Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27738. (Read 26711523 times)

Explanation

Don't you know that because price went from 10 to 1000, that it will go from 400 to 40000 just as easily?

Ah grass hopper I have been through 3 of these not 1 like you youngsters have as THEIR view of a THING

It has had 100000% growth since inception

On LTC I have personally made 10x growth 3 times I have turned 4c into $39 & cashed out

You seem to not see the big picture of what this is ..I have been working building banking and billing systems in the finance sector for many many years and your dont understand the disruptive impact of what crypto is

You are going to be kicking yourself as to an oppurtunity lost but I am keen to get your views quoted for prosperity so we can all have a laugh and a giggle later down the track

He may be dumping b/c he is hoping for a reaction from other exchanges, and when he does NOT get very much of a reaction, then he may decide to adjust his BTC buy/sell/hodl strategy and rethink the responsiveness of the rest of the BTC market to chinese exchanges.  It may be the case that if the various chinese exchanges have become less liquid, the those chinese exchanges are going to have to adjust BTC prices downward somewhat b/c of that  illiquitity?  If in the future, the chinese exchanges return to a more liquid status, then BTC prices can be more closely aligned with other exchanges.  In other words, the chinese exchanges may be coming to learn that their status has been downgraded and the BTC price market is finding a new comfortable downgraded equilibrium.  5-10% downgrade?

As I said, I never owned bitcoin, so I could never sell them, neither and I do not have any for sale. If by some strange coincidence I would have some at this moment (meaning I would still not sell in the 6th month of the bear market) I would most likely hold now, the market seems indecisive and may go up or down or worse stay like that for months.

EDIT: I understand that your "contact me to sell at $430 was mostly rhetoric - but why any rational person do it if they can be sold higher on any exchange?

Well, you are apparently one of the believers that if the price raised 10 times last year, it will most likely raise 10 times this year and next. I do not believe in exponential growth line - just normal markets bull and bear cycles. Now I guess I will be asked again to leave this discussion forum that sometimes resembles more a support group .

I know . But it is being autocorrected for me. Is there a way to switch it off?

You really have no idea do you

"Couple of Years" I loled

Also what OTHER OPPORTUNITIES have the potential to give you a 1000% return that are not on late night shoppiung channel

"The exciting world of Ostrich Farms"
"Binary trading"

Enter your sugestion here ___________  ?

I may have been a little accusatory in my tone; however, I did NOT mean anything personal.   I was merely attempting to make the point that businesses may structure themselves in various ways in order to attract a certain kind of clientele.  Whether that structure/approach is a good business strategy or NOT, we cannot always be sure.   I suppose that if I was accusing you of anything, then the accusation would be that you seemed to have been, in my thinking, too critical of Second Market's business strategy, and I personally, do NOT see their business strategy as a problem, unless they were engaging in some kind of trickery (which does NOT seem to be the case).  In essence, whether Second Market is attempting to appeal to institutional investors or regular individuals, you seem to be conceding that they are attempting to appeal to longer term investors rather than day traders.  In my thinking, absent other variations, the targeting of longer term investors could be a good marketing strategy for second market, as a business, and it can be good for bitcoin to have various options in the kinds of investments that you can make (depending upon whether you are willing and/or able to meet their conditions). 

In the end, it seems that we do NOT really disagree, and we are phrasing matters a little bit differently.  In the end,  I learned from your responses. 

Say "bit coin" one more time!
It's bitcoin!

Well I am buying. And all the bitcoins for sale at 400-430 have been bought. If you have BTC for sale at 430, contact me.
Enough people are buying to take out of the market all mined coins, seized coins, stolen coins for sale and all the coins used for purchases.
We were not seeing many people buying during all flat periods. Normal, healthy.
Actually many more people are buying BTC during this flat period than during all past flat periods, at least in USD terms.
Wedge is going all the way to mid-june, we should remain more or less flat until then.
Everything happens through cycles. Most of the buying of bitcoin happens during short periods of time when people become afraid of missing out. Nobody knows when such period will start again. Many know that it will soon enough.

I am afraid I become another Jorge - observing bit coin attics is very interesting and sometimes amusing, especially when you have no money invested. I am also still interested in crypto currencies and may change my decision about not investing in bit coin if price will go lower.

EDIT: I am not risk averse at all - I have been trading penny stocks and options at college already Bitcoin has been best investment ever early on, but at this point in time I see better options. We will see in a couple of years who was right.

Good ...bye bye

Wait ..you are still hanging around here like a old fart that wont go away ...??

Correct

Bitcoin is the poster child of HIGH risk reward ratio

LOL, it does seem that I am not only "irrational" person here - somehow we do not see many people buying this "best investment ever". I am not selling either, I have never owned a bit coin. I am just sharing how it looks like form my perspective as someone who was interested in investing in bit coin since beginning of this year but decided recently to move on.

I don't see how someone rational can come to that conclusion.
Risk/reward ratio not that great ?

People who evaluate the risk/reward ratio of bitcoin as poor really deserve to sell now, more or less at the bottom.
I don't think there is any investment that has a better risk/reward ratio - unless you are extremely risk averse.

Yeah, and even whales have to pay the bills sometimes.

I think TERA summed it up best: we have a prolonged stand-off between holders - who believed that bitcoin is worth thousands of $$$ so are not even remotely interested in selling at these levels - and fresh fiat like me, who may be thinking that at current prices risk/reward ratio for bit coin is not that great, market is practically frozen so trading is almost impossible, so they are gradually moving out to other investments.

That buy wall of market depth is getting FUCKING PHAT !!!

Circle Reveals Roadmap for Bringing Bitcoin to Mainstream Market

Bullish?