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

[ChartBuddy]

Explanation

[empowering]

opportunity is knocking i'm looking to load up big time, and i see i don't have much time! time to buy!

Define "big time"  something like 2 BTC?

What has gotten into you today JayJuan?   

[JayJuanGee]

opportunity is knocking i'm looking to load up big time, and i see i don't have much time! time to buy!

Define "big time"  something like 2 BTC?

What has gotten into you today JayJuan?   

Hehehe... Adam did NOT answer the question, and it seems to me that at other times, I have (and others too) tried to coerce Adam into disclosing his BTC holdings and/or BTC trading activities...  NO luck so far...     

[ChartBuddy]

Explanation

[johnwest]

Explanation

Market still in weekend mood, no movement at all.
Now we have to wait to wake up Amercian then we will see some movement.

Explanation

[BitChick]

So,  I was wondering if the Jersey Island Bitcoin fund, GABI, has a certain time of day for settlement of orders?  It seemed that there were some large purchases of coins made at the end of their work day on Friday!  If this is the case, then perhaps today we will see the same thing in a few hours?  (or at the end of each work day from this point)  I am hoping!  

[mooncake]

So,  I was wondering if the Jersey Island Bitcoin fund, GABI, has a certain time of day for settlement of orders?  It seemed that there were some large purchases of coins made at the end of their work day on Friday!  If this is the case, then perhaps today we will see the same thing in a few hours?  (or at the end of each work day from this point)  I am hoping!  

I was thinking the same. 

[ImI]

Btw they have a twitter account:

https://twitter.com/GABIjersey

[Moria843]

Will amazon and other big players accepting bitcoin cause the value to drop?

I'm thinking it will, since most use services like bitpay and it would make sense for them to sell the coins quickly. That would be a lot of selling that will probably offset good publicity.

For a large influx of bitcoins coming in, seems like it would make sense for bitpay and other big processors to sit on their reserves and just sell, and watch the price drop, and then build their reserves back up at the low price.

I hope somebody can tell me I'm wrong.  

[fonsie]

So,  I was wondering if the Jersey Island Bitcoin fund, GABI, has a certain time of day for settlement of orders?  It seemed that there were some large purchases of coins made at the end of their work day on Friday!  If this is the case, then perhaps today we will see the same thing in a few hours?  (or at the end of each work day from this point)  I am hoping!  

I was thinking the same. 

They said they would take in orders during august and start buying in september, there was a lot of interest, even from small private banks worth a couple of billion, the smallest parties wich showed interest were willing to buy in the 5-10$ million range.

[fonsie]

So,  I was wondering if the Jersey Island Bitcoin fund, GABI, has a certain time of day for settlement of orders?  It seemed that there were some large purchases of coins made at the end of their work day on Friday!  If this is the case, then perhaps today we will see the same thing in a few hours?  (or at the end of each work day from this point)  I am hoping!  

I was thinking the same.  

They said they would take in orders during august and start buying in september, there was a lot of interest, even from small private banks worth a couple of billion, the smallest parties wich showed interest were willing to buy in the 5-10$ million range.

Those that wanna pay using bitcoin, will buy first, so the effect is zero
Those that have bitcoin and are going to spend them, either buy using bitcoin or sell bitcoin and use fiat, either way the effect on price is the same.
So NO, merchants don't drive the price down, it's the people that spend or sell their bitcoin.

[ChartBuddy]

Explanation

[BitChick]

So,  I was wondering if the Jersey Island Bitcoin fund, GABI, has a certain time of day for settlement of orders?  It seemed that there were some large purchases of coins made at the end of their work day on Friday!  If this is the case, then perhaps today we will see the same thing in a few hours?  (or at the end of each work day from this point)  I am hoping!  

I was thinking the same. 

They said they would take in orders during august and start buying in september, there was a lot of interest, even from small private banks worth a couple of billion, the smallest parties wich showed interest were willing to buy in the 5-10$ million range.

I only read that they will begin "trading" in September.  So this could be an accumulation time frame before the coins can be sold.  I wish that GABI was a little more transparent about what they are doing.  I don't like speculating this much. 

[Torque]

Will amazon and other big players accepting bitcoin cause the value to drop?

I'm thinking it will, since most use services like bitpay and it would make sense for them to sell the coins quickly. That would be a lot of selling that will probably offset good publicity.

For a large influx of bitcoins coming in, seems like it would make sense for bitpay and other big processors to sit on their reserves and just sell, and watch the price drop, and then build their reserves back up at the low price.

I hope somebody can tell me I'm wrong.  

No, it'll actually drop sharply at first because whale traders like to quickly flash crash the market, in order to buy up cheap coins before the good news makes the media rounds and the actual public buying starts.  In the next few days that follow, good news spreads quickly, more people buy, and the price naturally goes back up.  Then the whales slowly sell it back down, reaping their 10% profits along the way back down to where it was before the good news was announced.  Wash, rinse, repeat.

I'm surprised that others have not recognized this obvious pattern, as it has played out over and over and over again over the past 3 months.  Good news announcements have always been accompanied by an immediate sharp sell off.  The price rises, then slowly back down again.

[Dragonkiller]

So,  I was wondering if the Jersey Island Bitcoin fund, GABI, has a certain time of day for settlement of orders?  It seemed that there were some large purchases of coins made at the end of their work day on Friday!  If this is the case, then perhaps today we will see the same thing in a few hours?  (or at the end of each work day from this point)  I am hoping!  

I was thinking the same. 

They said they would take in orders during august and start buying in september, there was a lot of interest, even from small private banks worth a couple of billion, the smallest parties wich showed interest were willing to buy in the 5-10$ million range.

Source?

[mooncake]

There was significant buying last Friday. Will we see the same later today?

As expected. 
Time to load up. 

[fonsie]

So,  I was wondering if the Jersey Island Bitcoin fund, GABI, has a certain time of day for settlement of orders?  It seemed that there were some large purchases of coins made at the end of their work day on Friday!  If this is the case, then perhaps today we will see the same thing in a few hours?  (or at the end of each work day from this point)  I am hoping!  

I was thinking the same. 

They said they would take in orders during august and start buying in september, there was a lot of interest, even from small private banks worth a couple of billion, the smallest parties wich showed interest were willing to buy in the 5-10$ million range.

Source?

Here you go: http://www.forbes.com/sites/alisoncoleman/2014/08/03/europes-bitcoin-entrepreneurs-winning-investor-seal-of-approval

since you obviously haven't heard of Google...

[Dragonkiller]

So,  I was wondering if the Jersey Island Bitcoin fund, GABI, has a certain time of day for settlement of orders?  It seemed that there were some large purchases of coins made at the end of their work day on Friday!  If this is the case, then perhaps today we will see the same thing in a few hours?  (or at the end of each work day from this point)  I am hoping!  

I was thinking the same. 

They said they would take in orders during august and start buying in september, there was a lot of interest, even from small private banks worth a couple of billion, the smallest parties wich showed interest were willing to buy in the 5-10$ million range.

Source?

Here you go: http://www.forbes.com/sites/alisoncoleman/2014/08/03/europes-bitcoin-entrepreneurs-winning-investor-seal-of-approval

since you obviously haven't heard of Google...

Thanks

[sickpig]

https://medium.com/p/bae91f981d1

thanks Justus. this is big. I'm eagerly waiting for the day the documents about alleged market manipulation will be published.

tl;dr Jon Matonis Executive Director of The Bitcoin Foundation accused to manipulate the market through "The Exante Fund".

FYI the author have deleted the article from medium.com platform, strange.

Justus do you have any more info?

[ChartBuddy]

Explanation