Topic: Gold collapsing. Bitcoin UP. - page 875. (Read 2032266 times)

They who cannot be named..Antonoplous used the term a number of times in his latest video.

Up to now I think we all have a chance at cheap coins as for patients I've managed to hold on to just a little - Bitcoin is a market with ADD.

Hold (just give it time) has been the best strategy, Bitcoin wins but "most in this space will lose money - cypherdoc" ™ holds true. And we're in for more surprises when the incumbents learn how to play.

It's my view if you're still a big player in the game you're goal is to gain wealth and see Bitcoin succeeded. Dumping to buy back lower is a strategy but not the best growth strategy. From my perch when economic energy is spreading, and an ultimate success criteria is spreading the adoption there is an economic advantage to dump and buy back at a loss if your overall holdings are more valuable even when you have less coins, on the positive side one ends up with energy to affect to price upwards.

Not that this is happening but it's expected to happen either by mistake or by deliberation. The end goal is maximizing adoption on a normal distribution curve.

If this was Pantera, and it could be I hope they're not leveraging over at bitfinex. That's going to add another layer of complexity.

You guys are watching this right? http://www.onlinevideoservice.com/clients/cftc/video.htm?eventid=cftclive

rocks,  the only thing I'd  say there is that liquidity has been extra tight since gox went down.  The AML/KYC stuff has stopped alot of people from creating accounts. This happened to me until Circle only this last week.

Pantera can presumably see into the order book.  Maybe. They have lots of coin. Would they take advantage of the situation? Who knows.

Not saying it did happen,  just saying a  unique condition is in place for them to take advantage. The fact that Ron Glantz & Pantera Capital follow me on Twitter I suppose should be flattering but I remain suspicious of the timing of selloffs with many of my posts.

 Not to mention the somewhat irresponsible price projections and republishing of the $4.2M projection 2d after the selloff and the disappearance of trolls.

Oh well.  

rocks, Great summary of the historical long-term situation. I agree 100%.

Looking forward now, 20 months to the next halving, the assumption might be that this event is priced in. And should be, but whatever floor is under the price in the run-up to 12.5 btc blocks, will certainly hold, because new money pouring in will then be chasing coins that are unavailable at anything like the current price.

The part I find difficult about this theory is the strategy of selling a large percentage of your coins with the hope of re-buying later to double your holdings has failed throughout most of bitcoin's history. Rarely one has been able to get lucky and time it right to successfully gain a double. Instead most of the time the price has unexpectedly run +10x causing a massive loss denominated in BTC if your timing wasn't perfect.

Bearwhale dumped 0.2% of all coins in existence onto the market over a short period, and the market brought in a ton of fresh money to buy them all at $300, indicating what I believe is a price level where the market will continue to add fresh funds.

The problem with dumping BTC to drop the price and buy back lower, is you never know what this price level is where other participants will add in fresh money and raise the price.

Instead, I think the most likely reason for the 2014 weakness is simply that the price ran up 100x in the preceding year.  Many people were sitting on massive gains and the most sensible thing for them to do was to sell some of those gains to lock in life changing items such as buying a house.

If you consider people's past holdings, 2014 might have seen a few Million BTC being sold by early adopters re-balancing their savings in addition to the 1.3M coins created in 2014. I suspect this rebalancing process might be nearing completion with bearwhale's capitulation, which will relieve selling pressure allowing the price to continue now.

Dow - 321

Also hurting their accredited investors' confidence

Heh. Possibly. That $4.2M target was indeed extreme.

Dr. Bearwahl, I presume.

One thing I don't like about the Pantera theory - they seem to be legit bulls; believers in bitcoin's potential to help the world. So a willingness to relentlessly sell-down the market over a period of months, hurting otherwise rising confidence and positive public attention, doesn't quite fit. Unless they had some theory about the market being "overheated" and needing a "healthy" long correction or some such....but I doubt it.

Anyways, not saying it's impossible. Profit motives trumping ideals isn't exactly a special phenomenon.

The theory is that the OTC deal was agreed for the price, at that time, (ahead of the bearwahl's appearance), then the price manipulated to make the OCT deal profitable for the OTC byuer.  Perhaps the wall was moved so that it would survive until the appointed time?

If I were buying 50K+ coins OTC, burning 30K to get an artificially low price on the 50K would just make it all the more profitable.  I'm not a conspiracy buff, so it could easily be otherwise.  Just looking at the possibly economic reasons, such as an arbitraging trade with an OTC deal.

I like how much work these guys do for me.  Don't discourage them! 

But for myself, I do spend some time at the farm every day, feeding the alpaca, and mending fences.
It beats working out in a gym.

"The finest trick of the devil is to persuade you that he does not exist."

Dow - 295

Is it that much of a surprise that more criticial / conspiracy-seeing people (especially the hardcore early guys) generally are attracted to bitcoin, the trustless system?  I have to admit I am a bit more on the conspiracy-seeing side of the spectrum as well (with naive believe-everything-you-are-told people at the other end).    Finding a balance is indeed healthy.  Efficient reasoning to differentiate bullshit and truth is even better.  When reality is blurry/uncertain, people are more likely to fall back to their default mindset.

You haven't presented any "evidence".  Evidence would be something concrete linking Pantera to the action, like a screen capture of a bank transfer, or a bitcoin transfer from a known Pantera address to a known BitStamp address.

But you've certainly presented motive and opportunity.  You've shown us that a path exists, that Pantera is a likely candidate, but not that Pantera actually walked down it.  That's enough for me because I'm not interested in whether Pantera itself was able to do this, just that someone is able to do it. 

The fact that people will manipulate financial markets for fun and profit is evident by the last 100 years of history.  People are in jail for doing so in regulated markets.

Rising price will bring many more customers than a falling one