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

[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!

[billyjoeallen]

China's waking up and the Panda Bear is taking a dump.

[dreamspark]

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

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

[podyx]

If we are in fact entering a bull market soon, this could be a great buying opportunity.

Looks like we might be bouncing of off this line again, hopefully

[spooderman]

TA is such a croc of shit.

[Fatman3001]

ooooh... the price moves through a random line, that means something significant is going to happen..... oh, nothing happened, well that means it is going to go through another random line and something even more significant is going to happen..... oh, that didn't happen either, so you see this other line here ...blablablabla.... oh, that didn't happen.......blablablabla......[a month later]....YOU SEE!! YOU SEE!!! The price dropped by $20, I'm like Nostradamus! Well that means that we are going to hit this line here.......................

[billyjoeallen]

2280 breach on HooBoy. Bulls gettin' monkey-hammered. Let the panic, butthurt and recriminations commence! Makin' $$$$$$$$

[podyx]

I have no clue where we'll go from here :S

[ChartBuddy]

Explanation

[Newbie1022]

I have no clue where we'll go from here :S

Probably down, but probably not far and probably not long. We're only down about 10 to 15 on the day... we are still trading in a pretty narrow range and the situation seems, at least for the moment, to be under control.

We'll see what the morning brings us.

[billyjoeallen]

I have no clue where we'll go from here :S

Probably down, but probably not far and probably not long. We're only down about 10 to 15 on the day... we are still trading in a pretty narrow range and the situation seems, at least for the moment, to be under control.

We'll see what the morning brings us.

We're down 2.74% in the last 24 hrs. That's money you could have saved and more coins you could buy if you saw the obvious dumps coming. At least I learn from my past mistakes. Some people never do.

[Newbie1022]

I have no clue where we'll go from here :S

Probably down, but probably not far and probably not long. We're only down about 10 to 15 on the day... we are still trading in a pretty narrow range and the situation seems, at least for the moment, to be under control.

We'll see what the morning brings us.

We're down 2.74% in the last 24 hrs. That's money you could have saved and more coins you could buy if you saw the obvious dumps coming. At least I learn from my past mistakes. Some people never do.

Dude, I'm riding a short right now as well. This wasn't like the last auction where everybody was fired up and ready to go. No, this was a more sober bidding exercise. I don't think that they bid nightmarishly low or anything, but they had to know simply based on the number of bidders and the bids that the market would drop -- resultantly, they'd have no incentive to bid over market when they can go out on the market and get the cheaper the next day.

So, we have a little bit to drop. I still don't think the floor is going to fall out, though. There's too much resistance.

[BlindMayorBitcorn]

I have no clue where we'll go from here :S

Probably down, but probably not far and probably not long. We're only down about 10 to 15 on the day... we are still trading in a pretty narrow range and the situation seems, at least for the moment, to be under control.

We'll see what the morning brings us.

We're down 2.74% in the last 24 hrs. That's money you could have saved and more coins you could buy if you saw the obvious dumps coming. At least I learn from my past mistakes. Some people never do.

Meh. Wake me up at $260

[noobtrader]

wow price dumped  

back to the  fair price

[BlindMayorBitcorn]

wow price dumped  

back to the  fair price

Fair price? Think lower, bro

[jonoiv]

I have no clue where we'll go from here :S

Probably down, but probably not far and probably not long. We're only down about 10 to 15 on the day... we are still trading in a pretty narrow range and the situation seems, at least for the moment, to be under control.

We'll see what the morning brings us.

We're down 2.74% in the last 24 hrs. That's money you could have saved and more coins you could buy if you saw the obvious dumps coming. At least I learn from my past mistakes. Some people never do.

You have an excellent opportunity to close your shorts.

[empowering]

I have no clue where we'll go from here :S

Probably down, but probably not far and probably not long. We're only down about 10 to 15 on the day... we are still trading in a pretty narrow range and the situation seems, at least for the moment, to be under control.

We'll see what the morning brings us.

We're down 2.74% in the last 24 hrs. That's money you could have saved and more coins you could buy if you saw the obvious dumps coming. At least I learn from my past mistakes. Some people never do.

Dude, I'm riding a short right now as well. This wasn't like the last auction where everybody was fired up and ready to go. No, this was a more sober bidding exercise. I don't think that they bid nightmarishly low or anything, but they had to know simply based on the number of bidders and the bids that the market would drop -- resultantly, they'd have no incentive to bid over market when they can go out on the market and get the cheaper the next day.

So, we have a little bit to drop. I still don't think the floor is going to fall out, though. There's too much resistance.

So how did they know in advance the amount of bids and bidders before the auction then?

And don't you mean support?