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

[Fatman3001]

I hear ya Jorge, loud and clear

Yeh, that 52k + change does not fit the pattern.

unless 1 lot did not sell, or unless some wise guy has not met payment deadline, then it makes sense...

I thought defaulting just fills the next highest bid?

That could be the case, but they would have to notify them and give time to pay if that was the case

Right, I think we've analysed the shit out of this (I'm certainly bored), meanwhile, price is doing nothing
Fuel the thrusters for the next blast through into $380 and lets get this show on the road 

After you...

[Wandererfromthenorth]

Careful with blockchain.info...

https://twitter.com/btcdrak/status/542009271303823360

[empowering]

The 0.05 aren't fees. I think they were test sends to make sure the address and all else was ok. After a couple of confirms the remainder was sent to the confirmed address to bring it (usually) to a round 5k.

Doesn't explain why 5k when that wasn't the lot size.

exactly, does not make sense.... it would seem to infer that there was coordination in the bidding, it would seem...otherwise it seems too symmetrical (everyone that won, happened to bid on a 2k lot and a 3k lot)

Odd.

Unless the coins are going to move again of course (2K to x and 3k to y)

Unless multiple addresses belong to the same person/syndicate and the amounts have just been split, still does not explain why all to 5K amounts , (not even sure this is allowed to have winning lots sent to multiple addresses ,surely the gov would be like, yeah that is your job bucko?)

It is odd about Draper and his 2K, either he/mirror are the non payers, or Draper/Mirror won more than one bid for 2K, or the coins are still yet to move again (?)

[ChartBuddy]

Explanation

[DoktorKopf]

The 0.05 aren't fees. I think they were test sends to make sure the address and all else was ok. After a couple of confirms the remainder was sent to the confirmed address to bring it (usually) to a round 5k.

Doesn't explain why 5k when that wasn't the lot size.

Maybe some bidders won several lots and that's how the buyers wanted them.

Maybe, but that means all the successful bidders won a lot of 3k and a lot of 2k (except one lonely single 3k and an as yet unpaidfor 2k) which rather implies that "all the successful bidders" is a very small, if not the unity, number

[noobtrader]

hah... do you read this thread very closely ? I am certainly not a perma bear, nor a fud spreader lol... but then I am not here to fanfare  either, if there is a chance a 2K block did not sell (or did not get paid for)  then that would be interesting , is all.. and yes I know it sooooundsss FUD like/perma-bear talk, but it ain't , just speculation bro.  Like I said, I tend to lean towards the blocks all selling.


Did the US marshalls say they had 144K of Bitcoins from Ross himself?

so the 99,999 just split into 11 lots (there were 11 bidders!?) could have been split 52K back to storage , and 48k sent to winners (the 11 addresses + the 52 K ,  add up to is the 100k and then the 44 K in the address 12pfPVkSNPb49Ez6GDuc4DuDdw4WCDCVef is the remaining of the 144k from Ross??)

I dunno,pure  speculation tbh

so here is the breakdown so far
144k coin
https://blockchain.info/address/1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw?offset=0&filter=0

split :
99.9k coin
1N8kzYynsCsXvNEZ25ZhwUgvDNpfUG8Md5   ------------> 1E9QDjSzUMuYdy4vePXxZhmkGeopkm1VfZ - (Spent) 99,999.898 BTC

       193cMMMsnfPp1NAdnud9tJCk9WTBVXL6Nw - (Unspent) 4,999.948 BTC
       1Cg9JmZzve5kX5mQoSy1kznA2DrHtTS1aF - (Unspent) 4,999.949 BTC
       1AonDxGgP6mk79YYgP3kZvjo5p7LWX77Q2 - (Unspent) 4,999.949 BTC
       1JhbFzMs2eAQHeuQZAkMCNvk2ZyZQiCeRw - (Unspent) 4,999.949 BTC
       1L5RoTFTEupVJ8uVuFrDEJE3aN2D7T9nLQ - (Unspent) 4,999.949 BTC
       1Ltb2vCU8bEg62vZzhvQeUxLLYzUXRXTfi - (Unspent) 4,999.95 BTC
       12yyGP7aHeJL18rzSXXaQ94uX5vN34t4iq - (Unspent) 4,999.95 BTC
       1CkrQEuoo7vX4YKjNPkgWExnRwEp9fVPaP - (Unspent) 52,000.403 BTC
       19tjMYDuuwyBbUA3mo3FpKw7pQp7A1aR4T - (Unspent) 4,999.95 BTC
       1PxEeikjqCU2L5nS5vxAuMzhLqYx5erVuB - (Unspent) 4,999.95 BTC
       1MFz2bnUzPRXUZmi4JaCi9J1Gvgp883mH4 - (Unspent) 2,999.95 BTC



44.3k coin
       12pfPVkSNPb49Ez6GDuc4DuDdw4WCDCVef ----> 14s1hWojRPUgeT2Q8D2JAGATmajaZqgBuJ   -----> 1CaGxqCQv2ofqLf37HCUQoLujzRMaz74LK - (Unspent) 44,341.12194935 BTC

[noobtrader]

Careful with blockchain.info...

https://twitter.com/btcdrak/status/542009271303823360

thanks for the info and i think paper wallet and mycelium is the best combo so far for me...

[empowering]

hah... do you read this thread very closely ? I am certainly not a perma bear, nor a fud spreader lol... but then I am not here to fanfare  either, if there is a chance a 2K block did not sell (or did not get paid for)  then that would be interesting , is all.. and yes I know it sooooundsss FUD like/perma-bear talk, but it ain't , just speculation bro.  Like I said, I tend to lean towards the blocks all selling.


Did the US marshalls say they had 144K of Bitcoins from Ross himself?

so the 99,999 just split into 11 lots (there were 11 bidders!?) could have been split 52K back to storage , and 48k sent to winners (the 11 addresses + the 52 K ,  add up to is the 100k and then the 44 K in the address 12pfPVkSNPb49Ez6GDuc4DuDdw4WCDCVef is the remaining of the 144k from Ross??)

I dunno,pure  speculation tbh

so here is the breakdown so far
144k coin
https://blockchain.info/address/1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw?offset=0&filter=0

split :
99.9k coin
1N8kzYynsCsXvNEZ25ZhwUgvDNpfUG8Md5   ------------> 1E9QDjSzUMuYdy4vePXxZhmkGeopkm1VfZ - (Spent) 99,999.898 BTC

       193cMMMsnfPp1NAdnud9tJCk9WTBVXL6Nw - (Unspent) 4,999.948 BTC
       1Cg9JmZzve5kX5mQoSy1kznA2DrHtTS1aF - (Unspent) 4,999.949 BTC
       1AonDxGgP6mk79YYgP3kZvjo5p7LWX77Q2 - (Unspent) 4,999.949 BTC
       1JhbFzMs2eAQHeuQZAkMCNvk2ZyZQiCeRw - (Unspent) 4,999.949 BTC
       1L5RoTFTEupVJ8uVuFrDEJE3aN2D7T9nLQ - (Unspent) 4,999.949 BTC
       1Ltb2vCU8bEg62vZzhvQeUxLLYzUXRXTfi - (Unspent) 4,999.95 BTC
       12yyGP7aHeJL18rzSXXaQ94uX5vN34t4iq - (Unspent) 4,999.95 BTC
       1CkrQEuoo7vX4YKjNPkgWExnRwEp9fVPaP - (Unspent) 52,000.403 BTC
       19tjMYDuuwyBbUA3mo3FpKw7pQp7A1aR4T - (Unspent) 4,999.95 BTC
       1PxEeikjqCU2L5nS5vxAuMzhLqYx5erVuB - (Unspent) 4,999.95 BTC
       1MFz2bnUzPRXUZmi4JaCi9J1Gvgp883mH4 - (Unspent) 2,999.95 BTC



44.3k coin
       12pfPVkSNPb49Ez6GDuc4DuDdw4WCDCVef ----> 14s1hWojRPUgeT2Q8D2JAGATmajaZqgBuJ   -----> 1CaGxqCQv2ofqLf37HCUQoLujzRMaz74LK - (Unspent) 44,341.12194935 BTC

yes... so just the mystery of why the 48 vs 52k split today, my guess, 2k back to storage along with leftover  50K,  and I would hazard a guess, that will be due to a fuck up on someones part (computer said no) and that the 2K will end up being moved in next few days, when either the transaction completes or the next person in the que has been informed and sent over the spondoolies .... remaining mystery = Draper and his 2K, it would be too funny if Mirror messed up the payment, but either they did, or Draper and Mirror won more than 2K

[DoktorKopf]

The 0.05 aren't fees. I think they were test sends to make sure the address and all else was ok. After a couple of confirms the remainder was sent to the confirmed address to bring it (usually) to a round 5k.

Doesn't explain why 5k when that wasn't the lot size.

exactly, does not make sense.... it would seem to infer that there was coordination in the bidding, it would seem...otherwise it seems too symmetrical (everyone that won, happened to bid on a 2k lot and a 3k lot)

Odd.

Unless the coins are going to move again of course (2K to x and 3k to y)

Unless multiple addresses belong to the same person/syndicate and the amounts have just been split, still does not explain why all to 5K amounts , (not even sure this is allowed to have winning lots sent to multiple addresses ,surely the gov would be like, yeah that is your job bucko?)

It is odd about Draper and his 2K, either he/mirror are the non payers, or Draper/Mirror won more than one bid for 2K, or the coins are still yet to move again (?)

But it makes no sense to send a test and then the full amount to an address that is still your own, only for it then to split it again. If the 0.05 was a test, surely these are likely to be a new owner's addresses.

[empowering]

The 0.05 aren't fees. I think they were test sends to make sure the address and all else was ok. After a couple of confirms the remainder was sent to the confirmed address to bring it (usually) to a round 5k.

Doesn't explain why 5k when that wasn't the lot size.

exactly, does not make sense.... it would seem to infer that there was coordination in the bidding, it would seem...otherwise it seems too symmetrical (everyone that won, happened to bid on a 2k lot and a 3k lot)

Odd.

Unless the coins are going to move again of course (2K to x and 3k to y)

Unless multiple addresses belong to the same person/syndicate and the amounts have just been split, still does not explain why all to 5K amounts , (not even sure this is allowed to have winning lots sent to multiple addresses ,surely the gov would be like, yeah that is your job bucko?)

It is odd about Draper and his 2K, either he/mirror are the non payers, or Draper/Mirror won more than one bid for 2K, or the coins are still yet to move again (?)

But it makes no sense to send a test and then the full amount to an address that is still your own, only for it then to split it again. If the 0.05 was a test, surely these are likely to be a new owner's addresses.

Depends on how anal/mental/paranoid  the person in charge of the transfers is , we are talking about the gubermint here 

[JorgeStolfi]

I hear ya Jorge, loud and clear
Yeh, that 52k + change does not fit the pattern.

unless 1 lot did not sell, or unless some wise guy has not met payment deadline, then it makes sense...

On Friday, December 5, by 5:00pm EST, the USMS will notify the winning bidder/bidders that their bid/bids has/have been selected. Any winning bidder must send the purchase price funds (less the deposit amount) by a wire transfer originating from a bank located within the United States and provide a wire transmittal receipt to the USMS by 2:00pm EST, on Monday, December 8, 2014. [ ... ] Failure to provide the USMS with a copy of the wire transmittal receipt by the deadline will result in disqualification, forfeiture of the deposit, and award to another bidder.

If one bidder does not pay by the due date (today 2:00pm EST) , they will have to notify the highest bidder who was left out of the first round, and obviously give him a couple of days to wire in the payment. 

So it may be that one of the bidders who won a 2000 BTC block defaulted, and the USMS has transferred the 48 000 BTC to those who paid, and didn't bother to split off the 2000 BTC chunk yet, waiting for the next bidder to pay.

By the rules, each bid form could bid for any number of 2000 BTC 'A' blocks, all at the same price, and any number of 3000 BTC 'B' blocks, all at the same price.   So, a syndicate that wanted to place bids for many blocks, all at different prices, would have to submit a number of forms, each for 1 'A' block and 1 'B' block.  It seems likely that the USMS would want to make a separate transfer for each form received, even if two forms were submitted by the same person.  So that may explain why there are nine 5000 BTC chunks.

[empowering]

I hear ya Jorge, loud and clear
Yeh, that 52k + change does not fit the pattern.

unless 1 lot did not sell, or unless some wise guy has not met payment deadline, then it makes sense...

On Friday, December 5, by 5:00pm EST, the USMS will notify the winning bidder/bidders that their bid/bids has/have been selected. Any winning bidder must send the purchase price funds (less the deposit amount) by a wire transfer originating from a bank located within the United States and provide a wire transmittal receipt to the USMS by 2:00pm EST, on Monday, December 8, 2014. [ ... ] Failure to provide the USMS with a copy of the wire transmittal receipt by the deadline will result in disqualification, forfeiture of the deposit, and award to another bidder.

If one bidder does not pay by the due date (today 2:00pm EST) , they will have to notify the highest bidder who was left out of the first round, and obviously give him a couple of days to wire in the payment.  

So it may be that one of the bidders who won a 2000 BTC block defaulted, and the USMS has transferred the 48 000 BTC to those who paid, and didn't bother to split off the 2000 BTC chunk yet, waiting for the next bidder to pay.

By the rules, each bid form could bid for any number of 2000 BTC 'A' blocks, all at the same price, and any number of 3000 BTC 'B' blocks, all at the same price.   So, a syndicate that wanted to place bids for many blocks, all at different prices, would have to submit a number of forms, each for 1 'A' block and 1 'B' block.  It seems likely that the USMS would want to make a separate transfer for each form received, even if two forms were submitted by the same person.  So that may explain why there are nine 5000 BTC chunks.

(So it may be that one of the bidders who won a 2000 BTC block defaulted, and the USMS has transferred the 48 000 BTC to those who paid, and didn't bother to split off the 2000 BTC chunk yet, waiting for the next bidder to pay.)   Yes agreed... that is my take on it also.

And yes agreed it MAY explain. the 5K blocks

Seems too neat.... (perfectly plausible though)

[LFC_Bitcoin]

Careful with blockchain.info...

https://twitter.com/btcdrak/status/542009271303823360

That's insane.

Most of my stash is in cold storage but I'm transferring everything else from blockchain.info into my bitcoin core right now.

Disgraceful.

[JorgeStolfi]

They seem to use a 0.001 0.0501 BTC or 0.05 BTC fee. So, someone who bought 3000 BTC will get 1999.999 1999.959 and 0.001 0.0501 will go to the miners.

2999.9xx ?  otherwise they have been shafted royally

yeah, of course.  Sorry.  I got my coffee, EEG starting to show some activity now.

[noobtrader]

so....

anyone know, how much coin left to be auctioned next month

[ChartBuddy]

Explanation

[JorgeStolfi]

so....

anyone know, how much coin left to be auctioned next month

There is no date set, but they still have some 94'000 BTC to auction. From the way they split the coins today, it seems that they are planning another 50'000 BTC auction next, and then presumably one for the final 44'000.

[noobtrader]

so....

anyone know, how much coin left to be auctioned next month

There is no date set, but they still have some 94'000 BTC to auction. From the way they split the coins today, it seems that they are planning another 50'000 BTC auction next, and then presumably one for the final 44'000.

so many coin 
no wonder the price derped

[macsga]

Bitcoin mining reaching an equilibrium? Let's see what happens next.

https://bitcoinwisdom.com/bitcoin/difficulty

[criptix]

I hear ya Jorge, loud and clear
Yeh, that 52k + change does not fit the pattern.

unless 1 lot did not sell, or unless some wise guy has not met payment deadline, then it makes sense...

On Friday, December 5, by 5:00pm EST, the USMS will notify the winning bidder/bidders that their bid/bids has/have been selected. Any winning bidder must send the purchase price funds (less the deposit amount) by a wire transfer originating from a bank located within the United States and provide a wire transmittal receipt to the USMS by 2:00pm EST, on Monday, December 8, 2014. [ ... ] Failure to provide the USMS with a copy of the wire transmittal receipt by the deadline will result in disqualification, forfeiture of the deposit, and award to another bidder.

If one bidder does not pay by the due date (today 2:00pm EST) , they will have to notify the highest bidder who was left out of the first round, and obviously give him a couple of days to wire in the payment. 

So it may be that one of the bidders who won a 2000 BTC block defaulted, and the USMS has transferred the 48 000 BTC to those who paid, and didn't bother to split off the 2000 BTC chunk yet, waiting for the next bidder to pay.

By the rules, each bid form could bid for any number of 2000 BTC 'A' blocks, all at the same price, and any number of 3000 BTC 'B' blocks, all at the same price.   So, a syndicate that wanted to place bids for many blocks, all at different prices, would have to submit a number of forms, each for 1 'A' block and 1 'B' block.  It seems likely that the USMS would want to make a separate transfer for each form received, even if two forms were submitted by the same person.  So that may explain why there are nine 5000 BTC chunks.

Do i understand correct that if you get disqualified you will lose your initial deposit of 150.000$?
that would be a weird way to throw.away 150k $