Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21253927 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
atp1916
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July 02, 2014, 04:20:25 PM

I love how bitcoiners want to spend hours and hours analyzing this auction and the buyer, when there's 1000% chance that Tim Draper will do absolutely nothing but sit on these 30K coins for the next 6-12 months while he further invests to build out the third world exchange infrastructure.   Roll Eyes

I believe this is exactly what he'll do.  Why in the heck would he dump at or below market rates when he bought way above market rates?

He's a VC.  They hold and invest.
Yes exactly.  I guess everyone else that still wants to debate the stupid "dumping" scenario is just trapped in that movie Idiocracy.

Yep - the dumping scenario is so stupid because it's just simply illogical and lacking of common sense wrt to the pure enthusiasm/momentum that VCs are demonstrating toward Bitcoin as a whole. Did anyone expect these VC types not to throw up a fight for these coins?  Buying 30k coins below market rates and then dumping on an exchange at market rates?  Really?  

Have people forgotten about the hundreds of millions worth of VC money that has been put toward the Bitcoin ecosystem and that only a small fraction of that is needed to secure all of these coins?

FUD'rs will be FUD'rs i guess.

I know i'm tooting my own horn here, I called it on the 25th: https://bitcointalk.org/index.php?topic=178336.msg7504088#msg7504088
Quote
Does anyone actually think that Barry and co. are gonna let the unkowns (dumpers) walk off with these coins without a fight?  

This auction will turn out to be a 30k coin pump, mark my words.

I'll say this now, that the rest of the SR coins will go in like manner...above market value and won by VCs.