We have become cautious | Bitcointalksearch.org

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Mieehayii on June 05, 2015, 04:31:17 AM

the most likely dumping whales are bitbay, coinbase etc bitcoin payments copmanies, they need fiat.

You mean BitPay? No they are not. They said they are not there are many threads about it on sixths forum. You need to double check your sources. They sell their BTC on OTC.

spud21

sr. member

Activity: 342

Merit: 250

Quote from: Cluster2k on June 05, 2015, 12:59:21 AM

The gamblers in China piled into their local share markets over the past year. They pulled money out from somewhere, and bitcoin has probably lost some money too. Why keep your money in bitcoins when some Chinese stocks are rising 10% per day?

As soon as those gamblers get burned we may see some return to bitcoin, assuming they weren't burned the first time around when bitcoin fell ~80% from $1k+.

They already got burned a week ago and have no money left to invest in Bitcoin. Last week the Shanghai Composite dropped over 11% in a day, and had the biggest 2-day drop since August 2009.

Apparently it was mostly due to a Ponzi scheme run by Li Hejun, who was one of China's richest men before a dodgy company/Ponzi scheme he was involved with crashed.

http://www.zerohedge.com/news/2015-05-28/chinese-stocks-are-crashing

Mieehayii

hero member

Activity: 490

Merit: 500

the most likely dumping whales are bitbay, coinbase etc bitcoin payments copmanies, they need fiat.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Fabrizio89 on June 05, 2015, 12:30:50 AM

Everyone is waiting for others to buy and make them rich, the ultimate ponzi mentality, point is that won't happen how people expect it to. If we have to go up it will be very slowly and choppy, dangerous and painful to watch.

in the end some of those will really becomes rich, especially those that are holding like no tomorrow, at the next skyrocketing of bitcoin, those people will enjoy their new rich life, so it worth a shoot

Cluster2k

legendary

Activity: 1692

Merit: 1018

The gamblers in China piled into their local share markets over the past year. They pulled money out from somewhere, and bitcoin has probably lost some money too. Why keep your money in bitcoins when some Chinese stocks are rising 10% per day?

As soon as those gamblers get burned we may see some return to bitcoin, assuming they weren't burned the first time around when bitcoin fell ~80% from $1k+.

not altcoin hitler

member

Activity: 212

Merit: 22

Amazix

Thanks to 20MB madness and Gavins' numbness Bitcoin is done. Other coins have higher tps and more decentral network.
When hashrate for Bitcoin plummets and skyrockets for other coins you'll say "i should have sold yesterday"

Fabrizio89

hero member

Activity: 924

Merit: 1000

Everyone is waiting for others to buy and make them rich, the ultimate ponzi mentality, point is that won't happen how people expect it to. If we have to go up it will be very slowly and choppy, dangerous and painful to watch.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: spud21 on June 03, 2015, 11:47:19 AM

Quote from: randy8777 on June 02, 2015, 10:32:57 PM

i guess most people have already bought their coins and are waiting for the price to move forward. current price can stay like this or even go down further. weakest hands will probably get shaken out before moving up.

Is there a final batch of US Marshals silk road Bitcoins due to be ~~dumped~~ auctioned, or have they already ~~dumped~~ auctioned the lot? Quite often the price crashes a bit when they announce another aucton, and the last one was ages ago.

as far as i know all seized coins are already auctioned. people don't know if the coins are sold for a premium or below market price. that's mostly a reason for a small dump.

Jamacn

full member

Activity: 236

Merit: 100

Quote from: cafucafucafu on June 02, 2015, 06:27:11 PM

Because of the dumping whales, many of us have been very cautious in buying coins. We are scared that another dump will be incoming. I think caution will give way once the price stabilises for several months - even up to a year.

One day, he will be dump-fine as death=. And then, the bitcoins buy from whales are worthing Cool

ragi

hero member

Activity: 686

Merit: 500

Quote from: sdmathis on June 02, 2015, 08:19:23 PM

Please don't say that. When people start saying "Cheap Coins!!!" Or worse yet "Chomp, Chomp, Chomp," it's usually a very bad sign for the price.

Well the price it's not at its best right now... so we're good at the moment.

mrhelpful

legendary

Activity: 1456

Merit: 1002

Did KNCminers 9,000 btc dump?

I saw someones thread about them moving bitcoins, preparing for a possible sell off.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

DUMP your coins before it´s too late!

spud21

sr. member

Activity: 342

Merit: 250

Quote from: randy8777 on June 02, 2015, 10:32:57 PM

i guess most people have already bought their coins and are waiting for the price to move forward. current price can stay like this or even go down further. weakest hands will probably get shaken out before moving up.

Is there a final batch of US Marshals silk road Bitcoins due to be ~~dumped~~ auctioned, or have they already ~~dumped~~ auctioned the lot? Quite often the price crashes a bit when they announce another aucton, and the last one was ages ago.

Mudd

member

Activity: 78

Merit: 10

Quote from: cafucafucafu on June 02, 2015, 06:27:11 PM

Because of the dumping whales, many of us have been very cautious in buying coins. We are scared that another dump will be incoming. I think caution will give way once the price stabilises for several months - even up to a year.

Many of us haven't been cautious either. Most of us don't listen to nonsense about dumps that aren't going to happen and can see the bigger picture any way. Personally I buy coins every month regardless of coins and I think the price today will be irrelevant to the future potential value of btc.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Yeah people have become cautious, they've seen us nose dive from 1200 to low 200's.
The thing is though for any serious investor now is an ideal time to buy, why the hell would you buy at the top?
Any good trader buys at the bottom & takes advantage of all the weak people panicking.
Seriously I stand by bitcoin & now is a perfect time to buy, the current price is a steal & could be a great investment.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: cafucafucafu on June 02, 2015, 06:27:11 PM

Because of the dumping whales, many of us have been very cautious in buying coins. We are scared that another dump will be incoming. I think caution will give way once the price stabilises for several months - even up to a year.

Also, many people will sell way too early after having to wait so long.
$440 (for example) will look high, even though prices could be going much higher.

randy8777

legendary

Activity: 896

Merit: 1000

i guess most people have already bought their coins and are waiting for the price to move forward. current price can stay like this or even go down further. weakest hands will probably get shaken out before moving up.

sdmathis

hero member

Activity: 546

Merit: 500

AKA The Rubber Monkey

Quote from: Meuh6879 on June 02, 2015, 06:29:35 PM

CHEAAAAAP COINS ! Cheesy

Please don't say that. When people start saying "Cheap Coins!!!" Or worse yet "Chomp, Chomp, Chomp," it's usually a very bad sign for the price.

Meuh6879

legendary

Activity: 1512

Merit: 1012

buying ?

no ... we wait whales for this.

CHEAAAAAP COINS ! Cheesy

cafucafucafu

hero member

Activity: 812

Merit: 509

Because of the dumping whales, many of us have been very cautious in buying coins. We are scared that another dump will be incoming. I think caution will give way once the price stabilises for several months - even up to a year.

Topic: We have become cautious (Read 1483 times)