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

[Norway]

MAXM just changed their bid back to 5000 coins at 350 USD/BTC...

This happened over 24hrs ago..

No. They changed it to just 10 coins like the others. But half an hour ago (09:31 NY time), they went back to 5000 coins.

8 hours ago it was already 5000 coins

No. I have followed it. And watch the timestamp on the bid.

[oblox]

MAXM just changed their bid back to 5000 coins at 350 USD/BTC...

This happened over 24hrs ago..

No. They changed it to just 10 coins like the others. But half an hour ago (09:31 NY time), they went back to 5000 coins.

Such wow, some retarded people pretend that they are going to buy a !derivative! from btc ~45% higher than the actual price of btc itself, and you people are discussing that shit here, lmao. If they wanted to invest in btc - they would buy on finex all that 5000 btc itself by a single buy from 235-250$, dont be silly, its just nothing but a weak price manipulation from barny simpson barry silbert.

Considering you can't hold BTC in a tax-deferred vehicle, it's worth discussing.

[publicjud]

MAXM just changed their bid back to 5000 coins at 350 USD/BTC...

This happened over 24hrs ago..

No. They changed it to just 10 coins like the others. But half an hour ago (09:31 NY time), they went back to 5000 coins.

Such wow, some retarded people pretend that they are going to buy a !derivative! from btc ~45% higher than the actual price of btc itself, and you people are discussing that shit here, lmao. If they wanted to invest in btc - they would buy on finex all that 5000 btc itself by a single buy from 235-250$, dont be silly, its just nothing but a weak price manipulation from barny simpson barry silbert.

Considering you can't hold BTC in a tax-deferred vehicle, it's worth discussing.

Some people just don't get how much money is sitting in retirement accounts in the US alone.  And how making BTC available to those accounts will pump billions into the eco system on speculation alone.  But you want to be in before the mom and pops get in only to be slaughtered.

[empowering]

MAXM just changed their bid back to 5000 coins at 350 USD/BTC...

This happened over 24hrs ago..

No. They changed it to just 10 coins like the others. But half an hour ago (09:31 NY time), they went back to 5000 coins.

Such wow, some retarded people pretend that they are going to buy a !derivative! from btc ~45% higher than the actual price of btc itself, and you people are discussing that shit here, lmao.

All it would take is trading to open and their buy order to be matched with a willing seller.... so either they are mighty sure they know when trading will start, and their bid will not get filled.......or they have no clue as to when trading will start and are either willing to buy, or take a $1.7 million gamble that they can pull the order in time, so that their order does not get filled.

[kodtycoon]

MAXM just changed their bid back to 5000 coins at 350 USD/BTC...

This happened over 24hrs ago..

No. They changed it to just 10 coins like the others. But half an hour ago (09:31 NY time), they went back to 5000 coins.

Such wow, some retarded people pretend that they are going to buy a !derivative! from btc ~45% higher than the actual price of btc itself, and you people are discussing that shit here, lmao.

All it would take is trading to open and their buy order to be matched with a willing seller.... so either they are mighty sure they know when trading will start, and their bid will not get filled.......or they have no clue as to when trading will start and are either willing to buy, or take a $1.7 million gamble that they can pull the order and their order in time so it does not get filled.

maybe their intention is simply to draw attention. also, whats the odds someone can fill that order? is there a record anywhere of how many shares have been sold and when ie. how many are now available for trading?

[empowering]

MAXM just changed their bid back to 5000 coins at 350 USD/BTC...

This happened over 24hrs ago..

No. They changed it to just 10 coins like the others. But half an hour ago (09:31 NY time), they went back to 5000 coins.

Such wow, some retarded people pretend that they are going to buy a !derivative! from btc ~45% higher than the actual price of btc itself, and you people are discussing that shit here, lmao.

All it would take is trading to open and their buy order to be matched with a willing seller.... so either they are mighty sure they know when trading will start, and their bid will not get filled.......or they have no clue as to when trading will start and are either willing to buy, or take a $1.7 million gamble that they can pull the order and their order in time so it does not get filled.

maybe their intention is simply to draw attention. also, whats the odds someone can fill that order? is there a record anywhere of how many shares have been sold and when ie. how many are now available for trading?

I am not suggesting one scenario, I am just stating either they are very sure it will not get filled, or they want it to get filled, or they are taking a gamble if they do not know if it will get filled or not.

[kodtycoon]

MAXM just changed their bid back to 5000 coins at 350 USD/BTC...

This happened over 24hrs ago..

No. They changed it to just 10 coins like the others. But half an hour ago (09:31 NY time), they went back to 5000 coins.

Such wow, some retarded people pretend that they are going to buy a !derivative! from btc ~45% higher than the actual price of btc itself, and you people are discussing that shit here, lmao.

All it would take is trading to open and their buy order to be matched with a willing seller.... so either they are mighty sure they know when trading will start, and their bid will not get filled.......or they have no clue as to when trading will start and are either willing to buy, or take a $1.7 million gamble that they can pull the order and their order in time so it does not get filled.

maybe their intention is simply to draw attention. also, whats the odds someone can fill that order? is there a record anywhere of how many shares have been sold and when ie. how many are now available for trading?

I am not suggesting one scenario, I am just stating either they are very sure it will not get filled, or they want it to get filled, or they are taking a gamble if they do not know if it will get filled or not.

i guess my suggestion fits into one of those scenarios

[ssmc2]

240 comin' up. Getting nervous bears? 

[Norway]

Shit, have to visit my family now. And all I want to do now, is to stare at candles. Later, guys!

[empowering]

MAXM just changed their bid back to 5000 coins at 350 USD/BTC...

This happened over 24hrs ago..

No. They changed it to just 10 coins like the others. But half an hour ago (09:31 NY time), they went back to 5000 coins.

Such wow, some retarded people pretend that they are going to buy a !derivative! from btc ~45% higher than the actual price of btc itself, and you people are discussing that shit here, lmao.

All it would take is trading to open and their buy order to be matched with a willing seller.... so either they are mighty sure they know when trading will start, and their bid will not get filled.......or they have no clue as to when trading will start and are either willing to buy, or take a $1.7 million gamble that they can pull the order and their order in time so it does not get filled.

maybe their intention is simply to draw attention. also, whats the odds someone can fill that order? is there a record anywhere of how many shares have been sold and when ie. how many are now available for trading?

I am not suggesting one scenario, I am just stating either they are very sure it will not get filled, or they want it to get filled, or they are taking a gamble if they do not know if it will get filled or not.

i guess my suggestion fits into one of those scenarios

I reckon the gamble scenario is quite unlikely.

Which leaves two more probable scenarios left.

I guess we will know once the trading starts, and if they pull their bid.
 
(ps I think they had something like 67000 coins  back in 2013 (I am not sure of the exact figure for the amount of coins older than a year, lost track tbh, but if trading were to start I think it is plausible some could fill the order, wasn't minimum investment $200,000 to start of with? EDIT: no it was $25,000)

[Fatman3001]

240 comin' up. Getting nervous bears? 

240 seems to be important for the TA people, might rattle some cages

[inca]

240 comin' up. Getting nervous bears? 

240 seems to be important for the TA people, might rattle some cages

Tarmi the resident shorter is now underwater with his alleged positions at 230 and now 235. Might be important to him, too

[dscotese]

I've been thinking about the volume of BTC available on the exchanges - just those that BitcoinWisdom shows - because someone with enough money could drain all the current sell offers from all of them, converting about $60M into BTC and setting the current price to something much higher than their buy-in price. There is a significant number of people who have $60M in pocket change.  Some problems with this scenario:

• On Bitfinex, no one can see how much BTC is waiting to be borrowed and sold to someone doing this, so they might be selling into a trap.
• They might have trouble making all those buys because many sellers would scramble to move their offers to a higher price
• These purchases might crash the exchanges on which they are made.
• At least on Bitfinex (about three times as much available as Bitstamp, the next largest), leveraged short positions backed by BTC will kick in more supply to buy as they get margin called.
• The purchase could drive an exchange out of business if it doesn't have the balance sheet we all assume it has.
• Who has $60M and the balls to try this?

That first problem is the one I haven't thought about enough.  I guess you can short BTC on Bitfinex using only your USD balance as collateral, so if someone else with $60M did that, then these two rich people would just be having a pissing contest.  That would be fun for me because I have a trade bot that makes profit off of volatility.  OTOH, you can't short BTC unless there's someone out there willing to lend it to you, so the seller will be relying on strangers and paying them interest to play this game.

[JimboToronto]

Good morning Bitcoinland.

Been away for a few days and I missed the buying opportunity under $220. Oh well, I'll just have to wait for the next dip.

Nice to see last night's little rise to over $230 again. Will it last this time?

[ChartBuddy]

Coin
Explanation

[Cassius]

http://blog.circle.com/2015/04/29/new-circle-investors-new-us-dollar-account-features-china-horizons/

Reading Circle's announcement again, prompted by Jorge's relentless negativity, I think this is actually a bigger deal than I'd realised. Allowing customers to use bitcoin to send money but holding it in USD (which is what's going on, Jorge - instant conversion at the time of use) and never seeing BTC is very neat. They still pay merchants in BTC, but don't need to worry about holding BTC. I can see that it might be nice for merchants to do the same. That removes a major barrier to adoption.
Price-wise, since you seem to use that as a proxy for success, it becomes a matter of velocity at that point, as well as awareness. I wouldn't dismiss this one lightly. It's enabling bitcoin to be used as it was always meant to be.

[macsga]

Good morning Bitcoinland.

Been away for a few days and I missed the buying opportunity under $220. Oh well, I'll just have to wait for the next dip.

Nice to see last night's little rise to over $230 again. Will it last this time?

Nobody can say for sure; there's a chance that the bear year is over though. The numbers are turning green one by one, but this could also be orchestrated. If you notice, there's nervous buying in of huge amounts that pops the price 15-20$ up. Let's see when the ETF will be released what's the next rally will look like.

[Fatman3001]

For once, whaleclub is lol-material

"i dont have enought channell for this "

[LFC_Bitcoin]

Good morning Bitcoinland.

Been away for a few days and I missed the buying opportunity under $220. Oh well, I'll just have to wait for the next dip.

Nice to see last night's little rise to over $230 again. Will it last this time?

Nobody can say for sure; there's a chance that the bear year is over though. The numbers are turning green one by one, but this could also be orchestrated. If you notice, there's nervous buying in of huge amounts that pops the price 15-20$ up. Let's see when the ETF will be released what's the next rally will look like.

I'm hesitant to declare that the bearish year is over.
It'd be very welcome though, it's about time we had a relentless price surge upwards.

[Sitarow]