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

[fonzie]

Did anybody take notice of the sell orders over more than 1 mio BTC on BTCChina that stopped the last week price surge:

[img]http://farm8.staticflickr.com/7535/15809156512_9473b4d9c4_b.jpg

Seems like Satoshi finally sold a huge part of his stash! We can go up now!

[zeurpiet]

Did anybody take notice of the sell orders over more than 1 mio BTC on BTCChina that stopped the last week price surge:

http://farm8.staticflickr.com/7535/15809156512_9473b4d9c4_b.jpg

no

[ChartBuddy]

Explanation

[brg444]

Fiat is designed to lose value, 2 percent in some countries, 2 1/2 in others. Bitcoin not.

Bitcoin too, until the year 2150 or something !  Although you are right that bitcoin has monetary mass inflation until then, while many central banks have price inflation targets.  The difference between both is (at constant velocity) given by economic growth.  

The danger is altcoins. Altcoins = infinite inflation potential for crypto-currencies as a class.  Though so far they aren't catching on.

###

absolutely correct

i expected them to gain ground in 2014 and to take a big bite out of bitcoins marketcap. but they didnt. with sidechains in the making innovations could eventually build into the bitcoin protocol in the future.

but generally speaking altcoins could act as the inflation that bitcoin was trying to avoid.

altcoins are as inflationary to Bitcoin as my monopoly money is to the USD

[gentlemand]

Fiat is designed to lose value, 2 percent in some countries, 2 1/2 in others. Bitcoin not.

Bitcoin too, until the year 2150 or something !  Although you are right that bitcoin has monetary mass inflation until then, while many central banks have price inflation targets.  The difference between both is (at constant velocity) given by economic growth.  

The danger is altcoins. Altcoins = infinite inflation potential for crypto-currencies as a class.  Though so far they aren't catching on.

The more alts there are, the more toxic they seem, the more credible BTC becomes.

[abercrombie]

I'm nostradamus.  

BTC-e trollbox archive from this morning:  

11/16/2014 10:54:13 AM  abercrombie: it's happening, the march to $400      
11/16/2014 10:54:13 AM  dxchid: when?
11/16/2014 10:54:13 AM  abercrombie: now
11/16/2014 10:54:13 AM  HaroldBawls: abercrombie, exactly now...      
11/16/2014 10:55:12 AM  abercrombie: yes      

[noobtrader]

370s in 3 ... 2 ... 1...

Not looking too promising, gentlemen

When when when?

Never never never!

testing 400 soon

i told ya all.. tehehehehehee

[podyx]

I just bought with a small bit

Expect a dip right now

[hyphymikey]

Glad I bought in with what I had left at stamp. Too bad this rally didnt wait until my fresh fiat arrives. Already maxed my Circle account out lol.

[hyphymikey]

For all those with asks between here and 450:

You're doing it wrong!

[hyphymikey]

so BTCChina sold 1mio mostly fake bitcoins ... OKCoin 'lost' 2300 btc in the same rally ... I smell smoke issuing from broken exchanges as soon as BTC rises, better rather hodl those coins close?

Link?

[SkyValeey]

I just bought with a small bit

Expect a dip right now

Better remove 393 order. Expect 420+ in 24-48h

[DaRude]

Glad I bought in with what I had left at stamp. Too bad this rally didnt wait until my fresh fiat arrives. Already maxed my Circle account out lol.

  That's the whole point. This is in anticipation of fresh fiat hitting exchanges on Monday after that $475 run up.

[Amun]

and I am still waiting on my aproval on stamp to join 

[N12]

Damn. https://www.reddit.com/r/Bitcoin/comments/2mh7dk/valuations_coinbase_400_mil_bitcoin_4000_mil_so/

[zeurpiet]

https://cascade.madmimi.com/promotion_images/0702/2713/original/Denzel-Washington-Boom-Gif.gif?1402703882

[Dotto]

[Amun]

Damn. https://www.reddit.com/r/Bitcoin/comments/2mh7dk/valuations_coinbase_400_mil_bitcoin_4000_mil_so/

what the commentor is saying, it is like comparing apples to oranges

[ChartBuddy]

Explanation

[Amun]

I hope its still over 400 when i wake up tomorrow