Author

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 860. (Read 1811607 times)

newbie
Activity: 55
Merit: 0
just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks

I do not expect big banks get into btc any time soon. But when it happens, my approach will change.





What would happen then?
Would the price stabilize or become more volatile?

If big banks decide to join the game first they will try to devaluate btc in order to buy cheap (big players always use such strategy). This could be done by rumors or a plan of making btc illegal but not making it illegal actually (they have the tools to make this happen). When the price falls and starts to stabilize then they buy. If devaluation at some point ever begin then keep a close eye in the volume.
legendary
Activity: 2198
Merit: 1311
just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks

I do not expect big banks get into btc any time soon. But when it happens, my approach will change.
that's not the point, is not about banks (OMFG SOMEONE SAID BANKS, BANKS COME AND BUY BITCOINS ? LETS MISS READ THE POINT), the banks are the major player, in the bitcoin world one does not need to  be  a bank to be a major player, each time to price go up the less effect minor players have on the price and for a reason like this funds dont participate on penny stocks and some of them don't even buy stock if the price is under 5USD/share  and when a stock goes below 5USD they dump the shares

Which is why we should all be shorting bitcoin, yes?
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks

I do not expect big banks get into btc any time soon. But when it happens, my approach will change.
that's not the point, is not about banks (OMFG SOMEONE SAID BANKS, BANKS COME AND BUY BITCOINS ? LETS MISS READ THE POINT), the banks are the major player, in the bitcoin world one does not need to  be  a bank to be a major player, each time to price go up the less effect minor players have on the price and for a reason like this funds dont participate on penny stocks and some of them don't even buy stock if the price is under 5USD/share  and when a stock goes below 5USD they dump the shares
full member
Activity: 210
Merit: 100
just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks

I do not expect big banks get into btc any time soon. But when it happens, my approach will change.





What would happen then?
Would the price stabilize or become more volatile?
newbie
Activity: 55
Merit: 0
just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks

I do not expect big banks get into btc any time soon. But when it happens, my approach will change.



legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks
newbie
Activity: 55
Merit: 0
High prices means less distribution.

Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them.

If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more!

If more people become interested in Bitcoin and purchase them, the price will go down.

Does any of this make any sense?  Shocked

I dont get it. I'd say the inverse is true. Not many people had them at the beginning, but they each had alot. As the price rises, people are incentivized to take profits and sell, thereby increasing distribution. Additionally, as the economy grows, so does the distribution.

Distribution makes prices rise, but high prices do not make distribution rise... And because i think that the rate of people getting familiar with btc decreases would be better if the btc price goes down. Personally, i do not care where the price goes...
legendary
Activity: 1025
Merit: 1000
Whoa! Where'd all the asks go???  Shocked

16000 up to $14 and 34000 down to $12.50. That sure changed in the last few hours!

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
IT WAS A TRAP!!    O_O
wall is gone.
I guess its time to panic buy.
lol, i will hold my short thanks.

Didn't you hear me? I said to never NOT buy bitcoins.

lol!

good advice

but every once in a while you should sell some bitcoins, so you can buy back lower or have some money to buy in on a really good crash
420
hero member
Activity: 756
Merit: 500
some walls are still up

but I was the first to predict it on here:

I smell a bear trap
hero member
Activity: 518
Merit: 500
IT WAS A TRAP!!    O_O
wall is gone.
I guess its time to panic buy.
lol, i will hold my short thanks.

Didn't you hear me? I said to never NOT buy bitcoins.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
IT WAS A TRAP!!    O_O
wall is gone.
I guess its time to panic buy.
lol, i will hold my short thanks.
hero member
Activity: 518
Merit: 500
IT WAS A TRAP!!    O_O

Trololoolol

One day people will learn to never not buy bitcoins. One day.
legendary
Activity: 1204
Merit: 1000
฿itcoin: Currency of Resistance!
IT WAS A TRAP!!    O_O
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
High prices means less distribution.

Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them.

If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more!

If more people become interested in Bitcoin and purchase them, the price will go down.

Does any of this make any sense?  Shocked

I dont get it. I'd say the inverse is true. Not many people had them at the beginning, but they each had alot. As the price rises, people are incentivized to take profits and sell, thereby increasing distribution. Additionally, as the economy grows, so does the distribution.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Time for $8.47.  Grin

Not sure what god you worship, but I'd look into getting a new one.

LMAO!

I love smoothie, he so desperately wants to buy back in, with bitcoin profits  Grin
hero member
Activity: 518
Merit: 500
Time for $8.47.  Grin

Not sure what god you worship, but I'd look into getting a new one.
420
hero member
Activity: 756
Merit: 500
High prices means less distribution.

Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them.

If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more!

If more people become interested in Bitcoin and purchase them, the price will go down.

Does any of this make any sense?  Shocked

It could be the Gin and Tonic talking at this time of night...but it sorta does.

But I think you are not taking into account the high divisibility of BTC.  If BTC become worth $1million USD each (not saying they are, just as an example) a few people will hold 10,000 BTC but people could still buy/sell/trade in BTC without to many problems since they could effectively spend .000005BTC.  I'm not sure how, but this seems important. HMMMM

how would the fees stack up then?

currently .0005 is only 7 tenths of a cent $
hero member
Activity: 518
Merit: 500
High prices means less distribution.

Back when Bitcoin was trading for .07 dollars each, many people had them! Now that they are trading for more than $10 each, very few people have them.

If the price continues to rise, large holders of Bitcoin will purchase even more Bitcoins, making them less distributed. The more expensive they become, the easier it is to hold more!

If more people become interested in Bitcoin and purchase them, the price will go down.

Does any of this make any sense?  Shocked

It could be the Gin and Tonic talking at this time of night...but it sorta does.

But I think you are not taking into account the high divisibility of BTC.  If BTC become worth $1million USD each (not saying they are, just as an example) a few people will hold 10,000 BTC but people could still buy/sell/trade in BTC without to many problems since they could effectively spend .000005BTC.  I'm not sure how, but this seems important. HMMMM
sr. member
Activity: 504
Merit: 250
Sure it make sense, like when Soros decided Gold was to cheap at 300/ounce and began buying. And you know, the world is never gonna run out of USD
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