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

[Cconvert2G36]

With this temporary general altcoin pump, I am wondering how it is funded.

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Altcoins can serve as an effective dumping mechanism. Even a guy like satoshi could dump his 1mn coin stash in BTCC by buying 5-10 alts, and then buying BTCs. With fiat he would have to pass through some type of verification though.
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[ChartBuddy]

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Explanation

[sAt0sHiFanClub]

Even a guy like satoshi could dump his 1mn coin stash in BTCC by buying 5-10 alts, and then buying BTCs.

You really are worried about this, aren't you?

[BlindMayorBitcorn]

jl777hodlCoin is up 196%. Seems legit.

[nor9865]

www.Circle.com or www.Coinbase.com are easy solutions with minimal to no fees. You can also use www.LocalBitcoins.com for a swift cash deposit at an above preev price. Nor, do you mind me asking what your average buy price is for your stockpile? Pure curiosity.

if i get preev price, ill got with it.

[BlindMayorBitcorn]

www.Circle.com or www.Coinbase.com are easy solutions with minimal to no fees. You can also use www.LocalBitcoins.com for a swift cash deposit at an above preev price. Nor, do you mind me asking what your average buy price is for your stockpile? Pure curiosity.

if i get preev price, ill got with it.

I'm sure this is all above board. Why don't I just wire you the money?

[AlexGR]

Even a guy like satoshi could dump his 1mn coin stash in BTCC by buying 5-10 alts, and then buying BTCs.

You really are worried about this, aren't you?

No I'm not worried the least about satoshi moving his coins. He's not here to daytrade etc. I'm just saying how it could go down between BTC < alts > BTCC with alts as a vehicle, without even needing to pass through $$$.

[nor9865]

www.Circle.com or www.Coinbase.com are easy solutions with minimal to no fees. You can also use www.LocalBitcoins.com for a swift cash deposit at an above preev price. Nor, do you mind me asking what your average buy price is for your stockpile? Pure curiosity.

if i get preev price, ill got with it.

I'm sure this is all above board. Why don't I just wire you the money?

i dont understand? o.O

and also for this amount i would believe 2 escrows would be required (you pick and discuss with him)

if there is no change in the price going upwards in the next 48hours, am dumping 40.

[ChartBuddy]

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Explanation

[Cconvert2G36]

Even a guy like satoshi could dump his 1mn coin stash in BTCC by buying 5-10 alts, and then buying BTCs.

You really are worried about this, aren't you?

No I'm not worried the least about satoshi moving his coins. He's not here to daytrade etc. I'm just saying how it could go down between BTC < alts > BTCC with alts as a vehicle, without even needing to pass through $$$.

What's bizarre is that you are adding an extra step. Say miners choose to fork to classic's 2MB, Core changes the PoW and lowers difficulty through their own hard fork... What's preventing an altcoin exchange from listing CoreCoins with all the other alts? (Your argument actually presupposes that they do.) The step of buying some other crap just to buy CoreCoin doesn't make any sense, you'd just sell classic bitcoin for core bitcoin directly, no? No fiat/verification required.

[barbs]

Eat my poopoo whales!

[JayJuanGee]

if it reaches $1000 i will dump 150btc, call it a day and do something else with my life. even if it reaches the sun later, no regrets. ive tried enough

Many people will dump around $1000. That is psychological resistance. See the dumps of 27/11 - 28/11 2013.

It's rather logical. That's why I always put my orders a few dollars before the too round numbers xD

That is why dumps also occur at prices like 950$, 1050$, 1040$. 

Yeah xD

And that is why you've got to find the real dumping price and get few cents before/after ^^

Sure, some of you goofballs are going to be attempting to time the market, and believe that you are making a killing when you dump all your coins at $949.83...

But, the smarter ones are going to ride out some of the waves and make sure that they are hanging onto some coins.

Playing all or nothing remains a very risky proposition... surely sometimes you can make out real well, but it is not a very good longer term strategy.. especially regarding bitcoin and its various unexpected exploding outbursts..

problem: bitcoin cannot scale..... that means it is bitcoin that is the risk..... as it stands we were told mid february XT would fork us into scale.... thats not happening... the talk is GIMP ... the truth of the matter is bitcoin has a very serious flaw.. it cannot scale.. therefore.. it cannot be used as a currency.......... meanwhile we are preping for the inevitable reset: http://plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=281

Nor do we know at what price, in dollars, the price will be set, or how it will be set. However, given the truly astronomic amounts of debt in existence, a very high price will be necessary to "liquefy" i.e. make payable remaining debt, whatever the amount remaining after the purge which is now in process. The very high price of gold will mean that all debt instruments will be subject to large losses in terms of gold value. The revaluation of gold will reduce the weight of the present debt overhang upon the world.

That's some fancy footwork Aztecminer, for you to change the topic to how bitcoin is going to supposedly fail in light of the supposed greater value of gold and other precious metals.

You are off topic.

What is being discussed, here, is bitcoin, and what is being discussed is a potential upturn in the bitcoin price and deciding at what points to cash out.

The supposed and alleged scaling issue of bitcoin (that seems to be largely fabricated) is mostly a short term issue and short term FUD propaganda in relationship to it... Yes, the issue is likely going to be used over and over and over and over in order to suggest that bitcoin is disfunctional, when the actual facts are the opposite in terms of development and computing power behind bitcoin.

Supposedly Bitcoin is not currently scaling (fast enough) and there is controversy concerning whether an actual need to increase the block size exists at the moment and if it is an emergency and what is the solution...

In the end, there are likely going to be various solutions that contribute towards resolving the purported scaleability problem (and yes, there will still be arguments and FUD about the continued supposed scaleability problem and the need for action and that bitcoin is dead and drama and fud etc etc... while the price is going up).


when BTC's price goes up, the question becomes when  to cash out and how much and how frequently to take profits or just to ride it out towards higher points (while it is at the same time experiencing up and down continued volatility). 

[BlindMayorBitcorn]

Eat my poopoo whales!

I think this is them being kind. Any one of them could decimate this little 'market' of ours.

[barbs]

They are anything but kind! Greedy pigs more like it!

[BlindMayorBitcorn]

They are anything but kind! Greedy pigs more like it!

[ImI]

nice little fight going on atm

[AlexGR]

Even a guy like satoshi could dump his 1mn coin stash in BTCC by buying 5-10 alts, and then buying BTCs.

You really are worried about this, aren't you?

No I'm not worried the least about satoshi moving his coins. He's not here to daytrade etc. I'm just saying how it could go down between BTC < alts > BTCC with alts as a vehicle, without even needing to pass through $$$.

What's bizarre is that you are adding an extra step. Say miners choose to fork to classic's 2MB, Core changes the PoW and lowers difficulty through their own hard fork... What's preventing an altcoin exchange from listing CoreCoins with all the other alts? (Your argument actually presupposes that they do.) The step of buying some other crap just to buy CoreCoin doesn't make any sense, you'd just sell classic bitcoin for core bitcoin directly, no? No fiat/verification required.

Actually I expect that in such a scenario most exchanges will not have dual trading but will rather use an event like that as an opportunity to confiscate BTCs as their own and replace them with BTCCs. Especially if they have political reasons of siding with BTCC. So you either find a reliable dual exchange that has both BTC and BTCC (which may be hard to find or even DDOSed), or you move with alts as a vehicle of +1 step.

Let's hope we never find out.

[JayJuanGee]

www.Circle.com or www.Coinbase.com are easy solutions with minimal to no fees. You can also use www.LocalBitcoins.com for a swift cash deposit at an above preev price. Nor, do you mind me asking what your average buy price is for your stockpile? Pure curiosity.

I thought that he already said around $280, so even selling at $380, he would be up $100 per BTC.. something like that.

[ChartBuddy]

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Explanation

[Richy_T]

There are still miners out there with old versions of the software and running the defaults. Thus, if there's not too much of a backlog, it's quite possible zero fee transactions will get included.

So if zero fee transactions are actually a problem, perhaps it is better that we do have a bit of miner centralization so we have professional miners who actually pay attention to what they are doing instead of a bunch of amateurs not acting in their rational self-interest as was supposed to happen.

Don't amateurs mainly hash for pools? It seems hard to believe there's any significant hashrate operated by hobbyists who actually run their own bitcoind for mining.

Good point. And mainly so I think. In fact, some of the offenders seem to be large pools. Antpool and slush appear to be still mining with a 750000 soft limit so it would be interesting to see if they were mining 0 fee transactions also.