Another trend reversal. Moon!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25024. (Read 26710372 times)
October 15, 2014, 04:23:09 PM
October 15, 2014, 04:10:08 PM
Off to bed. Probably be over 400 when I wake, eh Shroomskit? Nn porkchop
October 15, 2014, 04:09:28 PM
Everyone ready for today's pump and dump? Remember, don't be that guy who buys at the top.
One of these days we will have a day, or two, or three with pump and no dump.
It might just catch a few of you by surprise.
October 15, 2014, 04:07:50 PM
Another trend reversal. Moon!
October 15, 2014, 04:05:09 PM
Everyone ready for today's pump and dump? Remember, don't be that guy who buys at the top.
October 15, 2014, 04:01:00 PM
October 15, 2014, 03:57:17 PM
420 COMING
October 15, 2014, 03:33:15 PM
But in the end, bitcoin was designed to account for the participation of less than trust-worthy entities. I think overall bullish - even though there will continue to be battles and ongoing attempts at manipulation.
It's ideal for them, iirc a bank of America chief stated Bitcoin could replace the SDR last year, the only trouble is doing it without making a load of smelly hippies stinking rich in the process 
You mean those alpaca-sock-wearing crypto-hippies? Those are the worst kind! Urgh!
October 15, 2014, 03:30:46 PM
Just so everyone knows, Barry Silbert (Second Market Bitcoin Trust) basically admitted that some of the price decline was because of "tax selling" in today's tweet. (the tax extension deadline in the US is today, October 15th)
He even gave everyone a heads up about it in an earlier tweet on Oct 6th.
Quote
I know this will surprise nobody, but I'm feeling really good about bitcoin right about now. Plus, tax selling is finally behind us.
https://twitter.com/barrysilbert/status/522440627502723075He even gave everyone a heads up about it in an earlier tweet on Oct 6th.
Quote
Surprised how few are connecting the recent selling pressure to the Oct 15 tax extension deadline. Taxes due from '09-'13 mining/usage/sales
https://twitter.com/barrysilbert/status/519120987334651905Read carefuly, he did not say "the price is falling because American bitcoiners are tax selling".
"Surprised how few are connecting the recent drop of the DJA to the anniversary of the Battle of Hastings."
"I am feeling good about the DJA right now. Plus, the Russia Formula 1 race is finally behind us."
There is a thread that keeps track of what is being bought and sold by the Second Market Bitcoin Trust (see https://bitcointalksearch.org/topic/gbtc-bitcoin-investment-trust-observer-337486 ) and there was some large sells before today's deadline. Barry Silbert is at least aware of funds being sold for this obviously. It could very well have had an effect on the price. I am not sure why you are being argumentative?
Well, I guess I have a more pessimistic notion of financial types, be they bitcoiners or not...
People who bought SMBIT shares six months ago, when BTC was ~600$, must be getting uneasy and thinking of liquidating before the price falls even further. So Barry has to tell them something that would "explain" the drop as a temporary thing.
I don't believe in that "tax seling" explanation, and I suspect that he doesn't believe it either. I don't see evidence that China has relinquished control, and China obviously does not care about that deadline. So he cannot say it explicitly; if the price keeps falling for the next few days (which it may or may not do, who knows), that would harm his credibility. Better just mention the two things side by side, and let the readers infer a connection. "Wait, I never said that!"...
By the way, the last udate to that thread shows that SMBIT bought ~1500 BTC a couple of days ago, and now sold ~1500 BTC. So that buy may have been just a glitch in the monitoring.
October 15, 2014, 03:30:03 PM
...but we already know you're a liar so I won't ask for examples.
Learn to be more polite when you talk to your betters.
Indeed I do.
October 15, 2014, 03:29:10 PM
...but we already know you're a liar so I won't ask for examples.
Learn to be more polite when you talk to your betters.
October 15, 2014, 03:21:30 PM
And regardless of how much of a fiction the price is, my point is simple: assuming it's less of a fiction now than it was at it's peak is unjustified.
In the alternative, if the price was artificially inflated then, why use that price to bolster "we're going to the moon again" arguments? According to you, we've never been there.
And being a stickler about one year--hey, those prices were inflated by Gox, just like the peak. Commit it then to the flames: for it can contain nothing but sophistry and illusion.
The price is the only truth: What two people have, at a particular point in time, agreed to trade for (unless you're talking outright fraud which Gox may have been up to). All else is smoke with varying degrees of relevancy. I am unaware of anyone that has been using Gox's ATH to put forth "to the moon" arguments but we already know you're a liar so I won't ask for examples.
October 15, 2014, 03:13:38 PM
Oh look. A wall, trying to push us down. What a surprise.
Yeah, and price pegged to some meaningless number ($391.59, lol)Whales Wars. That's all this stupid market is now. Joe Public doesn't give a rats ass about bitcoin, and won't until a new artificial rally gets created again by the whales.
Yes. These people are completely ruining this market.
Hahah, you are saying this, did not expected from this.
October 15, 2014, 03:02:02 PM
I find extremely frustrating the fact that IMF and JPM are SERIOUSLY considering BTC and Blockchain as a financial way towards their future. I can't HODL BTC under those circumstances. It's not ethical nor sane. Should I SODL?
Link or it didn't happen
Thanks Stan... Overall seems bullish for bitcoin (and blockchain) - even though many bitcoiners do NOT trust the involvement of various big institutionalized entities being involved with the blockchain... ...
But in the end, bitcoin was designed to account for the participation of less than trust-worthy entities. I think overall bullish - even though there will continue to be battles and ongoing attempts at manipulation.
October 15, 2014, 03:00:58 PM
October 15, 2014, 02:58:10 PM
Lol, the Bitcoin chart is graduated in dollars, dumbass. If the dollar value fell, as you seem to be implying, and BTC fell 70% vis-a-vis that inflated dollar, Bitcoin must have REALLY tanked
Tanked from where? The bubble-driven, Karpeles-scam-driven ATH which you always seem to be using or the beginning of the year price which is what you claim to be using?
Or how about from a year ago from *right now*? (See chart above)
Oh, I agree. Bitcoin price is a fiction, always was and always will be--propped up by every exchange, not just Gox. If today's price is in any way meaningful, so was Dec. price.
And learn the meaning of YTD.
You learn the meaning of YTD. What was the price at 00:01 UTC on Jan 1st, 2014?
And price is not a fiction though it has less meaning than many would believe.
You win! you only lost HALF of your value YTD.
And regardless of how much of a fiction the price is, my point is simple: assuming it's less of a fiction now than it was at it's peak is unjustified.
In the alternative, if the price was artificially inflated then, why use that price to bolster "we're going to the moon again" arguments? According to you, we've never been there.
And being a stickler about one year--hey, those prices were inflated by Gox, just like the peak. Commit it then to the flames: for it can contain nothing but sophistry and illusion.
October 15, 2014, 02:57:21 PM
October 15, 2014, 02:53:49 PM
Oh look. A wall, trying to push us down. What a surprise.
Yeah, and price pegged to some meaningless number ($391.59, lol)Whales Wars. That's all this stupid market is now. Joe Public doesn't give a rats ass about bitcoin, and won't until a new artificial rally gets created again by the whales.
Yes. These people are completely ruining this market.
October 15, 2014, 02:53:31 PM
Oh look. A wall, trying to push us down. What a surprise.
Yeah, and price pegged to some meaningless number ($391.59, lol)Whales Wars. That's all this stupid market is now. Joe Public doesn't give a rats ass about bitcoin, and won't until a new artificial rally gets created again by the whales.
Quite possibly. Unless we get to the halving first.
October 15, 2014, 02:50:44 PM
Just so everyone knows, Barry Silbert (Second Market Bitcoin Trust) basically admitted that some of the price decline was because of "tax selling" in today's tweet. (the tax extension deadline in the US is today, October 15th)
He even gave everyone a heads up about it in an earlier tweet on Oct 6th.
Quote
I know this will surprise nobody, but I'm feeling really good about bitcoin right about now. Plus, tax selling is finally behind us.
https://twitter.com/barrysilbert/status/522440627502723075He even gave everyone a heads up about it in an earlier tweet on Oct 6th.
Quote
Surprised how few are connecting the recent selling pressure to the Oct 15 tax extension deadline. Taxes due from '09-'13 mining/usage/sales
https://twitter.com/barrysilbert/status/519120987334651905Read carefuly, he did not say "the price is falling because American bitcoiners are tax selling".
"Surprised how few are connecting the recent drop of the DJA to the anniversary of the Battle of Hastings."
"I am feeling good about the DJA right now. Plus, the Russia Formula 1 race is finally behind us."
There is a thread that keeps track of what is being bought and sold by the Second Market Bitcoin Trust (see https://bitcointalksearch.org/topic/gbtc-bitcoin-investment-trust-observer-337486 ) and there was some large sells before today's deadline. Barry Silbert is at least aware of funds being sold for this obviously. It could very well have had an effect on the price. I am not sure why you are being argumentative?
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