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

[kryptopojken]

looks like that btc address that contained 177k coins is on the move..

https://blockchain.info/address/1AZVcgGjb64XYzmAXwQyWCmvsZriQoiJw

I was wondering when the govt was going to start doing something  with those coins..

whoa does anyone have any more info on this?

[Dragonkiller]

looks like that btc address that contained 177k coins is on the move..

https://blockchain.info/address/1AZVcgGjb64XYzmAXwQyWCmvsZriQoiJw

I was wondering when the govt was going to start doing something  with those coins..

He split it up into a 2,000 BTC wallet and a 10,000 BTC wallet. And the rest in another.

[maok]

Anything thats missing from Bitcoin can be implemented if the community is in agreement.

Now that is a complete and categorical falsehood.

Right. I guess that multi-sig implementation is the best example of how something useful and on which we all agree could be implemented into Bitcoin. Categorical true.

[YogoH]

looks like that btc address that contained 177k coins is on the move..

https://blockchain.info/address/1AZVcgGjb64XYzmAXwQyWCmvsZriQoiJw

I was wondering when the govt was going to start doing something  with those coins..

Thats not Silkroads coins. https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH

Which coins are these?

[Kramerc]

Bitstamp's.

[YogoH]

Bitstamp's.

Oh, then why the worry?

[JayJuanGee]

The best growth is a stable 0.5-2.0% per month I would think. A huge climb will shun people as much as a huge dip.

about 26% yearly growth, then? So far it's been rather a lot higher than that.

Yes it is, as a startup we had huge growth. Helped bitcoin get known to the public. I think we've (allmost) come to the point where bitcoin needs to proof it can be a trustworhy currency and a valuable asset.

Sorry - but Bitcoin doesn't give a shit

And huge growth will bring more money to market.  Stability is a fair way off with such a relatively small market cap.

Yup. If we hit $5000 a coin tomorrow, it can't be bad in any way.

I think we will hit stability with 5-10k per btc ..as it wil mean we have found our place in teh IRL world

real money will pour in and remove teh ability of lone operators to fuck with us as they have in teh past

Currently 1 million or 200k leveraged can move the market ....this is totally insane compared to and DOW or Forex stock,currency

We need a 10x market cap to bring the stability that teh mainstream mercantile world needs & craves

Surely we are in agreement about the larger the market cap the better, and the more difficult to manipulate as the price per BTC goes up.

I was thinking that the price per btc would need to be in the 50k to 100k arena to achieve fairly decent stability.  That would be around a 750Billion to 1.5 trillion market cap.

A $10K per BTC would put the market cap around $150 billion, which just does NOT seem large enough to avert considerable price manipulations.

In other words, it seems that for some time BTC is going to have considerable price manipulations, but the price manipulations will become more difficult with a larger market cap. 

With the proliferation of the dollar and some evil players have really enormous reserves of dollars, and while these dollars are still the standard and acceptable.. very evil manipulation can occur b/c some of these very large and evil players have so many dollars that they do NOT give a flying fuck about the dollars that they have (meaning that they will spend a lot of those dollars.. b/c they have so large a surplus) so long as they can prevent others from accumulating wealth.

[kryptopojken]

Bitstamp's.

Then let's party, cuz Bitstamp is solvent!!

[bigasic]

Whew! Thats right, Dpr's wallet only has 144k coins, not 177k...

Arent there 2 govt wallets? one with the initial seize of about 20k coins and then DPRs personal wallet of 144k coins? I only know of the big one..

[Gingermod]

I believe today will be the final day of consolidation

[deadley]

I believe today will be the final day of consolidation

Its friday night and lets wait for big jump.

[aminorex]

Right. I guess that multi-sig implementation is the best example of how something useful and on which we all agree could be implemented into Bitcoin. Categorical true.

There is no community here except by extension.  Intensionally, that "community" is a bag of conflicting power nexii.  Everyone is there to fulfill their agenda.  For the most part that agenda involves some form of extortion.  You can meaningfully call the people allied to a single power nexus a community, but when the agendas are conflicting its hard two see how those nodes can be seen to be part of a single "community", which traditionally means people who have the common interests of a locale and live together in interactive cooperation, whether perforce or by choice.

Rather than say "anything that is missing" you could say "anything which a critical mass of the most advanced controllers of power constituencies find un-threatening and perhaps personally aggrandizing" can be added to Bitcoin.   In practice that is a very, very small universe of features.  It is a shrinking universe of features.  As market cap grows, and the existential threat to fiat systems starts to hit radar screens around the world, and the number of control points diminishes with increasing centralization, you can be sure that universe will shrink even more rapidly, and the reins that steer it will choose very different directions.

[fonzie]

Diamonds are a bears best friend!

[blatchcorn]

Hey Fonzie!  Can you let me know when China are going to ban bitcoin again so I can buy more?

[fonzie]

Hey Fonzie!  Can you let me know when China are going to ban bitcoin again so I can buy more?

Sorry only the inner circle will receive PM from me in advance!
Small Hint: Put your buy orders around 300$

[blatchcorn]

Hey Fonzie!  Can you let me know when China are going to ban bitcoin again so I can buy more?

Sorry only the inner circle will receive PM from me in advance!
Small Hint: Put your buy orders around 300$

Thank you for the very informative investment advice...

[ChartBuddy]

Explanation

[JayJuanGee]

Whatever the direction this takes, it's going to be brutal

I personally don't think is will take a direction for a few days. Can easily see this consolidating until next week. Although we have been getting weekend pumps recently.

One funny dynamic that i noticed is that frequently, when people begin to describe a pattern, then that pattern NO longer will take place.  It is like someone is relying on people expecting a pattern, and then manipulate to change the pattern...

Maybe that comment is too conspiratorial, but I have seen several proclamations of patterns... that do NOT always play out too well.

[Walsoraj]

Despite the upwards movement and general bullish sentiment, total bid sum on Stamp continues to stagnate around 11-12 million. http://coinorama.net/

Interesting... 

[YipYip]

The best growth is a stable 0.5-2.0% per month I would think. A huge climb will shun people as much as a huge dip.

about 26% yearly growth, then? So far it's been rather a lot higher than that.

Yes it is, as a startup we had huge growth. Helped bitcoin get known to the public. I think we've (allmost) come to the point where bitcoin needs to proof it can be a trustworhy currency and a valuable asset.

Sorry - but Bitcoin doesn't give a shit

And huge growth will bring more money to market.  Stability is a fair way off with such a relatively small market cap.

Yup. If we hit $5000 a coin tomorrow, it can't be bad in any way.

I think we will hit stability with 5-10k per btc ..as it wil mean we have found our place in teh IRL world

real money will pour in and remove teh ability of lone operators to fuck with us as they have in teh past

Currently 1 million or 200k leveraged can move the market ....this is totally insane compared to and DOW or Forex stock,currency

We need a 10x market cap to bring the stability that teh mainstream mercantile world needs & craves

Surely we are in agreement about the larger the market cap the better, and the more difficult to manipulate as the price per BTC goes up.

I was thinking that the price per btc would need to be in the 50k to 100k arena to achieve fairly decent stability.  That would be around a 750Billion to 1.5 trillion market cap.

A $10K per BTC would put the market cap around $150 billion, which just does NOT seem large enough to avert considerable price manipulations.

In other words, it seems that for some time BTC is going to have considerable price manipulations, but the price manipulations will become more difficult with a larger market cap. 

With the proliferation of the dollar and some evil players have really enormous reserves of dollars, and while these dollars are still the standard and acceptable.. very evil manipulation can occur b/c some of these very large and evil players have so many dollars that they do NOT give a flying fuck about the dollars that they have (meaning that they will spend a lot of those dollars.. b/c they have so large a surplus) so long as they can prevent others from accumulating wealth.

Agree totally with your analysis

but..currently we are the slave to asshats wiitha couple of mill liquidity who are and will move the market at their leasure

the fact taht these pplz are chinese only re-inforces the fact that currently the market woudl not move as fast as id does without them ..so its a doiuble edged sword that we need them and we need to get rid of them in the same breath ...

lets all look forward that 10 million will not be able to move our market like a 100k leveraged can at the moment ...