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

[DaRude]

Wall Street Journal:

"Tim Draper: I am pretty impressed that my bids that were 15% above the current market weren´t successful. However i am going to market buy those 50k on BTC-E, like NOW!"

http://online.wsj.com/articles/tim-draper-dissapointed-that-he-lost-the-second-auction-1417471759

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.

[fonzie]

Wall Street Journal:

"Tim Draper: I am pretty impressed that my bids that were 15% above the current market weren´t successful. However i am going to market buy those 50k on BTC-E, like NOW!"

http://online.wsj.com/articles/tim-draper-dissapointed-that-he-lost-the-second-auction-1417471759

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.

 

Thanks for the confirmation!

[criptix]

Wall Street Journal:

"Tim Draper: I am pretty impressed that my bids that were 15% above the current market weren´t successful. However i am going to market buy those 50k on BTC-E, like NOW!"

http://online.wsj.com/articles/tim-draper-dissapointed-that-he-lost-the-second-auction-1417471759

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.

 

Thanks for the confirmation!

u sucker, i nearly sold all my bitcoins because of you!!!

[phoenix1]

Quick, buy all the coins, lets get this thing going again  

[grappa_barricata]

beware the fud is strong today

[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.

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

Hehehe... yes, I've had a good laugh this evening. The news about Draper wanting to buy more is a positive signal, indeed, but a soft one. I wonder how many Boost companies there are -- he planned on distributing 300 BTCs to each. If there are say, 100 Boost companies, then this suddenly becomes a very bullish statement. If there are, say 10 Boost companies -- not so much.

As for saying it is the worst case -- the worst out of three broader options: (A) All Draper; (B) Mixed amongst investors; and (C) All purchased by a single buyer other than Draper. The scatter means the market is exposed to more motivations and, assuming that at least some bought below market price, a prisoner's dilemma encouraging winners to engage in arbitrage before the others do (unless they are focused hard on the long-term).

[criptix]

https://twitter.com/barrysilbert/status/540865242801405952

Bids received - 104
BTC quantity bid - 124,127

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

SecondMarket said its syndicate received 104 bids from eight bidders

if this is true we have 8 bidders that did 104 bids for a total of 124,127 BTC and that only from secondmarket


not bullish as fuck yeah?

[Newbie1022]

There are 20-30 Boost companies, they plan on giving them each 300 BTC. So, Draper would need to go into the market and, over time, accumulate another 4,000 to 7,000 BTCs unless he dug into his own stash (if that stash exists, still).

Certainly not a bearish point. Spread over time it is a small point, though. I think it was a PR play to make Bitcoiners look up who the Boost companies were and how many there were.

https://www.cryptocoinsnews.com/adam-drapers-boost-vc-focuses-bitcoin-fund-20-30-new-bitcoin-companies/

Other way of calculating -- if you go straight through Boost VC, it looks like there are only 12 Boost companies, presently. However, the article above states 20-30 so I'll use that as the baseline.

[phoenix1]

Hehehe... yes, I've had a good laugh this evening. The news about Draper wanting to buy more is a positive signal, indeed, but a soft one. I wonder how many Boost companies there are -- he planned on distributing 300 BTCs to each. If there are say, 100 Boost companies, then this suddenly becomes a very bullish statement. If there are, say 10 Boost companies -- not so much.

As for saying it is the worst case -- the worst out of three broader options: (A) All Draper; (B) Mixed amongst investors; and (C) All purchased by a single buyer other than Draper. The scatter means the market is exposed to more motivations and, assuming that at least some bought below market price, a prisoner's dilemma encouraging winners to engage in arbitrage before the others do (unless they are focused hard on the long-term).

Boost ...

https://www.boost.vc/about

Boost VC is the Bitcoin accelerator. We invest in 20-30 companies twice a year for three months. We provide housing and office space for each company located in the heart of Silicon Valley. We put talent, passion and drive alongside seasoned entrepreneurs and investors to build world changing companies.

By 2017 Boost will accelerate 100 Bitcoin companies

So he's got more than 2 years to buy 30,000 BTC ... don't think he will be panic buying tomorrow! Not with another 100k on offer from USMS.

I think he's got a lot more patience than this forum lol

[ChartBuddy]

Explanation

[criptix]

There are 20-30 Boost companies, they plan on giving them each 300 BTC. So, Draper would need to go into the market and, over time, accumulate another 4,000 to 7,000 BTCs unless he dug into his own stash (if that stash exists, still).

Certainly not a bearish point. Spread over time it is a small point, though. I think it was a PR play to make Bitcoiners look up who the Boost companies were and how many there were.

https://www.cryptocoinsnews.com/adam-drapers-boost-vc-focuses-bitcoin-fund-20-30-new-bitcoin-companies/

Other way of calculating -- if you go straight through Boost VC, it looks like there are only 12 Boost companies, presently. However, the article above states 20-30 so I'll use that as the baseline.

i think the 20-30 companys are just from this round (atleast it says tribe 5) of selection.

the introduction says 100 companis in the next 3 years.

also regarding the 30.000 btc, i think they are commited to his partnership with mirror.

/edit

@mirror partnership

https://medium.com/@MirrorHQ/tim-draper-wins-govt-auction-partners-with-vaurum-to-provide-bitcoin-liquidity-in-emerging-markets-88f04a1d8598?source=tw-c5c76901e0ee-1404301475937

[JorgeStolfi]

I recommend Mozzarella Foxfire.

Go oldschool

My heart just melted.

[jonoiv]

 nothing to do with bitcoin, but this little country quiz should kill some time while it's quiet, well 5 mins at least.

https://uk.news.yahoo.com/quiz--how-many-of-these-countries-can-you-name-from-their-outline-105137700.html#4xeml1r

[Newbie1022]

There are 20-30 Boost companies, they plan on giving them each 300 BTC. So, Draper would need to go into the market and, over time, accumulate another 4,000 to 7,000 BTCs unless he dug into his own stash (if that stash exists, still).

Certainly not a bearish point. Spread over time it is a small point, though. I think it was a PR play to make Bitcoiners look up who the Boost companies were and how many there were.

https://www.cryptocoinsnews.com/adam-drapers-boost-vc-focuses-bitcoin-fund-20-30-new-bitcoin-companies/

Other way of calculating -- if you go straight through Boost VC, it looks like there are only 12 Boost companies, presently. However, the article above states 20-30 so I'll use that as the baseline.

i think the 20-30 companys are just from this round (atleast it says tribe 5) of selection.

the introduction says 100 companis in the next 3 years.

also regarding the 30.000 btc, i think they are commited to his partnership with mirror.

Thanks for the info!

[helipotte]

nothing to do with bitcoin, but this little country quiz should kill some time while it's quiet, well 5 mins at least.

https://uk.news.yahoo.com/quiz--how-many-of-these-countries-can-you-name-from-their-outline-105137700.html#4xeml1r

Fun! Got 13 of them right.

[phoenix1]

Only 12 here ... I got USA wrong lol  - I am proud of that !

[Miz4r]

nothing to do with bitcoin, but this little country quiz should kill some time while it's quiet, well 5 mins at least.

https://uk.news.yahoo.com/quiz--how-many-of-these-countries-can-you-name-from-their-outline-105137700.html#4xeml1r

Got all 14 right unexpectedly. I wasn't sure about a few of them.

[bitcoinmining]

Nobody knows nothing about BTCs trend right now, don't blame somebody else for your own fault!

Maybe it's better to sell or it's better to buy we'll see tomorrow night...

[Kupsi]

7th week in a row with record volume on LocalBitcoins RUB. I like it 

http://bitcoincharts.com/charts/localbtcRUB#igWeeklyztgSzm1g10zm2g25zvzcv

[NotLambchop]

Only 12 here ... I got USA wrong lol  - I am proud of that !

Got all of them wrong--I am proud of that because fuck artificial borders & statists!
And who cares what those irrelevant backwater foregnies are called anyhow?  Ain't nobody got time for that.