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

[maok]

okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?

If I wanted 3k coins, I would contact a miner and attempt to negotiate a price a little under market.

If this auction appeared on my radar whilst I was considering it, I'd probably throw in a low-ball offer on the off-chance.

Thus I think these coins will sell at a discount.

If I was a miner with such hashing power I would make a deal of at least 5% premium, why would I sell at discount when I have all the time in the world selling on exchanges patiently and when I know that the buyer if he was to buy 3K directly from the exchanges would most likely drive the price up which will benefit me in the end.

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[abercrombie]

Guys what is happening with bitcoinwisdom? It is all outa whack.

huObi is broken, use OKCoin instead.

[adamstgBit]

okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?

If I wanted 3k coins, I would contact a miner and attempt to negotiate a price a little under market.

If this auction appeared on my radar whilst I was considering it, I'd probably throw in a low-ball offer on the off-chance.

Thus I think these coins will sell at a discount.

with the ever increasing hashrate trying to mine 3k coins may prove to be challenging. http://youtu.be/KXOZgLmbkHA

[CoinDox]

Guys what is happening with bitcoinwisdom? It is all outa whack.

huObi is broken, use OKCoin instead.

I know Houbi buff their numbers already, but whats going on really?

Heh, J/K, thanks for the heads up.

[explorer]

okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?

If I wanted 3k coins, I would contact a miner and attempt to negotiate a price a little under market.

If this auction appeared on my radar whilst I was considering it, I'd probably throw in a low-ball offer on the off-chance.

Thus I think these coins will sell at a discount.

And lets face it, the US gov't is more likely to snatch a defeat from the jaws of victory than the other way around.  If a fair market value is 100-110% of current, then they are unlikely to accept any bid over 60%.  People might start to expect responsible actions from them.

[JorgeStolfi]

why would [a miner] sell at discount when [he has] all the time in the world selling on exchanges patiently

Because a miner has to pay large regular bills for electricity, staff, maintenance etc., which will not wait.

Also he would seek a long-term contract with a buyer, at a fixed BTC price, before investing millions in equipment; and that would almost certainly be below the current market price, if the other party is minimally prudent.

[JayJuanGee]

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Per translate.google.com:
Lorem itself pain he is amet consectetuer to post a comment. I really need to focus on consumer impact. I really miss. It's easy, you will feel to the home and the great gods into labor over the mountains, instantly. Until than the cats, it's just nothing, technology that your kids the value of what, prefix meaning half. No problem for the mass. Unfortunately, the foot of the just, even customers, nor economic, beef production, layout. In fact, the just, a wide range of to, financing a, the magazines and newspapers of life, the just. Here's the price of a soft foot football it was said to the cat. A whole week. Tomorrow protein. Morbi always like this. Blackjack team in the region. Aeneas as a lion around the world, of loans, living environment, Japan and the, for example. It's the Internet before, in the protein, bio-, from the newspaper, relax. Welcome to Indian as illegal trade bills.

Thanks... Even the translation does NOT make any sense to me... In other words, those are NOT my words.   

[David M]

I picked 90% in the poll for the price paid.

I am starting to think that they may be conservative and may exceed 100% due to slippage. 

Slippage in this market for orders of that size can exceed 10% ($60)

[JayJuanGee]

So, when is someone going to buy an island, start a farm, power plant, ISP, and waste water treatment facility that does everything in bitcoin?  Then, we can say F*** fiat, lets price everything in BTC.  I'd rather pay a set BTC price every freakin' time then buy a couple pizzas worth a few million dollars a couple years later.  

Any takers?  That'd be the easiest way to start a TRUE BTC economy that's not dependent on the Fiat->BTC relationship.  Granted, it would probably take a little while to get going, but it would be awesome...

I understand Risto's Bitcoin Supernode Hideaway is intended to be all Bitcoin. I'm not sure what his timeline on getting that up and operational is.

2021, I think.

That's quite a ways away. If Bitcoin hasn't caught fire by then, it may never. If it does before, someone is likely to eat his lunch. Then again, if his holdings increase in value, he can probably bring the schedule forward significantly and still have first-mover advantage. Though his choice of location may prove to be an issue.

I was trying to be funny, so I should have put a smiley face next to my response... or maybe if I said 2139, then that would have been more funny....   I'll feel lucky to still be around in 2039, and there may be some grandchildren of currently living people around in 2139, if they are lucky.

[JayJuanGee]

We rally now?

NOT yet!!!!   However, the week is coming near closing, and it will be very interesting if that weekly MACD candle closes green (at this point, barely green - yellow as an earlier poster mentioned).

Why look at the weekly MACD specifically? If you look at other time periods, it seems to be at varying points of the sine curve, (3d).

I don't really know anything much about TAs.  It just seems to be a delayed indicator of a longer term upward trend in BTC prices and b/c one week macd is the longest period that bitcoinwisdom allows to chose as a setting.

[JayJuanGee]

we're still in a bullish consolidation, flag formation from the last leg up. if BFX breaks 600 to the downside, i will reconsider, but i think we should head up to 630-650 in the next couple days.

1h, 2h, 4h, 6h and 3d are going down  
i hope it will not break $600
it has to stay and rise!
let's pray and see...
 

Well, if nothing else works, then praying should NOT hurt..... 

[Erdogan]

Appearantly, all the newcomers and the new businesses come in for the transactions only. Only the old hoarders hoard. Do they have any wives and daughters left? They are now selling their football cards and run after the bus to save money. Less and less people have heard about bitcoin. It will not only go to zero, but it will be forgotten! The blockchain is all that is left for the future archeologists. The bitcoin museum will be weighed down with spiderwebs.

[ChartBuddy]

Explanation

[Richy_T]

I picked 90% in the poll for the price paid.

I am starting to think that they may be conservative and may exceed 100% due to slippage. 

Slippage in this market for orders of that size can exceed 10% ($60)

What could be interesting would be a big move between the submission deadline and the auction being settled. Hopefully unlikely but could make things interesting one way or the other.

[keithers]

Left the office for a daytime bday party, and came back to a little slippage on Stamp...we have a little sell off or something?   We were sitting pretty above $600 for a while there...

[adamstgBit]

Left the office for a daytime bday party, and came back to a little slippage on Stamp...we have a little sell off or something?   We were sitting pretty above $600 for a while there...

last higher low b4 666, watch for 606.6 this will confirm that 666 is coming 

[YogoH]

okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?

If I wanted 3k coins, I would contact a miner and attempt to negotiate a price a little under market.

If this auction appeared on my radar whilst I was considering it, I'd probably throw in a low-ball offer on the off-chance.

Thus I think these coins will sell at a discount.

with the ever increasing hashrate trying to mine 3k coins may prove to be challenging. http://youtu.be/KXOZgLmbkHA

https://www.youtube.com/watch?v=5CjldZLXiAU

this one is better

[MatTheCat]

Left the office for a daytime bday party, and came back to a little slippage on Stamp...we have a little sell off or something?   We were sitting pretty above $600 for a while there...

Sitting Pretty?

Man, learn some TA 101!

[daclayman]

Ok all,

It's Thursday, time for the Thursday sell-off. I'm think a manipulation down to 574 on volume of, oh let's go 140 BTC.

[ChartBuddy]

Explanation