Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26665.

findftp

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Quote from: minerpumpkin on July 25, 2014, 12:16:10 PM

Quote from: Nightowlace on July 25, 2014, 12:09:38 PM

Are we seriously sitting here debating why we dipped less than 3%. Man I remember when no one even noticed 3% in either direction. Now it's cause for great debate and speculation.

Yeah, because we're basically at a point where it could go either way and people are expecting it to go up. And yet it doesn't. And after some weeks of sideways movement that drop wasn't very pleasant.

I predict it will happen at the 7777th page of this thread

JimboToronto

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Quote from: Nightowlace on July 25, 2014, 12:09:38 PM

Are we seriously sitting here debating why we dipped less than 3%. Man I remember when no one even noticed 3% in either direction. Now it's cause for great debate and speculation.

My thoughts exactly.

Price goes up by 5% and it's all trains and moon rockets.

Price goes down by 5% and it's the apocalypse.

minerpumpkin

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Quote from: Nightowlace on July 25, 2014, 12:09:38 PM

Are we seriously sitting here debating why we dipped less than 3%. Man I remember when no one even noticed 3% in either direction. Now it's cause for great debate and speculation.

Yeah, because we're basically at a point where it could go either way and people are expecting it to go up. And yet it doesn't. And after some weeks of sideways movement that drop wasn't very pleasant.

fichtn12345

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Quote from: Nightowlace on July 25, 2014, 12:09:38 PM

Are we seriously sitting here debating why we dipped less than 3%. Man I remember when no one even noticed 3% in either direction. Now it's cause for great debate and speculation.

lol

Nightowlace

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Are we seriously sitting here debating why we dipped less than 3%. Man I remember when no one even noticed 3% in either direction. Now it's cause for great debate and speculation.

minerpumpkin

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Quote from: cech4204a on July 25, 2014, 12:02:50 PM

Quote from: minerpumpkin on July 25, 2014, 11:54:39 AM

Quote from: cech4204a on July 25, 2014, 11:32:57 AM

ok i see now, i'd be more into second option but it's not that obvoius to say that 234 days is a rule, but maybe it will be. it happend like 2 or 3 times so far, so that can't be a rule i guess. Can somebody provide some more info about that 234 days or maybe a graph or something?

But no one leaves the boat if the bubble is a day or two late... It's just some random drop we don't know the reason for. Simple as that. Deal with it, bitcoin world

so if i understand that thing right it's time for bitcoin to jump in price? Why would it jump without any news or any other events triggering it to ''jump'' ?

Ha, well... Yeah, no one knows. Maybe someone got to know about bitcoin and decides to invest a million or two. If that person stretched the investment over week, we see a constant gain. Soon the TA indicators of all those traders jump to green (MACD, etc.) and thus they invest. We're then in a bull market and a positive-reinforcement-loop starts running. Media coverage spikes and there you got your bubble

cech4204a

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Quote from: minerpumpkin on July 25, 2014, 11:54:39 AM

Quote from: cech4204a on July 25, 2014, 11:32:57 AM

ok i see now, i'd be more into second option but it's not that obvoius to say that 234 days is a rule, but maybe it will be. it happend like 2 or 3 times so far, so that can't be a rule i guess. Can somebody provide some more info about that 234 days or maybe a graph or something?

But no one leaves the boat if the bubble is a day or two late... It's just some random drop we don't know the reason for. Simple as that. Deal with it, bitcoin world

so if i understand that thing right it's time for bitcoin to jump in price? Why would it jump without any news or any other events triggering it to ''jump'' ?

ChartBuddy

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Explanation

minerpumpkin

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Quote from: cech4204a on July 25, 2014, 11:32:57 AM

ok i see now, i'd be more into second option but it's not that obvoius to say that 234 days is a rule, but maybe it will be. it happend like 2 or 3 times so far, so that can't be a rule i guess. Can somebody provide some more info about that 234 days or maybe a graph or something?

But no one leaves the boat if the bubble is a day or two late... It's just some random drop we don't know the reason for. Simple as that. Deal with it, bitcoin world

LMGTFY

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Quote from: cech4204a on July 25, 2014, 11:32:57 AM

ok i see now, i'd be more into second option but it's not that obvoius to say that 234 days is a rule, but maybe it will be. it happend like 2 or 3 times so far, so that can't be a rule i guess. Can somebody provide some more info about that 234 days or maybe a graph or something?

http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zl - this is "all data" for MtGox (so ignore everything after the last peak - MtGox is no more. It has ceased to be...)

There are peaks (not necessarily All Time Highs) roughly every 6-9 months (November 2010, June 2011, January 2012, August 2012, April 2013, December 2013), which I guess someone felt was justification for the 234 days theory.

cech4204a

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Besides Bitcoin , you can also witness big drop in LTC price, i don't understand it neither. Anybody can explain LTC, i hope this is not off-topic, we are just monitoring the price of the two largest cryptos here.

cech4204a

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Quote from: minerpumpkin on July 25, 2014, 11:30:02 AM

Quote from: Dotto on July 25, 2014, 10:19:55 AM

Quote from: cech4204a on July 25, 2014, 10:11:19 AM

It went above 600$ in less than 1 day, i guess it was just a minor crash. Maybe bitcoins will rise soon, there were some news on 24.7. if i'm right but now i can't find it again what it was about, can somebody please let me know if that was the reason for crash?

Two circulating rumor/explanations:

-people selling BTC to participate the Ethereum IPO. Ethereum directly cashing out BTC to fiat
-the 24th of July self-prophecy about the 234 days bubble rubbing the wrong side

I don´t buy that teories, I think it´s more due a random dump or another unexpected/unknowable reason

Yeah those theories are far-fetched. They show, no one actually knows what or if some news caused the crash. Ethereum... are the coins still there? A bubble doesn't get called off if it's one day late. Also, it's not as if the price is declining at an increasing speed.

ok i see now, i'd be more into second option but it's not that obvoius to say that 234 days is a rule, but maybe it will be. it happend like 2 or 3 times so far, so that can't be a rule i guess. Can somebody provide some more info about that 234 days or maybe a graph or something?

JorgeStolfi

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OKCoin (mainland) seems to have detached from Huobi (it is ~12 CNY lower now, used to be only 203 CNY apart) and has very sparse order book. Its volume has recovered (~43 kBTC yestertday Jul/24), but that is still at the low end of its former range, and very low for a "dumping day". Is it on its way to closure?

minerpumpkin

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Quote from: Dotto on July 25, 2014, 10:19:55 AM

Quote from: cech4204a on July 25, 2014, 10:11:19 AM

It went above 600$ in less than 1 day, i guess it was just a minor crash. Maybe bitcoins will rise soon, there were some news on 24.7. if i'm right but now i can't find it again what it was about, can somebody please let me know if that was the reason for crash?

Two circulating rumor/explanations:

-people selling BTC to participate the Ethereum IPO. Ethereum directly cashing out BTC to fiat
-the 24th of July self-prophecy about the 234 days bubble rubbing the wrong side

I don´t buy that teories, I think it´s more due a random dump or another unexpected/unknowable reason

Yeah those theories are far-fetched. They show, no one actually knows what or if some news caused the crash. Ethereum... are the coins still there? A bubble doesn't get called off if it's one day late. Also, it's not as if the price is declining at an increasing speed.

Chalkbot

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Quote from: JayJuanGee on July 25, 2014, 02:50:53 AM

Quote from: Chalkbot on July 24, 2014, 11:28:14 PM

Quote from: JayJuanGee on July 24, 2014, 10:00:29 PM

Quote from: Davyd05 on July 24, 2014, 05:36:37 PM

my guess, is these plays are confirming bear whale manipulation. Trying to create panic out of thin air since we've been off the react to China tip for a while now.

Again I feel things like Coinsetter, Circle going live will bring more buyers who just weren't ready to buy, yet! And Barry going full-time exchange operator bodes well for the competitive atmosphere surrounding the race for an industry standard bitcoin exchange.

Coinsetter: I have NOT used Coinsetter, but from the website, it appears as if it is already live. I saw that there was a .25% trading fee, but I could NOT figure out the fee, if any to deposit fiat or to cash out to fiat.

Circle: About two months ago, I requested an invitation, and I have received a couple of acknowledgement e-mails from them. I have NOT received any invitation. I recall seeing a couple of pieces of information about Circle. First, it appears that there has been some use of Circle (but I cannot recall where I saw this information), and I do NOT know who has used Circle to make any transactions. Second, I recall reading some article (also, I cannot recall the article) that Circle would be sending out a large number of invitations in late July or early August. I am still waiting for such invitation, as I already mentioned. Sad

I have a Circle account. Got my invite yesterday.

I just checked my back e-mails to verify whether I missed something, and it appears that I have only received two e-mails from Circle. I received one e-mail from Circle on 5/27 acknowledging that they had received my request for an invite, and I received a second e-mail on 6/4 providing me a status update.

Maybe I will get my invite from Circle within the coming days? Or maybe within the coming weeks?

Chalkbot: When did you request your invite? Do you recall? Did you make your request before May 27?

I went through my email to see if I had any kind of message indicating when I originally requested an invite, but if there was one, I must not have saved it. The demo video where Jeremy explains the service and demonstrates the website came out on May 16th, and I had signed up a ways before that, when all we knew was there was a new bitcoin service called "Circle" coming, and the website had exactly that much information. I don't recall how much time there was between the first announcement and the demo. Possibly several months.

ChartBuddy

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Explanation

JorgeStolfi

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Quote from: Dotto on July 25, 2014, 10:19:55 AM

Two circulating rumor/explanations:
-people selling BTC to participate the Ethereum IPO. Ethereum directly cashing out BTC to fiat
-the 24th of July self-prophecy about the 234 days bubble rubbing the wrong side
I don´t buy that teories, I think it´s more due a random dump or another unexpected/unknowable reason

The drop happened on July 24 09:00 UTC (17:00 in China), 7 hours after OKCoin opened its International section (July 24 10:00 am in China, 02:00 UTC). The BTC:USD price there opened at 606$ and fell almost immediately to 596$: https://www.okcoin.com/ (wait for the plot to show up).

However the volume of the latter is still tiny (24 BTC in the last 24 hours). Apart from the 7 hour delay, the drop could not have been due to people selling their coins there.

But perhaps the end-of-May rise was due to Mainland Chinese traders stocking up in bitcoin in antecipation of the launch; and the drop was due to some of them realizing that OKCoin/International was not what they expected it to be, for some reason, and dumping their coins back into the Mainland market? Perhaps they had not realized that they needed to re-register, and maybe get over some legal obstacles?

wachtwoord

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Quote from: BTCfan1 on July 25, 2014, 10:27:50 AM

Quote from: wachtwoord on July 25, 2014, 10:22:34 AM

Quote from: Dotto on July 25, 2014, 10:19:55 AM

Quote from: cech4204a on July 25, 2014, 10:11:19 AM

It went above 600$ in less than 1 day, i guess it was just a minor crash. Maybe bitcoins will rise soon, there were some news on 24.7. if i'm right but now i can't find it again what it was about, can somebody please let me know if that was the reason for crash?

Two circulating rumor/explanations:

-people selling BTC to participate the Ethereum IPO. Ethereum directly cashing out BTC to fiat
-the 24th of July self-prophecy about the 234 days bubble rubbing the wrong side

I don´t buy that teories, I think it´s more due a random dump or another unexpected/unknowable reason

yeah it looked very random to me. I think the people dumping there will be sorry soon and be forced to rebuy significantly higher.

I hadn't thought about people selling btc for ether, that actually makes a lot of sense given all the pr ethereum has gotten this week

People that participated said the funds are in a multi-sig address and not used (yet of course).

BTCfan1

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Quote from: wachtwoord on July 25, 2014, 10:22:34 AM

Quote from: Dotto on July 25, 2014, 10:19:55 AM

Quote from: cech4204a on July 25, 2014, 10:11:19 AM

It went above 600$ in less than 1 day, i guess it was just a minor crash. Maybe bitcoins will rise soon, there were some news on 24.7. if i'm right but now i can't find it again what it was about, can somebody please let me know if that was the reason for crash?

Two circulating rumor/explanations:

-people selling BTC to participate the Ethereum IPO. Ethereum directly cashing out BTC to fiat
-the 24th of July self-prophecy about the 234 days bubble rubbing the wrong side

I don´t buy that teories, I think it´s more due a random dump or another unexpected/unknowable reason

yeah it looked very random to me. I think the people dumping there will be sorry soon and be forced to rebuy significantly higher.

I hadn't thought about people selling btc for ether, that actually makes a lot of sense given all the pr ethereum has gotten this week

wachtwoord

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Quote from: Dotto on July 25, 2014, 10:19:55 AM

Quote from: cech4204a on July 25, 2014, 10:11:19 AM

It went above 600$ in less than 1 day, i guess it was just a minor crash. Maybe bitcoins will rise soon, there were some news on 24.7. if i'm right but now i can't find it again what it was about, can somebody please let me know if that was the reason for crash?

Two circulating rumor/explanations:

-people selling BTC to participate the Ethereum IPO. Ethereum directly cashing out BTC to fiat
-the 24th of July self-prophecy about the 234 days bubble rubbing the wrong side

I don´t buy that teories, I think it´s more due a random dump or another unexpected/unknowable reason

yeah it looked very random to me. I think the people dumping there will be sorry soon and be forced to rebuy significantly higher.

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