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

[bitcoinsrus]

I was thinking about MTGox's 200,000 Bitcoins they found in that old wallet or whatever it is.  At some point the bankruptcy is going to sell those coins and dump them on the market in one big go turning them into FIAT.  There is no way I see them distributing out those coins as Bitcoins.  What will that do to the market?  If they released all 200,000+ coins at one time?  Seems to me that's exactly what they are going to do.

IF they decide to sell the coins, I expect that they will divide them into manageable lots, and auction them through some auctioning house.  I believe that would be the easiest way to get the best possible price for them. (The FBI will probably do the same with the SilkRoad coins, except that they will surely use the government auctioning services.) 

But that just pushes the question forward: what wiill the auction winners do with those coins?

And more importantly, where the auctions would be held 

[adamstgBit]

I was thinking about MTGox's 200,000 Bitcoins they found in that old wallet or whatever it is.  At some point the bankruptcy is going to sell those coins and dump them on the market in one big go turning them into FIAT.  There is no way I see them distributing out those coins as Bitcoins.  What will that do to the market?  If they released all 200,000+ coins at one time?  Seems to me that's exactly what they are going to do.

IF they decide to sell the coins, I expect that they will divide them into manageable lots, and auction them through some auctioning house.  I believe that would be the easiest way to get the best possible price for them. (The FBI will probably do the same with the SilkRoad coins, except that they will surely use the government auctioning services.) 

But that just pushes the question forward: what wiill the auction winners do with those coins?

buy a Leg Avenue Mesh Chemise And Panty?

what else?

[edwardspitz]

4 green candles on the 4h chart

I feel a song coming on..

"Candle On The Chart" based on "Candle In The Wind" by Elton John?

I'd rather go for "10 green bottles"

You know you are in trouble when the candles are no longer on the charts.

[roslinpl]

You ve seen it, right?

>$500 is here and it will be only >$500 from this day

I predict $510 in 30min

[frienemy]

4 green candles on the 4h chart

I feel a song coming on..

"Candle On The Chart" based on "Candle In The Wind" by Elton John?

I'd rather go for "10 green bottles"

You know you are in trouble when the candles are no longer on the charts.

Sorry, that was the musician part of me speaking. You're right, the lyrics would be bearish. I not willing to listen to a bear song. Let's write a song together, all of us! Let's create the Bitcointalk Rallye Song! (If there's enough stupid ideas, I might even record them --> got my own recoring equipment at home)

[chessnut]

speaking of Elton John, lets hear 'Rocket man'

[edwardspitz]

4 green candles on the 4h chart

I feel a song coming on..

"Candle On The Chart" based on "Candle In The Wind" by Elton John?

I'd rather go for "10 green bottles"

You know you are in trouble when the candles are no longer on the charts.

Sorry, that was the musician part of me speaking. You're right, the lyrics would be bearish. I not willing to listen to a bear song. Let's write a song together, all of us! Let's create the Bitcointalk Rallye Song! (If there's enough stupid ideas, I might even record them --> got my own recoring equipment at home)

Me too, I got my own little home studio. I can do the remix

[Bagatell]

Me too, I got my own little home studio. I can do the remix

Good as this?

http://youtu.be/jq57BjBVq7o

[frienemy]

4 green candles on the 4h chart

I feel a song coming on..

"Candle On The Chart" based on "Candle In The Wind" by Elton John?

I'd rather go for "10 green bottles"

You know you are in trouble when the candles are no longer on the charts.

Sorry, that was the musician part of me speaking. You're right, the lyrics would be bearish. I not willing to listen to a bear song. Let's write a song together, all of us! Let's create the Bitcointalk Rallye Song! (If there's enough stupid ideas, I might even record them --> got my own recoring equipment at home)

Me too, I got my own little home studio. I can do the remix

Cool! Then let's do a bitcoin band. The world will need a bitcoin band playing in any TV show that's informing people about their new currency I'm playing the guitar and I sing, furthermore I got a fancy analogue synth, which I absolutely can't control, but it's making quite awesome sounds!

[edwardspitz]

4 green candles on the 4h chart

I feel a song coming on..

"Candle On The Chart" based on "Candle In The Wind" by Elton John?

I'd rather go for "10 green bottles"

You know you are in trouble when the candles are no longer on the charts.

Sorry, that was the musician part of me speaking. You're right, the lyrics would be bearish. I not willing to listen to a bear song. Let's write a song together, all of us! Let's create the Bitcointalk Rallye Song! (If there's enough stupid ideas, I might even record them --> got my own recoring equipment at home)

Me too, I got my own little home studio. I can do the remix

Cool! Then let's do a bitcoin band. The world will need a bitcoin band playing in any TV show that's informing people about their new currency I'm playing the guitar and I sing, furthermore I got a fancy analogue synth, which I absolutely can't control, but it's making quite awesome sounds!

He he. I know what you mean. I have a DSI Evolver Keyboard Edition and Korg Micro XL. The Evolver sounds awesome, but I don't know how to play keyboard

[knarzo]

Me too, I got my own little home studio. I can do the remix

Good as this?

http://youtu.be/jq57BjBVq7o

https://www.youtube.com/watch?v=NG1qooBzE2w 

[frienemy]

He he. I know what you mean. I have a DSI Evolver Keyboard Edition and Korg Micro XL. The Evolver sounds awesome, but I don't know how to play keyboard

Got the MicroKorg. Same thing here, I can't play the keyboard, but wanted to have this crazy thing. This coincidence can only mean one thing: Bitcoin will go higher!

[ShroomsKit]

Ok, rally time then?

[ChartBuddy]

Explanation

[pandacoin]

I told you! Price is raising.

[ShroomsKit]

Let's see if we can reach 520 without someone shitting on it.

[JorgeStolfi]

And more importantly, where the auctions would be held 

Er, if it is a joke, I didn get it.  They will be held in Japan, by some Japanese auction house, I imagine.  With remote bidding, perhaps?

[roslinpl]

Explanation

F $#@  I can't believe it. ...


It should be > $500...
Well perhaps we need more ... time :-)

[ShroomsKit]

I told you! Price is raising.

You're the only one who saw it coming.

[podyx]

The fact that we haven't seen a bigger beartrap yet, is very bullish i believe