Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27117. (Read 26710999 times)

MatTheCat is not a troll.  Probably raised by trolls, perhaps under a bridge.  Possibly married to a troll. Definitely shops on troll high street. Speaks with a troll accent. But still, not a troll.  

Did anyone suggest this?  Price is affected by the whole public aspect of an auction taking place and the news developments around that auction - even if the number of coins is NOT really that large in the whole scheme of things, there is a certain amount of public spectacle and waiting to see what everyone else does.... NO one wants to do anything until someone else does something.




A momentum could be created, yet with market prices, NONE of this seems to be certain... There may be inclinations in one direction or another; however, manipulation and/or news could cause inclination and momentum in another direction which feeds upon itself.. up until a point.

I doubt that anyone could give you a very clear answer, even though manipulators have better ability to control price directions, they are also limited by the actions or inactions of other manipulators and the momentum also that may snowball amongst the masses.

I think $500 wont hold long term, this is a legit analyze   

Woke up with more BTC. Feeling damn nice.
Good morning!

Time to defend the 580s

6 more months to a year of these $350 to $650 prices may weed out quite a few more average joes (in your parlance) or average Johnnys.   

Yes, well done Mat, you clever sausage. Have some more condescension.

Explanation

in the negative way? Perhaps the price of sale will give us a bit of a demand indicator.

OK.. that makes sense...  Erdogan was attempting to send a message... and maybe have some fun... ... Thanks for shedding some light on this previously puzzling matter, Jorge...  

That kind of sale will influence the price, not touching any exchange does not matter.

If it does not touch the exchanges, it won't have any more influence on the price than your typical 'x company accepts bitcoin' news story.

Yes, and I am glad that you seem to be having some fun, Erdogan, since you seemed to have started this mumbo jumbo.   I'm NOT really sure why, but what the heck.. adding a few posts to this thread will probably NOT hurt BTC prices.         

I usually agree with nearly anything that Aminorex writes, and I thought that MatTheCat was a troll; however, here, MatTheCat communicates reason.  Well done MTC!!!       

There seems to be little premium for legitimacy to the BTC themselves; however, there seems to be considerable legitimacy given to BTC as a whole by the mere fact that the government is going through this auction process (even though the government stole the coins from SR customers based on some bullshit assertions that SR was violating some kind of law that is probably ill conceived and ambiguous and overly broad). 

If I had a sufficient quantity of money available for BTC purchases, then I would bid on all ten lots and stagger my bids hoping to win some, if NOT all of the lots.  Potentially, I would place bids as low as 80% and as high as 135%.  I would expect that having some lots go for premium prices would cause BTC prices to rise, and even my investment at 135% would be profitable in the short run and in the long run. 

This current calculation is assuming that 6/26 BTC prices are around $590.  If BTC prices are lower than $590, then I may bid a higher percentages across the spread, and if BTC prices are higher,  then I may bid lower percentages across the spread.

so if the SR coins don't touch the exchanges, they won't affect the price? or if the selling price is made public in the news, will that become new selling price?

(I can't believe that I am adding to this numerology crap..... )

or 111.111%

You do NOT seem to be thinking this through sufficiently.  As others have posted, here, there is likely an incentive to manipulate the price of BTCs down over the next couple of weeks, yet if you already hold 10k or more BTC, then you may be more than willing to bid and/pay a premium on the BTC in order to contribute to the creation of a post auction BTC buzz.  Who knows the exact strategy(ies) of the various bidders, and possibly they are trying to figure out various strategies as well... and monitoring BTC prices leading up to the event (b/c they may adjust their strategy based on the market behavior immediately preceding the bid placements).  In this regard, there may be some questions among the bidders whether they should low ball or high ball or stagger their bids.  Yes, it seems quite conceivable that some of the bidders are going to employ a bid strategy that includes bidding on each of the ten lots, and they may be fairly neutral about whether they win the bid or NOT while resting assured that anyone who bids on such BTC and wins such BTC are going to have to bid more than they do on each of the lots.. in this regard, the BTC are easily going to go above 100% of the then market price (and likely the price will fluctuate during that day based on various bid rumors, so sophisticated bidders will likely wait until near the last hour to place their bids).

Explanation

Multiple bids on one lot is different from one bit on each lot.  In other words, I believe that one person could bid 10 times and win all ten lots, so long as his/her bid is the highest one on each lot.  And, if that bidder only bid on one lot, then the most that bidder could win would be one lot.