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BTC-Graphicdesigns

sr. member

Activity: 364

Merit: 250

Quote from: BTC-Graphicdesigns on January 09, 2015, 04:39:17 AM

Quote from: BTC-Graphicdesigns on January 05, 2015, 10:29:56 AM

Quote from: Devin Chow on January 05, 2015, 03:53:09 AM

I think we'll be over $300 before Friday.

Anyone want to bet me 1 BTC?

I am in! I bet you 1BTC that the BTC price will be =< $299 by Friday 9th January 2015 12:00am West European time. We will take Coinmarketcap BTC Price as a reference.
Do we have a bet?

You owe me 1 BTC. When can I expect payment?

CHOW CHOW I want my 1 BTC right away.

BTC-Graphicdesigns

sr. member

Activity: 364

Merit: 250

Quote from: BTC-Graphicdesigns on January 05, 2015, 10:29:56 AM

Quote from: Devin Chow on January 05, 2015, 03:53:09 AM

I think we'll be over $300 before Friday.

Anyone want to bet me 1 BTC?

I am in! I bet you 1BTC that the BTC price will be =< $299 by Friday 9th January 2015 12:00am West European time. We will take Coinmarketcap BTC Price as a reference.
Do we have a bet?

You owe me 1 BTC. When can I expect payment?

Bananana

sr. member

Activity: 481

Merit: 250

Quote from: Sevvero on January 05, 2015, 05:06:46 PM

Quote from: Devin Chow on January 05, 2015, 03:53:09 AM

I think we'll be over $300 before Friday.

Anyone want to bet me 1 BTC?

Good job making bad financial decisions. family will be proud!

Its not even friday and most people think he already lost the bet, wait till friday and you might be shocked. BTC only need 1 day to increase 50$

Rawted

hero member

Activity: 742

Merit: 500

Quote from: Grinder on January 05, 2015, 04:12:03 PM

Quote from: Rawted on January 05, 2015, 03:15:02 PM

Don't forget that okcoin,houbi, and btcchina are worth over 80% of bitcoin's trading volume. They are what moves the market currently.

BTC China and I believe Huobi too charges no fees for trading, so the volume is probably mostly bots trying to trick users and other bots.

I suppose it is possible, but there's also okcoin that has ~15-20% of total network transaction volume as well. Bitstamp, prior to the hack, was less than 5% of all tx volume. The American market is not moving this vehicle.

Also, anyone else not shocked OP did not really want that bet, and probably never bought coins?

Sevvero

sr. member

Activity: 350

Merit: 255

Quote from: Devin Chow on January 05, 2015, 03:53:09 AM

I think we'll be over $300 before Friday.

Anyone want to bet me 1 BTC?

Good job making bad financial decisions. family will be proud!

Newbie1022

full member

Activity: 238

Merit: 100

Buy now, s--- blood later.

Amph

legendary

Activity: 3248

Merit: 1070

not that good imho, we are going down a bit, usually when something bad happen after the initial drop, there is another little one

Grinder

legendary

Activity: 1284

Merit: 1001

Quote from: Rawted on January 05, 2015, 03:15:02 PM

Don't forget that okcoin,houbi, and btcchina are worth over 80% of bitcoin's trading volume. They are what moves the market currently.

BTC China and I believe Huobi too charges no fees for trading, so the volume is probably mostly bots trying to trick users and other bots.

kolloh

legendary

Activity: 1736

Merit: 1023

Quote from: Rawted on January 05, 2015, 03:15:02 PM

Quote from: kolloh on January 05, 2015, 11:32:29 AM

Quote from: Rawted on January 05, 2015, 09:47:45 AM

You should have waited until China's exit on Thursday evening. This was not the buy indicator, we still have some serious dropping to do.

What China exit is happening on Thursday?

Well, since about Nov 2013, it's happened every week. China buys up late sunday night US time, sells out late thursday night US time. It's been cyclical for over a year now. Prior to that, in 2012 and early 2013, during a mostly US market, you could trade an extra 20% or so doing the weekend sell/buy. So in essence, once the price does not recover this week, and in fact plummets even more, China will either sell more on Thursday, or buy less on Sunday. Either way its going to have a large impact. Don't forget that okcoin,houbi, and btcchina are worth over 80% of bitcoin's trading volume. They are what moves the market currently.

Thanks for the info. I wasn't aware China had such an impact on the market.

Rawted

hero member

Activity: 742

Merit: 500

Quote from: kolloh on January 05, 2015, 11:32:29 AM

Quote from: Rawted on January 05, 2015, 09:47:45 AM

You should have waited until China's exit on Thursday evening. This was not the buy indicator, we still have some serious dropping to do.

What China exit is happening on Thursday?

Well, since about Nov 2013, it's happened every week. China buys up late sunday night US time, sells out late thursday night US time. It's been cyclical for over a year now. Prior to that, in 2012 and early 2013, during a mostly US market, you could trade an extra 20% or so doing the weekend sell/buy. So in essence, once the price does not recover this week, and in fact plummets even more, China will either sell more on Thursday, or buy less on Sunday. Either way its going to have a large impact. Don't forget that okcoin,houbi, and btcchina are worth over 80% of bitcoin's trading volume. They are what moves the market currently.

indiemax

hero member

Activity: 722

Merit: 500

Quote from: BTC-Graphicdesigns on January 05, 2015, 02:20:52 PM

Quote from: BTC-Graphicdesigns on January 05, 2015, 10:29:56 AM

Quote from: Devin Chow on January 05, 2015, 03:53:09 AM

I think we'll be over $300 before Friday.

Anyone want to bet me 1 BTC?

I am in! I bet you 1BTC that the BTC price will be =< $299 by Friday 9th January 2015 12:00am West European time. We will take Coinmarketcap BTC Price as a reference.
Do we have a bet?

Is my bet on or not?

Looks like he was just pumping, by Friday he will have lost 1BTC value of his buy anyway Grin

Rawted

hero member

Activity: 742

Merit: 500

Quote from: BTC-Graphicdesigns on January 05, 2015, 02:20:52 PM

Quote from: BTC-Graphicdesigns on January 05, 2015, 10:29:56 AM

Quote from: Devin Chow on January 05, 2015, 03:53:09 AM

I think we'll be over $300 before Friday.

Anyone want to bet me 1 BTC?

I am in! I bet you 1BTC that the BTC price will be =< $299 by Friday 9th January 2015 12:00am West European time. We will take Coinmarketcap BTC Price as a reference.
Do we have a bet?

Is my bet on or not?

He won't take that bet now, doubt he ever would. It's clearly obvious we will not get anywhere near $300 this week, or anytime soon.

kwukduck

legendary

Activity: 1937

Merit: 1001

I also bought a bunch, guessing there could be a bounce.
Then bitstamp went down, so i'm assuming the funds are lost :/
F5-ing for updates here...

mlferro

sr. member

Activity: 252

Merit: 250

Quote from: kolloh on January 05, 2015, 11:32:29 AM

Quote from: Rawted on January 05, 2015, 09:47:45 AM

You should have waited until China's exit on Thursday evening. This was not the buy indicator, we still have some serious dropping to do.

What China exit is happening on Thursday?

I would do the same question!
and also means that there are speculation, and many people rushing

BTC-Graphicdesigns

sr. member

Activity: 364

Merit: 250

Quote from: BTC-Graphicdesigns on January 05, 2015, 10:29:56 AM

Quote from: Devin Chow on January 05, 2015, 03:53:09 AM

I think we'll be over $300 before Friday.

Anyone want to bet me 1 BTC?

I am in! I bet you 1BTC that the BTC price will be =< $299 by Friday 9th January 2015 12:00am West European time. We will take Coinmarketcap BTC Price as a reference.
Do we have a bet?

Is my bet on or not?

kolloh

legendary

Activity: 1736

Merit: 1023

Quote from: Rawted on January 05, 2015, 09:47:45 AM

You should have waited until China's exit on Thursday evening. This was not the buy indicator, we still have some serious dropping to do.

What China exit is happening on Thursday?

njcarlos

sr. member

Activity: 280

Merit: 250

Quote from: Devin Chow on January 05, 2015, 03:53:09 AM

I think we'll be over $300 before Friday.

Anyone want to bet me 1 BTC?

You really taking bets?

ivyleague1985

newbie

Activity: 56

Merit: 0

If all the whales have turned bearish and caused the crash, then it could be the doomsday.

However, it is the theft that dump and crash the market, then there is nothing to worry about and we will recover soon.

podyx

legendary

Activity: 2338

Merit: 1035