Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33032. (Read 26466507 times)
June 09, 2013, 07:59:38 PM
June 09, 2013, 07:58:22 PM
Someone buying 500btc, someone dumping 500btc - one more wtf moment
June 09, 2013, 07:38:36 PM
Gentlemen, do not forget that there is a guy who bought 400k USD worth of bitcoin causing 4USD slippage, watching price go down 
And to him, sir, I say - ouch.
June 09, 2013, 07:36:31 PM
Gentlemen, do not forget that there is a guy who bought 400k USD worth of bitcoin causing 4USD slippage, watching price go down
That buy can come from the same who dump millions today.. so means nothing.
June 09, 2013, 07:33:31 PM
lots of people bought in for no other reason than the price was going up, what else would you expect to happen when the price starts to tank?
Indeed, this provides opportunity though. The imperfectness of the market is what allows us to outperform it
Unfortunately it is very very hard to value Bitcoin because it is unknown what the exact growth rate of Bitcoin (many years of slow growth discounts the future value quite hard) will be, there is non-zero chance another cryptocurrency will overtake it and because it is an asset it doesn't produce anything (as Buffet says: an ounce of gold will in a hundred years still be an ounce of gold). I do believe it is significantly undervalued today but my this is based on many assumptions that can be flawed.
June 09, 2013, 07:30:09 PM
Gentlemen, do not forget that there is a guy who bought 400k USD worth of bitcoin causing 4USD slippage, watching price go down
June 09, 2013, 07:27:12 PM
lots of people bought in for no other reason than the price was going up, what else would you expect to happen when the price starts to tank?
June 09, 2013, 07:16:08 PM
Sometimes this feels like one big experiment in psychology
It is.
June 09, 2013, 07:15:14 PM
So how come, someone buys 4k the price stays about the same and if someone dumps 4k we enter freefall?
It's a suckers rally, people recognise this so instead of jumping aboard the Bitcoin train they just ignore it and wait for the current downtrentdto continue.
Price rising on low volume : What could possibly go wrong there ?
June 09, 2013, 07:12:22 PM
Sometimes this feels like one big experiment in psychology
June 09, 2013, 07:10:54 PM
So how come, someone buys 4k the price stays about the same and if someone dumps 4k we enter freefall?
Because free fall is what folk are waiting for...
June 09, 2013, 07:07:45 PM
So how come, someone buys 4k the price stays about the same and if someone dumps 4k we enter freefall?
June 09, 2013, 06:59:45 PM
June 09, 2013, 06:45:31 PM
i see fat green candle 
June 09, 2013, 06:39:25 PM
(have you seen it?) nice purchase 
June 09, 2013, 06:38:28 PM
400k usd, nice
June 09, 2013, 06:38:10 PM
Big buy! Around 3k
June 09, 2013, 06:35:37 PM
More to come
June 09, 2013, 06:34:55 PM
Yes, again so many cheap coins
June 09, 2013, 06:26:06 PM
look look!
Cheap coins!
Cheap coins!
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