We are the 1%!
Topic: The return of the whale (Read 2273 times)
If I was a Greek living in Greece I'd be buying up gold and silver right now. Bitcoins? My bet is 99% of the general population (ie. not geeks) don't know what bitcoin is, where it is bought and how it can be used to move money outside the country.
Yeah - but even if the 1% started buying Bitcoins - this would move the market. Bitcoins are still such a small market, despite being a global one.We are the 1%!
If I was a Greek living in Greece I'd be buying up gold and silver right now. Bitcoins? My bet is 99% of the general population (ie. not geeks) don't know what bitcoin is, where it is bought and how it can be used to move money outside the country.
Yeah - but even if the 1% started buying Bitcoins - this would move the market. Bitcoins are still such a small market, despite being a global one. 
If I was a Greek living in Greece I'd be buying up gold and silver right now. Bitcoins? My bet is 99% of the general population (ie. not geeks) don't know what bitcoin is, where it is bought and how it can be used to move money outside the country.
Quote
Is this the end of stability?
Hopefully so
Goes to show what liquidity of bets in all directions through Bitcoinca meant for ze price stabeelethee.
what makes you guys think the asked were pulled out and not sold off?
Denial.
how to you account for 70,000 coins traded?
none of it came from the ask wall, and the bid wall grew!
ah yes, this is what the bitcoin per launch sequence looks like
It's been a while, hasn't it. Vaguely familiar, but could it be possibly be real after these months of stability?
what makes you guys think the asked were pulled out and not sold off?
Denial.
how to you account for 70,000 coins traded?
none of it came from the ask wall, and the bid wall grew!
ah yes, this is what the bitcoin per launch sequence looks like
The size of the bidwalls matches the old 45k wall exactly... $200k to the top.
I wonder where we're going now. Last time he managed to push it from $4.6 to $5... askwalls are falling quickly.
Is this the end of stability?
I wonder where we're going now. Last time he managed to push it from $4.6 to $5... askwalls are falling quickly.
Is this the end of stability?
I'm betting we're not going to make it past the months long resistance and that we'll see sub $5 prices again.
didn't you get the memo?
https://bitcointalksearch.org/topic/base-price-under-5-club-78629
what makes you guys think the asked were pulled out and not sold off?
Denial.
Volumes are not that high yet... None of the walls have been 'eaten' yet. Just manipulation.
+1. People are trying to induce other people to take the plunge, but nobody wants to be the one to do it. And as we have seen over the past few months, it's going to take some serious buying volume to decisively settle the market's mind on which way to go.
looks like yesterday their was about 70,000BTC traded
what makes you guys think the asked were pulled out and not sold off?
if they where pulled out.. who sold & bought all these coins in the past 24 hours
The people in Greece (and then probably Italy and Spain) are sure to lose - the only question is if they will discover bitcoins in the right time.
They are not THAT desperate.
Instability is off-putting for a lot of people.
Stability will lead to greater adoption of bitcoin, which in turn will lead to another round of rampant speculation.
If not now, then soon.
IMO
Stability will lead to greater adoption of bitcoin, which in turn will lead to another round of rampant speculation.
If not now, then soon.
IMO
According to Khaneman there are two cases when people irrationally (that is against the chances) choose risk. One is the well known lottery situation - when for small money they can buy a chance for a big win. The second is the situation when they are sure to lose but risking even bigger loses they can 'win' to get even - this is the desperation case when people feel to be doomed they try anything. The people in Greece (and then probably Italy and Spain) are sure to lose - the only question is if they will discover bitcoins in the right time.
Of course - that is just a speculation.
Of course - that is just a speculation.
Volumes are not that high yet... None of the walls have been 'eaten' yet. Just manipulation.
+1. People are trying to induce other people to take the plunge, but nobody wants to be the one to do it. And as we have seen over the past few months, it's going to take some serious buying volume to decisively settle the market's mind on which way to go.
If it was only about the insiders this would be a dead game - but observe what will happen if people start to be really desperate with the Greek meltdown.
I haven't seen any good evidence to suggest that economic events outside of bitcoins' little world move this market one way or another.
+1. Agree with you. Bitcoin is not know enough to get any significant halo from these economic events.
Volumes are not that high yet... None of the walls have been 'eaten' yet. Just manipulation.
+1. People are trying to induce other people to take the plunge, but nobody wants to be the one to do it. And as we have seen over the past few months, it's going to take some serious buying volume to decisively settle the market's mind on which way to go.
If it was only about the insiders this would be a dead game - but observe what will happen if people start to be really desperate with the Greek meltdown.
I haven't seen any good evidence to suggest that economic events outside of bitcoins' little world move this market one way or another.
Volumes are not that high yet... None of the walls have been 'eaten' yet. Just manipulation.
+1. People are trying to induce other people to take the plunge, but nobody wants to be the one to do it. And as we have seen over the past few months, it's going to take some serious buying volume to decisively settle the market's mind on which way to go.
If it was only about the insiders this would be a dead game - but observe what will happen if people start to be really desperate with the Greek meltdown.
Stability = stagnation.
Volumes are not that high yet... None of the walls have been 'eaten' yet. Just manipulation.
+1. People are trying to induce other people to take the plunge, but nobody wants to be the one to do it. And as we have seen over the past few months, it's going to take some serious buying volume to decisively settle the market's mind on which way to go.
Volumes are not that high yet... None of the walls have been 'eaten' yet. Just manipulation.
The press is really good now, capital controls in Greece are now a bit more possible then it was just a few days ago, we are close to a tipping point in outside interest. On the other hand on the inside it looks rather gloomy - like it was about to resume the last years long down trend.
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