Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18853.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Mervyn_Pumpkinhead on May 19, 2016, 03:04:46 AM

Sold 50% ETH back at 0.031.. let's see if it breaks through or forms a double top *crosses fingers for it breaking through*

Has this become the ETH thread?

Don't you have some lovey dovey ETH thread in which you can boast your various supposed play by play ETH conquests?

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: TERA on May 19, 2016, 04:39:27 AM

I had bfx take 10 confirmations to confirm a deposit.

Sell signal Huh

Andre#

hero member

Activity: 737

Merit: 500

https://medium.com/the-coinbase-blog/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf#.r4n02cjz9

TERA

hero member

Activity: 728

Merit: 500

I had bfx take 10 confirmations to confirm a deposit.

pariahbit

newbie

Activity: 42

Merit: 0

Quote from: podyx on May 19, 2016, 04:16:48 AM

Big sell on finex...

It could be just coiling. Like a cobra, getting ready to strike.

jk. Death is coming.

podyx

legendary

Activity: 2338

Merit: 1035

Big sell on finex...

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

Sold 50% ETH back at 0.031.. let's see if it breaks through or forms a double top *crosses fingers for it breaking through*

mymenace

legendary

Activity: 1596

Merit: 1061

Smile

Quote from: gizmoh on May 19, 2016, 02:42:07 AM

Former US Mint Director Brings Bitcoin to Retirement Investing

https://news.bitcoin.com/frmr-us-mint-director-bitcoin-retirement/

Flux brings decentralized political party to Australia using bitcoin

https://voteflux.org/

and here comes the decentralization of monopolies which are already falling and tumbling in the face of technology

gizmoh

legendary

Activity: 1428

Merit: 1000

Former US Mint Director Brings Bitcoin to Retirement Investing

https://news.bitcoin.com/frmr-us-mint-director-bitcoin-retirement/

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: adamstgBit on May 18, 2016, 08:45:25 PM

Quote from: yefi on May 18, 2016, 06:56:47 PM

Quote from: bri912678 on May 18, 2016, 04:27:15 PM

i found a transaction that probably caused the bitcoin days destroyed spike. It was in block 412183. [...]

Interesting, thanks. That would suggest more people are withdrawing BTC than depositing at whichever exchange that is.

ya it kinda seems like an exchanges had to dip into their ultra cold storage.
if poeple are indeed starting to remove coins off the exchanges... well then Cool

It's also possible it's a proof-of-reserves audit. I think that's happened a couple of times before.
Either way, 50m BTC days destroyed is a lot. Call it a generous 20m of background noise and 30m extra. If that really is from back in 2010 you're still looking at 15k BTC moving house.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: TERA on May 18, 2016, 11:04:59 PM

It's pretty obvious that the current ether rise is due entirely to the DAO. Having 15% of a coin bought out (not traded) in a matter of weeks puts quite an unusual strain on the market. I wouldn't be suprised if the DAO launch was timed entirely to try to paint a triangle on the charts. However, once the DAO sale is over, I expect ETH to come crashing back down and it might look more like a double top. You can see this due to the near matching high volume of the two peaks (as counterintuitive as that might sound). My question is what will happen to the value of a DAO token?

https://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doa

With The DAO the same principles are at work. Every time a project is funded, the amount of ETH backing the DAO tokens falls and is replaced with speculative IOU from a contractor. What is worse, when the ETH is sold to fund the projects the value of all ETH falls. Since The DAO keeps its savings in ETH, the actual cost of funding a proposal includes any loss value caused by selling ETH.

Considering many of the investors in the DAO also hold ETH there is a conflict of interest in their voting preferences. Most individuals will see the short-term cost (loss of liquidity) of authorizing spending to be much higher than the long-term benefit. After all, authorizing a $1 million dollar project will cause the DAO to lose 1% of its capital today and would likely move the Etheruem price by more than 1% down as everyone attempts to front-run the sell pressure created by the project. In the long-run the project may add value to Etheruem and the DAO, but the long-run is often years away.

TERA

hero member

Activity: 728

Merit: 500

It's pretty obvious that the current ether rise is due entirely to the DAO. Having 15% of a coin bought out (not traded) in a matter of weeks puts quite an unusual strain on the market. I wouldn't be suprised if the DAO launch was timed entirely to try to paint a triangle on the charts. However, once the DAO sale is over, I expect ETH to come crashing back down and it might look more like a double top. You can see this due to the near matching high volume of the two peaks (as counterintuitive as that might sound). My question is what will happen to the value of a DAO token?

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: gentlemand on May 18, 2016, 08:52:20 PM

has there ever in human history been a correlation between days destroyed and price movement? I'm willing to bet no. this trope is almost as tired as merchant adoption = horrific selling pressure.

While I've not the answer to that, here they used it to correctly conclude that an old Mtgox wallet had been found, weeks prior to any formal announcement. It can therefore be used to gain an informational advantage.

dumbfbrankings

full member

Activity: 238

Merit: 100

Well boyz...

We get to sit here stagnating with artificially "full" blocks thanks to Maxwell and Co, while etherbutters are mooning away with hookers and blow...

Sure glad we got a nice big Blocksteamer plopped on top of what was supposed to be our halving party.

Angry

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

has there ever in human history been a correlation between days destroyed and price movement? I'm willing to bet no. this trope is almost as tired as merchant adoption = horrific selling pressure.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: yefi on May 18, 2016, 06:56:47 PM

Quote from: bri912678 on May 18, 2016, 04:27:15 PM

i found a transaction that probably caused the bitcoin days destroyed spike. It was in block 412183. [...]

Interesting, thanks. That would suggest more people are withdrawing BTC than depositing at whichever exchange that is.

ya it kinda seems like an exchanges had to dip into their ultra cold storage.
if poeple are indeed starting to remove coins off the exchanges... well then Cool

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: gizmoh on May 18, 2016, 04:12:06 PM

Get your Cheap coins now!

>50% off

buy Buy BUY!!!!!!

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: bri912678 on May 18, 2016, 04:27:15 PM

i found a transaction that probably caused the bitcoin days destroyed spike. It was in block 412183. [...]

Interesting, thanks. That would suggest more people are withdrawing BTC than depositing at whichever exchange that is.

bri912678

sr. member

Activity: 348

Merit: 250

i found a transaction that probably caused the bitcoin days destroyed spike. It was in block 412183.

Height Time Trans-ns Sum Days Destroyed
412183 2016-05-17 18:14:55 3113 124,993.47355705 BTC 46,925,708

https://bitinfocharts.com/bitcoin/block/412183/000000000000000001c9a2816ed2e303209e3982f6f5f584618307b7d9a94096

According to bitinfocharts it's the #3 Richest Bitcoin Address moving coins.

https://bitinfocharts.com/bitcoin/address/3Kg7Cmooris7cLErTsijq6qR1FH3cTiK2G

The same address provoked a reddit thread when it previously moved coins a year ago. Nobody proved who owned it, but the last poster guesses it belongs to a big exchange. During the latest transaction it sent 67,272 BTC back to itself, and 1,527.77775556 BTC to each of 18 addresses. I only studied one, but it had so many small transactions passing through it that I assume it's an exchanges hot wallet.

This is the transaction.

https://bitinfocharts.com/bitcoin/tx/a13ee5aff1a82d3bcb928dfcf558b97dc41b085bd95c98f189ffa53f303bdc49

This is a quote from the reddit thread about it moving coins a year ago.

https://www.reddit.com/r/Bitcoin/comments/2rrplt/big_coin_movement_just_now_cause_i_know_people/

Quote

Given the timing and the fact that a lot have ended up here https://blockchain.info/address/3Kg7Cmooris7cLErTsijq6qR1FH3cTiK2G yet a bunch are still here https://blockchain.info/address/3HyULbPVM739jPVk4i3PKZ4LibhYP1HsLc it seems like a hot and cold wallet and given the size of the funds it looks like an exchange to me.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18853. (Read 26709099 times)