Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25829. (Read 26609990 times)

They have been DDoS-ed pretty bad and suspended activity as precaution.
See here for an article about this.

grappa, what's up with SR2?

Also, nice one Toronto, race is on!

100,000 btc to whoever reaches hero status first?

Interesting.

There's no doubt that on the way to mass adoption, some of the large-holding early adopters are going to end up parting with decent quantities of their stash one way or another. Hopefully there won't be too many like this.

The walls and dumps do look a bit more like manipulation than a genuine sell-off to my eyes though.

dear mr manipulator:

1) fuck you
2) i won't sell no matter what
3) i will sleep very well even with btc @1$

Hal Finney passed away a few weeks ago, perhaps whoever was given his coins needs the money right away or maybe doesn't believe in BTC's long term potential.

Perhaps Hal's illness prompted his selling in June just as BTC was beginning to rise. Perhap Hal is the reason that the price has been suppressed and the July burst did not occur.

I think it is irrelevant for bitcoin price. This new market is very new, and those can be profitable due to confusion. It is also worth noting that the price is not bad for a mining contract, and that there is no way to short right now because there are almost no swaps yet offered. If you want to check the trades happening you can use a JSON parsing browser plugin and use this url to get them. I use JsonView for Chrome.

As for silk road deja vu... lets hope man  

Explanation

I thought that it was Andreas Antonopolis, or maybe Risto Pitiella?

 

I agree with your whole post and the point that Alex was making in the link that you provided.

However, I quibble a little bit with your last specification about when, if at all, to sell coins.

In the selling coins department, I remain of the belief that there is going to be some back and forth and ups and downs in the BTC prices between the current price and approximately $850 per BTC.  Once BTC prices go past $850, then the prices are going to shoot past $850 and also shoot past the previous ATH to at least $2,000 and more likely in the $3k to $5k region...and possibly greater amounts - even shooting into the $10k territory is within realistic possibilities (that 10K per BTC would put BTC market cap at $150 billion - which is certainly supportable given the current BTC infrastructure developments).

Ultimately, individuals need to decide for themselves at which price points, and if at all, they want to sell or engage in BTC trading and to keep in mind that there may be various exponential price growth periods that would make it wiser to hold onto your coins during such exponential price growth periods (and difficult to measure exactly the distance and intensity of such exponential growth periods).

Surely for the overall price appreciation of BTC, there would be a certain value in having more people holding rather than trading BTC, but it will NOT be easy to stop people from wanting to cash out at various periods during exponential growth because they come to the conclusion that they, on a personal level, better get out while the getting out is still profitable (fearing that the upward BTC price run is at the potential end of its course).

The best way to stall Bitcoin is to spread FUD and impose all kinds of burdensome regulations.

It is a guy called Mark Karpeles

Sorry if I was a little slow to pick that up.

There are still some people out there who seriously treat bitcoins as if they were stocks, tulip bulbs or bonds.

 

These various conspiracy theories about large coin holders purposefully dumping in order to cash out, even though there is some truth to them, are frequently overrated and over calculated as a probability that is more likely to be slim.

Large holders, who generally believe in BTC, are NOT going to cash out large portions of the BTC stash.

Nonetheless, after giving further consideration to this question, I have been thinking that more and more of the status quo wealthy elite are engaging in manipulation to get more coins and to trick regular people (weak hands) to lose faith in BTC and to sell their coins at these low prices and I think that they are running out of sellers and they are running out of their own coins. 

There are also some status quo wealthy that either do NOT believe in BTC and they are reluctant to get into BTC for a variety of reasons, including that they believe that BTC remains too small potato.. . Accordingly, there is likely going to be a considerable amount of redistribution of wealth from the status quo wealthy to the new wealthy elite, gentlemen... he he he... which will include some of us regular folks who have invested into BTC and we are going to continue to HODL.... in spite of the various downward manipulation pressures and in spite of the various FUD (including your suggestion that some big holders are inspired and conspiring to dump their coins)

You did miss the IPO, apparently it happened in Nov '13.  But Bitcoin turned out to be another Twitter in disguise, hence the ongoing 9+ month decline, lol.

Hope you know I'm joking, right?

Sure... contradictory was maybe a bit too strong of a characterization, and I agree that sometimes we need to keep some personal details out of our public posts, even though some of the personal details can be helpful to better understand how another person maybe weighing various factors.. and attaching values and probabilities to various parts of their investment portfolio. 

Personally, I consider my investment plan to be somewhat solid and established - however, some aspects of my investment plan, including the evolving bitcoin portion, remains more volatile than other aspects of my investment plan, and therefore, I consider the bitcoin portion to be much more subject to monitoring and tweaking - which also tends to cause me to reconsider other non-bitcoin aspects of my overall investment portfolio.

1) what these contracts mean for BTC price?
2) SR2 under attack? what happened? deja vu?

So Bitcoin is a stock now?

Gee I must have missed the IPO.

Who's the CEO of this company? I wanna learn more.

YEP!!!... That thread has NOT been bumped for a while - Probably, the popularity of that thread, gentlemen, correlates with periods of exponential increases in BTC prices (or at least when people are feeling optimism).... 

His wife claimed they sold all to pay for his cryo-statis (and were originally going to use it for a speech computer but that was incompatible with Hal unfortunately).