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

[macsga]

People are always insulting IE because of its speed. They shouldn't be. What is far more shit about it is the terrible security.

It's true, but chrome falls into the same category IMHO. You don't want to store your passwords there, let alone your 2FA for certain bitcoin sites...

[ChartBuddy]

Explanation

[spooderman]

People are always insulting IE because of its speed. They shouldn't be. What is far more shit about it is the terrible security.

It's true, but chrome falls into the same category IMHO. You don't want to store your passwords there, let alone your 2FA for certain bitcoin sites...

<------doesn't use chrome. The fewer google products I can use the better.

[spooderman]

Aw man I think they deleted one of the funnier posts from back around the 10k mark. When someone posted that pic of a bunch of transexuals with the caption "THIS is gentlemen."

I did laugh.

[Newbie1022]

Worst case scenario ensues -- the Coins are dispersed amongst multiple owners increasing the probability of some dumping activity -- and people are interpreting it as uber-bullish. This place never ceases to give me something to laugh about.

[podyx]

Worst case scenario ensues -- the Coins are dispersed amongst multiple owners increasing the probability of some dumping activity -- and people are interpreting it as uber-bullish. This place never ceases to give me something to laugh about.

[Newbie1022]

Worst case scenario ensues -- the Coins are dispersed amongst multiple owners increasing the probability of some dumping activity -- and people are interpreting it as uber-bullish. This place never ceases to give me something to laugh about.

Think about:

Option A: Draper wins them all -- everybody cheers and assumes he paid well over market price that's why he was able to secure all of them;

Option B: Draper wins some of them -- everybody cheers and assumes this only means that not only did Draper bid above market, but so did others... so the price they bid must be infinitely above market (this scenario, I note, is the worst because it places the coins in more hands, more decision points, some of those decision makers might look to arbitrage even if all don't);

Option C: Draper wins none of them -- everybody cheers and assumes that the price is infinity times infinity above market price.


I'm pretty sure what I am describing above is some form of confirmation bias.

[podyx]

Sure but that wasn't my point

You said people were interpreting it as bullish because Draper won some of them when he bid below which isn't true.
People are interpreting it as bullish if Draper in fact did bid above market as the rumours are telling us

[Newbie1022]

Sure but that wasn't my point

You said people were interpreting it as bullish because Draper won some of them when he bid below which isn't true.
People are interpreting it as bullish if Draper in fact did bid above market as the rumours are telling us

Which rumors? Where did they come from? Links? I call bullshit.

He may have paid any number -- maybe well above. He might have also only bid on several blocks. I, frankly, have no idea what the man's bidding strategy was. But, just because CoinableS assumes that Draper paid over market, for instance, does not mean that Draper paid over market.

Or are you referencing Fonzie's troll rumor?

[podyx]

ah, ok, I've just been skimmnig thru the last 6 pages while being tired as fuck so could be wrong/not make any sense atm

Going to sleep now

[coinableS]

just because CoinableS assumes that Draper paid over market, for instance, does not mean that Draper paid over market.

Don't lie!
I never said he paid over market. I only suggested his bid was more than Pantera's.  

[Newbie1022]

ah, ok, I've just been skimmnig thru the last 6 pages while being tired as fuck so could be wrong/not make any sense atm

Going to sleep now

No worries man. Get some rest. Hope you feel better.

[Newbie1022]

Don't lie!
I never said he paid over market. I only suggested his bid was more than Pantera's.  

Sorry man. I just named the first uber-bull I could think of and you said something in the auction details sub-thread that said you assumed Pantera received none because they paid under market which at least seems to suggest that Draper was at or above market.

But seriously, I was just naming the first uber-bull I could think of and mean no disrespect by it.

[solex]

Never question the newses! Here is a classic one:

<snip>

Much of Proudhon's comments from "confirmed sources" have been dismissed by other forum users, but the sense of unknowing shared across the community is hard to ignore."

http://www.ibtimes.co.uk/chinese-new-year-bitcoin-ban-end-days-or-empty-threat-1434495

https://bitcointalk.org/index.php?topic=412280.0

Yeh, I remember that one, Proudhon's 5 minutes of fame lol  

I guess Sydner Ember got hers today !

In fact Proudhon's most famous moment was turning bull at the April 2013 $266 peak after being bearish all the way up. Bitcointalk has not seen a feat of this magnitude since.

Well, if we made it to $266 then maybe I was wrong and the market is growing enough to sustain the growth.

Followed by a mass sell off by all.

https://bitcointalk.org/index.php?topic=172930.msg1799610#msg1799610

[coinableS]

But seriously, I was just naming the first uber-bull I could think of and mean no disrespect by it.

TBH I am pretty uber bull when it comes to long term. Short term I day trade and I'd lose a lot of money if I was always bull. 

[ChartBuddy]

Explanation

[Newbie1022]

But seriously, I was just naming the first uber-bull I could think of and mean no disrespect by it.

TBH I am pretty uber bull when it comes to long term. Short term I day trade and I'd lose a lot of money if I was always bull. 

Oh... sorry for assuming, man.

[canary]

So for 2 weeks everybody waited for the auction to end.

It ended. Now what?
Nothing?

How many more times is this nonsense gonna happen?

Are other markets also this retarded? I find that hard to believe.

It was just an expectation and it comes to nothing, that's it. Now it's show time for dumping manipulators...

There is nothing to dump right now guys, don't buy those fake news!

[phoenix1]

Worst case scenario ensues -- the Coins are dispersed amongst multiple owners increasing the probability of some dumping activity -- and people are interpreting it as uber-bullish. This place never ceases to give me something to laugh about.

I don't know about this being worst case scenario, but LMAO it was pretty much as you predicted. "Draper only got 2k OMG bullish as fuck, buy all the coins" lol
No idea what happens next, but that sure was funny

Seems like I owe Ms Ember an apology  ... sorry   ... she has now published an article quoting Draper, and it appears to be true that he only got 2k

http://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?module=ArrowsNav&contentCollection=Business%20Day&action=keypress&region=FixedLeft&pgtype=Blogs

“I will have to buy some more Bitcoin on the open market to fulfill my commitment to the new batch of Boost companies,” Mr. Draper said in an email

Good that he wants to buy more, but clearly he will do it over time. And what his bids were is unknown ...
Why he buy more already at lower prices, who knows ??

Not so great when it gives the number of participants in the syndicates. That Silbert's numbers sounded great at the time, but compared to the last round ... meh.

SecondMarket said its syndicate received 104 bids from eight bidders, significantly fewer than the 186 bids from 42 bidders in the first auction. Likewise, Dan Morehead, the founder of Pantera Capital, said fewer investors participated in his syndicate this time, though he declined to give any figures

[hdbuck]

hey shroomsy: https://www.youtube.com/watch?v=tw7luJ4D1MU#t=22