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

[tarmi]

go to sleep!

[ChartBuddy]

Explanation

[RUEHL]

Government sanctioning Bitcoin through Auction (Bloomberg Video)

http://www.bloomberg.com/video/is-the-government-sanctioning-bitcoin-with-auction-fHjpuE_uQcqc9K88fQaR6g.html

[Kupsi]

Objectively, what are our chances of going lower?  I can throw in some fiat and buy some coins, but this is probably the last time I will be buying for 6 months or a year.  Ignoring the trolls, is there a legitimate chance of hitting $500?

DO NOT take any advice from anybody here! Don't ever ask other people here what to do with your money! I know you see all these lines and charts and mainly bears who act like they know it all but i can guarantee you that not a single person here knows where Bitcoin will go. Every bear here will tell you we 100% sure will see 500 again. That's because they're sad little creatures who do nothing but lie and manipulate because they want the price to go down.
The bulls obviously want the price to go up but will be a bit more modest and say we likely won't see 500 again. Either way any info you'll get is coloured and worthless.
The fact that you want to invest in Bitcoin means you believe it will be worth more in the future. If you do then you should buy. 500 or 560 is meaningless in the long run if this thing takes off. If you don't think it will take off then don't. Waiting is kinda pointless because again nobody knows what it will do.

Yes, don't listen to that advice...

Edit: Or this one. Ehh...

[Krabby]

Objectively, what are our chances of going lower?  I can throw in some fiat and buy some coins, but this is probably the last time I will be buying for 6 months or a year.  Ignoring the trolls, is there a legitimate chance of hitting $500?

DO NOT take any advice from anybody here! Don't ever ask other people here what to do with your money! I know you see all these lines and charts and mainly bears who act like they know it all but i can guarantee you that not a single person here knows where Bitcoin will go. Every bear here will tell you we 100% sure will see 500 again. That's because they're sad little creatures who do nothing but lie and manipulate because they want the price to go down.
The bulls obviously want the price to go up but will be a bit more modest and say we likely won't see 500 again. Either way any info you'll get is coloured and worthless.
The fact that you want to invest in Bitcoin means you believe it will be worth more in the future. If you do then you should buy. 500 or 560 is meaningless in the long run if this thing takes off. If you don't think it will take off then don't. Waiting is kinda pointless because again nobody knows what it will do.

Yes, don't listen to that advice...

Listen to all advice given here, it's is 100% factual and we can all predict the future!

[bitcoinsrus]

Objectively, what are our chances of going lower?  I can throw in some fiat and buy some coins, but this is probably the last time I will be buying for 6 months or a year.  Ignoring the trolls, is there a legitimate chance of hitting $500?

DO NOT take any advice from anybody here! Don't ever ask other people here what to do with your money! I know you see all these lines and charts and mainly bears who act like they know it all but i can guarantee you that not a single person here knows where Bitcoin will go. Every bear here will tell you we 100% sure will see 500 again. That's because they're sad little creatures who do nothing but lie and manipulate because they want the price to go down.
The bulls obviously want the price to go up but will be a bit more modest and say we likely won't see 500 again. Either way any info you'll get is coloured and worthless.
The fact that you want to invest in Bitcoin means you believe it will be worth more in the future. If you do then you should buy. 500 or 560 is meaningless in the long run if this thing takes off. If you don't think it will take off then don't. Waiting is kinda pointless because again nobody knows what it will do.

Yes, don't listen to that advice...

Listen to all advice given here, it's is 100% factual and we can all predict the future!

[byronbb]

Aussie Bitcoin mining company going live on Australian stock exchange.

https://www.google.ca/finance?q=dcc+asx&ei=ET2eU4joFIesiALW14HIDw

[Wolf Rainer]

We are back in the game... I almost panic a lot of times.

[ChartBuddy]

Explanation

[JorgeStolfi]

Government sanctioning Bitcoin through Auction (Bloomberg Video)
http://www.bloomberg.com/video/is-the-government-sanctioning-bitcoin-with-auction-fHjpuE_uQcqc9K88fQaR6g.html

But: http://www.usmarshals.gov/assets/2014/bitcoins/

US Marshalls Service
FOR SALE 29,656.51306529 bitcoins
[ ... ]
ADDITIONAL INFORMATION:
* The USMS does not make any representations or warranties regarding Bitcoin.

[farnsworth7]

I would think that anyone who knows a little about how the U. S. Government works would have guessed quite accurately when and how the auction would take place.   They must dispose of any property that they seize according to the law.  They had neither  the choice nor the motivation to keep the coins, trade with them, or sell them in a private deal.

Couldn't they just "destroy" them, as they do for illegal stuff like drugs ? (send them to a random address and not store the private key)

The fact that they sell them instead of destroying them has a strong meaning.

[byronbb]

I would think that anyone who knows a little about how the U. S. Government works would have guessed quite accurately when and how the auction would take place.   They must dispose of any property that they seize according to the law.  They had neither  the choice nor the motivation to keep the coins, trade with them, or sell them in a private deal.

Couldn't they just "destroy" them, as they do for illegal stuff like drugs ? (send them to a random address and not store the private key)

The fact that they sell them instead of destroying them has a strong meaning.

Selling them is a no-brainer. The US government destroying $16m of a saleable asset would be pretty outrageous to a lot of people. <tinfoilhat>The drugs go to the CIA and they get the money back quietly.</tinfoilhat>

[BTCfan1]

595 wall gone

[GreekGeek]

https://twitter.com/CharlieShrem/status/478272388057300992

[JorgeStolfi]

Couldn't they just "destroy" [the SR bitcoins], as they do for illegal stuff like drugs ? (send them to a random address and not store the private key)
The fact that they sell them instead of destroying them has a strong meaning.

Bitcoins by themselves were never declared illegal, and by allowing trade etc the USG has already made that clear.  Moreover the IRS has already declared them property with value (hence taxable), so they could not destroy them -- they would be destroying valuable public property.

That is a point that people seem to miss: the philosophy behind govenment auctions.  Any seized property belongs, by right, to the US citizens as a whole; the government is supposed to be merely its custodian.  The sale of seized property exchanges it for dollars; these dollars then belong to the US citizens as a whole, and therefore are collected by the Treasury or other government branch, suposedly to be used for the public good. The government's motivation for exchanging property for dollars is that dollars are easier to manage and use rationally than random property.  The exchange has to be done by public auction to ensure that no citizen gets an undue advantage over other citizens.

[BBmodBB]

I would think that anyone who knows a little about how the U. S. Government works would have guessed quite accurately when and how the auction would take place.   They must dispose of any property that they seize according to the law.  They had neither  the choice nor the motivation to keep the coins, trade with them, or sell them in a private deal.

Couldn't they just "destroy" them, as they do for illegal stuff like drugs ? (send them to a random address and not store the private key)

The fact that they sell them instead of destroying them has a strong meaning.

^the guvnment destroying drugs? *thats news to me! LOL =)

[Miz4r]

Seems like my $555 buy turned out pretty well. Sold some at $666 and bought some at $555, Bitcoin does like those special numbers.

[BBmodBB]

https://twitter.com/CharlieShrem/status/478272388057300992

big$$$=thats wild!!! he must not be in that much trouble then aye?  

[Nightowlace]

I would think that anyone who knows a little about how the U. S. Government works would have guessed quite accurately when and how the auction would take place.   They must dispose of any property that they seize according to the law.  They had neither  the choice nor the motivation to keep the coins, trade with them, or sell them in a private deal.

Couldn't they just "destroy" them, as they do for illegal stuff like drugs ? (send them to a random address and not store the private key)

The fact that they sell them instead of destroying them has a strong meaning.

Selling them is a no-brainer. The US government destroying $16m of a saleable asset would be pretty outrageous to a lot of people. <tinfoilhat>The drugs go to the CIA and they get the money back quietly.</tinfoilhat>

No tinfoilhat needed. That's about as accurate as it gets.

[ChartBuddy]

Explanation