Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 22705. (Read 26709924 times)

Quote from: calme on March 01, 2015, 03:53:49 AM

There are so many scenarios where entirely more than $10 million enters the market overnight.

While nothing is a certainty in this world, I'd say the odds of someone dumping 10 million onto an exchange and slamming market buy with every last dime of it are slim to none. If someone had $10 million they wanted to put into bitcoin, they would probably be bidding in the upcoming auction, or buying off-exchange.

...and when they lose the auction, that is exactly what they will do. Maybe not a market order. But certainly a lot of buying pressure after the auction. There will be days in the near future where $10 million per day will be a drop in the bucket. Feel free to save this post and recirculate in the coming months.

One, thinking like yours is what makes people panic buy at the top of rallies. Two, you originally said "$10 million enters the market overnight," not "a lot of buying pressure after the auction."

We need to be shooting for 100% of m2 then. Fuck those other currencies.

Yeah good luck with that.

1. I am not advocating buying at the top of the rally, I am advocating buying right now. When it goes past $500, you are probably too late considering fiat deposit times.
2. $10 million is nothing to hedge funds, retirement funds, etc. There will be be buying pressure right after the auction and long after.
3. People are going to be sick that they missed out on buying bitcoin at these prices. My advice is to buy what you can afford or forever regret. You are lucky to even know what Bitcoin is at this point in its evolution.

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Quote from: calme on March 01, 2015, 03:53:49 AM

We need to be shooting for 100% of m2 then. Fuck those other currencies.

no need to rush, we will get there... greece problem already show that bitcoin could be useful and even they seriously considering crypto atm.

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Quote from: rolling on March 01, 2015, 03:43:37 AM

Quote from: calme on March 01, 2015, 03:53:49 AM

There are so many scenarios where entirely more than $10 million enters the market overnight.

While nothing is a certainty in this world, I'd say the odds of someone dumping 10 million onto an exchange and slamming market buy with every last dime of it are slim to none. If someone had $10 million they wanted to put into bitcoin, they would probably be bidding in the upcoming auction, or buying off-exchange.

...and when they lose the auction, that is exactly what they will do. Maybe not a market order. But certainly a lot of buying pressure after the auction. There will be days in the near future where $10 million per day will be a drop in the bucket. Feel free to save this post and recirculate in the coming months.

One, thinking like yours is what makes people panic buy at the top of rallies. Two, you originally said "$10 million enters the market overnight," not "a lot of buying pressure after the auction."

We need to be shooting for 100% of m2 then. Fuck those other currencies.

Yeah good luck with that.

calme

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We need to be shooting for 100% of m2 then. Fuck those other currencies.

noobtrader

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Quote from: rolling on March 01, 2015, 03:43:37 AM

There are so many scenarios where entirely more than $10 million enters the market overnight.

While nothing is a certainty in this world, I'd say the odds of someone dumping 10 million onto an exchange and slamming market buy with every last dime of it are slim to none. If someone had $10 million they wanted to put into bitcoin, they would probably be bidding in the upcoming auction, or buying off-exchange.

...and when they lose the auction, that is exactly what they will do. Maybe not a market order. But certainly a lot of buying pressure after the auction. There will be days in the near future where $10 million per day will be a drop in the bucket. Feel free to save this post and recirculate in the coming months.

rolling

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There are so many scenarios where entirely more than $10 million enters the market overnight.

While nothing is a certainty in this world, I'd say the odds of someone dumping 10 million onto an exchange and slamming market buy with every last dime of it are slim to none. If someone had $10 million they wanted to put into bitcoin, they would probably be bidding in the upcoming auction, or buying off-exchange.

...and when they lose the auction, that is exactly what they will do. Maybe not a market order. But certainly a lot of buying pressure after the auction. There will be days in the near future where $10 million per day will be a drop in the bucket. Feel free to save this post and recirculate in the coming months.

octaft

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There are so many scenarios where entirely more than $10 million enters the market overnight.

While nothing is a certainty in this world, I'd say the odds of someone dumping 10 million onto an exchange and slamming market buy with every last dime of it are slim to none. If someone had $10 million they wanted to put into bitcoin, they would probably be bidding in the upcoming auction, or buying off-exchange.

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!!! RiSe aBovE ThE StoRm !!!

Quote from: gkv9 on March 01, 2015, 03:26:33 AM

There are only a measly 30k-40k coins right now on the open market worth only $10 million at the current price. There are so many scenarios where entirely more than $10 million enters the market overnight. What happens to all the poor fools who wake up in the morning with their sell orders filled at $275 or even $500 and the current price at $1500?

I still ain't getting whether you are talking about some exchange where the max ask is $1500, as I don't see that price currently... Wink

rolling

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Quote from: fast2fix on March 01, 2015, 03:25:19 AM

Quote from: fast2fix on March 01, 2015, 03:16:20 AM

Quote from: fast2fix on March 01, 2015, 03:25:19 AM

March will be > $1000.

any particular reason why bitcoin will shoot that high again?

It is already that high. It has been "shooting" low for a long time. It will go back to it's real price in March. There will be a correction back to $1000 once the manipulators are no longer able to force the price lower.

i would love to see the $1000 again, but with no reason i don't think so i'll rise again unless there's a pump lol

Lol, you guys are seriously talking like bulls and bears themselves and fighting to win the fight going on in the markets... Tongue

There are only a measly 30k-40k coins right now on the open market worth only $10 million at the current price. There are so many scenarios where entirely more than $10 million enters the market overnight. What happens to all the poor fools who wake up in the morning with their sell orders filled at $275 or even $500 and the current price at $1500?

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Quote from: fast2fix on March 01, 2015, 03:16:20 AM

March will be > $1000.

any particular reason why bitcoin will shoot that high again?

It is already that high. It has been "shooting" low for a long time. It will go back to it's real price in March. There will be a correction back to $1000 once the manipulators are no longer able to force the price lower.

i would love to see the $1000 again, but with no reason i don't think so i'll rise again unless there's a pump lol

Lol, you guys are seriously talking like bulls and bears themselves and fighting to win the fight going on in the markets... Tongue

spooderman

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lol ^

fast2fix

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Quote from: fast2fix on March 01, 2015, 03:16:20 AM

March will be > $1000.

any particular reason why bitcoin will shoot that high again?

It is already that high. It has been "shooting" low for a long time. It will go back to it's real price in March. There will be a correction back to $1000 once the manipulators are no longer able to force the price lower.

i would love to see the $1000 again, but with no reason i don't think so i'll rise again unless there's a pump lol

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Quote from: fast2fix on March 01, 2015, 03:16:20 AM

Quote from: fast2fix on March 01, 2015, 03:16:20 AM

March will be > $1000.

any particular reason why bitcoin will shoot that high again?

It is already that high. It has been "shooting" low for a long time. It will go back to it's real price in March. There will be a correction back to $1000 once the manipulators are no longer able to force the price lower.

https://www.youtube.com/watch?v=I6D6HKQ4i5Y

rolling

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