Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27027. (Read 26686272 times)
June 25, 2014, 03:18:01 PM
'tis a bearish pennant, or just Stamp following sleepy Huobi?
June 25, 2014, 03:16:53 PM
The US Government auctioned the coins now because it is not supposed to hold on to seized property.
This is a factual error. The USG often retains seized property and uses it as it sees fit. It's one of the perks of being allowed to seize property. If you like something, you take it. If they can't afford a law suit to get it back, it's all candy.They are counting on being able to auction off the other 140,000+ BTC at some point in the future, so selling 30,000 now is probably prudent.
June 25, 2014, 03:14:47 PM
The US Government auctioned the coins now because it is not supposed to hold on to seized property.
This is a factual error. The USG often retains seized property and uses it as it sees fit. It's one of the perks of being allowed to seize property. If you like something, you take it. If they can't afford a law suit to get it back, it's all candy. 
June 25, 2014, 03:11:28 PM
Still some time left to buy
http://nypost.com/2014/06/25/its-david-vs-goliath-in-race-to-launch-nys-first-regulated-bitcoin-exchange/
http://nypost.com/2014/06/25/its-david-vs-goliath-in-race-to-launch-nys-first-regulated-bitcoin-exchange/
Please don't post positive news. People will panic and dump.
June 25, 2014, 03:04:25 PM
Jorge became a cultist some time ago... I clearly remember that he wrote that he doubled (or tripled?) his BTC portfolio. Todays drop was clearly Jorge cashing out because he needed a little extra cash for the auction. 
Actually I did not buy nor sell any coins today, but the USD value of my holdings doubled again, nevertheless. 
Good to hear you are a hodler
June 25, 2014, 03:03:38 PM
Jorge became a cultist some time ago... I clearly remember that he wrote that he doubled (or tripled?) his BTC portfolio. Todays drop was clearly Jorge cashing out because he needed a little extra cash for the auction.
Actually I did not buy nor sell any coins today, but the USD value of my holdings doubled again, nevertheless. 0 x 2 = 0.
June 25, 2014, 03:00:49 PM
June 25, 2014, 02:58:00 PM
lets hope for the best, altho i doubt this will attract what we need.
there is no real good press lately regarding bitcoin, and this auction could be even more severe than we thought.
i believe the real action is going to take place this weekend, and judging by current cluctuations, it could even dip under 500$ range.
June 25, 2014, 02:51:44 PM
Jorge became a cultist some time ago... I clearly remember that he wrote that he doubled (or tripled?) his BTC portfolio. Todays drop was clearly Jorge cashing out because he needed a little extra cash for the auction.
Actually I did not buy nor sell any coins today, but the USD value of my holdings doubled again, nevertheless. June 25, 2014, 02:49:46 PM
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Mark Williams, a former bank examiner and now lecturer at Boston University, said the interest from Pantera and SecondMarket amounts to “a speculative bet, not of new buyers, but the same market promoters.” “This auction doesn’t validate Bitcoin but simply demonstrated that the U.S. government is anxious to get out before prices drop again,” Williams wrote in an e-mail. “The U.S. Marshals Service has over 29,000 reasons to sell by private auction and sell now.”
Methinks he is fantasizing here. The US Government auctioned the coins now because it is not supposed to hold on to seized property. So they set up the auction as soon as the court cleared it --- in the government's sense of "as soon as", which in this case was "only" a couple of months later.
The article also confuses these coins with the "DPR seized coins".
June 25, 2014, 02:42:49 PM
If you were ever going to pay above market for btc, now would be the time to do it. Some time 5-10 days from now, BTC will put in its lowest daily bottom, and prices will always be higher thereafter. (Says the monkey, but I will take responsibility this time, because I agree -- and yes, perhaps it is magical thinking. He is, after all, a magic monkey.)
What makes you say 5-10 days?
There will be news stories about millions of dollars in bitcoin being sold to investors by US Marshals, and at the same time, it will become apparent to people in this forum that those coins are not coming to market after that amount of time.
June 25, 2014, 02:42:43 PM
Still some time left to buy
http://nypost.com/2014/06/25/its-david-vs-goliath-in-race-to-launch-nys-first-regulated-bitcoin-exchange/
http://nypost.com/2014/06/25/its-david-vs-goliath-in-race-to-launch-nys-first-regulated-bitcoin-exchange/
June 25, 2014, 02:36:59 PM
If you were ever going to pay above market for btc, now would be the time to do it. Some time 5-10 days from now, BTC will put in its lowest daily bottom, and prices will always be higher thereafter. (Says the monkey, but I will take responsibility this time, because I agree -- and yes, perhaps it is magical thinking. He is, after all, a magic monkey.)
What makes you say 5-10 days?
June 25, 2014, 02:33:41 PM
Is this some rhesus monkey that you've imprisoned and hooked to electrodes to exploit his clairvoyant talents?
Pretty much. He has served me well.
I was considering all the dirty bitcoin that were sold at 650, in anticipation of buying clean bitcoin from the marshall's sale.
I suppose they will all bid half way between today's price and their 650 sell. Therefore, I hypothesize a 616 average strike.
June 25, 2014, 02:31:09 PM
Thanks for cutting my post into half, don't do that again. I guess you agree with point 2 and 3. [ ... ]
It is good etiquette to trim the posts you are replying to, leaving only the parts that are relevant to the reply. However I should have added "[ ... ]" to show that parts were omitted; my apologies for being lazy.Yes Jorge!, until you join the cult we hold you to a different standard,
Jorge became a cultist some time ago... I clearly remember that he wrote that he doubled (or tripled?) his BTC portfolio. Todays drop was clearly Jorge cashing out because he needed a little extra cash for the auction.
June 25, 2014, 02:02:09 PM
June 25, 2014, 02:01:19 PM
Woah... Since when are you a hero member, Eurotrash?
no idea. I didn't post anything heroic recently. Mostly one-liners. If anyone, you 'd deserve that badge way more than I do.
Quote
EDIT: I think there's a rule... no more meme pics, as a hero. Only serious analysis, presented in a stately manner
Statistical evidence collected by sampling the population of hero members in Speculation forum suggests otherwise.
If you could plot trollishness as a function of nickname age in bitcointalk, I think we'd end up with a parabolic curve.
June 25, 2014, 01:54:16 PM
There would have been a set date that the coins would have had to have been sold by...(?)
Regardless... Mark Williams is such a douche.
June 25, 2014, 01:46:10 PM
It is magical thinking on our part to believe that anyone will pay above market prices for bitcoins, especially in this tepid market.
If you were ever going to pay above market for btc, now would be the time to do it. Some time 5-10 days from now, BTC will put in its lowest daily bottom, and prices will always be higher thereafter. (Says the monkey, but I will take responsibility this time, because I agree -- and yes, perhaps it is magical thinking. He is, after all, a magic monkey.)
lol what is this magic monkey that I keep hearing of? I must have missed something many pages ago. Is this some rhesus monkey that you've imprisoned and hooked to electrodes to exploit his clairvoyant talents?
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