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

[ChartBuddy]

Explanation

[adamstgBit]

[DannyElfman]

this 589 bag is getting heavy.

[adamstgBit]

this 589 bag is getting heavy.

suck it up and hodl, fellow bag holder.

[JorgeStolfi]

Isnt Thursday historically the best day for gains? Or is that just Second Market?

There is indeed a conjecture that SecondMarket's BIT fund buys much more on Thursdays than in other days (and, of course, only if they get more investments than liquidations in that week).  Uncharacteristically, they bought 300 BTC yesterday, May 28.

However, they are not big buyers.  They bought 5865 BTC on Apr/10, but since then they have bought~1000 BTC/week net.  In comparison, miners are producing ~28'000 BTC/week.

[spiderbrain]

DO NOT SEND ANYMORE BITCOINS TO STAMPS

What exchange do you use? I use stamp but I'm feeling like I want some more options right now.

[gentlemand]

DO NOT SEND ANYMORE BITCOINS TO STAMPS

What exchange do you use? I use stamp but I'm feeling like I want some more options right now.

I've used Kraken.com a couple of times and it went well. I think they're much keener on Euros than Dollars though.

[ChartBuddy]

Explanation

[YogoH]

Everyday bitcoin has a non-zero value is a good day for bitcoin.

[adamstgBit]

bag holders!

gather around fellow bag holders;

no selling no dropping the bag, no matter how low or how high, we hold every single bit inside those bags tightly and securely, that is bag holder law! and by bag holder law we will hold and grow our bags, and all will know that our bags are not for sale!

a new age has began
an age of virtual wallets filled with bits
but these wallets are not filled with our bits, oh no
we hold our bits... we hold our bits in a mother fucking BAG!

[cbeast]

bag holders!

gather around fellow bag holders;

no selling no dropping the bag, no matter how low or how high, we hold every single bit inside those bags tightly and securely, that is bag holder law! and by bag holder law we will hold and grow our bags, and all will know that our bags are not for sale!

a new age has began
an age of virtual wallets filled with bits
but these wallets are not filled with our bits, oh no
we hold our bits... we hold our bits in a mother fucking BAG!

we hold our bits... we hold our bits in a mother fucking BAG!

[ShameOnYou]

DO NOT SEND ANYMORE BITCOINS TO STAMPS

What exchange do you use? I use stamp but I'm feeling like I want some more options right now.

I've used Kraken.com a couple of times and it went well. I think they're much keener on Euros than Dollars though.

What is this about? Why wouldn't we send coins to Stamp? Are they having some sort of issues that customers should know about? I haven't heard anything yet.

[gentlemand]

[mmitech]

bag holders!

gather around fellow bag holders;

no selling no dropping the bag, no matter how low or how high, we hold every single bit inside those bags tightly and securely, that is bag holder law! and by bag holder law we will hold and grow our bags, and all will know that our bags are not for sale!

a new age has began
an age of virtual wallets filled with bits
but these wallets are not filled with our bits, oh no
we hold our bits... we hold our bits in a mother fucking BAG!

you make sure to hold to your bag forever, I am selling at some point (soon-ish)

[cbeast]

bag holders!

gather around fellow bag holders;

no selling no dropping the bag, no matter how low or how high, we hold every single bit inside those bags tightly and securely, that is bag holder law! and by bag holder law we will hold and grow our bags, and all will know that our bags are not for sale!

a new age has began
an age of virtual wallets filled with bits
but these wallets are not filled with our bits, oh no
we hold our bits... we hold our bits in a mother fucking BAG!

you make sure to hold to your bag forever, I am selling at some point (soon-ish)

No worries, someone will be smart enough to buy your bag from you.

[Krabby]

bag holders!

gather around fellow bag holders;

no selling no dropping the bag, no matter how low or how high, we hold every single bit inside those bags tightly and securely, that is bag holder law! and by bag holder law we will hold and grow our bags, and all will know that our bags are not for sale!

a new age has began
an age of virtual wallets filled with bits
but these wallets are not filled with our bits, oh no
we hold our bits... we hold our bits in a mother fucking BAG!

Your arms must be tired. I was unable to hold my grandmothers handbag for very long with all those shiny nickles in it.

[metstijl]

lmao

dude just got Stamped.

 

[spiderbrain]

What is this about? Why wouldn't we send coins to Stamp? Are they having some sort of issues that customers should know about? I haven't heard anything yet.

They are ramping up their AML/KYC activity, probably due to the recent US banking law changes. This isn't a problem for me because all my fiat/coins have a healthy audit trail, but I will go a long way to avoid bureaucracy when I can help it. Just because you're in the right doesn't mean you won't be tied up in red tape for ages.

[explorer]

DO NOT SEND ANYMORE BITCOINS TO STAMPS

What exchange do you use? I use stamp but I'm feeling like I want some more options right now.

I've used Kraken.com a couple of times and it went well. I think they're much keener on Euros than Dollars though.

What is this about? Why wouldn't we send coins to Stamp? Are they having some sort of issues that customers should know about? I haven't heard anything yet.

If they are even tampering with BTC withdrawal, then it sounds like a good place to avoid.  USD, sure, whatever.  But if you can't even withdraw your own bitcoins then that will be the end for them (I think the US gov't will outlast them in any contest).  New exchanges required!  Or better yet, new (or no) governments.  Greedy bastards.

[Peter R]

However, they are not big buyers.  They bought 5865 BTC on Apr/10, but since then they have bought~1000 BTC/week net.  In comparison, miners are producing ~28'000 BTC/week.

SecondMarket is buying up 1000 / 28,000 = 3.6% of the new bitcoin supply on a regular basis.  Without the word "not" your bolded statement above is equally valid (and equally biased): they are big buyers!