Topic: 2 Scenarios resulting from SD: Bearish vs. Turbo Bearish with Lasers on Top (Read 3486 times)
July 18, 2013, 02:24:22 PM
Majority of the 126k coin are going to.Eric and not the sdice holders. So it will depend on what Eric will do more than anything else
July 18, 2013, 12:46:03 PM
Please recall. It is possible that not all trades happen on the exchanges. There is a rumor that.... Bitcoins can be sent peer to peer!
July 18, 2013, 12:04:27 PM
These SD discussion is just shit.
It is not possible to sell 10000BTC without moving the price. Even worse, it is not possible to withdraw fiat from gox, and the volume of bitstamp and btce just can't support big sell. If Erik and his team want fiat, it's much better for them to sell SD for fiat or fiat + BTC.
It is not possible to sell 10000BTC without moving the price. Even worse, it is not possible to withdraw fiat from gox, and the volume of bitstamp and btce just can't support big sell. If Erik and his team want fiat, it's much better for them to sell SD for fiat or fiat + BTC.
Please recall. It is possible that not all trades happen on the exchanges. There is a rumor that.... Bitcoins can be sent peer to peer!
July 18, 2013, 11:54:08 AM
I'll vote bullish. I voted with my bitcoin.
July 18, 2013, 11:35:24 AM
The worst thing actually is that MP will get even more smug than he already is.
At last! Something we can agree on.
July 18, 2013, 11:22:22 AM
The worst thing actually is that MP will get even more smug than he already is.
July 18, 2013, 11:10:00 AM
It is not possible to sell 10000BTC without moving the price.
As long as you can sell first you are fine. Thats the deal.
July 18, 2013, 11:00:27 AM
These SD discussion is just shit.
It is not possible to sell 10000BTC without moving the price. Even worse, it is not possible to withdraw fiat from gox, and the volume of bitstamp and btce just can't support big sell. If Erik and his team want fiat, it's much better for them to sell SD for fiat or fiat + BTC.
It is not possible to sell 10000BTC without moving the price. Even worse, it is not possible to withdraw fiat from gox, and the volume of bitstamp and btce just can't support big sell. If Erik and his team want fiat, it's much better for them to sell SD for fiat or fiat + BTC.
July 18, 2013, 10:45:03 AM
Does nobody but me find it a bit scary, that a single entity could acquire ~1% of all Bitcoins in existents, in the matter of days(?) without sending the price stratospheric?
I don't know. The price did recently jump from the 60's to over 100 in a matter of a week or so. It could have been because of this? Who knows though.
plausible
July 18, 2013, 10:38:58 AM
Does nobody but me find it a bit scary, that a single entity could acquire ~1% of all Bitcoins in existents, in the matter of days(?) without sending the price stratospheric?
I don't know. The price did recently jump from the 60's to over 100 in a matter of a week or so. It could have been because of this? Who knows though.
July 18, 2013, 10:23:27 AM
Does nobody but me find it a bit scary, that a single entity could acquire ~1% of all Bitcoins in existents, in the matter of days(?) without sending the price stratospheric?
Who says days? We dont know WHO bought WHEN what amount and if they were smart they would have bought on down terms or from a large BTC holder that wants to cash out off exchanges, maybe it even IS an early adopter, who knows? It may even be Satoshi himself that wants to eradicate this gambling hell off the map of the internet, that has his name printed on its back?
Doesn't strike me as the type.
July 18, 2013, 10:23:09 AM
Why do people with shares in SD suddenly feel compelled to turn them into fiat?
Considering their sdice stock suddenly went up 50% (from 0.0020 market to 0.0035 buyout) some would already automatically have sold some sdice stock as to lower their exposure.
However now everybody got coins instead of stock, and a lot of coins considering it's 50% more coins than the value of the stock was just a few days ago.
So some will want to lower their exposure to bitcoins as it just went up a lot for them.
We are talking around 150,000 btc that went to shareholders. Say they want to sell 20% of those btc that is around 30,000 btc that will be sold.
Also all these coins were likely bought recently, so the price was likely pushed up artificially, and is now partly going back down.
Bears fail again.
Oh? Still 160 by the end of July, then? This guy..... 
July 18, 2013, 10:21:33 AM
Does nobody but me find it a bit scary, that a single entity could acquire ~1% of all Bitcoins in existents, in the matter of days(?) without sending the price stratospheric?
Who says days? We dont know WHO bought WHEN what amount and if they were smart they would have bought on down terms or from a large BTC holder that wants to cash out off exchanges, maybe it even IS an early adopter, who knows? It may even be Satoshi himself that wants to eradicate this gambling hell off the map of the internet, that has his name printed on its back?
July 18, 2013, 10:14:53 AM
Does nobody but me find it a bit scary, that a single entity could acquire ~1% of all Bitcoins in existents, in the matter of days(?) without sending the price stratospheric?
July 18, 2013, 10:12:21 AM
I think the real risk as somebody has said is there will be less people buying.
Thus we're likely to see a gradual slide as nobody is making these huge buys that caused the recovery to 90
Thus we're likely to see a gradual slide as nobody is making these huge buys that caused the recovery to 90
July 18, 2013, 10:11:15 AM
Why do people with shares in SD suddenly feel compelled to turn them into fiat?
Considering their sdice stock suddenly went up 50% (from 0.0020 market to 0.0035 buyout) some would already automatically have sold some sdice stock as to lower their exposure.
However now everybody got coins instead of stock, and a lot of coins considering it's 50% more coins than the value of the stock was just a few days ago.
So some will want to lower their exposure to bitcoins as it just went up a lot for them.
We are talking around 150,000 btc that went to shareholders. Say they want to sell 20% of those btc that is around 30,000 btc that will be sold.
Also all these coins were likely bought recently, so the price was likely pushed up artificially, and is now partly going back down.
30k BTC is a drop in the ocean.
Maybe the price will dip a bit more, but I'd say it's pretty safe to stay above 80. Maybe even 90
July 18, 2013, 10:09:47 AM
It would take a 26,300 BTC dump to take the price below 80.
I guess we'll know tomorrow. I just cancelled my buy order at 86.xx. What if it drops below 80 tomorrow?
I guess we'll know tomorrow. I just cancelled my buy order at 86.xx. What if it drops below 80 tomorrow?
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
July 18, 2013, 09:56:55 AM
Why do people with shares in SD suddenly feel compelled to turn them into fiat?
Considering their sdice stock suddenly went up 50% (from 0.0020 market to 0.0035 buyout) some would already automatically have sold some sdice stock as to lower their exposure.
However now everybody got coins instead of stock, and a lot of coins considering it's 50% more coins than the value of the stock was just a few days ago.
So some will want to lower their exposure to bitcoins as it just went up a lot for them.
We are talking around 150,000 btc that went to shareholders. Say they want to sell 20% of those btc that is around 30,000 btc that will be sold.
Also all these coins were likely bought recently, so the price was likely pushed up artificially, and is now partly going back down.
July 18, 2013, 09:56:42 AM
Why do people with shares in SD suddenly feel compelled to turn them into fiat?
I would think the smart ones would want to hold until the price rices to sell??? Of course there may be some that do not trust Bitcoin, but even in the last week the price has been over $100 so they would be crazy to sell if it is lower than that I would think.
July 18, 2013, 09:43:33 AM
Why do people with shares in SD suddenly feel compelled to turn them into fiat?
Exactly.
This idea has been almost the sole reason for the sudden price drop, and I think that's simply not the case.
To a first approximation, everyone talks their book. They start with a conclusion and then try to justify it. Everything in the speculation forum is either post-hoc logic, or voodoo (chart analysis).
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