Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25379.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: EvilPanda on October 04, 2014, 10:34:55 AM

Quote from: DeadCoin on October 04, 2014, 10:24:26 AM

Quote from: EvilPanda on October 04, 2014, 10:19:30 AM

Quote from: aclass on October 04, 2014, 10:16:57 AM

On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.

They aren't leaving, just selling now to buy more later. Most people want to have as much BTC as possible and the way to do it is to buy as cheap sa possible.
Most of the people who sold below $400 will eventually buy back.

Wrong. Most people want to have as much fiat as possible. They see bitcoin only as a tool to produce fiat, if it fail to do so, they'll simply leave it and forget it.

What is a better investment than bitcoin? Even with the recent drop it's still worth over 3 times more than a year ago.
That's why people who sold will buy back, the only question is when.

not if they use their profits to buy stuff.

in that case they don't have the money to buy.

is this really a problem tho?

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: DeadCoin on October 04, 2014, 10:24:26 AM

Quote from: EvilPanda on October 04, 2014, 10:19:30 AM

Quote from: aclass on October 04, 2014, 10:16:57 AM

On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.

They aren't leaving, just selling now to buy more later. Most people want to have as much BTC as possible and the way to do it is to buy as cheap sa possible.
Most of the people who sold below $400 will eventually buy back.

Wrong. Most people want to have as much fiat as possible. They see bitcoin only as a tool to produce fiat, if it fail to do so, they'll simply leave it and forget it.

What is a better investment than bitcoin? Even with the recent drop it's still worth over 3 times more than a year ago.
That's why people who sold will buy back, the only question is when.

Quote from: aclass on October 04, 2014, 10:29:48 AM

Wrong. There is really lots and lots of money to be made in crypto. One will only fail if one is not big enough to play or skilled enough to win.

That's right!

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: macsga on October 04, 2014, 07:23:17 AM

The thing is it's NOT old coins. None of the old chaps is selling right now.

Just because the coins moved recently, it does not mean that they were bought recently.

Some owners of old cheap coins must have moved them to an exchange at some point, but withdrew them when MtGOX started failing, and people realized that exchanges were not safe places to keep your one's hoard.

Other old owners may have moved their coins to new addresses for safety or other reasons.

If someone pays a small amount out of a large input, and sends the change-back to a different address, the age of those the change-back coins will be reset for the purposes of the change-back formula, correct? What if the change-back is sent to the same address?

Finally, it seems that there is a lot of "fake" volume on the blockchain (coins moving between addresses belonging to the same person), perhaps from tumbling or hotwallet/coldwallet flow. For that reason, if someone sells a thousand 2011 coins, thus destroying a million bitcoin-days, he will barely make a blip on the chart (which oscillates between 2 million and 15 million BTC-days destroyed per day). If old owners have been selling a couple thousand old coins every day, we would not see it there.

aclass

sr. member

Activity: 381

Merit: 251

Wrong. There is really lots and lots of money to be made in crypto. One will only fail if one is not big enough to play or skilled enough to win.

Quote from: DeadCoin on October 04, 2014, 10:24:26 AM

Quote from: EvilPanda on October 04, 2014, 10:19:30 AM

Quote from: aclass on October 04, 2014, 10:16:57 AM

On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.

They aren't leaving, just selling now to buy more later. Most people want to have as much BTC as possible and the way to do it is to buy as cheap sa possible.
Most of the people who sold below $400 will eventually buy back.

Wrong. Most people want to have as much fiat as possible. They see bitcoin only as a tool to produce fiat, if it fail to do so, they'll simply leave it and forget it.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: EvilPanda on October 04, 2014, 10:19:30 AM

Quote from: aclass on October 04, 2014, 10:16:57 AM

On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.

They aren't leaving, just selling now to buy more later. Most people want to have as much BTC as possible and the way to do it is to buy as cheap sa possible.
Most of the people who sold below $400 will eventually buy back.

>just selling now to buy more later
>Most people want to have as much BTC as possible
>Most of the people who sold below $400 will eventually buy back

Bitcoin-Club

newbie

Activity: 9

Merit: 0

looks like we have hit the bottom: http://bitcoin-club.com/bitcoin-bot/bitcoin-trading-bot-regression/

DeadCoin

sr. member

Activity: 1246

Merit: 261

★ Investor | Trader | Promoter

Quote from: EvilPanda on October 04, 2014, 10:19:30 AM

Quote from: aclass on October 04, 2014, 10:16:57 AM

On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.

They aren't leaving, just selling now to buy more later. Most people want to have as much BTC as possible and the way to do it is to buy as cheap sa possible.
Most of the people who sold below $400 will eventually buy back.

Wrong. Most people want to have as much fiat as possible. They see bitcoin only as a tool to produce fiat, if it fail to do so, they'll simply leave it and forget it.

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

let us come to a conclusion: the market is manipulated in this way that early adopters are still cash out there early coins to minimize there losses.

i mean "losses" in context of the last ATH.

and the turning point was GHASH's 51% percent attack which never happened.

https://bitcointalksearch.org/topic/i-am-selling-half-of-my-bitcoin-holdings-because-of-ghash-654799

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: N12 on October 04, 2014, 10:18:34 AM

Quote from: MoreFun on October 04, 2014, 10:14:43 AM

Guys here say that silver market is manipulated https://www.youtube.com/watch?v=1e65UQLRkrw

And manipulating BTC market is childishly easy if you had $5M or even less a year ago and some relatively good connections.

Yeah, I know the nutters. I've been around here for a while, so I've seen it all (and even used to believe some of it). Even if it was manipulated, this is not information to you, it is disinformation. You will try and act counter the manipulator, but that will lose you money. Today's price is a product of manipulation, so is tomorrow's, in a month, in a year, ... If reality is manipulated, then the manipulation makes reality. One has to deal with it. Why not buy some assets that are manipulated upwards?

Its very profitable to manipulate upwards the product that could potentially be huge and their assets are scarce. You just pump the market ahead of time when noone expects - of course you need to have some momentum for that. Someone probably figured it out. You can not P&D shit multiple times on big level.

ssmc2

legendary

Activity: 2002

Merit: 1040

https://www.cryptocoinsnews.com/bitcoin-price-drop-really-good-news/

jaberwock

legendary

Activity: 2772

Merit: 1127

no stop from now until the pre-december level.

Unless a miracle happens.

But it wont.

So see you in the 100's

InvestorPerson

sr. member

Activity: 316

Merit: 250

Quote from: aclass on October 04, 2014, 10:16:57 AM

On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.

better opportunities elsewhere maybe?

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: aclass on October 04, 2014, 10:12:51 AM

Yes, there is no manipulation of the market. The nature of the crypto markets is this. You got enough cash, then you can do with the market whatever you have skills for.
Otherwise who would put a 94 BTC buy order at 329.23 and top it up with a 100 BTC sell order at 331.9. It's just the way this market works.

Sooner or later there will be a bottom or at least a stable level. The coins are not endless in numbers so at a certain point all sellers would sell their coins or the price will hit the "I'm back in at" level. We just have to wait and see.

And here is a conspiracy theory for all who believe in such things... All moves for the last couple of years were manipulated and now is the time for the ultra mega whale to cash out. They bought at $5 (when I was selling my first BTC) all the way up to $1200, but as the play the average $ price game, they can sell all the way to $5 and still be happy. Yeah right

Yea and someone after $470 was broken immediately set few 1000ks asks in the orderbooks at that price and leave it there just for the reason that maybe trade will be triggered. Yes, of course.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: aclass on October 04, 2014, 10:16:57 AM

On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.

They aren't leaving, just selling now to buy more later. Most people want to have as much BTC as possible and the way to do it is to buy as cheap sa possible.
Most of the people who sold below $400 will eventually buy back.

samson

legendary

Activity: 2097

Merit: 1070

$100 here we come !

N12

donator

Activity: 1610

Merit: 1010

Quote from: MoreFun on October 04, 2014, 10:14:43 AM

Guys here say that silver market is manipulated https://www.youtube.com/watch?v=1e65UQLRkrw

And manipulating BTC market is childishly easy if you had $5M or even less a year ago and some relatively good connections.

Yeah, I know the nutters. I've been around here for a while, so I've seen it all (and even used to believe some of it). Even if it was manipulated, this is not information to you, it is disinformation. You will try and act counter the manipulator, but that will lose you money. Today's price is a product of manipulation, so is tomorrow's, in a month, in a year, ... If reality is manipulated, then the manipulation makes reality. One has to deal with it. Why not buy some assets that are manipulated upwards?

magicmexican

hero member

Activity: 812

Merit: 1000

Seems like China does not want to go below 2100 yet

aclass

sr. member

Activity: 381

Merit: 251

On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: hmmmstrange on October 03, 2014, 05:21:15 PM

Quote from: 600watt on October 03, 2014, 04:53:31 PM

Quote from: hmmmstrange on October 03, 2014, 04:46:50 PM

Where is the BTC.1k party going to be?

the party is canceled. no joke.

Guess i should have made the "." in BTC.1k more obvious. Maybe BTC .1k would have been more clear.

0.1k

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: ohmygod1 on October 04, 2014, 09:53:23 AM

I've been following this sub forum without registering 2 years and I finally had to register just to say that if not trolling, this "ShroomsKit" kid is freaking unbelievably retarded.

Over and out.

Roger that. Received, loud and clear. Over.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25379. (Read 26610682 times)