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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26367733 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
BlackSpidy
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April 06, 2015, 04:57:54 AM

I start feeling that I care less and less about the daily changes in bitcoin price... I feel as though it won't matter in two years, because my coins (well, my 1/6th of a coin) will be worth at least twice what I bought them at ($280-ish). Now, I'm watching the market with not a care in the world. I feel a bit liberated. Time will tell if I'm wrong.
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ChartBuddy
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April 06, 2015, 04:58:37 AM

Coin
Explanation
Cconvert2G36
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April 06, 2015, 05:01:04 AM

I start feeling that I care less and less about the daily changes in bitcoin price... I feel as though it won't matter in two years, because my coins will be worth at least twice what I bought them at ($280-ish). Now, I'm watching the market with not a care in the world. I feel a bit liberated. Time will tell if I'm wrong.

Not a care in the world, and watching the market?

Je suis BlindMayorBitcorn
YourMother
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April 06, 2015, 05:01:32 AM

I start feeling that I care less and less about the daily changes in bitcoin price... I feel as though it won't matter in two years, because my coins (well, my 1/6th of a coin) will be worth at least twice what I bought them at ($280-ish). Now, I'm watching the market with not a care in the world. I feel a bit liberated. Time will tell if I'm wrong.

LOL

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April 06, 2015, 05:31:50 AM


+1
ChartBuddy
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April 06, 2015, 05:58:43 AM

Coin
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JayJuanGee
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April 06, 2015, 06:16:43 AM


In the past month, BTC prices have been having difficulties sustaining any amounts below $240 for any significant and/or meaningful periods of time, so I am having a few difficulties to reasonably conclude that within the next week or so, absent some extraordinary news or FUD, that BTC prices would be going to go below $240 for an meaningful period of time.


In other words, projections of prices at $220, seem to be pure pie in the sky speculative thinking.
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April 06, 2015, 06:23:20 AM

I want 260 back Sad
noobtrader
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April 06, 2015, 06:28:07 AM

http://www.theaustralian.com.au/business/wall-street-journal/bitcoin-could-get-fresh-boost-from-investor-involvement/story-fnay3ubk-1227292959446


another good news in bitcoin world... which mean imminent bad dump is imminent.   Cry 

maybe under 250 in 24 hours ? tarmi ?
lyth0s
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April 06, 2015, 06:33:13 AM

http://www.theaustralian.com.au/business/wall-street-journal/bitcoin-could-get-fresh-boost-from-investor-involvement/story-fnay3ubk-1227292959446


another good news in bitcoin world... which mean imminent bad dump is imminent.   Cry 

maybe under 250 in 24 hours ? tarmi ?

That requires a subscription. Do you have a quick summary?
noobtrader
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April 06, 2015, 06:35:52 AM

http://www.theaustralian.com.au/business/wall-street-journal/bitcoin-could-get-fresh-boost-from-investor-involvement/story-fnay3ubk-1227292959446


another good news in bitcoin world... which mean imminent bad dump is imminent.   Cry 

maybe under 250 in 24 hours ? tarmi ?

That requires a subscription. Do you have a quick summary?
Quote
Some of the US’s biggest proprietary traders and investors are testing the waters for a bigger move into bitcoin, giving a potential boost to the fledgling virtual-currency industry.

While still cautious of becoming exposed to “cryptocurrencies,” some of the firms, which trade with their own money on their own behalf, say they see potential for big profits in trading bitcoin as more investors enter the market and financial-services firms use the currency to streamline transactions.

Their involvement could help reduce volatility in the market for bitcoin, which has struggled to gain legitimacy in part because of concerns about wild swings in its price.

Among the companies at the forefront of this move is DRW Holdings, a high-frequency trading firm in Chicago founded by former options-pit trader Donald Wilson in 1992. DRW is a founding investor in a new bitcoin financial-services firm called Digital Asset Holdings that launched last month. Cumberland Mining & Materials LLC, a DRW subsidiary, has “begun to experiment with cryptocurrency trading,” DRW said.
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April 06, 2015, 06:58:05 AM

I start feeling that I care less and less about the daily changes in bitcoin price... I feel as though it won't matter in two years, because my coins (well, my 1/6th of a coin) will be worth at least twice what I bought them at ($280-ish). Now, I'm watching the market with not a care in the world. I feel a bit liberated. Time will tell if I'm wrong.
That's because we know now that there is a bottom to the price other than zero.
Xiaoxiao
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April 06, 2015, 06:58:30 AM



The bearwhale is close to waking up!!!!
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April 06, 2015, 06:58:36 AM

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JorgeStolfi
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April 06, 2015, 07:03:36 AM

There are many BIT shares out there (worth about 97'000 BTC)  that have been held for more than 12 months. Many of them (worth about 35'000 BTC) were bought before ~2013-11-06 when the price was less than today's.

As others have noted, their owners must receive some sort of certificates or access codes before they can sell them.  I have read somewhere that the codes are being sent by USPS, but that may have been a guess or joke. 

The shares can be sold only to registered brokers, and the trades may be eventually recorded in the OTCQX list, under the symbol GBTC.  I don't know the details of that process -- whether all trades will be shown, or only those that go through the "level 2" brokers listed on that page, or what.

I would be surprised if none of those old investors will want to sell.  In the GBTC filing they say that some investors did redeem their shares when it was possible, before last October when they suspended redemptions.  (Their current holdings, 138'000 BTC, is the net amount, investments minus redemptions.)  The big question is how many people will want to buy them.
Fatman3001
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April 06, 2015, 07:18:48 AM



The bearwhale is close to waking up!!!!

Not so sure about that

AllTheBitz
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April 06, 2015, 07:24:48 AM

I want 260 back Sad
We will back to it but not for a long time , seem bitcoin price dumping every where   Cry any time .
inca
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April 06, 2015, 07:29:12 AM

I want 260 back Sad
We will back to it but not for a long time , seem bitcoin price dumping every where   Cry any time .

500 coins to 260 on finex.

26600 shorts lol.

Keep shorting retail.
Xiaoxiao
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April 06, 2015, 07:32:07 AM

I want 260 back Sad
We will back to it but not for a long time , seem bitcoin price dumping every where   Cry any time .

500 coins to 260 on finex.

26600 shorts lol.

Keep shorting retail.

But their are over 26,000,000 in USD longs....
inca
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April 06, 2015, 07:37:10 AM

I want 260 back Sad
We will back to it but not for a long time , seem bitcoin price dumping every where   Cry any time .

500 coins to 260 on finex.

26600 shorts lol.

Keep shorting retail.

But their are over 26,000,000 in USD longs....

No. 25 million.

Bfxdata.com is useful.
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