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

[Torque]

Stamp 1W MACD just flipped back to green.

[ShroomsKit]

good morning bitcoin!

Very good morning Adam. Let me pour some Baileys in your coffee.

It seems the bear trap has snapped shut and the silly little auction has passed without the sky falling down.

All that and it's a gorgeous day here in T.O.

Life is good.

Wait, what? Are you telling me it isn't the biggest event of the year? I'm very confused now. Looking at the market behaviour the last week it has to be. 
Don't tell me people now are like "what auction?" and move on to the next thing. That would be crazy.

[Torque]

good morning bitcoin!

Very good morning Adam. Let me pour some Baileys in your coffee.

It seems the bear trap has snapped shut and the silly little auction has passed without the sky falling down.

All that and it's a gorgeous day here in T.O.

Life is good.

Wait, what? Are you telling me it isn't the biggest event of the year? I'm very confused now. Looking at the market behaviour the last week it has to be.  
Don't tell me people now are like "what auction?" and move on to the next thing. That would be crazy.

10 second old news is old.  Gimme a new piece of FUD on the horizon!  We need a new (inconsequential) date out there for people to fret and worry about!  

C'mon China, where's a new ban deadline when you need one??

[JimboToronto]

good morning bitcoin!

Very good morning Adam. Let me pour some Baileys in your coffee.

It seems the bear trap has snapped shut and the silly little auction has passed without the sky falling down.

All that and it's a gorgeous day here in T.O.

Life is good.

Wait, what? Are you telling me it isn't the biggest event of the year? I'm very confused now. Looking at the market behaviour the last week it has to be. 
Don't tell me people now are like "what auction?" and move on to the next thing. That would be crazy.

LOL

Aren't bears hilarious?

[pjviitas]

I think that was our double bottom folks...too the moon!!!

[Miz4r]

This place has gone completely insane.
Everyone is completely obsessed with what price the coins went for as if it's the most important thing ever in the history if Bitcoin yet NOT ONE person here has been able to answer this:

Also i wonder you mention below or above market price. Is that the price the minute the auction closes?The price it was when the bids had to be in? The price on Stamp or somewhere else? Who decides what the market price actually is?

Could it be that noone really has a clue?

You idiots can't even tell what above or under the market is yet it's the only thing you talk about.
As i said before this place is at the same level as the Btce trollbox. Just as dumb.

The answer to your question is very simple: the market price is the price you can buy or sell bitcoins for on the market at a given time. In the case of the auction the given time would be the time someone actually places their final bid(s). Because once you decide to make a bid you look at the current price on the exchanges and then figure out where you are going to place your bid relative to that. You will probably also look at the direction the price is heading and your bid will be lower if you think it's going down short term and higher if you think it's going up. So $600 per coin would have been above market most of the time people could place their bids and $500 would be below market. Is this all really that hard to understand? Are you an idiot?

[_javi_]

are we rising with volume?? 

pics please 

[MatTheCat]

I think that was our double bottom folks...too the moon!!!

Go and learn about bearish divergence, then go and look at the 4hr charts for any of the big exchanges with the momentum indicator of your choice.

[ShroomsKit]

This place has gone completely insane.
Everyone is completely obsessed with what price the coins went for as if it's the most important thing ever in the history if Bitcoin yet NOT ONE person here has been able to answer this:

Also i wonder you mention below or above market price. Is that the price the minute the auction closes?The price it was when the bids had to be in? The price on Stamp or somewhere else? Who decides what the market price actually is?

Could it be that noone really has a clue?

You idiots can't even tell what above or under the market is yet it's the only thing you talk about.
As i said before this place is at the same level as the Btce trollbox. Just as dumb.

The answer to your question is very simple: the market price is the price you can buy or sell bitcoins for on the market at a given time. In the case of the auction the given time would be the time someone actually places their final bid(s). Because once you decide to make a bid you look at the current price on the exchanges and then figure out where you are going to place your bid relative to that. You will probably also look at the direction the price is heading and your bid will be lower if you think it's going down short term and higher if you think it's going up. So $600 per coin would have been above market most of the time people could place their bids and $500 would be below market. Is this all really that hard to understand? Are you an idiot?

Ah so the coins are either being sold for 500 or 600. I had no clue. I'm such an idiot.

I love the most of the time part btw. Hilarious.

[Torque]

The answer to your question is very simple: the market price is the price you can buy or sell bitcoins for on the market at a given time. In the case of the auction the given time would be the time someone actually places their final bid(s). Because once you decide to make a bid you look at the current price on the exchanges and then figure out where you are going to place your bid relative to that. You will probably also look at the direction the price is heading and your bid will be lower if you think it's going down short term and higher if you think it's going up. So $600 per coin would have been above market most of the time people could place their bids and $500 would be below market. Is this all really that hard to understand? Are you an idiot?

Ok, let's say someone bids $550 right now.  Are they below market or above market?  There is no CLOSE OF THE MARKET DAY in bitcoin like there is in stocks.  What if price falls to $520 by 5:59pm ET today?  Or shoots up to $630 by 1AM ET Saturday morning?  Then back down to $520 by Monday afternoon?

I think ShroomsKit's point is pretty clear, and your's isn't.  Who's the idiot now?

[Miz4r]

I think that was our double bottom folks...too the moon!!!

Go and learn about bearish divergence, then go and look at the 4hr charts for any of the big exchanges with the momentum indicator of your choice.

Where do you see a bearish divergence? I don't see one, at least not yet.

[ShroomsKit]

The answer to your question is very simple: the market price is the price you can buy or sell bitcoins for on the market at a given time. In the case of the auction the given time would be the time someone actually places their final bid(s). Because once you decide to make a bid you look at the current price on the exchanges and then figure out where you are going to place your bid relative to that. You will probably also look at the direction the price is heading and your bid will be lower if you think it's going down short term and higher if you think it's going up. So $600 per coin would have been above market most of the time people could place their bids and $500 would be below market. Is this all really that hard to understand? Are you an idiot?

Ok, let's say someone bids $550 right now.  Are they below market or above market?  There is no CLOSE OF THE MARKET DAY in bitcoin like there is in stocks.  What if price falls to $520 by 6:05pm ET today?  Or shoots up to $630 by 1AM ET Saturday morning?  Then back down to $520 by Monday afternoon?

I think ShroomsKit's point is pretty clear, and your's isn't.  Who's the idiot now?

It might be above or under the market price "most of the time".

So people can panic or buy because of it "most of the time".

[Miz4r]

The answer to your question is very simple: the market price is the price you can buy or sell bitcoins for on the market at a given time. In the case of the auction the given time would be the time someone actually places their final bid(s). Because once you decide to make a bid you look at the current price on the exchanges and then figure out where you are going to place your bid relative to that. You will probably also look at the direction the price is heading and your bid will be lower if you think it's going down short term and higher if you think it's going up. So $600 per coin would have been above market most of the time people could place their bids and $500 would be below market. Is this all really that hard to understand? Are you an idiot?

Ok, let's say someone bids $550 right now.  Are they below market or above market?  There is no CLOSE OF THE MARKET DAY in bitcoin like there is in stocks.  What if price falls to $520 by 6:05pm ET today?  Or shoots up to $630 by 1AM ET Saturday morning?

I think ShroomsKit's point is pretty clear, and your's isn't.  Who's the idiot now?

You are the idiot clearly. I'm not sure if bids are still open for the auction but if someone would bid $550 right now yes it would be considered below market. If you still don't understand whatever man, I will let you idiots continue this fruitless discussion.

[seljo]

Ok I need to buy a new car I want to buy a large MPV and I need BTC to go to 6666$ so I can buy it for just 5 BTC. Plx make it happen thx!!!

[Facenose]

Were taking time to talk about 'what is a market price'? Oh my.

[empowering]

good morning bitcoin!

Very good morning Adam. Let me pour some Baileys in your coffee.

It seems the bear trap has snapped shut and the silly little auction has passed without the sky falling down.

All that and it's a gorgeous day here in T.O.

Life is good.

Wait, what? Are you telling me it isn't the biggest event of the year? I'm very confused now. Looking at the market behaviour the last week it has to be. 
Don't tell me people now are like "what auction?" and move on to the next thing. That would be crazy.

Your blood pressure must be off the fricken charts.....

[SirChiko]

Does anybody already know who grabbed these coins?

[empowering]

Hello world!  exciting times : )  been a GREAT week so far as I thought it would be... and July is shaping up to be a
very interesting time too : )

[ShroomsKit]

good morning bitcoin!

Very good morning Adam. Let me pour some Baileys in your coffee.

It seems the bear trap has snapped shut and the silly little auction has passed without the sky falling down.

All that and it's a gorgeous day here in T.O.

Life is good.

Wait, what? Are you telling me it isn't the biggest event of the year? I'm very confused now. Looking at the market behaviour the last week it has to be. 
Don't tell me people now are like "what auction?" and move on to the next thing. That would be crazy.

Your blood pressure must be off the fricken charts.....

Not at all. Sorry to dissapoint you

[ShroomsKit]

Were taking time to talk about 'what is a market price'? Oh my.

Considering what price the coins went for is the most important issue this year and nobody can tell me what the actual market price to compare it to is, yes, now is a good time to discuss it.