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

[Marbit]

While i won't buy too much, I think ill be buying a little here and there. I use my coin on coinbase for spending purposes, then i buy back what I just spent. I think everyone should do that. Use expedia for hotels (that will be expanding) and overstock, and all others that take bitcoin. If you don't want to part with your coin, do what Im doing. Just replace it, coinbase has an automated feature for this.. quite cool.

Do they offer any discounts for using BTC? Just wondering. I can get cash back rewards for using my credit card to pay for that type of thing. Not that I don't want to support BTC (though I'm not sure spending via Coinbase supports BTC or not)....

[Torque]

While i won't buy too much, I think ill be buying a little here and there. I use my coin on coinbase for spending purposes, then i buy back what I just spent. I think everyone should do that. Use expedia for hotels (that will be expanding) and overstock, and all others that take bitcoin. If you don't want to part with your coin, do what Im doing. Just replace it, coinbase has an automated feature for this.. quite cool.

Good idea.  I actually can't wait for the day when bitcoin is available for payment on both Amazon and EBay.  Both of those sites constitute about 90% of my online purchasing, and I would buy back most if not all the bitcoin I would use on those sites.  Hopefully PayPal will just buy Coinbase outright some day, and integrate directly with PayPal, problem solved.

[ensurance982]

I heard Adam talking about tuesday being the dump-day. Is that true? In my experience, Friday is the typical dump-day with every 4th Friday experiencing a surprise-rallye up. Also, weekends tend to bleed the price down, with an occasional sunday night rallye up. I haven't made up my mind about the different weekdays, though...

[JorgeStolfi]

I heard Adam talking about tuesday being the dump-day. Is that true? In my experience, Friday is the typical dump-day with every 4th Friday experiencing a surprise-rallye up. Also, weekends tend to bleed the price down, with an occasional sunday night rallye up. I haven't made up my mind about the different weekdays, though...

Both may be right... Friday 7:30 am in China is Thursday 22:30 in London (BST), Thursday 19:30 in NY (EDT) , Thursday 16:30 in San Francisco (PDT)...

[ChartBuddy]

Explanation

[Marbit]

I heard Adam talking about tuesday being the dump-day. Is that true? In my experience, Friday is the typical dump-day with every 4th Friday experiencing a surprise-rallye up. Also, weekends tend to bleed the price down, with an occasional sunday night rallye up. I haven't made up my mind about the different weekdays, though...

Trying to make rhyme or reason of it will do you no good. The magnitude of these rises/falls is what matters, not when they take place on average.

[JayJuanGee]

So,  I was wondering if the Jersey Island Bitcoin fund, GABI, has a certain time of day for settlement of orders?  It seemed that there were some large purchases of coins made at the end of their work day on Friday!  If this is the case, then perhaps today we will see the same thing in a few hours?  (or at the end of each work day from this point)  I am hoping!  

I was thinking the same. 

They said they would take in orders during august and start buying in september, there was a lot of interest, even from small private banks worth a couple of billion, the smallest parties wich showed interest were willing to buy in the 5-10$ million range.

I only read that they will begin "trading" in September.  So this could be an accumulation time frame before the coins can be sold.  I wish that GABI was a little more transparent about what they are doing.  I don't like speculating this much. 

It does NOT seem to be too much in the interest of GABI to be transparent about their acquisition of BTC strategy - unless they have already acquired their holdings, which it seems from their already made disclosures that they had NOT acquired their holdings, as of a couple of weeks ago.

[JayJuanGee]

shit i only got 0.1BTC bid filled.

i need way more...

if someone could dump +1K coins that would be gr8 thanks

"Way more"  = 1.9btc?   

[adamstgBit]

shit i only got 0.1BTC bid filled.

i need way more...

if someone could dump +1K coins that would be gr8 thanks

"Way more"  = 1.9btc?  

no?

but i'd be happy with 2BTC.

and ya 2BTC = way more then 0.1BTC

rich poeple... pfff

[JayJuanGee]

Awww, dammit I was really hoping we could push through $600 with this train. It seems to be stopping at $595... come on!!! Let's see what the MACDs are saying...

WOW... I just noticed that last week's MACD closed green; however, this week's MACD is currently red.

We still have a whole week; however, it seems that by Sunday BTC prices need to be more than $595 - otherwise, we are back in the weekly MACD redzone.

[JayJuanGee]

Soon:
Torero = Shorters /// Bull = BTC Bulls?









Naahh just kidding I don't know what will happen  

That looks like Fonzie getting the bullhorn.

[amit123]

The moment it feels like over 600 , it goes down to 580ish again..!

[JayJuanGee]

i almost feel like selling virtex is a good 10$ higher than it normally would be, very unusual

You´re gonna end like BillieJoeAllen!

Yeah.... whatever happened to that poster?  He was here all of the time, and then Wheewwft, Gone....

He said that he was ONLY trading a small percentage of his total BTC holdings... something like less than 10%

[fonzie]

i almost feel like selling virtex is a good 10$ higher than it normally would be, very unusual

You´re gonna end like BillieJoeAllen!

Yeah.... whatever happened to that poster?  He was here all of the time, and then Wheewwft, Gone....

He said that he was ONLY trading a small percentage of his total BTC holdings... something like less than 10%

In reality he probably went short max leveraged with 100% of his holdings @430$ , right after he took that hit when he went long@530$ before we crashed to 420$.
That was aorund the last time i saw him postin here.

[aminorex]

BJA was here to get information and ideas and ego strokes.  When he concluded that he was getting disinformation, poor ideas, and disrespect, he moved on.  Clever fellow.

[JayJuanGee]

i almost feel like selling virtex is a good 10$ higher than it normally would be, very unusual

You´re gonna end like BillieJoeAllen!

Yeah.... whatever happened to that poster?  He was here all of the time, and then Wheewwft, Gone....

He said that he was ONLY trading a small percentage of his total BTC holdings... something like less than 10%

In reality he probably went short max leveraged with 100% of his holdings @430$ 

In other words, a guy in this forum was lying to us.... ?   HM?   

[ChartBuddy]

Explanation

[Raystonn]

Got your bids filled, Adam?  We backed the train up just so you could hop on.  It's not a fun trip without free beer the whole way.

[adamstgBit]

Got your bids filled, Adam?  We backed the train up just so you could hop on.  It's not a fun trip without free beer the whole way.

soon sellers gana sell on virtex, i will get what i want.

keep it on the down low

[hyphymikey]

It's like the blind trading with the blind in this market.