True market reaction defined | Bitcointalksearch.org

Brewins

legendary

Activity: 1120

Merit: 1000

Quote from: okthen on January 24, 2015, 09:01:30 PM

I don't think you can call coins in exchanges a minor portion, and they affect the price people buy and sell them even off trading platforms.

in fact there is no way to know, since bitcoin mining is not world wide regulated.

But I'm sure big miners don't sell their coins on exchange, when there are people that pay a premium for them

okthen

hero member

Activity: 490

Merit: 500

I don't think you can call coins in exchanges a minor portion, and they affect the price people buy and sell them even off trading platforms.

caga

full member

Activity: 238

Merit: 100

www.secondstrade.com - 190% return Binary option

Quote from: GÜNther.Danish on January 21, 2015, 01:29:53 AM

No trading No harm

How will people buy bitcoins then ?

freebit13

hero member

Activity: 616

Merit: 500

I got Satoshi's avatar!

Quote from: mlferro on January 23, 2015, 08:38:15 PM

as well, I did not understand. How can buying BTC off-exchange?

Localbitcoins.com... it's peer-to-peer.

jaberwock

legendary

Activity: 2660

Merit: 1074

Quote from: mlferro on January 23, 2015, 08:38:15 PM

Quote from: NotLambchop on January 21, 2015, 09:31:05 AM

Quote from: ivyleague1985 on January 20, 2015, 07:58:29 PM

... coins on the exchange are just a minor portion of the entire pie ...

Let me guess--you're buying BTC off-exchange at double the price? To be that clever Roll Eyes

as well, I did not understand. How can buying BTC off-exchange?

by not using exchange to buy?

Like person to person, like you buy stuff in store?

mlferro

sr. member

Activity: 252

Merit: 250

Quote from: NotLambchop on January 21, 2015, 09:31:05 AM

Quote from: ivyleague1985 on January 20, 2015, 07:58:29 PM

... coins on the exchange are just a minor portion of the entire pie ...

Let me guess--you're buying BTC off-exchange at double the price? To be that clever Roll Eyes

as well, I did not understand. How can buying BTC off-exchange?

freebit13

hero member

Activity: 616

Merit: 500

I got Satoshi's avatar!

Quote from: ivyleague1985 on January 20, 2015, 07:58:29 PM

When we are talking about market reaction, we are narrowly minded to consider coins on the exchanges only.

Actually, coins on the exchange are just a minor portion of the entire pie and it suffers from severe manipulation.

To me, the true market reaction is that "if the large amount of coins off the exchanges are being sold by early adopters or not".

So far the answer is NO. And that is the most important market reaction we should keep in mind.

I'm not sure how exactly how you would measure that, but there was quite a spike in bitcoin days destroyed over Dec/Jan, which could have been "early adopter coins" being sold off or moved on to exchanges or something like that... just a thought.

https://blockchain.info/charts/bitcoin-days-destroyed

kwukduck

legendary

Activity: 1937

Merit: 1001

Quote from: deine mudder on January 20, 2015, 11:42:34 PM

Once they dump their bags on the exchanges and abandon Bitcoin for something better ... the small people are left holding the bag.

Best idea ever, use your money to invest in the next best scam coin or pump'n'dump.

But they aren't all like that, you say... Well good luck with that then, you should remember the thing with the bag for future reference to yourself though...

BrewCrewFan

hero member

Activity: 672

Merit: 501

Quote from: B.A.S. on January 21, 2015, 09:26:08 AM

Quote from: phillipsjk on January 21, 2015, 03:49:21 AM

Quote from: deine mudder on January 20, 2015, 11:42:34 PM

Once they dump their bags on the exchanges and abandon Bitcoin for something better ... the small people are left holding the bag.

I am starting to see a lot of people going on about "bag holders" on the forum. As if they are all reading from the same script.

My theory: most bought last December-January, and are upset Bitcoin lost over 70% of its' value.

I still think it will go over $10,000 per coin. No idea if it will be anytime soon though.

^This

What we have on this forum is a bunch of butthurt 20-somethings who "invested" some cash (or credit) just after the ATH in 2013 was reached looking to get rich. The price will climb once more, I'm just not sure everyone "invested" has the luxury of waiting.

Thats 99% of the problem people wanting to get rich quick. Of course it did not help when the idiot media jumped on and pumped it up. It got people who dont have the know how let alone sense to understand BTC.

I think those of us who were in BTC back before the last bubble came, understand what can happen. I think most of us just shrug it off as "whateva" and go along and keep grabbing BTC ... more so now at these prices.

Not worried one bit.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: ivyleague1985 on January 20, 2015, 07:58:29 PM

... coins on the exchange are just a minor portion of the entire pie ...

Let me guess--you're buying BTC off-exchange at double the price? To be that clever Roll Eyes

B.A.S.

full member

Activity: 420

Merit: 117

Quote from: phillipsjk on January 21, 2015, 03:49:21 AM

Quote from: deine mudder on January 20, 2015, 11:42:34 PM

Once they dump their bags on the exchanges and abandon Bitcoin for something better ... the small people are left holding the bag.

I am starting to see a lot of people going on about "bag holders" on the forum. As if they are all reading from the same script.

My theory: most bought last December-January, and are upset Bitcoin lost over 70% of its' value.

I still think it will go over $10,000 per coin. No idea if it will be anytime soon though.

^This

What we have on this forum is a bunch of butthurt 20-somethings who "invested" some cash (or credit) just after the ATH in 2013 was reached looking to get rich. The price will climb once more, I'm just not sure everyone "invested" has the luxury of waiting.

Q7

sr. member

Activity: 448

Merit: 250

Quote from: ivyleague1985 on January 20, 2015, 07:58:29 PM

When we are talking about market reaction, we are narrowly minded to consider coins on the exchanges only.

Actually, coins on the exchange are just a minor portion of the entire pie and it suffers from severe manipulation.

To me, the true market reaction is that "if the large amount of coins off the exchanges are being sold by early adopters or not".

So far the answer is NO. And that is the most important market reaction we should keep in mind.

And that is a good observation pointed out. I would like to believe that there is no panic selling taking place and the early adopters are definitely holding on to their coins. The drop is supposedly caused by those who held on to small amounts of bitcoins, most probably by miners dumping their stash where the sellers are trying to undercut each others' price and brought it lower.

phillipsjk

legendary

Activity: 1008

Merit: 1001

Let the chips fall where they may.

Quote from: deine mudder on January 20, 2015, 11:42:34 PM

Once they dump their bags on the exchanges and abandon Bitcoin for something better ... the small people are left holding the bag.

I am starting to see a lot of people going on about "bag holders" on the forum. As if they are all reading from the same script.

My theory: most bought last December-January, and are upset Bitcoin lost over 70% of its' value.

I still think it will go over $10,000 per coin. No idea if it will be anytime soon though.

GÜNther.Danish

full member

Activity: 122

Merit: 100

No trading No harm

deine mudder

newbie

Activity: 56

Merit: 0

Quote from: ivyleague1985 on January 20, 2015, 07:58:29 PM

When we are talking about market reaction, we are narrowly minded to consider coins on the exchanges only.

Actually, coins on the exchange are just a minor portion of the entire pie and it suffers from severe manipulation.

To me, the true market reaction is that "if the large amount of coins off the exchanges are being sold by early adopters or not".

So far the answer is NO. And that is the most important market reaction we should keep in mind.

Once they dump their bags on the exchanges and abandon Bitcoin for something better ... the small people are left holding the bag.

ivyleague1985

newbie

Activity: 56

Merit: 0

When we are talking about market reaction, we are narrowly minded to consider coins on the exchanges only.

Actually, coins on the exchange are just a minor portion of the entire pie and it suffers from severe manipulation.

To me, the true market reaction is that "if the large amount of coins off the exchanges are being sold by early adopters or not".

So far the answer is NO. And that is the most important market reaction we should keep in mind.

Topic: True market reaction defined (Read 1531 times)