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

[anujjain]

It appears the heavy hitters are pulling out of BTC and going into Alts such as PPC and NMC and others as of late...

The more simple answer is there are more sellers (mostly miners)  than buyers (retail or institutional).

3600 bitcoins are mined everyday

But why Miner selling on lose, I do not think they are even ROI on mining on this price.

[grappa_barricata]

But why Miner selling on lose, I do not think they are even ROI on mining on this price.

to pay costs and live another day

[findftp]

You all guys should better cut your looses, dump this altcoin bitcoin and invest in some solid and profitable coin.



I said you all before, bitcoin is a shitcoin! Obsolete tech.

And how is this shitcoin called?

[AirFlame]

But why Miner selling on lose, I do not think they are even ROI on mining on this price.

to pay costs and live another day

And you did not add 'buy more and better stuff for mining.'

[hdbuck]

It appears the heavy hitters are pulling out of BTC and going into Alts such as PPC and NMC and others as of late...

So they exchange BTC for FIAT and buy alts?
I don't think so.
There are not many alts for sale in fiat.
Most of them can be bought for BTC or LTC

Nope they are selling BTC for PPC and NMC right now. USB/BTC arb bots are doing the rest...

USB?! ^^

my my, truly amazing dat PPC pump.

https://bitcoinwisdom.com/markets/btce/ppcbtc

[anujjain]

But why Miner selling on lose, I do not think they are even ROI on mining on this price.

to pay costs and live another day

Means they are selling because of necessity otherwise they don't want to sell.

[JayJuanGee]

...
I maintain my earlier point, however, if there are means to identify problems (such as manipulation, if it is taking place in ways that are outside of "acceptable" limits) and then to figure out the least intrusive ways to resolve such problems - sometimes that may mean that the best way is to establish some kind of an oversight body... that has teeth that will minimize and/or prevent the problems (if manipulation rises to such level to be deemed a problem).

Sure.  Bitcoin community is slowly reinventing the wheel.  Unregulated markets caused problems, that's why people invented regulations and regulated them.

Maybe we are saying, more or less, the same thing but using slightly different wording and emphasis?

Regulation is NOT some foreign outside force that comes in and ruins the party - frequently what happens with any kind of community intervention (if you want to call it regulation) is that a problem evolves and is identified.  Sometimes problems are identified as similar to earlier problems and the same (or similar) rules, policies and/or practices can be used to address the new problems, and other times complete rethinking needs to take place in order to address the newly evolving circumstances - and sometimes, through this whole process, communities will come to realize that their previous rules and/or practices were all fucked up...

Surely, with bitcoin there is both new and old mixed in and there are a variety of mixed public policy incentives, including whether the government should consider bitcoin to be a friend or a foe.. and there can be both good and evil driving forces that are affecting the direction... regarding what actions should be taken, if any.

Surely, it is really cruel and evil if somebody like Mark Karpeles runs off with your coins (if that is what really happened), but it also could be cruel and evil if the US government was involved in manipulating and or stealing those GOX coins or having some kind of hand in what happened with GOX.  It may take some time before we find out, that is if the full and true story ever comes out.

[adamstgBit]

stop pumping your altcoin in here.

please.

i'll bet 100$ that PPC will crash hard.

[JayJuanGee]

If you bought BTC >500$ and cut your looses<460 then now would be the perfect time to short as hard as you can to recover some of your looses, as this is an almost safe bet. Bitfinex is for noobs as they offer only 3,3:1 leverage, i hereby recommend OKcoin.com which provides 10:1 or if you´re not from the US use "Plus500" with it´s 17:1, it´s practically free money, you can thank me later.

You seem to have become much more wise, now that you are "Senior." 







NOT

 

[inca]

Any pocket money flowing into alts will come right back to btc at the first sign of upwards movement.

Whoever pushed us down this far can make their next move. Unless it is a central bank fucking with the price then we go back up, and hard.

If buying at market lows was easy everyone would do it!

[AirFlame]

...
I maintain my earlier point, however, if there are means to identify problems (such as manipulation, if it is taking place in ways that are outside of "acceptable" limits) and then to figure out the least intrusive ways to resolve such problems - sometimes that may mean that the best way is to establish some kind of an oversight body... that has teeth that will minimize and/or prevent the problems (if manipulation rises to such level to be deemed a problem).

Sure.  Bitcoin community is slowly reinventing the wheel.  Unregulated markets caused problems, that's why people invented regulations and regulated them.

Maybe we are saying, more or less, the same thing but using slightly different wording and emphasis?

Regulation is NOT some foreign outside force that comes in and ruins the party - frequently what happens with any kind of community intervention (if you want to call it regulation) is that a problem evolves and is identified.  Sometimes problems are identified as similar to earlier problems and the same (or similar) rules, policies and/or practices can be used to address the new problems, and other times complete rethinking needs to take place in order to address the newly evolving circumstances - and sometimes, through this whole process, communities will come to realize that their previous rules and/or practices were all fucked up...

Surely, with bitcoin there is both new and old mixed in and there are a variety of mixed public policy incentives, including whether the government should consider bitcoin to be a friend or a foe.. and there can be both good and evil driving forces that are affecting the direction... regarding what actions should be taken, if any.

Surely, it is really cruel and evil if somebody like Mark Karpeles runs off with your coins (if that is what really happened), but it also could be cruel and evil if the US government was involved in manipulating and or stealing those GOX coins or having some kind of hand in what happened with GOX.  It may take some time before we find out, that is if the full and true story ever comes out.

I wonder where would we be if not collapse of mtgox. $2000 ? or more ? Maybe some day we will know ...

[fonzie]

FINAL (double) BOTTOM IS IN!



Edit: Holy shit, i´m senior. Congratulations fonzie, well done!

[inca]

Incidentally previously someone was watching a few whale addresses to see if they were accumulating or selling during major market movements. It would be interesting to see some up to date analysis with regard to this.

[scarsbergholden]

It appears the heavy hitters are pulling out of BTC and going into Alts such as PPC and NMC and others as of late...

The more simple answer is there are more sellers (mostly miners)  than buyers (retail or institutional).

3600 bitcoins are mined everyday

But why Miner selling on lose, I do not think they are even ROI on mining on this price.

Miners are not necessarily selling at a loss. You can't look at retail mining costs to assess large, well-funded mining operations. Likely, many large operations have sources for cheap production of up-to-date ASICs and access to cheap electricity.

Still, at this point, the only option to maintain operations is to pay your bills in fiat. So..... it should always be assumed that anyone invested in a mining operation may have reason to sell, regardless of price.

[inca]

...
I maintain my earlier point, however, if there are means to identify problems (such as manipulation, if it is taking place in ways that are outside of "acceptable" limits) and then to figure out the least intrusive ways to resolve such problems - sometimes that may mean that the best way is to establish some kind of an oversight body... that has teeth that will minimize and/or prevent the problems (if manipulation rises to such level to be deemed a problem).

Sure.  Bitcoin community is slowly reinventing the wheel.  Unregulated markets caused problems, that's why people invented regulations and regulated them.

Maybe we are saying, more or less, the same thing but using slightly different wording and emphasis?

Regulation is NOT some foreign outside force that comes in and ruins the party - frequently what happens with any kind of community intervention (if you want to call it regulation) is that a problem evolves and is identified.  Sometimes problems are identified as similar to earlier problems and the same (or similar) rules, policies and/or practices can be used to address the new problems, and other times complete rethinking needs to take place in order to address the newly evolving circumstances - and sometimes, through this whole process, communities will come to realize that their previous rules and/or practices were all fucked up...

Surely, with bitcoin there is both new and old mixed in and there are a variety of mixed public policy incentives, including whether the government should consider bitcoin to be a friend or a foe.. and there can be both good and evil driving forces that are affecting the direction... regarding what actions should be taken, if any.

Surely, it is really cruel and evil if somebody like Mark Karpeles runs off with your coins (if that is what really happened), but it also could be cruel and evil if the US government was involved in manipulating and or stealing those GOX coins or having some kind of hand in what happened with GOX.  It may take some time before we find out, that is if the full and true story ever comes out.

I wonder where would we be if not collapse of mtgox. $2000 ? or more ? Maybe some day we will know ...

Karpeles will be looking over his shoulder for a long time to come!

[scarsbergholden]

FINAL (double) BOTTOM IS IN!

Wow, you are still bullish? You did better as a bear troll. I figured when the market refused to bounce, you'd return to the dark side....

[fonzie]

Incidentally previously someone was watching a few whale addresses to see if they were accumulating or selling during major market movements. It would be interesting to see some up to date analysis with regard to this.

LTC whale adresses have become bigger according to Litecointalk, someone did the research a few days/weeks ago, i´m too lazy to search for it.

[JayJuanGee]

...
I maintain my earlier point, however, if there are means to identify problems (such as manipulation, if it is taking place in ways that are outside of "acceptable" limits) and then to figure out the least intrusive ways to resolve such problems - sometimes that may mean that the best way is to establish some kind of an oversight body... that has teeth that will minimize and/or prevent the problems (if manipulation rises to such level to be deemed a problem).

Sure.  Bitcoin community is slowly reinventing the wheel.  Unregulated markets caused problems, that's why people invented regulations and regulated them.

Maybe we are saying, more or less, the same thing but using slightly different wording and emphasis?

Regulation is NOT some foreign outside force that comes in and ruins the party - frequently what happens with any kind of community intervention (if you want to call it regulation) is that a problem evolves and is identified.  Sometimes problems are identified as similar to earlier problems and the same (or similar) rules, policies and/or practices can be used to address the new problems, and other times complete rethinking needs to take place in order to address the newly evolving circumstances - and sometimes, through this whole process, communities will come to realize that their previous rules and/or practices were all fucked up...

Surely, with bitcoin there is both new and old mixed in and there are a variety of mixed public policy incentives, including whether the government should consider bitcoin to be a friend or a foe.. and there can be both good and evil driving forces that are affecting the direction... regarding what actions should be taken, if any.

Surely, it is really cruel and evil if somebody like Mark Karpeles runs off with your coins (if that is what really happened), but it also could be cruel and evil if the US government was involved in manipulating and or stealing those GOX coins or having some kind of hand in what happened with GOX.  It may take some time before we find out, that is if the full and true story ever comes out.

I wonder where would we be if not collapse of mtgox. $2000 ? or more ? Maybe some day we will know ...

You are speculating!!!!!







oh wait.   

[adamstgBit]

...
I maintain my earlier point, however, if there are means to identify problems (such as manipulation, if it is taking place in ways that are outside of "acceptable" limits) and then to figure out the least intrusive ways to resolve such problems - sometimes that may mean that the best way is to establish some kind of an oversight body... that has teeth that will minimize and/or prevent the problems (if manipulation rises to such level to be deemed a problem).

Sure.  Bitcoin community is slowly reinventing the wheel.  Unregulated markets caused problems, that's why people invented regulations and regulated them.

Maybe we are saying, more or less, the same thing but using slightly different wording and emphasis?

Regulation is NOT some foreign outside force that comes in and ruins the party - frequently what happens with any kind of community intervention (if you want to call it regulation) is that a problem evolves and is identified.  Sometimes problems are identified as similar to earlier problems and the same (or similar) rules, policies and/or practices can be used to address the new problems, and other times complete rethinking needs to take place in order to address the newly evolving circumstances - and sometimes, through this whole process, communities will come to realize that their previous rules and/or practices were all fucked up...

Surely, with bitcoin there is both new and old mixed in and there are a variety of mixed public policy incentives, including whether the government should consider bitcoin to be a friend or a foe.. and there can be both good and evil driving forces that are affecting the direction... regarding what actions should be taken, if any.

Surely, it is really cruel and evil if somebody like Mark Karpeles runs off with your coins (if that is what really happened), but it also could be cruel and evil if the US government was involved in manipulating and or stealing those GOX coins or having some kind of hand in what happened with GOX.  It may take some time before we find out, that is if the full and true story ever comes out.

I wonder where would we be if not collapse of mtgox. $2000 ? or more ? Maybe some day we will know ...

something tells me its better that it imploded sooner rather then later.

[macsga]

https://blockchain.info/charts/n-transactions-excluding-popular