Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32644.

adamstgBit

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Quote from: SheHadMANHands on October 12, 2013, 05:28:58 PM

Quote from: Kupsi on October 12, 2013, 05:25:25 PM

The Bitcoin Trust is starting to make an impact...

It's been publicly stated (somewhere) that "The Bitcoin Trust" will need to purchase bitcoin beginning with the very first investor. That initial $2.5 million does not cover the first $2.5 million in investment from outsiders, but was just to "get the fund started".

With that having been said, yes... at some point the Trust will need to purchase bitcoin when investor money comes in. It isn't a question of "if" but rather "how much" and perhaps "when" (I assume whenever they invest). I think Barry stated he's made relationships with exchanges and miners, so he may buy at least some of that directly from miners. In that case, it would be indirectly observed on the exchanges.

they should buy the FBIs bitcoins Tongue

SheHadMANHands

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Quote from: Kupsi on October 12, 2013, 05:25:25 PM

The Bitcoin Trust is starting to make an impact...

It's been publicly stated (somewhere) that "The Bitcoin Trust" will need to purchase bitcoin beginning with the very first investor. That initial $2.5 million does not cover the first $2.5 million in investment from outsiders, but was just to "get the fund started".

With that having been said, yes... at some point the Trust will need to purchase bitcoin when investor money comes in. It isn't a question of "if" but rather "how much" and perhaps "when" (I assume whenever they invest). I think Barry stated he's made relationships with exchanges and miners, so he may buy at least some of that directly from miners. In that case, it would be indirectly observed on the exchanges.

Kupsi

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9.9.2012: I predict that single digits... <- FAIL

...prepare for quadruple digits Cheesy

Kupsi

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9.9.2012: I predict that single digits... <- FAIL

The Bitcoin Trust is starting to make an impact...

SheHadMANHands

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I hope so.. I'm long. Shocked

The recent bullishness may be heavily correlated to this US gov't shutdown. I suspect it is, and will continue as long as that anxiety continues. The more fighting and bickering on capital hill, the more BTC is likely to appreciate in the interim. People pissed off at politics like the apolitical nature of Bitcoin.

Time will tel, of course. Put your money where your mouth is. Cool

adamstgBit

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Quote from: notme on October 12, 2013, 04:59:33 PM

Quote from: adamstgBit on October 12, 2013, 04:44:14 PM

lol

Quote from: notme on October 12, 2013, 04:28:09 PM

Quote from: adamstgBit on October 12, 2013, 04:07:31 PM

Nice price action, but volume/momentum shows bearish divergence.

StochRSI is the one to watch

was down now up again

Cheesy

StochRSI is what I was looking at.

It was much higher at the earlier price peaks. Volume on up moves has died off. I'm not saying it can't pick up, just that it will need quite a push to make new highs from here.

I think the TA looks bullish and also the world's economic problems is starting to be more of an issue

the gov shutdown might last longer

they made a deal, to not default on the debt, but idk about the gov shutdown...

its all a little silly

the "economic problems" are what you would expect from any FIAT currency.

But, i'm hopeful that US gov will come up an excellent budget and Obama Care will help. everyone needs cheap health care!

and a stronger economy will mean more people will have money to invest!

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

notme

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Quote from: adamstgBit on October 12, 2013, 04:44:14 PM

lol

Quote from: notme on October 12, 2013, 04:28:09 PM

Quote from: adamstgBit on October 12, 2013, 04:07:31 PM

Nice price action, but volume/momentum shows bearish divergence.

StochRSI is the one to watch

was down now up again

Cheesy

StochRSI is what I was looking at.

It was much higher at the earlier price peaks. Volume on up moves has died off. I'm not saying it can't pick up, just that it will need quite a push to make new highs from here.

fr33d0miz3r

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adamstgBit

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lol

Quote from: notme on October 12, 2013, 04:28:09 PM

Quote from: adamstgBit on October 12, 2013, 04:07:31 PM

Nice price action, but volume/momentum shows bearish divergence.

StochRSI is the one to watch

was down now up again

Cheesy

fr33d0miz3r

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Quote from: ?? on ??

notme

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Quote from: adamstgBit on October 12, 2013, 04:07:31 PM

Nice price action, but volume/momentum shows bearish divergence.

adamstgBit

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fr33d0miz3r

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Quote from: derpinheimer on October 12, 2013, 12:44:45 PM

Its just a constant small buying pressure. And bids are looking, relatively, great.

NewLiberty

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Gresham's Lawyer

Quote from: derpinheimer on October 12, 2013, 12:44:45 PM

Interesting little rally here. This is beyond what we saw earlier when a few whales pushed the price to $145-~$149, and then the price receded quickly, asks rebounded sharply.

Its just a constant small buying pressure. And bids are looking, relatively, great.

Wall at 145 is going to get some paint knocked off of it.

derpinheimer

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Quote from: podizzle on October 12, 2013, 10:22:41 AM

Quote from: derpinheimer on October 11, 2013, 07:06:11 PM

Quote from: podizzle on October 11, 2013, 06:21:29 PM

Quote from: fr33d0miz3r on October 11, 2013, 03:02:58 PM

Quote from: podizzle on October 11, 2013, 02:50:04 PM

anyone else notice 56k bitcoin come off the buy orders? yet the price stays the same? i usually check the sums from 70+ yesterday it was 143,000 today its 87,000. where were these orders at?

these btc are bought and going to be sold

volume is around 6k.... thats still 50k removed from buys. yet the price trickles up? maybe nobody notices or cares

FUD- is tha the right term here?

Only way for this is if 100k bid was on $70 and moved to $140, or else if a plethora of bids over $70 all moved to <$5

after looking at that bids over time chart i think maybe you are right some single entity that controls 50kbtc buy orders pulled them, moved them down, and are slowly moving them back up. already the bids from 70+ are up to 95k from 87k. yet the bid chart doesnt show any new money.

The only way to hide this would be if they were moved to very low prices [Because bitcoinity wont show <~$5] (Because bid $sum wasnt reduced)

In which case, why?

--

Interesting little rally here. This is beyond what we saw earlier when a few whales pushed the price to $145-~$149, and then the price receded quickly, asks rebounded sharply.

Its just a constant small buying pressure. And bids are looking, relatively, great.

SheHadMANHands

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molecular

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Quote from: smiley123 on October 12, 2013, 11:38:51 AM

500BTC bid wall at 142.000 just appeared and getting nibbled at.

smiley123

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500BTC bid wall at 142.000 just appeared and getting nibbled at.

theonewhowaskazu

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One thing thats really weird to me is that there is almost no correlation in terms of volume between Gox and Bitstamp, at least lately. That implies that the price change that the slippage associated with the volume is small enough not to make a price change significant enough to be felt across the exchanges. Not sure if thats a good thing or a bad thing.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32644. (Read 26731677 times)