June 16, 2014, 03:27:50 AM |
|
Quite a drop over the past 24 hours but a decent rebound.
Makes you wonder what'll happen when they announce they're going to sell the 144k coins
Hence people investing in bitcoin is really no different than gambling. Investing is often a kind of gamble. For examples, in stocks most of the people do not know if they will go up or down in advantage. This is technically true, however if you do your research and put your money in companies/investments that are less likely to fail then this is less like gambling. Any choice we make is not really different than gambling. We choose based on our knowledge and experience and hoping the choice of one outcome is better the choice of another outcome. That is true but the odds are more in your favor |
|
|
|
|
|
