Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24142. (Read 26607956 times)

YOU GO GIRL!!!!!   

Twenty-seven bids don't have to translate to 20 sold blocks.  All the bids could have been ridiculously low--costs nothing to bid

lol

thanks to Mr. Draper  the float is 0

TO THE MOON!

Hopefully, we will find out some things from the auction.  There does seem to remain a large amount (maybe too much) mystery around these BTC auctions.  Probably, the public had a right to know after the last auction of 30k coins (for how much did those coins auction).  To date, we still do NOT know for how much those 30K coins auctioned... we can only make reasonable inferences based on what we know, and that is likely Draper got them all for at least 5% above market - possibly more (otherwise it is NOT likely that he would have been able to win all 10 lots).

TL;DR :   There exists too much mystery with the BTC auctions.

My guess is that Draper wins most of the blocks with bids of $450 to $499. The guy has a no-fucks-given attitude and he wants those coins. If you believed that Bitcoin would reach 10k in a few years why not bid high enough to make sure you win them?

i had not considered that.

with 7 losing bids... IDK

- or + 10% of current market price sounds right.

Well it's not my maths, just posting the article.  I'm sure you can make one bid for multiple blocks, it's not EBAY.

I already posted my reasoning. There is a patteren of crash, bounce, pause, spike, second bounce, and then complete dissipation of all upward momentum. The patterns has repeated three times in this bear market and is in the process of repeating again. We are in the dissipation phase, prior to the next crash.

Don't blame the weatherman for the weather. I wanna see this goddamn bear market over as much as anybody, which is why I'm trying to help make the next crash a double bottom and defend $270. To do that, i need fiat. That's why I'm shorting.

FBI should of just dump across a few exchanges...

give the littles guys some love come on!

Your TA?

No ?  have nothing ?  just a hunch?

http://online.wsj.com/articles/marshals-service-auctions-50-000-bitcoin-seized-in-silk-road-case-1417727252?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB11086996025538033553004580317322090683214.html


27 bids apparently

I was just thinking of a terrible rom-com movie called "Failure to Launch" with Sarah Jessica Horseface and Mathew McSomethingScottish. I don't know why.

What are the odds bulls can get the 1 HR moving average to go green before the Chinese wake up? I want to double up my short position.

I don't think so, there is a larger triangle that will break in a couple of days.

As for the auction, I believe most bids should have been around 300$ and lower and the gov may not have sold all now.

at the very least we will get to know how many winner there was but looking at the TX from their wallet.

Which can only mean one thing: dump immanent.
Just thought I'd mention the obvious in case n00bs din't pick up on what you were saying.

Maybe I am making an overstatement; however, currently, there appears to be NOTHING holding back a considerable upward momentum in bitcoin prices. 

The significant event of the ability to bid in the US Marshall's auction has been over for more than 2 hours, now, and currently, we are merely awaiting the US Marshall's to communicate to the winners, within the next approximately 24 hours. 

Probably we can presume that the BTC auction was somewhat bullish - in that regard, I doubt, really, that anyone is paying at market price or less for such auctioned coins.

Personally, I  had expected some kind of BTC price dump in the past 24 hours in order to further benefit big players who were participating in the auction; however, when there was NO real meaningful BTC price dump, I decided to buy a pretty decent chunk of coins (approximately 26 BTC). 

Therefore, my average price per BTC in my own BTC holdings came down from approximately $558 to $537. 

Surely, my BTC holdings remain in the red about 30% (partly due to my having had purchased over 100BTC in the June to August time frame when BTC prices were in the $600 arena - and I anticipated a rise at that time).


Surely, I admit that I have made some mistakes; however, I remain optimistic about BTC and the various fundamentals including the large amount of investments into various aspects of the BTC infrastructure - in spite of depressions of BTC prices.  Accordingly, I am expecting a BTC price rally at some point in the near future, and really I am doubting that we are going to see many more days of BTC prices below $400 - however, never say never in bitcoinlandia.

I did hold onto about $3k in dollars in my BTC investment fund - just in case I am wrong about the near term BTC price direction during the month of December - and I have the ability to buy BTC in the event of a price drop.

In the longer term and maybe the next 1 to 12 months, surely BTC prices could continue to be manipulated in the $400 to $800 price range; however, I believe once BTC prices go above $800 - it is likely that the price will shoot past the previous ATH into the $3k to $13k range.... but who knows how long that will take... I believe BTC has at least one more 10x rally within it..... maybe more than that, but difficult to say with current information and current levels of uncertainties regarding wider-spread adoption of BTC (and the potential interferences of possible competitors, if any).

i'm thinking 400 was top bid on a few of the blocks the rest are 350+

hopefully we get some info about this in the coming days.

i dont think we will...

we will have to look to the market's movement for answers, 10$ says market stays flat as fuck for 10 days  

Adam's back. Bullish  

well, I don't consider 50 coins serious and those order books just accurately predicted a $1.50 drop, $75 for me.