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

[lyth0s]

Has Loaded said how many coins hes going to buy and over what timeframe?

[fonzie]

[oda.krell]

Obviously today continues to prove that the people that actually care about bitcoin, are orders of magnitude outnumbered by people who could give 2 shits about bitcoin.

What a great community to be involved in.

<Sigh>

I think bitcoin needs these cycles. This is how you distribute coins.
Either we will face complete failure or sooner or later there will be a rebound. Somewhat like  a phoenix rising from the ashes

Not if those same sold coins keep getting bought back up by the people who don't give 2 shits about bitcoin.  Over, and over, and over again.  We can't stop those whose only goal in life is gleefully buying/dumping and buying/dumping some more.  They don't care what the price is, it makes no difference to them.  They will trade if the price is $400 or $4.  And they don't care if no one is left to buy in the end.

Back when the original hodl thread appeared I had to smile.
So far I've sold very little of the few btc I own.  A pizza, some donations. you get the idea.
The regular user is not going to short bitcoin or go leveraged long regularly.
Unless exchanges use fractional reserving these methods will not work indefinitely the way they do now.

That was you?! o_O

[grappa_barricata]

This is very clever stop buy orders hunting, to accumulate more sells.

[Dragonkiller]

Has Loaded said how many coins hes going to buy and over what timeframe?

A million over 10 seconds

[coins101]

China seems to be awake.

[criptix]

see bid side increasing by a shit ton

[derpinheimer]

see bid side increasing by a shit ton

Sadly its not increasing much at all. The asks have all but totally recovered (2k bought, 1.8k of FRESH ASKS just since that)

[fonzie]

Has Loaded said how many coins hes going to buy and over what timeframe?

He said he will "slowly" accumulate ~25kBTC in the next days.  




(No, he hasn´t said anything about the size )

[klee]

https://bitcointalk.org/index.php?topic=787222.msg8880617#msg8880617

[findftp]

it's refreshing to see someone use inkscape instead of photoshop or mspaint

Yeah, I noticed that as well after I posted it 
It was a combination with GIMP. I did the "buy" in inkscape because I don't know how to do the hollow text in Gimp.
Cropping and insertion of bitcoin address was done in Gimp.
Both great programs.

[rebuilder]

Has Loaded said how many coins hes going to buy and over what timeframe?

All of them, ASAP. He needs coins to burn for some major Openbazaar rep. Something about buying Texas, I think.

[fonzie]

May Satan bless the ones that reserved 150k $ USD swaps for 30d for a rate of about ~0.038% 

[akujin]

Wat da! I was just away for a few hours and finex panic buy to 449 

[AirFlame]

Up, Down, Up, Down, Up... What the hell is going on stop playing god !

[Boom143]

Up, Down, Up, Down, Up... What the hell is going on stop playing god !

430$ now

Even i m getting pissed lol

[Richy_T]

Yeah, I noticed that as well after I posted it 
It was a combination with GIMP. I did the "buy" in inkscape because I don't know how to do the hollow text in Gimp.
Cropping and insertion of bitcoin address was done in Gimp.
Both great programs.

Something along the lines of text-to-selection, grow selection, fill selection.

[derpinheimer]

https://bitcointalk.org/index.php?topic=787222.msg8880617#msg8880617

Someone just bought up all the USD swaps and made a 2000 BTC buy!

Whats that mean? They took loans to buy 2000BTC? So.. an idiot? This might not even materialize in to a real bulltrap?

[kurb3l]

wow, at the moment i'm pretty happy i went all back into fiat this morning. it has been a hell of a ride today. so i thought we had seen the bottom, but there's always a further way down. Since i went into BTC almost 3 months ago, i've been mainly seeing downwards. Each time you think "this is the bottom", it just goes lower. Feels good to have cut at least some losses (for now). And this thread keeps me entertained in these wild times. So, cheers to cheap coins :]

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[raid_n]

Obviously today continues to prove that the people that actually care about bitcoin, are orders of magnitude outnumbered by people who could give 2 shits about bitcoin.

What a great community to be involved in.

<Sigh>

I think bitcoin needs these cycles. This is how you distribute coins.
Either we will face complete failure or sooner or later there will be a rebound. Somewhat like  a phoenix rising from the ashes

Not if those same sold coins keep getting bought back up by the people who don't give 2 shits about bitcoin.  Over, and over, and over again.  We can't stop those whose only goal in life is gleefully buying/dumping and buying/dumping some more.  They don't care what the price is, it makes no difference to them.  They will trade if the price is $400 or $4.  And they don't care if no one is left to buy in the end.

Back when the original hodl thread appeared I had to smile.
So far I've sold very little of the few btc I own.  A pizza, some donations. you get the idea.
The regular user is not going to short bitcoin or go leveraged long regularly.
Unless exchanges use fractional reserving these methods will not work indefinitely the way they do now.

That was you?! o_O

I wish. It is interesting the person sold pretty much all of his coins. You'd think most people would stick to some concept of "I'll keep half just in case".
Either way, without these purchases bitcoin would be nowhere. I am grateful for that.

I'm late to the party if you want to call it that. But it does not matter. What is happening now will have such a profound impact on society it will create many new and interesting opportunities.
It is exciting to be part of it.