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

[YogoH]

https://twitter.com/chamath/status/484019701580701696

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[Ivanhoe]

https://twitter.com/chamath/status/484019701580701696

They bid through the Second Market syndicate, so no real news here.

[inca]

so do you guys think this recent bump was from the newegg guys who have insider info, or does it have to do with the marshal auction? i personally think it has more to do with newegg.

I agree. Newegg > Overstock and Tiger Direct put together.

We're primed to go up. If a government somewhere is about to screw up badly, (and there's probably one), it'll get crazy.

Crazy as in?

$10k+

In 20 years, maybe.

Lol wobber and tzupy not enjoying the latest move upwards.

[ubercool]

https://twitter.com/chamath/status/484019701580701696

They bid through the Second Market syndicate, so no real news here.

It's not that bad news, actually it's good news and price will go upwards.

[spooderman]

Newegg doesn't seem to do that much (to btc price). We are getting ready for a major, major player to start accepting now.

Facebook, amazon, ebay, paypal, google. Those are the top 5 right? Which one do you think will be next? Could we get a list together of internet companies on this level and have Adam make a poll about who will be first? Or maybe another thread given that it the poll would have to sit there for months most likely.

[beetcoin]

could the recent run-up have been anticipation for newegg's announcement? over a month ago, i remember bitcoin being around the mid 400's.. then it suddenly ran up to 680ish, went back down, and now it's sitting at 650ish.

also timing factors in.. newegg announced this right after the US marshal auction.. was that planned?

[windjc]

https://twitter.com/chamath/status/484019701580701696

They bid through the Second Market syndicate, so no real news here.

It's not that bad news, actually it's good news and price will go upwards.

This is the closest confirmation we have that coins went for 6xxs.

This is bullish.

[aminorex]

We're at the beginning stages of the next growth spurt and I find it odd that we're not seeing more trains and rockets.
Hmmmm.......

Times change.

[hmmmstrange]

Newegg doesn't seem to do that much (to btc price). We are getting ready for a major, major player to start accepting now.

Facebook, amazon, ebay, paypal, google. Those are the top 5 right? Which one do you think will be next? Could we get a list together of internet companies on this level and have Adam make a poll about who will be first? Or maybe another thread given that it the poll would have to sit there for months most likely.

I've got a hunch google wallet is next.

[samsonn25]

Is overbought now, needs to come back under $614

[samsonn25]

Is overbought now, needs to come back under $614

lmao, i wonder what wild guess i would make at what price you sold at 

I dont trade it, only looking at technical charts. 

Last week was oversold at $552, came back up over $600.

If you think it is going to the moon 700+  before it drops down you are wishing alot

[justusranvier]

In 20 years, maybe.

Change that to months and at least you'll still be in the right order of magnitude.

20 years from now there will be no USD or USA.

[Richy_T]

Newegg doesn't seem to do that much (to btc price). We are getting ready for a major, major player to start accepting now.

Facebook, amazon, ebay, paypal, google. Those are the top 5 right? Which one do you think will be next? Could we get a list together of internet companies on this level and have Adam make a poll about who will be first? Or maybe another thread given that it the poll would have to sit there for months most likely.

Paypal is Ebay and they have a vested interest in not seeing Bitcoin eat their lunch so don't pay them too much attention (though they will likely have to make a move at some point if Bitcoin succeeds). Amazon is the real big one but I would half expect them to attempt their own coin first. Google? Meh. You'd have to sign up for Google plus to use whatever they came up with anyway. Facebook? Largely orthogonal. Walmart.com is probably one to watch for. They'll have their fingers exactly on the pulse of how much online sales are cutting into their bricks & mortar money and are highly incentivized to slice pennies wherever they can.

[justusranvier]

WalMart will start accepting bitcoin when their Chinese suppliers start asking for payment in btc instead of dollars.

[ChartBuddy]

Explanation

[spooderman]

Orthogonal? Facebook wants money for things, like promoting pages, and there are a lot of people that make use of this.

Google have adverts. People pay for those adverts. Do they need google+ to do that?

Amazoncoin? Fuck that, not going to happen, or catch on if it does.

I think it's max 2 years away this kind of adoption.

It will suprise us by happening sooner than we think. Maybe 9 months from now. One of the big players.

Walmart is a great addition to the list too.

And yes you are right about paypal/ebay, but they will want in on the bitcoin economy soon enough. Remember bitcoin is not replacing the current economy as much as it is making a new economy.

[samsonn25]

EMA flattening out at 613.

[ShroomsKit]

Is overbought now, needs to come back under $614

Source?

[Richy_T]

Orthogonal? Facebook wants money for things, like promoting pages, and there are a lot of people that make use of this.

Google have adverts. People pay for those adverts. Do they need google+ to do that?

Amazoncoin? Fuck that, not going to happen, or catch on if it does.

I think it's max 2 years away this kind of adoption.

It will suprise us by happening sooner than we think. Maybe 9 months from now. One of the big players.

Walmart is a great addition to the list too.

And yes you are right about paypal/ebay, but they will want in on the bitcoin economy soon enough. Remember bitcoin is not replacing the current economy as much as it is making a new economy.

OK, hadn't considered that aspect of Facebook but that's not general public. Not sure what effect.

Google, again, not general public. Google is leveraging Google+  into every damn thing they can so if they don't already, they probably will. I was thinking more in terms of Google checkout though. I *can* see them integrating Bitcoin there and I think they are less incentivized than Paypal/Ebay to try to delay things.

Amazoncoin? I agree that it won't catch on. Doesn't mean they won't try it first which would push back any potential adoption.

[Torque]

Orthogonal? Facebook wants money for things, like promoting pages, and there are a lot of people that make use of this.

OK, hadn't considered that aspect of Facebook but that's not general public. Not sure what effect.

Just to add to the Facebook discussion, FB has around 1.3B (yes, that's Billion) active users per month.  Many are teens and adolescents, but remember that these teens and adolescents grow up and become adults, get jobs, have/make money, etc.  And their parents and grandparents are on FB now, as well as their friends and co-workers.  Now just imagine seamless bitcoin integration with all that, when sending someone bitcoin is as simple as 1-2 clicks in their FB smartphone or tablet app.  And tipping someone btc in Bits instead of just a "Like" (or maybe integrated with the Like function).

Also, Merchants are already using the Facebook platform to advertise/market to their consumers.  This is where FB makes their billions in revenue.  The next logical step is shopping cart and payment integration.

This could be game changing.