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

[var53]

Price movement may be related to the Feds flogging thousands today.Well think its today

Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?

those coins will go above marketprice 

The prices paid in the last auction were never released. I doubt the next auction's prices paid will be released either.

[JayJuanGee]

Price movement may be related to the Feds flogging thousands today.Well think its today

Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?

those coins will go above marketprice 

The prices paid in the last auction were never released. I doubt the next auction's prices paid will be released either.

Yeah, but we all know that a reasonable inference is that the bitcoins sold for well over 10% of the then market price b/c otherwise Draper would NOT have been able to win all 10 blocks.  The then BTC market price was around $600, and it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.

[galdur]

The dollar will eventually pull back and then BTC will rise

[var53]

Price movement may be related to the Feds flogging thousands today.Well think its today

Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?

those coins will go above marketprice 

The prices paid in the last auction were never released. I doubt the next auction's prices paid will be released either.

Yeah, but we all know that a reasonable inference is that the bitcoins sold for well over 10% of the then market price b/c otherwise Draper would NOT have been able to win all 10 blocks.  The then BTC market price was around $600, and it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.

It's all guesswork. The only bidder who revealed what he bid offered a price well below market price (and we only have his word that he's telling the truth).

[DeadCoin]

The dollar will eventually pull back and then BTC will rise

If you think bitcoin is correlated with macroeconomic events you're beyond delusional.
Are you one of those who believe April 2013 bubble was caused by Cypriot people fleeing to bitcoin, instead of that crisis being an excuse to make a pump?

[galdur]

What little Wall St. cares about BTC it treats it as a commodity
that is a counter-trade to the dollar.

[NotLambchop]

... it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.

Or even a million dollars...

[ChartBuddy]

Explanation

[EFS]

dump and pump dump!

FTFY

[YogoH]

Nice , I got beta invite to Buttercoin. It looks pretty nice

https://imgur.com/a/lgaV1 Screenshots here

[Newbie1022]

... it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.

Or even a million dollars...

Well played!

[redsn0w]

I'm still :

[JorgeStolfi]

Please give me one example of an investment that doesn't work like this? How do assets or stocks go up in value and who holding that asset doesn't hope it will go up? Just explain me this in detail please and then explain the difference with Bitcoin.

When you buy stock, you become owner of a fixed slice of the company's assets.  When the company makes a profit, they either divide that profit among the stockholders (the so-called dividend), or reinvest the profit in more factories, stores, etc., so that each shareholder owns the same percentage of a bigger pie.  If the company goes bankrupt, its assets are sold and the money is divided among the shareholders. If the company gets bought by another company, each shareholders gets a slice of the sale price.  So, the price of a stock is basically determined by what traders think that the company's assets are worth, and how much profit it will make in the future.  That perception often changes for better or worse, hence the price changes.  Some people try to profit from those changes, by buying and selling stock at the right times.  Others just hold stock for a long time, collecting dividends and/or trusting that the company's assets will grow in value.

Bitcoin pays no dividends and has no assets.  When you buy a bitcoin, you buy a plot in an imaginary estate with 21 million plots, whose ownership is recorded in the blockchain.  It is claimed that those plots will be increasingly used as money, so other people will want to buy your bitcoin for that purpose, and pay for it more than what you paid.  That is the only way to profit from bitcoin, whether in the short or in the long term.

[NotLambchop]

I'm still :

Redsn0w thinks we're all like



...but we're all like



Plz continue losing money for our amusement.

[bobboooiie]

I'm still :

I like how enthusiastic you are about bitcoin but seriously, if you are not stupid from 600~ you could see what is happening (miners dumping coins pushing price down) so you could have 2x more coins than you have.

[redsn0w]

Plz continue losing money for our amusement.

I'm not losing nothing , be patient .

I'm still :

I like how enthusiastic you are about bitcoin but seriously, if you are not stupid from 600~ you could see what is happening (miners dumping coins pushing price down) so you could have 2x more coins than you have.

I know what you want to say , but I prefer to hold it 1-2 yers.

[gentlemand]

I'm still :

I like how enthusiastic you are about bitcoin but seriously, if you are not stupid from 600~ you could see what is happening (miners dumping coins pushing price down) so you could have 2x more coins than you have.

Hindsight is a wonderful thing.

[cbeast]

I'm still :

I like how enthusiastic you are about bitcoin but seriously, if you are not stupid from 600~ you could see what is happening (miners dumping coins pushing price down) so you could have 2x more coins than you have.

Hindsight is a wonderful thing.

Lots of Captain Hindsights here.

[hdbuck]

I'm still :

Redsn0w thinks we're all like

http://s27.postimg.org/dsvai0vxv/hodl.gif

...but we're all like

http://s28.postimg.org/79b92yiu5/szabo.jpg

Plz continue losing money for our amusement.

as long as he is not loosing bitcoins..

[spooderman]

2014 = super shit
2015 = slow steady rise out of the swamp
2016 = new highs again, but not done frantically, just gently
end of 2016 = block reward halves, sparks new 5k-10k territory.

Is one possible outcome.....