have a look a at intersango
the GBP buying is out of control
i think it all the people who are scared intersango is going to default (since GBP withdrawls are still blocked )
combined with everyone whose needed coins the last 3 weeks when the 3 stoges were on holiday and interango
was unoperational
if i had anything deposited there ,i would join them and withdraw it ASAFP!
Topic: Who is buying expensive bitcoins? - page 2. (Read 6154 times)
Buy now, we ain't going back down soon.
You heard it from the mouth of a bear.
You heard it from the mouth of a bear.
You just have a bear as avatar which doesn't make you a bear.
Good point, it was on intersango too though and no one has been getting money into there for a while now, I'd guess there was something between 1/2 an 1 million dollars in large lump sums yesterday, mostly on gox though.
To be correct on Gox orderbook there is $2.1M - $2.2M against 100k BTC for last 24 hours, an this relation is not changed much during last rise from 10.5 to 11.
It's across all major exchanges and every currency, doubt this is a buy in.
Arbitrage traders even the market price if there is a large buy in on one exchange.
If my calculations are correct then Pirate needs to buy at least 3k BTC per day.
That's about 5% of the trade volume on Mt. Gox.
That's about 5% of the trade volume on Mt. Gox.
Actually Pirate does not need to buy anything to pay interest to his lenders, he can just use the funds of new loans coming in, at least till the influx of new funds declines significantly, like a market saturation would cause. Dont know if we are there yet.
That sounds an awful lot like a ponzi scheme - using an increasing amount of new users to make payments to existing users.
If my calculations are correct then Pirate needs to buy at least 3k BTC per day.
That's about 5% of the trade volume on Mt. Gox.
That's about 5% of the trade volume on Mt. Gox.
Actually Pirate does not need to buy anything to pay interest to his lenders, he can just use the funds of new loans coming in, at least till the influx of new funds declines significantly, like a market saturation would cause. Dont know if we are there yet.
Not much to add to what was already told here. All I can tell with certainty: it's not me.
As for the theories:
As for the theories:
- someone needs lots of coins right away. For example, to pay people out.
- someone believes the market will remain bullish, and wants to get on in ASAP
- someone wants to cause panic buying based on the previous point. Pump and dump.
2 probably but this how bubles are formed... does the dynamics of increase support this?
3 it is only guessing but also probable (but I am actually do not support it) recen events prooved that participants are not nervous
1 this would be really interesting and preferable, but here come main difficulties - for example as I personally would accept payment in bitcoins over bank transfers from my foriegn partners to avoid bank fees, to avoid taxes on my partners side, to avoid taxes on my side, not to show any business at all
But this reasons mostly will not be supported by my partners - they have well esteblished business and the do not want to have any problems with tax authorities. So at current moment they still prefer paying bank fees and taxes.
So what business can accept business operations in big sums in bitcoins? Does anyone have successful examples of such business transfers? What was your experience and how did you convince your partners to abandone banking system and taxes and move operations to bitoins?
Buy now, we ain't going back down soon.
You heard it from the mouth of a bear.
You heard it from the mouth of a bear.
No one anywhere is buying high.
- someone needs lots of coins right away. For example, to pay people out.
- someone believes the market will remain bullish, and wants to get on in ASAP
- someone wants to cause panic buying based on the previous point. Pump and dump.
So whatever it is, a trainwreck is imminent.
Interesting, it makes sense.
Anyone here is buying high?
Not much to add to what was already told here. All I can tell with certainty: it's not me.
As for the theories:
As for the theories:
- someone needs lots of coins right away. For example, to pay people out.
- someone believes the market will remain bullish, and wants to get on in ASAP
- someone wants to cause panic buying based on the previous point. Pump and dump.
Why someone need to buy in big chunks and influencing the price up in quick moves
instead be patient and buy in small chunks cheapper but longer in time?
who is in a hurry?
thanks
instead be patient and buy in small chunks cheapper but longer in time?
who is in a hurry?
thanks
Translation: "Slow down so I can buy cheap bitcoins too."
Funny translation
But I will not buy at this price
Although, I am interested in understanding how to buy/sell wise taking the most good price at any current market conditions.
I believe that patience in ralatively stable trend conditions can help extract good price while selling or buying over just simple unload of big order, causing even panic.
Why someone need to buy in big chunks and influencing the price up in quick moves
instead be patient and buy in small chunks cheapper but longer in time?
who is in a hurry?
thanks
instead be patient and buy in small chunks cheapper but longer in time?
who is in a hurry?
thanks
Translation: "Slow down so I can buy cheap bitcoins too."
If my calculations are correct then Pirate needs to buy at least 3k BTC per day.
That's about 5% of the trade volume on Mt. Gox.
That's about 5% of the trade volume on Mt. Gox.
I was just wondering,
is this new money that is buying btc
or the money that has been sitting on exchanges for a while , waiting for a trigger ?
is this new money that is buying btc
or the money that has been sitting on exchanges for a while , waiting for a trigger ?
to participate and encourage others in panic buying.
Also since most trading rules suggest entry after some previous high is surpassed it becomes a self-fullfilling prophecy. Then it depends on somebody with alot of coins to shoot it down.
Also since most trading rules suggest entry after some previous high is surpassed it becomes a self-fullfilling prophecy. Then it depends on somebody with alot of coins to shoot it down.
Why someone need to buy in big chunks and influencing the price up in quick moves
instead be patient and buy in small chunks cheapper but longer in time?
who is in a hurry?
thanks
instead be patient and buy in small chunks cheapper but longer in time?
who is in a hurry?
thanks
if you think this is expensive, wait til you see the result of the reward drop...
Why someone need to buy in big chunks and influencing the price up in quick moves
instead be patient and buy in small chunks cheapper but longer in time?
who is in a hurry?
thanks
instead be patient and buy in small chunks cheapper but longer in time?
who is in a hurry?
thanks
Translation: "Slow down so I can buy cheap bitcoins too."
Why someone need to buy in big chunks and influencing the price up in quick moves
instead be patient and buy in small chunks cheapper but longer in time?
who is in a hurry?
thanks
instead be patient and buy in small chunks cheapper but longer in time?
who is in a hurry?
thanks
Jump to: