It's just 29,658.80060152 Bitcoins! We See more at Exchanges :S Just HODL! :)s

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: Este Nuno on June 13, 2014, 03:06:58 PM

Quote from: UnDerDoG81 on June 13, 2014, 03:00:28 PM

So if I am an early adaptor and own 30k coins I can crash a market!? So bitcoin has still a long way to go...

Funny thing is that the 30k coins haven't even been sold on any market yet. It's just the thought that they are about to even possibly be dumped that is scaring everyone.

The issue is that people are anticipating a surge in supply in bitcoin for sale.

The amount of coins being sold is many times the daily average traded in one day.

Mythul

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If it crashes, it will be a huge opportunity to get cheap coins !

Este Nuno

legendary

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amarha

Quote from: UnDerDoG81 on June 13, 2014, 03:00:28 PM

So if I am an early adaptor and own 30k coins I can crash a market!? So bitcoin has still a long way to go...

Funny thing is that the 30k coins haven't even been sold on any market yet. It's just the thought that they are about to even possibly be dumped that is scaring everyone.

UnDerDoG81

legendary

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So if I am an early adaptor and own 30k coins I can crash a market!? So bitcoin has still a long way to go...

Benjig

sr. member

Activity: 462

Merit: 250

The whales that will buy that bitcoins wont dump them at any exchange, thats obvious, they will hodl them for long!.

TheJuice

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It will go down a bit, but it should recover quickly. just keep holding/buying.

Este Nuno

legendary

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amarha

Quote from: williamevanl on June 13, 2014, 01:53:00 PM

Everyone on here is such a perma-bull it's almost hard to read all the comments. It seems everything is good all the time!

I think the price is coming down and it won't require 20 Million dollar sells for it to happen.

Buying pressure is running out which is no surprise and selling pressure will increase with merchant adoption because they don't actually want to hold Bitcoins. Bitcoin will someday be worth a price of what it is today and much more but at the moment people have driven its value way beyond what it should be at this point in time. That will correct.

It could be that we are about to enter another long downtrend. Sentiment has really turned around(outside of this subforu anyway Tongue

) and it's much worse now I think.

And you might be right about the buying power running out.

williamevanl

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Everyone on here is such a perma-bull it's almost hard to read all the comments. It seems everything is good all the time!

I think the price is coming down and it won't require 20 Million dollar sells for it to happen.

Buying pressure is running out which is no surprise and selling pressure will increase with merchant adoption because they don't actually want to hold Bitcoins. Bitcoin will someday be worth a price of what it is today and much more but at the moment people have driven its value way beyond what it should be at this point in time. That will correct.

Este Nuno

legendary

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amarha

Quote from: rudius on June 13, 2014, 05:29:02 AM

Quote from: TERA on June 13, 2014, 02:35:35 AM

I think when there is a 20% price reduction over a 0.22% increase in supply, it is a good time to buy. Simple math. Think about it.

Lol i think about it but i don t see the relation between the two number. They are independant.

0.22% of bitcoins were out of circulation and now those bitcoins may soon be in circulation thus the total supply of bitcoins in circulation will increase by 0.22%.

JimboToronto

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You're never too old to think young.

Quote from: TERA on June 13, 2014, 02:35:35 AM

I think when there is a 20% price reduction over a 0.22% increase in supply, it is a good time to buy. Simple math. Think about it.

+1

jamesc760

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Activity: 448

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Quote from: rudius on June 13, 2014, 05:29:02 AM

Quote from: TERA on June 13, 2014, 02:35:35 AM

I think when there is a 20% price reduction over a 0.22% increase in supply, it is a good time to buy. Simple math. Think about it.

Lol i think about it but i don t see the relation between the two number. They are independant.

You don't see it because you are an idiot. Tera's absolutely right.

rudius

member

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Quote from: TERA on June 13, 2014, 02:35:35 AM

I think when there is a 20% price reduction over a 0.22% increase in supply, it is a good time to buy. Simple math. Think about it.

Lol i think about it but i don t see the relation between the two number. They are independant.

soopy452000

legendary

Activity: 1302

Merit: 1001

Founder - NavCoin Ⓝ

Quote from: TERA on June 13, 2014, 02:35:35 AM

I think when there is a 20% price reduction over a 0.22% increase in supply, it is a good time to buy. Simple math. Think about it.

Yup! Exactly People should be buying Moree than dumping.

BTCfan1

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Activity: 196

Merit: 100

Quote from: TERA on June 13, 2014, 02:35:35 AM

I think when there is a 20% price reduction over a 0.22% increase in supply, it is a good time to buy. Simple math. Think about it.

yeah I agree. I want the price to skyrocket but at the same time I want more time to buy cheap coins!!

TERA

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I think when there is a 20% price reduction over a 0.22% increase in supply, it is a good time to buy. Simple math. Think about it.

BTCfan1

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Quote from: soopy452000 on June 13, 2014, 02:19:29 AM

Quote from: BTCfan1 on June 13, 2014, 02:15:27 AM

it's a big deal cause the US gov is selling them - making the purchase 100 percent legal/legit, and the sale is basically guaranteed etc

If people are worried that it will crash the price , Bitcoin is much stronger and it's been stable so I doubt that that FUD can bring the price down , I believe it should simply rise as a counter action so that people are pushing it up so that in the way if anyone wants to start selling it won't affect the markets at all but would simply blend in a few rebounds.

FUD = best time to buy

soopy452000

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Founder - NavCoin Ⓝ

Quote from: BTCfan1 on June 13, 2014, 02:15:27 AM

it's a big deal cause the US gov is selling them - making the purchase 100 percent legal/legit, and the sale is basically guaranteed etc

If people are worried that it will crash the price , Bitcoin is much stronger and it's been stable so I doubt that that FUD can bring the price down , I believe it should simply rise as a counter action so that people are pushing it up so that in the way if anyone wants to start selling it won't affect the markets at all but would simply blend in a few rebounds.

BTCfan1

full member

Activity: 196

Merit: 100

it's a big deal cause the US gov is selling them - making the purchase 100 percent legal/legit, and the sale is basically guaranteed etc

soopy452000

legendary

Activity: 1302

Merit: 1001

Founder - NavCoin Ⓝ

I don't see why people are going ah , oh over a sell of 29,658.80060152 Bitcoins and the minute price steeps , I mean we see more trading at exchanges everyday and besides whoever wins this auction will not just dump it lol they'll always want to take the advantage of the price , What if they decide to HODL too?

What do you think?

~SoopY~

Topic: It's just 29,658.80060152 Bitcoins! We See more at Exchanges :S Just HODL! :)s (Read 1328 times)