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

[simmo77]

8 red daily candles in a row.

 

It's interesting to go back and see the last time that happened on Stamp, and what happened shortly thereafter. 

[FlyingLotus]

For what it's worth:

Kraken’s Audit Proves it Holds 100% of All Bitcoins in Reserve
Bitcoin exchange Kraken has passed a cryptographically verifiable proof of reserves audit with flying colours.

The audit, which was carried out by Stefan Thomas on 11th and 22nd of March, proved that more than 100% of Kraken’s bitcoins are held in reserve.

The process was designed to allow the auditor to verify that the total amount of bitcoins held by Kraken matches the amount required to cover an anonymized set of customer balances.

http://www.coindesk.com/krakens-audit-proves-holds-100-bitcoins-reserve/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29

Edit: ah! beat me to it..

[TERA]

http://www.cryptocoinsnews.com/2014/03/24/monday-second-markets-barry-silbert-meet-250-billion-usd-worth-institutional-investors/

This could be big! 

Just the hype I was looking for to create another selling opportunity.

[chessnut]

http://www.cryptocoinsnews.com/2014/03/24/monday-second-markets-barry-silbert-meet-250-billion-usd-worth-institutional-investors/

This could be big! 

Just the hype I was looking for to create another selling opportunity.

....+1

Ill buy when I see an order for 250 Bil.... unltil then, sheep be sheep.

[tarmi]

http://www.cryptocoinsnews.com/2014/03/24/monday-second-markets-barry-silbert-meet-250-billion-usd-worth-institutional-investors/

This could be big!  

Just the hype I was looking for to create another selling opportunity.

er...check back a few pages...old news...already 'priced in'?

how do you price in stupid institutional questions like >

who controls it?
who owns it?

?

[rjp55]

http://www.cryptocoinsnews.com/2014/03/24/monday-second-markets-barry-silbert-meet-250-billion-usd-worth-institutional-investors/

This could be big! 

Just the hype I was looking for to create another selling opportunity.

You seem to be becoming quite cocky with your TA skills. Hope one day honey badger doesn't bite your you know what off.

[C. Bergmann]

Anyone know about lakebtc.com?

They have an impressive volume for a new exchange

http://bitcoincharts.com/markets/

They look very suspicious. In the Chinese forum they always claim they are "coming from Wall Street", and have been "dealing with derivatives 1000 times more complicated than BTC margin trading (offered by OkCoin and Huobi)"

.....

我们LakeBTC华尔街出身，比融资融币复杂1000倍的结构化衍生产品都做过无数，为

......

Maybe they are from wall street?
I wondered cause they operate since march and have a daily Dollar-volume of 4k. No word about them on bitcointalk and reddit, so they need to have some other fiat-sources (supposed they don't fake volume). This sharp rise and the operating outside this community can be a sign they have a direct link to big money

[el_rlee]

Anyone know about lakebtc.com?

They have an impressive volume for a new exchange

http://bitcoincharts.com/markets/

They look very suspicious. In the Chinese forum they always claim they are "coming from Wall Street", and have been "dealing with derivatives 1000 times more complicated than BTC margin trading (offered by OkCoin and Huobi)"

.....

我们LakeBTC华尔街出身，比融资融币复杂1000倍的结构化衍生产品都做过无数，为

......

Maybe they are from wall street?
I wondered cause they operate since march and have a daily Dollar-volume of 4k. No word about them on bitcointalk and reddit, so they need to have some other fiat-sources (supposed they don't fake volume). This sharp rise and the operating outside this community can be a sign they have a direct link to big money

They claim to be Shanghai based. Does anybody have a detailed address?

[TERA]

http://www.cryptocoinsnews.com/2014/03/24/monday-second-markets-barry-silbert-meet-250-billion-usd-worth-institutional-investors/

This could be big! 

Just the hype I was looking for to create another selling opportunity.

You seem to be becoming quite cocky with your TA skills. Hope one day honey badger doesn't bite your you know what off.

Bulls are equally or even more obnoxious during a rally with quotes like "haha look at all the idiot bears" and "nothing like the smell of burnt bear and the sound of bear tears in the morning", etc.

[mooncake]

Seems like Bitstamp is being DDOS. Something is brewing.

[JayJuanGee]

Mooncake... Is your point that people could gravitate over to an IMF -type coint.. yeah right.. no one is really going to have confidence in any government sponsored coin... so they would definitely have to be manipulative,  tricky and coercive in order to get people to adopt it.. but NO real people are really gonna trust it.. so bitcoin will still win over some kind of government sponsored alt coin.

Look at it objectively. There are broadly 3 groups of people with regards to bitcoin perception.
1. Do not know or can't be bothered;
2. Aware of it and stay on the sideline; and
3. True believer.
Now, assign a % to each of the group based on their relative number proportion.

Suppose IMF introduces its cryptocurrency tomorrow, only (3) will not support. Is the % of (3) sufficiently significant to be meaningful?

FYI, in the 1940s, the closest to a global central currency called the bancor was proposed though not implemented.
http://en.wikipedia.org/wiki/Bancor
This evolved to Special drawing rights in the 1970s.
http://en.wikipedia.org/wiki/Special_drawing_rights
In the future, can there be a global central currency? What would be the driving factors? What would be its form?

I'd also imagine the sheep would go with the 'official' currency but don't see that as the endgame, it would still have to compete with bitcoin on running costs but banks don't seem to understand efficiency and even if they do create a competitive system it would just make it easier to trade fiat-btc. That amplifies the banks biggest problem, all Bitcoin has to do is keep working and all the banks have to do is not screw up and that bet's a no brainer.

Yeah... I agree and the banks are always gonna want to skim a little bit... but they cannot accept that a little bit might work and be o.k... but inevitably they are going to get greedy to skim more and more and people will figure it out...

[cbutters]

does this look like a perfect double, nay tripple-bottom to anyone else?

[JayJuanGee]

Whoa 8 blocks in 25 minutes.

Is that 200 BTC? 25 per block these days?

[chessnut]

does this look like a perfect double, nay tripple-bottom to anyone else?

It needs more time if you ask me.

[tarmi]

does this look like a perfect double, nay tripple-bottom to anyone else?

It needs more time if you ask me.

and more volume.

this is just some guy dumping his coins down to 550.

maybe big asic farms? sam from knc, or valery and ghash?

I also saw a thread here on btt where bitmain was selling his 12k coins earned from s1.

so it doesnt matter really.

[FullLife]

Whoa 8 blocks in 25 minutes.

Is that 200 BTC? 25 per block these days?

Correct.

[jl2012]

Anyone know about lakebtc.com?

They have an impressive volume for a new exchange

http://bitcoincharts.com/markets/

They look very suspicious. In the Chinese forum they always claim they are "coming from Wall Street", and have been "dealing with derivatives 1000 times more complicated than BTC margin trading (offered by OkCoin and Huobi)"

.....

我们LakeBTC华尔街出身，比融资融币复杂1000倍的结构化衍生产品都做过无数，为

......

Maybe they are from wall street?
I wondered cause they operate since march and have a daily Dollar-volume of 4k. No word about them on bitcointalk and reddit, so they need to have some other fiat-sources (supposed they don't fake volume). This sharp rise and the operating outside this community can be a sign they have a direct link to big money

This is very typical Chinese-style bluffing. The now collapsed btc-gbl did in the same way

[roslinpl]

Whoa 8 blocks in 25 minutes.

Is that 200 BTC? 25 per block these days?

Correct.

Nice hashin...

[aminorex]

Our learning-impaired whale friend continues to dump.  Why he doesn't just sweep the bid stack down to zero, I do not know, because he obviously doesn't care how much money he leaves on the table. 

I will call him Dipstick.

[spooderman]

http://www.cryptocoinsnews.com/2014/03/24/monday-second-markets-barry-silbert-meet-250-billion-usd-worth-institutional-investors/

This could be big! 

Just the hype I was looking for to create another selling opportunity.

You seem to be becoming quite cocky with your TA skills. Hope one day honey badger doesn't bite your you know what off.

Bulls are equally or even more obnoxious during a rally with quotes like "haha look at all the idiot bears" and "nothing like the smell of burnt bear and the sound of bear tears in the morning", etc.

yes but bears exist everywhere else, gloating in the MSM everytime bitcoin has a bad day. We are the ones on the fringe who are trying to change the status quo. This is our domain. The bitcoin forum. People here who like to see bitcoin fail (in so much as the price falling) are truly bringing any criticism/gloating upon themselves.