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

[macsga]

@macsga

Isn't that quote goes more like: "Gold is money and nothing else."?

Regarding it's creation and distribution concept and of course the way of "mining" it, BTC is as close as possible to a non-materialistic gold, so to speak. And yes; "gold is money and nothing else" is more or less the same thing. But there's also a "something else" that forms a far better alternative nowadays.

[ChartBuddy]

Explanation

[janos666]

@macsga

Isn't that quote goes more like: "Gold is money and nothing else."?

Regarding it's creation and distribution concept and of course the way of "mining" it, BTC is as close as possible to a non-materialistic gold, so to speak. And yes; "gold is money and nothing else" is more or less the same thing. But there's also a "something else" that forms a far better alternative nowadays.

I talked about the quote on your picture above.



I looked it up and realized that I also misquoted him. This seems to be the original: "Money is gold, and nothing else."
The argument that Bitcoin is kind of "a gold" is an entirely different debate.

[ChartBuddy]

Explanation

[noobtrader]

rally wow 

[bitebits]

rally wow 

Seems like the price will be nicely kept into the 350$ area, likely till the auction ends on the first of December.
The dumping of a few 100 coins as soon as it hits 360$ is almost too obvious.

[r0ach]

Seems like the price will be nicely kept into the 350$ area, likely till the auction ends on the first of December.
The dumping of a few 100 coins as soon as it hits 360$ is almost too obvious.

The r0achanomics spread shows $350 as the short term equilibrium price:

https://bitcointalk.org/index.php?topic=837260.0

[noobtrader]

Seems like the price will be nicely kept into the 350$ area, likely till the auction ends on the first of December.
The dumping of a few 100 coins as soon as it hits 360$ is almost too obvious.

The r0achanomics spread shows $350 as the short term equilibrium price:

https://bitcointalk.org/index.php?topic=837260.0

sure go back to 340 pls and make me profit for today tehehehehee

[ChartBuddy]

Explanation

[redsn0w]

20 pages  to reach 10k pages , and the price is still dropping.

[JorgeStolfi]

BitVC removes the "20x leverage season contract" option, leaves only 10x, 5x:
http://www.bitell.com/t/2153

Could this be the cause of the recent 5$ jump?

[heartastack]

BitVC removes the "20x leverage season contract" option, leaves only 10x, 5x:
http://www.bitell.com/t/2153

Could this be the cause of the recent 5$ jump?

Did that include ability to go leveraged short 20x ?

[Tzupy]

If the market will stay into oversold zone, it's possible to drop below 340$ tomorrow.

Market slowly moving above oversold, but could still drop again. I'm waiting for 12h PSAR flip as indicator of short-term trend reversal.

[ChartBuddy]

Explanation

[ejinte]

The market will not move much until the 50000 FBI coins have been sold.

then it will go up just like the last time when it was 30000 for sale

[redsn0w]

The market will not move much until the 50000 FBI coins have been sold.

then it will go up just like the last time when it was 30000 for sale

No , these coin will be sold out the exchange .. so the price will not be affected "too much".

[marvinrouge]

The market will not move much until the 50000 FBI coins have been sold.

then it will go up just like the last time when it was 30000 for sale

No , these coin will be sold out the exchange .. so the price will not be affected "too much".

If we learn the coins have been sold 50% more than the value of the exchanges, it WILL go up. BIG.

1) Tim Draper wants this coins. It's his way to acquire lot of coins without moving the market and beyond that, his plan of communication (if people learn Tim Draper bought all the coins for the second time, every one will remeber the name of his exchange and take him seriously)... How much costs a full campaign of communication for the same result ?

2) The others participants, at the first auction, didn't know what to expect, they tried to get a discount. Now they know that the battle will be hard to obtain the coins and if they really want them, they'll have to pay a serious price.

3) The price has declined during a whole year. During this time, bitcoin has been taken seriously by the banks/governements, infrastructure has been built. So the end of the decline may be soon. During the last bounce, we saw that everyone is ready to get in and has his mouse above the "buy" button. At each possible start of a new trend, everyone wants to buy. If big players enter during a rise, they'll have to pay minimum the double of the actual price. And they can't get in right now without moving the market. The interest of the big players is to enter now off exchange, no matter what price they pay.

Conclusion : Maybe the price will fall sort term, but the auction of the coins may be the initiating event of the next bubble

[ChartBuddy]

Explanation

[redsn0w]

The market will not move much until the 50000 FBI coins have been sold.

then it will go up just like the last time when it was 30000 for sale

No , these coin will be sold out the exchange .. so the price will not be affected "too much".

If we learn the coins have been sold 50% more than the value of the exchanges, it WILL go up. BIG.

1) Tim Draper wants this coins. It's his way to acquire lot of coins without moving the market and beyond that, his plan of communication (if people learn Tim Draper bought all the coins for the second time, every one will remeber the name of his exchange and take him seriously)... How much costs a full campaign of communication for the same result ?

2) The others participants, at the first auction, didn't know what to expect, they tried to get a discount. Now they know that the battle will be hard to obtain the coins and if they really want them, they'll have to pay a serious price.

3) The price has declined during a whole year. During this time, bitcoin has been taken seriously by the banks/governements, infrastructure has been built. So the end of the decline may be soon. During the last bounce, we saw that everyone is ready to get in and has his mouse above the "buy" button. At each possible start of a new trend, everyone wants to buy. If big players enter during a rise, they'll have to pay minimum the double of the actual price. And they can't get in right now without moving the market. The interest of the big players is to enter now off exchange, no matter what price they pay.

Conclusion : Maybe the price will fall sort term, but the auction of the coins may be the initiating event of the next bubble

Maybe you're right  , very great theory  .

[galdur]

Nice. Up 3.3%/24 hrs.