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

[TERA]

Is Fortress buying (or already bought) btc or are they investing in btc business instead?

[OldGeek]

Rumor that they are starting a fund.

[ChartBuddy]

[TERA]

Rumor that they are starting a fund.

I'm asking what the money in the fund is used for.  It might either be used for buying btc or for investing in bitcoin-based businesses.

The deposit lag I'm referring to is not neccessarily from Fortress itself but from btc traders "buying the news".

[OldGeek]

Don't have a link handy but I think they are gonna buy btc and hold.

[OldGeek]

Ya.  I think the rumor has been bought.

[thefunkybits]

Omg fresh fiat is coming forsure! last chance to buy under 1000!

see yall at $500

[OldGeek]

Omg fresh fiat is coming forsure! last chance to buy under 1000!

see yall at $500

lol.  I know you say that as a joke, but there are many who hang out here that will be dismayed.

I can't see a great influx of $ hitting the markets.  Ya, there is sure to be some new money coming in.  There always is.  But what reason would a deep-pockets wall streeter have for pouring in $100k?

The markets we have now don't have the liquidity to handle trading like that.  Well, that's my feeling.  There may be the offsetting amounts that I don't have a clue about.  Time will tell.

[TERA]

Omg fresh fiat is coming forsure! last chance to buy under 1000!

see yall at $500

lol.  I know you say that as a joke, but there are many who hang out here that will be dismayed.

I can't see a great influx of $ hitting the markets.  Ya, there is sure to be some new money coming in.  There always is.  But what reason would a deep-pockets wall streeter have for pouring in $100k?

The markets we have now don't have the liquidity to handle trading like that.  Well, that's my feeling.  There may be the offsetting amounts that I don't have a clue about.  Time will tell.

I think you have the wrong impression of deep pockets. These days, $100K investments come from your average forum user who has been around for a couple ralles, and you can often make a $100k investment easily by buying from a single person's order on Bitfinex.. A deep pocket in wall street is probably looking to allocate $10-$100M...  

[Davyd05]

Omg fresh fiat is coming forsure! last chance to buy under 1000!

see yall at $500

lol.  I know you say that as a joke, but there are many who hang out here that will be dismayed.

I can't see a great influx of $ hitting the markets.  Ya, there is sure to be some new money coming in.  There always is.  But what reason would a deep-pockets wall streeter have for pouring in $100k?

The markets we have now don't have the liquidity to handle trading like that.  Well, that's my feeling.  There may be the offsetting amounts that I don't have a clue about.  Time will tell.

I think you have the wrong impression of deep pockets. $100K investments come from your average forum user who has been around for a couple ralles. A deep pocket in wall street is probably looking to allocate $10-$100M...  

People don't seem to gather how many were once made rich by bitcoin, and how the rich are looking at it just because it could make them richer. Again nothing should be done quickly strictly because someone might invest fiat into btc

[OldGeek]

I think you have the wrong impression of deep pockets. These days, $100K investments come from your average forum user who has been around for a couple ralles, and you can often make a $100k investment easily by buying from a single person's order on Bitfinex.. A deep pocket in wall street is probably looking to allocate $10-$100M...  

Yes.  I was thinking more on the lines of 100-200 of the 100K guys getting in about the same time.  The lights on MtSux would be rainbow colored.

[ChartBuddy]

[shmadz]

This series should be required reading for all miners: https://bitcointalk.org/index.php?topic=66026.0

Agreed.

Sorry, I haven't caught up yet, but this post in particular taught me much of what I needed to know in order to become a profitable miner.

OOC should be commended for his tireless work.

[Nightowlace]

Second Market is holding $75 Million in Bitcoin. I would expect Fortress to double that. If Pantera is involved with Fortress we could see upwards of $200 million. If Pantera is still considering it's own fund down the road we won't see that quite yet.
Keep in mind these are investment funds. The twins are getting one off the ground as well.
Plus once these Wall Street boys start to infiltrate the exchanges, or when a new exchange opens up that the wall street investors will trade on you will have no problem seeing that kind of volume.

Look at it this way;

If they are currently buying OTC from some large holders they will ultimately start to transfer them into holdings or onto a market. Once those transfers start taking place and everyone has bought their BTC look out, the coins will start to fly, main street will start to buy high and sell low and we will see some serious action.

I am calling $2200 by April 1

[OldGeek]

I am calling $2200 by April 1

I like that number a lot.

Deeper thoughts please.  What percentage of the wall street money will be bought as a long-term investment and what will be placed on an exchange for trading?

[BitChick]

I am calling $2200 by April 1

$4500 by April 1st.

Huge run up to $10,000 by mid May and then a slight "correction" or "crash" to $6000 or so by late May or early June followed by continued growth back to $10,000 by July then another run at some point in August or Sept up to $50,000 to even $100,000.  

I am a bull but I think this scenario is quite plausible based on this:

https://bitcointalk.org/index.php?topic=322058.msg4227238#msg4227238

[OldGeek]

I am a bull but I think this scenario is quite plausible based on this:

https://bitcointalk.org/index.php?topic=322058.msg4227238#msg4227238

Pretty lines!

I'm a long-term bull as well.  I'm just having trouble visualizing how the volume will be there to satisfy those numbers.  There will have to be a lot of days destroyed coming up.

[fallinglantern]

I am a bull but I think this scenario is quite plausible based on this:

https://bitcointalk.org/index.php?topic=322058.msg4227238#msg4227238

I too am a bull, but I find it really hard to trust a model that ignores the 2011 bubble. Much as I'd love for that to be the case, it seems improbable.

[DieJohnny]

I am a bull but I think this scenario is quite plausible based on this:

https://bitcointalk.org/index.php?topic=322058.msg4227238#msg4227238

Pretty lines!

I'm a long-term bull as well.  I'm just having trouble visualizing how the volume will be there to satisfy those numbers.  There will have to be a lot of days destroyed coming up.

+1, things have to settle down from the fresh round of millionaires bitcoin just minted, going from 100 - 1000 i think came so fast and has put expectations enormously high. Going from 1000 - 10000 will require many, many, many more BILLIONS flowing into actual bitcoin purchases, not just speculative millions from a facebook millionaire or two.

On the bull side, if a tulip sold for a years salary hundreds of years ago, why not a bitcoin today....

[ChartBuddy]