It's quiet, too quiet. Especially after everyone predicted a major rocket. - page 2.

Spaceman_Spiff

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Quote from: smoothie on December 01, 2012, 10:35:32 PM

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

So you want him to have a sample size of 20,000 people in his personal environment who are starting to use bitcoin? In contrast, your statements are the absolute truth, no evidence required. Enlighten me, where do you get your ideas?

Yuhfhrh

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Quote from: adamstgBit on December 01, 2012, 10:33:51 PM

ya, and this guy too :
https://www.youtube.com/watch?v=IJrlTK2R4So

Cheesy

Thanks for showing me that Cheesy

Yuhfhrh

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Activity: 238

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Quote from: smoothie on December 01, 2012, 10:35:32 PM

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

I think the flawed logic is you saying that we are the only two new investors.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: Yuhfhrh on December 01, 2012, 10:21:35 PM

Quote from: smoothie on December 01, 2012, 09:51:05 PM

Quote from: Yuhfhrh on December 01, 2012, 09:47:38 PM

Quote from: smoothie on December 01, 2012, 09:46:32 PM

Quote from: Yuhfhrh on December 01, 2012, 06:41:00 PM

Quote from: gmiwenht on December 01, 2012, 06:24:15 PM

It may not be the time to buy, but does that mean it is the time to sell?

Its definitely not time to sell. People hearing about bitcoin from wordpress/halving should soon have some cash flowing in. On another note, google trends is still doing well:
http://www.google.com/trends/explore#q=bitcoin&date=1%2F2012%2012m&cmpt=q

Hoarding has kept the price high. Not new investors.

New investors hoard.

LOL okay please entertain me with your theory.

How does this work and what proof do you have that this IS the case?

Roll Eyes

I am a new investor, and I hoard. I know someone else who just learned about bitcoin who is starting to hoard.

Wow all 2 of you are hoarding. Good job that will keep the price up.

Love the flawed logic around here. When you said "investorS" you meant 2, not like 20,000. LOL!

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: foggyb on December 01, 2012, 10:18:25 PM

Smoothie, if there was someone who knew what was going to happen for sure, they WOULD NOT TELL A SOUL. Unless of course they didn't think they'd turn out to be right.

Tell me Smoothie, do you doubt yourself?

Who said I knew 100% for certain that all ASIC miners would sell all of their BTC? I said that the mindset behind investing in ASICs is to PROFIT. How do you profit if you never convert your bitcoins to cash?

Do you doubt yourself is why you ask if I doubt myself?

There are millions of BTC waiting to be sold at higher prices. Given that is the case I predict there will be immense selling pressure come ASIC release (or possibly even prerelease).

adamstgBit

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Quote from: Yuhfhrh on December 01, 2012, 10:21:35 PM

Quote from: smoothie on December 01, 2012, 09:51:05 PM

Quote from: Yuhfhrh on December 01, 2012, 09:47:38 PM

Quote from: smoothie on December 01, 2012, 09:46:32 PM

Quote from: Yuhfhrh on December 01, 2012, 06:41:00 PM

Quote from: gmiwenht on December 01, 2012, 06:24:15 PM

It may not be the time to buy, but does that mean it is the time to sell?

Its definitely not time to sell. People hearing about bitcoin from wordpress/halving should soon have some cash flowing in. On another note, google trends is still doing well:
http://www.google.com/trends/explore#q=bitcoin&date=1%2F2012%2012m&cmpt=q

Hoarding has kept the price high. Not new investors.

New investors hoard.

LOL okay please entertain me with your theory.

How does this work and what proof do you have that this IS the case?

Roll Eyes

I am a new investor, and I hoard. I know someone else who just learned about bitcoin who is starting to hoard.

ya, and this guy too :
https://www.youtube.com/watch?v=IJrlTK2R4So

Cheesy

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: adamstgBit on December 01, 2012, 10:15:56 PM

Quote from: smoothie on December 01, 2012, 10:04:48 PM

Quote from: adamstgBit on December 01, 2012, 09:53:30 PM

Quote from: Cluster2k on December 01, 2012, 09:43:28 PM

"It's quiet, too quiet. Especially after everyone predicted a major rocket."

Everyone? No. I didn't, because I don't see any reason for the price to 'rocket' upwards right now. If anything there may be pressure for the price to drop as people eventually receive ASIC orders and need to pay off their new hardware.

people who bought ASICs paid in full, and have been living without this money for months, i really do not understand why so many people think miner will cash out like crazy once they start mining on ASICs.

the way i see it, miner feel unsure if they will be as profitable as they are now when ASICs come out, add to that bitcoin price holding higher then its ever been before, so if anything they are selling for a profit now.

Maybe because they thought they would be delivered in October and counted on them being on time so they are in need of the capital they blew on a product that does not exist. People have bills and lives to live. Loaning BFL large sums of money could do that to anyone. People will sell once they mine. I assure you this is the case.

But they are mining now, why wait for ASICs to come out, why not just sell some now?

Perhaps they dont have as much to sell anymore and used the bulk of it to preorder ASICs. That would be one big reason.

Some people here are very irrational when it comes to investing. Just throw caution to the wind and buy ASICS.

Yuhfhrh

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Quote from: smoothie on December 01, 2012, 09:51:05 PM

Quote from: Yuhfhrh on December 01, 2012, 09:47:38 PM

Quote from: smoothie on December 01, 2012, 09:46:32 PM

Quote from: Yuhfhrh on December 01, 2012, 06:41:00 PM

Quote from: gmiwenht on December 01, 2012, 06:24:15 PM

It may not be the time to buy, but does that mean it is the time to sell?

Its definitely not time to sell. People hearing about bitcoin from wordpress/halving should soon have some cash flowing in. On another note, google trends is still doing well:
http://www.google.com/trends/explore#q=bitcoin&date=1%2F2012%2012m&cmpt=q

Hoarding has kept the price high. Not new investors.

New investors hoard.

LOL okay please entertain me with your theory.

How does this work and what proof do you have that this IS the case?

Roll Eyes

I am a new investor, and I hoard. I know someone else who just learned about bitcoin who is starting to hoard.

foggyb

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Activity: 1736

Merit: 1006

Smoothie, if there was someone who knew what was going to happen for sure, they WOULD NOT TELL A SOUL. Unless of course they didn't think they'd turn out to be right.

Tell me Smoothie, do you doubt yourself?

adamstgBit

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Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: smoothie on December 01, 2012, 10:04:48 PM

Quote from: adamstgBit on December 01, 2012, 09:53:30 PM

Quote from: Cluster2k on December 01, 2012, 09:43:28 PM

"It's quiet, too quiet. Especially after everyone predicted a major rocket."

Everyone? No. I didn't, because I don't see any reason for the price to 'rocket' upwards right now. If anything there may be pressure for the price to drop as people eventually receive ASIC orders and need to pay off their new hardware.

people who bought ASICs paid in full, and have been living without this money for months, i really do not understand why so many people think miner will cash out like crazy once they start mining on ASICs.

the way i see it, miner feel unsure if they will be as profitable as they are now when ASICs come out, add to that bitcoin price holding higher then its ever been before, so if anything they are selling for a profit now.

Maybe because they thought they would be delivered in October and counted on them being on time so they are in need of the capital they blew on a product that does not exist. People have bills and lives to live. Loaning BFL large sums of money could do that to anyone. People will sell once they mine. I assure you this is the case.

But they are mining now, why wait for ASICs to come out, why not just sell some now?

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: adamstgBit on December 01, 2012, 09:53:30 PM

Quote from: Cluster2k on December 01, 2012, 09:43:28 PM

"It's quiet, too quiet. Especially after everyone predicted a major rocket."

Everyone? No. I didn't, because I don't see any reason for the price to 'rocket' upwards right now. If anything there may be pressure for the price to drop as people eventually receive ASIC orders and need to pay off their new hardware.

people who bought ASICs paid in full, and have been living without this money for months, i really do not understand why so many people think miner will cash out like crazy once they start mining on ASICs.

the way i see it, miner feel unsure if they will be as profitable as they are now when ASICs come out, add to that bitcoin price holding higher then its ever been before, so if anything they are selling for a profit now.

Maybe because they thought they would be delivered in October and counted on them being on time so they are in need of the capital they blew on a product that does not exist. People have bills and lives to live. Loaning BFL large sums of money could do that to anyone. People will sell once they mine. I assure you this is the case.

adamstgBit

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Trusted Bitcoiner

Quote from: Cluster2k on December 01, 2012, 09:43:28 PM

"It's quiet, too quiet. Especially after everyone predicted a major rocket."

Everyone? No. I didn't, because I don't see any reason for the price to 'rocket' upwards right now. If anything there may be pressure for the price to drop as people eventually receive ASIC orders and need to pay off their new hardware.

people who bought ASICs paid in full, and have been living without this money for months, i really do not understand why so many people think miner will cash out like crazy once they start mining on ASICs.

the way i see it, miner feel unsure if they will be as profitable as they are now when ASICs come out, add to that bitcoin price holding higher then its ever been before, so if anything they are selling for a profit now.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: Yuhfhrh on December 01, 2012, 09:47:38 PM

Quote from: smoothie on December 01, 2012, 09:46:32 PM

Quote from: Yuhfhrh on December 01, 2012, 06:41:00 PM

Quote from: gmiwenht on December 01, 2012, 06:24:15 PM

It may not be the time to buy, but does that mean it is the time to sell?

Its definitely not time to sell. People hearing about bitcoin from wordpress/halving should soon have some cash flowing in. On another note, google trends is still doing well:
http://www.google.com/trends/explore#q=bitcoin&date=1%2F2012%2012m&cmpt=q

Hoarding has kept the price high. Not new investors.

New investors hoard.

LOL okay please entertain me with your theory.

How does this work and what proof do you have that this IS the case?

Roll Eyes

smoothie

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Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: Cluster2k on December 01, 2012, 09:43:28 PM

"It's quiet, too quiet. Especially after everyone predicted a major rocket."

Everyone? No. I didn't, because I don't see any reason for the price to 'rocket' upwards right now. If anything there may be pressure for the price to drop as people eventually receive ASIC orders and need to pay off their new hardware.

This ^. Don't think that people who bought ASICs will hoard bitcoins. They will sell immediately to recoup hardware costs and to possibly buy more ASIC hardware to get a bigger piece of the total hash rate.

Yuhfhrh

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Activity: 238

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Quote from: smoothie on December 01, 2012, 09:46:32 PM

Quote from: Yuhfhrh on December 01, 2012, 06:41:00 PM

Quote from: gmiwenht on December 01, 2012, 06:24:15 PM

It may not be the time to buy, but does that mean it is the time to sell?

Its definitely not time to sell. People hearing about bitcoin from wordpress/halving should soon have some cash flowing in. On another note, google trends is still doing well:
http://www.google.com/trends/explore#q=bitcoin&date=1%2F2012%2012m&cmpt=q

Hoarding has kept the price high. Not new investors.

New investors hoard.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: Kupsi on December 01, 2012, 06:49:58 PM

Quote from: smoothie on December 01, 2012, 06:15:15 PM

Right now is not the time to buy bitcoin. Most developments and news has been priced in.

New people discover Bitcoin every day...

Not every person that discovers bitcoin just goes willy nilly and sells all their assets to buy bitcoin though.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: Yuhfhrh on December 01, 2012, 06:41:00 PM

Quote from: gmiwenht on December 01, 2012, 06:24:15 PM

It may not be the time to buy, but does that mean it is the time to sell?

Its definitely not time to sell. People hearing about bitcoin from wordpress/halving should soon have some cash flowing in. On another note, google trends is still doing well:
http://www.google.com/trends/explore#q=bitcoin&date=1%2F2012%2012m&cmpt=q

Hoarding has kept the price high. Not new investors.

smoothie

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Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: gmiwenht on December 01, 2012, 06:24:15 PM

It may not be the time to buy, but does that mean it is the time to sell?

You can't read can you? I said that the strategy is to "do nothing" until the opportunity presents itself.

Cluster2k

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"It's quiet, too quiet. Especially after everyone predicted a major rocket."

Everyone? No. I didn't, because I don't see any reason for the price to 'rocket' upwards right now. If anything there may be pressure for the price to drop as people eventually receive ASIC orders and need to pay off their new hardware.

thezerg

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Its behaving as I expected. The blockchain halving event won't put significant pressure on the price for for some time -- there are just too few coins involved relative to the daily txn size on Mt Gox. However if we assume that the # of coins being sequestered (i.e. taken off the exchange either for long term investment or private exchange use) remains roughly the same then there will clearly be a slight shift to the demand side. But this shift is easily met by speculators taking profits since the price remains pretty good. The result is that a week to a few months from now you end up with a LOT of speculative fiat on the exchanges and so some good news will trigger a cascade of momentum buying :-). The longer the price hangs around at this level (or slowly rises) the bigger the final pop.

Topic: It's quiet, too quiet. Especially after everyone predicted a major rocket. - page 2. (Read 5675 times)