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

[gentlemand]

has there ever in human history been a correlation between days destroyed and price movement? I'm willing to bet no. this trope is almost as tired as merchant adoption = horrific selling pressure.

[dumbfbrankings]

Well boyz...

We get to sit here stagnating with artificially "full" blocks thanks to Maxwell and Co, while etherbutters are mooning away with hookers and blow...

Sure glad we got a nice big Blocksteamer plopped on top of what was supposed to be our halving party.       

 

[yefi]

has there ever in human history been a correlation between days destroyed and price movement? I'm willing to bet no. this trope is almost as tired as merchant adoption = horrific selling pressure.

While I've not the answer to that, here they used it to correctly conclude that an old Mtgox wallet had been found, weeks prior to any formal announcement. It can therefore be used to gain an informational advantage.

[TERA]

It's pretty obvious that the current ether rise is due entirely to the DAO. Having 15% of a coin bought out (not traded) in a matter of weeks puts quite an unusual strain on the market. I wouldn't be suprised if the DAO launch was timed entirely to try to paint a triangle on the charts. However, once the DAO sale is over, I expect ETH to come crashing back down and it might look more like a double top. You can see this due to the near matching high volume of the two peaks (as counterintuitive as that might sound). My question is what will happen to the value of a DAO token?

[gizmoh]

It's pretty obvious that the current ether rise is due entirely to the DAO. Having 15% of a coin bought out (not traded) in a matter of weeks puts quite an unusual strain on the market. I wouldn't be suprised if the DAO launch was timed entirely to try to paint a triangle on the charts. However, once the DAO sale is over, I expect ETH to come crashing back down and it might look more like a double top. You can see this due to the near matching high volume of the two peaks (as counterintuitive as that might sound). My question is what will happen to the value of a DAO token?

https://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doa

With The DAO the same principles are at work. Every time a project is funded, the amount of ETH backing the DAO tokens falls and is replaced with speculative IOU from a contractor. What is worse, when the ETH is sold to fund the projects the value of all ETH falls. Since The DAO keeps its savings in ETH, the actual cost of funding a proposal includes any loss value caused by selling ETH.

Considering many of the investors in the DAO also hold ETH there is a conflict of interest in their voting preferences. Most individuals will see the short-term cost (loss of liquidity) of authorizing spending to be much higher than the long-term benefit. After all, authorizing a $1 million dollar project will cause the DAO to lose 1% of its capital today and would likely move the Etheruem price by more than 1% down as everyone attempts to front-run the sell pressure created by the project. In the long-run the project may add value to Etheruem and the DAO, but the long-run is often years away.

[Cassius]

i found a transaction that probably caused the bitcoin days destroyed spike. It was in block 412183. [...]

Interesting, thanks. That would suggest more people are withdrawing BTC than depositing at whichever exchange that is.

ya it kinda seems like an exchanges had to dip into their ultra cold storage.
if poeple are indeed starting to remove coins off the exchanges... well then 

It's also possible it's a proof-of-reserves audit. I think that's happened a couple of times before.
Either way, 50m BTC days destroyed is a lot. Call it a generous 20m of background noise and 30m extra. If that really is from back in 2010 you're still looking at 15k BTC moving house.

[gizmoh]

Former US Mint Director Brings Bitcoin to Retirement Investing

https://news.bitcoin.com/frmr-us-mint-director-bitcoin-retirement/

[mymenace]

Former US Mint Director Brings Bitcoin to Retirement Investing

https://news.bitcoin.com/frmr-us-mint-director-bitcoin-retirement/

Flux brings decentralized political party to Australia using bitcoin

https://voteflux.org/


and here comes the decentralization of monopolies which are already falling and tumbling in the face of technology

[Mervyn_Pumpkinhead]

Sold 50% ETH back at 0.031.. let's see if it breaks through or forms a double top *crosses fingers for it breaking through*

[podyx]

Big sell on finex...

[pariahbit]

Big sell on finex...

It could be just coiling. Like a cobra, getting ready to strike.


jk. Death is coming.

[TERA]

I had bfx take 10 confirmations to confirm a deposit.

[Andre#]

https://medium.com/the-coinbase-blog/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf#.r4n02cjz9

[gizmoh]

I had bfx take 10 confirmations to confirm a deposit.

Sell signal 

[Mervyn_Pumpkinhead]

[JayJuanGee]

Sold 50% ETH back at 0.031.. let's see if it breaks through or forms a double top *crosses fingers for it breaking through*

Has this become the ETH thread?

Don't you have some lovey dovey ETH thread in which you can boast your various supposed play by play ETH conquests?

[Mervyn_Pumpkinhead]

Has this become the ETH thread?

Don't you have some lovey dovey ETH thread in which you can boast your various supposed play by play ETH conquests?

Bitcoin speculation is boring, useless and even kind of sad.
Now we gotta make the best of it, improvise, adapt to the environment, Darwin, shit happens, I Ching, whatever man, we gotta roll with it.

[Dekker3D]

The recent price decrease are due to profiteers when the price hit the 460 area plus again ETH is gaining some price hike so some investors might be there. But as we get closer to the halving, it's safe to say that the BTC price will increase again as people try to put as much BTC as possible to wait for the price hike brought by halving.

[Cassius]

Sold 50% ETH back at 0.031.. let's see if it breaks through or forms a double top *crosses fingers for it breaking through*

Guess you called it after all Well played, sir.

[klee]

BTCE hit $457 and OKcoin is $455 so the 3rd world exchanges are no longer behind the west for the first time in like a month.  Price is definitely going up.

Nailed it one more time!