ivyleague1985 (OP)
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January 21, 2015, 12:58:29 AM |
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When we are talking about market reaction, we are narrowly minded to consider coins on the exchanges only.
Actually, coins on the exchange are just a minor portion of the entire pie and it suffers from severe manipulation.
To me, the true market reaction is that "if the large amount of coins off the exchanges are being sold by early adopters or not".
So far the answer is NO. And that is the most important market reaction we should keep in mind.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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deine mudder
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Activity: 56
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January 21, 2015, 04:42:34 AM |
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When we are talking about market reaction, we are narrowly minded to consider coins on the exchanges only.
Actually, coins on the exchange are just a minor portion of the entire pie and it suffers from severe manipulation.
To me, the true market reaction is that "if the large amount of coins off the exchanges are being sold by early adopters or not".
So far the answer is NO. And that is the most important market reaction we should keep in mind.
Once they dump their bags on the exchanges and abandon Bitcoin for something better ... the small people are left holding the bag. |
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phillipsjk
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Activity: 1008
Merit: 1001
Let the chips fall where they may.
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January 21, 2015, 08:49:21 AM |
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Once they dump their bags on the exchanges and abandon Bitcoin for something better ... the small people are left holding the bag.
I am starting to see a lot of people going on about "bag holders" on the forum. As if they are all reading from the same script. My theory: most bought last December-January, and are upset Bitcoin lost over 70% of its' value. I still think it will go over $10,000 per coin. No idea if it will be anytime soon though. |
James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE 0A2F B3DE 81FF 7B9D 5160 |
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Q7
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January 21, 2015, 10:02:08 AM |
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When we are talking about market reaction, we are narrowly minded to consider coins on the exchanges only.
Actually, coins on the exchange are just a minor portion of the entire pie and it suffers from severe manipulation.
To me, the true market reaction is that "if the large amount of coins off the exchanges are being sold by early adopters or not".
So far the answer is NO. And that is the most important market reaction we should keep in mind.
And that is a good observation pointed out. I would like to believe that there is no panic selling taking place and the early adopters are definitely holding on to their coins. The drop is supposedly caused by those who held on to small amounts of bitcoins, most probably by miners dumping their stash where the sellers are trying to undercut each others' price and brought it lower. |
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B.A.S.
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January 21, 2015, 02:26:08 PM |
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Once they dump their bags on the exchanges and abandon Bitcoin for something better ... the small people are left holding the bag.
I am starting to see a lot of people going on about "bag holders" on the forum. As if they are all reading from the same script. My theory: most bought last December-January, and are upset Bitcoin lost over 70% of its' value. I still think it will go over $10,000 per coin. No idea if it will be anytime soon though. ^This What we have on this forum is a bunch of butthurt 20-somethings who "invested" some cash (or credit) just after the ATH in 2013 was reached looking to get rich. The price will climb once more, I'm just not sure everyone "invested" has the luxury of waiting. |
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NotLambchop
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January 21, 2015, 02:31:05 PM |
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... coins on the exchange are just a minor portion of the entire pie ...
Let me guess--you're buying BTC off-exchange at double the price? To be that clever  |
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BrewCrewFan
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January 21, 2015, 02:35:59 PM |
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Once they dump their bags on the exchanges and abandon Bitcoin for something better ... the small people are left holding the bag.
I am starting to see a lot of people going on about "bag holders" on the forum. As if they are all reading from the same script. My theory: most bought last December-January, and are upset Bitcoin lost over 70% of its' value. I still think it will go over $10,000 per coin. No idea if it will be anytime soon though. ^This What we have on this forum is a bunch of butthurt 20-somethings who "invested" some cash (or credit) just after the ATH in 2013 was reached looking to get rich. The price will climb once more, I'm just not sure everyone "invested" has the luxury of waiting. Thats 99% of the problem people wanting to get rich quick. Of course it did not help when the idiot media jumped on and pumped it up. It got people who dont have the know how let alone sense to understand BTC. I think those of us who were in BTC back before the last bubble came, understand what can happen. I think most of us just shrug it off as "whateva" and go along and keep grabbing BTC ... more so now at these prices. Not worried one bit. |
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kwukduck
Legendary
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Activity: 1937
Merit: 1001
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January 21, 2015, 03:41:41 PM |
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Once they dump their bags on the exchanges and abandon Bitcoin for something better ... the small people are left holding the bag.
Best idea ever, use your money to invest in the next best scam coin or pump'n'dump. But they aren't all like that, you say... Well good luck with that then, you should remember the thing with the bag for future reference to yourself though... |
14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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freebit13
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January 23, 2015, 08:07:21 PM |
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When we are talking about market reaction, we are narrowly minded to consider coins on the exchanges only.
Actually, coins on the exchange are just a minor portion of the entire pie and it suffers from severe manipulation.
To me, the true market reaction is that "if the large amount of coins off the exchanges are being sold by early adopters or not".
So far the answer is NO. And that is the most important market reaction we should keep in mind.
I'm not sure how exactly how you would measure that, but there was quite a spike in bitcoin days destroyed over Dec/Jan, which could have been "early adopter coins" being sold off or moved on to exchanges or something like that... just a thought. https://blockchain.info/charts/bitcoin-days-destroyed |
Decentralize EVERYTHING!
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mlferro
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January 24, 2015, 01:38:15 AM |
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... coins on the exchange are just a minor portion of the entire pie ...
Let me guess--you're buying BTC off-exchange at double the price? To be that clever as well, I did not understand. How can buying BTC off-exchange? |
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jaberwock
Legendary
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Activity: 2548
Merit: 1073
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January 24, 2015, 01:43:45 AM |
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... coins on the exchange are just a minor portion of the entire pie ...
Let me guess--you're buying BTC off-exchange at double the price? To be that clever as well, I did not understand. How can buying BTC off-exchange? by not using exchange to buy? Like person to person, like you buy stuff in store? |
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freebit13
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January 24, 2015, 05:57:22 AM |
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as well, I did not understand. How can buying BTC off-exchange?
Localbitcoins.com... it's peer-to-peer. |
Decentralize EVERYTHING!
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caga
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Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
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January 24, 2015, 09:48:53 AM |
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No trading No harm
How will people buy bitcoins then ? |
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okthen
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January 25, 2015, 02:01:30 AM |
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I don't think you can call coins in exchanges a minor portion, and they affect the price people buy and sell them even off trading platforms.
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Brewins
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Activity: 1120
Merit: 1000
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January 25, 2015, 05:04:21 AM |
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I don't think you can call coins in exchanges a minor portion, and they affect the price people buy and sell them even off trading platforms.
in fact there is no way to know, since bitcoin mining is not world wide regulated. But I'm sure big miners don't sell their coins on exchange, when there are people that pay a premium for them |
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