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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31190. (Read 26710683 times)

legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
What has happened during the night? Could someone, please, give a short wrap-up, please?
It's the first night I held all BTC overnight, and ofcourse, it goes down!
Oh, and good morning from Europe.
One serious series of bear dumps between 2:30 and 3:00AM UTC. Otherwise horizontal.

Solid support at 1000.
legendary
Activity: 1680
Merit: 1014
What has happened during the night? Could someone, please, give a short wrap-up, please?
It's the first night I held all BTC overnight, and of course, it goes down!
Oh, and good morning from Europe.
full member
Activity: 189
Merit: 100
Hello

Anybody that would agree with this guy doesn't own Bitcoins, so they haven't got any to sell.

Hopefully the disinformation stops by the time anybody with a brokerage account can short.

I was going to highlight all the parts he was wrong about but then I realized I would just be copying and pasting the whole thing.
legendary
Activity: 854
Merit: 1000
NEWSFLASH:

After a question from a Greek EU parliament member about what happens to bank deposits that are below 100000 euros in case of a bank bail-in, Joaquín Almunia answered that the EU will not demand a haircut of those deposits, but that the country to which the bailed-in bank belongs can ask for it.

Original article: http://www.imerisia.gr/article.asp?catid=26516&subid=2&pubid=113163037

Translated to english: http://www.imerisia.gr/article.asp?catid=26516&subid=2&pubid=113163037


Banks are of no use anymore!!  Grin
full member
Activity: 160
Merit: 101
The press is afraid of being accused of pumping up Bitcoin, so they publish humoristic articles instead Grin
hero member
Activity: 669
Merit: 500
full member
Activity: 160
Merit: 101

Quote
Timothy B. Lee: What informs your thinking about the future of Bitcoin?
Mark Williams: I used to be the senior vice president of a commodity trading firm in Boston. I'm very familiar with commodity prices with high volatility.

That's where I stopped reading.
To be fair, Bitcoin is a commodity which is highly volatile. That being said, he seems to have overlooked all the other properties of Bitcoin. He's one of those who doesn't want to bother finding out what the fuss is all about.
legendary
Activity: 854
Merit: 1000
Gox seems to be the only exchange that keeps  1000$ - btc-e, bfx, bitstamp, etc all 50-80$ below...
Thoughts?

It usually is like that.
member
Activity: 63
Merit: 10

Quote
Timothy B. Lee: What informs your thinking about the future of Bitcoin?
Mark Williams: I used to be the senior vice president of a commodity trading firm in Boston. I'm very familiar with commodity prices with high volatility.

That's where I stopped reading.
member
Activity: 104
Merit: 10
Pecunia non olet
Gox seems to be the only exchange that keeps  1000$ - btc-e, bfx, bitstamp, etc all 50-80$ below...
Thoughts?
legendary
Activity: 854
Merit: 1000

Anybody that would agree with this guy doesn't own Bitcoins, so they haven't got any to sell.

Hopefully the disinformation stops by the time anybody with a brokerage account can short.

So, he needs volatility but he criticizes it!!! How nice of him!  Angry
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫

Anybody that would agree with this guy doesn't own Bitcoins, so they haven't got any to sell.

Hopefully the disinformation stops by the time anybody with a brokerage account can short.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
StochRSI remained overbought and only came under overbought when we had the now 2 corrective dips.  Are you familiar with how the RSI actually works?

My Bot shows it as neutral, almost on over sold.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 658
Merit: 500
bitstamp indicates we're over bought.

It will stay in $900s for a while
hero member
Activity: 910
Merit: 1003
Sure, if somebody dumps $100,000 on the market it moves 1%.

That's actually 3% from lowest to highest.  In a matter of minutes.

With 1000 BTC one could swing the price down ~980 USD or up to ~1050 USD (7%).
legendary
Activity: 1792
Merit: 1047
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
Right now, on Mt Gox, if someone decides to buy 100 BTC at the lowest possible price, the price will shoot up tp 1020 USD.  If someone decides to sell 100 BTC at the highest possible price, the price will drop to 990 USD.  That is why it is jumping about like crazy.

Sure, if somebody dumps $100,000 on the market it moves 1%.

This would have been astounding less than a year ago.

Yes, but the market is that much bigger, making it that much more likely.
hero member
Activity: 634
Merit: 500
Right now, on Mt Gox, if someone decides to buy 100 BTC at the lowest possible price, the price will shoot up tp 1020 USD.  If someone decides to sell 100 BTC at the highest possible price, the price will drop to 990 USD.  That is why it is jumping about like crazy.

Sure, if somebody dumps $100,000 on the market it moves 1%.

This would have been astounding less than a year ago.
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