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

[BlindMayorBitcorn]

About the winners:

Among the companies at the forefront of this move is DRW Holdings LLC, a high-frequency trading firm in Chicago founded by former options-pit trader Donald Wilson in 1992. DRW is a founding investor in a new bitcoin financial-services firm called Digital Asset Holdings that launched last month. Cumberland Mining & Materials LLC, a DRW subsidiary, has “begun to experiment with cryptocurrency trading,” DRW said.

Itbit's OTC desk got a consortium together for 5 blocks as well, min 10k coins.

+3000 coins in March. Both March winners won again then.

[1714727525]

1714727525

[1714727525]

1714727525

[Flowing Water On Mars]

https://i.imgur.com/OhqIX6L.pnghttps://i.imgur.com/qacPOpY.pnghttps://i.imgur.com/ETbGPPP.pnghttps://i.imgur.com/5tt2RS9.pngCoinhttps://i.imgur.com/I0kE5Wt.png
https://i.imgur.com/EDloGrT.png
Explanation

Pump is on the way. China is buying slowly now. Tomorrow $400+ again.

[Hyperjacked]

...
Considering that Bitcoin exchanges are all unregulated, and considering market manipulation is one sure fire way of making the market doing what you want it do, which also happens to mean mega profits for the market maker, I would say that it was extremely naive to believe anything other than these markets are severely manipulated.

And, knowing that, you still chose to trade BTC, and even rely on TA to rationalize your trades

Yep, technicals moulded into being by the market makers.

creating a new reality within the parameters...

[JayJuanGee]

BillyJoeAllen are you taking payments from any other people, organisations or entities to shill/push various positions, opinions on these boards?

hahahahaha

Would he admit it if it were true?   

I want to see him deny it ... and then watch what happens

Yeah, he better say something.  That Fuck. 

He's frequently coming up with a variety of hairballed theories.

[ssmc2]

About the winners:

Among the companies at the forefront of this move is DRW Holdings LLC, a high-frequency trading firm in Chicago founded by former options-pit trader Donald Wilson in 1992. DRW is a founding investor in a new bitcoin financial-services firm called Digital Asset Holdings that launched last month. Cumberland Mining & Materials LLC, a DRW subsidiary, has “begun to experiment with cryptocurrency trading,” DRW said.

That is very interesting. That's Blythe Master's box.

If I'm not mistaken this is their second purchase amounting to well over five digits in bitcoins.

Blythe has been buying ladies and gentlemen?

Have you?

This is uber fucking bullish

[Hyperjacked]

About the winners:

Among the companies at the forefront of this move is DRW Holdings LLC, a high-frequency trading firm in Chicago founded by former options-pit trader Donald Wilson in 1992. DRW is a founding investor in a new bitcoin financial-services firm called Digital Asset Holdings that launched last month. Cumberland Mining & Materials LLC, a DRW subsidiary, has “begun to experiment with cryptocurrency trading,” DRW said.

That is very interesting. That's Blythe Master's box.

If I'm not mistaken this is their second purchase amounting to well over five digits in bitcoins.

Blythe has been buying ladies and gentlemen?

Have you?

This is uber fucking bullish

I've been saying this for months... 

[JorgeStolfi]

I really hope this is Stofl's campus
Brazilian University Accepts Bitcoin, Installs Campus ATM

Thank god, no.  It is a minor private school in São Paulo, and the course is a weekend extension one.

Time to refusbish my warning blurb...

[BlindMayorBitcorn]

I really hope this is Stolfi's campus
Brazilian University Accepts Bitcoin, Installs Campus ATM

Thank god, no.  It is a minor private school in São Paulo, and the course is a weekend extension one.

Time to refurbish my warning blurb...

Sorry professor, I misspelled you. Fixed.

Here's our Stolfi:

http://motherboard.vice.com/read/bitcoin-is-unsustainable

Bitcoin can currently handle up to 360,000 transactions per day given current limitations built into the technology, according to Jorge Stolfi, a computer science professor from Campinas University in Brazil, so there’s some headroom left before things bog down.

[marcus_of_augustus]

...
Considering that Bitcoin exchanges are all unregulated, and considering market manipulation is one sure fire way of making the market doing what you want it do, which also happens to mean mega profits for the market maker, I would say that it was extremely naive to believe anything other than these markets are severely manipulated.

And, knowing that, you still chose to trade BTC, and even rely on TA to rationalize your trades

@marcus_of_augustus: he gets paid by the same TLAs I do.

loser ... I heard VCs and Banks are paying much better these days.

[European Central Bank]

loser ... I heard VCs and Banks are paying much better these days.

Correct. We pay our posters up to 5 Euros per 1000 new accounts created here.

[BlindMayorBitcorn]

http://www.dailydot.com/politics/psyco-ukraine-dark-net-market-dead-drop/

One gram of speed—amphetamine sulfate is the kind of stuff that can induce euphoria, drench you in sweat, and skip your heartbeat—costs 250 Ukrainian Hryvnia ($11 US dollars) paid for in Bitcoin, a cheap buy for a big high.  

fyi

[ChartBuddy]

Coin

Explanation

[JorgeStolfi]

Here's our Stolfi:

http://motherboard.vice.com/read/bitcoin-is-unsustainable

Bitcoin can currently handle up to 360,000 transactions per day given current limitations built into the technology, according to Jorge Stolfi, a computer science professor from Campinas University in Brazil, so there’s some headroom left before things bog down.

That article is based on an old email interview.  At the time we had rather optimistic estimates of the network's capacity.  Today, thanks to the "stress tests", we know that it is only ~240'000 tx/day, not 350'000.  Moreover, traffic has increased, and it probably hit that wall for several hours on 2015-11-05, at or just after the peak of the "MMM bubble". 

The article does not report well what I wrote.  The author seemed bent on pushing the idea that the price is determined by the energy spent.  I insisted that the causality goes the other way -- speculation defines the price, and the price then determines the energy consumed -- but he mostly ignored that nuance.

PS. Not that the distance matters, but that private school is in São Paulo (city). I am in Campinas, about 100 km NW of São Paulo. Both cities are in the State of São Paulo.

More worring than that guy was this talk by a prof at FGV, a prestigious economics and management school in Rio de Janeiro.  It was like Andreas in 2013, only that less coherent... 

[BlindMayorBitcorn]

A Bitcornucopian is a futurist who believes that continued progress and provision of material items for mankind can be met by similarly continued advances in technology. Fundamentally they believe that there is enough matter and energy on the Earth to provide for the ever-rising population of the world.

sauce

[brg444]

About the winners:

Among the companies at the forefront of this move is DRW Holdings LLC, a high-frequency trading firm in Chicago founded by former options-pit trader Donald Wilson in 1992. DRW is a founding investor in a new bitcoin financial-services firm called Digital Asset Holdings that launched last month. Cumberland Mining & Materials LLC, a DRW subsidiary, has “begun to experiment with cryptocurrency trading,” DRW said.

That is very interesting. That's Blythe Master's box.

If I'm not mistaken this is their second purchase amounting to well over five digits in bitcoins.

Blythe has been buying ladies and gentlemen?

Have you?

This is uber fucking bullish

Yep. 50,000BTC+ and counting. Whale.

[gentlemand]

About the winners:

Among the companies at the forefront of this move is DRW Holdings LLC, a high-frequency trading firm in Chicago founded by former options-pit trader Donald Wilson in 1992. DRW is a founding investor in a new bitcoin financial-services firm called Digital Asset Holdings that launched last month. Cumberland Mining & Materials LLC, a DRW subsidiary, has “begun to experiment with cryptocurrency trading,” DRW said.

That's pretty juicy. I'm surprised that info was released.

[Cconvert2G36]

[ChartBuddy]

Coin

Explanation

[brg444]

About the winners:

Among the companies at the forefront of this move is DRW Holdings LLC, a high-frequency trading firm in Chicago founded by former options-pit trader Donald Wilson in 1992. DRW is a founding investor in a new bitcoin financial-services firm called Digital Asset Holdings that launched last month. Cumberland Mining & Materials LLC, a DRW subsidiary, has “begun to experiment with cryptocurrency trading,” DRW said.

That's pretty juicy. I'm surprised that info was released.

To be clear that is from a previous article from WSJ back in March. It was apparently revealed today that another winning lot was linked to them.

http://www.wsj.com/articles/big-investor-involvement-could-boost-bitcoin-1428259814

[natewelt]

2500

Don't mind me. Just recycling.