Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32458.

David M

sr. member

Activity: 476

Merit: 250

Quote from: David M ****Date Of Post=April 2013****

My old man (72 years old) just sold 100 BTC at $110.

I convinced him to buy 1000 at $8. He has now recovered his investment plus ~40%.

I got a case of Veuve Clicquot out of it.

My old man is at it again. Sold 100BTC at AUD$205

This time I'm getting half of a 5KW Solar Panel setup.

Total Sold: 200BTC for $31,000. Just short of 300% realized profit on investment.
Remaining Balance: 799.5 BTC

He said he is getting old and plans to sell 100BTC at each "hundred" mark. e.g $300, $400 etc...
He's expecting to have less than 500BTC by June 2014.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: JimboToronto on October 28, 2013, 04:24:33 PM

LOL

Bubblepop?

That's the sound of champagne bottles opening in anticipation of the ATH.

LOLOL

damnek

hero member

Activity: 614

Merit: 500

Quote from: wobber on October 28, 2013, 04:08:54 PM

Even lower this time I presume. Operation Bubblepop in progress.

Alert: trader talking his position

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Walsoraj on October 28, 2013, 04:31:45 PM

What happens to Bitcoin when over 50% of it is owned by wealthy elites? Time to pump something else?

And as they move out, smaller players will move away from charts and start doing business with their bitcoins. Contraction of the bitcoin economy sows the seeds for the next expansion. Once things have settled out, the whales will return.

Walsoraj

hero member

Activity: 686

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Ultranode

What happens to Bitcoin when over 50% of it is owned by wealthy elites? Time to pump something else?

notme

legendary

Activity: 1904

Merit: 1002

Quote from: windjc on October 28, 2013, 04:27:16 PM

Quote from: ?? on ??

Quote from: windjc on October 28, 2013, 03:46:38 PM

I have a better question. Why do dozens of people on this forum who have never had any direct interaction with an ETF and no direct knowledge on the underlining motivations for starting and running one, have a fracking opinion they think is worth sharing on this forum? Huh

I do know how ETF work. In fact my stock portfolio is almost only composed of ETFs (with two lines only, one from my country's stock exchange, one from the US one).

Quote

ETF = good for valuation of bitcoin. That is all anyone needs to know. So much freaking hot air in here. LOL

I agree. Most of people here don't understand this.

Yeah, I was not obviously referring to you.

Its actually funny, (although it annoys me when I am actually trying to find real-important-topic-related-info in a thread), how stupid so many of the bitcoin early adopters are. I mean, there is literally this unrefined, ignorant, idealistic, caveman like quality to so many of these early adopters. Bitcoin is entering a time where (HOPEFULLY!!!) more and more legitimate, well financed, regulated, structured 3rd wave Bitcoin companies, users and investors are going to enter the BTC universe. And eventually they will help drown out the noise.

I mean hats off to the non-authoritarian idealism that led to the birth and early propagation of bitcoin. But, man, evolution rules for a reason, and bitcoin is evolving into something potentially really special and massive. And its time, in my opinion, for this early adopter mentality to be replaced with a new type of visionary. I am happy to ride that wave.

Well said.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: Walsoraj on October 28, 2013, 04:14:07 PM

Did Gox lead that mini-dump?

Why do you care? All you do is come up with the most off the wall conspiratorial speculation on how a small group of secret underground bitcion elite control all the markets to their advantage and the sufferage of the rest of us.

At least when they are not doing their blood sacrifices, right? Or is it virgin burnings? I can't remember.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: Walsoraj on October 28, 2013, 04:14:07 PM

Did Gox lead that mini-dump?

That's like asking "Does the dog lead the tail or does the tail just follow the dog?"

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: ?? on ??

Quote from: windjc on October 28, 2013, 03:46:38 PM

I have a better question. Why do dozens of people on this forum who have never had any direct interaction with an ETF and no direct knowledge on the underlining motivations for starting and running one, have a fracking opinion they think is worth sharing on this forum? Huh

I do know how ETF work. In fact my stock portfolio is almost only composed of ETFs (with two lines only, one from my country's stock exchange, one from the US one).

Quote

ETF = good for valuation of bitcoin. That is all anyone needs to know. So much freaking hot air in here. LOL

I agree. Most of people here don't understand this.

Yeah, I was not obviously referring to you.

Its actually funny, (although it annoys me when I am actually trying to find real-important-topic-related-info in a thread), how stupid so many of the bitcoin early adopters are. I mean, there is literally this unrefined, ignorant, idealistic, caveman like quality to so many of these early adopters. Bitcoin is entering a time where (HOPEFULLY!!!) more and more legitimate, well financed, regulated, structured 3rd wave Bitcoin companies, users and investors are going to enter the BTC universe. And eventually they will help drown out the noise.

I mean hats off to the non-authoritarian idealism that led to the birth and early propagation of bitcoin. But, man, evolution rules for a reason, and bitcoin is evolving into something potentially really special and massive. And its time, in my opinion, for this early adopter mentality to be replaced with a new type of visionary. I am happy to ride that wave.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: wobber on October 28, 2013, 04:08:54 PM

Even lower this time I presume. Operation Bubblepop in progress.

LOL

Bubblepop?

That's the sound of champagne bottles opening in anticipation of the ATH.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Did Gox lead that mini-dump?

notme

legendary

Activity: 1904

Merit: 1002

Quote from: wobber on October 28, 2013, 04:08:54 PM

Even lower this time I presume. Operation Bubblepop in progress.

Beginnings of wave C?

wobber

legendary

Activity: 1064

Merit: 1001

Even lower this time I presume. Operation Bubblepop in progress.

DougTanner

sr. member

Activity: 280

Merit: 250

Huh, Gox crashing Undecided

.

ChartBuddy

legendary

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: SheHadMANHands on October 28, 2013, 03:38:41 PM

Why would the Winklevoss be selling their shares (granted, to other investors) if they're still "very bullish" on bitcoin? Wouldn't it obviously be in their interest to purchase more bitcoin for any other investors in the fund, since that would just drive the price up further anyway?

I have a better question. Why do dozens of people on this forum who have never had any direct interaction with an ETF and no direct knowledge on the underlining motivations for starting and running one, have a fracking opinion they think is worth sharing on this forum? Huh

ETF = good for valuation of bitcoin. That is all anyone needs to know. So much freaking hot air in here. LOL

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Why would the Winklevoss be selling their shares (granted, to other investors) if they're still "very bullish" on bitcoin? Wouldn't it obviously be in their interest to purchase more bitcoin for any other investors in the fund, since that would just drive the price up further anyway?

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: ?? on ??

Quote from: BitcoinAshley on October 28, 2013, 01:38:58 PM

EDIT: I'm not sure what the above poster meant by "about to cash out." Filing or approval in no way means Winklevii will be selling any or all of 100k coins at market the instant they are approved. They have to own the coins that the shares represent. They don't get to just sell them when ETF is approved, that makes no sense and then they wouldn't have an ETF. They hold the coins as specified in the filling. As more investors pile in they'd have to purchase more coins. Or the opposite. You get the picture.

Rigth now they personnaly hold those coins.
Once the ETF is approved, they will give them to the ETF, and in return the ETF will issue shares to them.
At that moment they will be the only ones holding shares.
Then they will sell them on the market.
Therefore, cash out.

Edit : it doesn't mean a single coin has to be sold nor move. 100% of the coins will still belong to the ETF. Only them will have a little less ETF shares and a bit more dollars.

This assumes of course that the Winklevii choose to cash out, if they do not then the ETF will have to purchase BTC on the open market to back up the shares.

ChartBuddy

legendary

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Buyer contacted me on localbitcoins for an in person meetup (probably tomorrow). I'm in a smaller town, so doesn't happen often (once like 6 months ago). He's been following the action and wants in. Grin

Word slowly getting out.. more media attention the better (and they'll be a ton if we bust through the ATH).

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