Topic: Just keep it in mind that there is someone has more than 10k bitcoin - page 2. (Read 5469 times)

Have the ouija board, so WTB monkey!

Because slashing the market is in the interest of big BTC holders?   

The different between solid believers or weak ones is the former don't need the market price to prove their correctness. They just have the faith, even when the price fall from 32 to 0.01 in less than a week. And the number of solid believers is enough,  so the market will recover no matter how deep it falls.

And lets assume for a moment that market follows your suggestion  "don't let them drive price up, they will sell lower"
You and everyone else buy at lower rates, then next guy just like you comes in and suggest at those lower rates same thing you are suggesting "don't let them drive price up, they will sell lower"
If market would react on these suggestions, we would hit 0 pretty soon.  Obviously and thankfully nothing like this is happening in real world.

@qikaifu, your suggestion screams hidden message though your recent posts: "PEOPLE, I WANT TO BUY LOW", anyone  of us would like to buy low but none of us knows how market will react next moment. Your advice as good as next guy's who says BTC will reach $1000 by the end of the year. You maybe right or you maybe wrong. I personally don't engage in "suggesting" to others what do and how to act on the market, it will take it's own course regardless how we want it to behave at any given moment.

You say  "don't let them drive price up, they will sell lower" to which opposite can be said just as well "don't sell low they will buy higher". Act on your own and lets see where market takes us from here.  And remember it may be very difficult for market to rebound and take helluva long time if it drops low enough and forget about expansion and growth then. If enough people loose confidence in the market you may end up at a loss even if you bought in at lower rates. Be careful what you wish for

Warren Buffet has wealth in cash or bond only around 20 billion. And he said that he don't like the idea to invest in gold or money. Nonetheless, there is still possibility that Warren Buffet will buy some bitcoin, even it's a tiny tinny one. In that case, the big rally will come, just as what happened to every asset Warren Buffet declaring that he has purchased.

Considering that there is lots of investors, both individuals or institutions, the long term rally is certain for me. However, we don't still have a real exchange yet. (Mtgox, tradehill or even Campbx today, are not somewhere a institution with sound internal control system or a high net wealth persons with dozens of financial/legal adviser dare to put their money in, even they are willingly to do so. Especially, most the institutional investor are playing OPM, other people's money, of course  they one day will invest their USD into bitcoin like they did on the forex market, however, the trading platform we have now are still unacceptable for them. （I think Keyur is working on it, based on the recent news report. However, this will take lots of capital to invest and troublesome legal job to deal with. So, long way to go.)
 
Only 100% free individual like us dare to trade on Campbx, tradehill or mtgox. And I think the most speedy growth of the adopters like us has gone, the growth of users will continue but at a slower pace. until

1)we get a user-friendly and easy-to-keep-it-safe client software;
2) trustworthy-bitcoin-bank-with-100%-reserve service;
3)and one of the exchanges are ready for the institutional investors as there is no legal barrier to invest in OPM

the market will just fluctuate in a very random way. As mentioned in above post, the market will have a significant crash if some geeky teenager boy fall in love with a girl and decide to sell most of his mined coins to do something for the girl. (You know, female are not aware of the value of the bitcoin as much as male now.)

As the time  is very long before the 3 conditions ready for next big rally, I think the possibility is significant that in the coming weeks there will be a more favorite price. Maybe the price will somehow higher than now after the end of this period, but the fluctuation will be more major theme than rising.

You know what, if one day bitcoin gets so popularly accepted, that even more big voice will start to give advise on the trading, like morgan stanley, goldman sacks and so on. They will predict the market in a more God-like way, maybe phrase like "target price" will be used. They will connect every single clue of what happened on the earth to the price of bitcoin. All the news paper will be full of this kind of suggestions.

So what? Everybody still will be doing what they like to do. I don't think my suggestion will manipulate the market that much, nobody's will. But I do think that my suggestion is useful to a handful of people.

He would've already sold many of his coins by now. Also a 17 year old would not have found out about Bitcoin back then, or it would be extremely unlikely.

Heh, depends on what you mean by pacifist... In general terms, I'd rather have peace than war, yes. In this case, though, it isn't about pacifism in the least. We're all doing what we think is best for us, or for the bitcoin in general, obviously. But I'm not out to lunch enough to think I'm going to be making much of a dent on my own... and I have too much of a conscience to try and persuade others to do something just for my own selfish interests. In fact, you and I are on the same page (as I'm assuming is Serge), we'll do what we think and feel is best at any given time.

What's best for you, however, may be quite different to what's best for me. And what your mind thinks is the right time to do it will also likely be different. That's why the market is what it is. If there was a formula, then someone would've written it down ages ago and it would apply across the board. But there isn't, and it doesn't. This entire market may well depend on whether some 17 year old kid who started mining for a lark back in 2009 now really wants to get his hands on a Porsche!

He's giving it all away though.

Very good point.

Keep in mind that there are people out there with more than $100 billion dollars, Warren Buffet for example. He can at any moment, use 0.1% of his money to boost the bitcoin market to $1000+ per coin. So hold on to your coins.  

If you don't feel it's right time to buy - don't buy! simple as that. But you won't stop others from buying and selling at rates they feel right for themselves. You're just making yourself look like those screaming SELL SELL SELL and BUY BUY BUY but with a twist =)

Precisely... a monkey with a ouija board has a better chance of predicting this market than anyone here. The number of variables is just too great to be able to compute them. My bet is that, in the long run, we're going upwards... but each of us has to do as our intellect dictates.

If holding part bitcoin part USD, nobody will miss the boat in either direction.

A lot of users on this forum have been all in, and they just want to other people buy as much as they could. The most seen skill is to scare people by something like "What if you miss out boat completely". Of course, if you look at the Google trends, you will know that one day the boat will weigh its anchor, but not likely in the coming days. And lots of people buying beyond 20$, they're weak in faith, and I bet lots of them will sell their coin at a loss. That's why I think that it's very possible that their will be a better chance to buy.

http://www.google.com/trends?q=bitcoin&ctab=0&geo=all&date=mtd&sort=0


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And how will you know when it's time to turn around? will you send signals to all telling everyone should buy now as much as possible because we are going to fly through the roof?
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I don't know when, of course. I just think that if most people buy in a patient style, the price will go up in a slow and steady way. If people push the price up like 20% or 30% in one day, we will see a lower price than where the short surge begin, even if the low point of price is only temporary.

What a jerk who will blame other people on not giving advise as they've once given one.

And how will you know when it's time to turn around? will you send signals to all telling everyone should buy now as much as possible because we are going to fly through the roof?
What if someone going to listen to you and miss out boat completely?  Will you just tell them "sorry, you shouldn't have listened to me"?

Advice to anyone: do what you got to do and what you feel is right and if you make a mistake, take it as a lesson and adjust your tactic in the future. Don't listen to bears nor bulls, all their advice is driven purely by personal gain interest.

All in? You think this is a game... I think this is a viable currency and commodity. None of us are ever going to be "all in" because this isn't a gamble. This is a pretty revolutionary way of looking at currency and monetary issues, which, unless there are holes in the code (and not being code-savvy, I have to assume others have looked at it and it's solid), will only ever move in one direction in the long run.

Years from now, we're still going to be buying BTC, because it will be the way in which to transact over the internet, because it will be gaining in value and because it will be secure... we'll just buy a lot less BTC for the same amount of dollars/euros/pounds or whatever.

The market is neither fast nor slow. It is what it is. It will go where it goes based on pressures that have to do with panic and greed, but also with a whole lot of other factors you aren't taking into account. If you think for a second that you can manipulate it in either direction by starting numerous threads on a pretty obscure board in an even more obscure corner of the internet, I fear you are dreaming.

But good to know I'm the immature one :-)

Don't twist my point of view, Serge. I'm just trying to stop people from panic buying, and at the same time suggest a smart buying at a low price.

If you're all in, just ignore my suggestion. If you're still have USD in the account of Mtgox, I guess you won't be regret with thinking about my suggestion.

yeah, lets drive market to low levels - that is the best way for it's growth. nobody buy anything at all!

You say that the market is going to be bullish from now.
But I say that if the market is rally too fast from now, it will be dangerous for the panic buyers. Time will tell us which one of us is right. Maybe you're already all in, that's why you want everybody else to do the same immature thing as you did.