Who owns bitcoin? - GoFuckYourself.com

unimatrix0 · 11-17-2013, 11:18 AM

I know about bitcoin since it was a project and was trading for a cent.
Now I see the price increased to 500 USD. In real world, you would be stupid not to sell.
But I see very litle transactions at this price. So, the question is who oun bitcoin. Not a few bitcoins, but millions of them?
The math is very simple. You own millions of bitcoins that you bought at 1, 2, up to 40 USD. You cannot sel them at curent price, because the market will crash.
But if you increase their value to as much as posible, you will have billions of virtual dollars in bitcoin.
I know that there are a few people owning the bitcoin economy. A person owned 500.000 btc on mtgox when it was hacked. Then an investment found also bought a few millions btc.
So, how do you think this investors will exit without destroing the btc value?
The investment found said they will create a trading platform to bet on bitcoin. Witch is great, except they own the bitcoin so is like betting against the table on the casino. You might win some, but in the long run you will loose.
What other strategy do you imagine for this investors to monetizeze their bitcoin stock?

Harmon · 11-17-2013, 11:20 AM

Nobody owns it. I'm guessing all of the bit-tards will think of it like the stock market. They will go up/down and you buy accordingly... the problem is that there is nothing tangible on the back end. NOTHING.

DutchTrafficService · 11-17-2013, 11:22 AM

Quote:

Originally Posted by Harmon

the problem is that there is nothing tangible on the back end. NOTHING.

I think you mean the USD (and other fiat currencies), not bitcoin.

Harmon · 11-17-2013, 11:26 AM

Quote:

Originally Posted by DutchTrafficService

I think you mean the USD (and other fiat currencies), not bitcoin.

Although I can agree with your analogy, what do you get with bitcoin ownership? An email? At least the USD has FDIC

unimatrix0 · 11-17-2013, 11:26 AM

Quote:

Originally Posted by Harmon

Nobody owns it. I'm guessing all of the bit-tards will think of it like the stock market. They will go up/down and you buy accordingly... the problem is that there is nothing tangible on the back end. NOTHING.

When a few people own over 70% of bitcoins. they own bitcoin.
You really think there are many people owning significant amount of bitcoins?

Harmon · 11-17-2013, 11:27 AM

http://techland.time.com/2013/11/12/...public-hacked/

CAHEK · 11-17-2013, 11:28 AM

500$ per bitcoin

Penny24Seven · 11-17-2013, 11:30 AM

sold a lot not long ago and might sell most of what is left. Going to keep at least 100 just for the hell of it

L-Pink · 11-17-2013, 11:35 AM

Quote:

Originally Posted by Harmon

http://techland.time.com/2013/11/12/...public-hacked/

First comment:

"There is a speculation that it was the owner of the exchange server... Funny thing that the same guy owns a very popular weed forum called grower.cz.... I dont know who could trust this pot smoking guy with bitcoins?"

.

Penny24Seven · 11-17-2013, 11:35 AM

That silk road dude had 33 million in bitcoin taken from him. It is probably worth well over 40 million now

Harmon · 11-17-2013, 11:52 AM

Quote:

Originally Posted by Brian837

That silk road dude had 33 million in bitcoin taken from him. It is probably worth well over 40 million now

What's your fucking point?

Fucking clown.

unimatrix0 · 11-17-2013, 11:53 AM

Look at Mtgox stats. It passed the psihological 500$ with only 2700 btc in transactions.
I would expect a lot more to be sold at that price, but the reality is there are just a few people owning significant amount of btc.
This people know they will crash the market if they will sell significant amount of btc . They actually buy as much btc as they can. The real question now is how they will transform their btc stash in real cash without crashing the market.

Penny24Seven · 11-17-2013, 11:54 AM

Quote:

Originally Posted by Harmon

What's your fucking point?

Fucking clown.

point is it sucks to be him. I cannot remember what it was at when taken and figured some bitboy would clue in. Look who I am talking to though lol

Harmon · 11-17-2013, 11:56 AM

Quote:

Originally Posted by unimatrix0

Look at Mtgox stats. It passed the psihological 500$ with only 2700 btc in transactions.
I would expect a lot more to be sold at that price, but the reality is there are just a few people owning significant amount of btc.
This people know they will crash the market if they will sell significant amount of btc . They actually buy as much btc as they can. The real question now is how they will transform their btc stash in real cash without crashing the market.

If you know so much, why ask the fucking questions to begin with? Do you want us to stoke your little yellow baby dick?

Fucking gook.

CAHEK · 11-17-2013, 01:01 PM

freecartoonporn · 11-17-2013, 01:02 PM

Quote:

Originally Posted by unimatrix0

Look at Mtgox stats. It passed the psihological 500$ with only 2700 btc in transactions.
I would expect a lot more to be sold at that price, but the reality is there are just a few people owning significant amount of btc.
This people know they will crash the market if they will sell significant amount of btc . They actually buy as much btc as they can. The real question now is how they will transform their btc stash in real cash without crashing the market.

i still dont get the what are they mining and why is it so valuable ? unless they are using this much cpu power for something profitable.?

there are sites where you could sell your cpu power...

rowan · 11-17-2013, 08:49 PM

Quote:

Originally Posted by Brian837

That silk road dude had 33 million in bitcoin taken from him. It is probably worth well over 40 million now

Saw mention that if the feds are able to recover the key they're going to sell off the BTC. Hopefully not all at once...

Zuzana Designs · 11-17-2013, 08:55 PM

I ownz some bitcoins and it's been a great investment so far.

L-Pink · 11-17-2013, 09:00 PM

Quote:

Originally Posted by rowan

Saw mention that if the feds are able to recover the key they're going to sell off the BTC. Hopefully not all at once...

He'll give it to them.

dave90210 · 11-17-2013, 09:42 PM

People with large amounts of coin will sell small amounts at a time to keep the market staple!

420 · 11-17-2013, 10:17 PM

Quote:

Originally Posted by rowan

Saw mention that if the feds are able to recover the key they're going to sell off the BTC. Hopefully not all at once...

They can't sell until the guy is proven guilty.

11-17-2013, 11:18 AM	#1
unimatrix0 Registered User Join Date: Jul 2008 Posts: 51	Who owns bitcoin? I know about bitcoin since it was a project and was trading for a cent. Now I see the price increased to 500 USD. In real world, you would be stupid not to sell. But I see very litle transactions at this price. So, the question is who oun bitcoin. Not a few bitcoins, but millions of them? The math is very simple. You own millions of bitcoins that you bought at 1, 2, up to 40 USD. You cannot sel them at curent price, because the market will crash. But if you increase their value to as much as posible, you will have billions of virtual dollars in bitcoin. I know that there are a few people owning the bitcoin economy. A person owned 500.000 btc on mtgox when it was hacked. Then an investment found also bought a few millions btc. So, how do you think this investors will exit without destroing the btc value? The investment found said they will create a trading platform to bet on bitcoin. Witch is great, except they own the bitcoin so is like betting against the table on the casino. You might win some, but in the long run you will loose. What other strategy do you imagine for this investors to monetizeze their bitcoin stock?

11-17-2013, 11:20 AM	#2
Harmon ( ͡ʘ╭͜ʖ╮͡ʘ) Industry Role: Join Date: Mar 2004 Posts: 20,010	Nobody owns it. I'm guessing all of the bit-tards will think of it like the stock market. They will go up/down and you buy accordingly... the problem is that there is nothing tangible on the back end. NOTHING. __________________ [email protected]

11-17-2013, 11:27 AM	#6
Harmon ( ͡ʘ╭͜ʖ╮͡ʘ) Industry Role: Join Date: Mar 2004 Posts: 20,010	http://techland.time.com/2013/11/12/...public-hacked/ __________________ [email protected]

11-17-2013, 11:28 AM	#7
CAHEK C.C.C.P. Industry Role: Join Date: Aug 2003 Location: Novorossiya Posts: 7,092	500$ per bitcoin __________________ Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

11-17-2013, 11:30 AM	#8
Penny24Seven So Fucking What Industry Role: Join Date: Jun 2007 Location: USA Posts: 6,287	sold a lot not long ago and might sell most of what is left. Going to keep at least 100 just for the hell of it __________________ Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

11-17-2013, 11:35 AM	#10
Penny24Seven So Fucking What Industry Role: Join Date: Jun 2007 Location: USA Posts: 6,287	That silk road dude had 33 million in bitcoin taken from him. It is probably worth well over 40 million now __________________ Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

11-17-2013, 11:53 AM	#12
unimatrix0 Registered User Join Date: Jul 2008 Posts: 51	Look at Mtgox stats. It passed the psihological 500$ with only 2700 btc in transactions. I would expect a lot more to be sold at that price, but the reality is there are just a few people owning significant amount of btc. This people know they will crash the market if they will sell significant amount of btc . They actually buy as much btc as they can. The real question now is how they will transform their btc stash in real cash without crashing the market.

11-17-2013, 01:01 PM	#15
CAHEK C.C.C.P. Industry Role: Join Date: Aug 2003 Location: Novorossiya Posts: 7,092	__________________ Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

11-17-2013, 08:55 PM	#18
Zuzana Designs All Your Design Needs Industry Role: Join Date: Feb 2005 Location: [email protected] Posts: 20,860	I ownz some bitcoins and it's been a great investment so far. __________________ Website Design - Consulting - Development sarah [at] zuzanadesigns.com - See Our Work

11-17-2013, 09:42 PM	#20
dave90210 Registered User Join Date: Mar 2007 Posts: 1,745	People with large amounts of coin will sell small amounts at a time to keep the market staple!