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

[bassclef]

Walls on both sides of the orderbook. I think we're in a holding pattern until we find out more about when the otc fund starts trading, and how much demand there will be for it. It'll be a good chance to mark the price up ahead of those wanting to get in.

Edit: I think there is a good chance there will be solid demand based on overall professional interest from Wall Steet, anecdotal evidence from Winklevii and the guys @ Bitpay (who trade a with basket of currencies) about hedge funds and investment firms looking to take positions, also high interest in the government auctions.

It opens the doors for people who don't wish to open up a Coinbase / Circle / Gemini account.  Owning btc without the hassle of having a wallet is a plus for a lot of americans.

Exactly. Which is why if these paper securities take off, anyone actually smart enough to own and secure a modest amount of bitcoins (which unlike metals, are provable in ownership and supply) will automatically become a market maker of sorts in an exciting new marketplace in the future if they choose to be.

Seems farfetched now, but is it really? Why do you think whales are jerking the market around to increase their holdings? They want to retire in a few years.

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[tarmi]

Walls on both sides of the orderbook. I think we're in a holding pattern until we find out more about when the otc fund starts trading, and how much demand there will be for it. It'll be a good chance to mark the price up ahead of those wanting to get in.

Edit: I think there is a good chance there will be solid demand based on overall professional interest from Wall Steet, anecdotal evidence from Winklevii and the guys @ Bitpay (who trade a with basket of currencies) about hedge funds and investment firms looking to take positions, also high interest in the government auctions.

you sure sound like a pro with remarkable understanding of how markets work and who is able to catch the slightest whisper coming from the order books.

but "professional interest from Wall St" and penny stock trading in one post? is that a wall street joke/sarcasm or something?

[hdbuck]

could we get sub100$ yet? just to get it over with ya know.

edit: ah nevermind.. halving still 1,5 year ahead.

[Fatman3001]

could we get sub100$ yet? just to get it over with ya know.

Nah, the price is right

[Thebestinvestment23]

http://s1.dlnws.com/files/BeanieBabiesPriceTrend.jpg

[bassclef]

Walls on both sides of the orderbook. I think we're in a holding pattern until we find out more about when the otc fund starts trading, and how much demand there will be for it. It'll be a good chance to mark the price up ahead of those wanting to get in.

Edit: I think there is a good chance there will be solid demand based on overall professional interest from Wall Steet, anecdotal evidence from Winklevii and the guys @ Bitpay (who trade a with basket of currencies) about hedge funds and investment firms looking to take positions, also high interest in the government auctions.

you sure sound like a pro with remarkable understanding of how markets work, able to catch the slightest whisper coming from the order books.

but "professional interest from Wall St" and penny stock trading in one post?

It won't come all at once. Plenty of penny stocks on the street to trade (and many do). Bitcoin still has a few years to reach any sort of market maturity.

There was a podcast recently with whats-his-face from Bitpay. Tony Gallippi. He insinuated that multiple hedge funds had approached him to take positions. This is when they would do it--during down markets in secret. Of course they don't want the general public knowing about it because they need someone to sell to in the future

[SkyValeey]

So if I understand the four punch raiders thing... this should be the short squeeze, right?

Were far from a real short squeeze.  If anything were closer to a long (probably a lot of stop losses in the 220's)

Yes. 12m or 6m swaps chart leads to conclusion that big price drop = longs drop, and we're pretty high with longs now.
Ofc we don't know for sure, but maybe longs needs to drop/crash so we can go higher in price.

[tarmi]

Walls on both sides of the orderbook. I think we're in a holding pattern until we find out more about when the otc fund starts trading, and how much demand there will be for it. It'll be a good chance to mark the price up ahead of those wanting to get in.

Edit: I think there is a good chance there will be solid demand based on overall professional interest from Wall Steet, anecdotal evidence from Winklevii and the guys @ Bitpay (who trade a with basket of currencies) about hedge funds and investment firms looking to take positions, also high interest in the government auctions.

you sure sound like a pro with remarkable understanding of how markets work, able to catch the slightest whisper coming from the order books.

but "professional interest from Wall St" and penny stock trading in one post?

It won't come all at once. Plenty of penny stocks on the street to trade (and many do). Bitcoin still has a few years to reach any sort of market maturity.

There was a podcast recently with whats-his-face from Bitpay. Tony Gallippi. He insinuated that multiple hedge funds had approached him to take positions. This is when they would do it--during down markets in secret. Of course they don't want the general public knowing about it because they need someone to sell to in the future

big hedge fund secretly approached a guy and took positions nobody is aware of.

well, fuck me, I better buy this.

[Bitcoiner_cph]

What are these Hedge funds, hedging?? The dollar??

[damiano]

So if I understand the four punch raiders thing... this should be the short squeeze, right?

Were far from a real short squeeze.  If anything were closer to a long (probably a lot of stop losses in the 220's)

Yes. 12m or 6m swaps chart leads to conclusion that big price drop = longs drop, and we're pretty high with longs now.
Ofc we don't know for sure, but maybe longs needs to drop/crash so we can go higher in price.

More demand

[79b79aa8d5047da6d3XX]

big hedge fund secretly approached a guy and took positions nobody is aware of.

well, fuck me, I better buy this.

no, you should short it.

[tarmi]

big hedge fund secretly approached a guy and took positions nobody is aware of.

well, fuck me, I better buy this.

no, you should short it.

now I am confused...

 

should I buy it, short it...or wire half a mil to bitfinex to push this to 260? please advise.

[Bitcoiner_cph]

just send the ½ mill to me and I will double it in 2 weeks 

[Fatman3001]

big hedge fund secretly approached a guy and took positions nobody is aware of.

well, fuck me, I better buy this.

no, you should short it.

now I am confused...

 

should I buy it, short it...or wire half a mil to bitfinex to push this to 260? please advise.

You know what to do.

Simba must get rekt!!

[damiano]

big hedge fund secretly approached a guy and took positions nobody is aware of.

well, fuck me, I better buy this.

no, you should short it.

now I am confused...

 

should I buy it, short it...or wire half a mil to bitfinex to push this to 260? please advise.

You should open up a short right now 

[bassclef]

What are these Hedge funds, hedging?? The dollar??

They want to sell Bitcoin-related investment vehicles to the general public. This is really what Wall Street is all about, since most of them can only make money trading during raging bull markets.

[Bitcoiner_cph]

PS: While I spend it on a beach an secret place, with an drink in the hand and 10 naked ladies around me... I will try to gamble 10% of your ½ mill into 1 million... if I fail, you will never heard from me again - DEAL??  

[8up]

BIT going live? http://grayscale.co/

[JimboToronto]

are those 2 times 200 BTC sells on Bittinex real, in the sense will they stay=??? if so, it looks like we are going down in price??

Nom nom nom.

[Fatman3001]

Was browsing through Coindesk and found this:





Truly brilliant!