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

[gizmoh]

I was considering this excellent point earlier today. But since this guy actually posted it, I will give him the credit for the realization:

http://www.reddit.com/r/Bitcoin/comments/297o76/regarding_the_auction_remember_this_every_losing/

Like every losing bidder who tried his luck for a sweet deal at $200-$400 a pop will now suddenly want to jump in at $600.. 
 

[Erdogan]

A friend of mine, whom I told many months ago about BTC, said she was praying and God told her, and it appears with a feeling of urgancy, to invest in Bitcoin.    Now that is bullish news!    

Perhaps God intends to teach your friend a lesson about greed. 

Perhaps it was really Satan.

Yep in these questions, you should rely on lucifer - the bringer of light.

[JayJuanGee]

I was considering this excellent point earlier today. But since this guy actually posted it, I will give him the credit for the realization:

http://www.reddit.com/r/Bitcoin/comments/297o76/regarding_the_auction_remember_this_every_losing/

That very point has been discussed a few times within this thread in the past week or so.. the point being that the losing participants in the auction are likely to still be interested in coin.... and they will have money to purchase bitcoin at that point or soon thereafter.  Even I posted something about that following another post.

I mean such a description of the reality of the circumstances also goes with the general reasonable presumption that entities that go through the trouble of participating in this auction and taking $200K out of circulation (to deposit with the USMS) actually have an intention to attempt to win some of the lots of BTC that they are bidding upon... 

Few of these bidders are probably so daft, as many bear contributors to this thread seem to think, to really believe that they would be able to win many, if any, of the lots of BTC at or below market value on that day. 

I would anticipate that out of the 10 lots of BTC that three or fewer of those lots are going to go for equal to market price or less, and market price will be measured within the last couple hours of the auction, when most, if NOT all, of the bids are going to be submitted.  The bidders are likely going to wait until the end of the bidding period b/c they are going to base their bids specifically on the price action of BTC during the day and at the end of the auction time in order to calculate their bid amount in accordance with that then BTC market price.

[aminorex]

Clearly a lot of coins have been sold ahead of this auction - far more than the auction could ever bring to the market, and all into stronger hands.  They all have to be bought back -  and that buyback will be relatively insensitive to price. Moreover, the available supply will be much less because of those strong hands. This much should hold regardless of the wining bid.

[JayJuanGee]

Going to $1000 by July 4th.  Or Now

I believe.  A friend of mine, whom I told many months ago about BTC, said she was praying and God told her, and it appears with a feeling of urgancy, to invest in Bitcoin.    Now that is bullish news!    

Is that for real?

Also it would be nice to see 800 by end of June but not real at all.

Yes.  My friend called this morning.  I trust her too based on other things God has spoken to her.  It was weird that it was today, the day before the silk road coins are being auctioned.  She knew nothing about that.  I had to walk her through the entire process because she did not even know where to buy coins. I did caution her she might be in for a bumpy ride.  Bitcoin is not an ivestment for those that like a slow and steady ride.

This is getting unreal this spiritual premonition stuff.  I am all for positive attitude and hoping for price increases - next someone is going to suggest that their astrologist recommended bitcoin...  

And that might be the best advice anyone using astrology has ever given!

Ok... fine.. at least it is a real story about a real experience that you had.  I have NO doubt that you are NOT pulling our leg about something that actually happened to you.

Totally true.  If you read through my posts you can see I am not shy about my belief in God.  Which hasn't won me much popularity on this forum BTW. This friend I am talking about has been a major spiritual "mentor" in my life so I respect her greatly. But I tried to explain all the risks before she bought.  I guess that shows a little lack of faith on my part?  I think I just want her to have realistic expectations though.

Yeah, there are a lot of religious people, including a lot of my friends and family.  I proclaim NOT to be religious, yet I try to be accepting and sensitive to some religious ways of thinking.

Regarding bitcoin, we can also lead by example, somewhat, yet each of our investment situations are going to be different from our friends and acquaintances, and accordingly, they may need to figure out an appropriate amount of risk for themselves. 

Therefore, even if we are generally true believers or strong believers or very bullish on the long-term future of bitcoin, we would be doing somewhat of a disservice to people, if we were to NOT provide some of the negative or NOT describe some of the risk.    And, bitcoin remains fairly complicated to really understand - though I have attempted to put together an introduction e-mail to help out potential new investors (and I have e-mailed variations of such bitcoin information outlines to friends and relatives for their consideration for investing. 

Certainly, now seems to be a much better time to get into bitcoin (as compared with any time on or after December 2013), and so in recent weeks I have been promoting the idea a little more than I had been over the preceding about 6 months.

[windjc]

I was considering this excellent point earlier today. But since this guy actually posted it, I will give him the credit for the realization:

http://www.reddit.com/r/Bitcoin/comments/297o76/regarding_the_auction_remember_this_every_losing/

Like every losing bidder who tried his luck for a sweet deal at $200-$400 a pop will now suddenly want to jump in at $600.. 
 

I think you are a condescending butthole to assume that the names on that leaked list are dumbasses that want or expect coins to sell for $200. You are a freaking moron if you believe that. Those were heavy hitters that could buy and sell you a 100 times over. They don't waste their time "hoping" for a deal. And they don't bid on bitcoin unless they want it.

[kryptopojken]

Was that just a glitch in bitcoinwisdom?? Saw market sell of >3200 coins

EDIT: gone when I updated...sick

[ChartBuddy]

Explanation

[vleroybrown]

A friend of mine, whom I told many months ago about BTC, said she was praying and God told her, and it appears with a feeling of urgancy, to invest in Bitcoin.    Now that is bullish news!    

Perhaps God intends to teach your friend a lesson about greed. 

Perhaps it was really Satan.

Yep in these questions, you should rely on lucifer - the bringer of light.

Are we talking about dark coin here or bitcoin.  Much confused.  Very wow.  God fun
 

[TERA]

I think the price should really get moving over this.

[spooderman]

No Tera, we are going up because god.

[vleroybrown]

Going to $1000 by July 4th.  Or Now

That is a strange thing to try and explain
 Personally I have had several very successful trades based on dream premonitions
  Now if only that vivid ripple one would work out.
 Lol

I believe.  A friend of mine, whom I told many months ago about BTC, said she was praying and God told her, and it appears with a feeling of urgancy, to invest in Bitcoin.    Now that is bullish news!    

Is that for real?

Also it would be nice to see 800 by end of June but not real at all.

Yes.  My friend called this morning.  I trust her too based on other things God has spoken to her.  It was weird that it was today, the day before the silk road coins are being auctioned.  She knew nothing about that.  I had to walk her through the entire process because she did not even know where to buy coins. I did caution her she might be in for a bumpy ride.  Bitcoin is not an ivestment for those that like a slow and steady ride.

This is getting unreal this spiritual premonition stuff.  I am all for positive attitude and hoping for price increases - next someone is going to suggest that their astrologist recommended bitcoin...  

And that might be the best advice anyone using astrology has ever given!

Ok... fine.. at least it is a real story about a real experience that you had.  I have NO doubt that you are NOT pulling our leg about something that actually happened to you.

Totally true.  If you read through my posts you can see I am not shy about my belief in God.  Which hasn't won me much popularity on this forum BTW. This friend I am talking about has been a major spiritual "mentor" in my life so I respect her greatly. But I tried to explain all the risks before she bought.  I guess that shows a little lack of faith on my part?  I think I just want her to have realistic expectations though.

[windjc]

I think the price should really get moving over this.

LOL, I'm really not trolling you, but you are the girl who got bitcoin advice from her psychic and then started a thread about it.

Just saying...

God>Psychic>Bag of Chips

[sidhujag]

there isa financial astrologer I follow hes gotten alot of shit right
but he was wrong about bitcoin.. said has no future.. well he also says dow to 32k soon lol

[windjc]

there isa financial astrologer I follow hes gotten alot of shit right
but he was wrong about bitcoin.. said has no future.. well he also says dow to 32k soon lol

Still

God>Astrologer>Psychic>Bag of chips

[Tzupy]

It's the 27th, I voted 575$ and so far 65% have been wrong.

[ChartBuddy]

Explanation

[ibankbitcoins]

Update:
Bullish trendline being tested now! Make or break now.
http://ibankbitcoins.com/sites/default/files/users/user1/2014-06-27_0111.png

[JayJuanGee]

It's the 27th, I voted 575$ and so far 65% have been wrong.

This is the weird thing about the poll.  Initially, I was thinking that the auction was on 6/26, so to predict the price on 6/27 would be more meaningful.


However, since the auction is on 6/27, we could get a bit of screwing up of highs and lows, and in other words, many people may end up being right, depending upon what time of the day.

I am getting a sense (maybe from chips, or from astrology or god) that there is going to remain some continued downward pressures on BTC prices until about 3 hours before the end of the auction time.. and possibly a little longer than that.  Yet, at the same time, I am NOT sure about whether there will be an ability to contain the prices downward.  So let's say downward will be between $550 and $580. 

If there are some kinds of leaks about the bids being at or above then BTC price, this may cause BTC prices to clime beyond $580 and into the low $600s.

Once the auction is clearly over, it seems inevitable that we are going to hear additional leaks about what the bids were, and those bids are likely going to have been in the $600s and possibly in the upper $600s and maybe even into the $700s.  This leaked news (whether rumor or NOT) will likely cause BTC prices to be pushed up into the mid-$600s.  then over the weekend, we could likely continue to get upward movement and then prices into the $700s or even $800s, as was mentioned by several posters earlier.

I really have my doubts about shooting to a new all time high before late August, but who the hell really knows, and if there gets to be too many whales wanting to get in, then HODLers are NOT going to want to sell until the upsurge in prices has run its course - accordingly, we are likely going to get some floating between $700s and $850s prior to the upsurge that will go above and beyond the old ATH - and likely in the $2k to $3k territory in either late 2014 or early 2015 - and some are predicting $4-6K territory, which seems a bit too optimistic for me... even though I would NOT mind seeing such an upsurge in prices within that same time line. 

I really doubt that prices would go to $10k before mid 2015, but seems plausible in the late 2015 time frame.. but then if we are talking another late 2015 bubble, then such a bubble could possibly go beyond $10k.  There will NOT be another halving of the BTC mining until late 2016, which will likely cause some additional upsurge in BTC prices (so long as BTC is still around by then). 

[ShroomsKit]

Going to $1000 by July 4th.  Or Now

I believe.  A friend of mine, whom I told many months ago about BTC, said she was praying and God told her, and it appears with a feeling of urgancy, to invest in Bitcoin.    Now that is bullish news!   

If you are a good friend you should take her to a doctor. She sounds very mentally ill.