Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27899. (Read 26630760 times)

I see we have are having a little "spreading of the word" about NXT from the marketing department. Its like the jehovha witnesses showing up at the threads doorstep, "Do you have a minute to talk about our lord and savior BCNext?"

Yes i agree with that but its not the FBI thats going to need a little more depth is it

Its a funny thing though because its like a once in a lifetime chance to buy that much with no slippage, I really beleive that if/when coins go to auction they will a) be split in lots and b) probably be pushed up to close to market price due to the fact that if you did want to buy say 10k BTC the price would probably be pushed at least $100 higher by the time you managed to buy them all. I mean theres even the chance that if its a fairly open auction that those coins will go above market price for the same reasons.

I think people are a bit delusional if they think you will be able to get large amounts of coin at 50% of market price.

Andreas Antonopoulos on Singularity 1 on 1: "Bitcoin is not currency, it's the internet of money!"

http://www.youtube.com/watch?v=KW_wYvZ1eZg

Bitcoins are fungible. Whoever is buying FBI coins will not be buying on Stamp, so the effect is the same. Whoever is buying FBI coins might sell on stamp, however.

Let's just say that if I were to buy 100,000 BTC at auction from the FBI for let's say 20 million dollars, you're damn right I'd dump a few thousand of them on the exchanges. That is a real downside risk.

Explanation

wow ok where do i start.. perhaps i will just link to important posts that can sum up things better then i...

buy anything with nxt where ever btc is accepted

https://nxtforum.org/multigateway-jl777/btc-bridge-buy-anything-with-nxt-that-you-can-buy-for-btc!/

sub atomic cross chain transactions nearly in (i think beta) release

https://nxtforum.org/multigateway-jl777/nxtsubatomic-atomic-crosschain-exchange/msg14063/#msg14063

Asset Exchange

Asset Exchange is the decentralised marketplace of Nxt. It is where any any asset, digital or physical, can be traded peer to peer without the need for a centralised third party. The Asset Exchange concept is often generally referred to as Coloured Coins in the cryptocurrency world.

multigateway

multigateway will allow deposit of crypto coins, starting out with btc, ltc, drk and doge, into a multisigniture "account" and deposits are then represented in asset exchange as "assets" which then can be traded and who ever buys the "assets" of that coin can then withdraw the coins from multigateway allowing decentralized crypto trading at high speed(see instantdex) with out any risk of 3rd party theft of coins(gox)
https://nxtforum.org/multigateway-jl777/multigateway-status-reports/
https://dl.dropboxusercontent.com/u/53047281/multi-sig.doc  <<< downloadable .doc describing multigateway more in depth

InstantDEX

InstantDEX is a service built on top of Nxt’s Multigateway service and Nxt Asset Exchange and has been shown in a proof of concept to have achieved ~5 second transaction times prior to any optimization. The goal of InstantDEX is to allow for real time trading of any Nxt Asset against any other Nxt Asset, not just Multigateway assets, and also NXT itself.
After optimization, the goal is to achieve transactions in the ~3 second timeframe. The Multigateway will need to be trusted to redeem assets but almost all of InstantDEX will be decentralized. Due to the nature of the transactions, those with good internet connections will get better performance than those with bad internet connections. InstantDEX is still in development and the discussion thread can be found at here.
https://nxtforum.org/multigateway-jl777/secret-project/

Monetary System

Monetary System will allow you to create currencies backed by NXT. New coins are created by "locking" NXTs. This could be thought as similar to “burning” Nxt but this is inaccurate as the process can be reversed. If you destroy 7% of the supply the created coins then you get 7% of the locked NXTs back. You are unable to lock more NXTs into the coin once it is created so the supply can’t be inflated. Transaction fees for coins created in the Monetary System can only be paid in NXT. To join the discussion, see the Nxtforum.org dedicated subforum at https://nxtforum.org/monetary-system
https://nxtforum.org/monetary-system/

Automated Transactions

In simple terms, Automated Transaction will be trustless Escrows. Work is being done on a Turing-complete scripting layer that can operate on top of the Nxt blockchain. "Turing-complete" is a term that means the scripting language is not limited in scope and can compute anything. This Nxt application will allow for the creation of Distributed Autonomous Corporations (DACs) that can issue transactions automatically, based on a set of rules.

this is huge.. i think lol

https://nxtforum.org/pub-crawl/rfc-project-'jinn'-(processor)/msg14376/#msg14376

digital goods store

https://nxtforum.org/digital-goods-store

thats enough i think lol loads more in the forums

edit: added https://dl.dropboxusercontent.com/u/53047281/multi-sig.doc

yer cause the FBI is going to drop a market sell on Stamp 

The FBI's gonna need a little more bid depth than that.

Combination i guess.

I've wondered whether it's sheep following... or the same person/people...

If anyone wants to dump, there's plenty to dump into now - more than 10k down to $400.

China dump and the Stamp sheep following.

Isn't there supposed to be some Gox news today, or did I imagine that?

Starting to get  a little dumpage on huobi. Mayday, mayday!

you idiot. do you realise that you could play to the bet with 100% certainty to make a net win if you put a long on Bitfinex? I deserve the correct odds.

I am long from 430.... you know that all too well.

I have great difficulty figuring out exactly what is going on, because the last "fractal" has showed a few weak signs that could be interpreted as the beginning of a reversal. There has been some good news with great potential from reliable sources and a whole bunch of bad news from less reliable sources. Some people may have figured everything out, but not me I try to trade on what I know and the only thing I know for sure is that we are currently in a downtrend, that the Chinese situation is unresolved, and that large BTC-assets may be liquidated. If I needed to buy huge amounts of BTC I might consider to buy a few coins now, but since I can't afford 1000's of coins I will wait and see. 1st of the month is payday and that could give us a small rise. But I believe we are approaching the end of distribution. After that prices will drop - I am most likely wrong. Toodle Pip, I'm off to lunch!

Explanation

Adam has been bearish sometimes. Notably when we first hit the 700-900 range.

When has he ever not said it was a great time to buy? That particular signal got lost in the noise. Chances are I'll have at least one or two more times to buy at that price point.

The volume won't be the same if the chinese traders can't trade on exchanges but they could trade in offshore exchanges; the price will rise when the situation has settle and we have some visibility
I see some very pessimistic traders that short bitcoins, but if they are right they will lose all their money when the bitcoin exchanges disappear!