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

[empowering]

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

I wonder how that bet will be settled.  The USMS will not publish the outcome of the auctions, and other people (winners,  losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.

Good point Jorge good point...  although I would not put it past the USM somehow accidentally sending e-mails out to everyone on their address book with all the auction winning bids 

[ChartBuddy]

Explanation

[Krabby]

Quick, someone analyze this.



http://www.google.com/trends/explore#q=bitcoin

[wachtwoord]

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

I wonder how that bet will be settled.  The USMS will not publish the outcome of the auctions, and other people (winners,  losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.

Good point Jorge good point...  although I would not put it past the USM somehow accidentally sending e-mails out to everyone on their address book with all the auction winning bids 

One of the core reasons (next to counter party risk) why I won't participate on either side of the bet.

[ChartBuddy]

Explanation

[samsonn25]

Holy shit 120 billion hashrate now

[bitcoinsrus]

Holy shit 120 billion hashrate now

https://blockchain.info/charts/hash-rate
isnt it close to 130 million? = 130,000,000?

[Richy_T]

I think that Erik Vorhees himself said that bitcoin was an all-or-nothing thing to Bloomberg; I recall that from a video on YouTube.  The argument being, I suppose, that if the price (purchasing power, more precisely) stops increasing, or the increase slows down to less than 5-10% per year, investors will dump their bitcoin holdings to invest in more profitable items, like stock or real estate.   Then there will be massive devaluation and volatility, etc., and eventually loss of utility as a payment medium.  Since it pays no dividends and has no backing assets, an ever-increasing purchasing power is necessary to keep bitcoin attractive to long-term investors.  

Ever-increasing is not a requirement but there is a critical mass below which Bitcoin cannot succeed since it relies on network effect. Eventually, investors should give way to users as things stabilize and we reach the top of the S-curve (in the case of success) or everything disappears in a *poof* as we go to zero. I see the former as more probably, of course.

[Richy_T]

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

I wonder how that bet will be settled.  The USMS will not publish the outcome of the auctions, and other people (winners,  losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.

The USMS is a public entity. I hardly see how they could keep the result secret.

[ChartBuddy]

Explanation

[keithers]

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

I wonder how that bet will be settled.  The USMS will not publish the outcome of the auctions, and other people (winners,  losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.

This info will be leaked (more than likely). I could also see winners of the auctions talking about it too (if they feel they got a good deal)

[nwfella]

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

Clever site.  Interesting that Yes almost 4 times the satoshi's backing.

[HerrAndreas]

There is something that puzzles me about the nature of bitcoin followers traders here.
They are often highly invested in the value developement of the currency, but so little invested in the creation of that value they follow so closely.
Ofcourse certain announcements that retailer X or payment processor Y is now accepting bitcoin are mentioned, but actively doing something, setting up shop and evangelising with a profit seems to be done somewhere else.

(If you know where, I wouldn´t mind a pointer.)

 

[ChartBuddy]

Explanation

[p0peji]

There is something that puzzles me about the nature of bitcoin followers traders here.
They are often highly invested in the value developement of the currency, but so little invested in the creation of that value they follow so closely.
Ofcourse certain announcements that retailer X or payment processor Y is now accepting bitcoin are mentioned, but actively doing something, setting up shop and evangelising with a profit seems to be done somewhere else.

(If you know where, I wouldn´t mind a pointer.)

 

You did notice this is the speculation sub-forum?

[Miz4r]

There is something that puzzles me about the nature of bitcoin followers traders here.
They are often highly invested in the value developement of the currency, but so little invested in the creation of that value they follow so closely.
Ofcourse certain announcements that retailer X or payment processor Y is now accepting bitcoin are mentioned, but actively doing something, setting up shop and evangelising with a profit seems to be done somewhere else.

(If you know where, I wouldn´t mind a pointer.)

Well this is the speculation part of the forum, which is specifically made for speculation about the bitcoin price. Perhaps r/bitcoin or the Marketplace section of this forum has what you're looking for.

[JorgeStolfi]

The USMS is a public entity. I hardly see how they could keep the result secret.

That is what it says in their auction announcement FAQ.  I suppose that they consider it private information about the bidders.  But they give instructions on how to submit FOIA request in the folowing line, although it is not clear whether that will allow the results to be disclosed. 

By the way, I must correct an earlier post of mine: the same person CAN submit two or more bids at different prices, using separate bid forms.

[Carra23]

There is something that puzzles me about the nature of bitcoin followers traders here.
They are often highly invested in the value developement of the currency, but so little invested in the creation of that value they follow so closely.
Ofcourse certain announcements that retailer X or payment processor Y is now accepting bitcoin are mentioned, but actively doing something, setting up shop and evangelising with a profit seems to be done somewhere else.

(If you know where, I wouldn´t mind a pointer.)

 

The clue is in the title of this subforum. You ill notice that a lot of these posters here also post elsewhere.

[empowering]

The USMS is a public entity. I hardly see how they could keep the result secret.

That is what it says in their auction announcement FAQ.  I suppose that they consider it private information about the bidders.  But they give instructions on how to submit FOIA request in the folowing line, although it is not clear whether that will allow the results to be disclosed.  

By the way, I must correct an earlier post of mine: the same person CAN submit two or more bids at different prices, using separate bid forms.

and separate deposits? (edit= yup)

[ChartBuddy]

Explanation