Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26187. (Read 26711233 times)
August 23, 2014, 11:41:05 AM
This fall was on extremely low volume, there might be another leg up to come. We went down 30$ with barely 10k volume on Stamp. Last 4 hours are probably the lowest volume since I came to Bitcoin world. Less than 500 coins traded in 4 hours on western exchanges.
August 23, 2014, 11:28:48 AM
Looking bad..
I don't know. The other exchanges ignored it, unless that caused a $3 drop on Bfx. If we go down (which we will in the next 6 hours) it wont be because of BTCChina. It will be because we could not rebound back to 615.
Oddly, dropping prices give traders a reference point. Ranging confuses everyone.
Almost 10BTC in 30 trades in the meanwhile, causing a pricedrop of 2,50$. Better panic sale now!
August 23, 2014, 11:27:47 AM
Looking bad..
I don't know. The other exchanges ignored it, unless that caused a $3 drop on Bfx. If we go down (which we will in the next 6 hours) it wont be because of BTCChina. It will be because we could not rebound back to 615.
Oddly, dropping prices give traders a reference point. Ranging confuses everyone.
Looking over the last few hours, it looks like 1-1.50 drop, maybe, if I squint close. That ain't no drop.
August 23, 2014, 11:23:42 AM
Looking bad..
I don't know. The other exchanges ignored it, unless that caused a $3 drop on Bfx. If we go down (which we will in the next 6 hours) it wont be because of BTCChina. It will be because we could not rebound back to 615.
Oddly, dropping prices give traders a reference point. Ranging confuses everyone.
Almost 10BTC in 30 trades in the meanwhile, causing a pricedrop of 2,50$. Better panic sale now!
August 23, 2014, 11:21:54 AM
Looking bad..
I don't know. The other exchanges ignored it, unless that caused a $3 drop on Bfx. If we go down (which we will in the next 6 hours) it wont be because of BTCChina. It will be because we could not rebound back to 615.
Oddly, dropping prices give traders a reference point. Ranging confuses everyone.
August 23, 2014, 11:20:40 AM
finaly vol is dying down a bit...
the insanity is on pause this weekend?
the insanity is on pause this weekend?
It ain´t over till it´s over. Try and get some sleep but when you wake up we will be @ 0 or 2000$. Good luck Adam!
sweet!
one way or another, 24hours and the torment will be over!
August 23, 2014, 11:20:06 AM
Looking bad..
I don't know. The other exchanges ignored it, unless that caused a $3 drop on Bfx. If we go down (which we will in the next 6 hours) it wont be because of BTCChina. It will be because we could not rebound back to 615.
Oddly, dropping prices give traders a reference point. Ranging confuses everyone.
August 23, 2014, 11:19:09 AM
Hodlers, you are fucked up and you just don't know it... not yet, not spreading any FUD only facts.
August 23, 2014, 11:18:38 AM
finaly vol is dying down a bit...
the insanity is on pause this weekend?
the insanity is on pause this weekend?
It ain´t over till it´s over. Try and get some sleep but when you wake up we will be @ 0 or 2000$. Good luck Adam!
August 23, 2014, 11:15:22 AM
finaly vol is dying down a bit...
the insanity is on pause this weekend?
the insanity is on pause this weekend?
August 23, 2014, 11:12:25 AM
Looking bad..
August 23, 2014, 11:11:24 AM
BTCChina @3000 
Oh, didn´t the phantom orders fill in time.
Edit: Lol@orderbook. They probably don´t have more than 1000BTC on their site but represent the market with the highest volume, ridiculous.
August 23, 2014, 11:09:06 AM
BTCChina @3000
August 23, 2014, 11:02:05 AM
You rarely see them in all the noise, but just now there were multiple substantial buys (total around 500 BTC) to the ask side on Huobi.
you can remove the noise if you use http://bitcoinity.org/
i set mine to only show >1BTC trades
August 23, 2014, 11:02:01 AM
i look at it two ways:
1. For trading, the price doesn't matter; only volatility matters. Everything is just numbers and patterns on a computer monitor. The future did not drop 60 percent since December, only the market did, probably due to old owners cashing out.
2. Fundamentally, a bitcoin price under 700 is cheap. Maybe under 1000. Maybe, realistically based on past prices, 3k is cheap. Consider how widely it can be used, the future in the remittance market, the ETFs (which I think are over-rated), the use as a store of money and replacement for the $21 TRILLION tax haven industry.
Unfortunately, the price is based on #1. I own it long term for reason #2, but trade for reason #1.
1. For trading, the price doesn't matter; only volatility matters. Everything is just numbers and patterns on a computer monitor. The future did not drop 60 percent since December, only the market did, probably due to old owners cashing out.
2. Fundamentally, a bitcoin price under 700 is cheap. Maybe under 1000. Maybe, realistically based on past prices, 3k is cheap. Consider how widely it can be used, the future in the remittance market, the ETFs (which I think are over-rated), the use as a store of money and replacement for the $21 TRILLION tax haven industry.
Unfortunately, the price is based on #1. I own it long term for reason #2, but trade for reason #1.
August 23, 2014, 11:00:42 AM
August 23, 2014, 10:41:04 AM
4-500 coin mini walls set up to ensure no-one goes nowhere while the player/s take the w/e off.
Move along, nothing to see here.
Move along, nothing to see here.
Yes it is the perfect time to not open a new position and just enjoy the weekend. I think the next move will either be $550 or $470. I have no idea which. I just added new fiat, but I will most likely not open a position while we remain in this area. High volume events might make me reconsider though.
thinking the same thing, debating sending more fiat, for the 470 possibility.
August 23, 2014, 10:27:06 AM
Adam trolling his own thread, disappointing...
oh come on... did no one have a lol from that analogy?
Sorry Adam, I don't even understand it: hold on to your butts??? Instead of a lol, it was wtf for me.
And while Bitlicense is pointless for the bottom price, for the next mania phase it might be important.
dino smashes through wall causing panic and chaos.
made sense in my head...
often things make sense in my head and don't make sense in RL, oh well. ignore me.
August 23, 2014, 10:09:37 AM
Adam trolling his own thread, disappointing...
oh come on... did no one have a lol from that analogy?
Sorry Adam, I don't even understand it: hold on to your butts??? Instead of a lol, it was wtf for me.
And while Bitlicense is pointless for the bottom price, for the next mania phase it might be important.
August 23, 2014, 10:09:19 AM
4-500 coin mini walls set up to ensure no-one goes nowhere while the player/s take the w/e off.
Move along, nothing to see here.
Move along, nothing to see here.
Yes it is the perfect time to not open a new position and just enjoy the weekend. I think the next move will either be $550 or $470. I have no idea which. I just added new fiat, but I will most likely not open a position while we remain in this area. High volume events might make me reconsider though.
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