The bear trap is worse than I expected. Feel sorry for everyone selling right now
me too, but on the other hand, isn't it quite obvious this is a bear trap?
I mean, you have to be pretty stupid to sell right now.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27053. (Read 26709634 times)
June 25, 2014, 06:19:19 AM
me too, but on the other hand, isn't it quite obvious this is a bear trap?
I mean, you have to be pretty stupid to sell right now.
June 25, 2014, 06:16:39 AM
Does anyone actually think that Barry and co. are gonna let the unkowns (dumpers) walk off with these coins without a fight?
....If I were bidding, I would bid well above market, in order to help the cause by fostering optimism. Unless I was bidding with MY money, in which case I would think a bit more carefully about the idea.
This is an excellent point!
June 25, 2014, 06:12:40 AM
The bear trap is worse than I expected. Feel sorry for everyone selling right now
me too, but on the other hand, isn't it quite obvious this is a bear trap?
I mean, you have to be pretty stupid to sell right now.
June 25, 2014, 06:11:02 AM
Does anyone actually think that Barry and co. are gonna let the unkowns (dumpers) walk off with these coins without a fight?
SMBIT and PBP make some guaranteed money from entry, exit, and maintenance fees.They can make a lot more money by selling shares of their funds, by definition pegged to the current BTC price, and then buying the corresponding BTC from other sources (such as from big holders of old coins, or from miners on fixed contracts, or whatever) below market price. The difference goes all into their pockets.
So they will bid X USD/BTC for the coins only if they expect that the price will be higher than X in the future, when they will sell them to their clients, if they expeect hat they can attract clients then. But speculative traders reason the same way when they define the market price. So methinks that SMBIT and PBP will bid somewhat below market price.
If I were bidding, I would bid well above market, in order to help the cause by fostering optimism. Unless I was bidding with MY money, in which case I would think a bit more carefully about the idea.
June 25, 2014, 06:07:21 AM
here you go 1100 cheap BTC @ $570 why don't you buy ? what are you wiating for ? get the cheap coins now....
June 25, 2014, 06:05:57 AM
June 25, 2014, 06:05:01 AM
anyone else buying? I'm sure any buys here can be sold for 100 bucks higher very soon. Even if you don't want to be a hodler this makes sense. I am a buy and hodler tho.
June 25, 2014, 06:03:37 AM
Lol nice sell wall. All the proof you need that price is being manipulated lower ahead of the auction.
June 25, 2014, 06:03:22 AM
Dat wall..
June 25, 2014, 06:01:11 AM
The bear trap is worse than I expected. Feel sorry for everyone selling right now
may be you will be sorry for not selling too when the price hit $3xx, we are clearly going down, $3xx has some support but not so strong, we will hit $180 soon
June 25, 2014, 06:00:45 AM
June 25, 2014, 06:00:13 AM
So is this the auction effecting market , that hasn't took place yet..! how 30k btc decides what other 12M btc will value total BS.
That's Bitcoin traders for you. Total idiots. 8 days of coins and the market is in complete fear.
June 25, 2014, 05:57:03 AM
So is this the auction effecting market , that hasn't took place yet..! how 30k btc decides what other 12M btc will value total BS.
June 25, 2014, 05:56:36 AM
The bear trap is worse than I expected. Feel sorry for everyone selling right now
Why feel sorry for them? It's the same old bad news, panic sell, recovery cycle and you would expect most would perceive it by now.
June 25, 2014, 05:52:00 AM
The bear trap is worse than I expected. Feel sorry for everyone selling right now
June 25, 2014, 05:37:49 AM
what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.
11 million as Satoshi is in for the long haul.
Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.
depressing? is that the right word?
if you are not willing to pay the market price and dumping coins on the market to bid lower...well, then the current market price is not right.
let us see then how much are they willing to pay.
I say 500.
I say its the most stupid forecast and explanation I ever heard.
well, it is even more stupid to think that someone is dumping coins to depress the "reference" price.
What is stupid about dumping coins to depress the reference point? There is nothing stupid about that.
you can manipulate the "reference" price, but how do you manipulate sealed bids?
what happens if you win the auction with 400 $ bid, or if there is not enough interest to buy the coins at all?
By making the assumption that the sealed bids have a relationship with the market price.
why would they?
you assume that the bidders will take more in consideration the current market price then their particular interests.
June 25, 2014, 05:35:53 AM
Why do you assume that if anyone ever sells they must be a panicking sheep full of fear?
It takes one to know one?
Damn, you've got me! I'm such a panic seller!
June 25, 2014, 05:32:47 AM
why? even the "institutional investors" like and want cheap coins.
That's not the point. The important part is not what they are bought at, but what they might be sold at (if they are sold at all).
That list is composed of nothing but holders and dumpers. The institutional holders will do all they can to ensure that the coins don't fall into the wrong hands that would then turn around and dump them on the exchanges. I guarantee you you will see a bid war way past $400.
We can only hope that the institutional guys win.
June 25, 2014, 05:31:23 AM
what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.
11 million as Satoshi is in for the long haul.
Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.
depressing? is that the right word?
if you are not willing to pay the market price and dumping coins on the market to bid lower...well, then the current market price is not right.
let us see then how much are they willing to pay.
I say 500.
I say its the most stupid forecast and explanation I ever heard.
well, it is even more stupid to think that someone is dumping coins to depress the "reference" price.
What is stupid about dumping coins to depress the reference point? There is nothing stupid about that.
you can manipulate the "reference" price, but how do you manipulate sealed bids?
what happens if you win the auction with 400 $ bid, or if there is not enough interest to buy the coins at all?
By making the assumption that the sealed bids have a relationship with the market price.
June 25, 2014, 05:30:20 AM
what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.
11 million as Satoshi is in for the long haul.
Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.
depressing? is that the right word?
if you are not willing to pay the market price and dumping coins on the market to bid lower...well, then the current market price is not right.
let us see then how much are they willing to pay.
I say 500.
I say its the most stupid forecast and explanation I ever heard.
well, it is even more stupid to think that someone is dumping coins to depress the "reference" price.
What is stupid about dumping coins to depress the reference point? There is nothing stupid about that.
you can manipulate the "reference" price, but how do you manipulate sealed bids?
what happens if you win the auction with 400 $ bid, or if there is not enough interest to buy the coins at all?
There will be more than enough motivation on the part of institutional investors like Barry n co to keep the btc out of the hands of dumpers who want to crash the market.
why? even the "institutional investors" like and want cheap coins.
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