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

[gkv9]

price back to 270

this btc price really remind me of p2pool hashrate.  keep bouncing up and down

you must have missed what adam guerbuez said: " the roller coaster that make the current previous roller coaster nothing" ....

Lolz, that guy's been nowhere since these days, but still don't know why people are promoting him a lot...
Some may still ask you "Who is Adam Guerbuez"?

sometimes .....i talk trash just for heck of it .

No probs at all... But he seems to be off these days, that's what I said... I don't think whether I offended you...

[1715071717]

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[1715071717]

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[NotHatinJustTrollin]

lol

https://www.reddit.com/r/Bitcoin/comments/2y0j94/will_do_everything_for_1_bitcoin_yes_everything/

[gkv9]

Wow, just saw the Poll asking for $32k BTC in 2017 or not...
It's awesome to see so many people positive on that... Still, not some "To Da Moon" type talks...

When we look 2 years ahead in Bitcoin it could just as well be 200 years. I voted what I wanted to happen, I think most did.

Even my opinion was the same, who else doesn't want their coins to be valued such high?
But, it needs too much stress to be taken by the big boys in order for BTC to see $32k even in the next decade.

[ChartBuddy]

Coin
Explanation

[ElectricMucus]

Adam Guerbuez is the false prophet.


Kim Dotcom is our true leader.

The better fed the guru, the more reliable.

One thing that's common in both is, both are fat asses and nobody knows what they will be spitting the next minute out of their mouth...

Kim.com is way fatter, so it's him. He's almost two Karpeles.

[billyjoeallen]

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

[SkyValeey]

All 3 - Kim, Adam, karpeles - fat fucks! won't see any of them at gym or running lol.
But in macdonalds - oh yes

[ElectricMucus]

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

Cherish this day: Coinbase will announce to openly buy Bitcoins with the VC money.

[gkv9]

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

If it ain't, then why is it still in the talks and making people think they will see some hikes because of this?
Everyone's talking about the roller-coasters, I think we should let them talk and the naked price action will speak soon.

You are true, there's actually nothing surprising as there are exchanges where whales can buy those many coins without just going for an auction and harm their anonymity...

[JorgeStolfi]

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

Cherish this day: Coinbase will announce to openly buy Bitcoins with the VC money.

Charles Lee was asked about that, he said that they cannot use their VC to play the market. (Which makes obvious sense.  Why would you give your money to someone else, for him to gamble with?)

[ElectricMucus]

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

Cherish this day: Coinbase will announce to openly buy Bitcoins with the VC money.

Charles Lee was asked about that, he said that they cannot use their VC to play the market. (Which makes obvious sense.  Why would you give your money to someone else to gamble at Las Vegas?)

That doesn't mean they won't use them to pay out merchants and keep the Bitcoins, which for all intents and purposes is the same thing. And they can change their mind or have lied.

[billyjoeallen]

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

Cherish this day: Coinbase will announce to openly buy Bitcoins with the VC money.

They don't have to do that nor should they. It doesn't mean they won't do that as that reckless "moon" stunt proved, but hopefully they can be more subtle. All they need to do is keep the btc they earn as fees in a reserve account and use the VC money to meet operating expenses. The effect is the same as buying bitcoins. (because they are not selling coins they otherwise would sell.)

[ElectricMucus]

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

Cherish this day: Coinbase will announce to openly buy Bitcoins with the VC money.

They don't have to do that nor should they. It doesn't mean they won't do that as that reckless "moon" stunt proved, but hopefully they can be more subtle. All they need to do is keep the btc they earn as fees in a reserve account and use the VC money to meet operating expenses. The effect is the same as buying bitcoins. (because they are not selling coins they otherwise would sell.)

Operating expenses is not the same thing as paying out merchants who want cash. The only expenses they have are hosting and salaries and if they need VC money for that they would be a failure from the beginning.

[sAt0sHiFanClub]

keep the btc they earn as fees in a reserve account and use the VC money to meet operating expenses.

Yeah, thats what VC's do all the time - "here is some cash, please burn it as quickly as you can....  on DA WAY TO DA MOON!!"

Talk sense, man!

[billyjoeallen]

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

Cherish this day: Coinbase will announce to openly buy Bitcoins with the VC money.

They don't have to do that nor should they. It doesn't mean they won't do that as that reckless "moon" stunt proved, but hopefully they can be more subtle. All they need to do is keep the btc they earn as fees in a reserve account and use the VC money to meet operating expenses. The effect is the same as buying bitcoins. (because they are not selling coins they otherwise would sell.)

Operating expenses is not the same thing as paying out merchants who want cash.

of course it isn't the same. Who is saying it is? Who is saying they have any plans to cash out vendors with VC money?

[ElectricMucus]

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

Cherish this day: Coinbase will announce to openly buy Bitcoins with the VC money.

They don't have to do that nor should they. It doesn't mean they won't do that as that reckless "moon" stunt proved, but hopefully they can be more subtle. All they need to do is keep the btc they earn as fees in a reserve account and use the VC money to meet operating expenses. The effect is the same as buying bitcoins. (because they are not selling coins they otherwise would sell.)

Operating expenses is not the same thing as paying out merchants who want cash.

of course it isn't the same. Who is saying it is? Who is saying they have any plans to cash out vendors with VC money?

I think there is a strong possibility. It's the obvious thing to do. Can even be part of their "business model"...

[dakota neat]

with the next leg up fomo will kick in hard

[billyjoeallen]

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

Cherish this day: Coinbase will announce to openly buy Bitcoins with the VC money.

They don't have to do that nor should they. It doesn't mean they won't do that as that reckless "moon" stunt proved, but hopefully they can be more subtle. All they need to do is keep the btc they earn as fees in a reserve account and use the VC money to meet operating expenses. The effect is the same as buying bitcoins. (because they are not selling coins they otherwise would sell.)

Operating expenses is not the same thing as paying out merchants who want cash.

of course it isn't the same. Who is saying it is? Who is saying they have any plans to cash out vendors with VC money?

I think there is a strong possibility. It's the obvious thing to do. Can even be part of their "business model"...

They need to spend that money getting licensed in the states they don't operate in yet.

[ChartBuddy]

Coin
Explanation

[Cassius]

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

Surely there are enough ways to buy off-exchange? Anyone with a lot of money would want to explore those before buying from Coinbase/Stamp wherever. I suppose the auction is the only sure way to get hold of a very large slab of coins at once, but buying on an exchange would be a last resort.