Elwar (OP)
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 04, 2015, 02:52:48 PM |
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I just don't get it. Why would you sell so low?
And why buy bitcoins in the first place if you just planned on selling low?
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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Mellnik
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January 04, 2015, 02:53:29 PM |
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Weak hands
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kryptopojken
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January 04, 2015, 02:54:18 PM |
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I just don't get it. Why would you sell so low?
And why buy bitcoins in the first place if you just planned on selling low?
Leveraged longs feeling more pain for every dollar the price goes down
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cbeast
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Activity: 1736
Merit: 1010
Let's talk governance, lipstick, and pigs.
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January 04, 2015, 02:54:57 PM |
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It's obviously timed just right to demoralize the market. 1. Holiday weekend 2. 6th BDay 3. World of Bitcoin
Now people will laugh at World of Bitcoin in Las Vegas.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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marvinrouge
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January 04, 2015, 02:55:05 PM |
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- weak hands - short term speculators - bots - trend followers - margin calls
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goxed
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Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
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January 04, 2015, 02:56:31 PM |
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- manipulators with deep pockets
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Revewing Bitcoin / Crypto mining Hardware.
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cbeast
Donator
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Activity: 1736
Merit: 1010
Let's talk governance, lipstick, and pigs.
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January 04, 2015, 02:57:12 PM |
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- weak hands - short term speculators - bots - trend followers - margin calls
Weak hands with anything are gone long ago.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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bigtimespaghetti
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Activity: 1652
Merit: 1057
bigtimespaghetti.com
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January 04, 2015, 02:58:05 PM |
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I sold half of my 'core' position in the low to mid $300s because I suspected a washout like is coming, if I expected it this soon I would have sold more. But I do not consider myself a weak hand or a permabear- just interested in skimming some fiat along the way. Maybe I'm a mixture of bullbear, trader weak hand though?
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Elwar (OP)
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 04, 2015, 02:58:24 PM |
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Hell, I'm fine with all of the weak hands dumping their coins and sticking with their fiat as long as I can still use it at its current usefulness. More innovation is just a bonus at this point.
I don't encourage people to get into Bitcoin unless I know they actually understand the usefulness of it. The Obama/Romney voters who think everything is just fine can stick with their fiat.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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LOBSTER
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January 04, 2015, 02:58:39 PM |
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- weak hands - short term speculators - bots - trend followers - margin calls
True. + Panic sales.
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bigtimespaghetti
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Activity: 1652
Merit: 1057
bigtimespaghetti.com
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January 04, 2015, 03:00:40 PM |
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- weak hands - short term speculators - bots - trend followers - margin calls
True. + Panic sales. Yes, panic is in the air. Bitcoin has been a crash course in volatility for many including myself.
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Ibian
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Activity: 2268
Merit: 1278
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January 04, 2015, 03:01:05 PM |
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Hardcore manipulation.
I'm stuck in a dump in a foreign country as I write this. Been here 2 days longer than I planned to, and may have to stay longer, because the banking system is SLOW.
Money was in my account by friday. The local ATMs don't know about this yet, so I can't get my money until at least tomorrow if not the day after. VISA doesn't know about it so I can't even buy a ticket out of here. Had to go to a moneychanger to change some fiat to the local variety at a 31% cut. Additionally, even if VISA worked I could not use my plastic card because it wants phone verification, and my phone was stolen.
If bitcoin could be used as payment none of this would be a problem. The current mainstream payment systems are ridiculously clunky, slow, and expensive. Bitcoin as a mainstream form of payment would greatly simplify things for anyone who travels even a little bit or deals in money transactions in general. There is no question that this technology is better than anything we currently have. All that's needed is for more people to be aware of this.
There will come a time where a critical mass of people will wake up and the price will skyrocket. In a year, two years, ten. This is what the big hands are waiting for, this is why they are pushing the price down, so that they can accumulate more for cheaper off the markets. Patience.
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Look inside yourself, and you will see that you are the bubble.
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sase007
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January 04, 2015, 03:01:26 PM |
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Panic sells... or bots... who the hell knows?
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cbeast
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Activity: 1736
Merit: 1010
Let's talk governance, lipstick, and pigs.
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January 04, 2015, 03:07:30 PM |
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I love how anyone selling bitcoin is considered a "weak hand".
Maybe sellers are just smart enough to know not to hold something that has been consistently losing value for over a year?
If we have a rally, there's plenty of time to jump on board. Why expose yourself to risk when you can just sit back, short, and accumulate fiat?
Because in a panic rally, you can't log in to any exchanges.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Addition
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January 04, 2015, 03:09:50 PM |
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I'm selling right now, but that's part of my business. Most others traders are also, however for a fair premium +15% over market. I can tell you, there's certainly no shortage of clients wanting to buy right now (Have brokered over 60BTC in the past 30Hrs alone). Understand their position as they think it is cheap right now. And I, in my opinion agree that the "floor" is in this current range. But let them know, the price could go even lower, so buy at own risk. I believe a significant rebound is highly probably over next 24-30Hrs due to fiat banking money transmission times. The rest of this week is going to be very interesting
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BitCoinNutJob
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Activity: 1316
Merit: 1000
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January 04, 2015, 03:11:14 PM |
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Miners to pay for expenses, we need the overall trend line growth to kick in before the bear market stops.
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Meuh6879
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Activity: 1512
Merit: 1012
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January 04, 2015, 03:12:29 PM |
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why sell low ? because buy very low ... in short time on the black hole trading view ... in the night
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Bitcoins101
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January 04, 2015, 03:13:32 PM |
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I love how anyone selling bitcoin is considered a "weak hand".
Maybe sellers are just smart enough to know not to hold something that has been consistently losing value for over a year?
If we have a rally, there's plenty of time to jump on board. Why expose yourself to risk when you can just sit back, short, and accumulate fiat?
Because in a panic rally, you can't log in to any exchanges. Has nothing really changed since 2013? I'm confident that at least one (if not all 3, in reality) of OKCoin, 796, or BitVC will be online during a huge rally. That's all you need to get a significant position, even if the average user only keeps a small amount of fiat or cryptocurrencies on exchanges.
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cbeast
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Activity: 1736
Merit: 1010
Let's talk governance, lipstick, and pigs.
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January 04, 2015, 03:44:36 PM |
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Massive mining farms having to pay off their fiat loans, at an ever dropping conversion rate. Bitcoin started dying the day mining became centralized.
Yeah, so they wait until a holiday weekend when nobody is buying to sell. Seems legit.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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BCwinning
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January 04, 2015, 03:47:10 PM |
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people who see this as a currency and not some esoteric investment to never touch.
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The New World Order thanks you for your support of Bitcoin and encourages your continuing support so that they may track your expenditures easier.
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