mc_lovin
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www.bitcointrading.com
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January 31, 2013, 05:59:48 AM |
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Canadian Tire Money rocks!!!! |
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sounds
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Activity: 140
Merit: 100
1221iZanNi5igK7oAA7AWmYjpsyjsRbLLZ
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January 31, 2013, 06:00:33 AM |
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Not a long-term bear but Avalon is going to need to dump 600 * $1,499 back into fiat currency, probably half of that before the Chinese New Year. The real question is if a larger sell off will happen to try to grab some arbitrage before Avalon moves.
I figure less than $21.00 through tomorrow, then dropping back to $18.00 or higher until after CNY.
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adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 31, 2013, 06:07:18 AM |
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Not a long-term bear but Avalon is going to need to dump 600 * $1,499 back into fiat currency, probably half of that before the Chinese New Year. The real question is if a larger sell off will happen to try to grab some arbitrage before Avalon moves.
I figure less than $21.00 through tomorrow, then dropping back to $18.00 or higher until after CNY.
when do they start taking orders? |
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notme
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Activity: 1904
Merit: 1002
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January 31, 2013, 06:07:57 AM |
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well pfft. sold my recent mined btc. figure people are going to buy avalon gear and the middleman will dump them
on the market soon after. be crazy not to.
Or a lot of folks like me and my friend are buying at market price right now, to grab BTC to order AVALON ASIC in 9 hours.. I'm pretty sure the 600 order of this morning will not affect the price at all  And Avalon, who is rushing preorders in order to pay for parts before the weekend is up will turn around and sell $1500*600 = $900,000 into the bids beginning at 9 am. Unless we get some buyers stepping up, that would take us to around $16. There's always more buyers sitting off the books, but that's still a lot of selling pressure to absorb in a day or two. |
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notme
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Activity: 1904
Merit: 1002
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January 31, 2013, 06:08:51 AM |
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Not a long-term bear but Avalon is going to need to dump 600 * $1,499 back into fiat currency, probably half of that before the Chinese New Year. The real question is if a larger sell off will happen to try to grab some arbitrage before Avalon moves.
I figure less than $21.00 through tomorrow, then dropping back to $18.00 or higher until after CNY.
when do they start taking orders? 9am EST |
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cypherdoc
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Activity: 1764
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January 31, 2013, 06:14:46 AM |
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only 7700 BTC to $20. Bids moving up:  |
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adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 31, 2013, 06:16:08 AM |
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Not a long-term bear but Avalon is going to need to dump 600 * $1,499 back into fiat currency, probably half of that before the Chinese New Year. The real question is if a larger sell off will happen to try to grab some arbitrage before Avalon moves.
I figure less than $21.00 through tomorrow, then dropping back to $18.00 or higher until after CNY.
when do they start taking orders? 9am EST it started with a million dollar pizza and it will end with 5$ super computers. Poetic Justice? |
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oakpacific
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January 31, 2013, 06:23:34 AM |
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only 7700 BTC to $20. Bids moving up: You look almost like you can't wait. |
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smoothie
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Activity: 2492
Merit: 1474
LEALANA Bitcoin Grim Reaper
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January 31, 2013, 06:23:59 AM |
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The bitcoin chart now looks like this ^ Watch out... |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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DoomDumas
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Activity: 1002
Merit: 1000
Bitcoin
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January 31, 2013, 06:24:06 AM |
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well pfft. sold my recent mined btc. figure people are going to buy avalon gear and the middleman will dump them
on the market soon after. be crazy not to.
Or a lot of folks like me and my friend are buying at market price right now, to grab BTC to order AVALON ASIC in 9 hours.. I'm pretty sure the 600 order of this morning will not affect the price at all And Avalon, who is rushing preorders in order to pay for parts before the weekend is up will turn around and sell $1500*600 = $900,000 into the bids beginning at 9 am. Unless we get some buyers stepping up, that would take us to around $16. There's always more buyers sitting off the books, but that's still a lot of selling pressure to absorb in a day or two. I'm pretty sure (I've read it somewhere a while ago) that Avalon pay some of their supplier in BTC. |
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lebing
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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January 31, 2013, 06:49:11 AM |
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The bitcoin chart now looks like this ^ Watch out... Smoothie turned bull...  |
Bro, do you even blockchain?
-E Voorhees
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smoothie
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Activity: 2492
Merit: 1474
LEALANA Bitcoin Grim Reaper
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January 31, 2013, 06:50:01 AM |
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The bitcoin chart now looks like this ^ Watch out... Smoothie turned bull... Watch out... |
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▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌
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²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩
▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`
²²²
███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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notme
Legendary
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Activity: 1904
Merit: 1002
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January 31, 2013, 06:54:57 AM |
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well pfft. sold my recent mined btc. figure people are going to buy avalon gear and the middleman will dump them
on the market soon after. be crazy not to.
Or a lot of folks like me and my friend are buying at market price right now, to grab BTC to order AVALON ASIC in 9 hours.. I'm pretty sure the 600 order of this morning will not affect the price at all And Avalon, who is rushing preorders in order to pay for parts before the weekend is up will turn around and sell $1500*600 = $900,000 into the bids beginning at 9 am. Unless we get some buyers stepping up, that would take us to around $16. There's always more buyers sitting off the books, but that's still a lot of selling pressure to absorb in a day or two. I'm pretty sure (I've read it somewhere a while ago) that Avalon pay some of their supplier in BTC. A reference would be great, but I also don't find that too hard to believe. Good news if true. |
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420
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January 31, 2013, 07:23:18 AM |
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the depth to a rally is best determined by the # of smoothie posts in the wall thread which is reaching critical mass  |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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smoothie
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Activity: 2492
Merit: 1474
LEALANA Bitcoin Grim Reaper
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January 31, 2013, 07:25:48 AM |
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the depth to a rally is best determined by the # of smoothie posts in the wall thread which is reaching critical mass lol wow I posted twice. |
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²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`
²²²
███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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jl2012
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Activity: 1792
Merit: 1111
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January 31, 2013, 07:34:09 AM |
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It'd be very stupid if Avalon is really going to dump the BTC right away. Since the price is denominated in USD but the pre-order funding is collected in BTC, dumping the BTC just means they end up with less USD.
I guess this is their plan:
1. Accumulate a lot of BTC from $13 to $17
2. Announce their 2nd batch which accepts BTC only
3. BTC/USD rate increases as demand increases
4. People buy BTC to pay for pre-order, they sell their BTC to them at current rate ($19.5)
5. They earn 15-50% profit in USD, and get all BTC sold in step 4 back as pre-order funding.
Since they have already got 15-50% extra profit in USD, they will use this to build 2nd batch and keep all BTC as profit and don't need to dump them right away.
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY)
LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC)
PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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Bitcoinpro
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January 31, 2013, 07:36:27 AM |
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dose no one see the price is being blatantly manipulated up  epic crash in 5... can you provide the links and reasons please ? |
WWW.FACEBOOK.COM
CRYPTOCURRENCY CENTRAL BANK
LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
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notme
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Activity: 1904
Merit: 1002
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January 31, 2013, 07:41:03 AM |
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dose no one see the price is being blatantly manipulated up epic crash in 5... can you provide the links and reasons please ? I'm going to take a wild guess and say no. Adam makes all kinds of shit up... he expects a dramatic move in every direction except left at all times. |
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420
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January 31, 2013, 07:42:16 AM |
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dose no one see the price is being blatantly manipulated up epic crash in 5... can you provide the links and reasons please ? If you watched http://bitcoin.clarkmoody.com/ like me and adam you shoulda been able to see it |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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notme
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Activity: 1904
Merit: 1002
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January 31, 2013, 07:57:14 AM |
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dose no one see the price is being blatantly manipulated up epic crash in 5... can you provide the links and reasons please ? If you watched http://bitcoin.clarkmoody.com/ like me and adam you shoulda been able to see it I've got that and btccharts.com open and I'll I see is the creep to $20. |
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