Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24471.

Richy_T

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Quote from: spooderman on November 18, 2014, 11:10:06 AM

Quote from: JimboToronto on November 18, 2014, 10:21:02 AM

Quote from: spooderman on November 18, 2014, 09:28:48 AM

I hate that the old chart buddies don't work. They are ideal when you go back over old posts. There are a part of history man!

Luckily I grabbed a few memorable historic Chartbuddies. Here's a pair of consecutive beauties from the Silk Road bust. Buddy was still using Gox at that point.

[IMG]http://i664.photobucket.com/albums/vv10/JimboToronto/1598017.png[/ig][IMG]http://i664.photobucket.com/albums/vv10/JimboToronto/1598018.png[/ig]

Thank you! I have saved a few of them myself too, though my preservation of history has mainly been screencapping ATHs on bitcoinity.

If only there was some way to permanently store information in a collectively agreed account of history. A public ledger if you will.

None that I know of:(

Could maybe torrent the data.

Erdogan

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Quote from: fonzie on November 18, 2014, 10:48:38 AM

Quote from: jonoiv on November 18, 2014, 10:44:38 AM

Quote from: LFC_Bitcoin on November 18, 2014, 10:42:11 AM

Quote from: coinex_BD on November 18, 2014, 10:41:26 AM

Quote from: bobboooiie on November 18, 2014, 10:37:33 AM

This shit is going down ! even feds are dumping Grin

Please elaborate, how feds are dumping...?

50,000 seized coins are being auctioned.

How is that dumping?

According to Wall Street Journal which are quoting an FBI official who says that they plan to market dump on BTC-E.

I've heard they are gonna dump them on btc-is in al bukamal.
Ref http://www.fbi.gov/wanted/topten

N12

donator

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Quote from: Newbie1022 on November 18, 2014, 11:07:17 AM

Quote from: N12 on November 18, 2014, 10:58:21 AM

Quote from: Newbie1022 on November 18, 2014, 10:54:05 AM

He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever.

Thanks Newbie912948350, good to know that Bitcoin isn't ever going to 500s, 600s again.

30,000 BTCs discounted for opportunity costs and the time value of money might actually never reach $600-$700, again. Yes, you're are damn right that's what I'm saying. (I actually don't mean this in a hostile way... just energetic way... it would have to reach Gox bubble levels, again, to make that investment shake out in a profit).

Doesn't mean the nominal price won't be higher.

Ridiculous. Unless Bitcoin is supplanted, it can easily reach his 10k target within 5 years.

Richy_T

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Activity: 2674

Merit: 2373

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Quote from: phoenix1 on November 18, 2014, 10:06:26 AM

Quote from: Richy_T on November 18, 2014, 09:57:03 AM

Quote from: spooderman on November 18, 2014, 09:28:48 AM

I hate that the old chart buddies don't work. They are ideal when you go back over old posts. There are a part of history man!

The images linked to on those posts are long gone. Cost too much to keep them around (though I do have all the data archived).

Well, I am glad you found a way to automate the process - it was a bugger doing it all by hand with 7777. Good job!! Cheesy

I figured 100 pages was plenty. Though I do still have more than 1600 posts in reserve

spooderman

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Activity: 1680

Merit: 1045

Quote from: JimboToronto on November 18, 2014, 10:21:02 AM

Quote from: spooderman on November 18, 2014, 09:28:48 AM

I hate that the old chart buddies don't work. They are ideal when you go back over old posts. There are a part of history man!

Luckily I grabbed a few memorable historic Chartbuddies. Here's a pair of consecutive beauties from the Silk Road bust. Buddy was still using Gox at that point.

[IMG]http://i664.photobucket.com/albums/vv10/JimboToronto/1598017.png[/ig][IMG]http://i664.photobucket.com/albums/vv10/JimboToronto/1598018.png[/ig]

Thank you! I have saved a few of them myself too, though my preservation of history has mainly been screencapping ATHs on bitcoinity.

If only there was some way to permanently store information in a collectively agreed account of history. A public ledger if you will.

None that I know of:(

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: N12 on November 18, 2014, 10:58:21 AM

Quote from: Newbie1022 on November 18, 2014, 10:54:05 AM

He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever.

Thanks Newbie912948350, good to know that Bitcoin isn't ever going to 500s, 600s again.

30,000 BTCs discounted for opportunity costs and the time value of money might actually never reach $600-$700, again. Yes, you're are damn right that's what I'm saying. (I actually don't mean this in a hostile way... just energetic way... it would have to reach Gox bubble levels, again, to make that investment shake out in a profit).

Doesn't mean the nominal price won't be higher.

ChartBuddy

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Activity: 2380

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Explanation

dreamspark

hero member

Activity: 798

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Quote from: Newbie1022 on November 18, 2014, 10:57:11 AM

Quote from: dreamspark on November 18, 2014, 09:57:15 AM

Quote from: Walsoraj on November 18, 2014, 09:51:30 AM

Quote from: dreamspark on November 18, 2014, 09:50:11 AM

Quote from: Newbie1022 on November 18, 2014, 09:39:31 AM

Quote from: ShroomsKit on November 18, 2014, 09:32:09 AM

Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).

If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.

And that they will later regret high bids.

Naturally if you use the one previous auction as the example. The point being even in the uncertain times back then, like now, your not going to win an auction $100 off the spot price.

Depends on how many investors and which investors subscribe... then let the game theory begin. I'd expect a bid below market price although, typically, an auction leads to an inflated price. Investors are likely to give more weight to the risks of having a lot of coins than the savings on the slippage. I mean, that's not an amount you can unload easy (and there is slippage on the way down, too). So, you save buying slippage, but you incur a lot of risk and downside slippage. I just don't see it.

There are numerous theories and all were discussed in detail before the last auction. The conclusion was lets wait and see and then we were shown that the auction winner was pretty much at market price. I'd lean towards that being the case this time.

N12

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Activity: 1610

Merit: 1010

Quote from: Newbie1022 on November 18, 2014, 10:54:05 AM

He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever.

Thanks Newbie912948350, good to know that Bitcoin isn't ever going to 500s, 600s again.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: dreamspark on November 18, 2014, 09:57:15 AM

Quote from: Walsoraj on November 18, 2014, 09:51:30 AM

Quote from: dreamspark on November 18, 2014, 09:50:11 AM

Quote from: Newbie1022 on November 18, 2014, 09:39:31 AM

Quote from: ShroomsKit on November 18, 2014, 09:32:09 AM

Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).

If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.

And that they will later regret high bids.

Naturally if you use the one previous auction as the example. The point being even in the uncertain times back then, like now, your not going to win an auction $100 off the spot price.

Depends on how many investors and which investors subscribe... then let the game theory begin. I'd expect a bid below market price although, typically, an auction leads to an inflated price. Investors are likely to give more weight to the risks of having a lot of coins than the savings on the slippage. I mean, that's not an amount you can unload easy (and there is slippage on the way down, too). So, you save buying slippage, but you incur a lot of risk and downside slippage. I just don't see it.

Tzupy

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Activity: 2170

Merit: 1094

Quote from: fonzie on November 18, 2014, 10:48:38 AM

Quote from: jonoiv on November 18, 2014, 10:44:38 AM

Quote from: LFC_Bitcoin on November 18, 2014, 10:42:11 AM

Quote from: coinex_BD on November 18, 2014, 10:41:26 AM

Quote from: bobboooiie on November 18, 2014, 10:37:33 AM

This shit is going down ! even feds are dumping Grin

Please elaborate, how feds are dumping...?

50,000 seized coins are being auctioned.

How is that dumping?

According to Wall Street Journal which are quoting an FBI official who says that they plan to market dump on BTC-E.

fonzie trolling, what a surprise... No, the feds are auctioning the 50k on behalf of DPR (who still owns them until convicted)
and the US Government (who would own them after getting him convicted), and both believe that the price will take a nose dive.

jonoiv

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Activity: 966

Merit: 526

🐺Dogs for President🐺

Quote from: fonzie on November 18, 2014, 10:48:38 AM

Quote from: jonoiv on November 18, 2014, 10:44:38 AM

Quote from: LFC_Bitcoin on November 18, 2014, 10:42:11 AM

Quote from: coinex_BD on November 18, 2014, 10:41:26 AM

Quote from: bobboooiie on November 18, 2014, 10:37:33 AM

This shit is going down ! even feds are dumping Grin

Please elaborate, how feds are dumping...?

50,000 seized coins are being auctioned.

How is that dumping?

According to Wall Street Journal who are quoting an FBI official who says that they plan to market dump on BTC-E.

Nice try

jaberwock

legendary

Activity: 2772

Merit: 1127

Quote from: jonoiv on November 18, 2014, 10:44:38 AM

Quote from: LFC_Bitcoin on November 18, 2014, 10:42:11 AM

Quote from: coinex_BD on November 18, 2014, 10:41:26 AM

Quote from: bobboooiie on November 18, 2014, 10:37:33 AM

This shit is going down ! even feds are dumping Grin

Please elaborate, how feds are dumping...?

50,000 seized coins are being auctioned.

How is that dumping?

split into 5 lots of 10,000. Each transaction will have a seller and a buyer.

So it's just as easy to say 50,000 will be brought soon.

Rumors are that some uber troll billionaire will buy all lots to drive the price to 0 on Bitstamp and on bTC-E.

That is why we must sell everything before the auction ends

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: dreamspark on November 18, 2014, 09:50:11 AM

Quote from: Newbie1022 on November 18, 2014, 09:39:31 AM

Quote from: ShroomsKit on November 18, 2014, 09:32:09 AM

Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).

If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.

I think that is wishful thinking. I think this auction will look a little more like a Bertrand oligopoly where bids are at cost. Nobody wants to be a punch line like Draper. I mean, dude is infinitely richer than I am and I still have an inner sense of superiority compared to that dunce. He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever. Nobody is going to pull that little stunt, again. Not after how hard he got burnt.

coinex_BD

newbie

Activity: 16

Merit: 0

Quote from: LFC_Bitcoin on November 18, 2014, 10:42:11 AM

Quote from: coinex_BD on November 18, 2014, 10:41:26 AM

Quote from: bobboooiie on November 18, 2014, 10:37:33 AM

This shit is going down ! even feds are dumping Grin

Please elaborate, how feds are dumping...?

50,000 seized coins are being auctioned.

May be it doesn't mean so-called dumping- we all know us-marshal's auction news. I think Tim Draper didn't dump his coin also. There are many VC investor to gram this 16m BTC in one chunk. So bear hype is still very active on market, I think.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: jonoiv on November 18, 2014, 10:44:38 AM

Quote from: LFC_Bitcoin on November 18, 2014, 10:42:11 AM

Quote from: coinex_BD on November 18, 2014, 10:41:26 AM

Quote from: bobboooiie on November 18, 2014, 10:37:33 AM

This shit is going down ! even feds are dumping Grin

Please elaborate, how feds are dumping...?

50,000 seized coins are being auctioned.

How is that dumping?

According to Wall Street Journal which are quoting an FBI official who says that they plan to market dump on BTC-E.

jonoiv

hero member

Activity: 966

Merit: 526

🐺Dogs for President🐺

Quote from: LFC_Bitcoin on November 18, 2014, 10:42:11 AM

Quote from: coinex_BD on November 18, 2014, 10:41:26 AM

Quote from: bobboooiie on November 18, 2014, 10:37:33 AM

This shit is going down ! even feds are dumping Grin

Please elaborate, how feds are dumping...?

50,000 seized coins are being auctioned.

How is that dumping?

split into 5 lots of 10,000. Each transaction will have a seller and a buyer.

So it's just as easy to say 50,000 will be brought soon.

LFC_Bitcoin

legendary

Activity: 3556

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