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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23358. (Read 26712883 times)

hero member
Activity: 532
Merit: 500
never liked bitfinex. I think they are the next gox.

btw, nice dump on stamp.


Stamp is no better really
legendary
Activity: 1232
Merit: 1011
never liked bitfinex. I think they are the next gox.

btw, nice dump on stamp.
hero member
Activity: 532
Merit: 500
legendary
Activity: 1470
Merit: 1007
If it's run by some happily insider trading French dudes, I'll call it Western no matter where it's registered...

The French really seem to have some knack for running well maintained exchanges, don't they Tongue
N12
donator
Activity: 1610
Merit: 1010
"Western" exchanges in Hong Kong and Bulgaria. What's this world come to?
legendary
Activity: 1470
Merit: 1007
That bid sum on finex and stamp  Cool Ask side is really thin...

It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon.


you can watch western exchanges as much as you want, china has the biggest pools and farms now. with lower demand in china and a lot of bagholders, I wonder where those coins are going to go.


Quite marked change of tone lately, tarmi. Hoping to re-buy cheaper, huh? Cheesy

Anyway, Miz4r made a completely valid point: China seems more "bearish" than the big Western exchanges, with signs that the latter are accumulating and the former are distributing. Nothing to do with "bagholders" or other troll-y terms: it's an observation - BS and BF seem to be accumulating again. Bid/Ask confirms this. Plausible conclusion is that the influence of the Chinese trading on the market is (gradually) fading, though I wouldn't go as far as saying Chinese trading volume isn't important anymore.
hero member
Activity: 672
Merit: 501
That bid sum on finex and stamp  Cool Ask side is really thin...

It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon.


you can watch western exchanges as much as you want, china has the biggest pools and farms now.  

That's why the selling pressure is stronger there. Wink Mining doesn't matter, it's about who's buying the coins.


3600 coins per day do matter. if most of them are made in china...well, the cost of their production is really low.



Well if they make most of the coins I hope they are not as shotty as most of the other stuff they make, that falls apart in 3 months....


legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
You don't have understand technology to understand why a currency capped at 21M with half already in the hands of neck beard nerds and come into existence by solving puzzles in big jerry rigged Chinese warehouses is not ever gonna work in the real world.

Oh noes. The Bronies are taking over.



 Smiley Wink Cheesy Grin Cool
legendary
Activity: 1232
Merit: 1011
That bid sum on finex and stamp  Cool Ask side is really thin...

It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon.


you can watch western exchanges as much as you want, china has the biggest pools and farms now.  

That's why the selling pressure is stronger there. Wink Mining doesn't matter, it's about who's buying the coins.


3600 coins per day do matter. if most of them are made in china...well, the cost of their production is really low.
legendary
Activity: 1246
Merit: 1000
That bid sum on finex and stamp  Cool Ask side is really thin...

It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon.


you can watch western exchanges as much as you want, china has the biggest pools and farms now. 

That's why the selling pressure is stronger there. Wink Mining doesn't matter, it's about who's buying the coins.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1232
Merit: 1011
That bid sum on finex and stamp  Cool Ask side is really thin...

It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon.


you can watch western exchanges as much as you want, china has the biggest pools and farms now. with lower demand in china and a lot of bagholders, I wonder where those coins are going to go.
legendary
Activity: 1281
Merit: 1046
...

I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore Smiley

Main account ? Alts ? Huh ?

Fluoride ? Alex Jones ? Aliens built the pyramids ? What are you talking about ? Are you suggesting that i'm NotLambchop ?

-------

I'm using this username since June and besides it i only had my original account, which i didn't wanted to use for bashing shitcoins or for anything that would cause me hurt in the future. Also, unfortunately, i found this thread a little bit too late.
legendary
Activity: 1246
Merit: 1000
That bid sum on finex and stamp  Cool Ask side is really thin...

It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon.
legendary
Activity: 1470
Merit: 1007
...

I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore Smiley
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
legendary
Activity: 1512
Merit: 1000
@theshmadz

... Today we are seeing an text-book bear flag (sym triangle with slowing volume) indicating  lower levels in an Wave 4 Elliot Cycle. Sure it could rebounce, but that chance would be 40/60, so my bets are on bear until I see a rounded bottom or similar reversal indication.



Based on your triangles closing, I would assume another day (or so) at current levels, followed by large dumps to 170$+ levels. Am I terribly wrong / bear-ish ?

What I see there, is that the volume increases as the price drops.

Could be an indication that a bottom is being discovered.

Also, volume dropping on price rise leads me to think that many are relatively happy with their current holdings and only looking to accumulate on the dips.

Until there is an influx of new participants that do not already have positions in this market, I do not think price will rise dramatically. If this influx of new blood does indeed happen, I would expect that the long term holders that have been suffering this market will not be willing to give up their coins cheaply.

Personally I think we could see sideways/downward movement for many months to come.

It would be the preferable situation for anyone looking to accumulate more coins.

"As low as possible for as long as possible"
full member
Activity: 280
Merit: 100
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
EFS
staff
Activity: 3976
Merit: 2260
Crypto Swap Exchange
I was promised a rally  Huh

I'm the rally nazi, no rally for you!
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