This is why Bitcoin is rising so fast... - page 2.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: dropt on May 25, 2014, 11:15:04 AM

Cry us another river why don't you, fkn clown.

Q) Why would I want to cry you a river if I am making money u fkn bag holder?

A) Don't answer, I am going to have to add you to my already very large list of fuckwits who are on ignore because they absolutely never have anything of value to say, whether I agree with them or not. I waste too much time allowing my mindset to be polluted by Kool-Aid guzzling Bitcoin Nutters on this place, and then skewed by my counter reaction against them, and it costs me.

Now kindly fuck off.....I am trying to figure out whether Bitcoin breaks down from what looks to be a bearish descending triangle or whether this triangle transforms itself into a more bullish formation.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: inca on May 25, 2014, 12:26:27 PM

Quote from: ElectricMucus on May 25, 2014, 12:24:08 PM

crossquote from the wall thread:

Quote from: Walsoraj on May 25, 2014, 10:37:18 AM

http://willyreport.wordpress.com/

Quote

So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.

lol

Not sure you will get the FUD you expect this weekend matey.

I'm fishing for laffs and this provides me plenty.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: ElectricMucus on May 25, 2014, 12:24:08 PM

crossquote from the wall thread:

Quote from: Walsoraj on May 25, 2014, 10:37:18 AM

http://willyreport.wordpress.com/

Quote

So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.

lol

Not sure you will get the FUD you expect this weekend matey.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

crossquote from the wall thread:

Quote from: Walsoraj on May 25, 2014, 10:37:18 AM

http://willyreport.wordpress.com/

Quote

So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.

lol

xDan

hero member

Activity: 688

Merit: 500

ヽ( ㅇㅅㅇ)ﾉ ~!!

Quote from: painlord2k on May 25, 2014, 06:37:46 AM

And we are at the end of May. At this pace, it could be 1 billion $ before the end of the year.

pfffft. It will be at least a $trillion.

Per satoshi.

amitrwt

full member

Activity: 140

Merit: 100

Quote from: Richard Branson on May 25, 2014, 11:16:17 AM

Better sell now. Just told you so...

Sorry Sir, not gonna sell..! !!

will I regret it if btc falls ? No its just calculated risk from my side, Hope it pays off

Bitcopia

hero member

Activity: 715

Merit: 500

Quote from: Richard Branson on May 25, 2014, 11:19:14 AM

I think 165% profit within 6 weeks is very good!

Didn't you all buy back/in at 340-400$?

No.. very few people were lucky enough to get coins during that flash crash. But there are plenty of super inflated egos around here to tell everybody that they did buy back sub- $400.

Truth is, the smart ones with a higher risk tolerance bought when price was flattening around $440 for a few days. They smart ones who are a little more risk averse (myself included) bought around $520, after the downtrend was broken with somewhat strong conviction. The super risk averse won't buy until there are regulated U.S. exchanges in place. When this happens you can bet on another huge increase in price, and this will happen some day.

El Cabron

vip

Activity: 840

Merit: 1000

Quote from: cypherdoc on May 25, 2014, 06:44:45 AM

Don't try to explain it or fight it.

Just go with it.

Sounds like something a rapist would say Tongue

Richard Branson

hero member

Activity: 515

Merit: 506

Screw It, Let's Do It

I think 165% profit within 6 weeks is very good!

Didn't you all buy back/in at 340-400$?

GoofyUK

newbie

Activity: 28

Merit: 0

Quote from: Richard Branson on May 25, 2014, 11:16:17 AM

Better sell now. Just told you so...

thx rich!

Richard Branson

hero member

Activity: 515

Merit: 506

Screw It, Let's Do It

Better sell now. Just told you so...

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: MatTheCat on May 25, 2014, 05:41:11 AM

Quote from: m3 on May 25, 2014, 05:32:20 AM

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Blah Blah Blah fucking Blah.........(cos fundamentals change every 5 minutes).

Bitcoin is rising due to the same old blend of sentiment swing and whale tinkering and playing with the market.

Cry us another river why don't you, fkn clown.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

How about this?

http://willyreport.wordpress.com/

DustyRah

sr. member

Activity: 533

Merit: 251

Quote from: cypherdoc on May 25, 2014, 06:44:45 AM

Don't try to explain it or fight it.

Just go with it.

Ditto brotherman!

cypherdoc

legendary

Activity: 1764

Merit: 1002

Don't try to explain it or fight it.

Just go with it.

painlord2k

sr. member

Activity: 453

Merit: 254

Because all liquidity was, in the past months, absorbed by vendors keeping profits in bitcoins, new investors and savers and new users.
Mining, also, have reduced the pace of increase, so the new coins mined are like 10% less.
The miners stopping production were the marginally productives, so the miners more probable to sell all their coins to pay up power and HW.
The miners staying in production produce the same coins, but are able to keep a sizeable part.
So this reduced the supply of new bitcoin to the market.

Add the fact, China can ban Bitcoin so much times before the ban have no effect on the market:
1) Because they have sold all their coins
2) Because the ban is proved toothless

And huge quantities of VC money entering the market to fund development.
Up today, 400 M $ this year we know about, just from big VC. This without counting the investments of medium/small/tiny firms.
And we are at the end of May. At this pace, it could be 1 billion $ before the end of the year.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Wow, that article explained everything.

Rubble?

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: m3 on May 25, 2014, 05:32:20 AM

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Blah Blah Blah fucking Blah.........(cos fundamentals change every 5 minutes).

Bitcoin is rising due to the same old blend of sentiment swing and whale tinkering and playing with the market.

m3

sr. member

Activity: 460

Merit: 250

This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/

We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks?

Topic: This is why Bitcoin is rising so fast... - page 2. (Read 3972 times)