Notice how the price declines only on a late American evening.

[Dr. Glamorian]

If these dumps occurred during the day time, these low prices would not stand.

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[adamstgBit]

Jr. Member

what do you mean, "these low prices will not stand"?

[smoothie]

Jr. Member

what do you mean, "these low prices will not stand"?

"these prices will sit down"

[Dr. Glamorian]

Jr. Member

what do you mean, "these low prices will not stand"?

The price is quickly bought up after every dump only to face another minor one. Sale after sale, the price remains resilient. We all know where the price ought to be.

We can deny it in the face of a greater fantasy, however: Cheap Bitcoins.

[adamstgBit]

Jr. Member

what do you mean, "these low prices will not stand"?

The price is quickly bought up after every dump only to face another minor one. Sale after sale, the price remains resilient. We all know where the price ought to be.

We can deny it in the face of a greater fantasy, however: Cheap Bitcoins.

yes the market has been really bullish lately

and that's because we saw a 1/4 million dollar wall get sold into at 6.50

since then its been clear someone ( or a group of people ) is trying to buy ALOT of bitcoin.

the market realized this and the price kept shooting up as he bought out every trigger we left

Just b4 he put up a 1/2 million dollar wall at 9.00ish

price is rising as a reaction to someone trying to buy a lot, that is all.

if this guy still wants to buy more it will go higher,
once hes done buying.... price is going to go back down to about 7 - 8


I welcome you to the speculation forum and hope to see you here again!

[ineededausername]

The price is quickly bought up after every dump only to face another minor one. Sale after sale, the price remains resilient. We all know where the price ought to be.

"If only nobody sold, then it would go to $100."

no shit sherlock

[evoorhees]

price is rising as a reaction to someone trying to buy a lot, that is all.

Agree.

once hes done buying.... price is going to go back down to about 7 - 8

Disagree.  After he's done buying, the number of coins available/on the market will be half a million dollars worth fewer. It's unlikely the price would settle so low after so many on-market coins are removed. Also account for lingering speculative froth from participants knowing a rich guy has bought in to the system. And there will be more rich guys...

[sunnankar]

Also account for lingering speculative froth from participants knowing a rich guy has bought in to the system. And there will be more rich guys...

What are you talking about? Why would rich people like Bitcoin?

[adamstgBit]

price is rising as a reaction to someone trying to buy a lot, that is all.

Agree.

once hes done buying.... price is going to go back down to about 7 - 8

Disagree.  After he's done buying, the number of coins available/on the market will be half a million dollars worth fewer. It's unlikely the price would settle so low after so many on-market coins are removed. Also account for lingering speculative froth from participants knowing a rich guy has bought in to the system. And there will be more rich guys...

i agree, the fact that there is less coins will add value to all the other coins, sure. But he bought most of them at 6.50, so exactly how much more value should each coin be once hes done? It shouldn't be the high price his last few coins were bought at... i think < 8$ is a good possibility IF hes done buying.