Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30762.

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: ?? on ??

Quote from: QuestionAuthority on December 22, 2013, 03:46:11 PM

I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.

interest in status quo bc status quo is in their best interests. there is an albeit small possibility status quo may begin to fail in that regard, perhaps already has started. the hedged and exploratory position or mere interest can quickly snowball.

Exactly 2017orso. What is so interesting about bitcoin is that every rational person (even those who despise bitcoin) should take at least a small position (WRT net worth) in bitcoin "just in case." But this "hedging" pushes up price, increases media exposure / public awareness, which leads to more hedging, and on and on.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: rpietila on December 22, 2013, 04:10:25 PM

Does not look too rosy for bulls now... My final speculation before Christmas is that we will see quite low prices (already) before New Year's.

Merry Christmas/Xmas/Holidays everyone!

u2, this coming dip is a nice christmas present Grin

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

If Satoshi is exiting perhaps we should pay attention.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: ?? on ??

Quote from: QuestionAuthority on December 22, 2013, 03:46:11 PM

Quote from: Peter R on December 22, 2013, 03:42:04 PM

Quote from: QuestionAuthority on December 22, 2013, 03:38:40 PM

Quote from: Peter R on December 22, 2013, 03:36:55 PM

Quote from: ?? on ??

pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?

I agree. It is more likely that these coins were sold privately. You don't just dump 1% of the outstanding bitcoins on BitStamp (or cavirtex Shocked

).

We've all seen how large sell orders can drive down the price, but remember, if big players want to get into this game, they must be very worried about driving up the price too high before establishing a position commensurate with their wealth

And there are *very* big players waking up to the possibilities of bitcoin. Take Vladimir Putin, with a potential net worth between $40 - $70 billion (http://www.thebureauinvestigates.com/2012/04/19/putin-the-richest-man-on-earth/). Just think how difficult it would be for him to buy up 1% of the outstanding bitcoins (which is only ~0.1-0.2% of his net worth!). He would need to cut deals with early adopters holding large numbers of coins. I also bet he is paying *more* than the market value. (Of course, Putin is probably not buying; the point is that there are at least a few rich billionaires who are.)

Tits or GTFO

So you think it is more likely that not a single billionaire in the entire world has taken a position in bitcoin, despite all the news and excitement? Isn't Richard Branson a billionaire? I think we have evidence that he holds some coins.

I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.

interest in status quo bc status quo is in their best interests. there is an albeit small possibility status quo may begin to fail in that regard, perhaps already has started. the hedged and exploratory position or mere interest can quickly snowball.

The Bitcoin market is a flea on an elephants ass currently. Small fish (the winklevoss douches) that want to be big fish are buying in because they need a speculative monster to advance quick enough to be able to enjoy their great wealth before the age that their dicks shrivel into an unusable Vienna sausage.

gandhibt

full member

Activity: 238

Merit: 100

wonder how big % of those walls are fake, so many of them always vanish when price gets closer

rpietila

donator

Activity: 1722

Merit: 1036

Does not look too rosy for bulls now... My final speculation before Christmas is that we will see quite low prices (already) before New Year's.

Merry Christmas/Xmas/Holidays everyone!

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Peter R on December 22, 2013, 03:59:36 PM

Quote from: QuestionAuthority on December 22, 2013, 03:46:11 PM

I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.

In the spirit of our "speculation sub-forum," indeed I have no proof. And yes, I should have written "the point is that there are at least a few rich billionaires who could very well be buying.

The point of my post was to show the difficultly in buying up *large* amounts of coins without driving the price through the stratosphere. I used Putin as an example because only 0.1-0.2% of his estimated net worth is already 1% of the bitcoin market!

I agree that billionaires benefit from the status quo. But I also believe that billionaires will hedge their bets so that they can retain their wealth through turbulent times. What's interesting is that this "hedging" process can really shoot up the price and make bitcoin more likely to succeed.

Ok I like the edited form. I can agree with that.

elg

full member

Activity: 151

Merit: 104

@slave size is the number of coins....

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: QuestionAuthority on December 22, 2013, 03:46:11 PM

I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.

In the spirit of our "speculation sub-forum," indeed I have no proof. And yes, I should have written "the point is that there are at least a few rich billionaires who could very well be buying.

The point of my post was to show the difficultly in buying up *large* amounts of coins without driving the price through the stratosphere. I used Putin as an example because only 0.1-0.2% of his estimated net worth is already 1% of the bitcoin market!

I agree that billionaires benefit from the status quo. But I also believe that billionaires will hedge their bets so that they can retain their wealth through turbulent times. What's interesting is that this "hedging" process can really shoot up the price and make bitcoin more likely to succeed.

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

Quote from: ?? on ??

Dump on gox?

The darkness has begun....

arklan

legendary

Activity: 1778

Merit: 1008

well, we know richard branson is in support of bitcoin - he's pretty fricking wealthy ain't he? billions though, i don't know.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Peter R on December 22, 2013, 03:42:04 PM

Quote from: QuestionAuthority on December 22, 2013, 03:38:40 PM

Quote from: Peter R on December 22, 2013, 03:36:55 PM

Quote from: ?? on ??

pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?

I agree. It is more likely that these coins were sold privately. You don't just dump 1% of the outstanding bitcoins on BitStamp (or cavirtex Shocked

).

We've all seen how large sell orders can drive down the price, but remember, if big players want to get into this game, they must be very worried about driving up the price too high before establishing a position commensurate with their wealth

And there are *very* big players waking up to the possibilities of bitcoin. Take Vladimir Putin, with a potential net worth between $40 - $70 billion (http://www.thebureauinvestigates.com/2012/04/19/putin-the-richest-man-on-earth/). Just think how difficult it would be for him to buy up 1% of the outstanding bitcoins (which is only ~0.1-0.2% of his net worth!). He would need to cut deals with early adopters holding large numbers of coins. I also bet he is paying *more* than the market value. (Of course, Putin is probably not buying; the point is that there are at least a few rich billionaires who are.)

Tits or GTFO

So you think it is more likely that not a single billionaire in the entire world has taken a position in bitcoin, despite all the news and excitement? Isn't Richard Branson a billionaire? I think we have evidence that he holds some coins.

I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: QuestionAuthority on December 22, 2013, 03:38:40 PM

Quote from: Peter R on December 22, 2013, 03:36:55 PM

Quote from: ?? on ??

pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?

I agree. It is more likely that these coins were sold privately. You don't just dump 1% of the outstanding bitcoins on BitStamp (or cavirtex Shocked

).

We've all seen how large sell orders can drive down the price, but remember, if big players want to get into this game, they must be very worried about driving up the price too high before establishing a position commensurate with their wealth

And there are *very* big players waking up to the possibilities of bitcoin. Take Vladimir Putin, with a potential net worth between $40 - $70 billion (http://www.thebureauinvestigates.com/2012/04/19/putin-the-richest-man-on-earth/). Just think how difficult it would be for him to buy up 1% of the outstanding bitcoins (which is only ~0.1-0.2% of his net worth!). He would need to cut deals with early adopters holding large numbers of coins. I also bet he is paying *more* than the market value. (Of course, Putin is probably not buying; the point is that there are at least a few rich billionaires who are.)

Tits or GTFO

So you think it is more likely that not a single billionaire in the entire world has taken a position in bitcoin, despite all the news and excitement? Isn't Richard Branson a billionaire? I think we have evidence that he holds some coins.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Peter R on December 22, 2013, 03:36:55 PM

Quote from: ?? on ??

pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?

I agree. It is more likely that these coins were sold privately. You don't just dump 1% of the outstanding bitcoins on BitStamp (or cavirtex Shocked

).

We've all seen how large sell orders can drive down the price, but remember, if big players want to get into this game, they must be very worried about driving up the price too high before establishing a position commensurate with their wealth

And there are *very* big players waking up to the possibilities of bitcoin. Take Vladimir Putin, with a potential net worth between $40 - $70 billion (http://www.thebureauinvestigates.com/2012/04/19/putin-the-richest-man-on-earth/). Just think how difficult it would be for him to buy up 1% of the outstanding bitcoins (which is only ~0.1-0.2% of his net worth!). He would need to cut deals with early adopters holding large numbers of coins. I also bet he is paying *more* than the market value. (Of course, Putin is probably not buying; the point is that there are at least a few rich billionaires who are.)

Tits or GTFO

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: ?? on ??

pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?

I agree. It is more likely that these coins were sold privately. You don't just dump 1% of the outstanding bitcoins on BitStamp (or cavirtex Shocked

).

We've all seen how large sell orders can drive down the price, but remember, if big players want to get into this game, they must be very worried about driving up the price too high before establishing a position commensurate with their wealth

And there are *very* big players waking up to the possibilities of bitcoin. Take Vladimir Putin, with a potential net worth between $40 - $70 billion (http://www.thebureauinvestigates.com/2012/04/19/putin-the-richest-man-on-earth/). Just think how difficult it would be for him to buy up 1% of the outstanding bitcoins (which is only ~0.1-0.2% of his net worth!). He would need to cut deals with early adopters holding large numbers of coins. I also bet he is paying *more* than the market value. (Of course, Putin is probably not buying; the point is that there are at least a few rich billionaires who are.)

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Someone needs to develop more believable FUD to drive the price down so we can buy some cheap coins.

keewee

legendary

Activity: 1025

Merit: 1000

Quote from: CryptStorm on December 22, 2013, 03:06:01 PM

Quote from: ?? on ??

pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?

That seems pretty reasonable at first, but I thought he was going to buy coins?

He might have found someone who wanted to buy coins at too good a price though. Hmm...

He is buying. But that means someone must be selling to him so they may have moved the coins. However, I'm not convinced the coins are going to cause the price crash that people are speculating on because those coins could have moved for any number of other reasons

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: ?? on ??

pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?

That seems pretty reasonable at first, but I thought he was going to buy coins?

He might have found someone who wanted to buy coins at too good a price though. Hmm...

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Odalv

legendary

Activity: 1414

Merit: 1000

Quote from: rpietila on December 22, 2013, 01:50:34 PM

Quote from: samson on December 22, 2013, 01:37:36 PM

Quote from: rpietila on December 22, 2013, 01:31:18 PM

If you think it goes below 300, I am willing to bet

I have no idea where the price is going but I fondly remember the time when you predicted the price would never go below $100 again. That was about 24 hours before the price dived below $100 on heavy volume.

Predicting the markets is making educated guesses about the probabilities of things happening. It becomes successful investing if you spot the +EV deals and act on them (and your skill is good enough to estimate the probabilities).

When I predicted no going below 100, my skill was not as good as now. I would have bet, and lost. (And I also lost by going 100% all-in before the dip). Now I am saying no going below 300. If it goes below, I lose the possible bet + I lose because my bids were too high. It does not mean that I find it unthinkable to go there. If I bet 2:1 for example, it means that I think the probability is anything less than 33%.

This was also the beef last spring, and many people have been ridiculing me for trying to (unsuccessfully) give them juicy odds for bets that I would have lost. Now I think it is bad behavior - just "no thanks" should be enough.

In the last dip I went 100% all in at $421, because that was my assessment of the lowest realistic price in Bitstamp that day after the previous close of 675. I lost, because it went to $382. Well, many lost much more by being even worse in predicting Wink

Your 20 BTC ?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30762. (Read 26713001 times)