Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27120. (Read 26711057 times)

legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
we're still in a bullish consolidation, flag formation from the last leg up. if BFX breaks 600 to the downside, i will reconsider, but i think we should head up to 630-650 in the next couple days.

1h, 2h, 4h, 6h and 3d are going down  Sad
i hope it will not break $600
it has to stay and rise!
let's pray and see...
 



Well, if nothing else works, then praying should NOT hurt.....  Cheesy Grin Wink
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"


We rally now?

NOT yet!!!!   However, the week is coming near closing, and it will be very interesting if that weekly MACD candle closes green (at this point, barely green - yellow as an earlier poster mentioned).

Why look at the weekly MACD specifically? If you look at other time periods, it seems to be at varying points of the sine curve, (3d).

I don't really know anything much about TAs.  It just seems to be a delayed indicator of a longer term upward trend in BTC prices and b/c one week macd is the longest period that bitcoinwisdom allows to chose as a setting.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
So, when is someone going to buy an island, start a farm, power plant, ISP, and waste water treatment facility that does everything in bitcoin?  Then, we can say F*** fiat, lets price everything in BTC.  I'd rather pay a set BTC price every freakin' time then buy a couple pizzas worth a few million dollars a couple years later.  

Any takers?  That'd be the easiest way to start a TRUE BTC economy that's not dependent on the Fiat->BTC relationship.  Granted, it would probably take a little while to get going, but it would be awesome...

I understand Risto's Bitcoin Supernode Hideaway is intended to be all Bitcoin. I'm not sure what his timeline on getting that up and operational is.

2021, I think.

That's quite a ways away. If Bitcoin hasn't caught fire by then, it may never. If it does before, someone is likely to eat his lunch. Then again, if his holdings increase in value, he can probably bring the schedule forward significantly and still have first-mover advantage. Though his choice of location may prove to be an issue.

I was trying to be funny, so I should have put a smiley face next to my response... or maybe if I said 2139, then that would have been more funny....   I'll feel lucky to still be around in 2039, and there may be some grandchildren of currently living people around in 2139, if they are lucky.
sr. member
Activity: 476
Merit: 250
I picked 90% in the poll for the price paid.

I am starting to think that they may be conservative and may exceed 100% due to slippage. 

Slippage in this market for orders of that size can exceed 10% ($60)
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
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Per translate.google.com:
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Thanks... Even the translation does NOT make any sense to me... In other words, those are NOT my words.   Sad
hero member
Activity: 910
Merit: 1003
why would [a miner] sell at discount when [he has] all the time in the world selling on exchanges patiently
Because a miner has to pay large regular bills for electricity, staff, maintenance etc., which will not wait.

Also he would seek a long-term contract with a buyer, at a fixed BTC price, before investing millions in equipment; and that would almost certainly be below the current market price, if the other party is minimally prudent.
legendary
Activity: 2016
Merit: 1259
okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?


If I wanted 3k coins, I would contact a miner and attempt to negotiate a price a little under market.

If this auction appeared on my radar whilst I was considering it, I'd probably throw in a low-ball offer on the off-chance.

Thus I think these coins will sell at a discount.

And lets face it, the US gov't is more likely to snatch a defeat from the jaws of victory than the other way around.  If a fair market value is 100-110% of current, then they are unlikely to accept any bid over 60%.  People might start to expect responsible actions from them.
full member
Activity: 192
Merit: 100
Guys what is happening with bitcoinwisdom? It is all outa whack.
huObi is broken, use OKCoin instead.

I know Houbi buff their numbers already, but whats going on really?

Heh, J/K, thanks for the heads up.

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?


If I wanted 3k coins, I would contact a miner and attempt to negotiate a price a little under market.

If this auction appeared on my radar whilst I was considering it, I'd probably throw in a low-ball offer on the off-chance.

Thus I think these coins will sell at a discount.

with the ever increasing hashrate trying to mine 3k coins may prove to be challenging. http://youtu.be/KXOZgLmbkHA
legendary
Activity: 1159
Merit: 1001
Guys what is happening with bitcoinwisdom? It is all outa whack.
huObi is broken, use OKCoin instead.
sr. member
Activity: 392
Merit: 250
okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?


If I wanted 3k coins, I would contact a miner and attempt to negotiate a price a little under market.

If this auction appeared on my radar whilst I was considering it, I'd probably throw in a low-ball offer on the off-chance.

Thus I think these coins will sell at a discount.

If I was a miner with such hashing power I would make a deal of at least 5% premium, why would I sell at discount when I have all the time in the world selling on exchanges patiently and when I know that the buyer if he was to buy 3K directly from the exchanges would most likely drive the price up which will benefit me in the end.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?


If I wanted 3k coins, I would contact a miner and attempt to negotiate a price a little under market.

If this auction appeared on my radar whilst I was considering it, I'd probably throw in a low-ball offer on the off-chance.

Thus I think these coins will sell at a discount.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 192
Merit: 100
Guys what is happening with bitcoinwisdom? It is all outa whack.
hero member
Activity: 910
Merit: 1003
what is the going market rate for bitcoins which are certified by the U.S. government to be free of legal encumbrances?
Freshly mined coins are almost as good, aren't they?  So we may get a clue from the price that miners get in private sales.  Are there any examples known?

(The government may perhaps harass an investor for buying from a certain miner that they don't like, but if the government failed to blacklist that miner beforehand, the investor would have good defense in court.  Like trading with some unfriendly government before trading sanctions are in place -- one cannot get prosecuted for that.)

However, note that the "cleanliness" of those auctioned coins extends only to the acquisition by the winning bidder.  Once the coins are out of government's custody, they are not substantially different from any other coins.  If that bidder is later found to be a criminal, those coins may be seized again, especially if he paid the USMS with revenue from crimes.  If someone else buys some coins from him before this second seizure,  those coins would be no "cleaner" than coins bought from DPR before the SR bust.
legendary
Activity: 1512
Merit: 1005
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I agree. Typical wall street slang. They will soon come. You will notice it also on the price.

You really think it'll be like that? Maybe later, but definitely not when they start. Expect surprises.

It can be argued all ways.



This is all Mumbo Jumbo to me, and I do NOT understand what I supposedly said.   Huh    Undecided    Cry

I thought so too, but some comments half way persuaded me it was legit. This is absurd!
hero member
Activity: 840
Merit: 1000
Do please tell us Mat, what is the going market rate for bitcoins which are certified by the U.S. government to be free of legal encumbrances?

What, can't find any?

Hmm.  Perhaps they are, should we say, rare?

Where do I start?

Erm.....I acknowledge that you are not alone in this belief, but do you realise the lunacy of what you are saying?

Only on this forum, would you find a consensus that thinks there is a difference between Bitcoins seized and sold by a Government and those bought and sold on an exchange or in OTC trades. Do you think that one day we will have YouTube auctions selling 'government sanctioned' BTC at a premium over spot? Will they come with little certificates of authenticity? Will they be sold in little virtual display cases?

sr. member
Activity: 392
Merit: 250
The problem with SR coins is not that they'll get dumped, but that those investors who would normally buy bitcoin using 3rd party exchange operators are now NOT investing anymore and they simply wait to bid.
There is no way of telling how many bidders there will be and what will be the winning bid.  At this point, I would guess 10% probability that any given bidder will get any coins at all.

So, buying at the auction cannot be part of any strategic planning.  For the bidders, it will be an opportunistic shot in the dark -- may provide juicy extra gain if it succeeds, but most likely it will not, so the bidder would have to plan for business as usual.  The main impact would be for the "poorest" bidders who will have to set aside the auction money until the bids are opened, and thus may be forced postpone their regular buys.

Plus there are even more investors looking for the 144K auction
But has the court cleared that auction yet?

(I know that DPR hasn't exhausted the appeals yet, but I vaguely recall reading somewhere that the court had authorized the auction, with the understanding that DPR would be refunded in dollars if he wins on appeal.  Is this correct?)

If that auction has to wait for the appeals, then it may be a long way off -- a year, maybe?


those investors won't wait 1 year thats for sure. I don't know the current status off the appeal but I do know the USMS mentioned those 144K being offered at an separate auction at a later date so those investors who would normally want to invest they probably wait to see if that auction will be set in a reasonable time frame.
hero member
Activity: 518
Merit: 500
okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?
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