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

[lay785]

wtf just happened on huobi?

30k btc trade but no movement....

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[criptix]

[ Institutional funds ] would never, ever, send money to unregulated exchanges. It's simply against their basic policies. Institutional money has no mechanism of acquiring significant amount of BTC, except for the FBI auctions which is not usual way how they do business. Even if they want to buy BTC they can't, putting aside question whether they want to do that or not. That's why I've said any "good-intended" announcement of big money entering BTC which ends up being false, leaves much more damage then idiot who announced it imagined.

Can't such a fund strike a private contract with a sufficiently reliable middleman, who would buy the bitcoins on the exchanges or other places, shouldering the risks, and then sell them to the fund?

yeah like SecondMarket, in the future COIN and other ETF's and etc.

[noobtrader]

This is just in:

Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am

http://bit.ly/1zvWCSm

now this is interesting moves, this makes shanghai stock exchange become international stock exchange...

[inca]

wtf just happened on huobi?

30k btc trade but no movement....

Look at the orderbook on huobi to see the truth. The volume is almost entirely fallacious.

[sAt0sHiFanClub]

I found it more interesting how people are willing to pay much more for btc/shares or anything else on one regulated market rather on those shady exchanges most of us are using... We all know those exchanges probably won't survive in next years, because regulated and trusted exchanges will surpass them. So question here is, who will go down first? My guess is Bitfinex. They probably already working on fractional reserves, not to mention they are under big manipulation.

It is just heavily short whales dumping the price lower to prevent buying in response to GBTC trading at a hefty premium to the exchange price. If a 5000 coin transaction goes through then things could get interesting really quick.

Ah, come on. You don't really believe that now, do you? The only response to GBTC was to sell, since the dreamed about take off did not happen.

Nobody needed to do anything to "Prevent buying" anywhere. That is just nonsense, and I have a feeling you know it too.

 

[sAt0sHiFanClub]

Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am


Fixed that, Only the first 6 words relevent to bitcoiners, the rest is just noise.  

[inca]

I found it more interesting how people are willing to pay much more for btc/shares or anything else on one regulated market rather on those shady exchanges most of us are using... We all know those exchanges probably won't survive in next years, because regulated and trusted exchanges will surpass them. So question here is, who will go down first? My guess is Bitfinex. They probably already working on fractional reserves, not to mention they are under big manipulation.

It is just heavily short whales dumping the price lower to prevent buying in response to GBTC trading at a hefty premium to the exchange price. If a 5000 coin transaction goes through then things could get interesting really quick.

Ah, come on. You don't really believe that now, do you? The only response to GBTC was to sell, since the dreamed about take off did not happen.

Nobody needed to do anything to "Prevent buying" anywhere. That is just nonsense, and I have a feeling you know it too.

Yeah the price dumping from 238 to 231 in 2 minutes overnight is natural selling.

Anyway after the next three months it won't matter a jot. The log trendline is rapidly falling towards the current price.

[solex]

This is just in:

Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am

http://bit.ly/1zvWCSm

now this is interesting moves, this makes shanghai stock exchange become international stock exchange...

Oooh yes!
Just in time to be the last buyer at the peak of the Shanghai stock bubble, after it has been pumped, hyped, leveraged, fueled by decades of export cash, yuan printing, 16x-annual-income-mortgages residential property market, and eyeballs-deep-in-debt corporate commercial property bubble, and empty cities construction bubble. No more domestic buyers left in China. MUST keep super-Shanghai-super-bubble-stock-market inflated with foreign investor's BTC savings....

MUST be a silver-lining here
http://www.zerohedge.com/news/2015-05-05/china-stocks-tumble-most-4-months-australia-cuts-rates-record-low

[Stevenirving]

Wacky question from someone who has been trading for 4 years now.
If I am just buying and selling at exchanges and this is how I am making my full income do I need some sort of license?
I was out drinking last night and a couple people told me I need a money transmitter license. For some reason I thought this was only for selling coin to people.
Anyone know? Im in the United States BTW

Thanks

You don't need a license.
Just be sure to inform about tax rules.

I'm doing this too since 2013, and from 2015 on this is my only profession. Here in the Netherlands the tax climate is quite good for having an income from investing/saving (I pay close to no tax). Not sure about your state.

The US is not a fun place for any of this kind of activity.

My close friend topped nationals with Gravekeepers 6 or 7 years ago.

Big ups to Spy  

[ChartBuddy]

Coin
Explanation

[Fatman3001]

This is just in:

Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am

http://bit.ly/1zvWCSm

now this is interesting moves, this makes shanghai stock exchange become international stock exchange...

Oooh yes!
Just in time to be the last buyer at the peak of the Shanghai stock bubble, after it has been pumped, hyped, leveraged, fueled by decades of export cash, yuan printing, 16x-annual-income-mortgages residential property market, and eyeballs-deep-in-debt corporate commercial property bubble, and empty cities construction bubble. No more domestic buyers left in China. MUST keep super-Shanghai-super-bubble-stock-market inflated with foreign investor's BTC savings....

MUST be a silver-lining here
http://www.zerohedge.com/news/2015-05-05/china-stocks-tumble-most-4-months-australia-cuts-rates-record-low

The chinese government is quite good at their game of "pick-up sticks", but it can't go on forever. In a democratic country that could cost you an election. Could be interesting to see if The Communist Party will experience something similar.

[JorgeStolfi]

Could it be that the rises of April 30 and/or May 3 were due to the expectation of BIT trading on OTCQX, and the current dump is due to the disappointing volume there? 

Or perhaps they were due to the 100 M$ Circle investment nws, and disappointment with that?

Can't [ a big investment ] fund strike a private contract with a sufficiently reliable middleman, who would buy the bitcoins on the exchanges or other places, shouldering the risks, and then sell them to the fund?

yeah like SecondMarket, in the future COIN and other ETF's and etc.

Shares of BIT and COIN and PBP etc. are IOUs for bitcoins that are held by the respective companies.  The question is why  can't  institutional funds invest in actual bitcoins directly, but using a middleman to avoid the risk of sending money to foreign/unregulated exchanges.

Why does [ the GBTC page ] say approximately 0.1 bitcoin, and not exactly 0.1 bitcoin per share?

Fees.

Indeed, there is a one-time fee when redeeming or issuing the shares, plus something like an administration fee of 2% for each year that the bitcoins sit at Greyscale.

So BIT does provide something that you don't get by buying raw bitcoins: perpetual inflation. 

So, now that Silbert and GBTC has fallen a little flat, who is the next Messiah^tm in the pipeline?

http://np.reddit.com/r/Buttcoin/comments/34assy/the_list_of_things_that_are_going_to_save_buttcoin/

[noobtrader]

This is just in:

Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am

http://bit.ly/1zvWCSm

now this is interesting moves, this makes shanghai stock exchange become international stock exchange...

Oooh yes!
Just in time to be the last buyer at the peak of the Shanghai stock bubble, after it has been pumped, hyped, leveraged, fueled by decades of export cash, yuan printing, 16x-annual-income-mortgages residential property market, and eyeballs-deep-in-debt corporate commercial property bubble, and empty cities construction bubble. No more domestic buyers left in China. MUST keep super-Shanghai-super-bubble-stock-market inflated with foreign investor's BTC savings....

MUST be a silver-lining here
http://www.zerohedge.com/news/2015-05-05/china-stocks-tumble-most-4-months-australia-cuts-rates-record-low

just read that shanghai stock exchange crashed... 

man, you were right. it all makes sense now.

[Fatman3001]

Coin
Explanation

That's a shame.

Nothing to worry about. Just more coiling. Like a spring. Like a cobra, getting ready to strike. Like a pig, readying to take to the sky and SOAR!
I'm guardedly optimistic.
Good morning to you, lunatics gentlemen.

Good morning NLC

Are you really BMB?

[Fatman3001]

^ BMB? <-I know I'll regret asking...

I understand. Mum's the word.

[ChartBuddy]

Coin
Explanation

[empowering]

MPID    Ask Price    Size    Date/Time
CSTI   50000.00   100   08:53

 

[Fatman3001]

^ BMB? <-I know I'll regret asking...

I understand. Mum's the word.

Blind Mayor Bitcoin?
Haven't you figured out yet that The Lamb is all that is Ev0l, all that is Wr0ng, Everyth1ng not begging for another spurt from Bitcoin's throbbing, girthy D?
The 0nly Reas0n Bitcoin is not Over 9000 & we're not all sipping umbrella drinks on a beach in Tahiti?

I'll take that as a "yes" then, frenchie

[Fatman3001]

MPID    Ask Price    Size    Date/Time
CSTI   50000.00   100   08:53

 

I'm guessing they're testing the system, but if that gets filled I will buy myself an ice cream.

[empowering]

MPID    Ask Price    Size    Date/Time
CSTI   50000.00   100   08:53

 

I'm guessing they're testing the system, but if that gets filled I will buy myself an ice cream.

Pretty funny either way.

I note the 50000 BID (shares @$350) has disappeared again.... I wonder if it will pop back up in 20 minutes or so.