GOX was under 350€.
My orders are filled.
Still have 70% fiat.
Best thing is to turn bear when all are shouting to the moon. Didn't sell all, but more then 85% above 800€.
Buying back all the way down with bigger junks @ keypoints.
Hope to see sub 100€. Eat all the 1000$ panicbull coins.
Topic: Poppppp!!! I'm calling it See you at 300 (Read 3180 times)
I don't mind all the panic selling. More cheap coins for me 
and for me !
For all of us!
Heh, today's cheap coin can be tomorrow's expensive coin.
shit.
i feared 300.
i hope i need not to hope for 300.
i feared 300.
i hope i need not to hope for 300.
Shit is going to get real, CNY is $ 435, guess we have not stabilized yet...more crash
I don't mind all the panic selling. More cheap coins for me
and for me !
For all of us!
I don't mind all the panic selling. More cheap coins for me
and for me !
this is pretty important stuff though, if all these accounts are truly dead, then the threat of a complete bitcoin wipeout (down to $10 or less) is far less than I initially calculated, as these coins can't come back into the market as sell orders en masse.
The dead wallets contains near 2,5M of bitcoins (actually we can estimate a 22% of all the bitcoins with the great majority are from addresses with 25-50BTC) : there is a post on the italian section of the forum in which all the movements of all the wallets since 2009, we have considered that the wallets with no input or out for more than 2 years are to be considered dead https://bitcointalk.org/index.php?topic=353156.120The dead wallet are too often underestimated. I also have an old dead wallet. There was a time 10000 BTC could only afford a pizza, why would you care about few thousand BTC ?
I don't mind all the panic selling. More cheap coins for me
the wallets with no input or out for more than 2 years are to be considered dead
but this is wrong on many levels, I have some wallets like that, they are not dead.
Yes, actually I've 4 too that are more than 2 year that are stuck (but alive
). But the only way to estimate if a wallet is alive or not is to check is movements. I can imagine that at least 10% of the dead wallets are only sleeping, but I feel that are not much more than that. Anyway if you've an idea on how try to determine if a wallet is dead or not you're welcome.The number is much more usefull read on the other side: for sure 78% of bitcoins are alive.
the wallets with no input or out for more than 2 years are to be considered dead
but this is wrong on many levels, I have some wallets like that, they are not dead.
this is pretty important stuff though, if all these accounts are truly dead, then the threat of a complete bitcoin wipeout (down to $10 or less) is far less than I initially calculated, as these coins can't come back into the market as sell orders en masse.
The dead wallets contains near 2,5M of bitcoins (actually we can estimate a 22% of all the bitcoins with the great majority are from addresses with 25-50BTC) : there is a post on the italian section of the forum in which all the movements of all the wallets since 2009, we have considered that the wallets with no input or out for more than 2 years are to be considered dead https://bitcointalk.org/index.php?topic=353156.120
wow we're dropping fast!!
shit.
i feared 300.
i hope i need not to hope for 300.
i feared 300.
i hope i need not to hope for 300.
Remember - all that matters in Bitcoin pricing is the going rate for only the coins on the exchanges. The only impact one of those big cold wallets can have on price is downward if it is liquidated. Those wallets not being touched is already priced into the exchange rate.
well said
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.
yeah, well it still makes zero sense unless these people are all wealthy before bitcoins.
How can someone possibly have millions of dollars in bitcoin, and not sell one single coin - not even one. Something is not right, I am trying to work it out.
If these people believe that much in bitcoin, all of them, to the point that of their 10 000 or more bitcoins, they cannot even part with one, then they cannot be mentally sound - or they are so rich that they do not care.
OR
as previous poster stated, perhaps almost all of these are dead wallets. That would make sense to me at least.
I would believe they're dead wallets. Why would you care about something that was worth nothing at the time. Who would've known? 10,000BTC for a pizza looks insane at todays prices, but was it really?
this is pretty important stuff though, if all these accounts are truly dead, then the threat of a complete bitcoin wipeout (down to $10 or less) is far less than I initially calculated, as these coins can't come back into the market as sell orders en masse.
Remember - all that matters in Bitcoin pricing is the going rate for only the coins on the exchanges. The only impact one of those big cold wallets can have on price is downward if it is liquidated. Those wallets not being touched is already priced into the exchange rate.
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.
yeah, well it still makes zero sense unless these people are all wealthy before bitcoins.
How can someone possibly have millions of dollars in bitcoin, and not sell one single coin - not even one. Something is not right, I am trying to work it out.
If these people believe that much in bitcoin, all of them, to the point that of their 10 000 or more bitcoins, they cannot even part with one, then they cannot be mentally sound - or they are so rich that they do not care.
OR
as previous poster stated, perhaps almost all of these are dead wallets. That would make sense to me at least.
1. they might have large cold storage and smaller wallet for spending; most do
2. they might have enough cash on hand to not care about selling undervalued asset
3. cold wallets are just that - cold, being on paper somewhere in a deposit box to make selling on emotions hard
The next few days will be exciting. We're down over 50% of ATH
Now the true valuation of BTC is going on
Now the true valuation of BTC is going on
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.
yeah, well it still makes zero sense unless these people are all wealthy before bitcoins.
How can someone possibly have millions of dollars in bitcoin, and not sell one single coin - not even one. Something is not right, I am trying to work it out.
If these people believe that much in bitcoin, all of them, to the point that of their 10 000 or more bitcoins, they cannot even part with one, then they cannot be mentally sound - or they are so rich that they do not care.
OR
as previous poster stated, perhaps almost all of these are dead wallets. That would make sense to me at least.
I would believe they're dead wallets. Why would you care about something that was worth nothing at the time. Who would've known? 10,000BTC for a pizza looks insane at todays prices, but was it really?
this is pretty important stuff though, if all these accounts are truly dead, then the threat of a complete bitcoin wipeout (down to $10 or less) is far less than I initially calculated, as these coins can't come back into the market as sell orders en masse.
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.
yeah, well it still makes zero sense unless these people are all wealthy before bitcoins.
How can someone possibly have millions of dollars in bitcoin, and not sell one single coin - not even one. Something is not right, I am trying to work it out.
If these people believe that much in bitcoin, all of them, to the point that of their 10 000 or more bitcoins, they cannot even part with one, then they cannot be mentally sound - or they are so rich that they do not care.
OR
as previous poster stated, perhaps almost all of these are dead wallets. That would make sense to me at least.
I would believe they're dead wallets. Why would you care about something that was worth nothing at the time. Who would've known? 10,000BTC for a pizza looks insane at todays prices, but was it really?
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.
yeah, well it still makes zero sense unless these people are all wealthy before bitcoins.
How can someone possibly have millions of dollars in bitcoin, and not sell one single coin - not even one. Something is not right, I am trying to work it out.
If these people believe that much in bitcoin, all of them, to the point that of their 10 000 or more bitcoins, they cannot even part with one, then they cannot be mentally sound - or they are so rich that they do not care.
OR
as previous poster stated, perhaps almost all of these are dead wallets. That would make sense to me at least.
oh man... How low could this go?
Think about all the money that was pumped in early on... There's a huge amount of coins now that people will be looking to pull out at any price.
Think about all the money that was pumped in early on... There's a huge amount of coins now that people will be looking to pull out at any price.
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.
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.
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.
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.
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.
Either these guys know something I don't, have COJONES the size of watermelons, or are just plain delusional. I do not know.
FTFY
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.
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.
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.
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.
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.
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.
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.
Either these guys know something I don't, have cahones the size of watermelons, or are just plain delusional. I do not know.
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.
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.
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.
You'd have to have a lot of money if you wanted to manipulate the price up... a lot.
Look on the bright side, guys. At least BTC will be affordable again. 
BTC is always affordable as long as one Satoshi (0.00000001 BTC) is affordable
Look on the bright side, guys. At least BTC will be affordable again.
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.
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."
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...
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.
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
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.
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.
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...
yep. 300 is the bottom
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?
chinese have to get their money out by jan 30th deadline.
link to this deadline?
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).
Where are all the demented bulls....tu dUh mOon feW wEEKS !!
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.
Game over guys... Sure we'll end higher than we started but, with China out of the picture, I really think we're post peak
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