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

[LFC_Bitcoin]

Got a feeling we are going to dive bomb tomorrow

[podyx]

Looks like it's a wrap

I guess that's that.

[adamstgBit]

[Newbie1022]

63 bids last time... 27 bids this time. Bearish. Very Bearish. But, in a speculative way. We really don't know much but you trade the rumor. Super bearish. And yes, I have a short. And no, I don't care about talking my book because the guys who really move the market aren't trolling around Bitcointalk's speculation forum.

Can't wait until this kid gets squeezed again. rofl

First, that's a very unfortunate sentiment. It's fine to hope for your position even if your position is adverse to somebody else's. It's an entirely different thing to hope for somebody to get margin called -- that's really unfortunate.

Anyhow, I set a stop at $376 to lock in a portion of the gain -- if the trade gets broken up on normal volatility that's ok. I am very aware that the market could swing rather quickly in either direction with such a closely watched event.

So, I guess you'll have to be disappointed.

[Fatman3001]

I am struggling to find anything sensible in this thread about anything. Does anyone here really think someone would buy the auctioned coins just to crash the bitcoin market? Do you really think these coins are going to be bought by the low ballers rather than the investors who wants to go long big? It's not even any FUD left here. It's like a sowing club. The only reason I see for any movement before monday is that adamstgBit is let out of his cage.

[Newbie1022]

I am struggling to find anything sensible in this thread about anything. Does anyone here really think someone would buy the auctioned coins just to crash the bitcoin market? Do you really think these coins are going to be bought by the low ballers rather than the investors who wants to go long big? It's not even any FUD left here. It's like a sowing club. The only reason I see for any movement before monday is that adamstgBit is let out of his cage.

Do I think they sold at under market? Yes
Do I think they sold at much under market? No (within $50, probably)
Do I think they will be dumped immediately? No -- let the market chill and move around then the cultists will go in guns blazing and then you dump at a profit (unless you are planning on holding long, long term)

Basically

[NotLambchop]

... It's like a sowing club...

[ShroomsKit]

I see the traders are acting like the usual morons again.

Bitcoin traders are some of the dumbest people on the internet.

[adamstgBit]

I am struggling to find anything sensible in this thread about anything. Does anyone here really think someone would buy the auctioned coins just to crash the bitcoin market? Do you really think these coins are going to be bought by the low ballers rather than the investors who wants to go long big? It's not even any FUD left here. It's like a sowing club. The only reason I see for any movement before monday is that adamstgBit is let out of his cage.

Do I think they sold at under market? Yes
Do I think they sold at much under market? No (within $50, probably)
Do I think they will be dumped immediately? No -- let the market chill and move around then the cultists will go in guns blazing and then you dump at a profit (unless you are planning on holding long, long term)

Basically

this is reasonable speculation. i think so too.

and maybe someone feels confident that his low ball bid is going to be a winner so he is happily locking in some profits now.

[adamstgBit]

I see the traders are acting like the usual morons again.

Bitcoin traders are some of the dumbest people on the internet.

[Newbie1022]

I see the traders are acting like the usual morons again.

Bitcoin traders are some of the dumbest people on the internet.

Bahahahahahahahahahahaha!!!!

[Fatman3001]

I am struggling to find anything sensible in this thread about anything. Does anyone here really think someone would buy the auctioned coins just to crash the bitcoin market? Do you really think these coins are going to be bought by the low ballers rather than the investors who wants to go long big? It's not even any FUD left here. It's like a sowing club. The only reason I see for any movement before monday is that adamstgBit is let out of his cage.

Do I think they sold at under market? Yes
Do I think they sold at much under market? No (within $50, probably)
Do I think they will be dumped immediately? No -- let the market chill and move around then the cultists will go in guns blazing and then you dump at a profit (unless you are planning on holding long, long term)

Basically

Why would they sell under market? Institutional investors pay a premium elsewhere to avoid upsetting the market. And why wouldn't any of them want to pick up some coins afterwards if they lose the auction? The price is pretty low, it is very likely going to be substantially higher when the next auction is held. I understand that a twerp who shorted 50 coins would try to influence the mood, but aren't there anyone who would care to share some words that have actually been brain-processed?

[Fatman3001]

I am struggling to find anything sensible in this thread about anything. Does anyone here really think someone would buy the auctioned coins just to crash the bitcoin market? Do you really think these coins are going to be bought by the low ballers rather than the investors who wants to go long big? It's not even any FUD left here. It's like a sowing club. The only reason I see for any movement before monday is that adamstgBit is let out of his cage.

Do I think they sold at under market? Yes
Do I think they sold at much under market? No (within $50, probably)
Do I think they will be dumped immediately? No -- let the market chill and move around then the cultists will go in guns blazing and then you dump at a profit (unless you are planning on holding long, long term)

Basically

this is reasonable speculation. i think so too.

and maybe someone feels confident that his low ball bid is going to be a winner so he is happily locking in some profits now.

ie. Adam is going to dump the shit out of us all during the weekend.

[ChartBuddy]

Explanation

[billyjoeallen]

I am struggling to find anything sensible in this thread about anything. Does anyone here really think someone would buy the auctioned coins just to crash the bitcoin market? Do you really think these coins are going to be bought by the low ballers rather than the investors who wants to go long big? It's not even any FUD left here. It's like a sowing club. The only reason I see for any movement before monday is that adamstgBit is let out of his cage.

They wouldn't be trying to crash the market. They would be selling at a profit while there is still enough resistance to dump without much slippage. There's no point in owning bitcoin if you don't eventually sell them or trade them for something. if there are more than one winning bidders with this strategy, then there will be a race to see who can dump first.

[gotmilk_]

http://www.bloomberg.com/news/2014-12-04/bitcoins-seized-from-silk-road-offered-in-second-auction.html

“My guess is that we’ll have fewer bidders this time around because they know they won’t get any bitcoins at a significant discount,” Moro said. “What you are left with are the more serious folks.”

Here is the answer  

[Fatman3001]

I am struggling to find anything sensible in this thread about anything. Does anyone here really think someone would buy the auctioned coins just to crash the bitcoin market? Do you really think these coins are going to be bought by the low ballers rather than the investors who wants to go long big? It's not even any FUD left here. It's like a sowing club. The only reason I see for any movement before monday is that adamstgBit is let out of his cage.

They wouldn't be trying to crash the market. They would be selling at a profit while there is still enough resistance to dump without much slippage. There's no point in owning bitcoin if you don't eventually sell them or trade them for something. if there are more than one winning bidders with this strategy, then there will be a race to see who can dump first.

WHAT!?!?

How did these people ever make any money in the first place?

Buy bitcoins at $10?!?!?!???

[Fatman3001]

http://www.bloomberg.com/news/2014-12-04/bitcoins-seized-from-silk-road-offered-in-second-auction.html

“My guess is that we’ll have fewer bidders this time around because they know they won’t get any bitcoins at a significant discount,” Moro said. “What you are left with are the more serious folks.”

Here is the answer  

I just got milk, lactose free.

[podyx]

http://www.bloomberg.com/news/2014-12-04/bitcoins-seized-from-silk-road-offered-in-second-auction.html

“My guess is that we’ll have fewer bidders this time around because they know they won’t get any bitcoins at a significant discount,” Moro said. “What you are left with are the more serious folks.”

Here is the answer  

[grappa_barricata]

chinese traders are awake... brace yourself

hi adam, my favorite canadian!