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

[Blue]

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[zby]

Have you guys noticed how rallies precede good news - not the other way around?

[shmadz]

based on a potential fractal I noticed.

please tell me this fractal is from 2012  



seriously, just add a couple zero's onto those prices and boom! it's like time travel! 

[Parazyd]

What are you talking about? We're not dropping lower then 600

I think we could see consolidation here around 610-650 for the whole fucking month

Let it be known!

Probably won't happen as you think... Although, wouldn't be bad.

[podyx]

Yea, actually I just took a second look at the charts and I think a retracement to 560-580 is still very possible

No smooth sailing yet unfortunately, just have to wait a little bit longer
got a few stacks coming in though so won't feel too bad

[ChartBuddy]

Explanation

[Parazyd]

Wall Steet welcomes bitcoin in 2014: Secondmarket CEO

http://www.cnbc.com/id/101750918

[pepo]

Bitcoin gone mainstream , relax and enjoy the ride

[ChrisML]

Bitcoin gone mainstream , relax and enjoy the ride

Exactly.

Going down $17,-. I dont really care anymore. Will we go under $600? Fuck no.

It's up from this point on. Enjoy yáll

[keithers]

Stamp is currently the lowest priced out of BTC-E and Huobi.  That doesn't happen all that often.  Up until very recently Stamp has been the highest most of the time...

[Parazyd]

Stamp is currently the lowest priced out of BTC-E and Huobi.  That doesn't happen all that often.  Up until very recently Stamp has been the highest most of the time...

Bitstamp is Bitstamp again Remeber how it was when MtGox was around? The same as it is now.

[falllling]

Bitcoin gone mainstream , relax and enjoy the ride

i would say, enjoy the price dropping plus money losing and maybe a full market crushing to $5xx and $4xx very soon!
thanks for the mtgox 800k + 200k lost coins and the China ban, there will be no more $1000 crazy buy, face the reality, $6xx is already the top bubble, time to calm down

[Searing]

What will happen if gox liguidators just dump all the coin on the market at once (could happen it is a gov't)

would there be enough demand (ie cheap coin) or would it be like throwing an anchor in a rowboat...ie way down till demand for coin catches up

thoughts?

(again these are japanese bureaucrats...they could just keep their job safe and dump it all on the market ...quick/fast/dirty like a regular

gov't auction

Searing

[falllling]

Bitcoin gone mainstream , relax and enjoy the ride

Exactly.

Going down $17,-. I dont really care anymore. Will we go under $600? Fuck no.

It's up from this point on. Enjoy yáll

you are still dreaming

[ChartBuddy]

Explanation

[JayJuanGee]

Bitcoin gone mainstream , relax and enjoy the ride

i would say, enjoy the price dropping plus money losing and maybe a full market crushing to $5xx and $4xx very soon!
thanks for the mtgox 800k + 200k lost coins and the China ban, there will be no more $1000 crazy buy, face the reality, $6xx is already the top bubble, time to calm down

I like that expression, but it needs some emphasis!!!!


Time to calm the FUCK down!!!!!!!!    


Is it working?  Are you guys calm yet?

[JorgeStolfi]

What will happen if gox liguidators just dump all the coin on the market at once (could happen it is a gov't)
[ ... ]
(again these are japanese bureaucrats...they could just keep their job safe and dump it all on the market ...quick/fast/dirty like a regular gov't auction

A public auction is the normal way to liquidate the assets of a failed company.  Any other method (such as selling them in the open market, or to a private buyer) would expose the liquidator to charges of favoritism, incompetent trading, etc..  That also holds for the coins that the FBI seized from SilkRoad.

The FBI will use their government auction staff, but the MtGOX liquidator will probably hire some private auctioning firm.  Presumably they will divide the coins into a couple dozen lots, each auctioned separately, in order to attract more buyers.  Other than that, I don't expect them to worry much about getting the best possible price.

The people who will buy those coins at the auction will then dispose of them according to their interest. 

By the way, I suppose that the prices off-market for "bulk" trades are not much different from the open market price.  If the off-market price was much lower, there would be people buying bitcoins in bulk off-market to sell them little by little on the open market.
Conversely, if the off-market price was much higher.   Is this correct?

[Parazyd]

I pity the fools who think $600 is max we'll ever be again.

[kehtolo]

I pity the fools who think $600 is max we'll ever be again.

I ignore these fools..

[ChartBuddy]

Explanation