Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32786.

ElectricMucus

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Quote from: Quantum_Negatum on July 01, 2013, 08:25:23 PM

Quote from: ?? on ??

Quote from: Quantum_Negatum on July 01, 2013, 08:21:39 PM

Would anyone be surprised to learn that the Winklevoss twins were almost solely responsible for pumping Bitcoin from single to triple digits with bid-walls?

No more surprised than to hear that they now want to cash out and realise that they can't Cheesy

Wouldn't it make more sense to take cash from the IPO to manipulate the price further before cashing out? They might have enough cash and coins to drive the price up and down at will.

Yes, I already mentioned that, it's called propping up and it leads to insane volatility or more specifically flash crashes with crazy rallies in between.

Quantum_Negatum

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Quote from: ?? on ??

Quote from: Quantum_Negatum on July 01, 2013, 08:21:39 PM

Would anyone be surprised to learn that the Winklevoss twins were almost solely responsible for pumping Bitcoin from single to triple digits with bid-walls?

No more surprised than to hear that they now want to cash out and realise that they can't Cheesy

Wouldn't it make more sense to take cash from the IPO to manipulate the price further before cashing out? They might have enough cash and coins to drive the price up and down at will.

WaverleyStreet

newbie

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Quote from: krudkeeper on July 01, 2013, 08:12:41 PM

Quote from: derpinheimer on July 01, 2013, 07:38:09 PM

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

GG, campBx now at $0.00

Someone dumped 2k coins there all the way to 0. Poor guy probably thought there was more depth.

How can this be? The price on CBx is in the 80's...

nice looks like the Wall Street clowns are finally getting down and dirty with those "mystery blocks" everyone has been talking about!!!LOL

>>>WTF!!!!!

Quantum_Negatum

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Would anyone be surprised to learn that the Winklevoss twins were almost solely responsible for bid-walling Bitcoin from single to triple digits?

WaverleyStreet

newbie

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Quote from: DougTanner on April 16, 2013, 06:34:54 PM

Wall post!

https://i.imgur.com/laA6Zuo.jpg

~$60 BUCKS!!!WOW = they are clearing ALL the stops imho be careful catching a falling knife before it hits the floor!!!!!!!*pounding the table!*

>>>WTF!!!!!

krudkeeper

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Hodl regularly and often!

Quote from: derpinheimer on July 01, 2013, 07:38:09 PM

GG, campBx now at $0.00

Someone dumped 2k coins there all the way to 0. Poor guy probably thought there was more depth.

How can this be? The price on CBx is in the 80's...

krudkeeper

full member

Activity: 182

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Hodl regularly and often!

What in the holy mother of bitcoin has happened to the price?! Wow. Undecided

seleme

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Duelbits.com

Wow, went for shaving and shower and drama happened Grin

ElectricMucus

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Quote from: justusranvier on July 01, 2013, 08:01:18 PM

Quote from: ElectricMucus on July 01, 2013, 07:58:02 PM

You realize that anybody who buys their security does this instead of buying Bitcoins on for example Gox?

It could be the case the kind of people who are willing to buy the ETF would never have been willing to buy on Mt Gox at all.

Nah, I don't think so. My rationale behind this: Whale sightings.

phoenix1

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Quote from: ElectricMucus on July 01, 2013, 07:58:02 PM

Quote from: phoenix1 on July 01, 2013, 07:51:29 PM

Well, look on the bright side, at least they are not selling them now on the exchange !

You realize that anybody who buys their security does this instead of buying Bitcoins on for example Gox?

Of course one might suggest they will be propping up, which should yield pretty lulzy results in regards to volatility. Golden times folks!

Yes I do ... which basically means they are offering their coins for sale OTC ... or a paper tracker of the value of their coins to be more accurate

solex

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100 satoshis -> ISO code

Quote from: phoenix1 on July 01, 2013, 07:51:29 PM

Re the twins, the application talks about the issue price being a weighted average across exchanges on a particular date (27th June is stated, but I think it is for example purposes and subject to change) ... this would imply that they are backing it with their own coins to me. Trying to read thru it while watching this at the same time Tongue

It's a good read in terms of 'risk factors' ... they do a good job of explaining the pros and cons of BTC.

So far to me it sounds like they want to sell paper backed by their coins and earn a fee for managing the ETF ... that there is a fee is explicitly stated ... size of basket will go down due to fees etc.

Well, look on the bright side, at least they are not selling them now on the exchange !

In their techcrunch interview they said they started buy in the "high single digits" (late 2012). So they were certainly part of the reason for the initial ramp from $10 through the old high of $31.

N12

donator

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MtGox's high-low is 104.8 and 102 on 27th of June. With the other exchanges being lower but not on as much volume, it's going to be a little over $100. And 200k BTC of them. Interesting.

justusranvier

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Quote from: ElectricMucus on July 01, 2013, 07:58:02 PM

You realize that anybody who buys their security does this instead of buying Bitcoins on for example Gox?

It could be the case the kind of people who are willing to buy the ETF would never have been willing to buy on Mt Gox at all.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

humanitee

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Quote from: ElectricMucus on July 01, 2013, 07:50:08 PM

humanitee, you know what's irony?

The Winkledouches are actually faced with the dilemma of doing just that.
Also, where is Loaded?

I don't know, I miss that guy Cry

.

Maybe if we're good this year he'll ride in on Santa's sleigh.

ElectricMucus

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Marketing manager - GO MP

Quote from: phoenix1 on July 01, 2013, 07:51:29 PM

Well, look on the bright side, at least they are not selling them now on the exchange !

You realize that anybody who buys their security does this instead of buying Bitcoins on for example Gox?

Of course one might suggest they will be propping up, which should yield pretty lulzy results in regards to volatility. Golden times folks!

phoenix1

hero member

Activity: 798

Merit: 1000

Re the twins, the application talks about the issue price being a weighted average across exchanges on a particular date (27th June is stated, but I think it is for example purposes and subject to change) ... this would imply that they are backing it with their own coins to me. Trying to read thru it while watching this at the same time Tongue

It's a good read in terms of 'risk factors' ... they do a good job of explaining the pros and cons of BTC.

So far to me it sounds like they want to sell paper backed by their coins and earn a fee for managing the ETF ... that there is a fee is explicitly stated ... size of basket will go down due to fees etc.

Well, look on the bright side, at least they are not selling them now on the exchange !

Also states they want to create the trust as soon as possible ... that, to me, does not imply that they are planning to buy 200,000 BTC to back it - that would be a ludicrous proposition.

ElectricMucus

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Marketing manager - GO MP

humanitee, you know what's irony?

The Winkledouches are actually faced with the dilemma of doing just that.
Also, where is Loaded?

ehoffman

sr. member

Activity: 378

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Quote from: humanitee on July 01, 2013, 07:46:24 PM

Quote from: derpinheimer on July 01, 2013, 07:38:09 PM

GG, campBx now at $0.00

Someone dumped 2k coins there all the way to 0. Poor guy probably thought there was more depth.

Haha! What a move!

Bears hurry, now is time of the ultimate spin. BITCOIN IS WORTH $0!

I'll take 1$ worth!

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: derpinheimer on July 01, 2013, 07:38:09 PM

GG, campBx now at $0.00

Someone dumped 2k coins there all the way to 0. Poor guy probably thought there was more depth.

Haha! What a move!

Bears hurry, now is time of the ultimate spin. BITCOIN IS WORTH $0!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32786. (Read 26468955 times)