With all those bit coin days destroyed one could theorize a huge purchase of XXX,XXX coins occurred by fortress or something which averted an entire bear market worth of coins on exchanges.
Didn't that huge spike coincide with 400k oldish coins moving from a single address? What makes you think a single holder would dump 400k coins on exchanges? Maybe I am misinterpreting. 
Topic: does anyone notice there are less coins to sell due to mass hodl? - page 3. (Read 3812 times)
January 06, 2014, 01:23:32 PM
January 06, 2014, 01:21:59 PM
Keep with this hodl bullshit and you are sure to have no fiat when you'll need it.
why many of "we" only invest what we can loose?
I can buy goods and services in BTC. It just means Hodl from fiat.
+1
January 06, 2014, 01:18:55 PM
Also, larger BTC holders looking to sell will get a better price when selling off the markets to funds like the BIT, this will happen more and more.
Overall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
Nobody sane will pay more for BTC off exchange. Whales, funds, etc. especiallyOverall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
Selling = using = adoptation = greatest year ever.Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm)
I'm not so sure it its BTC has capital "S" store of value (PeerCoin is likely better at this though). This does not rely on adoption of coffee shops.
Also volatility is not bad neither are speculators.
January 06, 2014, 12:47:40 PM
Also, larger BTC holders looking to sell will get a better price when selling off the markets to funds like the BIT, this will happen more and more.
Overall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
Nobody sane will pay more for BTC off exchange. Whales, funds, etc. especiallyOverall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
Selling = using = adoption = greatest year ever.Hodling = not using = modest adoption = same or little better than last year (at best), but with even more volatility (and that's bad longterm)
January 06, 2014, 12:39:44 PM
Keep with this hodl bullshit and you are sure to have no fiat when you'll need it.
why many of "we" only invest what we can loose?
I can buy goods and services in BTC. It just means Hodl from fiat.
January 06, 2014, 12:37:43 PM
That's exactly the point of hodling. Prices rise due to higher demand than supply.
you forgot the whole NEED part
hodling amplifies the price but the base value comes from its usability
well yes but as long as you properly populate the the attributes of its usability, being able to send, $136 million, or some other large amount, to any one anytime for well in that case free, across any border, oh and buy a coffee if you want. These attributes allow it to replace at least half of all banks, now add up the value of just that. Infrastructure, IT, wages, property etc etc. You have your x Trillion right there....alone
January 06, 2014, 12:31:20 PM
Keep with this hodl bullshit and you are sure to have no fiat when you'll need it.
January 06, 2014, 12:25:07 PM
There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
This!
January 06, 2014, 12:24:49 PM
I'm noticing a trend where every time there is a crash, some agency sneaks in, accumulates a ton of coins and never sells. After the crash, this leaves the books having even more USD and less btc than before the crash. This trend started with silk road.
January 06, 2014, 12:17:26 PM
There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
January 06, 2014, 12:11:35 PM
The number of coins available on the exchanges has been decreasing for over a year now. Also, the few coins that are left are spread over more exchanges.
That is probably due to the fact that the price has gone up around 100x in the past year.
In early 2013 when coins were around $10 if you wanted to trade lets say $50K you would need 5,000 BTC. But now that coins are around $1000 to trade $50K you only would need about 50 BTC.
The exchanges are used for active trading, not long term storage. Long term coins withdrawn out of the exchanges. So it makes sense that as the price goes up the market needs less BTC for trading purposes. That said the dollar value in the exchanges has definitely gone up....
January 06, 2014, 12:04:52 PM
That's exactly the point of hodling. Prices rise due to higher demand than supply.
you forgot the whole NEED part
hodling amplifies the price but the base value comes from its usability
With very low volume on exchange, the price movements become very erratic.
January 06, 2014, 11:33:39 AM
Not selling until we're at least $40k / BTC.... anyone want to make an offer?
January 06, 2014, 10:40:33 AM
This rally is certainly being fueled by a lack of supply on exchanges rather than any particularly strong demand/volume on the exchanges. If you were to see this type of depth/volume last year, it would be a joke and you'd know for sure a crash was coming. However the system is different now. It remains to be determined whether this is simply due to us holding or whether its due to large acculumation off-exchange by hedge funds, businesses, and such. With all those bit coin days destroyed one could theorize a huge purchase of XXX,XXX coins occurred by fortress or something which averted an entire bear market worth of coins on exchanges. However, there is no proof and nobody knows for sure. It could all be psychology and a self fulfilling prophecy.
January 06, 2014, 10:30:04 AM
That's exactly the point of hodling. Prices rise due to higher demand than supply.
you forgot the whole NEED part
hodling amplifies the price but the base value comes from its usability
January 06, 2014, 10:23:00 AM
Classic. But so true. Newer investors are generally holders, not users or traders. Especially with the new trusts being set up, they have mandatory holding periods, so once you're in you're in for several months at the min
January 06, 2014, 10:22:09 AM
That's exactly the point of hodling. Prices rise due to higher demand than supply.
January 06, 2014, 10:17:53 AM
January 06, 2014, 09:49:51 AM
The Chinese government will soon make them shit their pants and panic sell.
but its fallen and risen now so many times except the rise ends up 5 ~ 10 x the high before the last crash. Eventually people are going to get inured to this.
January 06, 2014, 09:39:49 AM
I think your typical chinese investor already knows which way the wind is blowing. Maybe some of them are looking to profit before it's too late, but I believe many of them are going to stay in whatever the gov says. Loyalty to the Party only goes so far.
Last crash (18 dec) most of the panic selling was Western instigated and the peak of the fall was when Europe started trading. On bitcoin.de you could have even caught a coin for about 125 usd at the time.
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