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

[pjviitas]

this won't be over until the hash rate stops going up and stabilizes for a bit, maybe even goes down

too many idiots dumping money into mining equipment which means that we are still in bubble stage, just like mining gold folks

there is also a lag effect for mining equipment which means that the price will dip a bit to punish the piggies

marginal cost of production - marginal revenue = 0

ain't no different.

When you add the fact that there is a systemic problem with mining Bitcoin its going to get a lot worse before it gets better...I mean how many 1TH/s miners does one think they can plug into a typical 200A house panel?

Sure there may be larger mining facilities out there but they have higher overheads.

I can't help thinking that the Bitcoin Protocol is actually working exactly as its supposed to...the greater the greed eventually everyone loses.

[1714595719]

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[1714595719]

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[prophetx]

why would he cash out in one go. If it was me I would do it gradually, more profit :s

and/or off exchange

he hasn't cashed out in one go

the order is sitting there

waiting

[fonzie]

Even if the wall were eaten, its just going to deplete the market of a huge chunk of money. If its fake? Well.. that seems unlikely considering they are old coins.

It's most likely somebody waiting for fiat to arrive at the exchange to buy more coins (it's fake)

Right, a guy who bought 40000 coins at $9-$11 and hasnt done anything but sell since is going to put a bunch of money in BTC now at $300? Get a grip.

http://bbsimg.ngfiles.com/10/22212000/ngbbs4d0fde07b68f4.jpg[/img]

How do you know he bought at $9-$11?

This is their address:

https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

https://i.imgur.com/7lkSXDG.png[/img]

Hmm, that is slightly worrying... Very strange...

How do we know that this is the address of the guy that owns the wall on Stamp? Did i miss something?

[robinwilliams]

highest price in sept of 2012 was 125

12.5

lol ouch

[mmitech]

Even if the wall were eaten, its just going to deplete the market of a huge chunk of money. If its fake? Well.. that seems unlikely considering they are old coins.

It's most likely somebody waiting for fiat to arrive at the exchange to buy more coins (it's fake)

Right, a guy who bought 40000 coins at $9-$11 and hasnt done anything but sell since is going to put a bunch of money in BTC now at $300? Get a grip.

http://bbsimg.ngfiles.com/10/22212000/ngbbs4d0fde07b68f4.jpg[/img]

How do you know he bought at $9-$11?

https://blockchain.info/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq?filter=0

35,000 btc received on 2013-04-03 20:12:49

Comes from:

https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w 

( transactions in 2012)

What was the price in September 2012?

I say he wants to cash out, there is no incoming btc in 2014 in those address..

highest price in sept of 2012 was 125

nope that was September 2013, September 2012 price was less than $10

[blaaaaacksuit]

Even if the wall were eaten, its just going to deplete the market of a huge chunk of money. If its fake? Well.. that seems unlikely considering they are old coins.

It's most likely somebody waiting for fiat to arrive at the exchange to buy more coins (it's fake)

Right, a guy who bought 40000 coins at $9-$11 and hasnt done anything but sell since is going to put a bunch of money in BTC now at $300? Get a grip.

http://bbsimg.ngfiles.com/10/22212000/ngbbs4d0fde07b68f4.jpg[/img]

How do you know he bought at $9-$11?

This is their address:

https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

https://i.imgur.com/7lkSXDG.png[/img]

Hmm, that is slightly worrying... Very strange...

How do we know that this is the address of the guy that owns the wall on Stamp? Did i miss something?

We dont.  you do know where you are, right?

[Newbie1022]

Well, I just got screwed on the swing back and forth... but, turns out the bottom isn't in. Ergo, short shorts, anybody?

http://www.youtube.com/watch?v=HbLNs5wqsls

[vuduchyld]

Doesn't look like 300 will hold on stamp

[prophetx]

how many people going to be wiring money into bitstamp tomorrow AM? lol

[gnode]

Even if the wall were eaten, its just going to deplete the market of a huge chunk of money. If its fake? Well.. that seems unlikely considering they are old coins.

It's most likely somebody waiting for fiat to arrive at the exchange to buy more coins (it's fake)

Right, a guy who bought 40000 coins at $9-$11 and hasnt done anything but sell since is going to put a bunch of money in BTC now at $300? Get a grip.

http://bbsimg.ngfiles.com/10/22212000/ngbbs4d0fde07b68f4.jpg[/img]

How do you know he bought at $9-$11?

This is their address:

https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

https://i.imgur.com/7lkSXDG.png[/img]

Hmm, that is slightly worrying... Very strange...

How do we know that this is the address of the guy that owns the wall on Stamp? Did i miss something?

We dont.  you do know where you are, right?

Hal Finney's coins

[prophetx]

Even if the wall were eaten, its just going to deplete the market of a huge chunk of money. If its fake? Well.. that seems unlikely considering they are old coins.

It's most likely somebody waiting for fiat to arrive at the exchange to buy more coins (it's fake)

Right, a guy who bought 40000 coins at $9-$11 and hasnt done anything but sell since is going to put a bunch of money in BTC now at $300? Get a grip.

http://bbsimg.ngfiles.com/10/22212000/ngbbs4d0fde07b68f4.jpg[/img]

How do you know he bought at $9-$11?

This is their address:

https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

https://i.imgur.com/7lkSXDG.png[/img]

Hmm, that is slightly worrying... Very strange...

How do we know that this is the address of the guy that owns the wall on Stamp? Did i miss something?

We dont.  you do know where you are, right?

Hal Finney's coins

his moved a while back in the spring from what i recall

[adaseb]

How do you know that deposit address is owned by Bitstamp in the first place?

Could be a coincidence

[tbcoin]

....

How do we know that this is the address of the guy that owns the wall on Stamp? Did i miss something?

We don't know, but we do not believe in coincidences.

A long time holder move about 34,400btc and right after big dumps and epic 30k ask wall...

[uhoh]

That wall is bot controlled... appeared earlier staggered by the dollar. You'd have to be an idiot to put that there unless you wanna scare the shit out of the market. Mission Accomplished.

[inca]

Doesn't look like 300 will hold on stamp

So before I go to sleep.

What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall?

Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins?

Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling.

Theories?

[fonzie]

IS FTC preparing for a pump, or is it alredy over?  I think i´m gonna buy me some.

Fuck me, i missed the FTC pump! Should have bought into like i planned yesterday.

[BlindMayorBitcorn]

Doesn't look like 300 will hold on stamp

So before I go to sleep.

What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall?

Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins?

Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling.

Theories?

One of those sounds right

[vuduchyld]

Doesn't look like 300 will hold on stamp

So before I go to sleep.

What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall?

Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins?

Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling.

Theories?

Well, it's clearly not the best way to sell to maximize profit.  

On the other hand, could be somebody just wants to take their $9 million and live the rest of their life on an island.  That is plenty, I would think.

The thing that makes me think it's unlikely that somebody is just cashing out?  They would have started with about $360,000 when they bought in.  My guess is that most people who would have $360,000 liquid enough to put into BTC would either not need to run with the $9mm right now, or at least they would be savvy enough to avoid selling in a way that is so sub-optimal.

It's really hard to imagine the rationale, unless it's the reverse Willy bot http://bitcoinpricelive.com/chinese-bitcoins-crash-market/

[vuduchyld]

Doesn't look like 300 will hold on stamp

So before I go to sleep.

What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall?

Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins?

Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling.

Theories?

Well, it's clearly not the best way to sell to maximize profit.  

On the other hand, could be somebody just wants to take their $9 million and live the rest of their life on an island.  That is plenty, I would think.

The thing that makes me think it's unlikely that somebody is just cashing out?  They would have started with about $360,000 when they bought in.  My guess is that most people who would have $360,000 liquid enough to put into BTC would either not need to run with the $9mm right now, or at least they would be savvy enough to avoid selling in a way that is so sub-optimal.

It's really hard to imagine the rationale, unless it's the reverse Willy bot http://bitcoinpricelive.com/chinese-bitcoins-crash-market/

(Or, has already been postulated, it's an attempt to move the market.)

[Schickeria]

Doesn't look like 300 will hold on stamp

So before I go to sleep.

What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall?

Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins?

Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling.

Theories?

I guess he/they simple wants sell. Maybe speculated for a double bottom and failed. Now he wants to take the ~9,000,000 USD leave the game. I think: it's an offer, not bearish, not bullish, a simple offer.