Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25019.

dbranch

newbie

Activity: 2

Merit: 0

Quote from: FNG on October 20, 2014, 05:30:11 AM

3 recent hard dumps, 3 recoveries.

They going to try again or let it run this time

Looks like someone has been taking out stop losses to buy coins. I would say they will keep doing it, until it stops being profitable.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Quote from: touhonoob on October 20, 2014, 02:41:17 AM

It's the YEAR 2024...Shopping channels have changed a bit since you were a kid

hahaha amazing Grin

FNG

hero member

Activity: 588

Merit: 500

3 recent hard dumps, 3 recoveries.

They going to try again or let it run this time

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: podyx on October 20, 2014, 04:33:16 AM

Was huobi wall pulled??

I believe this is so, from my earlier witnessing of near when it disappeared , looks like a set of stairs now.

podyx

legendary

Activity: 2338

Merit: 1035

Was huobi wall pulled??

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: brg444 on October 20, 2014, 03:58:01 AM

Quote from: Erdogan on October 20, 2014, 03:07:30 AM

Quote from: hmmmstrange on October 19, 2014, 04:54:27 PM

Quote from: inca on October 19, 2014, 04:40:04 PM

Quote from: colour on October 19, 2014, 04:22:45 PM

Quote from: hmmmstrange on October 19, 2014, 04:06:17 PM

With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.

Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop.

Remember that inflation used to be much higher

Yep, it was much higher but the the coins were being mined by "hobbyists" who didn't sell them. Right now the majority of coins are being mined in china where they have very little incentive of keeping them.

"As a response to the decline in the bitcoin price during the quarter, the company decided to reduce the number of bitcoins sold from its mining operations. It plans to sell its mined cryptocurrecy when the market value tilts in its favour."

http://www.zdnet.com/bitcoin-hoard-no-remedy-for-negative-cashflow-7000034841/

Wow thanks for this link

There is some very interesting information in there from the September quarter report of DigitalCCLimited, parent company of the digitalX Direct platform used by GABI for OTC purchases :
http://www.asx.com.au/asxpdf/20141020/pdf/42t0mqrygyzd74.pdf

Interesting report. We can infer that GABI just recently bought OTC. Their liquidity desk looked interesting.

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: brg444 on October 20, 2014, 03:58:01 AM

Quote from: Erdogan on October 20, 2014, 03:07:30 AM

Quote from: hmmmstrange on October 19, 2014, 04:54:27 PM

Quote from: inca on October 19, 2014, 04:40:04 PM

Quote from: colour on October 19, 2014, 04:22:45 PM

Quote from: hmmmstrange on October 19, 2014, 04:06:17 PM

With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.

Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop.

Remember that inflation used to be much higher

Yep, it was much higher but the the coins were being mined by "hobbyists" who didn't sell them. Right now the majority of coins are being mined in china where they have very little incentive of keeping them.

"As a response to the decline in the bitcoin price during the quarter, the company decided to reduce the number of bitcoins sold from its mining operations. It plans to sell its mined cryptocurrecy when the market value tilts in its favour."

http://www.zdnet.com/bitcoin-hoard-no-remedy-for-negative-cashflow-7000034841/

Wow thanks for this link

There is some very interesting information in there from the September quarter report of DigitalCCLimited, parent company of the digitalX Direct platform used by GABI for OTC purchases :
http://www.asx.com.au/asxpdf/20141020/pdf/42t0mqrygyzd74.pdf

from this we can assume GABI has bought no more than 2.5 millions $ worth of bitcoins so far.

"Significant increase in volume of bitcoins traded through Liquidity Desk operations with bitcoins sales of US$2.5 million during the quarter"

"This has been particularly evident for the company's Liquidity Desk operations with two "first ever" transactions, one with the bitcoin hedge fund GABI and another with derivatives exchange TeraExchange, being undertaken with regulated counterparties."

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: Erdogan on October 20, 2014, 03:07:30 AM

Quote from: hmmmstrange on October 19, 2014, 04:54:27 PM

Quote from: inca on October 19, 2014, 04:40:04 PM

Quote from: colour on October 19, 2014, 04:22:45 PM

Quote from: hmmmstrange on October 19, 2014, 04:06:17 PM

With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.

Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop.

Remember that inflation used to be much higher

Yep, it was much higher but the the coins were being mined by "hobbyists" who didn't sell them. Right now the majority of coins are being mined in china where they have very little incentive of keeping them.

"As a response to the decline in the bitcoin price during the quarter, the company decided to reduce the number of bitcoins sold from its mining operations. It plans to sell its mined cryptocurrecy when the market value tilts in its favour."

http://www.zdnet.com/bitcoin-hoard-no-remedy-for-negative-cashflow-7000034841/

Wow thanks for this link

There is some very interesting information in there from the September quarter report of DigitalCCLimited, parent company of the digitalX Direct platform used by GABI for OTC purchases :
http://www.asx.com.au/asxpdf/20141020/pdf/42t0mqrygyzd74.pdf

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: ShroomsKit on October 20, 2014, 03:17:44 AM

At the moment Bitcoin looks like just another scammy pump and dump coin.
These fucking traders are horrible. I wish they would move on to something else they can destroy.

You should just quit now.

When Wall Street enters, you're gonna be left with a heart attack.

inca

legendary

Activity: 1176

Merit: 1000

If we hold here then 400 is toast in short order.

edit: Just bought from circle. God it is easy.

bigdave

full member

Activity: 224

Merit: 100

Quote from: ShroomsKit on October 20, 2014, 03:17:44 AM

At the moment Bitcoin looks like just another scammy pump and dump coin.
These fucking traders are horrible. I wish they would move on to something else they can destroy.

Why are you still in bitcoin? I don't think I've ever seen a positive post from you.

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

Quote from: Omikifuse on October 20, 2014, 03:05:51 AM

Quote from: ChartBuddy on October 20, 2014, 03:00:48 AM

Explanation

why green is bigger and bigger, but price keeps going lower and lower?

It's just like a tsunami.
Water is pulling back further and further, until...

ShroomsKit

hero member

Activity: 672

Merit: 500

At the moment Bitcoin looks like just another scammy pump and dump coin.
These fucking traders are horrible. I wish they would move on to something else they can destroy.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: Omikifuse on October 20, 2014, 03:05:51 AM

Quote from: ChartBuddy on October 20, 2014, 03:00:48 AM

Explanation

why green is bigger and bigger, but price keeps going lower and lower?

Bitcoin can be moved onto and off of an exchange in minutes. Fiat takes days.

Smart people try to leave coins off exchange and move them on only to trade and get them safely into cold storage as soon as possible.

Because fiat takes so long to move, it becomes necessary to leave it on exchange longer, so people leave it in the form of bids, often staggered but sometimes as distinct walls.

Omikifuse

legendary

Activity: 1862

Merit: 1009

Quote from: ?? on ??

Whales forcing fishes to sell low... With 3d macd turning green, this is probably last chance to get coins at this price

people saying it since the 500+ level Sad

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: hmmmstrange on October 19, 2014, 04:54:27 PM

Quote from: inca on October 19, 2014, 04:40:04 PM

Quote from: colour on October 19, 2014, 04:22:45 PM

Quote from: hmmmstrange on October 19, 2014, 04:06:17 PM

With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.

Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop.

Remember that inflation used to be much higher

Yep, it was much higher but the the coins were being mined by "hobbyists" who didn't sell them. Right now the majority of coins are being mined in china where they have very little incentive of keeping them.

"As a response to the decline in the bitcoin price during the quarter, the company decided to reduce the number of bitcoins sold from its mining operations. It plans to sell its mined cryptocurrecy when the market value tilts in its favour."

http://www.zdnet.com/bitcoin-hoard-no-remedy-for-negative-cashflow-7000034841/

Omikifuse

legendary

Activity: 1862

Merit: 1009

Quote from: ChartBuddy on October 20, 2014, 03:00:48 AM

Explanation

why green is bigger and bigger, but price keeps going lower and lower?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25019. (Read 26720849 times)