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

[ChartBuddy]

Explanation

[lemonte]

http://www.coindesk.com/bitpay-toshiba-partnership-bitcoin-6000-merchants/

so?

We are hearing a lot more about existing products integrating with Bitcoin, pretty exciting! All we need now is for a big company who use this type of technology to accept Bitcoin, discuss the benefits/ sales from BTC in the press and there'll be no stopping the rocket.

[zimmah]

It's Thursday, is this just the Bitcoin Investment Trust on its weekly shopping spree?

Yeah, this time they bought ~341 BTC.

Actually, I am not sure if it is bullish - they keep buying but the price stays the same. Think what would happen if they would stop buying - or start selling.

I wouldn't think too much about it... hehehe.

Why? They sort of have a "ticking bomb" design - you are only allowed to sell after holding for 6 months. So they may have many investor who bought high and want out, but they have to wait some time, until this 6 months will pass.

you know in 6 months time bitcoin usually is higher then it was 6 months ago. So even if someone bought in at $1200, 6 months after that the price would most likely be higher than that.

http://www.coindesk.com/bitpay-toshiba-partnership-bitcoin-6000-merchants/

so?

very bullish

[Bitcoin_is_here_to_stay]

It's Thursday, is this just the Bitcoin Investment Trust on its weekly shopping spree?

Yeah, this time they bought ~341 BTC.

Actually, I am not sure if it is bullish - they keep buying but the price stays the same. Think what would happen if they would stop buying - or start selling.

I have seen many claims that they buy off-market.

Yes, I also heard and think at least some of their buys are off-market. But it does not matter. They are buying from people who would otherwise sell at the exchanges, thus relieving selling pressure. Unless you believe Barry is able to convince people to sell him, even though they would never sell at the exchanges for the same price. I think it is more logical and simpler to look at the selling and buying pressure globally. Although of course sometimes it matters briefly in time, before arbitragers will have time to address it, what is supply and demand at particular exchange and at particular time. But typically, these are all connected vessel - unless Gox happens.

[Bitcoin_is_here_to_stay]

It's Thursday, is this just the Bitcoin Investment Trust on its weekly shopping spree?

Yeah, this time they bought ~341 BTC.

Actually, I am not sure if it is bullish - they keep buying but the price stays the same. Think what would happen if they would stop buying - or start selling.

I wouldn't think too much about it... hehehe.

Why? They sort of have a "ticking bomb" design - you are only allowed to sell after holding for 6 months. So they may have many investor who bought high and want out, but they have to wait some time, until this 6 months will pass.

you know in 6 months time bitcoin usually is higher then it was 6 months ago. So even if someone bought in at $1200, 6 months after that the price would most likely be higher than that.

Another believer in never-ending exponential growth of bitcoin?

Well, we are about 6 months from the @1200 peak in November 2013, so far the price is certainly not higher  

[JayJuanGee]

It's Thursday, is this just the Bitcoin Investment Trust on its weekly shopping spree?

Yeah, this time they bought ~341 BTC.

Actually, I am not sure if it is bullish - they keep buying but the price stays the same. Think what would happen if they would stop buying - or start selling.

I wouldn't think too much about it... hehehe.

Why? They sort of have a "ticking bomb" design - you are only allowed to sell after holding for 6 months. So they may have many investor who bought high and want out, but they have to wait some time, until this 6 months will pass.

You have been reading too many of Jorge's posts.       

What I mean is that the potential negative scenario that you are describing is NOT as highly likely as you are making it out to be.   

In this regard, if an investment fund is attempting to appeal to institutional investors or larger investors with a longer time horizon, the larger investors know the drill and they understand the terms of the agreement in that the investment is longer term (and NOT trading), and the investor understands the need to stick with the minimum time-period whether good or bad, and hopefully institutional investors and investment funds are sufficiently diversified in order to have varying performance of different assets that are contained within their portfolio.

I am of the belief that there are trade offs, and different kinds of investments appeal to different kinds of investors.  Even though  some kinds of investments may NOT be suitable for a day trader, institutional investors are usually long term... or at least longer term in their choices, and 6 months is NOT a burdensome commitment for an institutional investor.

[JayJuanGee]

http://www.coindesk.com/bitpay-toshiba-partnership-bitcoin-6000-merchants/

so?

We are hearing a lot more about existing products integrating with Bitcoin, pretty exciting! All we need now is for a big company who use this type of technology to accept Bitcoin, discuss the benefits/ sales from BTC in the press and there'll be no stopping the rocket.

I agree and additionally, it will be good when the big companies are providing opportunities for employees to receive all or part of their salaries in bitcoin and to be paying various venders in bitcoin.

[SheHadMANHands]

This bear market is 98% out of steam.   

[ChartBuddy]

Explanation

[shmadz]

CCMF!

where were you all this time ? you know it is CCMF when goat is back  

It's certainly starting to feel like the weather is changing, I got tired of waiting for the rest of my tranche to get eaten so I removed the bid at 333 and bought some at 470 CAD this morning...

Still hoping for one last crash to 400 before liftoff, but I'm afraid we might not get the chance.

[Blue]

Bullish!!!

3d Bollinger Bands pattern almost complete

LongTong or WanTan 2-digit Formation ?? that´s the question

[YipYip]

CCMF!

where were you all this time ? you know it is CCMF when goat is back  

It's certainly starting to feel like the weather is changing, I got tired of waiting for the rest of my tranche to get eaten so I removed the bid at 333 and bought some at 470 CAD this morning...

Still hoping for one last crash to 400 before liftoff, but I'm afraid we might not get the chance.

A lot of payment processors coming on board ....starting to feel like "WINTER" is over

Time for the bears to go back into hibernation

[TERA]

GOGOGOGOGOGO

[shmadz]

CCMF!

where were you all this time ? you know it is CCMF when goat is back  

It's certainly starting to feel like the weather is changing, I got tired of waiting for the rest of my tranche to get eaten so I removed the bid at 333 and bought some at 470 CAD this morning...

Still hoping for one last crash to 400 before liftoff, but I'm afraid we might not get the chance.

A lot of payment processors coming on board ....starting to feel like "WINTER" is over

Time for the bears to go back into hibernation

me too! once this puppy pops to the upside, I am hibernating my coins until we hit at least 2000.

[aminorex]

you know in 6 months time bitcoin usually is higher then it was 6 months ago.

Perhaps, but it was 20 months from june 2011 to february 2013.

[ChartBuddy]

Explanation

[shmadz]

you know in 6 months time bitcoin usually is higher then it was 6 months ago.

Perhaps, but it was 20 months from june 2011 to february 2013.

this is the forgotten period of bitcoin history.

I listen to a lot of the bitcoin podcasts and stuff, and when they interview someone, they often ask "when did you first learn about bitcoin?"

The vast majority of the answers are either 2011, or 2013.

You never hear anyone say "oh, I heard about bitcoin in 2012 and I was instantly hooked"  

(*note* the guys that were around from before 2011 are almost never asked this question)

[dnaleor]

Guys, I need your help.

I am writing an article about Bitcoin, but I am really confused about the situation in China.
What is the lastest information? I read the articles on coindesk, but it is still not clear for me.

How are deposits handeld? Does anyone actually know?

[keewee]

you know in 6 months time bitcoin usually is higher then it was 6 months ago.

Perhaps, but it was 20 months from june 2011 to february 2013.

this is the forgotten period of bitcoin history.

I listen to a lot of the bitcoin podcasts and stuff, and when they interview someone, they often ask "when did you first learn about bitcoin?"

The vast majority of the answers are either 2011, or 2013.

You never hear anyone say "oh, I heard about bitcoin in 2012 and I was instantly hooked"  

(*note* the guys that were around from before 2011 are almost never asked this question)

I did! I bought my first bitcoins just as pirateat40's pump and dump was taking off lol. What an introduction 

[hdbuck]

CCMF! again!

http://www.coindesk.com/bitpay-toshiba-partnership-bitcoin-6000-merchants/