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

[DougTanner]

So pretty. No one knows where to go or what to do.

[Sword Smith]

The last two days looks extremely bullish, though.

(sorry. Couldn't resist)

What means "fap", Precious?

[Sword Smith]

It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?

Something to do with 'this new trading thing'. Meaning, theres many new entrants who have just discovered trading, small and large size alike.
Doing what you describe is exactly what they do.

I feel sorry for all the people that sold at $50 and bought back at $165. They must be tearing their hair out right now wondering what to do.

It seemed a large player tried to crash the price from $50 and down to $20-30. But an even larger player, maybe the one starting the crash from 266 gobbled up everything between 50 and 70. Whence the gigantic volume at the low on April 16th. That is my theory

[josiahgarber]

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000.  Not a lot of money in the whole scheme of things.

[Rampion]

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000.  Not a lot of money in the whole scheme of things.

You should know that means nothing.

FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.

Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.

[Sword Smith]

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000.  Not a lot of money in the whole scheme of things.

You should know that means nothing.

FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.

Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.

If he is smart enough to invent bitcoins, he is smart enough to sell responsibly. I believe.

[Jaroslaw]

Satoshi is Sosa Kaiser deal with it.

[Richy_T]

I think the point is that the order book is not written in stone. It is dynamic and changes according to circumstance.

[josiahgarber]

I think the point is that the order book is not written in stone. It is dynamic and changes according to circumstance.

Yes i understand this.  And if satoshi began to sell large amounts I think there would be more bids put in as the price fell.  And the reverse for the reverse scenario.  Just thought it was fun to think about the walls out to $1000/btc.

[Rampion]

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000.  Not a lot of money in the whole scheme of things.

You should know that means nothing.

FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.

Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.

If he is smart enough to invent bitcoins, he is smart enough to sell responsibly. I believe.

Well, I would be more confortable if he would have moved some coins, gradually. He never moved A SINGLE COIN according to the blockchain. Not even at the peak of 2011 bubble, not even at $200 BTC/USD.

Frankly, people sees this as "this guy really believes in BTC potential!", but sometimes that just makes me doubt of his sanity. If he never moved a single coin in all his life, he is very well capable of dumping them suddenly. That's how I see it, and many times I think that he will destroy what he created in that way.

And remember that nobody can wait forever to be filthy rich.

Hope it's just a nightmare tough

[Piper67]

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000.  Not a lot of money in the whole scheme of things.

You should know that means nothing.

FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.

Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.

He's already rich. When he needs fiat for something, he can sell some BTC. If what he wants can be paid for with BTC, he doesn't need to sell them at all.

Talk of cashing out is, once again, just a failure of the imagination.

[rpietila]

RPIETILA HERE IS YOUR CHANCE FFS!

I just got back, what's the price? Should I have bought back already or you want me to do it now?

[seleme]

any link for satoshi's address?

[DougTanner]

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000.  Not a lot of money in the whole scheme of things.

You should know that means nothing.

FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.

Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.

If he is smart enough to invent bitcoins, he is smart enough to sell responsibly. I believe.

Well, I would be more confortable if he would have moved some coins, gradually. He never moved A SINGLE COIN according to the blockchain. Not even at the peak of 2011 bubble, not even at $200 BTC/USD.

I wonder if he didn't just die. That would explain why he suddenly thrust Gavin to the front of the project, maybe he was diagnosed with un-treatable cancer and knew his time was limited. It would also explain the sudden and total lack of communications, and the lack of wallet activity. Maybe he was caught unawares with the speed of the progression and wasn't able to transfer his passwords to someone he trusted.

It makes about as much sense as any of the other theories anyway.

[Rampion]

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000.  Not a lot of money in the whole scheme of things.

You should know that means nothing.

FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.

Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.

He's already rich. When he needs fiat for something, he can sell some BTC. If what he wants can be paid for with BTC, he doesn't need to sell them at all.

Talk of cashing out is, once again, just a failure of the imagination.

He never moved a single coin. Not entirely true, he did some test transfer to Hal Finney, but that's it. He/they may be dead, or he/they may be planning to dump his/their stash at once. If not, why Satoshi did not sell coins till now? Why Satoshi did not buy anything with bitcoins? Is all in the blockchain. His coins never moved apart from some well documented transactions to early cooperators.

[SAQ]

Me bear right now.

The question is, how low can we go? 130? 100?

[Piper67]

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000.  Not a lot of money in the whole scheme of things.

You should know that means nothing.

FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.

Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.

He's already rich. When he needs fiat for something, he can sell some BTC. If what he wants can be paid for with BTC, he doesn't need to sell them at all.

Talk of cashing out is, once again, just a failure of the imagination.

He never moved a single coin. Not entirely true, he did some test transfer to Hal Finney, but that's it. He/they may be dead, or he/they may be planning to dump his/their stash at once. If not, why Satoshi did not sell coins till now? Why Satoshi did not buy anything with bitcoins? Is all in the blockchain. His coins never moved apart from some well documented transactions to early cooperators.

You're assuming a single wallet, little grasshopper... never ever assume, you just make an ass out of u and me.

[gizmoh]

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000.  Not a lot of money in the whole scheme of things.

You should know that means nothing.

FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.

Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.

If he is smart enough to invent bitcoins, he is smart enough to sell responsibly. I believe.

Well, I would be more confortable if he would have moved some coins, gradually. He never moved A SINGLE COIN according to the blockchain. Not even at the peak of 2011 bubble, not even at $200 BTC/USD.

Frankly, people sees this as "this guy really believes in BTC potential!", but sometimes that just makes me doubt of his sanity. If he never moved a single coin in all his life, he is very well capable of dumping them suddenly. That's how I see it, and many times I think that he will destroy what he created in that way.

And remember that nobody can wait forever to be filthy rich.

Hope it's just a nightmare tough

What are his addresses for you to make such affirmations?
since the april 11 crash,there's a regular 3-5k sell order practically everyday,i would believe its satoshi..

[Rampion]

any link for satoshi's address?

Do you have a single address with your BTC?

https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

[batcoin]

RPIETILA HERE IS YOUR CHANCE FFS!

I just got back, what's the price? Should I have bought back already or you want me to do it now?

I posted that when it hit the first bottom at $150. I think you know what to do now.