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

[empowering]

I wish some bright spark had tweeted "WINKLEVOSS ETF !! OS HERE!!11" while the twinks™ were on stage.

That would have been hilarious! and to see if and what the reaction would have been.

(evil laugh)

(terrible person guilt)

(shrug)

[BlindMayorBitcorn]

FTC appointed receiver is to convert ~24'000 BTC seized from BFL (and EMC?) to cash "on a systematic and reasoned basis"
https://bitcointalk.org/index.php?topic=150803.msg9427254#msg9427254

It is interesting how much of an impact market selling, or merely flashing an ask, less than 7 days worth of mined coins would likely have on the price.

But, I doubt they will be flashed or dumped on an exchange. My guess is otc or gradually through a payment processor like coinbase, which will in turn sell on an exchange.

Slow bleed. More slow bleed. I can see it

[octaft]

Everything we do, see, eat, smell, feel are all inputs to our brain and they all cause an output. If you are simply defining anything that effects your brain as a drug, then every single thing in this entire world is a drug and since that has no exclusion criteria, it thus would make that term useless.

It has to be a chemical to be considered a drug.

other wise it will be called medicine

Medicine and drug are not mutually exclusive, and I'm pointing out that the "exclusion criteria" is a chemical substance that has a known biological effect on the body, with the main effect not being one of nourishment (so excluding foods).

[JorgeStolfi]

FTC appointed receiver is to convert ~24'000 BTC seized from BFL (and EMC?) to cash "on a systematic and reasoned basis"
https://bitcointalk.org/index.php?topic=150803.msg9427254#msg9427254

It is interesting how much of an impact merely flashing less than 7 days worth of mined coins would likely have on the price.

But, I doubt they will be flashed or dumped on an exchange. My guess is otc or gradually through a payment processor like coinbase, which will in turn sell on an exchange.

I would think that it has to be by public auction(s), for legal reasons.  (Any other solution would expose them to accusations of undue privilege and/or harming the customers by not getting the best price.  An auction may get a lousy price, but they could not be blamed for that.  Trust me, I know how civil servants think.  )

If so, they may hand it to the USMS auction service, or hire an auction house. 

[noobtrader]

Everything we do, see, eat, smell, feel are all inputs to our brain and they all cause an output. If you are simply defining anything that effects your brain as a drug, then every single thing in this entire world is a drug and since that has no exclusion criteria, it thus would make that term useless.

It has to be a chemical to be considered a drug.

other wise it will be called medicine

Medicine and drug are not mutually exclusive, and I'm pointing out that the "exclusion criteria" is a chemical substance that has a known biological effect on the body, with the main effect not being one of nourishment (so excluding foods).

agree

[noobtrader]

FTC appointed receiver is to convert ~24'000 BTC seized from BFL (and EMC?) to cash "on a systematic and reasoned basis"
https://bitcointalk.org/index.php?topic=150803.msg9427254#msg9427254

It is interesting how much of an impact market selling, or merely flashing an ask, less than 7 days worth of mined coins would likely have on the price.

But, I doubt they will be flashed or dumped on an exchange. My guess is otc or gradually through a payment processor like coinbase, which will in turn sell on an exchange.

Slow bleed. More slow bleed. I can see it

not slow bleed, just usual cup and handle pattern.  BULLISH !!!

[BlindMayorBitcorn]

Or that. I can see that too

[noobtrader]

Or that. I can see that too

i have to admit this market is boring lately...

[ssmc2]

http://www.finextra.com/news/announcement.aspx?pressreleaseid=57499

Paypal -> BTC -> BK? 

[JayJuanGee]

For a guy using shrooms, you are really impatient. It is all part of the game.

Again, i don't use drugs. 

Shrooms aren't drugs. Shrooms are herbs or vegetables.

Heroin, tylenol, crystal meth, prozac, crack cocaine, etc are drugs.

Yeah whatever. I'm not here to discuss what drugs is.
I don't use mushrooms.

Maybe you should try some shrooms then? Might mellow you out

I'm mellow as fuck.

Gold

Yeah, mellow as fuck as he his throwing the cum rag to the corner because he has NOT been laid for years, but then again is Shroomie is a teenage kid living in mom's basement and popping zits, then maybe he is too young to get laid, anyhow?   

[BitChick]

Or that. I can see that too

i have to admit this market is boring lately...

It is always a bit boring before it gets wild and crazy.

[lyth0s]

Everything we do, see, eat, smell, feel are all inputs to our brain and they all cause an output. If you are simply defining anything that effects your brain as a drug, then every single thing in this entire world is a drug and since that has no exclusion criteria, it thus would make that term useless.

It has to be a chemical to be considered a drug.

Ok, then define "chemical". On the most basic level it could be defined as an atom or arrangement of atoms. Therefore breathing oxygen (non-concentrated) is a drug.

But on a more physical level, shouldn't photons also be considered a chemical since they are particles and also have "receptors" and influence our brains? That would then support my claim of everything we see being a drug.


As far as chemical vs medicine, that is purely just a difference in what the substance is used for.

I have a Bachelors in Science in Biology and Chemistry with post-graduate education in a similar field. If you start listing every food item as a drug, the definition is all inclusive.

The word "Drug" should be limited to substances that are either potent by nature or are in a concentrated form that can produce an acute physiological change in our bodies.

How does that apply? Normal oxygen concentrations of about 21% at sea level pressures does not cause a change and therefore isn't a drug. Abuse of 100% oxygen is highly concentrated and causes many physiological changes, and thus could be classified as "drug" abuse.

This topic is completely unrelated to bitcoin, so this is where I end my discussion on the topic.

[JayJuanGee]

FTC appointed receiver is to convert ~24'000 BTC seized from BFL (and EMC?) to cash "on a systematic and reasoned basis"
https://bitcointalk.org/index.php?topic=150803.msg9427254#msg9427254

Bitcoin doesn't seem to respond so much to "news"

Yeah.

The USMS auction happened on June 27.  In the 4 days prior the price dropped from 600$ to 560$, then recovered to 600$. After the auction it remained at 600$ for another 3 days, then shot up to 650$, perhaps on rumors that Draper had paid over market.  But that 650$ was merely a return to the high of June 2-10.  It may well be that those swings had nothing to do with the auction.

Yes, but Draper has become a punch line since his bid and nobody is going to be dumb enough to high bid an uber ton of coins, again. You have these coins and the ones in Australia or New Zealand or wherever the f---, too. You basically are going to have roughly 50,000 more coins hitting the market at the same time that the Winklevi are trying, more or less, to dump their coins. This s--- is officially dead. I am opening a short. This s--- is beyond f---ing dead.

Good luck with that... ha ha ha ha....     

[ChartBuddy]

Explanation

[abercrombie]

Twitter was brutal on the Winklevoss twins ...

[lyth0s]

FTC appointed receiver is to convert ~24'000 BTC seized from BFL (and EMC?) to cash "on a systematic and reasoned basis"
https://bitcointalk.org/index.php?topic=150803.msg9427254#msg9427254

Bitcoin doesn't seem to respond so much to "news"

Yeah.

The USMS auction happened on June 27.  In the 4 days prior the price dropped from 600$ to 560$, then recovered to 600$. After the auction it remained at 600$ for another 3 days, then shot up to 650$, perhaps on rumors that Draper had paid over market.  But that 650$ was merely a return to the high of June 2-10.  It may well be that those swings had nothing to do with the auction.

Yes, but Draper has become a punch line since his bid and nobody is going to be dumb enough to high bid an uber ton of coins, again. You have these coins and the ones in Australia or New Zealand or wherever the f---, too. You basically are going to have roughly 50,000 more coins hitting the market at the same time that the Winklevi are trying, more or less, to dump their coins. This s--- is officially dead. I am opening a short. This s--- is beyond f---ing dead.

It is one thing to be shorting bitcoin while it is going down in order to obtain MORE coins. It's a whole other game to actually be selling all of your coins and have nothing but shorts.

Hopefully you're smart enough to see that the end game IS bitcoin and you don't sell all of your coins off...

[relm9]

FTC appointed receiver is to convert ~24'000 BTC seized from BFL (and EMC?) to cash "on a systematic and reasoned basis"
https://bitcointalk.org/index.php?topic=150803.msg9427254#msg9427254

Bitcoin doesn't seem to respond so much to "news"

Yeah.

The USMS auction happened on June 27.  In the 4 days prior the price dropped from 600$ to 560$, then recovered to 600$. After the auction it remained at 600$ for another 3 days, then shot up to 650$, perhaps on rumors that Draper had paid over market.  But that 650$ was merely a return to the high of June 2-10.  It may well be that those swings had nothing to do with the auction.

Yes, but Draper has become a punch line since his bid and nobody is going to be dumb enough to high bid an uber ton of coins, again. You have these coins and the ones in Australia or New Zealand or wherever the f---, too. You basically are going to have roughly 50,000 more coins hitting the market at the same time that the Winklevi are trying, more or less, to dump their coins. This s--- is officially dead. I am opening a short. This s--- is beyond f---ing dead.

Eh, 50K coins (not sure where you got that number from specifically, but anyway) is not a big deal in the grand scheme of things. We saw how fast the market ate up 30K coins at $300

[octaft]

Everything we do, see, eat, smell, feel are all inputs to our brain and they all cause an output. If you are simply defining anything that effects your brain as a drug, then every single thing in this entire world is a drug and since that has no exclusion criteria, it thus would make that term useless.

It has to be a chemical to be considered a drug.

Ok, then define "chemical". On the most basic level it could be defined as an atom or arrangement of atoms. Therefore breathing oxygen (non-concentrated) is a drug.

But on a more physical level, shouldn't photons also be considered a chemical since they are particles and also have "receptors" and influence our brains? That would then support my claim of everything we see being a drug.


As far as chemical vs medicine, that is purely just a difference in what the substance is used for.

I have a Bachelors in Science in Biology and Chemistry with post-graduate education in a similar field. If you start listing every food item as a drug, the definition is all inclusive.

The word "Drug" should be limited to substances that are either potent by nature or are in a concentrated form that can produce an acute physiological change in our bodies.

How does that apply? Normal oxygen concentrations of about 21% at sea level pressures does not cause a change and therefore isn't a drug. Abuse of 100% oxygen is highly concentrated and causes many physiological changes, and thus could be classified as "drug" abuse.

This topic is completely unrelated to bitcoin, so this is where I end my discussion on the topic.

the "exclusion criteria" is a chemical substance that has a known biological effect on the body, with the main effect not being one of nourishment (so excluding foods).

I would consider breathing air to be nourishment, and huffing oxygen to not be nourishment, so we are not in disagreement. No need to throw e-degrees at me and pull the old "lets not be off-topic but I want to get the last word in so here's some off-topic stuff but now you don't get a chance to respond haha" trick.

[lyth0s]

Everything we do, see, eat, smell, feel are all inputs to our brain and they all cause an output. If you are simply defining anything that effects your brain as a drug, then every single thing in this entire world is a drug and since that has no exclusion criteria, it thus would make that term useless.

It has to be a chemical to be considered a drug.

Ok, then define "chemical". On the most basic level it could be defined as an atom or arrangement of atoms. Therefore breathing oxygen (non-concentrated) is a drug.

But on a more physical level, shouldn't photons also be considered a chemical since they are particles and also have "receptors" and influence our brains? That would then support my claim of everything we see being a drug.


As far as chemical vs medicine, that is purely just a difference in what the substance is used for.

I have a Bachelors in Science in Biology and Chemistry with post-graduate education in a similar field. If you start listing every food item as a drug, the definition is all inclusive.

The word "Drug" should be limited to substances that are either potent by nature or are in a concentrated form that can produce an acute physiological change in our bodies.

How does that apply? Normal oxygen concentrations of about 21% at sea level pressures does not cause a change and therefore isn't a drug. Abuse of 100% oxygen is highly concentrated and causes many physiological changes, and thus could be classified as "drug" abuse.

This topic is completely unrelated to bitcoin, so this is where I end my discussion on the topic.

the "exclusion criteria" is a chemical substance that has a known biological effect on the body, with the main effect not being one of nourishment (so excluding foods).

I would consider breathing air to be nourishment, and huffing oxygen to not be nourishment, so we are not in disagreement. No need to throw e-degrees at me and pull the old "lets not be off-topic but I want to get the last word in so here's some off-topic stuff but now you don't get a chance to respond haha" trick.

Not at all, you're free to continue to discuss it. I'm just saying that I'm personally not going to argue the point anymore.


Looks like the Winklevoss bro's got smashed: http://seen.co/event/money2020--2014-6605/highlight/575322

[Walsoraj]

Twitter was brutal on the Winklevoss twins ...

That's unfortunate. But, I heard that presentations by Ripple Labs members were well received.