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

[Sandia]

LMAO, you can buy 1880 ETH per BTC now,

or

Mircea Popescu is offering up 5000 ETH per BTC in 8 months from now, 2.5x more ETH per BTC than the best rate being offered by Ethereum during the Genesis Sale.vii Effectively, MP is allowing you to “go long” ETH.

http://contravex.com/2014/07/23/a-guide-to-buying-5000-ether-bitcoin-2-5x-more-than-ethereums-genesis-sale/

ata deal!

I am not a fan of MP, but that is just brilliant.  As he says, if there are any real investors (not just the insiders), they will buy from him.  If no one buys, there are no real investors.

[molecular]

sentiment of bitcoiners seems quite negative against ethereum.

people fear what they don't understand, I guess. Or maybe it's envy these guys are being swamped with coins.

btw: not saying ETH is a good investment, I have strong doubts. Ethereum being successful does not necessaril imply ETH will be valuable.

also: I'm not endorsing ethereum, I just think it's highly interesting, mainly from a technical perspective and for the implications it might have (which I can't yet fully imagine). Unsure who's really behind it, either, and what the larger plan is there...

One thing I can say for sure, though: comparing ethereum to any old altcoin pump & dump is just fucking lame. If you do that you're either too lazy to take a look at what it is and therefore ignorant, or you are hostile against it for some reason and spreading fud.

It is interesting yea as a concept (and they still didn't deliever) and like I said this is project for VC and not Bitcoiners who mostly want to increase their BTC count - so most of investors will be dissapointed probably.

Yes, very likely they will. I invested donated some and consider that "funding development".

If people expect to "make more coins" with that, they will likely be disappointed... at least for a long time.

[MoreFun]

sentiment of bitcoiners seems quite negative against ethereum.

people fear what they don't understand, I guess. Or maybe it's envy these guys are being swamped with coins.

btw: not saying ETH is a good investment, I have strong doubts. Ethereum being successful does not necessaril imply ETH will be valuable.

also: I'm not endorsing ethereum, I just think it's highly interesting, mainly from a technical perspective and for the implications it might have (which I can't yet fully imagine). Unsure who's really behind it, either, and what the larger plan is there...

One thing I can say for sure, though: comparing ethereum to any old altcoin pump & dump is just fucking lame. If you do that you're either too lazy to take a look at what it is and therefore ignorant, or you are hostile against it for some reason and spreading fud.

It is interesting yea as a concept (and they still didn't deliever) and like I said this is project for VC and not Bitcoiners who mostly want to increase their BTC count - so most of investors will be dissapointed probably.

Yes, very likely they will. I invested donated some and consider that "funding development".

If people expect to "make more coins" with that, they will likely be disappointed... at least for a long time.

Yes, I added bottom line to my previous post before seen yours (very similar). And this is all what I wanted to warn Bitcoiners in this section when majority wants to make their BTC investment grow. No FUD or anything.

[ChartBuddy]

Explanation

[Junkbarman]

The FUD is working.

[freedomno1]

sentiment of bitcoiners seems quite negative against ethereum.

people fear what they don't understand, I guess. Or maybe it's envy these guys are being swamped with coins.

btw: not saying ETH is a good investment, I have strong doubts. Ethereum being successful does not necessaril imply ETH will be valuable.

also: I'm not endorsing ethereum, I just think it's highly interesting, mainly from a technical perspective and for the implications it might have (which I can't yet fully imagine). Unsure who's really behind it, either, and what the larger plan is there...

One thing I can say for sure, though: comparing ethereum to any old altcoin pump & dump is just fucking lame. If you do that you're either too lazy to take a look at what it is and therefore ignorant, or you are hostile against it for some reason and spreading fud.

It is interesting yea as a concept (and they still didn't deliever) and like I said this is project for VC and not Bitcoiners who mostly want to increase their BTC count - so most of investors will be dissapointed probably.

Yes, very likely they will. I invested donated some and consider that "funding development".

If people expect to "make more coins" with that, they will likely be disappointed... at least for a long time.

Oh I expect to make a turnover on it but when the system is fully launched and working
During the period where the price drops when it enters into an exchange ^_^.
But I'll have my bitcoins working in the meanwhile lol.

[windjc]

sentiment of bitcoiners seems quite negative against ethereum.

people fear what they don't understand, I guess. Or maybe it's envy these guys are being swamped with coins.

btw: not saying ETH is a good investment, I have strong doubts. Ethereum being successful does not necessaril imply ETH will be valuable.

also: I'm not endorsing ethereum, I just think it's highly interesting, mainly from a technical perspective and for the implications it might have (which I can't yet fully imagine). Unsure who's really behind it, either, and what the larger plan is there...

One thing I can say for sure, though: comparing ethereum to any old altcoin pump & dump is just fucking lame. If you do that you're either too lazy to take a look at what it is and therefore ignorant, or you are hostile against it for some reason and spreading fud.

It is interesting yea as a concept (and they still didn't deliever) and like I said this is project for VC and not Bitcoiners who mostly want to increase their BTC count - so most of investors will be dissapointed probably.

Yes, very likely they will. I invested donated some and consider that "funding development".

If people expect to "make more coins" with that, they will likely be disappointed... at least for a long time.

Oh I expect to make a turnover on it but when the system is fully launched and working
During the period where the price drops when it enters into an exchange ^_^.
But I'll have my bitcoins working in the meanwhile lol.

MP is a genius. Ethereum is going to be worth 1/10-1/50 its current price sometime within 6 months after it launches.

I still dont think it will be a great investment then. It stands to make its developers and VC investors a shit ton of money though.

[ChartBuddy]

Explanation

[Newbie1022]

Bloodbath back on? Way too early to tell... but the leveraged land of OKCoin is picking up steam towards a rout.

[Newbie1022]

[byronbb]

edit


The first large spike should be shifted a bit to the left to match up with the 1st huge selloff.

[JayJuanGee]

O.K..... So fucking what?   If BTC does NOT last 20 years, then who gives a flying fuck.  There is a lot of time between NOW and 20 years to adjust our investment portfolio.

  We are investing today, and we can cross that next investment decision bridge when we get there or if we get there.  For NOW, BTC is one of the best investment vehicles in town.... so why NOT invest into it, and see where it goes?     If in 1 year or 2 years or 5 years, we need to reassess the situation and reassess our investment portfolio, then we will reassess the situation at that time.

I don't know why you are frustrated ? did I say it is not ? because now you are putting words on my mouth, the thing is like we say here: you are jerking off the air, I don't understand about what you are getting pissed off?

You seem to have a reading comprehension problem, or possibly a cultural comprehension problems.  You may NOT even know what the word "comprehension" means.          

In essence, you are reading too much into my emphasizing a point.  I make a point by saying : "so fucking what??"   That does NOT indicate that I am frustrated, it merely indicates that I am emphasizing my point that your comment is nearly completely irrelevant and quasi-retarded.

As far as words in your mouth... you are putting your own stupid words in your mouth, I need NOT assist you with your stupidity.  I'm sad for you  , yet I do NOT see any reason to repeat what I have already said... read above

[ChartBuddy]

Explanation

[JayJuanGee]

4-5k BTC to be dumped on the market within next 48h

https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/

25,258.21172894 BTC is at "Exodus address".


https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

 ... seems like, people love to throw out money. :-)

One of the most amazing things I've ever seen.

What is so amazing?  They sold a bunch of Ethereum, and then they are cashing out in increments in order to pay for some "business expenses."   Are the amounts off or what?

The fact that people have already donated 25K+ btc to Etherium and when/if it launches the market is going to crash.

Meanwhile, Ether is inflationary and its market concepts work to lessen the value of Ether over time as well.

Its a horrible horrible investment. Horrible.

And yet countless people are throwing their money away at it.

O.k.  Thanks that explains your earlier comment and makes sense.

[JayJuanGee]

Wow, that's a lot of BTC people put in. Never understood why I should buy Ether, myself. Any thoughts on whether this 25k+ BTC might have a negative impact on BTC/USD?

I think only negative impact on ETH stockholders.

But in the blog, they're talking about literally dumping some of the BTC on the market for expenses payable in fiat currency. How much is not clear. I suppose those with debt payable in BTC were likely to have held in the first place, though.

It is very good for Bitcoin. Cheap coins will change hands.

Ah, sure, I didn't mean "bad for bitcoin"... by negative impact on BTC/USD, I just meant a downward pressure on the price. The whole thing is a bit opaque, though. Not clear to me how much it could affect that.

There are almost 4k BTC minted daily. ... ( so wait one more week)

Minor technicality:  I would NOT call 3,600 BTC daily as almost 4k BTC daily. 

[ChartBuddy]

Explanation

[aminorex]

monkey says down

Monkey bought Ethereum? 

Monkey nae ken Ethereum, but as for me I would short it by order of magnitude.

[aminorex]

Minor technicality:  I would NOT call 3,600 BTC daily as almost 4k BTC daily. 

I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point.  I should check.  If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract.  Which in turn is indicative of a massive bubble imminent.  But I haven't checked yet.

[mooncake]

edit


The first large spike should be shifted a bit to the left to match up with the 1st huge selloff.

You are trying to say that the selloff is corelated to the bitcoin days destroyed or am I missing something here?

[Dabs]

Looking good. I mean, for those people who are wanting to buy.