Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30514.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: nanobrain on January 06, 2014, 02:52:11 AM

I don't want to take this too off-topic but just a quick 't-shirt' update - I have my husband shackled to Illustrator churning them out for all the nice souls here ...I'm sorry about Zazzle, its shit-house expensive I know...but you're all loaded Wink

So we now have:
Choo-choo motherfuckers
http://www.zazzle.com/choo_choo_tees-235618740034578955

One for Goat (well, actually Mrs Goat and all the BTC widows out there)
http://www.zazzle.com/the_bitcoin_lambo-235539642423633802

One for Adam and all the FTCers
http://www.zazzle.com/feathercoin_revolution-235861535449206681

To da moon
http://www.zazzle.com/bitcoin_to_da_moon-235144014262665501
(white)

http://www.zazzle.com/bitcoin_to_da_moon-235986236387035849
(dark)

And for Macsga...cause I know he loves hodling
http://www.zazzle.com/keep_calm_and_hodl-235611152796652927
(white)

http://www.zazzle.com/keep_calm_and_hodl-235148568540981174
(dark)

OK, I won't spam no-more but hope you enjoy Grin

can you do one for me as well ? a picture of IBM 300PL (http://en.wikipedia.org/wiki/File:Ibm300pl.jpg) and under it "I mine Bitcoin so hard 1 kh/s"

ShawnP

newbie

Activity: 52

Merit: 0

Quote from: windjc on January 06, 2014, 02:34:14 AM

Yeah, the last dump he warned us of did not happen.

It did happen. look at vertical line and date. Few day later we were at 455$.

Quote from: Loaded on December 14, 2013, 02:50:36 AM

Large movement possible soon. Guess the direction.

https://i.imgur.com/sLi6Rry.png

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: nanobrain on January 06, 2014, 02:52:11 AM

I don't want to take this too off-topic but just a quick 't-shirt' update - I have my husband shackled to Illustrator churning them out for all the nice souls here ...I'm sorry about Zazzle, its shit-house expensive I know...but you're all loaded Wink

So we now have:
Choo-choo motherfuckers
http://www.zazzle.com/choo_choo_tees-235618740034578955

One for Goat (well, actually Mrs Goat and all the BTC widows out there)
http://www.zazzle.com/the_bitcoin_lambo-235539642423633802

One for Adam and all the FTCers
http://www.zazzle.com/feathercoin_revolution-235861535449206681

To da moon
http://www.zazzle.com/bitcoin_to_da_moon-235144014262665501
(white)

http://www.zazzle.com/bitcoin_to_da_moon-235986236387035849
(dark)

And for Macsga...cause I know he loves hodling
http://www.zazzle.com/keep_calm_and_hodl-235611152796652927
(white)

http://www.zazzle.com/keep_calm_and_hodl-235148568540981174
(dark)

OK, I won't spam no-more but hope you enjoy Grin

I like them, the hodling ones most!!!

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: hyphymikey on January 06, 2014, 02:42:29 AM

Quote from: windjc on January 06, 2014, 02:39:02 AM

Quote from: hyphymikey on January 06, 2014, 02:38:40 AM

Quote from: windjc on January 06, 2014, 02:34:14 AM

Quote from: traderCJ on January 06, 2014, 02:33:05 AM

As much as guys like loaded think they move the markets, all they can hope for is a temporary price movement. These so-called whales are merely plankton in this ecosystem.

Yeah, the last dump he warned us of did not happen.

And I shorted my coins margin trading due to his words, now I own 0 BTC.

Lol.

Shit ain't funny bro...

You went to zero btc because of a post in a forum?
if one feels the urge ( and i don't blame anyone for doing this) to play around with his btc stash: just use 10% of it.
last drop i fucked up big time and had to buy back with a loss. felt so bad.
then i realized that i lost less than 2% of my stash. still horrible, but life goes on.

100% loss? Cry

not funny

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

I don't want to take this too off-topic but just a quick 't-shirt' update - I have my husband shackled to Illustrator churning them out for all the nice souls here ...I'm sorry about Zazzle, its shit-house expensive I know...but you're all loaded Wink

So we now have:
Choo-choo motherfuckers
http://www.zazzle.com/choo_choo_tees-235618740034578955

One for Goat (well, actually Mrs Goat and all the BTC widows out there)
http://www.zazzle.com/the_bitcoin_lambo-235539642423633802

One for Adam and all the FTCers
http://www.zazzle.com/feathercoin_revolution-235861535449206681

To da moon
http://www.zazzle.com/bitcoin_to_da_moon-235144014262665501
(white)

http://www.zazzle.com/bitcoin_to_da_moon-235986236387035849
(dark)

And for Macsga...cause I know he loves hodling
http://www.zazzle.com/keep_calm_and_hodl-235611152796652927
(white)

http://www.zazzle.com/keep_calm_and_hodl-235148568540981174
(dark)

OK, I won't spam no-more but hope you enjoy Grin

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: HairyMaclairy on January 06, 2014, 02:48:49 AM

Quote from: windjc on January 06, 2014, 02:37:00 AM

Quote from: HairyMaclairy on January 06, 2014, 02:34:42 AM

Quote from: windjc on January 06, 2014, 01:52:14 AM

Quote from: traderCJ on January 06, 2014, 01:48:37 AM

Quote from: HairyMaclairy on January 06, 2014, 01:22:13 AM

Quote from: aminorex on January 05, 2014, 10:55:34 PM

There are about 25,000 coins left on all the exchanges put together. Just guesstimating -- didn't actually count them.

For about 40 million you could get a corner on bitcoin.

That's about 9 days of mining output.

If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded.

Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins. People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred.

People will probably flame me for saying this but whatever. I am contributing by buying and hodling.

You're right. In theory, one coin could be sold for $100k USD and for that brief moment, the market cap would be ~$1.2 trillion.

You guys realize as the more and more big players and funds get involved the more BTC will be sold OFF EXCHANGE and that the # of bitcoins sold on exchanges will DECREASE overtime?

Its these little obvious facts that seem to evade people who doubt the price of bitcoin can't go much higher.

I am perfectly aware that the price will go to 1 billion dollars per BTC when there is only 1 bit coin left on Mt Gox. I am also perfectly aware that this price will instantly halve when some whale releases a second bitcoin on Mt Gox because "the market can't handle the volume".

It's laughable and I am quite enjoying it all.

What discount do you think the big off-exchange trades are going at? My bet is that they are at least a 50% discount to market (still an enormous sum).

LOL. wut?

50% discount? Why the hell would miners sell off exchange for that?

The off exchange is an advantage for the BUYER. Fixed price. If you have read commentary from people who have bought off exchange sometimes its a minor discount and often a minor premium.

I'm not talking about some miner with 50 coins to flog.

You tell me how you would sell 100,000 coins in this market inside a month without destroying the global market. The *only* way to do it is off exchange. And the buyers know that - they will have exactly the same problem unless they themselves sell off market (eg an ETF) to the punters.

In case you haven't noticed the Winkelvii are stranded if they can't get an ETF up or they don't find another whale to bail them out. It's quite funny really and their position is only getting worse as the liquidity dries up and the price goes up.

Of course it's a nice problem to have and maybe liquidity will return. One day.

With all do respect, a large coin holder is more likely to demand a premium. A small seller on local bitcoins who wants cash under the table might give a discount.

Think about it. No one is going to sell 100k coins at some large discount. That is insane.

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

If that's the way the game is played......

Many of you got pwned by me while in a drunken blackout state. Up 23 BTC on a trade I don't remember making.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: windjc on January 06, 2014, 02:37:00 AM

Quote from: HairyMaclairy on January 06, 2014, 02:34:42 AM

Quote from: windjc on January 06, 2014, 01:52:14 AM

Quote from: traderCJ on January 06, 2014, 01:48:37 AM

Quote from: HairyMaclairy on January 06, 2014, 01:22:13 AM

Quote from: aminorex on January 05, 2014, 10:55:34 PM

There are about 25,000 coins left on all the exchanges put together. Just guesstimating -- didn't actually count them.

For about 40 million you could get a corner on bitcoin.

That's about 9 days of mining output.

If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded.

Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins. People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred.

People will probably flame me for saying this but whatever. I am contributing by buying and hodling.

You're right. In theory, one coin could be sold for $100k USD and for that brief moment, the market cap would be ~$1.2 trillion.

You guys realize as the more and more big players and funds get involved the more BTC will be sold OFF EXCHANGE and that the # of bitcoins sold on exchanges will DECREASE overtime?

Its these little obvious facts that seem to evade people who doubt the price of bitcoin can't go much higher.

I am perfectly aware that the price will go to 1 billion dollars per BTC when there is only 1 bit coin left on Mt Gox. I am also perfectly aware that this price will instantly halve when some whale releases a second bitcoin on Mt Gox because "the market can't handle the volume".

It's laughable and I am quite enjoying it all.

What discount do you think the big off-exchange trades are going at? My bet is that they are at least a 50% discount to market (still an enormous sum).

LOL. wut?

50% discount? Why the hell would miners sell off exchange for that?

The off exchange is an advantage for the BUYER. Fixed price. If you have read commentary from people who have bought off exchange sometimes its a minor discount and often a minor premium.

I'm not talking about some miner with 50 coins to flog.

You tell me how you would sell 100,000 coins in this market inside a month without destroying the global market. The *only* way to do it is off exchange. And the buyers know that - they will have exactly the same problem unless they themselves sell off market (eg an ETF) to the punters.

In case you haven't noticed the Winkelvii are stranded if they can't get an ETF up or they don't find another whale to bail them out. It's quite funny really and their position is only getting worse as the liquidity dries up and the price goes up.

Of course it's a nice problem to have and maybe liquidity will return. One day.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: ElectricMucus on January 06, 2014, 02:46:22 AM

Lets face it we're all here to get each others money in one way or the other, and when somebody looses their it's time for celebrations. Grin

No hard feelings, that just the way it is.

Actually I only get pleasure from getting yours.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: hyphymikey on January 06, 2014, 02:42:29 AM

Quote from: windjc on January 06, 2014, 02:39:02 AM

Quote from: hyphymikey on January 06, 2014, 02:38:40 AM

Quote from: windjc on January 06, 2014, 02:34:14 AM

Quote from: traderCJ on January 06, 2014, 02:33:05 AM

As much as guys like loaded think they move the markets, all they can hope for is a temporary price movement. These so-called whales are merely plankton in this ecosystem.

Yeah, the last dump he warned us of did not happen.

And I shorted my coins margin trading due to his words, now I own 0 BTC.

Lol.

Shit ain't funny bro...

God, I hope you are joking.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Lets face it we're all here to get each others money in one way or the other, and when somebody looses their it's time for celebrations. Grin

No hard feelings, that just the way it is.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: HairyMaclairy on January 06, 2014, 01:22:13 AM

Quote from: aminorex on January 05, 2014, 10:55:34 PM

There are about 25,000 coins left on all the exchanges put together. Just guesstimating -- didn't actually count them.

For about 40 million you could get a corner on bitcoin.

That's about 9 days of mining output.

If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded.

Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins. People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred.

People will probably flame me for saying this but whatever. I am contributing by buying and hodling.

really ? this is the same on every stock market, even the same with gold and silver, when we say a company is worth X billion this means it is based on the trading price of one stock, now someone dumping a large hold of stocks will bring the shares price down to ground, the same works for Gold and Silver, it is just more noticeable with BTC because there is no fast exchanging mechanism of going In/out but this will be gone soon when we hit wall street Wink

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: hyphymikey on January 06, 2014, 02:42:29 AM

Quote from: windjc on January 06, 2014, 02:39:02 AM

Quote from: hyphymikey on January 06, 2014, 02:38:40 AM

Quote from: windjc on January 06, 2014, 02:34:14 AM

Quote from: traderCJ on January 06, 2014, 02:33:05 AM

As much as guys like loaded think they move the markets, all they can hope for is a temporary price movement. These so-called whales are merely plankton in this ecosystem.

Yeah, the last dump he warned us of did not happen.

And I shorted my coins margin trading due to his words, now I own 0 BTC.

Lol.

Shit ain't funny bro...

most people just say don't short bitcoin

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: nanobrain on January 06, 2014, 02:39:57 AM

Quote from: windjc on January 03, 2014, 08:28:31 PM

Quote from: nanobrain on January 03, 2014, 08:22:18 PM

Quote from: windjc on January 03, 2014, 08:17:49 PM

Tomorrow there will be a weekend low and that will be the best time to buy. Next week will test new levels of resistance.

Brave words...I'll make a note.

Please do. I haven't been wrong about a specific call I've posted on here yet.

Hey, Windy!
Just wanted to remind you about your prediction: so much for the weekend low eh?
Cheesy

Good grief. I said I thought we would have a slight dip. We did not. I apologize for being wrong. Is that ok? Do you need me to do something else like castrate myself publically or something? What would you like from me, exactly? It think it would be better for both of us if you just ignored my posts.

I actually thought about going back and doing a chart of the last six months, comparing weekend performance to weekday performance to "prove" the theory that weekend perform less well on whole. But I just don't have an extra couple of hours to do this.

Meanwhile I am 100% btc and have been for a while so I am happy as a lark that we didn't dip.

hyphymikey

hero member

Activity: 784

Merit: 1000

Quote from: windjc on January 06, 2014, 02:39:02 AM

Quote from: hyphymikey on January 06, 2014, 02:38:40 AM

Quote from: windjc on January 06, 2014, 02:34:14 AM

Quote from: traderCJ on January 06, 2014, 02:33:05 AM

As much as guys like loaded think they move the markets, all they can hope for is a temporary price movement. These so-called whales are merely plankton in this ecosystem.

Yeah, the last dump he warned us of did not happen.

And I shorted my coins margin trading due to his words, now I own 0 BTC.

Lol.

Shit ain't funny bro...

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: Davyd05 on January 06, 2014, 01:44:52 AM

Quote from: HairyMaclairy on January 06, 2014, 01:22:13 AM

Quote from: aminorex on January 05, 2014, 10:55:34 PM

There are about 25,000 coins left on all the exchanges put together. Just guesstimating -- didn't actually count them.

For about 40 million you could get a corner on bitcoin.

That's about 9 days of mining output.

If this is correct this makes the current market price meaningless. BTC is ridiculously thinly traded.

Further you cannot extract a market cap out to 12 million coins based on trades of 25,000 coins. People saying BTC has a market cap of $12 billion fail to appreciate what would happen if one whale stirred.

People will probably flame me for saying this but whatever. I am contributing by buying and hodling.

Its still a new market, it will have these growing pains but I see the world waking up quickly on this, which will impart bring instability during price swings but , none the less this is exciting innovation we're seeing and experiencing

Yes but we need some progress on all this innovation. It's all vapourware apart from a few ATMs and POS systems. There is no functional colour coin system, the p2p exchanges *may* work for crypto but are horribly flawed at the fiat end, 99% of alt coins are bullshit etc.

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: windjc on January 03, 2014, 08:28:31 PM

Quote from: nanobrain on January 03, 2014, 08:22:18 PM

Quote from: windjc on January 03, 2014, 08:17:49 PM

Tomorrow there will be a weekend low and that will be the best time to buy. Next week will test new levels of resistance.

Brave words...I'll make a note.

Please do. I haven't been wrong about a specific call I've posted on here yet.

Hey, Windy!
Just wanted to remind you about your prediction: so much for the weekend low eh?
Cheesy

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: chriswilmer on January 06, 2014, 02:39:06 AM

With second market it was like a 2% discount for off exchange buys.

Exactly. People are talking out there ass about this topic.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

I don't know why people think that big holders will dump, the more price will rise the better it works for them, even if they need fiat, selling 1000 BTC at $500 is not like selling 1000 BTC at $2000.

it works better for them when the price go up, will they buy the same amount or even half of what they hold now if the price drop to $500? I don't think so... and BTW big holders look in investing in bitcoin startups instead of cashing to FIAT, by that they surpass regulation and the hassle of getting that cash on their accounts Wink

chriswilmer

legendary

Activity: 1008

Merit: 1000

With second market it was like a 2% discount for off exchange buys.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30514. (Read 26713452 times)