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

[derpinheimer]

https://twitter.com/BitcoinBreak/status/483698871802277889

Where are they getting 30,000 from? They bid 46,000BTC for an average price of $416..

[Patel]

If you put in a bid for the below number, you LOST the FBI auction:

https://twitter.com/barrysilbert/status/483692873855299584

[Habeler876]

The Silberts are master pumpers. I didn't even know he had a brother involved in this, LOL. Well, I guess it's moon time, $700+? Strapping my suit on now.

[abercrombie]

If you put in a bid for the below number, you LOST the FBI auction:

666

https://twitter.com/barrysilbert/status/483692873855299584

Based on what math?

$666 x 30,000 bitcoins = 19,980,000 (20 million didn't win)

[p0peji]

Volume is kind of disappointing at this stage imo.

[windjc]

If you put in a bid for the below number, you LOST the FBI auction:

666

https://twitter.com/barrysilbert/status/483692873855299584

Based on what math?

$666 x 30,000 bitcoins = 19,980,000 (20 million didn't win)

As Alan is angrily pointing out in that twitter thread, he was using rough estimates.

[derpinheimer]

Again, where is 30,000 coming from? They had 48,013 BTC of bids..

So, they had 16 bids.. (48,000 for 30,000 bitcoin)
 

I guess what matters here is wether or not the 20M includes the obvious 18,000 that didnt win (0% chance for them to win, before results were out). I dont see why it WOULDNT include that.

So, $20,000,000/48,000 = $416.67

[nrd525]

So far this price increase hasn't caused Bitfinex swap rates to increase. You can still get swap for as little as 0.165%/day.  This is different from the rate spikes that we commonly see.

[seljo]

Whats up with pumps? Auction over?

DOOD! QUICK! THE DINOSAUR!!!!!!!!!!

We need legit TA bring teh dinosaur!

[ChrisML]

Well... thats a first that I went long and shorted again in less than 2 hours. LMFAO.

[windjc]

So far this price increase hasn't caused Bitfinex swap rates to increase. You can still get swap for as little as 0.165%/day.  This is different from the rate spikes that we commonly see.

Probably a lot of swaps closing out that were a little under water, happy to break even or make a small profit.

[ejinte]

So far this price increase hasn't caused Bitfinex swap rates to increase. You can still get swap for as little as 0.165%/day.  This is different from the rate spikes that we commonly see.

Before all the swaps on bitfinex was on 30day minimum but it seems to have changed?

[derpinheimer]

Huobi gon' blow.

NEXT LEG UP!!

[nrd525]

So far this price increase hasn't caused Bitfinex swap rates to increase. You can still get swap for as little as 0.165%/day.  This is different from the rate spikes that we commonly see.

Before all the swaps on bitfinex was on 30day minimum but it seems to have changed?

No. Minimum is 2 days. Maximum is 30 days.

[wiak2]

https://twitter.com/dan_pantera/status/483710410588037120

"Supply creates its own demand". So true when it's the US government auctioning #bitcoins. We saw strong demand from new investors.

[ChrisML]

Huobi gon' blow.

NEXT LEG UP!!

Once again, I am very bullish. But I really think we need to see what the next 24 hours bring before we can officialy make a statement.

I feel a beartrap coming in.. so fucking hard It's not funny anymore.

[nrd525]

So far this price increase hasn't caused Bitfinex swap rates to increase. You can still get swap for as little as 0.165%/day.  This is different from the rate spikes that we commonly see.

Probably a lot of swaps closing out that were a little under water, happy to break even or make a small profit.

Unlikely.  Would you close a long position when it was going through the roof?

I'm thinking people are going long with money that was just sitting around.  A small number may have taken out loans in advance.  And this is a joint effort across the markets (several minutes ago Bitstamp was consisently $1-$3 ahead of Bitfinex).

Also people might be acting cautious as there isn't much real news on the auction.

[BTCfan1]

i still can't get over how many people were thinking the coins would go for below market...

[nrd525]

Bitfinex swaps up $800k in the past 12 hours. Then down $160k from the peak (so some evidence of profit taking) as of 40 minutes ago.

[MICRO]

i still can't get over how many people were thinking the coins would go for below market...

I was thinking exactly that . My mistake.
Looks like btc will sky rocket, and i was thinking it will crash to 500$ish .