Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26989.

MatTheCat

hero member

Activity: 840

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Quote from: phosphorush on June 27, 2014, 02:10:40 PM

so what's the word? price goign up rather than down? -_^

Resistance trendline of symmetrical triangle has almost been hit as shown in this chart.

Been like that for the past 8 hours or so. Still another 2-3 bucks before the trendline is touched or another $5-$10 before the trendline is tested, but it seems that there aren't many takers willing to risk buying the last Bitcoins of the leg 4 triangle upswing. So to answer your question, the price is going down. Back down to $560s, which is where things will get interesting and we will see if we are to break down to new lows or make a break to upside.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: TERA on June 27, 2014, 02:14:57 PM

Is that MK? Grin

windjc

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Quote from: kireinaha on June 27, 2014, 02:02:41 PM

Quote from: Torque on June 27, 2014, 01:58:50 PM

Quote from: kireinaha on June 27, 2014, 01:52:53 PM

Whereas a week ago, people were saying they'd sell for much higher than market value and other bullshit. Does anyone still believe this?

Well, I can't even fathom what those silly people are wanting or expecting to hear. Auction buyers who paid $800-1000/btc? $5000/btc? These types of HNW professional investors are going to hold on to these coins for a VERY long time, regardless if they paid over or under so-called "market" value. So wtf does it really matter what they paid for them?

You really think they plan to hold them long term? If they were that interested, then why wouldn't they just buy them from the exchanges or directly from miners already? Why wait this long?

Your ignorance amazes me. You actually think institutional investors want to buy on Bitfinex or Bitstamp? Some do. Others would never touch these exchanges with a ten foot pole. Do you realize that many wealthy people use their lawyers as advisors on every business transaction they make? Oh, forget about it, you're hopeless.

windjc

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Quote from: kireinaha on June 27, 2014, 01:52:53 PM

Quote from: Torque on June 27, 2014, 11:50:22 AM

Quote from: kireinaha on June 27, 2014, 11:40:59 AM

This was supposed to be the big one. Our "Silk Road Event" from 2013... the cataylst to the new ATH. So many people have been claiming that these coins will sell for a premium and catapult the market upward. So if it doesn't happen, then I know who's full of shit and who's worth listening to

Hell I'm a perma-bull, and even I don't think this. Even if the coins are sold for a premium above market (whatever that means), and it leaks out to the public (never gonna happen), I wouldn't expect a huge rally or anything. In fact, I'd place my bets on some really stupid fake FUD leak coming out on Monday saying that the coins sold for $200 a piece or some shit. Prompting yet again another mass panic sell off for no reason at all. Either that, or maybe next week comes and goes without anything major happening.

You see, bubbles are actually created (ie., fabricated) by whales who wait for the perfect market conditions to happen + advanced insider knowledge of some major announcements coming down the pipe. Then they start slowly pre-seeding the market with mega dollars to begin the rally. The bubble then feeds on itself, and is catapulted higher with mega media attention + the reveal of the major good news announcements near the middle. This is all planned ahead of time, months in advance. This happens in the stock market as well.

So I just don't see the next 2 weeks as that perfect storm. Perhaps we are still 6-8 weeks away. Or perhaps, not even until next year sometime. I still see a slow steady rise in price regardless of what happens this year.

Edit: Oh you were being sarcastic. Got it.

I was being a bit facetious, yes, but the gist of what I wrote was true. I notice a lot of people back peddling now, but there was a lot of talk from the usual cheerleaders claiming that today would be huge. Now it's more like, the coins will sell for approximately market value, and we may not even know for sure. Whereas a week ago, people were saying they'd sell for much higher than market value and other bullshit. Does anyone still believe this?

Anyone? ... anyone?

*chirp* *chirp*

Show these quotes where people said "much higher." You're full of sh*t. I and others said "above." You've been crowing about how theyd sell below. I said next 5-7 days we are going and prepare yourself. We dont even know what they sold for yet. But the market already started going back up.

Get over yourself. Go sell your coins and go home.

Torque

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Quote from: kodtycoon on June 27, 2014, 02:12:37 PM

Quote from: Torque on June 27, 2014, 02:04:23 PM

Quote from: kodtycoon on June 27, 2014, 02:00:17 PM

would it not be in buyers interest to say they paid more so come tax time they pay less tax? Wouldn't that be reason enough to let it slip out that you paid above market price even if you didn't?

You don't pay taxes on coins you haven't sold.

but they will sell eventually and then they will have to put down a price for what they bought at right?

Yeah sure, when they sell a few in 2018. Or maybe never.

TERA

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Quote from: phosphorush on June 27, 2014, 02:10:40 PM

so what's the word? price goign up rather than down? -_^

It's going up, as predicted by Train Analysis.

kodtycoon

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Quote from: Torque on June 27, 2014, 02:04:23 PM

Quote from: kodtycoon on June 27, 2014, 02:00:17 PM

would it not be in buyers interest to say they paid more so come tax time they pay less tax? Wouldn't that be reason enough to let it slip out that you paid above market price even if you didn't?

You don't pay taxes on coins you haven't sold.

but they will sell eventually and then they will have to put down a price for what they bought at right?

phosphorush

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so what's the word? price goign up rather than down? -_^

hmmmstrange

hero member

Activity: 669

Merit: 500

Alex Waters bidding on bloomberg, joking 500, didn't want someone to bid 501. Said he was bidding low. Suspect he's bidding a lot higher.

cech4204a

sr. member

Activity: 252

Merit: 250

12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw

Quote from: kodtycoon on June 27, 2014, 02:00:17 PM

Quote from: cech4204a on June 27, 2014, 01:57:12 PM

Quote from: ?? on ??

I just had some trouble converting the 6 PM EDT time to my local time but I think I got it.
The auction ends in about 3 hours, am I right?
Can somebody confirm?

Yes, you are right, 3 more hours baby and than BTC price will be released from the effect of FUD people.

would it not be in buyers interest to say they paid more so come tax time they pay less tax? Wouldn't that be reason enough to let it slip out that you paid above market price even if you didn't?

I'm not sure if you are spaming or you just missed your Quote ? Please check and report in my office.

Torque

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Quote from: kodtycoon on June 27, 2014, 02:00:17 PM

would it not be in buyers interest to say they paid more so come tax time they pay less tax? Wouldn't that be reason enough to let it slip out that you paid above market price even if you didn't?

You don't pay taxes on coins you haven't sold.

MatTheCat

hero member

Activity: 840

Merit: 1000

BITCOINS FOR SALE!!!

1 BTC FOR JUST $590.01!!!

Any takers?

Anyone?

kireinaha

sr. member

Activity: 350

Merit: 253

Quote from: Torque on June 27, 2014, 01:58:50 PM

Quote from: kireinaha on June 27, 2014, 01:52:53 PM

Whereas a week ago, people were saying they'd sell for much higher than market value and other bullshit. Does anyone still believe this?

Well, I can't even fathom what those silly people are wanting or expecting to hear. Auction buyers who paid $800-1000/btc? $5000/btc? These types of HNW professional investors are going to hold on to these coins for a VERY long time, regardless if they paid over or under so-called "market" value. So wtf does it really matter what they paid for them?

You really think they plan to hold them long term? If they were that interested, then why wouldn't they just buy them from the exchanges or directly from miners already? Why wait this long?

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Here is some quality TA:
Before Auction:

AFTER AUCTION:

Bios Optimus

newbie

Activity: 55

Merit: 0

Quote from: ChartBuddy on June 27, 2014, 02:00:43 PM

http://www.rtcons.com/wall/bitstamp.16248.18.small.png?1=2
Explanation

Chart Buddy right on time

ChartBuddy

legendary

Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

kodtycoon

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Activity: 1568

Merit: 1002

Quote from: cech4204a on June 27, 2014, 01:57:12 PM

Quote from: ?? on ??

I just had some trouble converting the 6 PM EDT time to my local time but I think I got it.
The auction ends in about 3 hours, am I right?
Can somebody confirm?

Yes, you are right, 3 more hours baby and than BTC price will be released from the effect of FUD people.

would it not be in buyers interest to say they paid more so come tax time they pay less tax? Wouldn't that be reason enough to let it slip out that you paid above market price even if you didn't?

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: kireinaha on June 27, 2014, 01:52:53 PM

Whereas a week ago, people were saying they'd sell for much higher than market value and other bullshit. Does anyone still believe this?

Well, I can't even fathom what those silly people are wanting or expecting to hear. Auction buyers who paid $800-1000/btc? $5000/btc? These types of HNW professional investors are going to hold on to these coins for a VERY long time, regardless if they paid over or under so-called "market" value. So wtf does it really matter what they paid for them?

The Winklevoss Twins own 1000's of coins, and I believe paid ~$100-ish/btc. They have yet to sell a single, SINGLE, coin yet. And from what I hear, don't plan to any time soon.

So why would these auction buyers be any different than the Winklevii?

cech4204a

sr. member

Activity: 252

Merit: 250

12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw

Quote from: ?? on ??

I just had some trouble converting the 6 PM EDT time to my local time but I think I got it.
The auction ends in about 3 hours, am I right?
Can somebody confirm?

Yes, you are right, 3 more hours baby and than BTC price will be released from the effect of FUD people.

kireinaha

sr. member

Activity: 350

Merit: 253

Quote from: Torque on June 27, 2014, 11:50:22 AM

Quote from: kireinaha on June 27, 2014, 11:40:59 AM

This was supposed to be the big one. Our "Silk Road Event" from 2013... the cataylst to the new ATH. So many people have been claiming that these coins will sell for a premium and catapult the market upward. So if it doesn't happen, then I know who's full of shit and who's worth listening to

Hell I'm a perma-bull, and even I don't think this. Even if the coins are sold for a premium above market (whatever that means), and it leaks out to the public (never gonna happen), I wouldn't expect a huge rally or anything. In fact, I'd place my bets on some really stupid fake FUD leak coming out on Monday saying that the coins sold for $200 a piece or some shit. Prompting yet again another mass panic sell off for no reason at all. Either that, or maybe next week comes and goes without anything major happening.

You see, bubbles are actually created (ie., fabricated) by whales who wait for the perfect market conditions to happen + advanced insider knowledge of some major announcements coming down the pipe. Then they start slowly pre-seeding the market with mega dollars to begin the rally. The bubble then feeds on itself, and is catapulted higher with mega media attention + the reveal of the major good news announcements near the middle. This is all planned ahead of time, months in advance. This happens in the stock market as well.

So I just don't see the next 2 weeks as that perfect storm. Perhaps we are still 6-8 weeks away. Or perhaps, not even until next year sometime. I still see a slow steady rise in price regardless of what happens this year.

Edit: Oh you were being sarcastic. Got it.

I was being a bit facetious, yes, but the gist of what I wrote was true. I notice a lot of people back peddling now, but there was a lot of talk from the usual cheerleaders claiming that today would be huge. Now it's more like, the coins will sell for approximately market value, and we may not even know for sure. Whereas a week ago, people were saying they'd sell for much higher than market value and other bullshit. Does anyone still believe this?

Anyone? ... anyone?

*chirp* *chirp*

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26989. (Read 26630526 times)