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

[MoreFun]

yeah man I really failed hard today trading. shit feeling >.<

Maybe not, large buy at gox ($125) can fix this and drive us much up (but imho not very possible). Don't take my word if serious money is in the game.

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[Patel]

yeah man I really failed hard today trading. shit feeling >.<

Maybe not, large buy at gox ($125) can fix this and drive us much up (but imho not very possible). Don't take my word if serious money is in the game.

Spit happens man, I didn't spend my whole quota so I am going to see where it goes.

[Cablez]

Does anyone have any reasonable speculation about how many bitcoins may have been secured by this 'whale' buyer(s) since the July turnaround?  It must be an immense amount.

Reasonably there wasn't a single whale buyer.

My thoughts as well. I was just curious if anyone had a handle on how much was purchased so far to get us here. The steam engine has to run out some time I would think.

[Tzupy]

Does anyone have any reasonable speculation about how many bitcoins may have been secured by this 'whale' buyer(s) since the July turnaround?  It must be an immense amount.

My estimation was 40k - 50k, but I suspect a good amount were already sold at the 120 - 125 price level.

[neilol]

Combo Breaker

[notme]

thoughts?

They should decentralize?

this is just the beginning of major exchange issues
Once the deflation is in full force, we will see more outages. when selling starts in earnest, NASDAQ, NYSE, etc. servers wont be able to handle it.
it is like 100,000 people trying to escape out of a baseball or soccer stadium at once when only one gate is open...

I wonder, the FED can just buy stocks that are being sold. The engines the exchanges use can handle the volume. I mean the FED is injecting a fair amount of that 85 billion a month into the stock markets. AT ALL COSTS they will not let people think the shit has hit the fan. The revolution will not be on television.   

That said, I think the FIAT bubble is going to burst, but when? BTC has a "market cap" of 1+ Billion. The FED prints that amount every day by noon. It won't matter, if they try to create volatility there will probably be less to buy back if the currencies of the world are not doing well. Interesting experiment we got here.

And when some, even a small amount of that money goes into BTC, we will be talking valuations that are decoupled from current understanding. That is the best way to NOT put a value on things.

The FED can only "print" by creating more debt.  That debt must be paid back, with interest.  This is why "printing" is deflationary, and why everyone who screams about the FED devaluing the dollar will soon see their hypothesis fall on it's face.  Debt is hitting it's limits, and with interest rates continuing to rise dollars will soon be in short supply.

[Richy_T]

The FED can only "print" by creating more debt.  That debt must be paid back, with interest.  This is why "printing" is deflationary, and why everyone who screams about the FED devaluing the dollar will soon see their hypothesis fall on it's face.  Debt is hitting it's limits, and with interest rates continuing to rise dollars will soon be in short supply.

Yes. This is why a gallon of gas is a dime and coffee can be had for 3 cents instead of a nickel.

[NewLiberty]

thoughts?

They should decentralize?

this is just the beginning of major exchange issues
Once the deflation is in full force, we will see more outages. when selling starts in earnest, NASDAQ, NYSE, etc. servers wont be able to handle it.
it is like 100,000 people trying to escape out of a baseball or soccer stadium at once when only one gate is open...

I wonder, the FED can just buy stocks that are being sold. The engines the exchanges use can handle the volume. I mean the FED is injecting a fair amount of that 85 billion a month into the stock markets. AT ALL COSTS they will not let people think the shit has hit the fan. The revolution will not be on television.   

That said, I think the FIAT bubble is going to burst, but when? BTC has a "market cap" of 1+ Billion. The FED prints that amount every day by noon. It won't matter, if they try to create volatility there will probably be less to buy back if the currencies of the world are not doing well. Interesting experiment we got here.

And when some, even a small amount of that money goes into BTC, we will be talking valuations that are decoupled from current understanding. That is the best way to NOT put a value on things.

The Fed can't directly buy stocks in the way that other Central Banks can and do.  Bank of Japan owns and is buying more stocks.
http://www.bloomberg.com/news/2013-04-24/central-banks-load-up-on-equities-as-low-rates-kill-bond-yields.html

The Federal Reserve has a blank check for currency manipulation, and most currencies have some reserves of stocks, so the Fed is in the game by proxy, but for them to get any stocks directly it takes an act of Congress (like TARP) or it can dabble by funding a Special Purpose Vehicle that buys a broad basket of stocks through indexes or Exchange Traded Funds, but they don't get to pick and chose which company stock to manipulate directly in the way that some other central banks and sovereign funds can.

[notme]

The FED can only "print" by creating more debt.  That debt must be paid back, with interest.  This is why "printing" is deflationary, and why everyone who screams about the FED devaluing the dollar will soon see their hypothesis fall on it's face.  Debt is hitting it's limits, and with interest rates continuing to rise dollars will soon be in short supply.

Yes. This is why a gallon of gas is a dime and coffee can be had for 3 cents instead of a nickel.

They have done a great job growing the debt.  But since the 80s there has been a 2% increase in debt for every 1% increase in GDP.  Unless they can actually take rates to 0 and keep them there (AKA exponentially growing QE), they will have to pay down some debt to be able to afford the interest.  This, of course, would cause hyperinflation, which tends to make it not really an option.  But, yes, after the deflation, we will reinflate.  Lungs (debt levels) are full.  It is time to exhale.

[samson]

I sold my BTC, nice profit. All USD right now.

[CMMPro]

I sold my BTC, nice profit. All USD right now.

I guess you'll be leaving us to go over to www.fiattalk.com from now on then?

[Richy_T]

They have done a great job growing the debt.  But since the 80s there has been a 2% increase in debt for every 1% increase in GDP.  Unless they can actually take rates to 0 and keep them there (AKA exponentially growing QE), they will have to pay down some debt to be able to afford the interest.  This, of course, would cause hyperinflation, which tends to make it not really an option.  But, yes, after the deflation, we will reinflate.  Lungs (debt levels) are full.  It is time to exhale.

By their actions, hyperinflation is the only option.

[BitcoinAshley]

Hmm, looks like NASDAQ pulled a MtGox today for a few hours...

That's one less quasi-legitimate complaint for the useless idiots to use against Bitcoin.

[ChartBuddy]

[ChartBuddy]

[ChartBuddy]

[phelix]

Double whammy for gox: less than 50% of the market and equal to Bitstamp today

where is that screenshot from? I like the total 

[aepfel]

I sold my BTC, nice profit. All USD right now.

I guess you'll be leaving us to go over to www.fiattalk.com from now on then?

  i laughed. But i guess, he will sooner or later buy some new BTC.

[Rampion]

Indicators scream "down" ATM, this should be definitely a spot to be in fiat.

Nevertheless, this is Bitcoin - are the whales that have been regularly buying between BTC1,000 and BTC2,000 the last few days finished their buying? Are they waiting for the ask side to build and the spot price to go down, as its happening right now, before the next buys?

Really, trading in this market ATM is pure gambling.

[SGExodus]

Double whammy for gox: less than 50% of the market and equal to Bitstamp today

where is that screenshot from? I like the total 

It was the trade volumes of the exchanges for the last 24 hours, most bitcoin charts have the info.