Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25394.

BitAddict

legendary

Activity: 1190

Merit: 1001

Quote from: mrkavasaki on October 03, 2014, 07:11:40 PM

Quote from: fonzie on October 03, 2014, 07:10:11 PM

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

why would bitcoin goes to 0$???

That is not the question. The question is if bitcoin goes to $0 why would anyone switch to another similar coin?

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: BitChick on October 03, 2014, 07:06:39 PM

Quote from: gnode on October 03, 2014, 06:30:48 PM

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question, would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day? Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.

mrkavasaki

hero member

Activity: 888

Merit: 500

Quote from: fonzie on October 03, 2014, 07:10:11 PM

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

why would bitcoin goes to 0$???

gnode

sr. member

Activity: 492

Merit: 250

Quote from: BitChick on October 03, 2014, 07:06:39 PM

Quote from: gnode on October 03, 2014, 06:30:48 PM

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question, would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day? Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.

Unknown.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: gnode on October 03, 2014, 06:30:48 PM

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question, would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day? Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.

esse83

hero member

Activity: 545

Merit: 500

The bounce is imminent! Cool

Time to buy like there is no tomorrow! Then for gods sake dump before it's too late Shocked

Remember that this is a zombie investment, its still walking around but it is in fact dead.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: dakota neat on October 03, 2014, 06:59:44 PM

If bitcoin survises that fucking 2014 I'm happy enough.

we can only hope.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: mrkavasaki on October 03, 2014, 06:55:33 PM

bitcoin ruined my fucking live Embarrassed

i'd tell you "its only money, you can always make more, life goes on..."

but i know that wont help...

inca

legendary

Activity: 1176

Merit: 1000

It's a case of how low do we go. Volume seems to have picked up a bit. Shorts are near ATH. Despair is total.

I will continue to buy bears

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: gnode on October 03, 2014, 06:58:59 PM

Quote from: BitChick on October 03, 2014, 06:52:36 PM

Quote from: gnode on October 03, 2014, 06:30:48 PM

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

I thought that September 30th was fiscal year end. Is there a three day grace period?

fiscal years end on a Friday so Oct. 3.

Wow! That is really insightful. We shall see soon if this was the cause of today's dump.

dakota neat

hero member

Activity: 658

Merit: 500

If bitcoin survises that fucking 2014 I'm happy enough.

gnode

sr. member

Activity: 492

Merit: 250

Quote from: BitChick on October 03, 2014, 06:52:36 PM

Quote from: gnode on October 03, 2014, 06:30:48 PM

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

I thought that September 30th was fiscal year end. Is there a three day grace period?

fiscal years end on a Friday so Oct. 3.

mrkavasaki

hero member

Activity: 888

Merit: 500

bitcoin ruined my fucking live Embarrassed

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: adamstgBit on October 03, 2014, 06:53:37 PM

Quote from: BitChick on October 03, 2014, 06:52:36 PM

Quote from: gnode on October 03, 2014, 06:30:48 PM

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

I thought that September 30th was fiscal year end. Is there a three day grace period?

isn't more like 3 month "grace period" ?

Nooooooooo! 3 more months! Shocked

Selling. . . .

edit: Just kidding of course. But if the whale sees that such a long term uberbull hodler is selling I might convince him the bottom is in. Wink

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: BitChick on October 03, 2014, 06:52:36 PM

Quote from: gnode on October 03, 2014, 06:30:48 PM

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

I thought that September 30th was fiscal year end. Is there a three day grace period?

isn't more like 3 month "grace period" ?

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: gnode on October 03, 2014, 06:30:48 PM

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

I thought that September 30th was fiscal year end. Is there a three day grace period?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

anyone else having blast buying? Cheesy

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: robinwilliams on October 03, 2014, 06:15:04 PM

$341 ... damn.

That is NOT a stamp price because the lowest stamp price today, so far has been $353.75.

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