moriartybitcoin (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 11:52:36 PM |
|
The real reason is obvious! 800,000 coins stolen by MtGox are being slowly and carefully dumped on the open market, driving down the price.
The flooding of the market by the Goxxed coins will probably continue to keep the price low until they are all absorbed by investors and consumers .. how long will that take? No one knows.
|
|
|
|
newIndia
Legendary
Offline
Activity: 2226
Merit: 1052
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 11:54:28 PM |
|
Might be the effect of big merchants dumping coin as well...
|
|
|
|
newIndia
Legendary
Offline
Activity: 2226
Merit: 1052
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 12:03:09 AM |
|
If u notice carefully, while bitstamp was locked, price was rising. Because, liquidity got frozen. This was the liquidity of a trusted exchange. As soon as they are back, price is falling again.
p.s. In bitcoin, liquidity follows trust.
|
|
|
|
sobitcoin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 12:08:07 AM |
|
The real reason is obvious! 800,000 coins stolen by MtGox are being slowly and carefully dumped on the open market, driving down the price.
The flooding of the market by the Goxxed coins will probably continue to keep the price low until they are all absorbed by investors and consumers .. how long will that take? No one knows.
You really believe yourself when you say this don't you. Amazing you hold the unique sole influence on why the price of Bitcoin is down. How are the websites coming?
|
|
|
|
wickedgoodtrader
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 12:09:23 AM |
|
Or it's falling because 3600 coins a day are released and there's obv not $1 mil/usd flowing into the market on a daily basis to buy those coins. The price of BTC needs to fall ALOT more before it stops falling.
This is going to happen for another year and a half! then even once they halve it will be 1800 coins/day which is still alot for another 4 years! This pig ain't going anywhere for the next 5-10 years
|
|
|
|
moriartybitcoin (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 12:15:50 AM |
|
If u notice carefully, while bitstamp was locked, price was rising. Because, liquidity got frozen. This was the liquidity of a trusted exchange. As soon as they are back, price is falling again.
p.s. In bitcoin, liquidity follows trust.
very valid insight, thank you
|
|
|
|
moriartybitcoin (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 12:16:40 AM |
|
Or hostile gov't regulation
govt regulation is mostly viewed as favorabl, legitimizing the currency corporations love regulation because it increases barriers to entry for their competitors
|
|
|
|
moriartybitcoin (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 12:17:46 AM |
|
Might be the effect of big merchants dumping coin as well...
big merchants dont hold coin .. they use Bitstamp or CoinBase to convert bitcoin payments to USD instantly. Even Overstock only keeps 10% of the bitcoin it receives as Bitcoin, cashing out the rest as USD
|
|
|
|
dropt
Legendary
Offline
Activity: 1512
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 01:09:24 AM |
|
The real reason is obvious! 800,000 coins stolen by MtGox are being slowly and carefully dumped on the open market, driving down the price.
The flooding of the market by the Goxxed coins will probably continue to keep the price low until they are all absorbed by investors and consumers .. how long will that take? No one knows.
Gox did not lose 800,000 BTC. If they did surely you can show us where and when those coins were taken, yes? There has been a shift in miners, goals of market speculators, and merchant adoption. I would argue that these are the primary reasons for the continued bear market.
|
|
|
|
pedrog
Legendary
Offline
Activity: 2786
Merit: 1031
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 02:26:11 AM |
|
What if I tell you there's no collapse, just a market "correction". ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fartoflivingsblog.files.wordpress.com%2F2012%2F07%2Fmatrix_spoon2.jpg&t=665&c=yx21IUO-runvfA)
|
|
|
|
NotHatinJustTrollin
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 462
Merit: 107
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 02:36:13 AM |
|
What if I tell you there's no collapse, just a market "correction". ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fartoflivingsblog.files.wordpress.com%2F2012%2F07%2Fmatrix_spoon2.jpg&t=665&c=yx21IUO-runvfA) What if I tell you there is no bottom? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FB7GCAElCUAAxfkY.jpg&t=665&c=HRq29yFVE24wIg)
|
|
|
|
pedrog
Legendary
Offline
Activity: 2786
Merit: 1031
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 02:41:23 AM |
|
What if I tell you there's no collapse, just a market "correction". ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fartoflivingsblog.files.wordpress.com%2F2012%2F07%2Fmatrix_spoon2.jpg&t=665&c=yx21IUO-runvfA) What if I tell you there is no bottom? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FB7GCAElCUAAxfkY.jpg&t=665&c=HRq29yFVE24wIg) You are correct! Edit: actually there is, it's 0...
|
|
|
|
cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 03:41:42 AM |
|
What if I tell you there's no collapse, just a market "correction". ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fartoflivingsblog.files.wordpress.com%2F2012%2F07%2Fmatrix_spoon2.jpg&t=665&c=yx21IUO-runvfA) What if I tell you there is no bottom? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FB7GCAElCUAAxfkY.jpg&t=665&c=HRq29yFVE24wIg) You are correct! Edit: actually there is, it's 0... But that day is not today and it doesn't look like it will be for many years, or decades.
|
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
|
|
|
Omikifuse
Legendary
Offline
Activity: 1806
Merit: 1009
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 03:42:41 AM |
|
or people scared about more coins from SR and stamp being dumped at sight
|
|
|
|
cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 03:45:37 AM |
|
or people scared about more coins from SR and stamp being dumped at sight
SR coins can't be dumped. They are auctioned. Stamp is only 5-6 day worth of mining. It's a bear cub, not a bear whale.
|
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
|
|
|
tabnloz
Legendary
Offline
Activity: 961
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 03:48:57 AM |
|
gox-illicit market-stamp coins are part of it. traders also have the trend and they are giving bitcoin the treatment. bitcoin was a largely untapped market for traders and they are schooling it. they want dumps, they want bumps, they want volatility. they want to see presumptins of support broken. my two pence says we r looking at 200 before this bear gets put back in its cage.
|
|
|
|
Raize
Donator
Legendary
Offline
Activity: 1419
Merit: 1015
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 07:19:18 AM |
|
If Bitcoin were to go to sub-$1, there are several of us here that could buy up every single one of them. It's not going to $0, let alone $2, but keep posting that it's going to $0, it helps out those of us in need, I promise. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
|
|
|
|
dinofelis
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 07:46:28 AM |
|
Or it's falling because 3600 coins a day are released and there's obv not $1 mil/usd flowing into the market on a daily basis to buy those coins. The price of BTC needs to fall ALOT more before it stops falling.
Actually, there was, as long as many of those buyers thought ("greater fool") that it was going "to the moon soon". Now that it is clear that the moon is at about 400 000 km still, that flow is drying out. You're willing to pour in a few $ 1 million a day if you think you'll get out 5 or 10 times more in 6 months from now (not realising that this means that people will have then to pour in a few $ 10 million a day, thinking that they will get out 5 or 10 times more 6 months from there, which means that they think tht people will have then to pour in a few $ 100 million a day .....). The absence of rally in november and december made these people realize that the flow of greater fools was drying out. The only fundamental price support is by necessary demand, for buying stuff (as a currency) for instance. Until last year, bitcoin's price was essentially determined by speculative "greater fool soon" hopes. These are gone now.
|
|
|
|
inca
Legendary
Offline
Activity: 1176
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 09:58:35 AM |
|
Or it's falling because 3600 coins a day are released and there's obv not $1 mil/usd flowing into the market on a daily basis to buy those coins. The price of BTC needs to fall ALOT more before it stops falling.
Actually, there was, as long as many of those buyers thought ("greater fool") that it was going "to the moon soon". Now that it is clear that the moon is at about 400 000 km still, that flow is drying out. You're willing to pour in a few $ 1 million a day if you think you'll get out 5 or 10 times more in 6 months from now (not realising that this means that people will have then to pour in a few $ 10 million a day, thinking that they will get out 5 or 10 times more 6 months from there, which means that they think tht people will have then to pour in a few $ 100 million a day .....). The absence of rally in november and december made these people realize that the flow of greater fools was drying out. The only fundamental price support is by necessary demand, for buying stuff (as a currency) for instance. Until last year, bitcoin's price was essentially determined by speculative "greater fool soon" hopes. These are gone now. Two points. It isn't in miners interest to sell coins at ever lower prices, certainly not in multi thousand coin tranches very suddenly. Simply looking at the price and corresponding volume on the charts tells the simple story that the price is being driven down by heavy selling that is not interested in obtaining best price. You are entirely wrong saying bitcoin has one fundamental price support, it's use as a nascent currency for medium of exchange. In fact speculation (hoarding) as a store of value with sound money properties are the main source or value and probably will be for decades. People will flock to bitcoin once the price rises and re enters a bull market again. The trigger could be a price point which cannot be breached by colluding whale traders or some exogenous event.
|
|
|
|
r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 10:25:12 AM |
|
This is similar to my What Might of happened at MtGox post: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fw2Ly27i.jpg&t=665&c=TYPUnI3rYXLnHQ)
|
|
|
|
|