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

[Kj1]

I almost did this back in 2011 when I was drunk. Why, oh why, didn't I.

For highly analytical people like me, we make some of the best decisions when drunk.

Do you have an explanation for this?

Yeah, it stops second-guessing, lets you go with your gut, keeps you from getting bogged down in the details and missing the forest for the trees. It's a corrective for over-analysis, so it only works if you're actually prone to over-analysis. (The right amount of alcohol. Too much is eventually worse, of course.)

[JimboToronto]

(The right amount of alcohol. Too much is eventually worse, of course.)

That's the secret. When I used to play music six nights a week I always had my first beer an hour before showtime followed by a second one and brought my third onstage. I'd end up consuming about a beer per hour after that, which is about the rate the body metabolizes the alcohol.

The result was that I'd stay at that level all night, just loose enough without getting sloppy. I notice this worked for playing pool too. I was more likely to run the table and control the cueball on 2-3 beers than either sober or drunk.

Never though of applying it to Bitcoin trading.

[adamstgBit]

Short term looks good ATH is the target,  we be walking up slowly from 200?? I think so!  

Hey man how's feathercoin?

I sold, it went down, i bought

thats how you make money off FTC/BTC  

I still think FTC is undervalued, not going to put more money into it right now tho, but if it goes to 0 i'll buy the bag...

heard one of the troll box mods talking about FTC being de-listed... bagholders will love it

lol

the other exchanges would love that

[ChartBuddy]

[adamstgBit]

I almost did this back in 2011 when I was drunk. Why, oh why, didn't I.

For highly analytical people like me, we make some of the best decisions when drunk.

Do you have an explanation for this?

Yeah, it stops second-guessing, lets you go with your gut, keeps you from getting bogged down in the details and missing the forest for the trees. It's a corrective for over-analysis, so it only works if you're actually prone to over-analysis. (The right amount of alcohol. Too much is eventually worse, of course.)

Classic

good one, shouldn't it be THC levels tho lol

[JimboToronto]

It works for me. Just dont trade after getting high on weed or mushrooms. If you try on opium you just wont ever trade.

LOL.That was the other part of the system. Absolutely no tokes before or during the show, except for occasionally during the last break, if the audience was won over and very responsive.

The one thing that really helped, if not used too often, were stimulants. Road aspirins we called them.

Any kind of sedative, narcotic, tranquilizer or other downer was definitely counterproductive.

[w00dy]

http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927

here we go

[DougTanner]

Gox wants to go higher. How long till that wall at $210 gets gobbled?

[ShroomsKit]

http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927

here we go

What does it mean exactly that it's listed there?

[Ivanhoe]

I can't take it anymore..... so many good news.

ps: Keep in mind ladies that we rallied to 266 only on Cyprus speculations and some minor news coverage last time.

[JimboToronto]

I have never used stimulants but I have heard good things about stuff like aderal and other meth type stuff. But fuck that, not for me.

Our "road aspirins" were mostly just dexedrine, preludin, ionamin, etc., commonly prescribed diet pills in their day.

The meth was only for special occasions like stadium shows.

You have to remember though that meth wasn't the same in those days. It was synthesized from phenyl-2-propanone, a darkroom chemical that produced both dextro-rotatory and levo-rotatory methamphetamine. Now it's made from pseudoephedrine, which is sold in the dextro-rotatory form and produces dextro-methamphetamine.

I may joke about kids nowadays not being able to handle their crystal meth, but I do realize today's meth is twice as strong as what we did back then.

You're wise to take a pass.

[ChartBuddy]

[ShroomsKit]

http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927

here we go

What does it mean exactly that it's listed there?

That it is making its way to the market.

That the twins have bought something like one hundred thousand bitcoins - at what price, we don't know - and are about to cash out some of them.

Ok cool.

[bassclef]

http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927

here we go

What does it mean exactly that it's listed there?

That it is making its way to the market.

That the twins have bought something like one hundred thousand bitcoins - at what price, we don't know - and are about to cash out some of them.

I thought they needed the 100k to represent the value of the ETF.

[notme]

http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927

here we go

What does it mean exactly that it's listed there?

It means it was filed (as the status field says).  In other words, nothing we didn't know months ago.

[adamstgBit]

 

[DougTanner]

Gox and China still moving up slowly.

[MAbtc]

http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927

here we go

What does it mean exactly that it's listed there?

That it is making its way to the market.

That the twins have bought something like one hundred thousand bitcoins - at what price, we don't know - and are about to cash out some of them.

Still kind of confused as to what this means for the market exactly.

[DougTanner]

$210 soon on Gox.

[BitcoinAshley]

http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927

here we go

What does it mean exactly that it's listed there?

That it is making its way to the market.

That the twins have bought something like one hundred thousand bitcoins - at what price, we don't know - and are about to cash out some of them.

Still kind of confused as to what this means for the market exactly.

It doesn't mean anything as it's not actually approved yet. But when it does get approved, it means institutional investors and firms will have an easy way to throw funds at BTC without actually holding BTC. (Not sure why they'd want that, but hey.)
Of course as more shares are bought, Winklevii will have to purchase additional BTC to be represented, and of course as shares are sold they'd liquidate. Not sure *exactly* how it works, but I think that's the general gist. In the end, purchases of this ETF will (not-quite-directly) contribute to increased demand, and also the opposite.

EDIT: I'm not sure what the above poster meant by "about to cash out." Filing or approval in no way means Winklevii will be selling any or all of 100k coins at market the instant they are approved. They have to own the coins that the shares represent. They don't get to just sell them when ETF is approved, that makes no sense and then they wouldn't have an ETF. They hold the coins as specified in the filling. As more investors pile in they'd have to purchase more coins. Or the opposite. You get the picture.