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

[Bagatell]

Have you tried the 1m view podyx?

[dakota neat]

Do you guys really don't know why the price is dropping right before the auction?

[Bagatell]

Do you guys really don't know why the price is dropping right before the auction?

No.

[ChartBuddy]

Explanation

[Omikifuse]

Do you guys really don't know why the price is dropping right before the auction?

Because there are enough people to sell at lower prices than before.

And it is less $10, don't understand why all the drama over it

[Tzupy]

Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/

[podyx]

Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/

Their argument is that it's now $380 instead of $640??

Right, that's just fucking great logic.
If anything that will trigger more players to bid higher then the market price now when they got a chance to get it cheap.
Fucking broken logic, did a woman done came up with this?

About the other 90k coins, we don't know what time these will go off on auction and the price could EASILY be more then $400 at that time

[BlindMayorBitcorn]

Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/

Their argument is that it's now $380 instead of $640??

Right, that's just fucking great logic.
If anything that will trigger more players to bid higher then the market price now when they got a chance to get it cheap.
Fucking broken logic, did a woman done came up with this?

About the other 90k coins, we don't know what time these will go off on auction and the price could EASILY be more then $400 at that time

Teh Bitcoin has been pumping all week in preparation for this auction. The bit powers that be don't want them auction coins going too cheap. This is my theory

[billyjoeallen]

Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/

Their argument is that it's now $380 instead of $640??

Right, that's just fucking great logic.
If anything that will trigger more players to bid higher then the market price now when they got a chance to get it cheap.
Fucking broken logic, did a woman done came up with this?

About the other 90k coins, we don't know what time these will go off on auction and the price could EASILY be more then $400 at that time

Teh Bitcoin has been pumping all week in preparation for this auction. The bit powers that be don't want them auction coins going too cheap. This is my theory

Volume tells the story. Price was drifting higher all week and may continue to do so, but without much enthusiasm. Volume has been tapering off. I'll consider myself lucky to get in a short position near $390 before the buying stops entirely. I'm happy the gov won't get much for their stolen coins.

[BlindMayorBitcorn]

Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/

Their argument is that it's now $380 instead of $640??

Right, that's just fucking great logic.
If anything that will trigger more players to bid higher then the market price now when they got a chance to get it cheap.
Fucking broken logic, did a woman done came up with this?

About the other 90k coins, we don't know what time these will go off on auction and the price could EASILY be more then $400 at that time

Teh Bitcoin has been pumping all week in preparation for this auction. The bit powers that be don't want them auction coins going too cheap. This is my theory

Volume tells the story. Price was drifting higher all week and may continue to do so, but without much enthusiasm. Volume has been tapering off. I'll consider myself lucky to get in a short position near $390 before the buying stops entirely. I'm happy the gov won't get much for their stolen coins.

...and there's the silver lining I guess

[podyx]

Volume tells the story. Price was drifting higher all week and may continue to do so, but without much enthusiasm. Volume has been tapering off. I'll consider myself lucky to get in a short position near $390 before the buying stops entirely. I'm happy the gov won't get much for their stolen coins.

You opened a short at $390?

What the fuck has happend? Why have you gone insane? Was it the fact that you missed that $475 sell or whatever it was?
I swear to god everybody who's losing significant potential winnings are fucking losing it, becoming poison... I pray to god I'll not be one of those.

[ChartBuddy]

Explanation

[jaberwock]

Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/

Means there is a chance of the coins going to be dumped on exchanges at sight?

Or just manipulation to scare people and lower the price?

[NotLambchop]

... I'm happy the gov won't get much for their stolen coins.

Not this time, but the model is scalable & sustainable.

1. You spend coin on CloneRoad.
2. Gubermint "steals" coin.
3. Sells it back 2 U.
4. PROFIT.
5. GOTO 1.

*Good morning, gentlemen.

[lyth0s]

Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/

Means there is a chance of the coins going to be dumped on exchanges at sight?

Or just manipulation to scare people and lower the price?

I have a funny feeling Citi and the other "prospective bidders" are selling the story of bidding on the coins at a great discount in order to get the other bidder to low-ball the bid so they can get their coins at or just under market price.

No bidder would willingly show their hand, seems like a classic poker bluff to me.

[BlindMayorBitcorn]

Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/

Means there is a chance of the coins going to be dumped on exchanges at sight?

Or just manipulation to scare people and lower the price?

I have a funny feeling Citi and the other "prospective bidders" are selling the story of bidding on the coins at a great discount in order to get the other bidder to low-ball the bid so they can get their coins at or just under market price.

No bidder would willingly show their hand, seems like a classic poker bluff to me.

Citi is not an auction participant AFAIK

[findftp]

Do you guys really don't know why the price is dropping right before the auction?

I think it is comparable with Browns Bottom

Large entities pushing the price down to buy some more at cheap prices.
Afterwards prices will go moon and they sell.
It's easy. Just go short and buy back at January 5th

[BlindMayorBitcorn]

Do you guys really don't know why the price is dropping right before the auction?

I think it is comparable with Browns Bottom

Large entities pushing the price down to buy some more at cheap prices.
Afterwards prices will go moon and they sell.
It's easy. Just go short and buy back at January 5th

$208 is a dire prediction   I was hoping $266ish

[silverfuture]

Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/

Means there is a chance of the coins going to be dumped on exchanges at sight?

Or just manipulation to scare people and lower the price?

I have a funny feeling Citi and the other "prospective bidders" are selling the story of bidding on the coins at a great discount in order to get the other bidder to low-ball the bid so they can get their coins at or just under market price.

No bidder would willingly show their hand, seems like a classic poker bluff to me.

Citi is not an auction participant AFAIK

I have no idea why Citi would have anything to say on this action at all. Why are they voicing an opinion?

[hdbuck]

Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/

Means there is a chance of the coins going to be dumped on exchanges at sight?

Or just manipulation to scare people and lower the price?

I have a funny feeling Citi and the other "prospective bidders" are selling the story of bidding on the coins at a great discount in order to get the other bidder to low-ball the bid so they can get their coins at or just under market price.

No bidder would willingly show their hand, seems like a classic poker bluff to me.

its amazing tho how coindesk has willingly contributed to so much FUD this year, getting payed spreading nonsens and selling outright scams.
seriously who still buys all their crap? (besides those who actually pay for their shill articles )