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

[rpietila]

Isn't there is some sort of 'burn rate' as capital get's reallocated to miners and mining companies?

Good point.

[windjc]

In 2014-3-30, the exponential trendline model gave a buy signal at $460 and the price has been unable to go below it for any extended time even after 4 weeks.

In 2013-11-23 it gave a sell signal at $872 (SlipperySlope's 0.40 confidence) or 2013-11-28 at $1,056 (my 0.45 confidence). It was also unable to stay above it for any extended time.

What odds do you want? As I would be betting to win less valuable coin, you shouldn't get much better than 50%.

I think you will offer an unreasonable bet so that you don't have to make one at all.

But let me know.

[Spaceman_Spiff]

If you are unsure whether Bitcoin receives this "financing round" or not, just take confidence in the fact that everyone in the world can participate, there are no minimums, no maximums, no lock-in periods, and the "company" has no burn rate and its economy becomes better even while waiting for the capital injection.

Isn't there is some sort of 'burn rate' as capital get's reallocated to miners and mining companies?

I wouldn't call it a "burn rate", it's not like bitcoin is going to go bankrupt at any time.

[ChartBuddy]

Explanation

[damnek]

We have a buyer

[dreamspark]

Pump mode engaged ?

Edit: Same weird walls as yesterday put it above market price then pulled after a few people buy infront

[chromosoma]

Bitstamp  pumping. Dump incoming!

[igorr]

Huobi is dead and the same as MtGox.

[roslinpl]

We have a buyer

hehe We have many of them no worries

[Walsoraj]

Could be foreigners removing bitcoin from exchanges because they do not have chinese bank accounts. Once this process is complete, buying pressure will rapidly decline and double single digit coins become a real possibility.

[rpietila]

In 2014-3-30, the exponential trendline model gave a buy signal at $460 and the price has been unable to go below it for any extended time even after 4 weeks.

In 2013-11-23 it gave a sell signal at $872 (SlipperySlope's 0.40 confidence) or 2013-11-28 at $1,056 (my 0.45 confidence). It was also unable to stay above it for any extended time.

What odds do you want? As I would be betting to win less valuable coin, you shouldn't get much better than 50%.

I think you will offer an unreasonable bet so that you don't have to make one at all.

But let me know.

Unreasonable? It's $30 to the trigger line (was $20 when I first called it). Are you willing to give 1:1 odds to me that price will hit $495 some point in the future? Of course not, you would not take that even at 10:1. So don't expect the same of me.

[cruiser]

In our runup to $5,000, about $6 billion of fresh money need to be invested.

How did you calculate that?

[windjc]

In 2014-3-30, the exponential trendline model gave a buy signal at $460 and the price has been unable to go below it for any extended time even after 4 weeks.

In 2013-11-23 it gave a sell signal at $872 (SlipperySlope's 0.40 confidence) or 2013-11-28 at $1,056 (my 0.45 confidence). It was also unable to stay above it for any extended time.

What odds do you want? As I would be betting to win less valuable coin, you shouldn't get much better than 50%.

I think you will offer an unreasonable bet so that you don't have to make one at all.

But let me know.

Unreasonable? It's $30 to the trigger line (was $20 when I first called it). Are you willing to give 1:1 odds to me that price will hit $495 some point in the future? Of course not, you would not take that even at 10:1. So don't expect the same of me.

Lol. You didn't even make an offer. Why am I not surprised?

[windjc]

In 2014-3-30, the exponential trendline model gave a buy signal at $460 and the price has been unable to go below it for any extended time even after 4 weeks.

In 2013-11-23 it gave a sell signal at $872 (SlipperySlope's 0.40 confidence) or 2013-11-28 at $1,056 (my 0.45 confidence). It was also unable to stay above it for any extended time.

What odds do you want? As I would be betting to win less valuable coin, you shouldn't get much better than 50%.

I think you will offer an unreasonable bet so that you don't have to make one at all.

But let me know.

Unreasonable? It's $30 to the trigger line (was $20 when I first called it). Are you willing to give 1:1 odds to me that price will hit $495 some point in the future? Of course not, you would not take that even at 10:1. So don't expect the same of me.

Lol. You didn't even make an offer. Why am I not surprised?

Since you are too chicken s*** to make a bet, here's one for you.

Bet $50k with of btc
Duration 30 days

If we hit 435 on Stamp and don't hit 500 I win.
If we hit 500 and not 435 you win
If we hit both or neither its a draw. And we both donate $1000 worth of btc each to charity.

[JorgeStolfi]

"In addition to that, federal agents are asking to keep the $3,030,000-worth of Bitcoins that the government collected from Slomp, and which have already been converted into cash."

It would be interesting to know how and when the conversion was made.  (Presumably that happened after November/2013, so it would be about 3'000 -- 6'000 bitcoins.)
 
Posters in other threads who seem to be well-informed claim that Ulrich's bitcoins will surely be sold through public auctions, which is what the government must do with seized goods.  But it seems unlikely that they auctioned Stomp's coins, that would have been noted and widely reported.

Perhaps the federal agents considered bitcoin a currency, not goods, at the time?  Perhaps the coins had already been converted to cash by Stomp or "J" when they were arrested?

[rpietila]

In 2014-3-30, the exponential trendline model gave a buy signal at $460 and the price has been unable to go below it for any extended time even after 4 weeks.

In 2013-11-23 it gave a sell signal at $872 (SlipperySlope's 0.40 confidence) or 2013-11-28 at $1,056 (my 0.45 confidence). It was also unable to stay above it for any extended time.

What odds do you want? As I would be betting to win less valuable coin, you shouldn't get much better than 50%.

I think you will offer an unreasonable bet so that you don't have to make one at all.

But let me know.

Unreasonable? It's $30 to the trigger line (was $20 when I first called it). Are you willing to give 1:1 odds to me that price will hit $495 some point in the future? Of course not, you would not take that even at 10:1. So don't expect the same of me.

Lol. You didn't even make an offer. Why am I not surprised?

Since you are too chicken s*** to make a bet, here's one for you.

Bet 100 btc
Duration 30 days

If we hit 435 on Stamp and don't hit 500 I win.
If we hit 500 and not 435 you win
If we hit both or neither its a draw. And we donate 1 btc each to charity.

- Mutually agreed escrow holds coins from both from the beginning to the end
- 90 days
- I propose NewLiberty
- (Since the bet amount is so large and therefore foul play possible, I will require 2 bank days to set up my defences)

[windjc]

In 2014-3-30, the exponential trendline model gave a buy signal at $460 and the price has been unable to go below it for any extended time even after 4 weeks.

In 2013-11-23 it gave a sell signal at $872 (SlipperySlope's 0.40 confidence) or 2013-11-28 at $1,056 (my 0.45 confidence). It was also unable to stay above it for any extended time.

What odds do you want? As I would be betting to win less valuable coin, you shouldn't get much better than 50%.

I think you will offer an unreasonable bet so that you don't have to make one at all.

But let me know.

Unreasonable? It's $30 to the trigger line (was $20 when I first called it). Are you willing to give 1:1 odds to me that price will hit $495 some point in the future? Of course not, you would not take that even at 10:1. So don't expect the same of me.

Lol. You didn't even make an offer. Why am I not surprised?

Since you are too chicken s*** to make a bet, here's one for you.

Bet 100 btc
Duration 30 days

If we hit 435 on Stamp and don't hit 500 I win.
If we hit 500 and not 435 you win
If we hit both or neither its a draw. And we donate 1 btc each to charity.

- Mutually agreed escrow holds coins from both from the beginning to the end
- 90 days
- I propose NewLiberty
- (Since the bet amount is so large and therefore foul play possible, I will require 2 bank days to set up my defences)

I made a small edit. See above.

30 days not 90. 90 is stupid and isn't a bet at all. Don't be typical.

[dreamspark]

90 days thats an eternity! 

[y3804]

In 2014-3-30, the exponential trendline model gave a buy signal at $460 and the price has been unable to go below it for any extended time even after 4 weeks.

In 2013-11-23 it gave a sell signal at $872 (SlipperySlope's 0.40 confidence) or 2013-11-28 at $1,056 (my 0.45 confidence). It was also unable to stay above it for any extended time.

What odds do you want? As I would be betting to win less valuable coin, you shouldn't get much better than 50%.

I think you will offer an unreasonable bet so that you don't have to make one at all.

But let me know.

Unreasonable? It's $30 to the trigger line (was $20 when I first called it). Are you willing to give 1:1 odds to me that price will hit $495 some point in the future? Of course not, you would not take that even at 10:1. So don't expect the same of me.

Lol. You didn't even make an offer. Why am I not surprised?

Since you are too chicken s*** to make a bet, here's one for you.

Bet 100 btc
Duration 30 days

If we hit 435 on Stamp and don't hit 500 I win.
If we hit 500 and not 435 you win
If we hit both or neither its a draw. And we donate 1 btc each to charity.

- Mutually agreed escrow holds coins from both from the beginning to the end
- 90 days
- I propose NewLiberty
- (Since the bet amount is so large and therefore foul play possible, I will require 2 bank days to set up my defences)

I made a small edit. See above.

30 days not 90. 90 is stupid and isn't a bet at all. Don't be typical.

Lol. 90 days or not, windjc will win imo..
Be careful with your money, there are smarter ways to invest than bet for internet reputation

[rpietila]

2 bank days?

thats in like 100hours

bitcoin will be at 520 by then!

 

That is because Bitstamp.

windjc need 1.1M to take it to 435.
I need 1.45M for 500.

If he has lots of money, he will catch my bid at 435.01, and I will lose the bet unless 30 days turns it back up. Buying slippage-free at such a good price is still ok, but losing a bet hurts my pretty face.