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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27111. (Read 26710856 times)

newbie
Activity: 59
Merit: 0
Should I sell BTC before US auction of btc begins or should I hold ?
If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

I bought BTC because concept of decentralization appealed to me. I am not in it for profit as I don't hold much BTC.

If it's not about the profit then hold. Support bitcoin's concept of decentralization.
legendary
Activity: 966
Merit: 1000
Should I sell BTC before US auction of btc begins or should I hold ?
If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

I bought BTC because concept of decentralization appealed to me. I am not in it for profit as I don't hold much BTC.
its good to participate in the market, helps liquidity and price discovery, every bitcoiner should have a trading account.

Yes, I should try. I have a trading account on kraken. I should try to trade with the money i earn from signature. Nothing to lose.
legendary
Activity: 896
Merit: 1001
Hardly ever (maybe not ever?) seen someone here proudly proclaim they ignored someone because he was being bullish all the time, or for being a bull troll.

Haha, kinda true.

I'm admittedly perma-bull, but I like keeping my finger on the community pulse, so I don't ignore people. There is more information in what is being posted than the words therin. That being said, the only person I really considered ignoring on here is a bull troll. It took all of my willpower not to, and every time I read his posts, the words echo in my head in a super annoying voice. My biggest fear is that I might sound like that to someone else on here.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Should I sell BTC before US auction of btc begins or should I hold ?
If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

I bought BTC because concept of decentralization appealed to me. I am not in it for profit as I don't hold much BTC.
its good to participate in the market, helps liquidity and price discovery, every bitcoiner should have a trading account.
sr. member
Activity: 1036
Merit: 275
Should I sell BTC before US auction of btc begins or should I hold ?
If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

I bought BTC because concept of decentralization appealed to me. I am not in it for profit as I don't hold much BTC.
legendary
Activity: 1078
Merit: 1441
The longer I persist in my negative view, the greater will be your fun when I will be finally proved wrong.  Wink


What would take to "finally prove you wrong"? Certain price level over time? Legal skeleton in one of major countries behind BTC? Large company accepting it (like Ebay etc.) ? Really, i'm wondering, what would it take?

 He already explained a hundred times (barely exaggerated at this point) what precisely it would take to conform w/ his definition of 'ok I'm sorry guys you were right in the end - I have to admit bitcoin is now finally successful' ~>

1] Widespread, government-sanctioned (or even promoted) adoption by the public in at least several countries.

2] ^ Due to actual, tangible, John-Q-Public-relevant benefits of using a blockchain-based currency that are OVER and beyond the economical, security, privacy, speed and convenience of use benefits afforded by traditional payment systems & infrastructure..

3] ^ To such an extent that above-referenced general mainstream public now has a NO-BRAINER choice in naturally & easily using a cryptocurrency as payment system.


Is it really that hard to see the writing on the wall though ? really ?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Should I sell BTC before US auction of btc begins or should I hold ?
i'd sell if it spikes up b4 the auction, and look to buy it back should there be a dip after the auction

but might be best to hold.
sr. member
Activity: 952
Merit: 281
Should I sell BTC before US auction of btc begins or should I hold ?
If in doubt hold.  And I am not just being an uber-bull here.  The general long-term direction of bitcoin is up. Holding is the default position to make money in such a market and you should only make buys and sells when you are confident enough to not ask forums.
full member
Activity: 175
Merit: 100
The longer I persist in my negative view, the greater will be your fun when I will be finally proved wrong.  Wink


What would take to "finally prove you wrong"? Certain price level over time? Legal skeleton in one of major countries behind BTC? Large company accepting it (like Ebay etc.) ? Really, i'm wondering, what would it take?

 He already explained a hundred times (barely exaggerated at this point) what precisely it would take to conform w/ his definition of 'ok I'm sorry guys you were right in the end - I have to admit bitcoin is now finally successful' ~>

1] Widespread, government-sanctioned (or even promoted) adoption by the public in at least several countries.

2] ^ Due to actual, tangible, John-Q-Public-relevant benefits of using a blockchain-based currency that are OVER and beyond the economical, security, privacy, speed and convenience of use benefits afforded by traditional payment systems & infrastructure..

3] ^ To such an extent that above-referenced general mainstream public now has a NO-BRAINER choice in naturally & easily using a cryptocurrency as payment system.
N12
donator
Activity: 1610
Merit: 1010
Should I sell BTC before US auction of btc begins or should I hold ?
If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.
legendary
Activity: 1764
Merit: 1031
Should I sell BTC before US auction of btc begins or should I hold ?

Absolutely.
sr. member
Activity: 1036
Merit: 275
Should I sell BTC before US auction of btc begins or should I hold ?
N12
donator
Activity: 1610
Merit: 1010
I'm almost sure you are referring in part to me, tarmi, but I not even bearish as yet. Do you understand that one can have a neutral position, or even an invested position and still be aware of some contrary evidence in preparation for the future? This would then be mounting cognitive dissonance, and if it gets too much, one should change his position.

Can anyone explain to me where on earth SecondMarket expects bidders to turn up from, and why on earth people are expecting a premium? In over 1.5 months now, they have managed only to acquire interest for barely 1k BTC for their fund. It has come to a near standstill. See: https://bitcointalksearch.org/topic/gbtc-bitcoin-investment-trust-observer-337486

SecondMarket need to do some more shilling to gather interest. Unfortunately, the "Wall Street is coming ANYTIME now! BUY MY FUND GUISE!" is getting old.

Yeah, I agree it does not look very tempting. Maybe they want some free publicity? In case none of their bidders would win, it can actually cost them wire fees for deposit - although for these amounts of money fees are probably totally negligible.
I think free publicity makes lots of sense, since the media are reporting it. Even if they get no bidders or low bidders, they will have gotten some press.

What I also do not understand is, what exactly is the service they are providing to skim off 5%? Someone who can afford a 3k BTC block likely has 200k USD liquid. Maybe interesting for people outside of the US?
full member
Activity: 140
Merit: 100
...and when I trashed Bears users seemed to agree, in fact, they even helped me, but when I started questioning the whole going up thing they turned against me and started trashing me...

Yes, i can remeber the time where you trashed bears, even reasonable, whispering bears and not only screaming perma-troll-bears. Now you wonder that the crowd turned against you (or more - you against the crowd)? Not, really, no? ;-)

It is not what they want to hear or think about. Rockets, trains and tits will make you popular, not pessimism.
legendary
Activity: 1470
Merit: 1007
I tried to find out what the usual practice is of a USMS Asset Forfeiture auction. Did I understand it correctly that they usually don't publish the result of the auction, i.e. who submitted the winning bids, or the total sum received in the auction?

Anyone?

Can we expect to learn about the height of the winning bids from the USMS itself? Or do we have to hope the winning bidder will say how much he paid?
full member
Activity: 336
Merit: 100
Can anyone explain to me where on earth SecondMarket expects bidders to turn up from, and why on earth people are expecting a premium? In over 1.5 months now, they have managed only to acquire interest for barely 1k BTC for their fund. It has come to a near standstill. See: https://bitcointalksearch.org/topic/gbtc-bitcoin-investment-trust-observer-337486

SecondMarket need to do some more shilling to gather interest. Unfortunately, the "Wall Street is coming ANYTIME now! BUY MY FUND GUISE!" is getting old.

Yeah, I agree it does not look very tempting. Maybe they want some free publicity? In case none of their bidders would win, it can actually cost them wire fees for deposit - although for these amounts of money fees are probably totally negligible.

legendary
Activity: 1232
Merit: 1011
bears are gathering.

bear trap closing soon I guess.
legendary
Activity: 1246
Merit: 1000
Hardly ever (maybe not ever?) seen someone here proudly proclaim they ignored someone because he was being bullish all the time, or for being a bull troll.

I've been close to ignoring adamstgBit for being one of the few annoying bull trolls. Tongue Nah not really but he can be annoying sometimes. Most annoying bull trolls don't stay long or don't post very often, it's the bear trolls like fonzie and Waroslaj who post all over the place and then it does tend to get annoying sometimes. But posters like Tera and Jorgi I don't consider trolls, I would never ignore them because I do respect them even though our opinions may clash sometimes (or quite often in the case of Jorgi). Others might find their posts annoying though and it's their right to ignore them.

Quote
People are free to do so, but they should realize that in the long run, they will only hurt themselves because exposure to contrary positions are important for one's emotional, intellectual and financial health.

Very much agreed, +1. Smiley
full member
Activity: 336
Merit: 100
Secondmarket syndicate wants to charge a 5% fee if your bid is successful lol. $50,000 minimum bid.

This is their business model: inventing all kind of fees Wink. They already have entry fee, exit fee, 2% per year safekeeping fee - and now 5% bidding fee Cheesy

Its called fund management - and you missed off the performance fee where they keep a % of your upside.

Lol on missed fee. Yeah, I know it is how all money managers operate. So no wonder they are trying to milk this auction for possible fees, too Smiley
legendary
Activity: 1260
Merit: 1029
The longer I persist in my negative view, the greater will be your fun when I will be finally proved wrong.  Wink


What would take to "finally prove you wrong"? Certain price level over time? Legal skeleton in one of major countries behind BTC? Large company accepting it (like Ebay etc.) ? Really, i'm wondering, what would it take?
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