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

[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 )

[findftp]

... 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.

Well, gubermint could do it a lot more easier.

1. Tax people.
2. Print some fiat.
3. Buy some shit.
4. Let other people fight for leftovers.
5. GOTO 1.


Damn it, they already work this way.

[AmazonStuff]

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?

They can say whatever they want, I'm here not to listen to them

[dakota neat]

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

No.

Well, someone has 20k coins but wants to have 50k. So he is selling 20k just before the auction and is buying 50k at lower prices because of the lower rates at the exchanges.  

[LFC_Bitcoin]

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

No.

Well, someone has 20k coins but wants to have 50k. So he is selling 20k just before the auction and is buying 50k at lower prices because of the lower rates at the exchanges.  

[/b]

Clever tbf

[NotLambchop]

...
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.

Yeah, everyone's just dying to get at your precious BTCeanie BTCabies Bitcoin

[billyjoeallen]

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.

Weren't you going x20 short like a week ago? What has changed?

I'm only slightly short, looking for a good place to short some more. Of course if you count the coins I have in cold storage, I'm always long- but that's the difference between a trading position and an investment.

[octaft]

Fucking broken logic, did a woman done came up with this?

So tell me, is it sexual frustration or financial frustration that makes you say sexist shit?

Fake edit: Probably both.

[lyth0s]

I finally did it, I Ignored NotLambchop. Damn that feels good, breath of fresh air for sure.


NotLambchop


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[dreamspark]

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.

Volume's tapered off as people wait for the auction to pass. Completely expected.

LOL, okay Citi says the coins are going to go for a steep discount, must sell all my coins, after all they are bitcoin experts    Everyone says f**k the banks they're slime balls only out for profit and their own means and then pays attention to things that they say, tis funny. Market price is discount, where else can you buy 1000's of coins with no slippage, without having to send millions to an exchange in the middle of nowhere...

[gkv9]

...
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.

Yeah, everyone's just dying to get at your precious BTCeanie BTCabies Bitcoin

Yes, everyone including you and me... Because everyone's doing anything to get to some goal of getting n number of coins per day anyhow....

[podyx]

Fucking broken logic, did a woman done came up with this?

So tell me, is it sexual frustration or financial frustration that makes you say sexist shit?

Fake edit: Probably both.

It was a joke

Relax kid!

[NotLambchop]

To the uneducable few who are stubbornly holding the bag:

I won't abandon you, gentlemen, in your dark hour of need.
I feel somehow responsible for you hapless but loveable finance enthusiasts.
Rest assured, your meals shall be taken care of when you finally [and inevitably] end up in the gutter.

Quick question:  I'm personally preparing Humble Pie Crow Surprise for your first [and only] course, am I doin' it right?

[ChartBuddy]

Explanation

[coinableS]

LOL, okay Citi says the coins are going to go for a steep discount, must sell all my coins, after all they are bitcoin experts   

Which thought is correct?

(a) They should go for somewhat of a discount because it's an auction, and they are buying in bulk.
OR
(b) They should go for a bit over the current price because one couldn't simply buy that large amount of coins regularly without causing major slippage.

[octaft]

Fucking broken logic, did a woman done came up with this?

So tell me, is it sexual frustration or financial frustration that makes you say sexist shit?

Fake edit: Probably both.

It was a joke

Relax kid!

But aren't jokes supposed to be funny?

[fonsie]

IT'S HAPPENING!!!!!!!!!!!!!!