Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24163.

JorgeStolfi

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Quote from: Omikifuse on December 03, 2014, 05:34:34 AM

Quote from: JorgeStolfi on December 03, 2014, 05:28:22 AM

Last time, the price had a sudden drop right after the auction was announced (June 12) then recovered when it was known that a single bidder won all the lots (June 30).
This time there was no drop when the auction was announced. Has the outcome been posted yet?

The drop was before the auction, when the coins suddenly moved and no one knew what was happening. When the auction was announced prices recovered

Indeed, blockchain gawkers noticed the movement of the coins shortly before the USMS announced the opening of the auction. But the USMS announcement came out on June 11, and the Bitstamp price dropped by 25$ on that same day. The announcement was all over the news the next day, June 12, and the price dropped another 25$.

The auction took place on June 27, and the fact that it had a single winner (but not his identity) was revealed on June 30; the price recovered on that same day.

Tzupy

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Time for more China dumps?

podyx

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Bear flag??

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

alexeft

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And, after a VERY long time, difficulty decreased!!!!

I guess bitcoin is dead!!! Cheesy

bobboooiie

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Quote from: gkv9 on December 03, 2014, 05:49:49 AM

Agreed... And this time too, it seems that for the same bidder to make his bids at the lowest rates possible and to make him recover his previous losses of up to $10 million, big dogs are going to dump this BTC hard and the guy seems to be so much interested and have so much faith in Bitcoins that he is again going to invest up to $19 million that he invested previously making a bid of $600 per coin, and so to make himself to recover his money back, he needs to get the price to nearly $250 and then again need a pump till $600 to get everything recovered and a small profit... The sky will be the limit then...

What the fuck? no more moon ? Is this confirmed ?

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Quote from: Omikifuse on December 03, 2014, 05:34:34 AM

Quote from: JorgeStolfi on December 03, 2014, 05:28:22 AM

Quote from: Bitcoins101 on December 03, 2014, 04:04:53 AM

People seem to have forgotten how badly bitcoin tanked last time there was an auction. It was only shortly after the auction completed that the bitcoin price went up a bit.

Last time, the price had a sudden drop right after the auction was announced (June 12) then recovered when it was known that a single bidder won all the lots (June 30).

This time there was no drop when the auction was announced. Has the outcome been posted yet?

The drop was before the auction, when the coins suddenly moved and no one knew what was happening. When the auction was announced prices recovered

Agreed... And this time too, it seems that for the same bidder to make his bids at the lowest rates possible and to make him recover his previous losses of up to $10 million, big dogs are going to dump this BTC hard and the guy seems to be so much interested and have so much faith in Bitcoins that he is again going to invest up to $19 million that he invested previously making a bid of $600 per coin, and so to make himself to recover his money back, he needs to get the price to nearly $250 and then again need a pump till $600 to get everything recovered and a small profit... The sky will be the limit then...

Omikifuse

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Quote from: JorgeStolfi on December 03, 2014, 05:28:22 AM

Quote from: Bitcoins101 on December 03, 2014, 04:04:53 AM

People seem to have forgotten how badly bitcoin tanked last time there was an auction. It was only shortly after the auction completed that the bitcoin price went up a bit.

Last time, the price had a sudden drop right after the auction was announced (June 12) then recovered when it was known that a single bidder won all the lots (June 30).

This time there was no drop when the auction was announced. Has the outcome been posted yet?

The drop was before the auction, when the coins suddenly moved and no one knew what was happening. When the auction was announced prices recovered

JorgeStolfi

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Quote from: DaRude on December 03, 2014, 02:47:28 AM

How much of VC's $ was injected in BTC related companies at a time of the first auction and how much is there now

I don't think the market cares about that number. News of VC investments in this or that firm did not seem to have any effect on the price.

JorgeStolfi

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Quote from: Bitcoins101 on December 03, 2014, 04:04:53 AM

People seem to have forgotten how badly bitcoin tanked last time there was an auction. It was only shortly after the auction completed that the bitcoin price went up a bit.

Last time, the price had a sudden drop right after the auction was announced (June 12) then recovered when it was known that a single bidder won all the lots (June 30).

This time there was no drop when the auction was announced. Has the outcome been posted yet?

JorgeStolfi

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Quote from: WeltMaster on December 03, 2014, 01:49:27 AM

Quote from: JorgeStolfi on December 03, 2014, 01:01:42 AM

PS, about the distribution of MtGOX spoils:

Quote from: Fatman3001 on December 02, 2014, 10:59:21 PM

They supposedly recovered 200 000 coins, 650 000 coins are missing. So unless you for some reason are very high up on the list of creditors, them coins are gone. Kraken is not going to empty their stash for Gox customers.

There is no queue, except that defaulted employee salaries are to be paid first, then suppliers etc., then the clients, and the managers last. The first two have been paid already, and there will be nothing left for the managers anyway.

Among the clients, Kobayashi will first gather and validate all the claims, then he will divide the remaining assets proportional to the claims. So everybody should receive around 20% of their claims. However, it is not clear yet how the claims will be defined.

Okay, sounds good.

I've got a little under 20 goxbtc, where can I file a claim?

Sorry to be degenerate but the mtgox site with all it's legal lingo is confusing as fuck, and I've found nowhere that explains it easily.

IIRC the plan is to collect the claims by May 2015, and validate them by September 2015. But Kobayashi still doesn't know how the claims will be filed. Instructions on how to file your claim will be posted on that site, once he figures it out.

The victims seem to be assuming that what they are owed is their final balance as stated in MtGOX's database. That is not the rule in such cases: the balance is ignored, claim is defined as deposits minus withdrawals. But, again, wishful thinking dominates...

lay785

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bidders stand to benefit from lowering the prices.

Seems like they are finally getting to it.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

LFC_Bitcoin

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#1 VIP Crypto Casino

Quote from: explorer on December 03, 2014, 04:27:59 AM

Quote from: ChartBuddy on December 03, 2014, 04:00:56 AM

Explanation

Why is ChartBuddy going bald?

empowering

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Quote from: explorer on December 03, 2014, 04:27:59 AM

Quote from: ChartBuddy on December 03, 2014, 04:00:56 AM

Explanation

Why is ChartBuddy going bald?

Male pixel baldness?

Omikifuse

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Quote from: explorer on December 03, 2014, 04:27:59 AM

Quote from: ChartBuddy on December 03, 2014, 04:00:56 AM

Explanation

Why is ChartBuddy going bald?

Not the first time ChartBuddy becomes ChartBuggy.

I guess it is because of technical problems in Bitstamp

macsga

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Strange, yet attractive.

Quote from: explorer on December 03, 2014, 04:27:59 AM

Quote from: ChartBuddy on December 03, 2014, 04:00:56 AM

Explanation

Why is ChartBuddy going bald?

It suffers a horrible death. Grin

explorer

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Quote from: ChartBuddy on December 03, 2014, 04:00:56 AM

Explanation

Why is ChartBuddy going bald?

fonsie

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Quote from: Bitcoins101 on December 03, 2014, 04:04:53 AM

People seem to have forgotten how badly bitcoin tanked last time there was an auction. It was only shortly after the auction completed that the bitcoin price went up a bit.

Yet, this time the price did not decrease because of the news of an auction. A sell order like this should move down the market, but it hasn't really so far, which means we may be having a little bit of a correction here. I do not expect much positive movement between now and when the auction is over, as positive movement as a direct result of a sell order is a complete nonsequitur. I also don't expect much positive movement right after the auction, as there is no ground to make up - bitcoiners are treating this auction like some big investor will just buy them all up like last time, so a good result is already priced in right now.

It's a bad week to be long, with one exception: if you think the price is being artificially deflated so that someone can buy the coins at auction for a lower price.

Or perhaps, nobody gives a fuck about those 50000btc, considering the volume that's being traded already OTC. Which is probably more than the low volume on the exchanges, just to make the kiddie bears happy by giving them the illusion bitcoin is dying, as I have been told numerous times by the trolls.

Either way:

Troll=ugly
Bear=smelly
Bull=gracious animal

Cheesy

JayJuanGee

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

Quote from: Bitcoins101 on December 03, 2014, 04:04:53 AM

People seem to have forgotten how badly bitcoin tanked last time there was an auction. It was only shortly after the auction completed that the bitcoin price went up a bit.

Yet, this time the price did not decrease because of the news of an auction. A sell order like this should move down the market, but it hasn't really so far, which means we may be having a little bit of a correction here. I do not expect much positive movement between now and when the auction is over, as positive movement as a direct result of a sell order is a complete nonsequitur. I also don't expect much positive movement right after the auction, as there is no ground to make up - bitcoiners are treating this auction like some big investor will just buy them all up like last time, so a good result is already priced in right now.

It's a bad week to be long, with one exception: if you think the price is being artificially deflated so that someone can buy the coins at auction for a lower price.

Yes, here is an example in which the exception swallows the rule. There may be a dip down to $350; however, likely BTC prices will be allowed to rise after the auction bid times are completed. Surely some other shoe could drop by December 4 or December 5 to affect BTC prices - yet is seems fairly highly unlikely that BTC prices are going to get any meaningful price rally prior to the majority of the auction bids being in (which it seems likely that most of the bidders are to wait until the last couple of hours of the auction to submit their bids)..

Also, it seems highly likely that BTC prices will get some kind of rally after the auction, and thereafter, it is possible that BTC prices will never again return to the $300s - but never say never in bitcoinlandia. Shocked

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