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

[edwardspitz]

BTC-E is like OKCoin in march. Remember those bot battles back then.

I guess BTC-E don't pay fees on their own exchange... Maybe they got a large order from someone

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[JayJuanGee]

GABI will be competing with PBP, SMBIT, Exante, and perhaps a few other bitcoin funds.

SMBIT (now with ~107'000 BTC) has not attracted any significant investment since May, and has actually shrunk a bit over the last month.  Exante was started in 2011 and has some ~90'000 BTC, I don't know how it is evolving.  I know nothing about the other funds.   

The value of SMBIT's shares is pegged to the market price of BTC.  Officially, they buy BTC when clients invest, sell BTC when clients liquidate, and make profit from fees.  I suppose that the other funds work the same way, is that correct?

What is special about GABI that would convince someone to invest in GABI but not in the other funds?

Doesn't GABI offer some potential tax haven ramifications?  I though that tax haven was mentioned as one of its differentiating attributes.

I think it shelters the profits of the fund managers, but I recall reading that profits obtained by clients would be taxed by their respective governments anyway.

yours seems to be a more accurate depiction of the tax benefits... which would likely NOT cause any incentive for the customers to use GABI over some other service..... unless, it made the customers feel more secure that GABI is gonna stay put for the long term b/c they have a stable operational (governmental regulation) environment. 

[ShroomsKit]

Hanging off a cliff here...

I wouldn't even mind a nice dip to $400 at this point  

And at 400 you wouldn't mind a dip to 300. At 300 you can smell the cheap coins at 200. At 200 why not go for 100 dollar coins. At 100 you will love the crash to 30. Imagine that man. All those cheap coins at 30!

[dasdasdasdasdasd]

Hanging off a cliff here...

I wouldn't even mind a nice dip to $400 at this point  

And at 400 you wouldn't mind a dip to 300. At 300 you can smell the cheap coins at 200. At 200 why not go for 100 dollar coins. At 100 you will love the crash to 30. Imagine that man. All those cheap coins at 30!

But Bitcoin will reach 100,000 $ in 2 years!

[JayJuanGee]

Obviously Fallling is a bit of a dick but the guy is honestly right more than any of you bulls are. Fallling why exactly do you troll so much and hate bitcoin is it because you honestly see no need for it? I finally made an account on here out of frustration because I guess I'm a "weak-hand". I buy 5 BTC a week ago because all the experts on here tell me we should start seeing some upward pressure but all I've seen is my money down the toilet and don't expect to see any actual gains any time soon. My knowledge of trading is very elementary but it appears most people's views on here are pretty out of touch with reality. Anytime you say "Cheap coins!?" because the price is dropping and then a week later it drops some more..well you messed up there didn't you because ya could have gotten them a tad bit cheaper.

There are basically to ways to invest:
1) Buy when there is blood - you may catch a falling knife though
2) Buy in a rally (in the beginning, you should be able to tell when it is worth getting in) - you may get in late

Usually if you respect your fiat you choose 2)
If you invest what you can afford to lose you go with 1)

Don't accuse the 'experts' bro..

Klee - It seems that you are leaving out the dollar cost averaging practice, and implicitly suggesting that investors put all their money in at once or some variation of putting in all your money at once.

Otherwise, I do NOT disagree with you b/c it seems as if, here, 2collect is attempting to shirk responsibility for his/her own investment choices and decision-making... and it remains a bit irritating to be blamed b/c the price moved the opposite as expected (at least in the short-term)

Not sure that I understand what you wrote but I refer to the amount of money someone has already decided to invest - if it is relative big for him better go with  2), if it is small then 1).

I personally believe that dollar cost averaging is better.. so let's say that a person has $5k that he wants to invest.  Accordingly, he should figure out a timeline to invest it (whether over a month or six months).  Of course, if the market is shooting up, then he would have been best off to invest it all at once (but he does NOT know); however, if the market is volatile, then he is NOT so busy attempt to time the market and to catch the falling knife... 

Either way, he's gotta ultimately take responsibility for his own plan and to own it, rather than to blame others - of course, unless he has an investment adviser, then he can blame the investment adviser.  We, here, in this thread are NOT generally serving as investment advisers... at least I do NOT see my role in that regard... and I do NOT consider others as my investment advisers.  Instead, I figure my own strategy and take responsibility for it, which 2 collect does NOT seem to be willing to take responsibility for his own investment decision(s).

Got it now thanks, less risky for sure (but less possible returns too).

That receipt of smaller returns is definitely the downside of DCA, but it works fairly well in a down trending market, so long as the market goes up later.  DCA doesn't work as well in an up trending market, but could still work well b/c it lends piece of mind to investors who are somewhat risk averse and are disinclined towards overextending themselves.

[JayJuanGee]

Note to self: stay the f**k away from BTC-e.

?? context plz

Check BTC-e on bitcoinwisdom.  It looks like 2, maybe 3 or 4, bots battling it out.  Their volume is insane, nearly all in small amounts.  To me, it looks like something went haywire.

I find it extremely odd that the only time they post high volume is when they initiate a downward trend.

Something seems fishy...

That seems perfectly reasonable if the goal is to manipulate the price downward.

[ChartBuddy]

Explanation

[fonsie]

guess you haven't read all my posts, i have point out too many problems bitcoin has right now,
you think i am always right because i have blind lucks? well, you are wrong and i am going to be right even more

People don't need to read all your posts, just the last one is enough, the rest is just the same bullshit.
The only thing you have pointed out, is that you have some serious problems, not bitcoin.
Nobody thinks you are always right, quite the opposite.
If you keep adjusting what you say and changing your thread titles, it's not hard to be right sometimes.

[SFHere]

That seems perfectly reasonable if the goal is to manipulate the price downward.

It's gotta be ˙ɹſ ʎllıM   

[dakota neat]

There is absolutely no reason why bitcoin shouldnt be at 1k already unless the overcompensation in this irrational bear market.

[JayJuanGee]

Hey I'm just wondering why you are so insecure?

I never had considered that I was insecure, but I suppose it could be possible that someone could come to that conclusion base on their reading of some of my posts or maybe by reading my whole history of posts.  Generally, I do NOT read back through my posts, unless one or another of my posts is brought to my attention. 


 

Off of one paragraph that I wrote you have attempted to take little pot shots at me in everyone of your posts.

I did NOT come to the conclusion that I was taking pot shots at you, but some of your posts sparked various discussion points.

If my average buy in price is much lower then yours, which mine is much lower, wouldn't I seem to be having a little more success then you?

I am NOT competing against anyone regarding my average buy in price; however, I frequently bring up various personal details related to my BTC investments for a point of reference... or even to further discuss with anyone who may be interested in that topic or those kinds of focal points.  As you may have noticed, different posters in this thread have different posting styles and different things that they like to reference in their posts.

Are you completely blind and feel the need to ignore my post where I said I TAKE 1000% of the responsibility for any investment I make. This is literally you trying to get mad at someone due to your own insecurities.

In most cases, I respond to posts in the order in which I read them, and to my knowledge, I have NOT deviated from that practice in respect to your posts.  I also attempted to respond to your post in which you stated that you take 1,000% responsibility for your BTC investment, whatever that means.. Actually to me, upon further reflection taking 1000% responsibility seem to mean that you are very emotional and tend to exaggerate, but what do I know?

[HarHarHar9965]

There is absolutely no reason why bitcoin shouldnt be at 1k already unless the overcompensation in this irrational bear market.

Absolutely no reason? How about the lack of demand? The hodlers are doing their job, but there has to be real demand on the exchanges to market buy the price up. We've seen no sign of such demand in months now.

If this lack of demand were due purely to investors not wanting to deal with exchanges, that would be one thing. But SecondMarket doesn't give me hope of huge off-exchange demand, and more merchant adoption continues to keep additional sell pressure in the picture.

[cbeast]

That seems perfectly reasonable if the goal is to manipulate the price downward.

It's gotta be ˙ɹſ ʎllıM   

I've always suspected price manipulation to meet large dark pool orders. Larger orders = larger commissions.

[JayJuanGee]

A big hidden ask wall has been selling on Bfx for 6 hours at 500.27.

It was nice of him not to just dump.  

"nice"    hahahahahaha..... They's too scared to just dump BTCs.. that is why they's be creating these invisible walls.  

time to kiss $500 goodbye

Yeah... let's kiss $500 goodbye for the next half hour...   bye, bye $500...      



See you in half an hour.        

half an hour huh? good luck to "TALK UP BTC"

Good eye, Falllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll lllllllllllling!

I will admit that my prediction was wwww... ..www....wwww....www...rrrong...   


Maybe we will be lucky and be back to $500 tomorrow... WTF do I know?

[dakota neat]

There is absolutely no reason why bitcoin shouldnt be at 1k already unless the overcompensation in this irrational bear market.

Absolutely no reason? How about the lack of demand? The hodlers are doing their job, but there has to be real demand on the exchanges to market buy the price up. We've seen no sign of such demand in months now.

If this lack of demand were due purely to investors not wanting to deal with exchanges, that would be one thing. But SecondMarket doesn't give me hope of huge off-exchange demand, and more merchant adoption continues to keep additional sell pressure in the picture.

We have a market exaggeration downwards and one symptom is lack of demand. Its about psychology now. The fundamentals keep growing stronger every day.

[ChartBuddy]

Explanation

[grappa_barricata]

Explanation

What a mess, Chartbuddy. A real mess.

[TPN]

any reasons for the drop?

[falllling]

any reasons for the drop?

goxed
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
scam IPOs many including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
etc..

[niktitan132]

any reasons for the drop?

goxed
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
scam IPOs many including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
etc..

FUD,FUD and FUD...

It's weekend the price is always low on weekends... The price will go up tomorrow,until then buy cheap coins and HODL!