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

[Dotto]

TERA is one of my fav voices here, even if he/she uses to dance in the bearish side of the moon, his/her posts are lucid and well structurated.

Missing Risto as well!!

[600watt]

Just wanted to order some shaving gear online at some random site and during checkout I see: Do you want to pay using Bitcoin via Bitpay? Always fun to come across those

It was www.deonlinedrogist.nl btw.

You are in denial. You were planning on buying condoms.

Nah, I have sufficient in the house

condoms ?
bitcoiners need to grow in numbers, dude!

[Krabby]

Just wanted to order some shaving gear online at some random site and during checkout I see: Do you want to pay using Bitcoin via Bitpay? Always fun to come across those

It was www.deonlinedrogist.nl btw.

You are in denial. You were planning on buying condoms.

Nah, I have sufficient in the house

condoms ?
bitcoiners need to grow in numbers, dude!

I'm going to adopt 13 children!!!

[JorgeStolfi]

Some vague information about the bid prices:

http://www.itweb.co.za/index.php?option=com_content&view=article&id=135754:SecondMarket-Pantera-outbid-in-Bitcoin-auction&catid=69

Pantera Capital CEO Dan Morehead told Reuters the firm was unable to purchase the Bitcoins because its bid was below the market price.  "The point is when this auction was announced, Bitcoin was trading at $634 and the general view was that the supply would take the price down," Morehead said.

https://www.finalternatives.com/node/27493

....The U.S. government auction created a tremendous amount of new demand for bitcoin,” Pantera’s Dan Morehead told The New York Times. “Most of the people we spoke to were new entrants to the bitcoin market. None of our bids were hit. I think it went at quite a high price.”...

http://dealbook.nytimes.com/2014/06/30/after-bitcoin-auction-winning-bidders-remain-elusive/?_php=true&_type=blogs&_php=true&_type=blogs&_r=1

Mr. Waters of CoinApex, who bid as an individual, appeared to send his bid using his cellphone while live on Bloomberg Television on Friday, but later confessed in an interview that he had forgotten to attach the bidding form to his email. He submitted his bid for one block of Bitcoins, at a price of $403 each, later on Friday afternoon. He, too, did not win

There is a thread about the auction results:
https://bitcointalk.org/index.php?topic=668635

[Erdogan]

Just wanted to order some shaving gear online at some random site and during checkout I see: Do you want to pay using Bitcoin via Bitpay? Always fun to come across those

It was www.deonlinedrogist.nl btw.

You are in denial. You were planning on buying condoms.

Nah, I have sufficient in the house

condoms ?
bitcoiners need to grow in numbers, dude!

I'm going to adopt 13 children!!!

If you already did produce some fiatters, you can convert them using your parent value transmission power.

[ChartBuddy]

Explanation

[Krabby]

Just wanted to order some shaving gear online at some random site and during checkout I see: Do you want to pay using Bitcoin via Bitpay? Always fun to come across those

It was www.deonlinedrogist.nl btw.

You are in denial. You were planning on buying condoms.

Nah, I have sufficient in the house

condoms ?
bitcoiners need to grow in numbers, dude!

I'm going to adopt 13 children!!!

If you already did produce some fiatters, you can convert them using your value inheritance power.

You'll have to kill me first

[seljo]

Any news about USMS coin prices?

[MoreFun]

Any news about USMS coin prices?

Probably higher than the current market. Thats all

[600watt]

Just wanted to order some shaving gear online at some random site and during checkout I see: Do you want to pay using Bitcoin via Bitpay? Always fun to come across those

It was www.deonlinedrogist.nl btw.

You are in denial. You were planning on buying condoms.

Nah, I have sufficient in the house

condoms ?
bitcoiners need to grow in numbers, dude!

I'm going to adopt 13 children!!!

so mass adoption will finally come true ...

[Dragonkiller]

Any news about USMS coin prices?

Above $650 according to shakil khan.

[samsonn25]

EMA 608

[oda.krell]

Some vague information about the bid prices:

http://www.itweb.co.za/index.php?option=com_content&view=article&id=135754:SecondMarket-Pantera-outbid-in-Bitcoin-auction&catid=69

Pantera Capital CEO Dan Morehead told Reuters the firm was unable to purchase the Bitcoins because its bid was below the market price.  "The point is when this auction was announced, Bitcoin was trading at $634 and the general view was that the supply would take the price down," Morehead said.

https://www.finalternatives.com/node/27493

....The U.S. government auction created a tremendous amount of new demand for bitcoin,” Pantera’s Dan Morehead told The New York Times. “Most of the people we spoke to were new entrants to the bitcoin market. None of our bids were hit. I think it went at quite a high price.”...

http://dealbook.nytimes.com/2014/06/30/after-bitcoin-auction-winning-bidders-remain-elusive/?_php=true&_type=blogs&_php=true&_type=blogs&_r=1

Mr. Waters of CoinApex, who bid as an individual, appeared to send his bid using his cellphone while live on Bloomberg Television on Friday, but later confessed in an interview that he had forgotten to attach the bidding form to his email. He submitted his bid for one block of Bitcoins, at a price of $403 each, later on Friday afternoon. He, too, did not win

There is a thread about the auction results:
https://bitcointalk.org/index.php?topic=668635

Thanks for collecting and posting the available info.

Saw the last one earlier today and thought it's particularly interesting. Assuming truthful information, we now have a price floor. Unfortunately, it's a rather low one. Which allows for the following bearish scenario:

(big honking disclaimer, dear bulls: the following is not my _most likely_ scenario, just the "worst, yet still realistic outcome" I can imagine)

Price made a nice jump in the last 2 days. On the day of the auction however, it was still below $600. Let's say there were a few lowballers (the $400 guys), some bids were a bit more realistic, but in the end, the winning bids were close to market price on the 27th.

Let's give it 5% premium = around $620. Let's say market continues to climb, as the winning bids (or at least some of them) are revealed, among them winning bids in the $620 range.

Suddenly, that, say, $675 market doesn't look that cheap anymore, considering smart money paid $620 a few days earlier. And wasn't the consensus that they'd happily pay a premium to avoid the counter party risk and slippage they'd face on the exchanges? I wouldn't expect a flash crash in that scenario, but taken together with the (technical) signs of resistance in this area, it could lead to another intermediate period of stagnation.

[atp1916]

Right at 650.  Exactly as i thought. 

[wachtwoord]

Right at 650.  Exactly as i thought. 

What's your source?

[wobber]

So a bunch of people placed bids at 403, 405 and up to 500. A smart guy placed a bid at 600 and he won. Wow, what a surprise!

[sukamasoto]

Right at 650.  Exactly as i thought. 

What's your source?

true
needs a valid source

[empowering]

http://dealbook.nytimes.com/2014/06/30/after-bitcoin-auction-winning-bidders-remain-elusive/?_php=true&_type=blogs&_php=true&_type=blogs&_r=1

Mr. Waters of CoinApex, who bid as an individual, appeared to send his bid using his cellphone while live on Bloomberg Television on Friday, but later confessed in an interview that he had forgotten to attach the bidding form to his email. He submitted his bid for one block of Bitcoins, at a price of $403 each, later on Friday afternoon. He, too, did not win

How to waste your time with a STUPID ass bid.

[atp1916]

Right at 650.  Exactly as i thought.  

What's your source?

[2014-02-26] Mark Karpeles Fails to Reassure MtGox Investors, Again :: https://bitcointalk.org/index.php?topic=489299.0  The price of a bitcoin was $655 (or around there) at the start of the Mt Gox fiasco.

People are seeing that the government (nor the winning bidders) is/are not going to dump these coins on an exchange.  As such, along with just about everything else priced in, 650ish or higher is to be expected.

Edit: 775 - 825 new target once auction becomes sufficiently "old news".

[btcbeliever]

a new poll is needed ... old one is out of date.