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

[whoisfuder]

No pump before the Sweden's Nasdaq addition of BTC

Damn, i wouldn't wanna be a leveraged bull right now. It's comin'...

Who cares about some tiny exchange in a tiny country? Only ETF and stock markets collapse may create another bubble for btc but before that USMS has 40k btc waiting to be sold before the end of june as they promised, so sub 200$ is coming pretty soon.

Can you post a link to where they said they would hold another auction before the end of June? Are there also upcoming auctions in other countries like Australia? I remember the Australian government seized a lot of Bitcoins, but I cannot remember what they said they intended to do with them. They were discussing dumping them on the open market, although I'm not sure what they finally decided.

http://www.coindesk.com/us-marshals-bitcoin-auction-q1/

"In the coming months, the USMS is expected to sell 94,336 BTC, worth $17.5m at press time, as it liquidates the remainder of the bitcoins previously held by Ulbricht, who only yesterday admitted to founding Silk Road as an “economic experiment”."  ~50.000 has been sold at the last auction in March.

50k from the last auction made no difference to the price. Why would the last 44k?

Bears have basically run out of arguments for the continuation of the down trend except line on a chart points down technicals. They are entirely relying on the appearance of a big seller to push the price down. Not a great fundamental argument for bitcoin crashing to new lows.

Meanwhile the money keeps rolling into the space and the financial markets will soon be linked to bitcoin via a variety of regulated products.

Keep up the FUD. Whilst transparent it is amusing watching you chase pennies in front of the steamroller.

Inca is the real scammer here, he is trolling about this "50k from the last auction made no difference to the price" (last auction took place at 02/03/2015).

Trying to sell bags by scamming people with lies? no way man. i will burst your lies one by one.

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=60&i=Hourly&c=1&s=2015-03-02&e=2015-05-17&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

[JorgeStolfi]

Indeed, Sweden ETN (KNCminer) is same as the DigitalBTC (Australian bitcoin mining company Digital CC Limited) trading in Australian Securities Exchange, they are all just penny stocks like GBTC trying to dump as more ways as possible to cut losses, read this:

They are quite different actually.

DigitalBTC/DigitalCC stock is equity, that is, tites of ownership of slices of the company.  Their value depends in part on the company's assets, but mostly on the expected profits of the company in the near future.  Only a small part of DigitalCC's assets is bitcoin; their future profits are supposed to come from mining revenue, trading fees, and sale of software products.

Shares of "XBT Tracker One" (the official name of the fund, IIUC) are, like BIT shares, IOUs for a certain number of bitcoins (that shrinks every year, because of fees.). Their value should depend only on the market price of those bitcoins, with some spread due to their "safe & hygienic" packaging as ETNs.

[Wandererfromthenorth]

Pepper it

[BlindMayorBitcorn]

Not my Angus again??

[Fatman3001]

Not my Angus again??

[ChartBuddy]

Coin
Explanation

[phoenix1]

That's it, show's over folks ... you've had your $2.5 range for today and if you didn't get rich you're doin it wrong 

[ChartBuddy]

Coin
Explanation

[rich93]

That's it, show's over folks ... you've had your $2.5 range for today and if you didn't get rich you're doin it wrong 

The boring price range is incredibly dull this weekend. Most of the time there are only a few hundred Bitcoins traded every half hour on Bitfinex, and sometimes there's almost no trading at all. I expected automated bots to keep on micro trading when everyone else stopped, but even the bots seem to have stopped.

[Hpzew]

That's it, show's over folks ... you've had your $2.5 range for today and if you didn't get rich you're doin it wrong 

The boring price range is incredibly dull this weekend. Most of the time there are only a few hundred Bitcoins traded every half hour on Bitfinex, and sometimes there's almost no trading at all. I expected automated bots to keep on micro trading when everyone else stopped, but even the bots seem to have stopped.

Because this is how bitcoin's real use looks like, beside drug dealers no one need it?

[Fatman3001]

click here if broke and bored

(it won't help, but I'm bored too)

[tarmi]

 

[inca]

<troll crap>

All other financial markets are closed at the weekend. The rest of us have something called real life to exist within outside working hours. You should probably look into it.

[ssmc2]

Hey tarmi tell us more about your favorite altcoin. 

[dropt]

Hey tarmi tell us more about your favorite altcoin. 

I heard tarmi was the only one still buying paycoin 

[podyx]

Hey tarmi tell us more about your favorite altcoin. 

I heard tarmi was the only one still buying paycoin 

[Cconvert2G36]

Not my Angus again??

[minerpumpkin]

Teh shorting seems to be broken. Doesn't really go down. BBands rejoicing?

This is awesome... The bid-side on Finex is stacking up, yet no trade in 5 minutes...

[bassclef]

That's it, show's over folks ... you've had your $2.5 range for today and if you didn't get rich you're doin it wrong  

The boring price range is incredibly dull this weekend. Most of the time there are only a few hundred Bitcoins traded every half hour on Bitfinex, and sometimes there's almost no trading at all. I expected automated bots to keep on micro trading when everyone else stopped, but even the bots seem to have stopped.

Volume has been quite low since the correction of the ride to $300 ended. Not much selling but not a lot of buying either. Everyone's waiting, waiting waiting. From a market making perspective, this would be a great time to pump... market with most speculative selling removed + multiple failed dumps + great news on all fronts. Everyone's waiting on the ETN news. But the potential is there.

[ChartBuddy]

Coin
Explanation