I'm still :
I like how enthusiastic you are about bitcoin but seriously, if you are not stupid from 600~ you could see what is happening (miners dumping coins pushing price down) so you could have 2x more coins than you have.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24425. (Read 26713700 times)
November 21, 2014, 08:30:20 AM
I like how enthusiastic you are about bitcoin but seriously, if you are not stupid from 600~ you could see what is happening (miners dumping coins pushing price down) so you could have 2x more coins than you have.
November 21, 2014, 08:29:57 AM
I'm still :
Redsn0w thinks we're all like
...but we're all like
Plz continue losing money for our amusement.
November 21, 2014, 08:29:02 AM
Please give me one example of an investment that doesn't work like this? How do assets or stocks go up in value and who holding that asset doesn't hope it will go up? Just explain me this in detail please and then explain the difference with Bitcoin. 
When you buy stock, you become owner of a fixed slice of the company's assets. When the company makes a profit, they either divide that profit among the stockholders (the so-called dividend), or reinvest the profit in more factories, stores, etc., so that each shareholder owns the same percentage of a bigger pie. If the company goes bankrupt, its assets are sold and the money is divided among the shareholders. If the company gets bought by another company, each shareholders gets a slice of the sale price. So, the price of a stock is basically determined by what traders think that the company's assets are worth, and how much profit it will make in the future. That perception often changes for better or worse, hence the price changes. Some people try to profit from those changes, by buying and selling stock at the right times. Others just hold stock for a long time, collecting dividends and/or trusting that the company's assets will grow in value.
Bitcoin pays no dividends and has no assets. When you buy a bitcoin, you buy a plot in an imaginary estate with 21 million plots, whose ownership is recorded in the blockchain. It is claimed that those plots will be increasingly used as money, so other people will want to buy your bitcoin for that purpose, and pay for it more than what you paid. That is the only way to profit from bitcoin, whether in the short or in the long term.
November 21, 2014, 08:18:21 AM
I'm still :
November 21, 2014, 08:15:07 AM
... it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.
Or even a million dollars...
Well played!
November 21, 2014, 08:14:52 AM
Nice , I got beta invite to Buttercoin. It looks pretty nice
https://imgur.com/a/lgaV1 Screenshots here
https://imgur.com/a/lgaV1 Screenshots here
November 21, 2014, 08:11:55 AM
November 21, 2014, 08:01:12 AM
November 21, 2014, 07:47:24 AM
... it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.
Or even a million dollars...
November 21, 2014, 07:45:49 AM
What little Wall St. cares about BTC it treats it as a commodity
that is a counter-trade to the dollar.
that is a counter-trade to the dollar.
November 21, 2014, 07:42:03 AM
The dollar will eventually pull back and then BTC will rise
If you think bitcoin is correlated with macroeconomic events you're beyond delusional.
Are you one of those who believe April 2013 bubble was caused by Cypriot people fleeing to bitcoin, instead of that crisis being an excuse to make a pump?
November 21, 2014, 07:39:38 AM
Price movement may be related to the Feds flogging thousands today.Well think its today
Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?
The prices paid in the last auction were never released. I doubt the next auction's prices paid will be released either.
Yeah, but we all know that a reasonable inference is that the bitcoins sold for well over 10% of the then market price b/c otherwise Draper would NOT have been able to win all 10 blocks. The then BTC market price was around $600, and it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.
It's all guesswork. The only bidder who revealed what he bid offered a price well below market price (and we only have his word that he's telling the truth).
November 21, 2014, 07:34:19 AM
The dollar will eventually pull back and then BTC will rise
November 21, 2014, 07:32:45 AM
Price movement may be related to the Feds flogging thousands today.Well think its today
Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?
The prices paid in the last auction were never released. I doubt the next auction's prices paid will be released either.
Yeah, but we all know that a reasonable inference is that the bitcoins sold for well over 10% of the then market price b/c otherwise Draper would NOT have been able to win all 10 blocks. The then BTC market price was around $600, and it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.
November 21, 2014, 07:28:21 AM
Price movement may be related to the Feds flogging thousands today.Well think its today
Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?
The prices paid in the last auction were never released. I doubt the next auction's prices paid will be released either.
November 21, 2014, 07:26:15 AM
those coins will go above market exchange price
Exchanges and OTC are both parts of the market.
Makes me wonder whether BTC prices are going to continue to be downwardly manipulated until December 4, because there remains an incentive by auction participants to get those 50k coins at the cheapest possible price.
They do NOT win the coins by the cheapest price by bidding low because the winner(s) of the lots will surely bid at least 5 to 10% above the December 4 BTC market price, which frequently Bitstamp is used as a measure of current BTC price.
Actually, a good poll topic.
@ Adam: Suggested Poll question - maybe after this 10k pages drama plays out in a week or so... hahahaha...
What will be BTC Exchange prices on December 4, 2014 (meaning on Bitstamp)?
November 21, 2014, 07:22:48 AM
2014 was sooooo shit.
Agreed, worst year ever
For some it was very good year, they were able to buy with 50-80% discount.
November 21, 2014, 07:22:23 AM
Maybe some of you people shouldn´t be in trading.
November 21, 2014, 07:19:24 AM
Is this rally is fake or real, or we are just entering depression stage.
November 21, 2014, 07:13:19 AM
June 8-12, 2011
Peak price: $32
Price decline: 68 percent
This was the peak of the great Bitcoin bubble of 2011. Prices rebounded somewhat after this initial plunge, but there followed a long bear market that bottomed out at $2 in November 2011, a total decline of 94 percent. Prices wouldn’t return to this peak again until 2013.
Does history repeat itself?
Peak price: $32
Price decline: 68 percent
This was the peak of the great Bitcoin bubble of 2011. Prices rebounded somewhat after this initial plunge, but there followed a long bear market that bottomed out at $2 in November 2011, a total decline of 94 percent. Prices wouldn’t return to this peak again until 2013.
Does history repeat itself?
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