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

[MoreFun]

When does the auction finish??

I think on 30th June auction will be finish, and hope sideways movement too and will move upwards after that.

Auction finishes today 6pm EST

I know auction finish today and anonunce on monday but till bid will not anounce we can't say it is finish.

It is very likely that we will know some bids before monday.

[Torque]

When does the auction finish??

I think on 30th June auction will be finish, and hope sideways movement too and will move upwards after that.

Auction finishes today 6pm EST

I know auction finish today and anonunce on monday but till bid will not anounce we can't say it is finish.

Guys, what, WHAT WHAT WHAT do you think is going to be announced exactly on Monday?  Hmmm?

If you say, "what the selling price was", I'm going to reach through this computer screen and stab you in the jaw with a fork.

[tarmi]

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.

I am delirious to believe bidders will make low ball offers! Yes those buyers are patient enough not to buy on exchange at 500-600,  buying coins were always possible before that auction!  
You are most certainly long and probably leveraged, maybe in pain due to high swap cost and recent decline, thus your harsh attitude. A long squeeze is highly due  

You don't realize that 90% can be low ballers, we need only one guy to have high bids.  

and if the high bidder sucker doesnt show up, then what?  

than he loses his $200k deposit and the next highest bidder will get it.

so, let me get this straight. if you dont win the auction tender, your deposit is gone?

oh really?

[oda.krell]

EDIT: ... also agreed on the windjc weirdness. Don't know what happened, but I remember a few interesting discussions with you. Now it's down to antagonistic one-liners.

[...]

I posted a link to decent analysis by a trader on traderview who has been fairly consistent in his analysis. I didn't say he was bitcoin jesus, just that he has been right more  than wrong which is better than 95% of the people I read on here or on there.

Right away you attacked his credentials. AS IF any of us have fucking credentials.


[..]

Huh, I remember. Good point.

I sometimes think prolonged bear markets or even worse: stagnation periods, put everyone a bit on the edge, bulls and bears alike (except for the trolls of course. They live for that shit )

[p0peji]

When does the auction finish??

I think on 30th June auction will be finish, and hope sideways movement too and will move upwards after that.

Auction finishes today 6pm EST

I know auction finish today and anonunce on monday but till bid will not anounce we can't say it is finish.

Guys, what, WHAT WHAT WHAT do you think is going to be announced exactly on Monday?  Hmmm?

If you say, "what the selling price was", I'm going to reach through this computer screen and stab you in the jaw with a fork.

The selling price will be anounced monday.

[bizzel]

When does the auction finish??

I think on 30th June auction will be finish, and hope sideways movement too and will move upwards after that.

Auction finishes today 6pm EST

I know auction finish today and anonunce on monday but till bid will not anounce we can't say it is finish.

Guys, what, WHAT WHAT WHAT do you think is going to be announced exactly on Monday?  Hmmm?

If you say, "what the selling price was", I'm going to reach through this computer screen and stab you in the jaw with a fork.

what the selling price was

BRINT IT ONNNNN

[Torque]

When does the auction finish??

I think on 30th June auction will be finish, and hope sideways movement too and will move upwards after that.

Auction finishes today 6pm EST

I know auction finish today and anonunce on monday but till bid will not anounce we can't say it is finish.

Guys, what, WHAT WHAT WHAT do you think is going to be announced exactly on Monday?  Hmmm?

If you say, "what the selling price was", I'm going to reach through this computer screen and stab you in the jaw with a fork.

The selling price will be anounced monday.

Point me to the link where that has been officially said, please.

[ChartBuddy]

Explanation

[dreamspark]

I think it stands to reason that the price of at least some of the lots will be known even if there isnt an official announcement. Im sure someone who buys a lot will either already be in the bitcoin community or at least willing to speak to some sort of media.

[Dotto]

Green dildos everywhere 

[JimboToronto]

pull that 590 wall, lets go

590 wall? First wall I see is around 612.

[tarmi]

I think it stands to reason that the price of at least some of the lots will be known even if there isnt an official announcement. Im sure someone who buys a lot will either already be in the bitcoin community or at least willing to speak to some sort of media.

without official announcement he can always brag and troll in front of the community and cameras of getting super-cheap coins for only 666.

but paying 200 $ instead.

I know I would do that.

[Torque]

I think it stands to reason that the price of at least some of the lots will be known even if there isnt an official announcement. Im sure someone who buys a lot will either already be in the bitcoin community or at least willing to speak to some sort of media.

Supposition and ass talk

[JorgeStolfi]

THERE WILL BE NO ANNOUNCEMENT BY THE USMS ON MONDAY

THE WINNERS WILL BE TOLD PRIVATELY THAT THEY WON

THE LOSERS WILL BE TOLD PRVATELY ONLY THAT THEY LOST

ANYONE WILL BE FREE TO LIE ABOUT IT

READ THE DUCKING MANUAL I mean, the USMS announcement and FAQ, it could not be any clearer:
http://www.usmarshals.gov/assets/2014/bitcoins/
http://www.usmarshals.gov/assets/2014/bitcoins/faqs.pdf
Sorry for shouting. 

[Torque]

THERE WILL BE NO ANNOUNCEMENT BY THE USMS ON MONDAY

THE WINNERS WILL BE TOLD PRIVATELY THAT THEY WON

THE LOSERS WILL BE TOLD PRVATELY ONLY THAT THEY LOST

ANYONE WILL BE FREE TO LIE ABOUT IT

READ THE DUCKING MANUAL I mean, the USMS announcement and FAQ, it could not be any clearer:
http://www.usmarshals.gov/assets/2014/bitcoins/
http://www.usmarshals.gov/assets/2014/bitcoins/faqs.pdf
Sorry for shouting. 

THANK YOU FOR REITERATING THE TRUTH!!!!  THIS FORUM HAS GONE INSANE

[bizzel]

THERE WILL BE NO ANNOUNCEMENT BY THE USMS ON MONDAY

THE WINNERS WILL BE TOLD PRIVATELY THAT THEY WON

THE LOSERS WILL BE TOLD PRVATELY ONLY THAT THEY LOST

ANYONE WILL BE FREE TO LIE ABOUT IT

READ THE DFUCKING MANUAL I mean, the USMS announcement and FAQ, it could not be any clearer:
http://www.usmarshals.gov/assets/2014/bitcoins/
http://www.usmarshals.gov/assets/2014/bitcoins/faqs.pdf
Sorry for shouting. 

FTFY

YOU ARE WELCOME 

[JorgeStolfi]

very very few investors - even professional ones - are capable of behaving like Warren Buffett, and buy when others are selling and sell when others are buying. Most move with the herd and with conventional wisdom.

I undertsand that WB did not make his fortune just by buying high and selling low (!): he bought a failing company and managed it for many years until it got profitable again.

[MatTheCat]

I am hoping for a drop. I imagine that the price will soar within the year, but there is too much downside risk to jump in heavier around $580. Notably, I worry about Wall Street market manipulators intentionally tanking the market because they have derivative contracts referenced to Bitcoin. For example, in the lead up to the mortgage bubble, Goldman Sachs took out naked credit default swaps via AIG banking on a market collapse that they were responsible for. Notably, the payout of the naked credit default swaps was 10x the underlying dimunition of value in the mortgage market. This occurred because with this type of derivative, one needn't actually own the referenced security, commodity, currency, etc. that they are referencing the "insurance policy" to in order to receive a full payout. Moreover, they can contract for protection that is 100x the value of the underlying asset/currency/security/etc. Since these are unregulated contractual agreements there are no clearinghouses and nobody knows what negative positions people are taking. Resultantly, I think the intrinsic value of this innovation is multiple times its current value and, yet, it is way too easy to manipulate for me to want to get in at this price.

A couple other thoughts

(1) This is why a post-auction dump isn't unfathomable (albeit extremely, extremely unlikely)... an institutional player could use the acquired BTCs as a weapon to tank the market short-term in order to collect on a derivatives contract several orders of magnitude greater than their holdings;

(2) I think the argument for auctioneers buying at a premium is mildly flawed because, although they can buy without impacting the market, they cannot extract liquidity on that many BTCs without dropping the market unless they slow played it and in that case they'd still be holding a lot of risk. They probably will be expecting a jump in prices if they get in, but they'll still run into a similar problem if they look to unload down the line -- they'd have to be a true believer AND somewhat risk blind... they cannot actually utilize that many BTCs unless acceptance goes through the roof OR a major external economic event (Chinese mainland wealth migration). In short, I say it is mildly flawed because I think the reason for expecting a premium is spot-on, but I think it is outweighed by this second factor... I'd expect the auctioneers to buy at a 10% discount.

Full disclosure -- I own a very small holding of BTC (10), that I got at just over $400 a pop. I am holding for the long-term, but hoping for a short-term dump for another entry point. I am very biased in this regard. I missed the boat a while back on the best entry points so take what I say with a grain of salt. I am just curious what others think. I am short-term a mixture of anxious and giddy and long-term hopeful.

^^The only post worth reading in over 5 pages of utter fucking drivel.

Somehow I doubt that you will be suited to posting on this forum. Don't you have any Jpegs of trains or rockets that you could post?

[blatchcorn]

The bear trap is worse than I expected.  Feel sorry for everyone selling right now

I told you so.

I wonder how much money the bears just lost falling for this obvious bear trap

[dreamspark]

I think it stands to reason that the price of at least some of the lots will be known even if there isnt an official announcement. Im sure someone who buys a lot will either already be in the bitcoin community or at least willing to speak to some sort of media.

without official announcement he can always brag and troll in front of the community and cameras of getting super-cheap coins for only 666.

but paying 200 $ instead.

I know I would do that.

Yeah course, but its not like anyone would just take someones word for it without at least some proof. I dont care either way, who does? Its just interesting to know and I reckon something will filter through.