Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20667.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: dwdoc on October 16, 2015, 09:38:01 AM

Quote from: QuestionAuthority on October 16, 2015, 09:28:26 AM

If the price climbs back to $500-$600 does anyone think people that previously purchased above $500 will be afraid to hold any longer for fear they will never get their money back? I'm not sure I'd be comfortable buying in at that price anymore unless I was going to immediately use it to make a purchase. It may be better for the overall economy if the price doesn't climb too much.

You could say that at any point. Are people that purchased above 260 previously afraid to hold any longer? Are they comfortable buying at this price?

Yeah, but they've waited so long for the price to go back up they might not want to wait any longer. I'm being optimistic. I think the climb up is going to continue this time. It just feels different now. I just hope the climb doesn't bring a wave of sell off from those people that have been waiting for a while to recoup.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: bitebits on October 16, 2015, 06:07:54 AM

I am so conditioned to expect huge dumps after a small rise, that the lack of starts to feel uncomfortable.
The bears are too silent!

Same here, once it passed $250 I started looking at booking my Christmas flight home on CheapAir and ordered my winter jacket/gloves on Purse. Just couldn't bring myself to spend that when the price was hovering around $230 for so long.

Now that it's over $260 I'm like...gotta get home so I can book that flight before it goes back to $230.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: JorgeStolfi on October 16, 2015, 09:35:26 AM

Quote from: BlindMayorBitcorn on October 16, 2015, 07:14:57 AM

Quote from: coinpr0n on October 15, 2015, 10:25:31 PM

Don't know anything about that Brock Pierce thing.

Realcoin it was called: http://www.coindesk.com/brock-pierce-announces-dollar-backed-cryptocurrency-realcoin/

It has been rebranded as Tether. Don't know anything else about it myself.

Speaking of which, no one finds it weird that the president of the Bitcoin Foundation is CEO of a competing altcoin?

Or that two Bitcoin Core developers (BTCDrak and Peter Todd) are CEO and CTO of Viacoin, another altcoin that aims to replace bitcoin?

That seems to be an odd negative side effect of open source development (I can totally think another system is better but contribute to this system for the experience.) The interesting thing is, no one can do anything about it.

dwdoc

legendary

Activity: 966

Merit: 1000

- - -Caveat Aleo- - -

Quote from: QuestionAuthority on October 16, 2015, 09:28:26 AM

If the price climbs back to $500-$600 does anyone think people that previously purchased above $500 will be afraid to hold any longer for fear they will never get their money back? I'm not sure I'd be comfortable buying in at that price anymore unless I was going to immediately use it to make a purchase. It may be better for the overall economy if the price doesn't climb too much.

You could say that at any point. Are people that purchased above 260 previously afraid to hold any longer? Are they comfortable buying at this price?

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: BlindMayorBitcorn on October 16, 2015, 07:14:57 AM

Quote from: coinpr0n on October 15, 2015, 10:25:31 PM

Don't know anything about that Brock Pierce thing.

Realcoin it was called: http://www.coindesk.com/brock-pierce-announces-dollar-backed-cryptocurrency-realcoin/

It has been rebranded as Tether. Don't know anything else about it myself.

Speaking of which, no one finds it weird that the president of the Bitcoin Foundation is CEO of a competing altcoin?

Or that two Bitcoin Core developers (BTCDrak and Peter Todd) are CEO and CTO of Viacoin, another altcoin that aims to replace bitcoin?

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: mexxer-2 on October 16, 2015, 04:03:22 AM

Seeing these images, couldn't someone make a profit out of the price difference? By arbitaging.

Arbitraging is profitable only if the price difference is greater than the tradeing fees. That is one reason why the Chinese exchanges have such high volumes, and have very similar prices: one can do arbitrage even on tiny differences in price.

On the other hand, one does not need to actually move dollars or bitcoins instantaneously to do arbitrage between two exchanges. To do arbitrage one should buy at A and sell at B when the price is lower at A, and do the reverse when the price is lower ar B. If one has substantial BTC and dollar funds on both exchanges, one could alternate between these trades in such a way that the four accounts remain mostly balanced in the long run. If they become unbalanced, one can transfer BTC and/or dollars to rebalance them, but those transfers can be slow.

Someone claimed that Bitcoin arbitragers may use Litecoin to transfer funds between exchanges, because of its faster confirmation time.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

If the price climbs back to $500-$600 does anyone think people that previously purchased above $500 will be afraid to hold any longer for fear they will never get their money back? I'm not sure I'd be comfortable buying in at that price anymore unless I was going to immediately use it to make a purchase. It may be better for the overall economy if the price doesn't climb too much.

Proxiebuier

sr. member

Activity: 364

Merit: 250

Quote from: DeathAngel on October 16, 2015, 08:57:31 AM

Quote from: NatoshiSakamato on October 16, 2015, 08:51:56 AM

Meanwhile Huobi pushing for 270$ Roll Eyes

Go Huobi Go !!!!

Trying to influence the market maybe & make people think 260-262 elsewhere is 'cheap coinz'

im still hls my bitcoin
we will back to $300
come on guys Cheesy

we can do it , we can hit $300 at this week , Roll Eyes

koryu

hero member

Activity: 681

Merit: 507

Quote from: koryu on October 13, 2015, 11:50:57 AM

my numbers are mainly based on ta. I believe that the scaleability problem can be solved and that the final auction won't effect the price much because it's the final one, ...no more easy bulk deals after it.

these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support