No ATH this summer | Bitcointalksearch.org

Bitcopia

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Quote from: romneymoney on June 18, 2014, 11:17:40 AM

Big boys certainly do become bagholders on certain investments. Diversification allows for some high risk/reward investment, and sometimes that will go down, there's much less chance they'll be down overall though.

True. They've taken calculated risks and are aware they might lose. I highly doubt they would consider themselves bagholders at this point in time.

RodeoX

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I don't get it. Bitcoin already has made me more money this year than all my other investments combined. The returns are insane. Yet when it fails to go to the moon like you wanted... it's not going anywhere? I seriously doubt any of us is aware of any investment that is even close to the growth of bitcoin.
Chill, this is going to take years to play out.

MatTheCat

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Quote from: MoreFun on June 18, 2014, 11:13:19 AM

No, over $1000 was only paid buy youngsters investing around 1k for one bitcoin Grin

. Be serious, they were paying high price.

My most expensive Bitcoins were $1120. Against the advice of all the usual bulltards on here, I sold them at around $1050. Everyone who was buying Bitcoins at the end of November was paying ATH prices, but that doesn't mean everyone was holding. I would suggest that there are very very few units of Bitcoin in the world today that were bought at $1000 and weren't sold back into market.

romneymoney

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HODL

Big boys certainly do become bagholders on certain investments. Diversification allows for some high risk/reward investment, and sometimes that will go down, there's much less chance they'll be down overall though.

MoreFun

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Quote from: MatTheCat on June 18, 2014, 11:01:21 AM

Quote from: MoreFun on June 18, 2014, 10:52:47 AM

Yea right about big guys... maybe about very smart and experienced ones, but definetly not in general. Take a look at BIT Trust buys and Panthera average price... big guys was paying high price in $1150 runup, remember $1000 10k wall at stamp and sooo...

I really doubt that the big guys have become bag-holders in any serious way.

But where do I find such information?

No, over $1000 was only paid buy youngsters investing around 1k for one bitcoin Grin

. Be serious, they were paying high price.

Bitcopia

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Quote from: MatTheCat on June 18, 2014, 11:01:21 AM

Quote from: MoreFun on June 18, 2014, 10:52:47 AM

Yea right about big guys... maybe about very smart and experienced ones, but definetly not in general. Take a look at BIT Trust buys and Panthera average price... big guys was paying high price in $1150 runup, remember $1000 10k wall at stamp and sooo...

I really doubt that the big guys have become bag-holders in any serious way.

But where do I find such information?

BIT has loads of clients that have become what you consider "bag holders."
I can't find data for Pantera's specific buy prices, but the date of their first purchase was October 2013. So they have definitely been buying the run up and the run down. $96MM between 45 individuals. These are the kind of people who don't become "bag holders."

https://bitcointalksearch.org/topic/m.6449073
https://bitcointalksearch.org/topic/gbtc-bitcoin-investment-trust-observer-337486
http://www.sec.gov/Archives/edgar/data/1598389/000090266414002722/xslFormDX01/primary_doc.xml

MatTheCat

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Quote from: MoreFun on June 18, 2014, 10:52:47 AM

Yea right about big guys... maybe about very smart and experienced ones, but definetly not in general. Take a look at BIT Trust buys and Panthera average price... big guys was paying high price in $1150 runup, remember $1000 10k wall at stamp and sooo...

I really doubt that the big guys have become bag-holders in any serious way.

But where do I find such information?

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Quote from: MatTheCat on June 18, 2014, 10:47:40 AM

Quote from: Dragonkiller on June 18, 2014, 09:32:24 AM

So kinda like what's been happening during the past six months whilst Pantera has been accumulating $100m in bitcoin? Wink

Perhaps. And if it were the case, who is to say that they aren't still in the midst of their Bitcoin accumulation project? These guys can be thinking ahead in terms of 5-10 years. That is wayyy too long for the average Bitcoiner patience threshold, mine included.

Hedge funds don't think 5-10 years ahead. The only reason they exist is to make a quick buck.

MoreFun

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Quote from: MatTheCat on June 18, 2014, 09:28:40 AM

Quote from: Zohann on June 18, 2014, 08:35:42 AM

People with big pockets are coming.

The Big Boys don't buy at the top of markets. That is when they sell. The Big Boys buy at the bottom of the markets and in Bitcoin's case, probably off-exchange for a rate which correlates to the spot price at the time. In this sense, if The Big Boys intend to accumulate Bitcoin, it would make sense for them to play on an exchange in order to gradually grind Bitcoin down to the floor (without murdering it) which will put them in a better negotiating position for acquiring large amounts of BTC in off-exchange transactions. Think about it.

Howdya like that paradigm!?

Not quite what you were wanting to hear was it?

Yea right about big guys... maybe about very smart and experienced ones, but definetly not in general. Take a look at BIT Trust buys and Panthera average price... big guys was paying high price in $1150 runup, remember $1000 10k wall at stamp and sooo...

Asrael999

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Quote from: master-P on June 18, 2014, 09:19:09 AM

Quote from: Zohann on June 18, 2014, 08:35:42 AM

People with big pockets are coming.

That's what people were saying when I joined this forum over a year ago. Some people speculate that the big players are already buying BTC slowly at what they consider to be the current low prices, but there's not much proof supporting that theory.

although to be fair the price is 5x higher than it was this time last year

MatTheCat

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Quote from: Dragonkiller on June 18, 2014, 09:32:24 AM

So kinda like what's been happening during the past six months whilst Pantera has been accumulating $100m in bitcoin? Wink

Perhaps. And if it were the case, who is to say that they aren't still in the midst of their Bitcoin accumulation project? These guys can be thinking ahead in terms of 5-10 years. That is wayyy too long for the average Bitcoiner patience threshold, mine included.

segeln

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Quote from: MatTheCat on June 18, 2014, 09:28:40 AM

The Big Boys don't buy at the top of markets. That is when they sell. The Big Boys buy at the bottom of the markets and in Bitcoin's case, probably off-exchange for a rate which correlates to the spot price at the time. In this sense, if The Big Boys intend to accumulate Bitcoin, it would make sense for them to play on an exchange in order to gradually grind Bitcoin down to the floor (without murdering it) which will put them in a better negotiating position for acquiring large amounts of BTC in off-exchange transactions. Think about it.

at the bottom/baisse the hardboiled have the Shares,the weak hands the fiat
at the top/hausse the hardboiled got the fiat and the weak hands the shares

piramida

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Quote from: master-P on June 18, 2014, 09:19:09 AM

Quote from: Zohann on June 18, 2014, 08:35:42 AM

People with big pockets are coming.

That's what people were saying when I joined this forum over a year ago.

During which time the price have risen about x100, so maybe there was some truth in that?

Dragonkiller

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Quote from: MatTheCat on June 18, 2014, 09:28:40 AM

Quote from: Zohann on June 18, 2014, 08:35:42 AM

People with big pockets are coming.

The Big Boys don't buy at the top of markets. That is when they sell. The Big Boys buy at the bottom of the markets and in Bitcoin's case, probably off-exchange for a rate which correlates to the spot price at the time. In this sense, if The Big Boys intend to accumulate Bitcoin, it would make sense for them to play on an exchange in order to gradually grind Bitcoin down to the floor (without murdering it) which will put them in a better negotiating position for acquiring large amounts of BTC in off-exchange transactions. Think about it.

Howdya like that paradigm!?

Not quite what you were wanting to hear was it?

So kinda like what's been happening during the past six months whilst Pantera has been accumulating $100m in bitcoin? Wink

MatTheCat

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Quote from: Zohann on June 18, 2014, 08:35:42 AM

People with big pockets are coming.

The Big Boys don't buy at the top of markets. That is when they sell. The Big Boys buy at the bottom of the markets and in Bitcoin's case, probably off-exchange for a rate which correlates to the spot price at the time. In this sense, if The Big Boys intend to accumulate Bitcoin, it would make sense for them to play on an exchange in order to gradually grind Bitcoin down to the floor (without murdering it) which will put them in a better negotiating position for acquiring large amounts of BTC in off-exchange transactions. Think about it.

Howdya like that paradigm!?

Not quite what you were wanting to hear was it?

abacus

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Quote from: wobber on June 18, 2014, 08:17:30 AM

$600 for one unit is pretty high for most people in the world.

What you wrote is astoundingly similar to that famous Bill Gates quote:

Quote from: Bill Gates

640K is more memory than anyone will ever need on a computer.

Well, to be honest, it's probably just a myth because B. Gates denied having said that.
But I think it's worth mentioning as example of what an utterly wrong prediction can look like.

Hyena

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Quote from: master-P on June 18, 2014, 09:19:09 AM

Quote from: Zohann on June 18, 2014, 08:35:42 AM

People with big pockets are coming.

That's what people were saying when I joined this forum over a year ago. Some people speculate that the big players are already buying BTC slowly at what they consider to be the current low prices, but there's not much proof supporting that theory.

I've always suspected that people with big pockets are butthurt that they missed the boat when bitcoin was cheap. So, instead of buying in late they intend to create their own bitcoin (call it ripple or ether for example).

master-P

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Quote from: Zohann on June 18, 2014, 08:35:42 AM

People with big pockets are coming.

That's what people were saying when I joined this forum over a year ago. Some people speculate that the big players are already buying BTC slowly at what they consider to be the current low prices, but there's not much proof supporting that theory.

Zohann

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People with big pockets are coming.

bananaControl

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Quote from: wobber on June 18, 2014, 08:17:30 AM

$600 for one unit is pretty high for most people in the world. $300 (0.5 BTC) also is.

Ahh, the age old argument that sadly holds some truth, though of course at the same time makes no sense at all Cheesy

Where's my bits damnit?

Topic: No ATH this summer (Read 1855 times)