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

[wachtwoord]

i am going to say BNP Paribas bought them all

This.

Why BNP?

Sorry if I missed in some rumors.

They were on the leaked list, they easily have the funds available and they would likely want to remain anonymous.

[ChartBuddy]

Explanation

[ShroomsKit]

priceless

Messed up.

[Teppino]

How could they let people know they lost already when the award process is ongoing? You have to pass the background check before the auction so that can't be it. I bet someone won all the blocks of coins at a high price, and if I am not mistaken, I read or heard they were selling them in chunks so no one entity could turn around and sell them. I think it was on the news clip that aired right before the auction. My guess is some bank bought them all and they are trying to revise the rules, to whose benefit I have no idea.

Just wanted to publicly pat myself on the back.

yup nice call indeed

[jeezy]

Is there a blockexplorer that isn't lagging like hell atm? 

[Erdogan]

One basic marketing tool of people who sell investment funds based in gold, silver, etc. -- or bitcoin -- is to paint an apocalyptic scenario for stocks, bonds, bank savings, real estate, etc.  "Repent, the end is near, our fund is the only salvation."

Surely there wil be more financial crises in the world and in the USA, there may be moreinflation, perhaps even hyperinflation  But you can be sure the USA will survive (to the disappointment of many people outside it  )  and so wll China, Russia, and Europe.

Believe me: I have lived most of my life in a country with high inflation, sometimes hyperinflation, that periodically had to redefine the currency by dropping three zeros.  (I still must have somehere coins whose nominal value today is a few pico- or femtodollars.)  Inflation and hyperinflation are a big inconvenience, waste a lot of time, make things inefficient and stressful; but people can finda ways to adapt and survive, and the country continues to function without becoming a Mad Max world.

The reason is because money (or bitcoin, or gold) is not real wealth, it is only a token that society will accept and exchange for real wealth.  The exchange is so smooth and universal that, for personal or corporate finances, it is justifiable to treat money the same as wealth.  But when considering a whole nation, or the world, one must ignore the money and focus only on the real wealth.

No matter how much  money the government creates of derstroys, confiscates or gives away, the real weath of the country will not change.  Fiddling with the finacial system, the currency, and the money supply can only change the distribution of wealth among the citizens

On the other hand, in economic crises and hyperinflation times, the austerity measures that neocons have convinced nations to use are precisely designed to trasfer wealth from ordinary citizens to the banks and big financial players.  If such a crisis comes, can bitcoin (assuming it succeeds) save our wealth from being taken that way?  I don't think that will work. For one thing among many, in a crisis most people need to take money out of investment funds and savings in order to survive; so the value of bitcoin is likely to drop, due to diminished demand, rather than increase.  

You are on your way to being an austrian.
 

[Erdogan]

If only i could stop seeing that jorgestolfi name on every page. That would be so nice.

I don't care.

[seljo]

i am going to say BNP Paribas bought them all

This.

Why BNP?

Sorry if I missed in some rumors.

They were on the leaked list, they easily have the funds available and they would likely want to remain anonymous.

If you are doing business with Cuba, Iran and so on what is the best tool to do it?

[edwardspitz]

If only i could stop seeing that jorgestolfi name on every page. That would be so nice.

Maybe you are too sensitive for this forum? 

[ThomasCrowne]

Ahh...i've been hoping to see 700+ after some time off network, but still better than sub 600!

Welcome back!  Just give it another week or so

[wachtwoord]

i am going to say BNP Paribas bought them all

This.

Why BNP?

Sorry if I missed in some rumors.

They were on the leaked list, they easily have the funds available and they would likely want to remain anonymous.

If you are doing business with Cuba, Iran and so on what is the best tool to do it?

Haha that too

[ejinte]

If only i could stop seeing that ShroomsKit name on every page. That would be so nice.

If only i could stop seeing that ShroomsKit name on every page. That would be so nice.

Jorge is actually adding something to the discoussion.

ShroomsKit's messages is all the same

"Oh we are going down without a reason stupid traders"

"Oh we are going up soon someone will dump without reason stupid traders"

"Oh yes I'm only sarcastic"

Blah blah blah

"Oh welcome to my ignore list"

Like I care

[greenlion]

priceless

That's the same exact thing I saw. Even still, just seeing that worthless clowns name is too much..

In one of those ignored posts you missed a really messed up threat by the fake professor.

[okthen]

Well if all the coins were indeed bought by a single entity, is that good news?
It means they bought high, so they're probably not dumpers.
On the other hand, lots of btc in one basket...

[ejinte]

Well if all the coins were indeed bought by a single entity, is that good news?
It means they bought high, so they're probably not dumpers.
On the other hand, lots of btc in one basket...

On a third hand, lots of USD missing out who wants BTC.

[YogoH]

CHINA BANS BITCOIN!

[wachtwoord]

CHINA BANS BITCOIN!

China bids for Bitcoin. Pays with US treasuries.

[empowering]

One buyer is very bullish.  It means the sale price was likely higher than most anticipated.

It means only that one buyer with deep pockets was less greedy than all the others.  They may all have bid at 475$, and he bid 480$  

EDIT: typo, 460 --> 480

yeah right that is what happened..

oh and yeah other financial crisis are also comparable to the situation the worlds economies are in now

not.

[beetcoin]

One buyer is very bullish.  It means the sale price was likely higher than most anticipated.

It means only that one buyer with deep pockets was less greedy than all the others.  They may all have bid at 475$, and he bid 480$  

EDIT: typo, 460 --> 480

yeah right that is what happened..

oh and yeah other financial crisis are also comparable to the situation the worlds economies are in now

not.

i think he still doesn't get it.. if you want to buy 30k bitcoins, from an exchange, then it would cost you a lot more than $600 (spot price around that time) to get it.

[DaRude]

Well if all the coins were indeed bought by a single entity, is that good news?
It means they bought high, so they're probably not dumpers.
On the other hand, lots of btc in one basket...

Makes perfect sense, the more BTC you want to buy the more it'll cost you. That's why i didn't care much about that syndicate, just a bunch of low ballers, why would you pay above market to get 25k worth of BTC when you can buy it on the market without much slippage. Now if you want to buy 18MM worth of BTC your options are pretty limited, and the more you want to buy the more it'll cost you simple supply and demand. So that's definitely a good news, someone with deep pockets is moving in.