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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26371783 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
TooDumbForBitcoin
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March 17, 2014, 03:37:22 PM

Quote
http://money.cnn.com/2014/03/17/smallbusiness/bitcoin-bitpay/


Do you guys hear that?  It is faint..... very faint... something in the distance...  but it sounds like its getting closer

I hear it ... it's like a buzzing noise.
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Threebits
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March 17, 2014, 03:38:05 PM

http://money.cnn.com/2014/03/17/smallbusiness/bitcoin-bitpay/


Do you guys hear that?  It is faint..... very faint... something in the distance...  but it sounds like its getting closer

Indeed, being a merchant, they could not help accepting btc, so as to push sales.

Where do payment processors like bitpay dump their bitcoins? On an exchange, or they themselves are exchange platforms?

Sorry for above wrong typing.

Indeed, being a merchant, they could not help accepting btc, so as to push sales.

Where do payment processors like bitpay dump their bitcoins? On an exchange, or they themselves are exchange platforms?
N12
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March 17, 2014, 03:40:20 PM

dreamspark
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March 17, 2014, 03:45:50 PM

Lots of backwards and forwards tipping with Doge though and for no reason at all. Would be more interesting to see the results of tip days destroyed sort of thing if that was possible. Still fair play to them for generously passing around the same few million Doges  Grin
lemonte
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March 17, 2014, 03:52:09 PM

http://money.cnn.com/2014/03/17/smallbusiness/bitcoin-bitpay/


Do you guys hear that?  It is faint..... very faint... something in the distance...  but it sounds like its getting closer

*choo choo*



False alarm! The sound is bees.. Run!!
Threebits
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March 17, 2014, 03:58:37 PM

Interesting, average tip btc $6.95,  doge $ 0.26. Is it too big for btc tipping and too little for doge tipping? How much is a normal tip in USD?
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March 17, 2014, 04:01:10 PM

http://money.cnn.com/2014/03/17/smallbusiness/bitcoin-bitpay/


Do you guys hear that?  It is faint..... very faint... something in the distance...  but it sounds like its getting closer

*choo choo*

Bitpay allows unhoarding of coins, ALL coins being sold on stamp and this is bearish for btc price.
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March 17, 2014, 04:02:04 PM



Wow. Such tipping. Very impress!
ChartBuddy
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March 17, 2014, 04:02:11 PM


Explanation
jl2012
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March 17, 2014, 04:02:20 PM

It's just like in Bitcoin's early days, when people could tip 10BTC for an interesting post here


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this statement is false


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March 17, 2014, 04:06:17 PM

any news that caused this small dip?

your assumptions are showing Tongue
Richy_T
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March 17, 2014, 04:22:10 PM

Interesting, average tip btc $6.95,  doge $ 0.26. Is it too big for btc tipping and too little for doge tipping? How much is a normal tip in USD?

Compare exchange rate from beginning of 2013 to end of 2013.
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March 17, 2014, 04:22:57 PM

We need a bitcoin stability index. Maybe to compare against other currencies.
flynn
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March 17, 2014, 04:23:31 PM

http://money.cnn.com/2014/03/17/smallbusiness/bitcoin-bitpay/


Do you guys hear that?  It is faint..... very faint... something in the distance...  but it sounds like its getting closer

*choo choo*



False alarm! The sound is bees.. Run!!

Come on Honey, let's go to bread !
Richy_T
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March 17, 2014, 04:28:07 PM

We need a bitcoin stability index. Maybe to compare against other currencies.

(High-Low)/average price? This could be for 24 hrs, week, month year with maybe a weighted mean overall index?
keithers
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March 17, 2014, 04:29:03 PM

Stamp needs to go back home to $666...bitcoin is acting like it is too good for its own home lately...lol
JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"


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March 17, 2014, 04:47:13 PM

I think we will see 560 in the next 24 hours. if this is the sale of stolen coins, we could see lower. his is a natural 3 wave decline, and should pass wave A extreme (590)
The 24h volume on bitstamp is still only 4705btc. If stolen coins were actually being sold, then you would start to see 6 digit volume numbers. Keep in mind also that over 3600 coins are mined per day. This obviously isn't stolen coins.  This is a different problem. It's called "nobody is buying".

I agree and I think it likely that many stolen coins were sold long ago, and kept prices depressed.

There are macroeconomic factors in play also. Relatively less money printing by the central bank, uncertainty on the Ukraine situation, lower wealth effect due to stock market pullback, etc.

I dont honestly think that stolen coins are being sold now. But why not, the volume has to start somewhere, and the night is young. The only reason why I bring it up is because if the stolen coins are sold on BTCe for examlple, the price could fall well below trend line resistance.


If I had stolen coins that I wanted to rid and make good cash out of them, (what a hypothetical?), I would continuously be selling at whatever rate the market could bear.  And, low volume would mean probably only being able to sell at 10 to 20 BTC at a time.  or maybe even breaking up into smaller amounts.  One of the problems is thereafter converting to fiat, so it would be better to find items to buy in the market, like Teslas, even though that would likely draw too much attention... since there are NOT too many big ticket items to buy, and likely any big ticket items will receive some scrutiny.. since BTC is such a novelty.. So really, I would NOT know what to do.






solarflare
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March 17, 2014, 04:50:19 PM

Could we make the polls a little bit more serious ?
That is, leave "yes", "no" and "idk" but remove the moronic all caps options ?
JayJuanGee
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March 17, 2014, 04:52:55 PM

Calling 520 within 48hrs. Then down to 380, then we're done with the bubble and can resume moon mission.

PS. Please don't take this as advice, I no longer trade BTC, I just enjoy charting it Smiley

With these predictions, it is good that you no longer trade BTC  Grin Grin


YEAH... s/he (mellowyellow) ran out of BTC from engaging in stupid-ass trades....   like the one just predicted.  The prediction is possible, yet highly unlikely and based on zero backup in the real world.
JayJuanGee
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March 17, 2014, 05:00:44 PM

ask wall dissapeared... we'll see if it will be dumped or what

either way, some one guy holding that many btc on bitstamp... with no buying going on right now no thanks for additional buying on my side. I'm hodling + waiting for a better price with my fiat, even if it takes months.

I must have been sleeping during this part.   HOW big of a wall was it?  How many BTC?  10,000?  or 5,000?  NOT a bad time to be in BTC... in my thinking.... even though it is possible that we will see a little more downward movement... if we get in the lower $600s, I may buy a little more...
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