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

[molecular]

expect.

Go away, thanks.

sometimes a word says more than a thousands lines (on a chart).

[aminorex]

well that makes me wish for a way to buy vol.

[Voodah]

expect.

Go away, thanks.

sometimes a word says more than a thousands lines (on a chart).

Here it can mean two:

..the moon

or

..the drop

which one?

[windjc]

expect.

Go away, thanks.

sometimes a word says more than a thousands lines (on a chart).

Here it can mean two:

..the moon

or

..the drop

which one?

Loaded is not the type to dump and not give a heads up first. Or he seems based on previous posts.

[mb300sd]

expect.

Go away, thanks.

sometimes a word says more than a thousands lines (on a chart).

Here it can mean two:

..the moon

or

..the drop

which one?

Loaded is not the type to dump and not give a heads up first. Or he seems based on previous posts.

Assuming his funds also show up on mondays....

[ElectricMucus]

lol the winkledouches are out of money.

[aminorex]

Loaded is not the type to dump and not give a heads up first. Or he seems based on previous posts.

If he needed fiat for something I doubt he would get it by such inefficient means.

[traderCJ]

As much as guys like loaded think they move the markets, all they can hope for is a temporary price movement.  These so-called whales are merely plankton in this ecosystem.

[windjc]

As much as guys like loaded think they move the markets, all they can hope for is a temporary price movement.  These so-called whales are merely plankton in this ecosystem.

Yeah, the last dump he warned us of did not happen.

[HairyMaclairy]

There are about 25,000 coins left on all the exchanges put together.  Just guesstimating -- didn't actually count them.

For about 40 million you could get a corner on bitcoin.

That's about 9 days of mining output.

If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded.  

Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins.  People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred.

People will probably flame me for saying this but whatever.  I am contributing by buying and hodling.

You're right.  In theory, one coin could be sold for $100k USD and for that brief moment, the market cap would be ~$1.2 trillion.

You guys realize as the more and more big players and funds get involved the more BTC will be sold OFF EXCHANGE and that the # of bitcoins sold on exchanges will DECREASE overtime?

Its these little obvious facts that seem to evade people who doubt the price of bitcoin can't go much higher.

I am perfectly aware that the price will go to 1 billion dollars per BTC when there is only 1 bit coin left on Mt Gox.  I am also perfectly aware that this price will instantly halve when some whale releases a second bitcoin on Mt Gox because "the market can't handle the volume".

It's laughable and I am quite enjoying it all.  

What discount do you think the big off-exchange trades are going at?  My bet is that they are at least a 50% discount to market (still an enormous sum).

[traderCJ]

There are about 25,000 coins left on all the exchanges put together.  Just guesstimating -- didn't actually count them.

For about 40 million you could get a corner on bitcoin.

That's about 9 days of mining output.

If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded.  

Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins.  People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred.

People will probably flame me for saying this but whatever.  I am contributing by buying and hodling.

You're right.  In theory, one coin could be sold for $100k USD and for that brief moment, the market cap would be ~$1.2 trillion.

You guys realize as the more and more big players and funds get involved the more BTC will be sold OFF EXCHANGE and that the # of bitcoins sold on exchanges will DECREASE overtime?

Its these little obvious facts that seem to evade people who doubt the price of bitcoin can't go much higher.

I am perfectly aware that the price will go to 1 billion dollars per BTC when there is only 1 bit coin left on Mt Gox.  I am also perfectly aware that this price will instantly halve when some whale releases a second bitcoin on Mt Gox because "the market can't handle the volume".

It's laughable and I am quite enjoying it all.  

What discount do you think the big off-exchange trades are going at?  My bet is that they are at least a 50% discount to market (still an enormous sum).

30% is typical for large off-market stock acquisitions.

[windjc]

There are about 25,000 coins left on all the exchanges put together.  Just guesstimating -- didn't actually count them.

For about 40 million you could get a corner on bitcoin.

That's about 9 days of mining output.

If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded.  

Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins.  People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred.

People will probably flame me for saying this but whatever.  I am contributing by buying and hodling.

You're right.  In theory, one coin could be sold for $100k USD and for that brief moment, the market cap would be ~$1.2 trillion.

You guys realize as the more and more big players and funds get involved the more BTC will be sold OFF EXCHANGE and that the # of bitcoins sold on exchanges will DECREASE overtime?

Its these little obvious facts that seem to evade people who doubt the price of bitcoin can't go much higher.

I am perfectly aware that the price will go to 1 billion dollars per BTC when there is only 1 bit coin left on Mt Gox.  I am also perfectly aware that this price will instantly halve when some whale releases a second bitcoin on Mt Gox because "the market can't handle the volume".

It's laughable and I am quite enjoying it all.  

What discount do you think the big off-exchange trades are going at?  My bet is that they are at least a 50% discount to market (still an enormous sum).

LOL. wut?

50% discount? Why the hell would miners sell off exchange for that?

The off exchange is an advantage for the BUYER. Fixed price. If you have read commentary from people who have bought off exchange sometimes its a minor discount and often a minor premium.

[hyphymikey]

As much as guys like loaded think they move the markets, all they can hope for is a temporary price movement.  These so-called whales are merely plankton in this ecosystem.

Yeah, the last dump he warned us of did not happen.

And I shorted my coins margin trading due to his words, annnnnd now their gone!

[windjc]

As much as guys like loaded think they move the markets, all they can hope for is a temporary price movement.  These so-called whales are merely plankton in this ecosystem.

Yeah, the last dump he warned us of did not happen.

And I shorted my coins margin trading due to his words, now I own 0 BTC.

Lol.

[chriswilmer]

With second market it was like a 2% discount for off exchange buys.

[mmitech]

I don't know why people think that big holders will dump, the more price will rise the better it works for them, even if they need fiat, selling 1000 BTC at $500 is not like selling 1000 BTC at $2000.


it works better for them when the price go up, will they buy the same amount or even half of what they hold now if the price drop to $500? I don't think so... and BTW big holders look in investing in bitcoin startups instead of cashing to FIAT, by that they surpass regulation and the hassle of getting that cash on their accounts

[windjc]

With second market it was like a 2% discount for off exchange buys.

Exactly. People are talking out there ass about this topic.

[nanobrain]

Tomorrow there will be a weekend low and that will be the best time to buy. Next week will test new levels of resistance.

Brave words...I'll make a note.

Please do. I haven't been wrong about a specific call I've posted on here yet.

Hey, Windy!
Just wanted to remind you about your prediction: so much for the weekend low eh?

[HairyMaclairy]

There are about 25,000 coins left on all the exchanges put together.  Just guesstimating -- didn't actually count them.

For about 40 million you could get a corner on bitcoin.

That's about 9 days of mining output.

If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded.  

Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins.  People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred.

People will probably flame me for saying this but whatever.  I am contributing by buying and hodling.

Its still a new market, it will have these growing pains but I see the world waking up quickly on this, which will impart bring instability during price swings but , none the less this is exciting innovation we're seeing and experiencing

Yes but we need some progress on all this innovation. It's all vapourware apart from a few ATMs and POS systems. There is no functional colour coin system, the p2p exchanges *may* work for crypto but are horribly flawed at the fiat end, 99% of alt coins are bullshit etc.

[hyphymikey]

As much as guys like loaded think they move the markets, all they can hope for is a temporary price movement.  These so-called whales are merely plankton in this ecosystem.

Yeah, the last dump he warned us of did not happen.

And I shorted my coins margin trading due to his words, now I own 0 BTC.

Lol.

Shit ain't funny bro...