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

[BlackSpidy]

Dump3r expecting new ATH. Bullish.

Is there an example of this opinion? Sorry I didn't watch Dump3r carefully.
Who elses moves can you predict future Bitcoin price?

Nah, it was a joke. He said something like "we'll see lower lows before a new ATH", meaning that the first is more likely than the second. I mischaracterized it as sequential prediction.

[ChartBuddy]

Coin
Explanation

[wakasaki808]

wut?

[Meuh6879]

  I love this screen ... 

[Alley]

Is it just me or is the bid side getting loaded up again?

[ChartBuddy]

Coin
Explanation

[Fatman3001]

Didn't you go long?

You mean long like a permabull? I never went that long!  

Meanwhile I closed all longs and stand on the sideline, observing the development. This retracement could even go a lot a higher, but we’re  here on some critical point now, where a reversal is not very improbable. Anyway, even if the retracement goes higher (where the dump3er will jump on again) I’m sure that we’ll see mayor lower lows before a new ath

Nah, it's all up from now. Just you see!

[aztecminer]

Looks like our Wall-Observer bulls are prematurely overexcited once again. It’s always the same. Will it ever change? Maybe when we hit the real bottom...

Premature? Actually we have been spot on...You?
BTC is going up in an orderly fashion...look at the chart!

I surrender! 

You guys will always celebrate each retracement like price just hit 32,000!

But don’t forget, meanwhile price is 255 and not 32,000.

awesome reminding us all how much we lost in bitcoin... it's the same thing in precious metals.. everyone is low moral and pissed off.. however.. keep buying moar .. they can remind us how much we lost as we accumulate more coins that are cheap and easy to buy. ... on sale 4 bitcoins for $1000. ... i think the best deal i got so far was 5 bitcoins for $1000 .... when the crash happens everyone will be herded into bitcoin just like they are in greece... Greek Finance Minister Yanis Varoufakis used to work for a bitcoin company ... the economic system is in bad shape they are going to abandon it after they abuse it to its fullest potential. they have to do something because the "interest to infinity" debt slavery system is a complete total failure... and is causing other failures as it continues to fail. its obvious... greece and puero rico are the first of whats going down .... you can always be like most of the greeks and wait until just after the last moment to stand in the line at the atm.. be sure you wear your most comfy shoes in the atm line everyday to withdraw your sixty dollars while you get all your cheese turned into cheesecake on the 'big block of cheese day' ....

[ChartBuddy]

Coin
Explanation

[Alley]

China market down 5% to start the day.

[adamstgBit]

https://bitcointalk.org/index.php?topic=796276.msg11777478#msg11777478

BitMovements update, enjoy!

[ChartBuddy]

Coin
Explanation

[Fatman3001]

https://bitcointalk.org/index.php?topic=796276.msg11777478#msg11777478

BitMovements update, enjoy!

"Bitcoin finds a New Beginning"

Let's hope it's better than Star Trek: A New Beginning.

[PoolMinor]

https://bitcointalk.org/index.php?topic=796276.msg11777478#msg11777478

BitMovements update, enjoy!

It's time to dance!

Young Montana? - Sacré Cool

[JorgeStolfi]

The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash.

The deadline for victims to submit their claims was ~May 25, 2015.  The bankruptcy trustee Nobuaki Kobayashi now has until September 2015 to validate those claims and define the payouts. 

It is very unlikely that Kobayashi will try to sell the remaining bitcoins on exchanges.  Either he will return them as BTC through Kraken, or he will auction them. 

I suppose that he would like to return them as BTC, to save him the headache of organizing the auction.  (Or perhaps not, since he will charge extra for that work.)  However, he would have to convince the bankruptcy judge to authorize that; and the precedents, if not the laws, all seem to require the conversion to JPY.

I can see also some logistic obstacles to returning things in BTC.  Suppose that the spoils of MtGOX are 1 billion JPY and 200 k BTC, worth 1 + 5 = 6 G JPY in all; but the validated claims by victims add to 4 G JPY and 320 k BTC, worth 4 + 8 = 12 G JPY total.  So each victim should receive 50% of his claim, and Kobayashi would have to give out 2 G JPY and 160 k BTC.  He cannot force victims to take BTC in place of JPY, so he would have to auction 40 k BTC anyway to make those payouts. 

If the mismatch goes the other way, things will be easier because he can (legally) force the victims to accept JPY instead of some of the BTC that they claimed.  But the idiots who insist on getting refunded in BTC are going to make a big fuss anyway.

There may be also complaints by victims if the BTC price changes between the time that Kobayashi computs the payouts and the time that the victims received their BTC on Kraken.  Note that a change in the BTC price affects all payouts, even those of victims who want to be paid in JPY only.

I suspect that he will regret having admitted the possibility of a refund in BTC...

[BlindMayorBitcorn]

The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash.

The deadline for victims to submit their claims was ~May 25, 2015.  The bankruptcy trustee Nobuaki Kobayashi now has until September 2015 to validate those claims and define the payouts. 

It is very unlikely that Kobayashi will try to sell the remaining bitcoins on exchanges.  Either he will return them as BTC through Kraken, or he will auction them. 

I suppose that he would like to return them as BTC, to save him the headache of organizing the auction.  (Or perhaps not, since he will charge extra for that work.)  However, he would have to convince the bankruptcy judge to authorize that; and the precedents, if not the laws, all seem to require the conversion to JPY.

I can see also some logistic obstacles to returning things in BTC.  Suppose that the spoils of MtGOX are 1 billion JPY and 200 k BTC, worth 1 + 5 = 6 G JPY in all; but the validated claims by victims add to 4 G JPY and 320 k BTC, worth 4 + 8 = 12 G JPY total.  So each victim should receive 50% of his claim, and Kobayashi would have to give out 2 G JPY and 160 k BTC.  He cannot force victims to take BTC in place of JPY, so he would have to auction 40 k BTC anyway to make those payouts. 

If the mismatch goes the other way, things will be easier because he can (legally) force the victims to accept JPY instead of some of the BTC that they claimed.  But the idiots who insist on getting refunded in BTC are going to make a big fuss anyway.

There may be also complaints by victims if the BTC price changes between the time that Kobayashi computs the payouts and the time that the victims received their BTC on Kraken.  Note that a change in the BTC price affects all payouts, even those of victims who want to be paid in JPY only.

I suspect that he will regret having admitted the possibility of a refund in BTC...

I'm sorry Professor but I have to disagree. I wouldn't put anything past a guy that can inhale hot dogs like that.

[ChartBuddy]

Coin
Explanation

[Dump3er]

Dump3r expecting new ATH. Bullish.

Is there an example of this opinion? Sorry I didn't watch Dump3r carefully.
Who elses moves can you predict future Bitcoin price?

Nah, it was a joke. He said something like "we'll see lower lows before a new ATH", meaning that the first is more likely than the second. I mischaracterized it as sequential prediction.

Nope. You didn’t mischaracterize it. It was a sequential prediction.

[lyth0s]

https://bitcointalk.org/index.php?topic=796276.msg11777478#msg11777478

BitMovements update, enjoy!

I think $32,000 will be reached much faster than that.

[Dump3er]

You mean long like a permabull? I never went that long!  

Meanwhile I closed all longs and stand on the sideline, observing the development. This retracement could even go a lot a higher, but we’re  here on some critical point now, where a reversal is not very improbable. Anyway, even if the retracement goes higher (where the dump3er will jump on again) I’m sure that we’ll see mayor lower lows before a new ath

Translation: I have no idea where the price will go but ill give a bearish tilt as i closed my long position. If it goes higher I will get FOMO and chase the price higher.

No, I still tend to be slightly bullish in the short term. But if you trade, you should have a rational plan and not trade based on emotion and intuition, therefore it’s no contradiction to feel bullish and nevertheless close the long position (meanwhile).

A small loss would be no problem.