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

[JimboToronto]

Dood, seriously, don't quote the troll. He can't even understand basic Ingliz!!!

Actually, English language skills aren't her weak suit. Logic is.

I agree though that people should just stop quoting this dingbat.

Things seem much less confused around here since I finally put her on ignore. We don't need to be reminded with quotations of her scatterbrained ineptitude.

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[dreamspark]

Bidding closed for US Marshals #Bitcoin auction.  Pantera placed bids below the market.  Results out tomorrow by 2pm PST.  Probably earlier.


https://twitter.com/dan_pantera/status/540669052797341696

I wonder why they would tweet this. If Pantera does get the bitcoins, this tweet would hurt them. The bitcoin price is likely to take a dive as a panic reaction.

Why do I have the feeling that the next tweet is going to be: "Pantera did not get any coins". You can guess the outcome.

True but at least Pantera aren't going to dump it on the market. The biggest worry for everyone is an unknown winning a lot of or all of the coins. If a group such as Pantera won even if they say they paid lower than market price the market is unlikely to have too much of an adverse reaction.

[Davyd05]

Bidding closed for US Marshals #Bitcoin auction.  Pantera placed bids below the market.  Results out tomorrow by 2pm PST.  Probably earlier.


https://twitter.com/dan_pantera/status/540669052797341696

I wonder why they would tweet this. If Pantera does get the bitcoins, this tweet would hurt them. The bitcoin price is likely to take a dive as a panic reaction.

Why do I have the feeling that the next tweet is going to be: "Pantera did not get any coins". You can guess the outcome.

Auctions IMO generally end under a common market price, the fact we have large institutional investors bidding over each other to hodl bitcoins amazes me, that and anyone who thinks this would be bearish.

[LOBSTER]

http://www.coindesk.com/us-marshals-bidder-turnout-second-bitcoin-auction-declines-sharply/

Do you think that this will have an impact on the Bitcoin price?

[NotLambchop]

Nice performance there Lamby

https://www.youtube.com/watch?v=as8GLbVx5CA

grampa #2, you have me on ignore. Forgot again?
Isn't there some steeply discounted genuine cubic zirconia bolo ties you are missing out on?
Or did your cable get cut because you blew all your money on BTCeanie BTCabies Bitcoin?

[Newbie1022]

Switching position to long (for a very short period of time) on pre-announcement delusions. Really should have trusted my instincts about pre-announcement delusions and insane attempts to extrapolate from meaningless statistics provided by Barry Silbert as to what was actually bid (note: Silbert's group underbid the market by about $200 last time). Oh well, if you can't beat the crazy, might as well join it for a while.

[hdbuck]

http://www.coindesk.com/us-marshals-bidder-turnout-second-bitcoin-auction-declines-sharply/

Do you think that this will have an impact on the Bitcoin price?

STFU

[NotLambchop]

.@Newbie1022:  Careful you don't turn into a pig, bouncing between bear and bull like that

[Newbie1022]

I seriously think we are going to jump up 20 to 30 right before somebody announces they are the winner before either swinging up more if dopey Draper wins or collapsing to the ground in a panic that induces margin calls if the coins are split between several bidders. Time for some wild volatility swings!!

[Newbie1022]

.@Newbie1022:  Careful you don't turn into a pig, bouncing between bear and bull like that

Thanks for the thought... I had the same one... but the delusions are in full force on, here, and the longs on BFX are approaching bubble territory again (nearly $25 million). Then again, I am playing the greater fool game on the greater fool game, aren't I?

Anyhow, I have some narrow double shorts in place (not only to close but to switch) so I should be able to ride a spike a heavy downdraft... if it swings in both directions very quickly I'm screwed... but if the volatility runs in one direction for at least a 20 to 30 minute window I should be able to capture some volatility based gains.

I just don't feel like fighting the tide. Even though I know the tide is misguided.

[Tzupy]

A bearish analysis similar to mine on tradingview:
https://www.tradingview.com/v/BuUgWFHb/

[hdbuck]

A bearish analysis similar to mine on tradingview:
https://www.tradingview.com/v/BuUgWFHb/

If its bearish, its not an analysis.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

A bearish analysis similar to mine on tradingview:
https://www.tradingview.com/v/BuUgWFHb/

If its bearish, its not an analysis.

Not that he's got a 'bearish' agenda (avatar & sig).

[NotLambchop]

Dood, seriously, don't quote the troll. He can't even understand basic Ingliz!!!

Actually, English language skills aren't her weak suit. Logic is.

I agree though that people should just stop quoting this dingbat.

Things seem much less confused around here since I finally put her on ignore. We don't need to be reminded with quotations of her scatterbrained ineptitude.

Note date:

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

Take the right meds, or it's back to The Home for you, grampa #1

[NotLambchop]

.@Newbie1022:  Careful you don't turn into a pig, bouncing between bear and bull like that

Thanks for the thought... I had the same one... but the delusions are in full force on, here, and the longs on BFX are approaching bubble territory again (nearly $25 million). Then again, I am playing the greater fool game on the greater fool game, aren't I?

Anyhow, I have some narrow double shorts in place (not only to close but to switch) so I should be able to ride a spike a heavy downdraft... if it swings in both directions very quickly I'm screwed... but if the volatility runs in one direction for at least a 20 to 30 minute window I should be able to capture some volatility based gains.

I just don't feel like fighting the tide. Even though I know the tide is misguided.

Good luck, just hope you're not judging the sentiment by posts in this forum.  Most of the "to da moon!" folks have spent their munyz a long time ago, because permabulls. They have nothing to buy with--they never sell.  Now they're just cheering on their bags holdings.

[LFC_Bitcoin]

Strange that the impending auction results have done literally nothing meaningful to the price.

[hdbuck]

Strange that the impending auction results have done literally nothing meaningful to the price.

What auction?

[madmat]

Strange that the impending auction results have done literally nothing meaningful to the price.

What auction?

What results ?

[noobtrader]

Strange that the impending auction results have done literally nothing meaningful to the price.

ppl still wait and see,  but this is ok reaction. even bear are getting afraid to dump this time.