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

[gentlemand]

I'm still :

I like how enthusiastic you are about bitcoin but seriously, if you are not stupid from 600~ you could see what is happening (miners dumping coins pushing price down) so you could have 2x more coins than you have.

Hindsight is a wonderful thing.

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[cbeast]

I'm still :

I like how enthusiastic you are about bitcoin but seriously, if you are not stupid from 600~ you could see what is happening (miners dumping coins pushing price down) so you could have 2x more coins than you have.

Hindsight is a wonderful thing.

Lots of Captain Hindsights here.

[hdbuck]

I'm still :

Redsn0w thinks we're all like

http://s27.postimg.org/dsvai0vxv/hodl.gif

...but we're all like

http://s28.postimg.org/79b92yiu5/szabo.jpg

Plz continue losing money for our amusement.

as long as he is not loosing bitcoins..

[spooderman]

2014 = super shit
2015 = slow steady rise out of the swamp
2016 = new highs again, but not done frantically, just gently
end of 2016 = block reward halves, sparks new 5k-10k territory.

Is one possible outcome.....

[JayJuanGee]

Price movement may be related to the Feds flogging thousands today.Well think its today

Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?

those coins will go above marketprice 

The prices paid in the last auction were never released. I doubt the next auction's prices paid will be released either.

Yeah, but we all know that a reasonable inference is that the bitcoins sold for well over 10% of the then market price b/c otherwise Draper would NOT have been able to win all 10 blocks.  The then BTC market price was around $600, and it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.

It's all guesswork. The only bidder who revealed what he bid offered a price well below market price (and we only have his word that he's telling the truth).

You are saying it is guess work, and I am saying that a reasonable inference can be made that the price was higher than $650 and likely closer to $700.  That is not guess work, but deciding what is the most logical conclusion based on the known information.  Now, on the other hand, if someone provides more information, then we can adjust what it is the most logical inference based on the incorporation of that new information into the mix.

[JayJuanGee]

... it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.

Or even a million dollars...

No  one is saying that.. you dufus!!!!   

[600watt]

2014 = super shit
2015 = slow steady rise out of the swamp
2016 = new highs again, but not done frantically, just gently
end of 2016 = block reward halves, sparks new 50k-100k territory.

Is one possible outcome.....

 

[redsn0w]

2014 = super shit
2015 = slow steady rise out of the swamp
2016 = new highs again, but not done frantically, just gently
end of 2016 = block reward halves, sparks new 5k-10k* territory.

Is one possible outcome.....

* Maybe 1k-2k $ is really possible , but $ 10k is to high...

[JayJuanGee]

... it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.

Or even a million dollars...

Well played!

What is so well played about it?  Are you a dufus, also?       

[JayJuanGee]

I'm still :

I like how enthusiastic you are about bitcoin but seriously, if you are not stupid from 600~ you could see what is happening (miners dumping coins pushing price down) so you could have 2x more coins than you have.

Hello??   Miners are NOT dumping bitcoin.  Miners are generally bullish about bitcoin and generally holders.  So the miners dumping coins theory is incomplete and misleading.

[Newbie1022]

... it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.

Or even a million dollars...

Well played!

What is so well played about it?  Are you a dufus, also?       

One million dollar jokes are universally funny... and frankly, I'm surprised one of the fanatics didn't say it in sincerity. It was well played... just a humorous comment.

[cbeast]

... it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.

Or even a million dollars...

Well played!

What is so well played about it?  Are you a dufus, also?       

no kidding. page 9964  

[Newbie1022]

Dude, are you guys going all echo chamber enforcer madness on us. Because, I'm actually holding some coins right now (and probably will be for a solid amount of time -- we shouldn't go below our last proximate low... even on the news.

Anyhow, chill.

[NotLambchop]

Plz continue losing money for our amusement.

I'm not losing nothing , be patient .
...

Yeah, the old "you don't lose unless you sell" ridiculousness.
I have a foolproof investment opportunity for you, the NotLambchop Toilet Investments LTD.  I'm telling you that you will make money.
To invest, here's what you do:

1. Carefully deposit money into your toilet.
2. Flush.
3. Flush again.
4. Never sell.
5. ? ? ?
6. PROFIT!

Since there is a chance [no matter how infinitesimal] that I am not lying, and there's no chance of you losing any money by following my ingenious plan, why not invest

[ssmc2]

2014 = super shit
2015 = slow steady rise out of the swamp
2016 = new highs again, but not done frantically, just gently
end of 2016 = block reward halves, sparks new 5k-10k* territory.

Is one possible outcome.....

* Maybe 1k-2k $ is really possible , but $ 10k is to high...

Based on what?

[ChartBuddy]

Explanation

[NotLambchop]

2014 = super shit
2015 = slow steady rise out of the swamp
2016 = new highs again, but not done frantically, just gently
end of 2016 = block reward halves, sparks new 5k-10k* territory.

Is one possible outcome.....

* Maybe 1k-2k $ is really possible , but $ 10k is to high...

Based on what?

On my scientifical prognosis:

[redsn0w]

Plz continue losing money for our amusement.

I'm not losing nothing , be patient .
...

Yeah, the old "you don't lose unless you sell" ridiculousness.
I have a foolproof investment opportunity for you, the NotLambchop Toilet Investments LTD.  I'm telling you that you will make money.
To invest, here's what you do:

1. Carefully deposit money into your toilet.
2. Flush.
3. Flush again.
4. Never sell.
5. ? ? ?
6. PROFIT!

Since there is a chance [no matter how infinitesimal] that I am not lying, and there's no chance of you losing any money by following my ingenious plan, why not invest

I just told you I'm not losing nothing , but you don't understand .

2014 = super shit
2015 = slow steady rise out of the swamp
2016 = new highs again, but not done frantically, just gently
end of 2016 = block reward halves, sparks new 5k-10k* territory.

Is one possible outcome.....

* Maybe 1k-2k $ is really possible , but $ 10k is to high...

Based on what?

I don't know , it is only my personal opinion . When the block reward will halve the price will "be forced"  to go high a little more.

[NotLambchop]

Plz continue losing money for our amusement.

I'm not losing nothing , be patient .
...

Yeah, the old "you don't lose unless you sell" ridiculousness.
I have a foolproof investment opportunity for you, the NotLambchop Toilet Investments LTD.  I'm telling you that you will make money.
To invest, here's what you do:

1. Carefully deposit money into your toilet.
2. Flush.
3. Flush again.
4. Never sell.
5. ? ? ?
6. PROFIT!

Since there is a chance [no matter how infinitesimal] that I am not lying, and there's no chance of you losing any money by following my ingenious plan, why not invest

I just told you I'm not losing nothing , but you don't understand .

Is there an adult near you who I could talk to, or are you alone in the house?

[JorgeStolfi]

Miners are NOT dumping bitcoin.  Miners are generally bullish about bitcoin and generally holders.

Is there any evidence for that claim (other than some big miners saying so)?