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resya
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March 05, 2015, 11:31:37 PM |
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I dont know what's going on with this giant auction but the two ETFs that are forming and getting approved are eventually going to skyrocket the bitcoin price so I don't care what happens day to day, I'm not selling my coins from now on till it passes $350
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Snipe85
Sr. Member
 Offline
Activity: 756
Merit: 250
Infleum
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March 05, 2015, 11:37:33 PM |
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I don't know why people are so excited about an auction they aren't taking part in. Not much happened after the previous ones and nothing will this time, you can go back to whatever you were doing.
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bitllionaire
Legendary
Offline
Activity: 1120
Merit: 1000
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March 05, 2015, 11:58:16 PM |
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I think that I want them to sell all the coins they have once at all, the auctions are not good at all for bitcoin, high vendor presure
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gkv9
Legendary
Offline
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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March 06, 2015, 07:40:15 AM |
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I don't know why people are so excited about an auction they aren't taking part in. Not much happened after the previous ones and nothing will this time, you can go back to whatever you were doing.
Lol, it's just about an opinion... And yes, if you don't take part in something, I don't think that you are anywhere bound to not post any opinion regarding the same. Do you mean we should first just go there, bid for 2k BTC block, and then come here and start some discussion? So, people talking about the Giants should become a Giant first, right? |
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Onestopbrokers Directory
Newbie
Offline
Activity: 49
Merit: 0
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March 06, 2015, 08:03:49 AM |
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It depends. Auctions always indicates how the price will go in the future. There is a poll on www.onestopbrokers.com about "Will Digital Currencies become more popular in 2015?" you can share your view here by selecting from the 3 answers and see what other people believe. |
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steven.G999
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March 06, 2015, 08:56:43 AM |
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These auctions do not hit the market directly. So, they are not a problem except the panic factor. and I see it's been 5 days bitcoin prices rise, is this from the effects of the auction? |
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sickpig
Legendary
Offline
Activity: 1260
Merit: 1008
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March 06, 2015, 10:58:09 AM |
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Yesterday daily volume, considering only the 4 (*) western major exchanges, was more or less 90K btc . If you take into in consideration also far-east (read: chinese) counterpart you'll reach a grand total of 520K btc. So 50K represents less than 1/10th of the daily exchanged bitcoin even in a depressed market phase like this one. That said, draw your conclusions. (*) Bitfinex, Bitstamp, BTC-e and Coinbase |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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darkmind
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March 06, 2015, 11:16:41 AM |
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None of the bidders are stupid enough to pay market price (or MORE) for bitcoin auction. all the bidders will pay BELOW whatever the market is. so I think it won't affect current price, and yeah, noone wants to sell a ton of coins for less than they bought them for unless there was a huge tax write off or something.
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dothebeats
Legendary
Offline
Activity: 3640
Merit: 1352
Cashback 15%
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March 06, 2015, 12:23:21 PM |
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None of the bidders are stupid enough to pay market price (or MORE) for bitcoin auction. all the bidders will pay BELOW whatever the market is. so I think it won't affect current price, and yeah, noone wants to sell a ton of coins for less than they bought them for unless there was a huge tax write off or something.
Bidders are also clever in terms of $$$. Sure enough, they don't want to buy in at a loss and sell-off at a loss also, so I too doubt that the auction will affect the current price. |
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gkv9
Legendary
Offline
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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March 06, 2015, 12:36:07 PM |
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None of the bidders are stupid enough to pay market price (or MORE) for bitcoin auction. all the bidders will pay BELOW whatever the market is. so I think it won't affect current price, and yeah, noone wants to sell a ton of coins for less than they bought them for unless there was a huge tax write off or something.
Bidders are also clever in terms of $$$. Sure enough, they don't want to buy in at a loss and sell-off at a loss also, so I too doubt that the auction will affect the current price. It already affected the price yesterday and I think before the auction took place... As it was settled down a bit for the bids to be testified and again sent back up a bit showing some sort of correction... I think it was more than 6 hours during which this happened, and who knows, those hours might be during the auction's run... |
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