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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22574. (Read 26607011 times)

hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
Auction: buy 50k at $350 and dump into the market $270 down to $200...
Isn't a smart idea, imho.

who said that the ask price is $350

maybe it will be $200, and they will dump the till $200

Why all the worry about the auction at all? I dont think it will make any real difference to the price. Whats important is that some decent ( even respectable) financials are getting behind it. Thats what will allow bitcoin to grow in use and popularity. And ultimately in value.

BIT - Secondmarket will ensure this is well run, they have some quality talent involved.
Pantera - Jury is out, they seem a bit flaky sometimes (got reamed at last auction, to da moom forecasts) but they have quality VC behind them ( Murphy's Benchmark)
Winkey lads - Cant really argue with Billions of green now, can you?  Grin

These guys make it worthwhile investing in the future of bitcoin ( and by investing I dont necessarily mean buying it and hodling...)
sr. member
Activity: 350
Merit: 250
ImI
legendary
Activity: 1946
Merit: 1019
legendary
Activity: 1470
Merit: 1007
Like I said yesterday, I'll start worrying about the trend since Jan if and when we fall and stay below 260/265, or dip below the DSMA20 without quickly recovering from it.

Unless something like that happens, I consider the most likely scenario that we're going through a repeat of the late February period, i.e. higher low, followed by consolidation, followed by continuation of uptrend.

That has been the pattern for a year or so
Drops then higher lows followed by a rise up then a drop again to a new low area before that pattern roughly repeats
Kind of curious though when that trendline will be broken

On the larger scale, sure. It's a bear market we're in, after all Cheesy But I'm talking about the January trend alone, so no new low (yet). And right now, I see more signs for consolidation + (upwards) continuation than reversal of the local trend from January.

At what point can the long-term downtrend be considered 'over'?

Depends who you ask, and what count they have in mind (if they use EW) Cheesy

Depends also on what is meant by "long term downtrend being over". The old downtrend could be over, but be replaced by another one, maybe less severe (i.e. a different downwards channel). Or it could end, but not be immediately followed by a much more bullish market either (i.e. bottom is in, but it's not rally time yet). There are several ways to look at it...

Anyway, I don't have a fixed target at which I would conclude with certainty that the bear market is over, or let's say, that target is so high, I wouldn't want to wait until we reach it before buying back. That target would be roughly: close above weekly SMA20, supported by volume, possibly followed by consolidation or minor retracement not further than the SMA, followed by a trend reaching for upper weekly BB (high 300s to 400).
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1890
Merit: 1037
auction is over?

sell or buy?
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
http://www.rre.com/blog/90-why-we-started-abra

Quote
Abra app-based transfers use the blockchain to settle, and transactions are published directly to the blockchain from your phone.  Abra’s back-end servers never touch consumer’s money or their transfer requests.  The value of the holdings in your wallet do NOT fluctuate with the value of Bitcoin for at least 3 days after initial deposit onto your phone.  Abra is not a financial service -- it is an app that facilitates storing digital currency equivalent to US Dollars directly on your smartphone and transferring your money from your Abra App to any other Abra App anywhere in the world.

Quote
To design Abra we turned to the traditional Hawala model.  (...)  Traditional Hawala’s are generally illegal in the United States as no one is allowed to hold or remit funds on behalf of someone else without being a licensed money transmitter both with FinCen (the Financial Crimes Enforcement Network) and with the US State regulators where the consumers’ reside.  In the case of Abra, however, consumers and Tellers are always holding their own money just as with the standard open source Bitcoin software.  Abra Tellers simply buy and sell digital currency directly to and from other consumers in their neighborhood in small amounts.

www.goabra.com

this might be a watershed moment for consumer adoption. was not expecting this at all. Goodbye KYC/AML
sr. member
Activity: 350
Merit: 250
Pain will be over in 25 minutes. After that, big buys coming.

I was also thinking we might see a small "end of auction bid window" rally.
hero member
Activity: 748
Merit: 500
Pain will be over in 25 minutes. After that, big buys coming.

Link on your crystal ball?
hero member
Activity: 966
Merit: 1000
It's Not Enough
he U.S. Marshals Service is known to be one of the most avid users of StingRays, and documents confirm that the agency has spent more than $9 million on equipment and training since 2009. But while it appears the USMS is not under any nondisclosure agreement with the device manufacturer, the agency has withheld a wide range of basic information under an exemption meant to protect law enforcement techniques

http://yro.slashdot.org/story/15/03/05/181243/us-marshals-service-refuses-to-release-already-published-stingray-info
member
Activity: 84
Merit: 10
Pain will be over in 25 minutes. After that, big buys coming.
hero member
Activity: 966
Merit: 1000
It's Not Enough
Auction: buy 50k at $350 and dump into the market $270 down to $200...
Isn't a smart idea, imho.

who said that the ask price is $350

maybe it will be $200, and they will dump the till $200

the last auction was overpriced, in comparison to the btc price in markets...

why no this time?
hero member
Activity: 658
Merit: 500
Uncertainty is the only reason why we go lower. Uncertainty weights heavy.
legendary
Activity: 1890
Merit: 1037
Auction: buy 50k at $350 and dump into the market $270 down to $200...
Isn't a smart idea, imho.

who said that the ask price is $350

maybe it will be $200, and they will dump the till $200
legendary
Activity: 1442
Merit: 1186
At what point can the long-term downtrend be considered 'over'?

We've been above or out of the long term down trend as of March 1st from what I'm seeing. So it's only been 4 days, so could just be a 'false break' or it could be the start of a trend reversal. It would only take a drop to $245 ($22) to be back into the bear trend.
legendary
Activity: 2002
Merit: 1040
http://www.theverge.com/a/anatomy-of-a-hack#mailcom

Scary stuff. 2-factor everything people.

2 factor auth wouldn't have stopped the hack in that story.

Yes it would have. The problem is Mail.com didn't have a 2-factor option. If it had, and was enabled, then this hack wouldn't have happened.
hero member
Activity: 966
Merit: 1000
It's Not Enough
Auction: buy 50k at $350 and dump into the market $270 down to $200...
Isn't a smart idea, imho.
legendary
Activity: 1092
Merit: 1000

The owl deployment's figure is a clear sign of medium-term toppishing. I'm afraid we're not done heading down gentlemen. (or something)
Best.graph.drawing.ever!! Smiley

Indeed!  Cheesy



i see the legendary owl has appeared in the graphs... that can only mean one thing...its almost buy time....we going to swoop down on those coins! ............... ok hear that everybody ?? it's almost SWOOP DOWN TIME! (kinda like HAMMER TIME) ....
sr. member
Activity: 294
Merit: 250
people is afraid of auction dump .
till now market gone velly quiet.

the auction was fake?
legendary
Activity: 1652
Merit: 1029
http://www.theverge.com/a/anatomy-of-a-hack#mailcom

Scary stuff. 2-factor everything people.

2 factor auth wouldn't have stopped the hack in that story.
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