RALLY! - page 6. | Bitcointalksearch.org

420

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Activity: 756

Merit: 500

Quote from: trogdorjw73 on August 19, 2012, 11:02:50 PM

Quote from: kentrolla on August 19, 2012, 10:38:12 PM

Quote from: proudhon on August 19, 2012, 10:26:41 PM

Quote from: humanitee on August 19, 2012, 10:21:42 PM

I agree with proudhon. People were no doubt holding during the rally (miners, bitpay, etc.), coins are going to be coming out of the woodwork.

And that's just the people who were holding (like, had them in their own wallet, or just sitting in MtGox). Now, in addition to all those holders getting their coins ready to sell, we've got the hundreds of thousands of coins coming out of the pirate ship and a good portion of those a likely to end up on MtGox. I hope everyone is well stocked on popcorn and beer, because this week is going to be epic. What we've already seen is the tip of the iceberg, so to speak. This is going to be bad.

terrorism at its finest

I love how people think somehow the price is just going to jump back up. Here's the thing: if I wanted to accumulate more BTC right now and I was in possession of thousands of them (or, say, 400K like Pirate supposedly), easiest way to do it is to wait for a minor rally like today, and when people start thinking the price is trending up and there's a large enough wall at, say, $10 buy, sell into that wall and take it out, leaving a gigantic 60K sell wall in it's place. Then wait for the panic to drop the price down to $7 and buy some more. But if you can play it right, why buy at $7 if you can force it even lower, like down to $5 or less? Then you have the potential to double whatever you sold initially. This is how the market gets manipulated, and while others have certainly come out ahead with the volatility of the past couple days, the bigger fish are coming out even further ahead. Just my take, obviously.

the market gets manipulated only to the capacity that the traders are ignorant

trogdorjw73

hero member

Activity: 482

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Quote from: kentrolla on August 19, 2012, 10:38:12 PM

Quote from: proudhon on August 19, 2012, 10:26:41 PM

Quote from: humanitee on August 19, 2012, 10:21:42 PM

I agree with proudhon. People were no doubt holding during the rally (miners, bitpay, etc.), coins are going to be coming out of the woodwork.

And that's just the people who were holding (like, had them in their own wallet, or just sitting in MtGox). Now, in addition to all those holders getting their coins ready to sell, we've got the hundreds of thousands of coins coming out of the pirate ship and a good portion of those a likely to end up on MtGox. I hope everyone is well stocked on popcorn and beer, because this week is going to be epic. What we've already seen is the tip of the iceberg, so to speak. This is going to be bad.

terrorism at its finest

I love how people think somehow the price is just going to jump back up. Here's the thing: if I wanted to accumulate more BTC right now and I was in possession of thousands of them (or, say, 400K like Pirate supposedly), easiest way to do it is to wait for a minor rally like today, and when people start thinking the price is trending up and there's a large enough wall at, say, $10 buy, sell into that wall and take it out, leaving a gigantic 60K sell wall in it's place. Then wait for the panic to drop the price down to $7 and buy some more. But if you can play it right, why buy at $7 if you can force it even lower, like down to $5 or less? Then you have the potential to double whatever you sold initially. This is how the market gets manipulated, and while others have certainly come out ahead with the volatility of the past couple days, the bigger fish are coming out even further ahead. Just my take, obviously.

Cluster2k

legendary

Activity: 1692

Merit: 1018

Trying to get btc to MtGox to sell into the juicy rally before the price falls again.

MtGox says: "Database access error, please retry later"

Fail.

kentrolla

hero member

Activity: 1652

Merit: 569

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Quote from: proudhon on August 19, 2012, 10:26:41 PM

Quote from: humanitee on August 19, 2012, 10:21:42 PM

I agree with proudhon. People were no doubt holding during the rally (miners, bitpay, etc.), coins are going to be coming out of the woodwork.

And that's just the people who were holding (like, had them in their own wallet, or just sitting in MtGox). Now, in addition to all those holders getting their coins ready to sell, we've got the hundreds of thousands of coins coming out of the pirate ship and a good portion of those a likely to end up on MtGox. I hope everyone is well stocked on popcorn and beer, because this week is going to be epic. What we've already seen is the tip of the iceberg, so to speak. This is going to be bad.

terrorism at its finest

notme

legendary

Activity: 1904

Merit: 1002

Quote from: proudhon on August 19, 2012, 10:26:41 PM

Quote from: humanitee on August 19, 2012, 10:21:42 PM

I agree with proudhon. People were no doubt holding during the rally (miners, bitpay, etc.), coins are going to be coming out of the woodwork.

And that's just the people who were holding (like, had them in their own wallet, or just sitting in MtGox). Now, in addition to all those holders getting their coins ready to sell, we've got the hundreds of thousands of coins coming out of the pirate ship and a good portion of those a likely to end up on MtGox. I hope everyone is well stocked on popcorn and beer, because this week is going to be epic. What we've already seen is the tip of the iceberg, so to speak. This is going to be bad.

I won't be selling any of my pirate booty, but I'm tempted to get some usd ready in case others do.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: humanitee on August 19, 2012, 10:21:42 PM

I agree with proudhon. People were no doubt holding during the rally (miners, bitpay, etc.), coins are going to be coming out of the woodwork.

And that's just the people who were holding (like, had them in their own wallet, or just sitting in MtGox). Now, in addition to all those holders getting their coins ready to sell, we've got the hundreds of thousands of coins coming out of the pirate ship and a good portion of those a likely to end up on MtGox. I hope everyone is well stocked on popcorn and beer, because this week is going to be epic. What we've already seen is the tip of the iceberg, so to speak. This is going to be bad.

humanitee

hero member

Activity: 1302

Merit: 502

I agree with proudhon. People were no doubt holding during the rally (miners, bitpay, etc.), coins are going to be coming out of the woodwork.

finkleshnorts

sr. member

Activity: 336

Merit: 250

Quote from: proudhon on August 19, 2012, 10:08:33 PM

It's going to bounce around as people who sold buy back thinking they're doing it at the bottom. I'm saying, I don't think most of people playing in the market realize that there's a storm headed this way and it's even bigger than the one that already passed through.

I agree. I think.

kentrolla

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Quote from: proudhon on August 19, 2012, 10:08:33 PM

It's going to bounce around as people who sold buy back thinking they're doing it at the bottom. I'm saying, I don't think most of people playing in the market realize that there's a storm headed this way and it's even bigger than the one that already passed through.

Stop terrorizing us plz

humanitee

hero member

Activity: 1302

Merit: 502

Less than BTC10,000 to $8.00

Don't drink the kool-aid.

cypherdoc

legendary

Activity: 1764

Merit: 1002

so today alone we've had a 31.5% rally from $7.60 to $10. NICE RETURN, Baby!

proudhon

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Activity: 2198

Merit: 1311

Quote from: cypherdoc on August 19, 2012, 10:06:45 PM

Quote from: proudhon on August 19, 2012, 09:58:20 PM

Quote from: cypherdoc on August 19, 2012, 09:55:06 PM

Quote from: proudhon on August 19, 2012, 09:49:43 PM

Quote from: Sitarow on August 19, 2012, 09:36:38 PM

Quote from: bitcon on August 19, 2012, 09:29:40 PM

i was able to get ~440 BTC @ $8. wanted to get more at that price, but the market rose too fast....

Same

Good Price

I'm being totally serious. If this isn't making you worried, then you haven't payed enough attention to the way this market behaves.

Just days ago there was a little over 60,000 BTCs on the sell side. Total. Now there are ~200,000 BTCs to $15. It would take almost 2.5 million dollars to get back to where we just were days ago, assuming a single giant buy. AND, the number of bitcoins that has suddenly appeared on MtGox doesn't represent the additional hundreds of thousands that will be entering the market throughout the week, assuming pirate actually makes good on his claim to cover everyone's deposits. In a odd twist of fate, it'd be better for the market for pirate to just run off with all those bitcoins. To say that supply has increased a lot is a laughable understatement, even now, and considering what's coming this looks worse than it did in the lead up to the crash to $2.

what if a big holder of BTC's, i know some, decide they want even more BTC. they put up huge ask walls they never intend to sell just to scare the living bejeezus out of guys like you then scoop them up at prices like $7-10? that's what i'd call accumulation.

The odds of that happening seem quite a bit lower to me than the odds of the price going down much, much further since, unlike your hypothetical case, the number of bitcoins being thrown up for sale on MtGox has in fact gone up by almost 4x in the past few days and the odds are pretty good that hundreds of thousands more will make their way into the market throughout the week. Maybe there are a few deep pockets out there who want to own a lot of bitcoins, but you'd need some pretty deep pockets to buy right now in the face of what's likely headed this way.

well, all i can say is RALLY TIME! price back over $10 and heading higher! Cheesy

It's going to bounce around as people who sold buy back thinking they're doing it at the bottom. I'm saying, I don't think most of people playing in the market realize that there's a storm headed this way and it's even bigger than the one that already passed through.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: proudhon on August 19, 2012, 09:58:20 PM

Quote from: cypherdoc on August 19, 2012, 09:55:06 PM

Quote from: proudhon on August 19, 2012, 09:49:43 PM

Quote from: Sitarow on August 19, 2012, 09:36:38 PM

Quote from: bitcon on August 19, 2012, 09:29:40 PM

i was able to get ~440 BTC @ $8. wanted to get more at that price, but the market rose too fast....

Same

Good Price

I'm being totally serious. If this isn't making you worried, then you haven't payed enough attention to the way this market behaves.

Just days ago there was a little over 60,000 BTCs on the sell side. Total. Now there are ~200,000 BTCs to $15. It would take almost 2.5 million dollars to get back to where we just were days ago, assuming a single giant buy. AND, the number of bitcoins that has suddenly appeared on MtGox doesn't represent the additional hundreds of thousands that will be entering the market throughout the week, assuming pirate actually makes good on his claim to cover everyone's deposits. In a odd twist of fate, it'd be better for the market for pirate to just run off with all those bitcoins. To say that supply has increased a lot is a laughable understatement, even now, and considering what's coming this looks worse than it did in the lead up to the crash to $2.

what if a big holder of BTC's, i know some, decide they want even more BTC. they put up huge ask walls they never intend to sell just to scare the living bejeezus out of guys like you then scoop them up at prices like $7-10? that's what i'd call accumulation.

The odds of that happening seem quite a bit lower to me than the odds of the price going down much, much further since, unlike your hypothetical case, the number of bitcoins being thrown up for sale on MtGox has in fact gone up by almost 4x in the past few days and the odds are pretty good that hundreds of thousands more will make their way into the market throughout the week. Maybe there are a few deep pockets out there who want to own a lot of bitcoins, but you'd need some pretty deep pockets to buy right now in the face of what's likely headed this way.

well, all i can say is RALLY TIME! price back over $10 and heading higher! Cheesy

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: cypherdoc on August 19, 2012, 09:55:06 PM

Quote from: proudhon on August 19, 2012, 09:49:43 PM

Quote from: Sitarow on August 19, 2012, 09:36:38 PM

Quote from: bitcon on August 19, 2012, 09:29:40 PM

i was able to get ~440 BTC @ $8. wanted to get more at that price, but the market rose too fast....

Same

Good Price

I'm being totally serious. If this isn't making you worried, then you haven't payed enough attention to the way this market behaves.

Just days ago there was a little over 60,000 BTCs on the sell side. Total. Now there are ~200,000 BTCs to $15. It would take almost 2.5 million dollars to get back to where we just were days ago, assuming a single giant buy. AND, the number of bitcoins that has suddenly appeared on MtGox doesn't represent the additional hundreds of thousands that will be entering the market throughout the week, assuming pirate actually makes good on his claim to cover everyone's deposits. In a odd twist of fate, it'd be better for the market for pirate to just run off with all those bitcoins. To say that supply has increased a lot is a laughable understatement, even now, and considering what's coming this looks worse than it did in the lead up to the crash to $2.

what if a big holder of BTC's, i know some, decide they want even more BTC. they put up huge ask walls they never intend to sell just to scare the living bejeezus out of guys like you then scoop them up at prices like $7-10? that's what i'd call accumulation.

The odds of that happening seem quite a bit lower to me than the odds of the price going down much, much further since, unlike your hypothetical case, the number of bitcoins being thrown up for sale on MtGox has in fact gone up by almost 4x in the past few days and the odds are pretty good that hundreds of thousands more will make their way into the market throughout the week. Maybe there are a few deep pockets out there who want to own a lot of bitcoins, but you'd need some pretty deep pockets to buy right now in the face of what's likely headed this way.

ruski

full member

Activity: 350

Merit: 100

Quote from: proudhon on August 19, 2012, 09:49:43 PM

In a odd twist of fate, it'd be better for the market for pirate to just run off with all those bitcoins.

That's always been the case as far as I knew. Less coins = less selling. Idiots believing in a ponzi is nothing new, I doubt that mud would stick to BTC in the way you seem to think it may have.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: proudhon on August 19, 2012, 09:49:43 PM

Quote from: Sitarow on August 19, 2012, 09:36:38 PM

Quote from: bitcon on August 19, 2012, 09:29:40 PM

i was able to get ~440 BTC @ $8. wanted to get more at that price, but the market rose too fast....

Same

Good Price

I'm being totally serious. If this isn't making you worried, then you haven't payed enough attention to the way this market behaves.

Just days ago there was a little over 60,000 BTCs on the sell side. Total. Now there are ~200,000 BTCs to $15. It would take almost 2.5 million dollars to get back to where we just were days ago, assuming a single giant buy. AND, the number of bitcoins that has suddenly appeared on MtGox doesn't represent the additional hundreds of thousands that will be entering the market throughout the week, assuming pirate actually makes good on his claim to cover everyone's deposits. In a odd twist of fate, it'd be better for the market for pirate to just run off with all those bitcoins. To say that supply has increased a lot is a laughable understatement, even now, and considering what's coming this looks worse than it did in the lead up to the crash to $2.

what if a big holder of BTC's, i know some, decide they want even more BTC. they put up huge ask walls they never intend to sell just to scare the living bejeezus out of guys like you then scoop them up at prices like $7-10? that's what i'd call accumulation.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: Sitarow on August 19, 2012, 09:36:38 PM

Quote from: bitcon on August 19, 2012, 09:29:40 PM

i was able to get ~440 BTC @ $8. wanted to get more at that price, but the market rose too fast....

Same

Good Price

I'm being totally serious. If this isn't making you worried, then you haven't payed enough attention to the way this market behaves.

Just days ago there was a little over 60,000 BTCs on the sell side. Total. Now there are ~200,000 BTCs to $15. It would take almost 2.5 million dollars to get back to where we just were days ago, assuming a single giant buy. AND, the number of bitcoins that has suddenly appeared on MtGox doesn't represent the additional hundreds of thousands that will be entering the market throughout the week, assuming pirate actually makes good on his claim to cover everyone's deposits. In a odd twist of fate, it'd be better for the market for pirate to just run off with all those bitcoins. To say that supply has increased a lot is a laughable understatement, even now, and considering what's coming this looks worse than it did in the lead up to the crash to $2.

Sitarow

legendary

Activity: 1792

Merit: 1047

Quote from: bitcon on August 19, 2012, 09:29:40 PM

i was able to get ~440 BTC @ $8. wanted to get more at that price, but the market rose too fast....

Same

Good Price

proudhon

legendary

Activity: 2198

Merit: 1311

There are more bitcoins than ever piling up on the sell side. Things are going to fun this week as all of pirate's mates move their bitcoins to MtGox. Hopefully we can get down to at least $5, and if we're lucky, even lower.

bitcon

legendary

Activity: 2212

Merit: 1008

i was able to get ~440 BTC @ $8. wanted to get more at that price, but the market rose too fast....

Topic: RALLY! - page 6. (Read 39284 times)