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).
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27125. (Read 26711240 times)
June 19, 2014, 03:25:00 PM
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).
June 19, 2014, 03:22:35 PM
Hi, greetings from the vast newbie/lurker community.
Would anyone care to speculate or provide a link as to the ramifications of $1 billion being dropped on the market as a long-term buy/hold. I suppose this probably won't happen until Wall Street or some other regulated exchange is able to be used. Just a random, large number I picked, but I'm new to all this and am curious as to how people will react the when/if the next round of big money shows up.
Thanks for your thoughts, ideas, and pictures.
Would anyone care to speculate or provide a link as to the ramifications of $1 billion being dropped on the market as a long-term buy/hold. I suppose this probably won't happen until Wall Street or some other regulated exchange is able to be used. Just a random, large number I picked, but I'm new to all this and am curious as to how people will react the when/if the next round of big money shows up.
Thanks for your thoughts, ideas, and pictures.
Personally, I doubt that big money, such as $1 billion will be dropped all at once, until maybe the market cap is around $100 billion..
Accordingly, investment chunks will be smaller... and yes, if they prices is going up, then it becomes more easy to drop larger chunks, yet large chunks cause the price to go up too much, so investors with large chunks want to attempt to control the price rises (while they are buying), to the extent that they can.... and maybe once they are mostly in, then they do NOT mind manipulating the prices upwards with smaller amounts...
June 19, 2014, 03:01:09 PM
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...
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.
June 19, 2014, 03:00:54 PM
June 19, 2014, 02:58:08 PM
Don't post very often guys, but been around for a while, got most of my coins in the 80 -120 bracket. Because of that i have pretty much just hodl through a few of the ups and downs and never had to worry about losing money cause it has rarely dropped below that whilst i have owned. Knew it was a bubble late last year but just didnt want to sell at gox where i had an account, and was just too lazy to set up stamp, so i have just kept hodling though the up and down.
Just wanted to say it feels a lot like it did when it was in the 120 -150 range for a while, before exploding to 1000. Occasionally i have doubts cause my coins are worth a reasonable chunk of change and it would suck to lose my bitcoin nest egg, but i have to say, from a rational perspective, bitcoin has lot more going for it now than it did 12 months ago.
Trade if you think you are smart AND lucky. Otherwise buy, hold, and look forward to the future!!
Just wanted to say it feels a lot like it did when it was in the 120 -150 range for a while, before exploding to 1000. Occasionally i have doubts cause my coins are worth a reasonable chunk of change and it would suck to lose my bitcoin nest egg, but i have to say, from a rational perspective, bitcoin has lot more going for it now than it did 12 months ago.
Trade if you think you are smart AND lucky. Otherwise buy, hold, and look forward to the future!!
When did you realize that you needed to remove your BTC from GOX, and when did you finally act upon that realization and remove your BTC from GOX? LOTS of NON-Traders and HODLRs got stuck with their coins on GOX b/c they waited to long to move them.
Gox was looking shaky for a long time. Anyone who kept any more than there immediate needs on there was taking unacceptable risks. The Gox premium served to deter some from escaping via Bitcoin and there is some excuse for being caught with your fiat pants down, perhaps but anyone using them for bitcoin storage, well...
June 19, 2014, 02:52:01 PM
I see your point but government cares if the public cares. Like when Gordon Brown sold off Britain's gold. I just had these thoughts when I first heard of the auction, but the amount of BTC is not that high and also the auction style does not really promote this scenario imo.
Funny thing is, when they came off the gold standard, they effectively stole that gold. Now they're selling it anyway. We're definitely circling the drain.
June 19, 2014, 02:47:01 PM
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...
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.
June 19, 2014, 02:46:39 PM
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.
June 19, 2014, 02:42:59 PM
Don't post very often guys, but been around for a while, got most of my coins in the 80 -120 bracket. Because of that i have pretty much just hodl through a few of the ups and downs and never had to worry about losing money cause it has rarely dropped below that whilst i have owned. Knew it was a bubble late last year but just didnt want to sell at gox where i had an account, and was just too lazy to set up stamp, so i have just kept hodling though the up and down.
Just wanted to say it feels a lot like it did when it was in the 120 -150 range for a while, before exploding to 1000. Occasionally i have doubts cause my coins are worth a reasonable chunk of change and it would suck to lose my bitcoin nest egg, but i have to say, from a rational perspective, bitcoin has lot more going for it now than it did 12 months ago.
Trade if you think you are smart AND lucky. Otherwise buy, hold, and look forward to the future!!
Just wanted to say it feels a lot like it did when it was in the 120 -150 range for a while, before exploding to 1000. Occasionally i have doubts cause my coins are worth a reasonable chunk of change and it would suck to lose my bitcoin nest egg, but i have to say, from a rational perspective, bitcoin has lot more going for it now than it did 12 months ago.
Trade if you think you are smart AND lucky. Otherwise buy, hold, and look forward to the future!!
When did you realize that you needed to remove your BTC from GOX, and when did you finally act upon that realization and remove your BTC from GOX? LOTS of NON-Traders and HODLRs got stuck with their coins on GOX b/c they waited to long to move them.
June 19, 2014, 02:38:13 PM
so fucking boring.
Weekend rally or not ?
sjuuuuus
Weekend rally or not ?
sjuuuuus
June 19, 2014, 02:37:54 PM
What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money
)... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....That is NOT why you were attacked. You were attacked b/c you failed to articulate any plan that made sense to anyone beyond yourself.. and even then, NOT clear if it made sense.
https://bitcointalksearch.org/topic/bitcoin-all-time-high-and-the-hoarding-theory-poll-included-656657
I've attempted to make a quick response within that thread, and to also respond to the poll to the extent any of the answers come close to what is really happening here.
In essence, the mere fact that you spending a lot of time publicly discussing this matter in various threads seems to demonstrate that you do NOT really know the fuck what you are talking about or even that you have adequately analyzed or understood your own position nor your plan.
I am NOT sure whether you have bad intents, so in that regard, I feel sorry for some of your ignorance... and lack of recognition of your own inabilities to know when to stop and when you likely need to spend some private time figuring out what you are doing and why you are doing it in order that you can explain.. to the extent that you end up continuing to post these kinds of matters in public threads....
Otherwise, you decisions regarding your investments or lack thereof in BTC or in other crypto-currencies are your own private concerns, and probably it would be better for everyone, including yourself, for you to keep your seemingly stupid-ass ill conceived and inadequately contemplated ideas to yourself... until they are better formulated. That's just my sense of the situation, at the moment, so take it for what it is worth.. and if you are NOT ready, willing or able to understand or to accept my thoughts, then NO problem to just let my comments pass.
you didn't answer to a single argument... you just choose a personal attack path.. you are a joke.
To me, it seems somewhat ironic that i attempt to go through considerable lengths to explain the content of my posts and the various reasons for making negative comments regarding the contents of your various posts. Your common rebuttal is that I merely am personally attacking you, which I believe I am striving NOT to do. In any event, you seem to have some difficulties with engaging in logic and/or communications. Some of the contents of this debate between us is likely progressing beyond anyone's ability to follow it. I certainly am having my own troubles following it. ONE of my main points, that i recall, is that you chose to sell 1/2 of your bitcoin stash NOW and to brag about your decision to be able to live off of your sale proceeds for two years, but through a multitude of postings, you have failed to explain your decision to be applicable to anyone beyond yourself, and why such a decision is NOT merely ludicrous. And, instead, you suggest that I am NOT responding to some of your nonsense stream of consciousness content.
June 19, 2014, 02:32:40 PM
No rally?
Monkey thinks the situation just turned bearish on multiple time scales. He's targeting 595 support for now.
June 19, 2014, 02:31:55 PM
Nice! GoCoin should be more active... Coinbase and Bitbay shouldn't have monopol.
I thought that Circle would soon be coming into this space.... YET, many of us seem to be WAITING, patiently.... or somewhat patiently.
June 19, 2014, 02:25:38 PM
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June 19, 2014, 02:21:58 PM
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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.
June 19, 2014, 02:20:47 PM
We rally now?
I think about $1mm usd has to raise its bid by $18 in order to break the wall and rally past 627, which is a fib line.
Monkey tells me this is more likely to happen about 1 hour from now than it was earlier in the day, and if it doesn't, there is a ~.18 chance of fatigue dragging us toward 597 resistance before the next upward thrust.
Monkey says silver is just getting started.
I haven't done the math, but the other night when price went to 615 I noticed that a 600 BTC ask wall @Stamp was quickly pulled when traders started eating into it.
June 19, 2014, 02:19:14 PM
I doubt very much the USMS can keep any secrets whatsoever.
June 19, 2014, 02:18:16 PM
This may have been answered multiple times now, but can we be sure to get to know the winners and the respective bidding amounts? Can they stay anonymous?
June 19, 2014, 02:15:17 PM
i think it's pretty unrealistic to assume that these coins will be sold at a premium. however, any assumption that the coins will make their way to these horribly illiquid exchanges to chase arbitrage, is also misguided. there's a lot of variables at play.
Maybe I need to post this again. Unrealistic? trying to gather a smaller lot on bitstamp by wiring your $18 million to a foreign country, drives the price up 10 fold, and nets a lot less coin
I can easily see them go for a 10-20% premium. Easily
June 19, 2014, 02:14:31 PM
WOW, LEAKED INFO ON BIDDERS FOR US MASHALL BITCOIN AUCTION
Barry Silbert, CEO for SecondMarket
Luther Lowe, director of public policy for Yelp
Malcolm Oluwasanmi, chairperson of Little Phoenix Investment Group
Fabrice Evangelista, quantitative arbitrage at BNP Paribas
Michal Handerhanm, co-founder and COO of Bitcoin Shop
Dave Goel, managing general partner of Matrix Capital Management
Dinuka Samarasinghe, investment professional
Chris DeMuth Jr., Wrangeley Capital
Fred Ehrsam, co-founder, Coinbase
Jonathan Disner, corporate counsel at DRW Trading Group
William Brindise, head investment manager at DigitalBTC
Michael Moro, director at SecondMarket
Jennifer R. Jacoby, lawyer at WilmerHale
Sam Lee, co-founder, Bitcoins Reserve
Avarus Corporation
PLUS YELP AND BNP Paribas (fourth largest bank in world)
Barry Silbert, CEO for SecondMarket
Luther Lowe, director of public policy for Yelp
Malcolm Oluwasanmi, chairperson of Little Phoenix Investment Group
Fabrice Evangelista, quantitative arbitrage at BNP Paribas
Michal Handerhanm, co-founder and COO of Bitcoin Shop
Dave Goel, managing general partner of Matrix Capital Management
Dinuka Samarasinghe, investment professional
Chris DeMuth Jr., Wrangeley Capital
Fred Ehrsam, co-founder, Coinbase
Jonathan Disner, corporate counsel at DRW Trading Group
William Brindise, head investment manager at DigitalBTC
Michael Moro, director at SecondMarket
Jennifer R. Jacoby, lawyer at WilmerHale
Sam Lee, co-founder, Bitcoins Reserve
Avarus Corporation
PLUS YELP AND BNP Paribas (fourth largest bank in world)
source please. looks like a few start-up type people, and not as many wallstreeters as i was hoping for. can't complain though.
This just sample, 37 total
of which 27 are sure to go home empty handed
i'm starting to think people that said they coins might sell at a premium we're right!
I have a feeling one person is going to take the whole lot. The FAQs clarified the auction style.
I'm in the camp who suspects a premium being paid.
I have had the same thoughts. My plan was to buy right before the auction, because I speculated that bidders might end up paying more than the market value at the time of the auction:
1) Because they bid each other up (it will be an easy way to get at large stash and "clean coins" could make it more interesting for banks and other institutions)
2) because they will try to manipulate price down before the auction and push the price up after the auction.
So basically I expected that they might pay a premium at the auction because they know they will be able to get more when they sell them on. When the word gets out that they have payed a premium that will raise the price, so they wont even have to do much (if any) pumping.
I think it will be quite easy for them to manipulate the price. Especially if they work together. If they didn't know who each other are they now know thanks to the article
. I guess it will be bad for the US gov if it turns out they have sold coins at half price. I'm now thinking this train of thought may be a too speculative (also considering the auction rules), but it will definitely be interesting to what price they will end up paying.
Edit: Clarification
Your point about what is good or bad for the US Government seems to be off base. What the fuck the US Govt. care if it generates 1 million or 100 million from the sale of bitcoins? There are billions of dollars printed every month.
I see your point but government cares if the public cares. Like when Gordon Brown sold off Britain's gold. I just had these thoughts when I first heard of the auction, but the amount of BTC is not that high and also the auction style does not really promote this scenario imo.
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