Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26796. (Read 26686437 times)

Non sequitur.  The price will occupy all the points between here and there, and do so for finite time.  Your conclusion is both irrational and erroneous.


There are two reasons why you don't see it:
1) It is largely invisible.
2) You are mostly blind.

Explanation

If they really did believe that, they would be buying every coin in sight, and the price would be at least 1800$ now.

Every fund owner like Lewis of course wants other people to believe in 2000$ coins, so that they will buy shares of his fund so that he can collect fees.  Every bitcoin hoarder like Ver wants others to believe it, so that they will buy bitcoins and raise the price so that he can sell at bigger profit.

I don t see smart money investing in bitcoin directly. Most if not all the VC investment in "bitcoin infrastructure" is actually going to ventures that will take money from ordinary bitcoin users and private investors as they move their bitcoins around -- exchanges, payment systems, funds, mining, software, etc -- and thus will make a profit whatever happens to the price.

By the way: looking at the charts, I can correlate most of the major price movements to specific events, like the Chinese "bans" and Mark's announcement of a "bug in the protocol .  Only this mini-bubble that started on May 20, about 02:00 UTC does not seem to have such a correlation.  The bubble seems to have been created by 10--20 concentrated episodes of heavy buying that pushed up the price, sometimes by tens of dollars in the space of one hour.  Opposite events (sudden dumps) were rare and mostly in the past few weeks.  Between those pumps the price drifted rather randomly, often with a downward bias.

I wonder what caused those positive spurts.  One guess is that they are due to individual OKCoin clients saving money offline and depositing large sums all at once; their broker system seems too cumbersome for small deposits.  Another guess is that the fund owners are trying to keep the price more or less stable in order to increase the chances of approval of their funds by the SEC.

Explanation

Bitcoin value set to surge according to experts

Speaking at the Coin Summit in London yesterday, Geoff Lewis, partner at the Founders fund, estimates the value of the Bitcoin will skyrocket, "I'm really bullish when there is low volatility" but stated that there will definitely be a rise".

Millionaire investor Roger Ver, dubbed 'Bitcoin Jesus', told the Telegraph: "I actually think $2000 is a pretty conservative estimate.

"We don't know if it will happen this year but there's no doubt in my mind that Bitcoin's price is going to be thousands of dollars and, almost for sure, tens of thousands of dollars for one."...

i'm not a trader, guess they know better than me what to do. Still this looks to me like a glimpse of the future, a very clever solution to the security problem of keeping one private keys safe while mantaining ease of use. Can't help but admire such nice idea

Explanation

I'm sure all the sellers missed that memo.

all this bullishness makes me dump.

i also think this is incredible news. I wonder if there's something else related about to launch, something like "secure home bitcoin box" where you can keep your wallet offline from internet, synced with blockchain (thanks to dvb-t)  and able to securely broadcast your transaction via a pc related application.

very bullish  

Explanation

Everything is awesome bullish!

Well this is pretty cool..

http://beta.slashdot.org/submission/3694105

Finnish National Digital TV Broadcaster Starts Sending Bitcoin Blockchain

"Finnish national digital TV broadcaster Digita co-operates with startup company Koodilehto to start transmission of Bitcoin blockchain and transactions in Terrestrial Digital TV (DVB-T) signal that covers almost the entire Finnish population of 5 million people. The pilot broadcasting starts in September the 1st and lasts two months. The broadcast can be received by a computer with any DVB-T adapter like this $20 dongle. Commercial production phase is planned to begin later this year."

That's true, but these are the daytraders people. I'd call it going down if there would be more than 15-20$ value down for more than 3 hours. Or even better, at the end of the day. 

Explanation

You think a troll-box on a chart site is bullish?

Not a good thing, that'll mean more manipulation.

Betcha we find support over the previous low anyway, giving us more confidence that the downtrend is over.

Beautiful. Summer break for traders! Easy life. Stash the coins in the fridge and go get some colour.

I asked in the bitcoinwisdom thread for a chat feature in the chart page. They answered they were already looking for it....

ANOTHER REASON TO BUYBUYBUY !!!!!!!!!1 BTCBTCBTC