Why all those investments and good news don't change the price

Odalv

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Quote from: samson on May 21, 2013, 04:35:24 PM

Quote from: fitty on May 21, 2013, 06:03:56 AM

Why don't you go spend $1M and move the price to $125?

Oh you mean why don't other people go spend $1M buying Bitcoins? Demand goes up and down. None of the stories have made someone go "1M market buy order, done!".

LOL, there was a $1 Million order which appeared to be split into 2 or 3 separate market buys on Friday which did push the price above $125 for a bit.

It failed and here we are.

sell sell sell (you can buy @ $1,90)

samson

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Quote from: fitty on May 21, 2013, 06:03:56 AM

Why don't you go spend $1M and move the price to $125?

Oh you mean why don't other people go spend $1M buying Bitcoins? Demand goes up and down. None of the stories have made someone go "1M market buy order, done!".

LOL, there was a $1 Million order which appeared to be split into 2 or 3 separate market buys on Friday which did push the price above $125 for a bit.

It failed and here we are.

bitcodo

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Quote from: smoothie on May 21, 2013, 03:10:40 PM

All I am going to say is don't get left behind.

In January of this year after being a short term bear from December, I bought back in at $13.44 and have never looked back.

Yes I made a few sells here and there to fund projects etc. But given the fundamentally sound interest in people from the conference and the fact that new users are coming in everyday, don't get left behind.

I would like to read about your projets and good conference vibes.
Or are you just joking?

smoothie

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LEALANA Bitcoin Grim Reaper

All I am going to say is don't get left behind.

In January of this year after being a short term bear from December, I bought back in at $13.44 and have never looked back.

Yes I made a few sells here and there to fund projects etc. But given the fundamentally sound interest in people from the conference and the fact that new users are coming in everyday, don't get left behind.

alexeft

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Quote from: fitty on May 21, 2013, 06:03:56 AM

We're up 900% YTD. And people are complaining about a few weeks of stability? On behalf of Bitcoin, I'm sorry we're not 2000% YTD, you'll have to survive on just 900% for now.

Very well said! Wink

ThatDGuy

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Quote from: Hyena on May 21, 2013, 09:16:04 AM

This comparison is pretty much what bitcoin's "new heights" have been and will be:
http://www.youtube.com/watch?v=HEheh1BH34Q

I would say we are currently at the size of our Sun.

Hoping you're right - let's drive this mother all the way to VY Canis Majoris!!!

Hyena

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This comparison is pretty much what bitcoin's "new heights" have been and will be:
http://www.youtube.com/watch?v=HEheh1BH34Q

I would say we are currently at the size of our Sun.

Coinseeker

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Quote from: Miz4r on May 21, 2013, 06:23:21 AM

It's a bull vs bear standoff. Bulls are holding bitcoins and are waiting for the price to rise, and bears are waiting with fiat for the price to go down. That's why volume is so low, everyone is waiting for the other side to give up hope and cave in. I think bulls have the advantage here, it's easier and safer to hold bitcoins on the exchanges right now.

Probably this^^^

Although I wouldn't say it's "safe" to hold anything on an exchange.

bitcodo

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21M$ on gox order book. Don't see it as people took money from gox.

I don't mind stability and I can't change the price with few K$, but still I find it weird.

ronaldlee0917

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I enjoy this period of stability, making a daily 0.5% gain by day-trading comfortably is not out of reach.

niothor

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in defi we trust

Quote from: Miz4r on May 21, 2013, 06:23:21 AM

It's a bull vs bear standoff. Bulls are holding bitcoins and are waiting for the price to rise, and bears are waiting with fiat for the price to go down. That's why volume is so low, everyone is waiting for the other side to give up hope and cave in. I think bulls have the advantage here, it's easier and safer to hold bitcoins on the exchanges right now.

As always there is another view in any speculation.
Because it's not safe to keep fiat in exchanges as you said , probably the bears hold their fiat in their banks , so when the price skyrockets...nobody will have cash to buy so.. it won't skyrocket.

But in general I agree with you , people are waiting , and I want them to wait 4 another few months. A bit of stability in bitcoin price is all a merchant wants.

slothbag

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I think a lot of people probably moved funds out of Mtgox when the account seizure was announced.. i'm very cautious to leave funds on Mtgox right now.

blackreplica

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It was the big sellers that caused the crash, and it will be the big buyers that rally the price. The whales are watching and have their orders queued, but no one wants to transact at or near market price. Small fish like us just stand and watch. It's a standoff.

Miz4r

legendary

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It's a bull vs bear standoff. Bulls are holding bitcoins and are waiting for the price to rise, and bears are waiting with fiat for the price to go down. That's why volume is so low, everyone is waiting for the other side to give up hope and cave in. I think bulls have the advantage here, it's easier and safer to hold bitcoins on the exchanges right now.

bitcodo

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If I had 1M$ I would invest it in exchange and take market share from gox and others. So I would own a company, not BTC or some shitcoin or something. That is what I wanted to say in first post. Investors invest in company not in coin itself.

I sold my coins and with half the money I will buy a some land to grow vegetables. Half of money in waiting in Bitstamp.

It is just funny - if all those news were few months ago, we would skyrocket instantly.

niothor

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in defi we trust

Quote from: bitcodo on May 21, 2013, 03:40:47 AM

What do your think?

IMO this is because they invest in the entire industry, and not in bitcoin itself (analogy: Investments in TV industry, and not in black&white CRT TVs. TV industry is huge, but nobody uses old devices).

Bitcoin was great, but i think something better will emerge.

Because you all expect somebody else to raise the price.
Spend your bitcoins and buy them back this is how you can drive the price also.

But 99% are hoarding coins and waiting for another bubble to sell and after that to buy cheap and so on....
In this case why not collecting stamps?

Zaih

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It's coming my friend.. It's coming Grin

Patience is the key you know.

fitty

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CryptoTalk.Org - Get Paid for every Post!

Why don't you go spend $1M and move the price to $125?

Oh you mean why don't other people go spend $1M buying Bitcoins? Demand goes up and down. None of the stories have made someone go "1M market buy order, done!". That's not that outragous. And there's been plenty of VC money going into Bitcoin, it is the new tech. Doesn't mean there's millions just waiting to buy up Bitcoins. It comes and goes, stability/sideways action is seen as a bullish sign. Relax everything is fine.

We're up 900% YTD. And people are complaining about a few weeks of stability? On behalf of Bitcoin, I'm sorry we're not 2000% YTD, you'll have to survive on just 900% for now.

bitcodo

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What do your think?

IMO this is because they invest in the entire industry, and not in bitcoin itself (analogy: Investments in TV industry, and not in black&white CRT TVs. TV industry is huge, but nobody uses old devices).

Bitcoin was great, but i think something better will emerge.

Topic: Why all those investments and good news don't change the price (Read 1634 times)