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

[Wandererfromthenorth]

The 266$ crash was actually wonderful, SR 1.0 still used 250$ for their price (due to the 24h avg. they used.) so that you could shop almost a full day for ~60-70% off.

I bought shitloads of Acid on that day, lol, as it was already to late for selling on the exchanges (<100$)

Acid from the SR <3 <3

[BitAddict]

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

why would bitcoin goes to 0$???

You dear sir is right! It won't or shant go that low. The only (killer) argument to buy bitcon is to buy drugs. So it shall stabilise around $10 like it was for so long (the only true demand). But then again I could be wrong.. According to Adam Africa is buying BTC. We might indeed see $10k soon.

Yeah! And because in Africa they nearly don't have smartphones or internet they will use the rockchain  
Wait until they dump "all" their fiat to buy bitcoin.



Jokes aside, Africa needs lot of development before they can consider buying or using bitcoin. Now it is only for lucky people with internet access.

[gnode]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.  

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.

I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice,  so I would believe that there is some truth to this idea.

Per Wikipedia:

Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December).

Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85

[MoreFun]

If bitcoin survises that fucking 2014 I'm happy enough.

we can only hope.

Your posts in last days are really desperated...

I miss your positivity like buy buy buy around $550 few hours before gox crash.   

[adamstgBit]

If bitcoin survises that fucking 2014 I'm happy enough.

we can only hope.

Your posts in last days are really desperated...

I miss your positivity like buy buy buy around $550 few hours before gox crash.  

lol!

i can't help the way i feel... back then i felt like nothing could stop bitcoin my target was 3000$


remember me screaming in this thread during the US Senate meeting   

[fonzie]

512BTC ask@2240@OKCoin.

Edit: now 610BTC

[gnode]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.  

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.

I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice,  so I would believe that there is some truth to this idea.

Per Wikipedia:

Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December).

Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85

Then the huge rally started to 1250!!!!!!

[esse83]

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

why would bitcoin goes to 0$???

You dear sir is right! It won't or shant go that low. The only (killer) argument to buy bitcon is to buy drugs. So it shall stabilise around $10 like it was for so long (the only true demand). But then again I could be wrong.. According to Adam Africa is buying BTC. We might indeed see $10k soon.

The demand for black marketplaces has increased a lot since those times. So i guess it would probably stabilize around 30-50$.

True, I stand corrected. Bitcoin has advanced and grown within that field. It is time to recognize that fact. Bitcoin is to purchase stuff you dont want your government to know about. Be it drugs or anythin else. That is why it will always have value (or be replaced). Good night!

[MoreFun]

If bitcoin survises that fucking 2014 I'm happy enough.

we can only hope.

Your posts in last days are really desperated...

I miss your positivity like buy buy buy around $550 few hours before gox crash.  

lol!

i can't help the way i feel... back then i felt like nothing could stop bitcoin my target was 3000$


remember me screaming in this thread during the US Senate meeting  

$180 in 7 business days   wins it all    hope it won't be true again 

[BitChick]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.  

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.

I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice,  so I would believe that there is some truth to this idea.

Per Wikipedia:

Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December).

Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85

Then the huge rally started to 1250!!!!!!

Can it really be that simple to figure out?  Really?  

To the moon!!!!  

[adamstgBit]

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

why would bitcoin goes to 0$???

You dear sir is right! It won't or shant go that low. The only (killer) argument to buy bitcon is to buy drugs. So it shall stabilise around $10 like it was for so long (the only true demand). But then again I could be wrong.. According to Adam Africa is buying BTC. We might indeed see $10k soon.

The demand for black marketplaces has increased a lot since those times. So i guess it would probably stabilize around 30-50$.

True, I stand corrected. Bitcoin has advanced and grown within that field. It is time to recognize that fact. Bitcoin is to purchase stuff you dont want your government to know about. Be it drugs or anythin else. That is why it will always have value (or be replaced). Good night!

bitcoin means different things to different poeple. good night.

[Wandererfromthenorth]

Going to sleep.

See you all at a lower price tomorrow lel

[gnode]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.  

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.

I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice,  so I would believe that there is some truth to this idea.

Per Wikipedia:

Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December).

Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85

Then the huge rally started to 1250!!!!!!

Can it really be that simple to figure out?  Really?  

To the moon!!!!  

The big sell off was attributed to silk road being shut down but maybe that wasn't the real reason for the sell off. maybe it just triggered it.

[BitChick]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.  

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.

I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice,  so I would believe that there is some truth to this idea.

Per Wikipedia:

Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December).

Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85

Then the huge rally started to 1250!!!!!!

Can it really be that simple to figure out?  Really?  

To the moon!!!!  

The big sell off was attributed to silk road being shut down but maybe that wasn't the real reason for the sell off.

We like to attribute everything to news, but lately we have seen that news, even amazing news, doesn't move the price as much as we thought.  It could have just been a strange coincidence.  I am interested in seeing how this plays out.  We should know by Monday at least. 

[spooderman]

Have Russia banned bitcoin then?

Also, this makes me love bitcoin soooo much more.

[gnode]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.  

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.

I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice,  so I would believe that there is some truth to this idea.

Per Wikipedia:

Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December).

Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85

Then the huge rally started to 1250!!!!!!

Can it really be that simple to figure out?  Really?  

To the moon!!!!  

The big sell off was attributed to silk road being shut down but maybe that wasn't the real reason for the sell off.

We like to attribute everything to news, but lately we have seen that news, even amazing news, doesn't move the price as much as we thought.  It could have just been a strange coincidence.  I am interested in seeing how this plays out.  We should know by Monday at least. 

Looking at last year it, the price recovered to 124 in a few days, sat there for a week then boom!

[fonzie]

This time it´s different!

[JayJuanGee]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.  

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.

I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice,  so I would believe that there is some truth to this idea.

Per Wikipedia:

Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December).

Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85

Then the huge rally started to 1250!!!!!!

To save ambiguity, these days, unless specifying otherwise (which exchange you are referring to) we use the Bitstamp price here as the default quoted price. which was $1,163 as the previous ATH... NOT $1,250... you must be referring to some other exchange?

[gnode]

no cents on that 1163?

[gnode]

This time it´s different!

We shall see! Maybe it is same thing different year.