Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31941. (Read 26608321 times)

Large scale dumping tends to happen in stages.

For example someone dumps about 4000 BTC like we just saw.

The price will then quickly recover on low volume and everyone runs around congratulating themselves and patting each other on the back because they were strong and for 'holding' their coins instead of selling.

The wealthy guy just made a shit load of money off the back of those who didn't sell.

As soon as the bids fill in it happens again.

This is if one person is dumping. If another whale is watching (and they will be) it will be a race to see who holds out the longest before dumping.

As far as I'm concerned this is how a mass dumping event happens. All it takes is one or two to play the dumping game at the same time then others join in. Before you know it there's a free for all and everyone who's actively trading dumps their coins, exchanges get overloaded and the price bounces around like a ball bouncing down a stairway.

Why not spend them when I can pay less when paying with bitcoin and buy the coins at the time of use?

In "optimal" circumstances, it will drop the market to about its trendline, at most 25% below it. In other words, now it would go to $250-$350 area.

I would not waste my coins just yet, if I were a market manipulator...

If bitcoin was to be accepted by ebay/paypal, I predict the mother of all spikes followed by the daddy of all crashes when people realise only 1% of the bitcoin community will actually spend their bitcoins as a currency for goods.  Who here would just start giving their bitcoins away in return for stuff that you could buy with fiat? And what can I sell you?

hey its "virtual gold" even gold compares itself to something..now when paypal and ebay take BTC that will loosen up a lot ..may work its way the other way around comparing USD to the amount of BTC you coulda had at a certain point in time

just saying "mental games" ...that earth killing asteroid coming straight down on earth over the north pole (no telescopes to warn us) will probably make this all moot next week

karma is a bi*ch and I myself am gonna play "look out for trucks next week"  goes around comes around (prob tues with btc crash sigh)

they do call this forum "speculation right......also everthing I think I know is wrong do the opposite odds are better for you

I mean sell it to the wall immediately (the order book of BTCChina is not so thick anyway), as the most extreme case, but yes I admit no one will do something like that.

Mining will get ROI in fiat, yes. Mining will get ROI in BTC, no. Just that simple. People have different definitions of ROI.

It's sade how miners have to stick with USD to get a positive ROI

GG Easy.

Isn't it time we ditch the fiat pricing model? I for one don't want any dirty fiat anymore.

https://bitcointalksearch.org/topic/will-a-sepoct-knc-jupiter-ever-roi-317838

er how did I suck at math (not saying your wrong...it is some obvious trick in that I'm scratching my head with my Jupiter paid off (at least in the paper trail of my own mind ..ie still have coins) is that what you mean? (also true...we also serve that hold the bag when it all goes boom)

Considering the current bid depth and daily volume, dumping 60k coins at once may drop the price to almost 0, but meanwhile you could dump it carefully for couple of days without affecting the price much.

For someone has 60k coins (that's more than $30M now), I doubt he will choose to dump at once and lose half of his wealth.

I don't disagree but again at least as of summer of 2013 then things were not so nuts...most new to BTC bought miners as the 'safe' way to get into BTC ..speculation was not so nuts as it is now...so everyone I've talked to mined first...now that may be different this fall ....but most noobs DID mine first from my experience

but your point is correct to those who dropped 7k plus on 60 buck BTC and have kept it now past 600 usd now ..I salute you ..you have big brass ones...

myself I think btc was 150 1 month ago and was 600 btc a bit ago and I've managed to keep my 21 coins after 1 month .....for someone with the will power of a gerbil I'm quite proud of myself...(but again we are all insane and it will go boom tues probably ....just saying...when you find yourself in a nut house it is only polite to tell the other patients)

\

You must suck at math.... sorry for your lost.

Things are not looking good for the USD. It's fallen below the 2 mBTC level for the first time ever:

lol!

How about spend $7K in bitcoin @$100 when you order the KNC ?
70*600 = $42K
Better no ?

It will be interesting to see how this affects the market when it happens.

heh power consumption being really really optimistic and selling at 600 bucks BTC at www.mtgox.com  minus the $7,131.80 USD I spent w/shipping (and not counting power supply)for the KNC Jupiter i have....I'm under those more then rosy conditions at 21 coins @$12,600 USD....minus $7131.80 that is $5,468.20 ahead and I'll have been mining 1 month tomorrow 11/18 as of 8:30pm CST USA.....as for electric it is a bit less then 100 bucks I think around 80 bucks but call it 100 cause I've been home a lot babysitting miner and giggling so more use on other computers and such this month

of course it will all go boom and I will probably be looking at 1/2 ROI on Monday after the U.S. House hearings ...or some such bad news...but hey that works too for 1 month of mining I have a Jupiter hashing 555gh consistent ..just put the new firmware on now 0.99 its hashing at around 564gh consistent....

heh been a good nite for me at least in the delusions of my own mind (yeah we are all insane it is only real variable that is constant in all this)

Searing


p.s. er as I ordered the Jupiter on July 1st I think BTC was 60 bucks or some such yeah better of getting BTC direct I would have been but no body imho noob wise jumps in with 7k or more in speculation...we always start with equipment...now in the future with how asic mnfg stuff trickles out etc etc I may change my tune but this is what I seem to hear how most start in bitcoin with miners (or did back in the early early days of summer 2013....)
 

thats legit!