Patience.... wait until everyone is sure the price is going lower.
That is the time to buy.
That is the time to buy.
I always know the best time to buy...a day after it happens.
i still think it was in 2011
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30265. (Read 26709152 times)
January 17, 2014, 03:52:33 PM
I always know the best time to buy...a day after it happens.
i still think it was in 2011
January 17, 2014, 03:52:07 PM
This "capitulation" has got absolutely no conviction. And as the days countdown to 31 January and nothing happens, people wanting to buy in but waiting for the China crash are going to start getting twitchy! 
any action is more likely to be during the week of Feb 10.
January 17, 2014, 03:51:00 PM
I read you bastards often enough to notice patterns. Gloom and doom until the banks close on Friday and nobody can get fresh fiat to the exchanges, THEN you buy like sailors on leave with nobody around to outbid you. I'm keeping some powder dry.
January 17, 2014, 03:50:52 PM
You think this is good news ?
Quote
According to Richard Asquith, head of tax at investment advisers TMF Global, the reclassification of bitcoin to a private currency would mean owners would not be liable for capital gains tax, and although VAT would still apply, it would only be incurred when trading on an exchange, not when buying goods.
VAT (known as sales tax in some countries) in the UK is 20% at the moment, if it's charged on exchange transactions that means a 20% price premium to those who are not VAT registered businesses.
no capital gains tax is very good.
vat in germany is not an issue, since you also pay no vat when buying gold or dollars. but when you pay stuff with btc, you still have to pay the vat that is on the item. using btc will not prevent you from paying vat for the item itself. i doubt it very much thatthere will be vat on btc itself. there was much confusion about this topic in germany also, but it is all clear now: no extra vat on btc purchases. i bet this will be the same in the uk. don´t spread FUD.
It's not FUD, this comes from HMRC. Look it up.
January 17, 2014, 03:50:45 PM
There is an overstock of coins right now. 
It's going to be interesting to find out if overstock are able to hedge against the volatility.
If they are able to, then maybe there's hope for a larger adoption of bitcoin.
If not, and they end up with a significant loss, instead of the small gains they expected, the signal will be bearish.
You are aware they are selling their coins, right?
They ought to. They have to pay their suppliers with fiat money; what else could they do? I strongly believe though that they don't give up all their income in btc... It's not wise, nor profitable.
Holding is a risk for them, they already make extra profit from lower fees.
January 17, 2014, 03:50:16 PM
There is an overstock of coins right now.
It's going to be interesting to find out if overstock are able to hedge against the volatility.
If they are able to, then maybe there's hope for a larger adoption of bitcoin.
If not, and they end up with a significant loss, instead of the small gains they expected, the signal will be bearish.
You are aware they are selling their coins, right?
They ought to. They have to pay their suppliers with fiat money; what else could they do? I strongly believe though that they don't give up all their income in btc... It's not wise, nor profitable.
the ceo guy said in an interview that the bitcoins are immediately(?) converted to fiat so they can pay their suppliers with fiat as you said. given the still volatile nature of bitcoins, they would probably wanna sell back at the value the products were purchased.
January 17, 2014, 03:47:02 PM
There is an overstock of coins right now.
It's going to be interesting to find out if overstock are able to hedge against the volatility.
If they are able to, then maybe there's hope for a larger adoption of bitcoin.
If not, and they end up with a significant loss, instead of the small gains they expected, the signal will be bearish.
You are aware they are selling their coins, right?
They ought to. They have to pay their suppliers with fiat money; what else could they do? I strongly believe though that they don't give up all their income in btc... It's not wise, nor profitable.
January 17, 2014, 03:45:55 PM
On other news:
eBay UK to Allow Sale of Virtual Currency from 10th February
Emily Spaven (@emilyspaven) | Published on January 16, 2014 at 21:36 GMT | Companies, Merchants, News
ebay
eBay is launching a dedicated Virtual Currency category on eBay Classifieds in the UK on 10th February.
The Classified Ads category will allow for the sale of all types of digital currency, including bitcoin and litecoin, eBay representatives have confirmed.
eBay Classifieds, which lists posts throughout the site, serves as the site’s answer to Craigslist. eBay provides the free platform for local buyers and sellers to connect, but does not participate in the transactions.
http://www.coindesk.com/ebay-uk-virtual-currency-february/
eBay UK to Allow Sale of Virtual Currency from 10th February
Emily Spaven (@emilyspaven) | Published on January 16, 2014 at 21:36 GMT | Companies, Merchants, News
ebay
eBay is launching a dedicated Virtual Currency category on eBay Classifieds in the UK on 10th February.
The Classified Ads category will allow for the sale of all types of digital currency, including bitcoin and litecoin, eBay representatives have confirmed.
eBay Classifieds, which lists posts throughout the site, serves as the site’s answer to Craigslist. eBay provides the free platform for local buyers and sellers to connect, but does not participate in the transactions.
http://www.coindesk.com/ebay-uk-virtual-currency-february/
I think that kills localbitcoins with their 1% fees
Localbitcoin is free if you don't care about the escrow and ratings.
January 17, 2014, 03:43:38 PM
There is an overstock of coins right now.
It's going to be interesting to find out if overstock are able to hedge against the volatility.
If they are able to, then maybe there's hope for a larger adoption of bitcoin.
If not, and they end up with a significant loss, instead of the small gains they expected, the signal will be bearish.
You are aware they are selling their coins, right?
January 17, 2014, 03:42:21 PM
There is an overstock of coins right now.
It's going to be interesting to find out if overstock are able to hedge against the volatility.
If they are able to, then maybe there's hope for a larger adoption of bitcoin.
If not, and they end up with a significant loss, instead of the small gains they expected, the signal will be bearish.
January 17, 2014, 03:42:12 PM
You know what though? This is a serious anti-climax for the capitulation crowd. The selling is extremely measured - We haven't had a panic sell for weeks now. AND this is the time - as we move into two weeks until the dreaded 31 January Chinese New Year shutdown scenario - that the naysayers have been banking on.
Dunno, what's worse: a capitulation with everyone panicing and rushing for the doors (which secretly everyone likes because they can get cheap coins quick, causing a rapid bounce), or a long, slow, drawn out, confidence sapping slide with no bounce at the the end?
I'm hodling too, but doing so through increasingly gritted teeth
January 17, 2014, 03:41:32 PM
double bull trap included in this pic
I like this and see its relevance, just for the future we need one for the anatomy of a bull run
January 17, 2014, 03:38:52 PM
There is an overstock of coins right now.
ahah hell yeah, could it be overstocks first coins hitting the market? ohh and could it be that they create on purpose this tiny crash to make the bitcoin's price lower, hence appreciating the number of coins they receive through their website?
edit: that would explain bitstamp's high volumes and the fact that china hasnt even respond to it
January 17, 2014, 03:37:29 PM
Patience.... wait until everyone is sure the price is going lower.
That is the time to buy.
That is the time to buy.
I always know the best time to buy...a day after it happens.
i still think it was in 2011
January 17, 2014, 03:37:09 PM
wow this was a pretty shitty thing to wake up to
still, HODL
still, HODL
Until when?
forever
Until you need to byu smoehtnig.
Yeah like a lambo...
January 17, 2014, 03:34:34 PM
There is an overstock of coins right now.
January 17, 2014, 03:32:40 PM
wow this was a pretty shitty thing to wake up to
still, HODL
still, HODL
Until when?
forever
Until you need to byu smoehtnig.
January 17, 2014, 03:32:09 PM
wow this was a pretty shitty thing to wake up to
still, HODL
still, HODL
HODLing with you!!
You know what though? This is a serious anti-climax for the capitulation crowd. The selling is extremely measured - We haven't had a panic sell for weeks now. AND this is the time - as we move into two weeks until the dreaded 31 January Chinese New Year shutdown scenario - that the naysayers have been banking on.
Let's see... how long in your experience does it take to sell and withdraw funds from exchanges? One week in total? You'd be extremely lucky, if not unheard of. Two weeks? The best possible reasonable guess. Very often, if not usually, longer. So if the Chinese really were going to withdraw all their money, they would be doing it already!
This "capitulation" has got absolutely no conviction. And as the days countdown to 31 January and nothing happens, people wanting to buy in but waiting for the China crash are going to start getting twitchy!
January 17, 2014, 03:31:10 PM
wow this was a pretty shitty thing to wake up to
still, HODL
still, HODL
Until when?
forever
January 17, 2014, 03:30:36 PM
On other news:
eBay UK to Allow Sale of Virtual Currency from 10th February[/size]
Emily Spaven (@emilyspaven) | Published on January 16, 2014 at 21:36 GMT | Companies, Merchants, News
ebay
eBay is launching a dedicated Virtual Currency category on eBay Classifieds in the UK on 10th February.
The Classified Ads category will allow for the sale of all types of digital currency, including bitcoin and litecoin, eBay representatives have confirmed.
eBay Classifieds, which lists posts throughout the site, serves as the site’s answer to Craigslist. eBay provides the free platform for local buyers and sellers to connect, but does not participate in the transactions.
http://www.coindesk.com/ebay-uk-virtual-currency-february/
eBay UK to Allow Sale of Virtual Currency from 10th February[/size]
Emily Spaven (@emilyspaven) | Published on January 16, 2014 at 21:36 GMT | Companies, Merchants, News
ebay
eBay is launching a dedicated Virtual Currency category on eBay Classifieds in the UK on 10th February.
The Classified Ads category will allow for the sale of all types of digital currency, including bitcoin and litecoin, eBay representatives have confirmed.
eBay Classifieds, which lists posts throughout the site, serves as the site’s answer to Craigslist. eBay provides the free platform for local buyers and sellers to connect, but does not participate in the transactions.
http://www.coindesk.com/ebay-uk-virtual-currency-february/
I think that kills localbitcoins with their 1% fees
Unless eBay has seller protection, no one's going to care.
Ebay would have never missed the chance to be in front seat with bitcoin. I mean any way you are looking at it, they're with it since the beginning. As for the fees. Read what the article says!
As with the FUD, I really hope you people here didn't sodl. Hodl!!!!!
Jump to: