Here comes the hell-storm... Massive cash-in... - page 2.

meangreen

member

Activity: 70

Merit: 10

Quote from: BitcoinAshley on June 02, 2013, 02:01:38 PM

This thread is like those huge hurricanes that get over-hyped by the Weather Channel then when it gets to your area it's just a wimpy tropical storm that blows down a couple dead trees.

Where's the hell-storm?

EDIT: 3AM $2.5mil dump guy is slowly buying back all his coins, in case you hadn't noticed Grin

"All is going according to plan" :mrburnshands:

those are the shorts covering not the original buyer. bitcoins go up almost a dollar for every 30-40 coins bought the original 20k block didnt take the price directly to the bottom there were a few other sells after that block that sent it to $115. do your homework

meangreen

member

Activity: 70

Merit: 10

Quote from: Ploo on June 02, 2013, 01:49:48 PM

Quote from: meangreen on June 02, 2013, 01:28:02 PM

i am not explaining it again. you are all wrong

You're wrong. If it does go to $1000 then entry point of $100 or $120 is a huge difference.

$120 gives a return of 733%, $100 gives a return of 900%. That's a lot.

ploo you have $10000 in your account, you buy one bitcoin for $100 ok.

i have $10000 in my account and because I waited I have to buy my coin for $120 ok

you have $9900 in your account,
I have $9880 in my account. ok

A month later you can sell one bit coin for $1000.

So you sell your one coin and now you $10900 in your account($9900existing and then $1000 for your coin)

I sell my coin at $1000 now I have $10880($9880 existing then my $1000 for my coin)

You have $20 more in your account than me. Is that clear enough?

BitcoinAshley

sr. member

Activity: 448

Merit: 250

This thread is like those huge hurricanes that get over-hyped by the Weather Channel then when it gets to your area it's just a wimpy tropical storm that blows down a couple dead trees.

Where's the hell-storm?

EDIT: 3AM $2.5mil dump guy is slowly buying back all his coins, in case you hadn't noticed Grin

"All is going according to plan" :mrburnshands:

Ploo

full member

Activity: 125

Merit: 100

Quote from: meangreen on June 02, 2013, 01:28:02 PM

i am not explaining it again. you are all wrong

You're wrong. If it does go to $1000 then entry point of $100 or $120 is a huge difference.

$120 gives a return of 733%, $100 gives a return of 900%. That's a lot.

Littleshop

legendary

Activity: 1386

Merit: 1004

Quote from: ISAWHIM on June 02, 2013, 04:46:54 AM

And now it is back to 130... And rising above...

....

Nope, tug of war now!... lol

130 - 125 - 130 - 125... Better stop at 150 by the end of the day.

I like that chart, reminds me of the old arcade game I had in my apartment. "Defender".

1st and the 15th... major market moves... "pay day"

I played that on a real defender arcade machine Memorial Day weekend at Wildwood NJ.

meangreen

member

Activity: 70

Merit: 10

Quote from: ?? on ??

Quote from: meangreen on June 02, 2013, 09:11:54 AM

Quote from: XXthetimeisnowXX on June 02, 2013, 08:58:29 AM

ya if you are just buyingone coin. and not investing the full 120. ok say you buy a coin now like you say and it goes to 1000 ya you make 880. but if you have 120 and want to invest all of it and it happens to be 100. well then you get 1.2 bitcoins. and this goes to 1000 you THEN get 1200. its not twenty dollars its two hundred dollars! and this is for one BTC imagine you have eight hundred and sixty bitcoins. - I hate how people dont get this.

You have to look at it from the stance "I have a set amount of fiat I want into bitcoins." not "I am going to buy one bitcoin and pay the extra 20 bucks to make it a full bitcoin."

STOP!!!

If I invest $100 in ANYTHING and it goes to $1000 I MADE $900!!!!
If I invest $120 in ANYTHING and it goes to $1000 I MADE $880!!

FOR FUCKS SAKE

YOU BUY A BASEBALL CARD FOR $100 and someone and you sell it for $1000 you made $900
YOU BUY A BASEBALL CARD for $120 and you sell it for $1000 you made $880

END OF STORY!

If I want to go all-in with my savings to make an investment in bitcoin, I will be able to get ~20% more bitcoins after a ~$20 drop. That's a pretty big fucking deal no matter how high it goes..

i am not explaining it again. you are all wrong

meangreen

member

Activity: 70

Merit: 10

Quote from: CurbsideProphet on June 02, 2013, 01:10:45 PM

Quote from: meangreen on June 02, 2013, 10:47:49 AM

dead cat bounce here now. i see some big blocks going through on the buys side some 30 and 40 coin orders. I think the bulls will be ok for a bit

30 to 40 coins is a big block? ROFL. You must be new.

i was being sarcastic. obviously the are larger sell orders than people handing over their hard earned fiat.

CurbsideProphet

hero member

Activity: 672

Merit: 500

Quote from: meangreen on June 02, 2013, 10:47:49 AM

dead cat bounce here now. i see some big blocks going through on the buys side some 30 and 40 coin orders. I think the bulls will be ok for a bit

30 to 40 coins is a big block? ROFL. You must be new.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: Chang Hum on June 02, 2013, 11:20:31 AM

This is incorrect, as MTGox makes international payments you just need an IBC in the Seychelles linked to an offshore bank account. Providing you're not suspected under anti-terrorism charges there is very little the state can do. I believe wealthy people interested in Bitcoin would have this well under wraps as the nature of Bitcoin itself is very tax avoidy.

LOL, OK kiddo. You've got it all figured out.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: ?? on ??

Quote from: meangreen on June 02, 2013, 09:11:54 AM

Quote from: XXthetimeisnowXX on June 02, 2013, 08:58:29 AM

ya if you are just buyingone coin. and not investing the full 120. ok say you buy a coin now like you say and it goes to 1000 ya you make 880. but if you have 120 and want to invest all of it and it happens to be 100. well then you get 1.2 bitcoins. and this goes to 1000 you THEN get 1200. its not twenty dollars its two hundred dollars! and this is for one BTC imagine you have eight hundred and sixty bitcoins. - I hate how people dont get this.

You have to look at it from the stance "I have a set amount of fiat I want into bitcoins." not "I am going to buy one bitcoin and pay the extra 20 bucks to make it a full bitcoin."

STOP!!!

If I invest $100 in ANYTHING and it goes to $1000 I MADE $900!!!!
If I invest $120 in ANYTHING and it goes to $1000 I MADE $880!!

FOR FUCKS SAKE

YOU BUY A BASEBALL CARD FOR $100 and someone and you sell it for $1000 you made $900
YOU BUY A BASEBALL CARD for $120 and you sell it for $1000 you made $880

END OF STORY!

If I want to go all-in with my savings to make an investment in bitcoin, I will be able to get ~20% more bitcoins after a ~$20 drop. That's a pretty big fucking deal no matter how high it goes..

Well said. My plan is just to take extra money and every month just pick up another couple of BTC's (Yes, I'm a small time player here). If the price drops much (minus terrible news), I am actually happy because, like many or even most here, I am in it for the long haul.

superduh

hero member

Activity: 602

Merit: 500

Just someone trying to crash market to rebuy for cheaper.. Perhaps the Malta fund?

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: meangreen on June 02, 2013, 10:44:03 AM

Quote from: Its About Sharing on June 02, 2013, 10:43:20 AM

Quote from: ?? on ??

HOW DOES IT FEEL TO LOSE MONEY ? LOWER LOWER!!!!!!!!!!

It feels great to know we can buy coins cheeper knowing that a large weekend sell = manipulation.
You only lose money if you actually sell coins. Those of us that understand BTC are unfazed (AAAAHHHHH)... Mostly. Cheesy

start buying

Way to soon for me. I have very limited funds. This is going to be a wait and see approach.

But yes, it will be buying time. Grin

Chang Hum

hero member

Activity: 714

Merit: 502

Quote from: Pale Phoenix on June 02, 2013, 11:14:59 AM

Quote from: BitcoinAshley on June 02, 2013, 07:58:41 AM

Yes, there could have been somebody with $3 million in bitcoin perfectly happy in cashing it all out to Fiat and paying 20% capital gains tax or whatever, but more likely is somebody deliberately trying to move the price to get their coins back cheaper.

Just a minor point... capital gains taxes would be due on his/her profit even if the coins were bought back at a cheaper price immediately after. Capital gains are taxed any time a gain is realized (converted to USD). The only time the outcome of a sale is not immediately recognized for tax purposes is in the case of a capital loss, which is considered a wash sale if a substantially similar asset is purchased within 30 days (before or after) the sale.

tl:dr If he sold at a profit, he owed tax regardless of his strategy.

Quote from: meangreen on June 02, 2013, 08:56:28 AM

buying back lower is a ridiculous statement. who pays capital gains on bitcoins?

People who don't want to go to jail. If you think you can avoid taxes on sums this large you are in for a rude awakening.

This is incorrect, as MTGox makes international payments you just need an IBC in the Seychelles linked to an offshore bank account. Providing you're not suspected under anti-terrorism charges there is very little the state can do. I believe wealthy people interested in Bitcoin would have this well under wraps as the nature of Bitcoin itself is very tax avoidy.

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: BitcoinAshley on June 02, 2013, 07:58:41 AM

Yes, there could have been somebody with $3 million in bitcoin perfectly happy in cashing it all out to Fiat and paying 20% capital gains tax or whatever, but more likely is somebody deliberately trying to move the price to get their coins back cheaper.

Just a minor point... capital gains taxes would be due on his/her profit even if the coins were bought back at a cheaper price immediately after. Capital gains are taxed any time a gain is realized (converted to USD). The only time the outcome of a sale is not immediately recognized for tax purposes is in the case of a capital loss, which is considered a wash sale if a substantially similar asset is purchased within 30 days (before or after) the sale.

tl:dr If he sold at a profit, he owed tax regardless of his strategy.

Quote from: meangreen on June 02, 2013, 08:56:28 AM

buying back lower is a ridiculous statement. who pays capital gains on bitcoins?

People who don't want to go to jail. If you think you can avoid taxes on sums this large you are in for a rude awakening.

Chang Hum

hero member

Activity: 714

Merit: 502

I'm about to take a fucking massive dump!

meangreen

member

Activity: 70

Merit: 10

dead cat bounce here now. i see some big blocks going through on the buys side some 30 and 40 coin orders. I think the bulls will be ok for a bit

meangreen

member

Activity: 70

Merit: 10

pyramids dont go up you basically just run out of new money being put into it and the it collapses.

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: meangreen on June 02, 2013, 10:41:22 AM

because I want to be right. Like I said from the beginning its a pyramid scheme. and the bulls are the bagholders

pyramid schemes don't go up and down and up and down again.
They go upupup, until it's not able to hold itself anymore and go down to $0.

meangreen

member

Activity: 70

Merit: 10

Quote from: Its About Sharing on June 02, 2013, 10:43:20 AM

Quote from: ?? on ??

HOW DOES IT FEEL TO LOSE MONEY ? LOWER LOWER!!!!!!!!!!

It feels great to know we can buy coins cheeper knowing that a large weekend sell = manipulation.
You only lose money if you actually sell coins. Those of us that understand BTC are unfazed (AAAAHHHHH)... Mostly. Cheesy

start buying

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: ?? on ??

HOW DOES IT FEEL TO LOSE MONEY ? LOWER LOWER!!!!!!!!!!

It feels great to know we can buy coins cheeper knowing that a large weekend sell = manipulation.
You only lose money if you actually sell coins. Those of us that understand BTC are unfazed (AAAAHHHHH)... Mostly. Cheesy

Topic: Here comes the hell-storm... Massive cash-in... - page 2. (Read 7988 times)