Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[kkaspar]

Yeah, coins finally arrived at BTC-E.. now to wait for the pre-pump that happens before the news, so I can sell before everyone discovers that the "important news" is just to endorse their own service. LTC pumps seem weak and a slow drop is currently more probable.
It's scary to hold fiat at BTC-E tho.. have to wait for an quiet night to sneak back to stamp.

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[JayJuanGee]

People depositing to BTC-E. When will you learn.

Depositing in bitcoin seems to work pretty well, and pretty quickly...     Though, yes, that seems to be a different story.

[Vigil]

Some have suggested that the news is the launch of Blockchain.com, a site the service teased in early February, but it’s simply too soon to tell.

http://newsbtc.com/2014/03/04/blockchain-info-ceo-nic-cary-appear-bloomberg-tv-news-bitcoin/


Sean Percival says "Not Yet." So this may not be the Blockchain.com announcement.

https://twitter.com/ErikSchatzker/status/440852040932003840

[Erdogan]

But then, what is "honorable" about bitcoin?

The honorable thing is to allow yourself and others to have sound money. You, on the other hand, prefer to stay uninformed and shamelessly perpetuate your desinformation. It feels safer to go with the thugs, I guess.

[dreamspark]

I do agree that gox coins are being replaced at the moment, however I think it would be easy to over estimate how many coins are being replaced for a number of reasons;

1) out of the 750,000 customer coins I guarantee a good portion are early adopters, these are the people who saw the potential earlier fully beleived in btc and didn't sell or trade any. These accounts will also have a significant more % of the total coins.

2) People dont tend to loose life changing amounts of money and then jump back out and throw more money at  it.

3) From the issues that mtgox had with trying to spend coinbase coins (< 100 confirmations) we can see that a lot of miners mined straight to their gox accounts. They are unlikely to go and buy more coins they will just carry on mining.

4) There are the people also who had literally all their money in btc and simply cant buy back any.

This is obviously mitigated by the fact that a small percentage of coins are actually traded or on exchanges at any one time and even if 10% of the gox coins are replaced thats going to cause a good surge in the market.

[gentlemand]

Bloomberg = https://rtbtc.com maybe?

Now branded as Zeroblock trading platform.

[kkaspar]

But then, what is "honorable" about bitcoin?

The honorable thing is to allow yourself and others to have sound money. You, on the other hand, prefer to stay uninformed and shamelessly perpetuate your desinformation. It feels safer to go with the thugs, I guess.

Money thats value is held up mostly by a group of unknown people, who are in all probability former drug dealers, crackers or confidence men. The value is held up by those people and their decisions whether to dump their coins on the market or not.
This is the definition of sound money in the cult of bitcoin

[Ivanhoe]

It begins ladies :http://www.bloomberg.com/tv/

[JayJuanGee]

Rpietila, I am keen to hear what your predictions are for the next week or so ?

I cannot predict such short timespans.

The biggest market mover is the people who thought they had bitcoins in Mt.Gox. When they replace (which I believe is going on), the price can rise a lot. We are talking about 100,000s of coins of extra demand.

That seems to be a pretty wimpy explanation... NO HATING... but it remains fairly unclear the extent that Mt. Gox coinholders are going to replace their coins, though possibly, they may replace a fraction of their coins - if they have fiat to accomplish such replacement.  

There seems to be a lot more going on in the bitcoin sphere that will be driving up demand for bitcoin, besides the potential replacement of GOX coins.  First is that we have a greater clarification of the GOX situation and Second, there has been a lot of BTC network building over the last several months - creating a sort of pent up demand...  - fiat waiting on the sidelines b/c of China in December and January and then GOX in February.  

In other words, we are likely bound for choo choo territory... first to the 800 to 1000 arena within the next week or two, and then maybe after lingering in the 800-1000 arena for a few months later, with  the next 3 months or so the $1500 plus arena....

[dreamspark]

Bloomberg = https://rtbtc.com maybe?

Now branded as Zeroblock trading platform.

That actually looks pretty sweet.

[Erdogan]

But then, what is "honorable" about bitcoin?

The honorable thing is to allow yourself and others to have sound money. You, on the other hand, prefer to stay uninformed and shamelessly perpetuate your desinformation. It feels safer to go with the thugs, I guess.

Money thats value is held up mostly by a group of unknown people, who are in all probability former drug dealers, crackers or confidence men. The value is held up by those people and their decisions whether to dump their coins on the market or not.
This is the definition of sound money in the cult of bitcoin

How can you defend yourself being involved i such a vicious thing? I guess you are grossly unethical, both of you.

[Vigil]

Rpietila, I am keen to hear what your predictions are for the next week or so ?

I cannot predict such short timespans.

The biggest market mover is the people who thought they had bitcoins in Mt.Gox. When they replace (which I believe is going on), the price can rise a lot. We are talking about 100,000s of coins of extra demand.

That seems to be a pretty wimpy explanation... NO HATING... but it remains fairly unclear the extent that Mt. Gox coinholders are going to replace their coins, though possibly, they may replace a fraction of their coins - if they have fiat to accomplish such replacement.  

There seems to be a lot more going on in the bitcoin sphere that will be driving up demand for bitcoin, besides the potential replacement of GOX coins.  First is that we have a greater clarification of the GOX situation and Second, there has been a lot of BTC network building over the last several months - creating a sort of pent up demand...  - fiat waiting on the sidelines b/c of China in December and January and then GOX in February.  

In other words, we are likely bound for choo choo territory... first to the 800 to 1000 arena within the next week or two, and then maybe after lingering in the 800-1000 arena for a few months later, with  the next 3 months or so the $1500 plus arena....

I think we might top out at $800 and then drop down once more to the $500 level before a long upward trend to an ATH.

[cbutters]

Feels like a new US based bitcoin exchange?

[FTWbitcoinFTW]

"a new venture"

[cdooer]

Bloomberg = https://rtbtc.com maybe?

Now branded as Zeroblock trading platform.

Nice call.

[Hodlor]

So in the preview they mentioned that it's about a new blockchain.info venture that will apparently excite investors..

[KeyserSoze]

It begins ladies :http://www.bloomberg.com/tv/

Hopefully there will be lots of Oscar coverage. I just can't gets me enough actor worship.

[Dragonkiller]

ffs hurry up

[kkaspar]

But then, what is "honorable" about bitcoin?

The honorable thing is to allow yourself and others to have sound money. You, on the other hand, prefer to stay uninformed and shamelessly perpetuate your desinformation. It feels safer to go with the thugs, I guess.

Money thats value is held up mostly by a group of unknown people, who are in all probability former drug dealers, crackers or confidence men. The value is held up by those people and their decisions whether to dump their coins on the market or not.
This is the definition of sound money in the cult of bitcoin

How can you defend yourself being involved i such a vicious thing? I guess you are grossly unethical, both of you.

I must confess that I am quite unethical when earning with bitcoin. I'll try to balance my lack of ethics with general honesty
As I have understood then Jorge is actually ethical and he is not earning any money with bitcoin. Can't say the same thing about me tho..

[damnek]

It begins ladies :http://www.bloomberg.com/tv/

Hopefully there will be lots of Oscar coverage. I just can't gets me enough actor worship.

lol