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

[PoolMinor]

Come on everybody, time for some celebratory Haiku...

Oh joyous teacup
May your handle be short-lived!
Willy is so proud

Badger of honey
Crotchety gob of bee glue
Spit gold in my face

 

Choo Choo eh, choo choo
Mother Fucker choo choo choo
Mother fucker choo

[Chainsaw]

Rose to face the sun
The sun was now behind me
Welcome to the moon

[European Central Bank]

their buy in was at the $10 mark mainly i think. they've been at it for five years now and arrived long before many people here. they definitely ain't johnny come latelys.

If they bought $11M worth of bitcoin around $10/btc, then they would have a million bitcoin.  

Impossible, no way in hell that they have 1 million bitcoin worth over $1T.

Unless I'm confused and they had $11M worth of bitcoin in 2013 at $120/btc?? That would mean that they only invested like $1.1M in 2012 at $10/btc, giving them ~100K bitcoin.

1 million would be $1 billion, not $1 trillion.

However, I believe that the number the claimed is 21000 or 1/1000th of the supply limit.  0.1%

Yeah, had a brain fart on that calc, typed a T instead of a B.  But I think I answered my own question, they must have invested around $1M or so in 2012.

If we assume their main stash was their 65 million Facebook payout, 1 million was bold but not suicidal. I'm doubt they would've gone much beyond that at such an early stage.

And that 1 % figure was the supply at the time they bought in 2012. I'm pretty sure 100,000 is the most common figure bandied about.

[HI-TEC99]

their buy in was at the $10 mark mainly i think. they've been at it for five years now and arrived long before many people here. they definitely ain't johnny come latelys.

If they bought $11M worth of bitcoin around $10/btc, then they would have a million bitcoin.  

Impossible, no way in hell that they have 1 million bitcoin worth over $1T.

Unless I'm confused and they had $11M worth of bitcoin in 2013 at $120/btc?? That would mean that they only invested like $1.1M in 2012 at $10/btc, giving them ~100K bitcoin.

1 million would be $1 billion, not $1 trillion.

However, I believe that the number the claimed is 21000 or 1/1000th of the supply limit.  0.1%

Yeah, had a brain fart on that calc, typed a T instead of a B.  But I think I answered my own question, they must have invested around $1M or so in 2012.

If we assume their main stash was their 65 million Facebook payout, 1 million was bold but not suicidal. I'm doubt they would've gone much beyond that at such an early stage.

And that 1 % figure was the supply at the time they bought in 2012. I'm pretty sure 100,000 is the most common figure bandied about.

That's what businessinsider says they own. It estimated 108,000 Bitcoins bought at a maximum of $15.40 each. That was 1% of all coins when there were only 10.8 million Bitcoins mined.

http://www.businessinsider.com/the-winklevoss-twins-bitcoins-2013-4?IR=T

The Winklevii — as they are popularly known — say they own nearly 1 percent of that, or some $11 million."

There are 10.8 million bitcoins out there, so that means the  Winklevii  own about 108,000 of them.

...the Times notes that the 31-year old identical twins began buying up Bitcoins last summer. As of August 2012, the highest value Bitcoin reached was $15.40, so they are still sitting pretty.

[jbreher]

and i'm in the red something like 4 BTC... ARGH.

never-go-full-retard.png

[Fakhoury]

Sure JJG, here it's brother : https://www.reddit.com/r/Bitcoin/comments/5vt1us/coin_etf_and_bats_industry_leaders_met_with_sec/

Thanks for that link Fakhoury.  Lots of good info and links in there.   I think that the mere meetings does not necessarily conclude green for the ETF for sure, but such a set of happenings probably increases the probability of green for the ETF.

You are most welcome JJG.

I agree, but if it's no, why all of this hassle ?

[jbreher]

Badger of honey
Crotchety gob of bee glue
Spit gold in my face

 

gotta admit.. I lol'd

You have a way with words, BMB.

[jbreher]

I thought I once saw them say the bought most of their coins in 2012.

I'm thinking 2013. They had a big presence at BitCoin2013 San Jose (it was a conference). I don't remember them being around before that.

[ImI]

Sure JJG, here it's brother : https://www.reddit.com/r/Bitcoin/comments/5vt1us/coin_etf_and_bats_industry_leaders_met_with_sec/

Thanks for that link Fakhoury.  Lots of good info and links in there.   I think that the mere meetings does not necessarily conclude green for the ETF for sure, but such a set of happenings probably increases the probability of green for the ETF.

You are most welcome JJG.

I agree, but if it's no, why all of this hassle ?

Could also mean they want to give them a last chance to make modifications, otherwise they deny.

Nevertheless i have to admit i am seeing the chances now more like 50:50 instead of 10:90

Edit: Which is crazy cause ETF would mean 3000+ pretty fast..

[MinermanNC]

BTC looking solid. By shear happening a few nights ago, I watched Max Keiser Report, and he said invest in gold, silver and Bitcoin  Later on he had a spot on a show to describe crypto and really put the plugs in for it and mentioned its at an all time high and should continue... ok, not that I necessarily believe all he says 

[Fakhoury]

Sure JJG, here it's brother : https://www.reddit.com/r/Bitcoin/comments/5vt1us/coin_etf_and_bats_industry_leaders_met_with_sec/

Thanks for that link Fakhoury.  Lots of good info and links in there.   I think that the mere meetings does not necessarily conclude green for the ETF for sure, but such a set of happenings probably increases the probability of green for the ETF.

You are most welcome JJG.

I agree, but if it's no, why all of this hassle ?

Could also mean they want to give them a last chance to make modifications, otherwise they deny.

Nevertheless i have to admit i am seeing the chances now more like 50:50 instead of 10:90

Edit: Which is crazy cause ETF would mean 3000+ pretty fast..

I agree with you ImI, a kind of modification before the green light, what does this mean at the end, the long-awaited approval.

[notme]

and i'm in the red something like 4 BTC... ARGH.

How in the fuck does that happen ?!

Shorters 

[Torque]

Let's all have a laugh.

[JimboToronto]

Well well just got home and checked the price barely in time to see a new ATH... $1195.5 on Stamp.

Hopefully we'll get so accustomed to daily ATHs that we won't even notice any more.

Go Bitcoin go.

[AZwarel]

Wonder how fast that fake 1000+ wall at 1200$ melts away on stamp. Huge buys, like 150 BTC in half minute!

1200$, here we go!

[arklan]

and i'm in the red something like 4 BTC... ARGH.

How in the fuck does that happen ?!

Shorters 

negative. not an trader at all actually. it's a couple loans from way, way back when the price was like 300 or under. i've just been a fail of a money maker and not gotten it paid down. the thread is out there in the lending sub-forum i'm sure.

[Fakhoury]

Well well just got home and checked the price barely in time to see a new ATH... $1195.5 on Stamp.

Hopefully we'll get so accustomed to daily ATHs that we won't even notice any more.

Go Bitcoin go.

Our new target now is $1,700 - $1,800.

This is without the ETF approval.

[hd060053]

bfx broke 1200 wall. whats happening 

[Fakhoury]

[Paashaas]

This is the last day of the week when people going to move more money to the exchanges, the price will continue going up.

Bha i dont want to go to work now, i wanna stay here with my fellow bullish internet Bitcoin friends having a great time