Poppppp!!! I'm calling it See you at 300 - page 2.

jasonjm

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Quote from: Taxidermista on December 18, 2013, 02:13:59 AM

Quote from: jasonjm on December 18, 2013, 01:52:15 AM

what I find most amazing, is that some massive wallets with 10 000 + bitcoins did not sell a single bitcoin in the run up to $1200 - not even one.

Either these guys know something I don't, have COJONES the size of watermelons, or are just plain delusional. I do not know.

FTFY

I guess I will be sticking to English words.

raid_n

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Quote from: piramida on December 18, 2013, 02:15:28 AM

no, alot of these wallets understand where BTC will end up in several years, so these minor dips or runups in price don't interest them.

+1

It is sufficient if bitcoin goes up, say 25% a year.

piramida

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Borsche

no, alot of these wallets understand where BTC will end up in several years, so these minor dips or runups in price don't interest them.

Taxidermista

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Quote from: jasonjm on December 18, 2013, 01:52:15 AM

what I find most amazing, is that some massive wallets with 10 000 + bitcoins did not sell a single bitcoin in the run up to $1200 - not even one.

Either these guys know something I don't, have COJONES the size of watermelons, or are just plain delusional. I do not know.

FTFY

jasonjm

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Quote from: samsam on December 18, 2013, 01:59:51 AM

Quote from: jasonjm on December 18, 2013, 01:52:15 AM

what I find most amazing, is that some massive wallets with 10 000 + bitcoins did not sell a single bitcoin in the run up to $1200 - not even one.

Either these guys know something I don't, have cahones the size of watermelons, or are just plain delusional. I do not know.

A lot of these are lost wallets. Tons of early miners/adopters lost their computers/HDD with their wallets on them.

maybe you are right.

for anyone interested, look at http://bitcoinrichlist.com/top500

you can see how few accounts started dumping BTC.

samsam

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Quote from: jasonjm on December 18, 2013, 01:52:15 AM

what I find most amazing, is that some massive wallets with 10 000 + bitcoins did not sell a single bitcoin in the run up to $1200 - not even one.

Either these guys know something I don't, have cahones the size of watermelons, or are just plain delusional. I do not know.

A lot of these are lost wallets. Tons of early miners/adopters lost their computers/HDD with their wallets on them.

seanneko

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Quote from: jasonjm on December 18, 2013, 01:52:15 AM

what I find most amazing, is that some massive wallets with 10 000 + bitcoins did not sell a single bitcoin in the run up to $1200 - not even one.

Either these guys know something I don't, have cahones the size of watermelons, or are just plain delusional. I do not know.

I suspect that many of them are already rich outside BTC, and so don't really care about making a few million extra here and there.

jasonjm

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what I find most amazing, is that some massive wallets with 10 000 + bitcoins did not sell a single bitcoin in the run up to $1200 - not even one.

Either these guys know something I don't, have cahones the size of watermelons, or are just plain delusional. I do not know.

traderCJ

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Quote from: massivebitman on December 18, 2013, 01:45:41 AM

Oh man, this is just like the last crash I find it really hard to imagine why people would be buying now...

You'd have to have a lot of money if you wanted to manipulate the price up... a lot.

Lots of guts, too. All it takes is a few other whales or a wave of plebs dumping into your pump.

massivebitman

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Oh man, this is just like the last crash I find it really hard to imagine why people would be buying now...

You'd have to have a lot of money if you wanted to manipulate the price up... a lot.

Nikinger

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Quote from: samsam on December 18, 2013, 01:37:29 AM

Look on the bright side, guys. At least BTC will be affordable again. Cheesy

BTC is always affordable as long as one Satoshi (0.00000001 BTC) is affordable Grin

samsam

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Look on the bright side, guys. At least BTC will be affordable again. Cheesy

traderCJ

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Quote from: jasonjm on December 18, 2013, 01:29:49 AM

so that is why people (us, you, me) sometimes hold onto positions into a death spiral instead of selling.

Heh, definitely been that guy in the past .. learned my lesson.

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Quote from: johnblaze on December 18, 2013, 01:28:01 AM

Quote from: johnblaze on December 18, 2013, 01:23:53 AM

Quote from: jasonjm on December 18, 2013, 01:21:57 AM

chinese have to get their money out by jan 30th deadline.

link to this deadline?

i want to know if this jan 30 deadline is true or not

or if its just another bitcoiner who has misinterpreted the news

"Companies currently offering services must end services by the Chinese New Year, a weeklong holiday that begins on Jan. 31, the newspaper cited Zhou Jinhuang, deputy director of payment clearance at the People’s Bank of China, as saying at a meeting with more than 10 third-party payment service providers."

jasonjm

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Quote from: 600watt on December 18, 2013, 01:25:22 AM

Quote from: jasonjm on December 18, 2013, 01:21:57 AM

Quote from: traderCJ on December 18, 2013, 01:12:38 AM

I can't believe I'm saying this, but in light of this news, I'd say $300 isn't unreasonable. It'll take awhile for the exchanges to flush out all the panic sellers. This could last a few days.

a few days eh?

chinese have to get their money out by jan 30th deadline.

so, I would bet on more like 6 weeks of bitcoin torture? not saying it has to crash every day, but I would expect downward pressure for 6 weeks.

Also it takes a while to arb the exchange rates between exchanges, so the downward pressure will be moved to gox and btc from the chinese exchanges only after days of being at lower prices (like they currently are now).

well, china can´t go down 6 more weeks with this pace. chart cannot turn negative... Wink

yep. 300 is the bottom

yeah I never said crash every day for 6 weeks, I said downward pressure. Some days will be up undoubtedly.

as to the other question as to why people don't sell when something is crashing? its obvious, human psychology works against us, its only a real loss when you sell at a loss. As long as the position is open, you wish and pray for a rebound, or you just pretend the position isnt in the red. Either or.

so that is why people (us, you, me) sometimes hold onto positions into a death spiral instead of selling.

johnblaze

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Quote from: johnblaze on December 18, 2013, 01:23:53 AM

Quote from: jasonjm on December 18, 2013, 01:21:57 AM

chinese have to get their money out by jan 30th deadline.

link to this deadline?

i want to know if this jan 30 deadline is true or not

or if its just another bitcoiner who has misinterpreted the news

Nikinger

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About one week ago I guessed that it will end like the 2011 bubble:

Now it pops more quickly than I thought. Luckily I sold off 35% a week ago, recently another 30%. Probably I'll hold the remaining Bitcoins in the case of a positive surprise being happen.

600watt

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Quote from: jasonjm on December 18, 2013, 01:21:57 AM

Quote from: traderCJ on December 18, 2013, 01:12:38 AM

I can't believe I'm saying this, but in light of this news, I'd say $300 isn't unreasonable. It'll take awhile for the exchanges to flush out all the panic sellers. This could last a few days.

a few days eh?

chinese have to get their money out by jan 30th deadline.

so, I would bet on more like 6 weeks of bitcoin torture? not saying it has to crash every day, but I would expect downward pressure for 6 weeks.

Also it takes a while to arb the exchange rates between exchanges, so the downward pressure will be moved to gox and btc from the chinese exchanges only after days of being at lower prices (like they currently are now).

well, china can´t go down 6 more weeks with this pace. chart cannot turn negative... Wink

yep. 300 is the bottom

traderCJ

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Quote from: jasonjm on December 18, 2013, 01:21:57 AM

Quote from: traderCJ on December 18, 2013, 01:12:38 AM

I can't believe I'm saying this, but in light of this news, I'd say $300 isn't unreasonable. It'll take awhile for the exchanges to flush out all the panic sellers. This could last a few days.

a few days eh?

chinese have to get their money out by jan 30th deadline.

so, I would bet on more like 6 weeks of bitcoin torture? not saying it has to crash every day, but I would expect downward pressure for 6 weeks.

Also it takes a while to arb the exchange rates between exchanges, so the downward pressure will be moved to gox and btc from the chinese exchanges only after days of being at lower prices (like they currently are now).

Possible, but why on Earth would a Chinese bitcoiner wait to delay liquidation only to face selling for satoshis on the coin?

johnblaze

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Quote from: jasonjm on December 18, 2013, 01:21:57 AM

chinese have to get their money out by jan 30th deadline.

link to this deadline?

Topic: Poppppp!!! I'm calling it See you at 300 - page 2. (Read 3151 times)