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

[spooderman]

<--- buying all the way down.

lesson? always have some fiat

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[tarmi]

what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.

11 million as Satoshi is in for the long haul.

Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.

depressing? is that the right word?

if you are not willing to pay the market price and dumping coins on the market to bid lower...well, then the current market price is not right.

let us see then how much are they willing to pay.

I say 500.

[mmitech]

what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.

11 million as Satoshi is in for the long haul.

Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.

this would be a stupid move, you dump coins to bring the price down because of the possibility of wining the auction and buying low !!!! remember it is an auction, and you are not the only one bidding so wining is a only a possibility...well I sure wouldn't do that.

[atp1916]

I'll stick my neck out and say we're probably at or very near the bottom of this sell-off. 

Without China and co. in there, it's safe to say that dumps just don't have the force they use to have.  

[JayJuanGee]

I think the price of those coins on auction will be above market price... Biders will pump the price for sure! Where can you get 30k with one order without moving the market for +1000$??

It's actually blocks of 3k coins and one of 2.7 or 2.9k.

Would have to be the 10 highest bids in order to win all of the coins, and I suspect the highest bid could be up to 30% above market rate on that day.... it's gonna be an interesting day concerning whether we hear bid amount rumors through the day.. or whether there will be edge of the seat tension... awaiting word of the results.... like a potential dad waiting outside of the labor and delivery room... waiting to find out whether he will be a dad... and if so, the dad of what...    

[magicmexican]

If someone would market buy 30k btc now, how much would it pump the price?

[mmitech]

If someone would market buy 30k btc now, how much would it pump the price?

no one buys 30K BTC from public exchanges, in fact you can (if you want to) buy sums of more than 1000BTC off exchanges like from miners, bag holders, payment processors, or big merchants holding BTC like Bitmaintech.

[ChartBuddy]

Explanation

[upupup]

what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.

11 million as Satoshi is in for the long haul.

Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.

depressing? is that the right word?

if you are not willing to pay the market price and dumping coins on the market to bid lower...well, then the current market price is not right.

let us see then how much are they willing to pay.

I say 500.

I say its the most stupid forecast and explanation I ever heard.

[Cassius]

what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.

11 million as Satoshi is in for the long haul.

Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.

depressing? is that the right word?

if you are not willing to pay the market price and dumping coins on the market to bid lower...well, then the current market price is not right.

let us see then how much are they willing to pay.

I say 500.

I say its the most stupid forecast and explanation I ever heard.

That's because you're new here. It gets a lot more stupid.

[Pruden]

monkey says up now.

Try these glasses, you're obviously making monkey lose his temper by staring at him.

[tarmi]

what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.

11 million as Satoshi is in for the long haul.

Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.

depressing? is that the right word?

if you are not willing to pay the market price and dumping coins on the market to bid lower...well, then the current market price is not right.

let us see then how much are they willing to pay.

I say 500.

I say its the most stupid forecast and explanation I ever heard.

well, it is even more stupid to think that someone is dumping coins to depress the "reference" price.

[Dragonkiller]

what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.

11 million as Satoshi is in for the long haul.

Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.

depressing? is that the right word?

if you are not willing to pay the market price and dumping coins on the market to bid lower...well, then the current market price is not right.

let us see then how much are they willing to pay.

I say 500.

I say its the most stupid forecast and explanation I ever heard.

well, it is even more stupid to think that someone is dumping coins to depress the "reference" price.

What is stupid about dumping coins to depress the reference point? There is nothing stupid about that.

[ShroomsKit]

This major fear for a tiny auction must be the dumbest thing i've seen in the Bitcoin market so far. Unbelievable.
Something like Expedia accepting Bitcoin is 100 times as big and important and nobody gives a shit.
8 days of coins being sold and it controls the whole market and actually makes it go down before even something happened.

I don't think silkroad coins has much to do wit this and big companies adding Bitcoin as a payment method at this point is really bad for price stability, regardless of Bitcoin being on news more than ever, the user adoption is dropping really fast, if only these companies held the coins it would be as if we got new users with every purchase.

what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.

Ok, just coincidence that we're going down more and more every day we get closer to the the most talked about and feared event of the last few months.

[Dragonkiller]

This major fear for a tiny auction must be the dumbest thing i've seen in the Bitcoin market so far. Unbelievable.
Something like Expedia accepting Bitcoin is 100 times as big and important and nobody gives a shit.
8 days of coins being sold and it controls the whole market and actually makes it go down before even something happened.

I don't think silkroad coins has much to do wit this and big companies adding Bitcoin as a payment method at this point is really bad for price stability, regardless of Bitcoin being on news more than ever, the user adoption is dropping really fast, if only these companies held the coins it would be as if we got new users with every purchase.

what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.

Ok, just coincidence that we're going down more and more every day we get closer that the most talked about and feared even of the last few months.

Why do you assume that if anyone ever sells they must be a panicking sheep full of fear?

[ShroomsKit]

This major fear for a tiny auction must be the dumbest thing i've seen in the Bitcoin market so far. Unbelievable.
Something like Expedia accepting Bitcoin is 100 times as big and important and nobody gives a shit.
8 days of coins being sold and it controls the whole market and actually makes it go down before even something happened.

I don't think silkroad coins has much to do wit this and big companies adding Bitcoin as a payment method at this point is really bad for price stability, regardless of Bitcoin being on news more than ever, the user adoption is dropping really fast, if only these companies held the coins it would be as if we got new users with every purchase.

what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.

Ok, just coincidence that we're going down more and more every day we get closer that the most talked about and feared even of the last few months.

Why do you assume that if anyone ever sells they must be a panicking sheep full of fear?

I don't. It's usually the smart traders triggering it and the sheep following it.

[wachtwoord]

This major fear for a tiny auction must be the dumbest thing i've seen in the Bitcoin market so far. Unbelievable.
Something like Expedia accepting Bitcoin is 100 times as big and important and nobody gives a shit.
8 days of coins being sold and it controls the whole market and actually makes it go down before even something happened.

I'm not really sure it's the dumbest. We've seen some dumb shit happen here

[Bagatell]

Why do you assume that if anyone ever sells they must be a panicking sheep full of fear?

It takes one to know one?

[tarmi]

what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.

11 million as Satoshi is in for the long haul.

Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.

depressing? is that the right word?

if you are not willing to pay the market price and dumping coins on the market to bid lower...well, then the current market price is not right.

let us see then how much are they willing to pay.

I say 500.

I say its the most stupid forecast and explanation I ever heard.

well, it is even more stupid to think that someone is dumping coins to depress the "reference" price.

What is stupid about dumping coins to depress the reference point? There is nothing stupid about that.

you can manipulate the "reference" price, but how do you manipulate sealed bids?

what happens if you win the auction with 400 $ bid, or if there is not enough interest to buy the coins at all?

[atp1916]

what is happening now is a rally between holders to sell without causing any panic, the book order is really thin with few thousands BTC at the Bid side while there is more than 12 million coins out there, do the math.

11 million as Satoshi is in for the long haul.

Auction is only two days away, so it is quite feasible that coins are being dumped to depress the market "reference" price ahead of bidding.

depressing? is that the right word?

if you are not willing to pay the market price and dumping coins on the market to bid lower...well, then the current market price is not right.

let us see then how much are they willing to pay.

I say 500.

I say its the most stupid forecast and explanation I ever heard.

well, it is even more stupid to think that someone is dumping coins to depress the "reference" price.

What is stupid about dumping coins to depress the reference point? There is nothing stupid about that.

you can manipulate the "reference" price, but how do you manipulate sealed bids?

what happens if you win the auction with 400 $ bid, or if there is not enough interest to buy the coins at all?

There will be more than enough motivation on the part of institutional investors like Barry n co to keep the btc out of the hands of dumpers who want to crash the market.