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

[ElectricMucus]

Speaking of ignore, why can't I see that pretty piss yellow ignore color of yours? Are your posts improving?

No theymos turned off the feature, actually I think I have overtaken at least smoothie by now.
He wrote something about it requiring to many server resources or something.

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[traderCJ]

Anyway anybody with half a brain probably gets it by looking at this chart:


Of course when you purposefully deny the possibility that what the economic collapse next week bloggers tell you is wrong you might choose to ignore it.

Lol, that article is a hoot.  For instance:

Or, rather, all the money that's been created is sequestered from the actual economy and may as well not exist for most purposes.

That chart shows the monetary base expansion under TARP and QE1,2,3.  The money is used to buy gov't bonds or other financial assets.  That is the official claim from the Fed.  Either the Fed is lying or the author is an idiot.  If the author is correct, the Fed is lying.  In this case, the money is probably parked in the banks waiting to cover a massive, anticipated run on bank accounts.  Chances are, however, that the author is a moron and the money is simply being injected into the world economy at some unknown rate.

[QuestionAuthority]

Speaking of ignore, why can't I see that pretty piss yellow ignore color of yours? Are your posts improving?

No theymos turned off the feature, actually I think I have overtaken at least smoothie by now.
He wrote something about it requiring to many server resources or something.

Too bad, I search out people with high ignores. They are usually the most interesting people on the forum because they have managed to figure out a way to piss off a lot of people without getting banned. If you think about it, that really is quite an accomplishment.

[QuestionAuthority]

Speaking of ignore, why can't I see that pretty piss yellow ignore color of yours? Are your posts improving?

No theymos turned off the feature, actually I think I have overtaken at least smoothie by now.
He wrote something about it requiring to many server resources or something.

yup, i miss ignore :/

maybe we should start a fund raising drive so this forum can afford new hardware?

LOL Goat, you fucking crack me up.

Yeah, I agree. The $600,000 they are sitting on won't buy shit in today's economy. ROFL

[Ducky1]

Anyway anybody with half a brain probably gets it by looking at this chart:


Of course when you purposefully deny the possibility that what the economic collapse next week bloggers tell you is wrong you might choose to ignore it.

I don't want to ignore anyone. Gathering viewpoints from as many angles as possible is my goal. However, the mainstream viewpoint is usually not very interesting when dealing with things like global market crash.

[macsga]

Overstock hits over $130k in bitcoin sales on day 1!

http://www.digitaltrends.com/cool-tech/overstock-hits-130000-sales-using-bitcoin/

circa 130btc

[ElectricMucus]

Speaking of ignore, why can't I see that pretty piss yellow ignore color of yours? Are your posts improving?

No theymos turned off the feature, actually I think I have overtaken at least smoothie by now.
He wrote something about it requiring to many server resources or something.

yup, i miss ignore :/

maybe we should start a fund raising drive so this forum can afford new hardware?

haha good one.

[adamstgBit]

Overstock hits over $130k in bitcoin sales on day 1!

http://www.digitaltrends.com/cool-tech/overstock-hits-130000-sales-using-bitcoin/

circa 130btc

competitors might get jealous

[Rannasha]

I love the new fibonacci retractment feature on bitcoinwisdom:

Don't you think phi (the golden ratio) would be a better fit?

You typically add whatever lines make the story work

Anyway, the ratio between two consecutive Fibonacci-numbers approaches phi as you traverse the Fibonacci-sequence.

[ElectricMucus]

Anyway anybody with half a brain probably gets it by looking at this chart:


Of course when you purposefully deny the possibility that what the economic collapse next week bloggers tell you is wrong you might choose to ignore it.

Lol, that article is a hoot.  For instance:

Or, rather, all the money that's been created is sequestered from the actual economy and may as well not exist for most purposes.

That chart shows the monetary base expansion under TARP and QE1,2,3.  The money is used to buy gov't bonds or other financial assets.  That is the official claim from the Fed.  Either the Fed is lying or the author is an idiot.  If the author is correct, the Fed is lying.  In this case, the money is probably parked in the banks waiting to cover a massive, anticipated run on bank accounts.  Chances are, however, that the author is a moron and the money is simply being injected into the world economy at some unknown rate.

Even if the FED is lying and the author is an idiot the US doesn't appear to head into an area of hyperinflation.
And actually there is an article which explains what the FED actually think it is doing, it's too complicated for me but since you claim to know all about economics perhaps you get something out of it.
http://www.newyorkfed.org/research/current_issues/ci15-8.pdf

[adamstgBit]

Don't know if that was allready posted... Overstock CEO on CNN about BTC   He doesn't like fiat currency  http://www.youtube.com/watch?v=a0-S0ErCohA

why the fuck am i selling i dont get it!

[solex]

Don't know if that was allready posted... Overstock CEO on CNN about BTC   He doesn't like fiat currency  http://www.youtube.com/watch?v=a0-S0ErCohA

why the fuck am i selling i dont get it!

To buy back cheaper! That is the only reason.. 

[JimboToronto]

To buy back cheaper at a higher price! That is the only usual reason.. 

ftfy 

[adamstgBit]

 I have so much fiat

[MAbtc]

I have so much fiat

Patience!

All my targets were hit here, waiting for some nice dips. 

[traderCJ]

Anyway anybody with half a brain probably gets it by looking at this chart:


Of course when you purposefully deny the possibility that what the economic collapse next week bloggers tell you is wrong you might choose to ignore it.

Lol, that article is a hoot.  For instance:

Or, rather, all the money that's been created is sequestered from the actual economy and may as well not exist for most purposes.

That chart shows the monetary base expansion under TARP and QE1,2,3.  The money is used to buy gov't bonds or other financial assets.  That is the official claim from the Fed.  Either the Fed is lying or the author is an idiot.  If the author is correct, the Fed is lying.  In this case, the money is probably parked in the banks waiting to cover a massive, anticipated run on bank accounts.  Chances are, however, that the author is a moron and the money is simply being injected into the world economy at some unknown rate.

Even if the FED is lying and the author is an idiot the US doesn't appear to head into an area of hyperinflation.
And actually there is an article which explains what the FED actually think it is doing, it's too complicated for me but since you claim to know all about economics perhaps you get something out of it.
http://www.newyorkfed.org/research/current_issues/ci15-8.pdf

Inflation is inevitable once that money fully enters into circulation.  Precisely where that money went and what it's being used for is not a matter of public knowledge.  But you can bet that it won't just sit somewhere.  All the goldbugs are saying is "They created a tremendous amount of money over a very short period and it will eventually be used.  The question is when and how."

[adamstgBit]

I have so much fiat

Patience!

All my targets were hit here, waiting for some nice dips.  

lol i know, i know

[windjc]

I have so much fiat

Patience!

All my targets were hit here, waiting for some nice dips. 

You say we are going lower now? Still don't buy this rally, huh? I take it you are looking for lower lows and an eventual breakdown?

[ChartBuddy]

Explanation

[JorgeStolfi]

By analyzing the transactions in the blockchain and matching them with a detailed table of BTC price over time, is it possible to figure out the amount of BTC that was last bought at a given price?

How would you know off-book transactions price? 

Even for on-book transactions it would be hard to get the exact price.

In all cases one would have to assume the price from some weighted mean of the prices at the main exchanges, at approximately that time (with proper currency/penalty conversion factors, e.g. 1.00 for Bitstamp, 0.90 for MtGox, etc.)

That table will be very crude of course. A statistic per wallet rather than per coin may be more interesting.  That is, for each wallet we keep an "estimated USD balance", and for each transaction of N bitcoins into (or out of) it, we subtract (or add) N*P dollars, where P is the mean BTC/USD rate at the time.  Then we can estimate the average price that was paid for the coins remaining in that wallet.

Doing that for all wallets may be prohibitive, but it would suffice to do it for a large enough sample.

Of course it would not say much about the position of persons, since a person may have many wallets; but even so it would be an interesting statistic.