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

[JorgeStolfi]

probably  most will sell for some discount, how much of a discount we will never know

Indeed it is unlikely that we will know right away, unless the USMS makes another "oops" with their emails.  Winners and losers and almost-but-not-quite-bidders may go public claiming this and thats, but it would be naive to trust them.   Many of them will have strong motivations to lie, in every possible direction. 

However, I would think that there is a reasonable chance that the closing prices can be obtained through a FOIA request.  If the identity of the buyers is not revealed, that information alone cannot be considered private; on the other hand, it is obviously essential for  public overseeing of the government revenue and spending bla bla bla.  But of course it would take months, if it works at all, so it would be of interest to historians only.

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[TERA]

It looks like the diehard bitfinex traders are just keep taking more and more margin positions, until they all get liquidated somehow.

[adamstgBit]

Fact: Before bitcoin you had to trust banks and governments with the money.

[N12]

It looks like the diehard bitfinex traders are just keep taking more and more margin positions, until they all get liquidated somehow.

Utterly insane class of gamblers, it seems inevitable for this to culminate in a liquidation cascade similar to February on Bitfinex.

[shmadz]

Fact: Before bitcoin you had to trust banks and governments with the money.

another fact, and I don't want to be a downer, because it looks like the party is on... but I think it's important to consider...

those with power will leverage that power to retain and prevent power from slipping from their grasp.

I don't know what's going to happen, but I think we should all keep our wits about us.

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and now that that's over, on with the show!



bulltrap incoming?

[KLD]

Fact: Before bitcoin you had to trust banks and governments with the money.

um no you didn't. 

[mamba]

Fact: Before bitcoin you had to trust banks and governments with the money.

another fact, and I don't want to be a downer, because it looks like the party is on... but I think it's important to consider...

those with power will leverage that power to retain and prevent power from slipping from their grasp.

I don't know what's going to happen, but I think we should all keep our wits about us.

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and now that that's over, on with the show!

http://i60.tinypic.com/n33z7m.png

I am sorry, I can read charts well.. What do you mean by party is on? Is the price gonna fall more?

[shmadz]

Fact: Before bitcoin you had to trust banks and governments with the money.

another fact, and I don't want to be a downer, because it looks like the party is on... but I think it's important to consider...

those with power will leverage that power to retain and prevent power from slipping from their grasp.

I don't know what's going to happen, but I think we should all keep our wits about us.

------------------------------------------------------------------------------

and now that that's over, on with the show!

I am sorry, I can read charts well.. What do you mean by party is on? Is the price gonna fall more?

I just mean that it's more exciting when the price is moving.

I have no position in this market, other than hoarded bitcoin that I will not sell at any price below 800 CAD.

[N12]

It looks like the diehard bitfinex traders are just keep taking more and more margin positions, until they all get liquidated somehow.

what happens when they get liquidated? whats the end result of all these traders taking more and more margin positions?

[JayJuanGee]

Here is the link to the guy that offered spot minus 15 percent for all the coins..

http://www.businessinsider.com/falcon-global-capital-offers-to-buy-the-fbis-bitcoins-2014-2

All the other potensial bidders will now think: Gee, that low! Well, we can go lower!
So offensive, much logical.

They will only think that if they do NOT want to win the coins.  If they want to win the coins, then they will think the opposite - and that is:  In order to win the bid, I am going to have to bid at least more than 85% of market price.  No one who wants to win, will really expect to be able to win for less than 85% of market price.  Additionally, once they are into registering and tying up $200K for at least two weeks, they likely have intentions to attempt to win at least one of the lots of coins.

[aminorex]

I learned something while reading here.
And that is that nobody and i really mean nobody has a fucking clue what they are talking about.
Anybody who uses this thread to know when to buy and sell might as well throw some dice or darts. The results will probably better.
All these "facts" and charts and lines and people acting like they know it all.
It really isn't much better than the Btce troll box here. A bit more civilized maybe but in the end it's nothing but idiots screaming BUY BUY BUY SELL SELL SELL! We all do it in one way or the other.
Also hilarious how everyone is an auction expert suddenly. And a China expert and an expert in anything really.

Some of us, rather than cursing the dark, are trying to light candles, with varying degrees of success.  It takes a pretty vigorous crap filter to glean anything useful here, but there is such as thing as exogenous input stimulating useful thought.  By voicing opinions, members stimulate each other to think about aspects of the situation which they might otherwise neglect.  If the stimulus is misleading, that is unfortunate, but a vigorous crapfilter should avoid most of that downside.  The worst part is the time-sink aspect.

You may not read this.  I know you don't like my monkey.  The monkey is a metaphorical monkey, used to voice signals derived by means I do not wish to disclose accurately or justify rigorously.  I find the signals useful, and it does not require any sort of faith in the monkey to observe its signals over time.  I know that some members have benefited from awareness of the monkey's moods, as have I, otherwise your complaint would have sufficed for me to silence the monkey here.  As a third-party reader I would accept the monkey as another source of stimulus for thought, no more and no less.  I regard the other members of this forum much as I regard the magic monkey.  They are a source of highly structured signal, which serves to stimulate thought.

Freedom requires possibilities.  Our possibilities are limited  by our awareness, oftentimes.  Exogenous stimuli often serve to draw attention to those possibilities, and thereby compound our freedom.

[shmadz]

Freedom requires possibilities.  Our possibilities are limited  by our awareness, oftentimes.  Exogenous stimuli often serve to draw attention to those possibilities, and thereby compound our freedom.

if only 10% of the population can gain enough awareness to comprehend that thought, then my outlook for the future becomes much brighter.

it seems as though the process has started, but a long way until the "tipping-point" I fear.

[ChartBuddy]

Explanation

[Tyson95]

It looks like the diehard bitfinex traders are just keep taking more and more margin positions, until they all get liquidated somehow.

what happens when they get liquidated? whats the end result of all these traders taking more and more margin positions?

BFX was still linked up with Bitstamp at that time and they had run out of funds. They shut down trading for 2 hours but nobody got margin called or anything because of it, we just lost some really good opportunities during that time frame.

Now that they provide swap insurance themselves if a massive sell off happened again they would probably just do the same thing until it blew over.

[windjc]

some known early adopters are dumping, and many  other adopters/investors/developers are slowly losing faith (one of them speaking), Bitcoin needs another bubble ASAP, bubbles are the only thing keeps Bitcoin ongoing.

Bitcoin days destroyed says differently.

So please shut up.

Hows litecoin doing, btw?

Its like two of you changed your heads in last few weeks. You were as annoying 2 months ago as he is now 

Dude, wtf are you talking about?  I never pumped litecoin.

If you are referring to when I was a bear while the trend was down, then sorry I annoyed you.

[Untitled87]

That double bottom though

[windjc]

Anyone else notice how all the bitcoin high priests and cheerleaders have been conveniently absent for the past couple weeks? The exponential log charts have been tucked into suitcases and the purveyors of these bitcoin pipe dreams are heading onto the next big thing. Makes you wonder... all of us still holding... are we the bag holders afterall?

Ask yourself that question, you've been one of the biggest bitcoin cheerleaders lately convinced the price was going to explode upwards. Funny how these types are the first to lose faith and do a complete turnaround. Better let go of that heavy bag of yours and let someone take it who can handle it and have more realistic expectations of bitcoin.

You might have me confused with someone else, friend. I'm typically pessimistic or mildly enthusiastic at best, but my outlook changes on a weekly basis. I honestly can't remember all that I've written in the past, but I've never promised anyone riches and if you look back enough, there have been times that I claimed we're all late adopters and missed the train. I'm feeling that way again now.

So, basically you admit that you have a track record of being inconsistent and wrong.

Thanks for the clarification.

[derpinheimer]

That double bottom though

Eh, second bottom slightly lower than first. Plus this happens all the time and another dump puts us lower. Double bottom does not work with bitcoin. Double top usually does.

[windjc]

We currently have more market depth than we did 24 hours ago.

Where is the implosion?

I am disappoint.

[ChartBuddy]

Explanation