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

[Buster]

What do you think will happen at 999.99 on stamp:

3: Wall withdrawn

[SnowMonkey_CG]

Anybody caught this BBC article yet?

http://www.bbc.co.uk/news/technology-25130261

[kurious]

What do you think will happen at 999.99 on stamp:

1: Wall eaten in 10 seconds
2: Wall slowly eaten
3: Wall withdrawn
4: Bouncing for several hours from wall

Make your guess quick!

5. Wall eaten in 10min

4.  Can't happen quick unless withdrawn....   Slow capitulation, then part withdrawn is most likely I am guessing - it is too cheap!

[macsga]

$1150 soon!!!

[windjc]

I never really realized how BTC-E operated until today. Its truly amazing.

The traders there are basically working together to keep BTC price down on their exchange. I mean, someone could go into that exchange and buy it up to $1000 for almost nothing. But by keeping the BTC price low, they can inflate the relative prices of the other currencies in the exchange, making those currencies appear more attractive.

Then eventually some money comes into the exchange and the BTC price goes up. But meanwhile all the other currencies look strongly than they should because the weighted against a suppressed BTC price.

[kehtolo]

What do you think will happen at 999.99 on stamp:

1: Wall eaten in 10 seconds
2: Wall slowly eaten
3: Wall withdrawn
4: Bouncing for several hours from wall

Make your guess quick!

4: Bouncing for several hours from wall

Coz, that would be more like Stamp

[Vycid]

I'm excited as everyone else and want to see this going to 10k but people seem to forget that all it takes it one whale dumping 30k coins and we're back at 400 and then panic selling will bring us even lower. And all confidence will be gone if such a thing happens.
It might take months to go up from there again.
And there are still quite some people who have the coins to do such thing.
Let's just hope that whale won't do it this way. Let's hope he won't want to crash the market while selling.

He would be EXTREMELY stupid to do it.

And i dont believe stupidity makes you a whale (rich) in the first place.

Unfortunately all it takes to be a Bitcoin whale is $50 in 2010.

Sooner or later some chucklefuck will remember they have 10000 coins, or the FBI will market sell.

WOW it flew right over your head didnt it?

A whale that you said is no longer a whale because they already cashed out.

Whoever still keeps their stash of coins now dont cash out like that. They probably understand bitcoin and not stupid as you think they are.

Lol, say it flew over my head while failing to comprehend my comment.

will remember they have 10000 coins

This happens all the time. There have been some boring stretches in Bitcoin's history,  some people moved in with their lives in the interim. They may see it on the news and remember.

[seriouscoin]

We will be on par with GOLD soon!

[seriouscoin]

I'm excited as everyone else and want to see this going to 10k but people seem to forget that all it takes it one whale dumping 30k coins and we're back at 400 and then panic selling will bring us even lower. And all confidence will be gone if such a thing happens.
It might take months to go up from there again.
And there are still quite some people who have the coins to do such thing.
Let's just hope that whale won't do it this way. Let's hope he won't want to crash the market while selling.

He would be EXTREMELY stupid to do it.

And i dont believe stupidity makes you a whale (rich) in the first place.

Unfortunately all it takes to be a Bitcoin whale is $50 in 2010.

Sooner or later some chucklefuck will remember they have 10000 coins, or the FBI will market sell.

WOW it flew right over your head didnt it?

A whale that you said is no longer a whale because they already cashed out.

Whoever still keeps their stash of coins now dont cash out like that. They probably understand bitcoin and not stupid as you think they are.

Lol, say it flew over my head while failing to comprehend my comment.

will remember they have 10000 coins

This happens all the time. There have been some boring stretches in Bitcoin's history,  some people moved in with their lives in the interim. They may see it on the news and remember.

so you assume they're just stupid? So what they remember their stash? assuming they're stupid and make a market sell?

[macsga]

Nobody -read again- NOBODY who owns a 3 or 4 digit amount of BTCs is selling nowadays. It's all what they were looking for and patiently waiting, all this time. It will simply won't happen (unless they want to convince some weak hands to sell their stash to them in panic sells)...

[windjc]

It amazes me that people with fiat can look at those 3500+ coins on Stamp and not see them as cheap. Especially with the other exchanges running away from them.

Truly amazing.

I'll be so glad when there are no stupid spreads in this market. Maybe Santa will grant me that wish in 2014.

[Vycid]

Nobody -read again- NOBODY who owns a 3 or 4 digit amount of BTCs is selling nowadays. It's all what they were looking for and patiently waiting, all this time. It will simply won't happen (unless they want to convince some weak hands to sell their stash to them in panic sells)...

rpitiela has been cashing out regularly for a while. And I wonder where you think these 3k walls come from.

I'm not bearish,  you guys are just delusional.

[Rampion]

Nobody -read again- NOBODY who owns a 3 or 4 digit amount of BTCs is selling nowadays. It's all what they were looking for and patiently waiting, all this time. It will simply won't happen (unless they want to convince some weak hands to sell their stash to them in panic sells)...

Well, you have somebody selling 3k coins at $1k on Stamp

Do not forget that there are quite a lot +3k BTC holders that mined back in 2010, 2011 and 2012, and that never in their lives have seen more thant $50k at the same time. The sensible thing to do for those guys is to sell 1k coins and bring home their first million. They won't be "all set for life", but their life will VASTLY improve for the years to come.

You see, money has a marginal utility once you reach a certain spot. Securing the first million is much more important than making the second one. Sensible guys know this.

[Vycid]

Nobody -read again- NOBODY who owns a 3 or 4 digit amount of BTCs is selling nowadays. It's all what they were looking for and patiently waiting, all this time. It will simply won't happen (unless they want to convince some weak hands to sell their stash to them in panic sells)...

Well, you have somebody selling 3k coins at $1k on Stamp

Do not forget that there are quite a lot +3k BTC holders that mined back in 2010, 2011 and 2012, and that never in their lives have seen more thant $50k at the same time. The sensible thing to do for those guys is to sell 1k coins and bring home their first million. They won't be "all set for life", but their life will VASTLY improve for the years to come.

You see, money has a marginal utility once you reach a certain spot. Securing the first million is much more important than making the second one. Sensible guys know this.

Yep. If I woke up and realized I had 3k BTC I would sell 1k immediately.

The interesting thing is, a smaller and smaller amount of these rediscovered early stashes actually needs to be liquidated to provide financial security.

[seanneko]

It amazes me that people with fiat can look at those 3500+ coins on Stamp and not see them as cheap. Especially with the other exchanges running away from them.

To be fair, the other exchanges (Gox and China) have historically been overpriced. China pretty much had their own crash just a couple of weeks back. Perhaps it's those which are expensive, not Stamp which is cheap.

[wachtwoord]

Nobody -read again- NOBODY who owns a 3 or 4 digit amount of BTCs is selling nowadays. It's all what they were looking for and patiently waiting, all this time. It will simply won't happen (unless they want to convince some weak hands to sell their stash to them in panic sells)...

Well, you have somebody selling 3k coins at $1k on Stamp

Do not forget that there are quite a lot +3k BTC holders that mined back in 2010, 2011 and 2012, and that never in their lives have seen more thant $50k at the same time. The sensible thing to do for those guys is to sell 1k coins and bring home their first million. They won't be "all set for life", but their life will VASTLY improve for the years to come.

You see, money has a marginal utility once you reach a certain spot. Securing the first million is much more important than making the second one. Sensible guys know this.

Yep. If I woke up and realized I had 3k BTC I would sell 1k immediately.

I would dance around excitedly wondering how the hell my Bitcoins made babies!

[accord01]

Is bitstamp processing payments today for USA people?  If so, then how much do you guys estimate USA funds will be added today?

[macsga]

You people never read the second line I posted... Come on; did you?

[windjc]

It amazes me that people with fiat can look at those 3500+ coins on Stamp and not see them as cheap. Especially with the other exchanges running away from them.

To be fair, the other exchanges (Gox and China) have historically been overpriced. China pretty much had their own crash just a couple of weeks back. Perhaps it's those which are expensive, not Stamp which is cheap.

Ummm, have to disagree. This is OBVIOUSLY a bull rally. This market is going up and soon too. Every indication is that fresh money is ready to drive this market much higher. $999 is a GREAT price right now. Its almost guaranteed a 20% return, probably 40 or 50 or more.

There is no "overpriced" right now. Not in these conditions. Its not about what someones "opinion" of overpriced is, money wants this market higher.

For people just to stare at this wall is ridiculous.

[accord01]

You people never read the second line I posted... Come on; did you?

So who is selling, 5 digits?