Who is buying expensive bitcoins?

[genuise]

Why someone need to buy in big chunks and influencing the price up in quick moves

instead be patient and buy in small chunks cheapper but longer in time?

who is in a hurry?

thanks

[smoothie]

Why someone need to buy in big chunks and influencing the price up in quick moves

instead be patient and buy in small chunks cheapper but longer in time?

who is in a hurry?

thanks

Translation: "Slow down so I can buy cheap bitcoins too." 

[ineededausername]

Why someone need to buy in big chunks and influencing the price up in quick moves

instead be patient and buy in small chunks cheapper but longer in time?

who is in a hurry?

thanks

if you think this is expensive, wait til you see the result of the reward drop...

[ElectricMucus]

to participate and encourage others in panic buying.

Also since most trading rules suggest entry after some previous high is surpassed it becomes a self-fullfilling prophecy. Then it depends on somebody with alot of coins to shoot it down.

[bracek]

I was just wondering,
is this new money that is buying btc
or the money that has been sitting on exchanges for a while , waiting for a trigger ?

[Mageant]

If my calculations are correct then Pirate needs to buy at least 3k BTC per day.
That's about 5% of the trade volume on Mt. Gox.

[rini17]

Why someone need to buy in big chunks and influencing the price up in quick moves

instead be patient and buy in small chunks cheapper but longer in time?

who is in a hurry?

thanks

Translation: "Slow down so I can buy cheap bitcoins too." 

No, seriously, I learned to prefer buying small amount every day. Bought this way 200 euro worth of btc in course of approx. one month, teached myself patience and in the end got quite good average price due to cost averaging effect. Plus I did not buy immediately, just placed my buy orders near the top. But that was in March when there was not clear trend. Don't know if I would do it now because of such bullish market... but probably yes, everything may change any time.

[genuise]

Why someone need to buy in big chunks and influencing the price up in quick moves

instead be patient and buy in small chunks cheapper but longer in time?

who is in a hurry?

thanks

Translation: "Slow down so I can buy cheap bitcoins too." 

No, seriously, I learned to prefer buying small amount every day. Bought this way 200 euro worth of btc in course of approx. one month, teached myself patience and in the end got quite good average price due to cost averaging effect. Plus I did not buy immediately, just placed my buy orders near the top. But that was in March when there was not clear trend. Don't know if I would do it now because of such bullish market... but probably yes, everything may change any time.

Funny translation

But I will not buy at this price

Although, I am interested in understanding how to buy/sell wise taking the most good price at any current market conditions.

I believe that patience in ralatively stable trend conditions can help extract good price while selling or buying over just simple unload of big order, causing even panic.

[niko]

Not much to add to what was already told here. All I can tell with certainty: it's not me.
As for the theories:

• someone needs lots of coins right away. For example, to pay people out.
• someone believes the market will remain bullish, and wants to get on in ASAP
• someone wants to cause panic buying based on the previous point. Pump and dump.
  

[conspirosphere.tk]

• someone needs lots of coins right away. For example, to pay people out.
• someone believes the market will remain bullish, and wants to get on in ASAP
• someone wants to cause panic buying based on the previous point. Pump and dump.
  

So whatever it is, a trainwreck is imminent.
Interesting, it makes sense.
Anyone here is buying high?

[jwzguy]

No one anywhere is buying high.

[Bjork]

Buy now, we ain't going back down soon.

You heard it from the mouth of a bear.

[genuise]

Not much to add to what was already told here. All I can tell with certainty: it's not me.
As for the theories:

• someone needs lots of coins right away. For example, to pay people out.
• someone believes the market will remain bullish, and wants to get on in ASAP
• someone wants to cause panic buying based on the previous point. Pump and dump.
  

2 probably but this how bubles are formed... does the dynamics of increase support this?

3 it is only guessing but also probable (but I am actually do not support it) recen events prooved that participants are not nervous

1 this would be really interesting and preferable, but here come main difficulties - for example as I personally would accept payment in bitcoins over bank transfers from my foriegn partners to avoid bank fees, to avoid taxes on my partners side, to avoid taxes on my side, not to show any business at all

But this reasons mostly will not be supported by my partners - they have well esteblished business and the do not want to have any problems with tax authorities. So at current moment they still prefer paying bank fees and taxes.

So what business can accept business operations in big sums in bitcoins? Does anyone have successful examples of such business transfers? What was your experience and how did you convince your partners to abandone banking system and taxes and move operations to bitoins?

[Spekulatius]

If my calculations are correct then Pirate needs to buy at least 3k BTC per day.
That's about 5% of the trade volume on Mt. Gox.

Actually Pirate does not need to buy anything to pay interest to his lenders, he can just use the funds of new loans coming in, at least till the influx of new funds declines significantly, like a market saturation would cause. Dont know if we are there yet.

[bitcoinbear]

If my calculations are correct then Pirate needs to buy at least 3k BTC per day.
That's about 5% of the trade volume on Mt. Gox.

Actually Pirate does not need to buy anything to pay interest to his lenders, he can just use the funds of new loans coming in, at least till the influx of new funds declines significantly, like a market saturation would cause. Dont know if we are there yet.

That sounds an awful lot like a ponzi scheme - using an increasing amount of new users to make payments to existing users.

[Drifter]

It's across all major exchanges and every currency, doubt this is a buy in.

Arbitrage traders even the market price if there is a large buy in on one exchange.

[genuise]

Good point, it was on intersango too though and no one has been getting money into there for a while now, I'd guess there was something between 1/2 an 1 million dollars in large lump sums yesterday, mostly on gox though.

To be correct on Gox orderbook there is $2.1M - $2.2M against 100k BTC for last 24 hours, an this relation is not changed much during last rise from 10.5 to 11.

[ElectricMucus]

Buy now, we ain't going back down soon.

You heard it from the mouth of a bear.

You just have a bear as avatar which doesn't make you a bear.

[CoinCidental]

have a look a at intersango

the GBP buying is out of control

i think it all the people who are scared intersango is going to default (since GBP withdrawls are still blocked )

combined with everyone whose needed coins the last 3 weeks when the 3 stoges were on holiday and interango

was unoperational

if i had anything deposited there ,i would join them and withdraw it ASAFP!

[dopamine]

Hope intersango dies with bitcoinica, withdrawl your bitcoins now they can't be trusted