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

[magicmexican]

Geez bitcoinbuilder prices now below 0.3

Someone seems to know something

it was 0.19 by the start of the day, doesnt mean much

[billyjoeallen]

Ok, I pulled the trigger at Coinbase and got my coins back. I am now preparing to get even more new coins at even lower prices with the rest of you vultures. It's gonna jack my average buy-in price sky high, but I can't think of a more oversold asset to park in outside of Miley Cyrus' bedroom.

[JCviggen]

Geez bitcoinbuilder prices now below 0.3

Someone seems to know something

We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy.

[zyk]

Geez bitcoinbuilder prices now below 0.3

Someone seems to know something

they were at 0.18 this morning....yes of course everybody knows it, even the early whales at bitcoinfoundation told you that its time

to cash out, cause BTC is sucked dry still no amount of reality in front of your eyes can convince you that craptofuck was hijacked

by the sytem !  It is ! GTFO

[empowering]

Kinda off topic and old news but I'll just leave this here:

First step in raiding Europe's private savings

Yeah posted the rotters link here a few day back... quite a read... and bullish for crypto imo

[Kramerc]

Geez bitcoinbuilder prices now below 0.3

Someone seems to know something

We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy.

Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc.

[aminorex]

Kinda off topic and old news but I'll just leave this here:

First step in raiding Europe's private savings

I do wish people with worthy ideas would avoid using inside vernacular like "statist".  It reduces your audience by a factor of about 20 when you use that word in public.

[seleme]

Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :

[JCviggen]

Geez bitcoinbuilder prices now below 0.3

Someone seems to know something

We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy.

Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc.

I've bought quite a lot (for me) as a gamble.
Only snagged 2 of them at .19 but have bought some at .25 and some yesterday in the 30's but I've also traded back and forth a few times for quite a nice gain.

At this point I'm gambling but I like the odds. I think the price drop today can be explained by arbitrage kicking in. For several days you could double your money if you could get fiat into Gox and out through builder. There must've been a bunch of people with healthy stacks who wanted a piece of that action. Thousands of coins going out through builder is now bringing the price in line with the real rate (those who bought at 90~100$) can afford to dump at .18 or so and come out slightly ahead. Either way they probably wouldn't want to stay in Gox coins longer than they need to.

[aminorex]

287623 moved > 10k BTC.  Interesting....

[mmitech]

Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

[bassclef]

I bought pi goxcoins for 1/pi bitcoins each, just for fun.

I yearn for a complex wallet.

I bit and bought 6 Goxcoins for 1.5BTC. Let's hope that Tux really has some magical properties.

[seleme]

Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

Yeah, I know all exchanges are risk but it's a risk I have to make, otherwise I'd still have 8 BTC worth 5k$

[seleme]

we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

[EuroTrash]

287623 moved > 10k BTC.  Interesting....

Noted, thanks

[Kramerc]

Geez bitcoinbuilder prices now below 0.3

Someone seems to know something

We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy.

Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc.

I've bought quite a lot (for me) as a gamble.
Only snagged 2 of them at .19 but have bought some at .25 and some yesterday in the 30's but I've also traded back and forth a few times for quite a nice gain.

At this point I'm gambling but I like the odds. I think the price drop today can be explained by arbitrage kicking in. For several days you could double your money if you could get fiat into Gox and out through builder. There must've been a bunch of people with healthy stacks who wanted a piece of that action. Thousands of coins going out through builder is now bringing the price in line with the real rate (those who bought at 90~100$) can afford to dump at .18 or so and come out slightly ahead. Either way they probably wouldn't want to stay in Gox coins longer than they need to.

Nice, happy for you. I have just one question, my Gox account in not yet validated. Is it possible for me to receive Goxcoins now? And is it possible for me to withdraw goxcoins to bbuilder site?

[empowering]

That's a thoughtful analysis. The reason I doubt corpcoin will unseat Bitcoin is because so few companies are able to leverage their market position into other growth industries.  Microsoft had max leverage and gave us Office and XBox, but almost all of their other dozens of attempts fell flat. Google gives us Google Plus and almost as many other failed examples. MySpace didn't get creamed by Yahoo, but by another nimble startup, FB. There's danger in straying too far from your core competencies.  There are exceptions, of course. Who would have thought 20 years ago that Apple would be a phone company? Still, Apple and Facebook are the exceptions that prove the rule.

MS still rules the roost in operating systems and Bitcoin will likely do the same for Crypto. The differences are they are at vastly different stages in their life-cycle, but more importantly Bitcoin by virtue of being a distributed autonomous corporation is immune to rent-seeking behavior of it's management. 

I am inclined to agree with you as far as corpcoin and made a similar point myself earlier about the "ones that got away" for Google.

[TheKoziTwo]

Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

Yeah, I know all exchanges are risk but it's a risk I have to make, otherwise I'd still have 8 BTC worth 5k$

So you traded yourself up more than 10x your initial investment?

[chriswilmer]

we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

I haven't been looking to closely at the bitcoinbuilder thing... are people placing a lot of trust in the guy who built it?

[JCviggen]

we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

Good idea wasn't it. I need to start working on a jump to conclusions mat.

Don't think he made 1200 BTC though. Volume is 29500 give or take but that's Goxcoins. If we take the day's average it's probably 1/4th to 1/3rd BTC each. 2% of that is 147~197 BTC in fees. Not a bad day's work, obviously.