Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26668.

JayJuanGee

legendary

Activity: 3934

Merit: 11405

Self-Custody is a right. Say no to"Non-custodial"

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?

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: ShameOnYou on July 25, 2014, 02:14:12 AM

Did you see the other Coindesk news? http://www.coindesk.com/ecuador-bans-bitcoin-legislative-vote/

Quote

The National Assembly of Ecuador has effectively banned bitcoin and decentralized digital currencies while establishing guidelines for the creation of a new, state-run currency.

I know Ecuador isn't a particularly influential place on the rest of the world, but it's not the most bullish news in the world. Yeah, yeah, anti-fragile and all that.

Ecuador may not be a technology hub, but the current government seems to be smarter than average about cyberthings. Ecuador gave asylum to Assange, for example, while many other countries that should have helped him (including Brazil) were still uncertain about their view of Wikileaks.

The policy of Brazil and other LA countries towards bitcoin seems to be "er, we don't understand it well, let's follow the US and hope it works out". And the US is strangely sympathetic to bitcoin, I wonder why. However Brazil, like most countries, has laws that prohibit the use of currencies other than the Real in retail commerce and other contexts. It is likely those countries will some day apply those laws to crypto, too.

Ecuador is just ahead of them in having a plan for a national digital currency. In my understanding, that prmompted them to explicily restate those laws for digital currencies too.

cmacwiz

sr. member

Activity: 704

Merit: 270

lol at the ecuador news. No offense to Ecuador, but....

Also people say Etherium is dumping or something? Anyone wanna give me a quick tl;dr? People associated with etherium project are dumping BTC for fiat, why?

seljo

legendary

Activity: 1178

Merit: 1014

Hodling since 2011.®

So someone dumped 7k + koinz and price dropped to 600. I can't think of anyone who gathered 7k btc out of thin air and dump them somewhere for fiat, oh wait Ethereum?

ShameOnYou

full member

Activity: 238

Merit: 100

Quote from: Newbie1022 on July 25, 2014, 02:10:38 AM

Order books look more balanced... seems the crowd is favoring a bounce back, but who the hell knows what the whales are planning.

Volume on that drop wasn't even very impressive (at least looking at Huobi....that's where I pay the most attention). But if you look at momentum, like 1hr RSI, straight down to hell. It worries me not to see much fight on the way down, so even low volume dumps look more significant than they might really be (at least from a volume-weighted perspective).

ShameOnYou

full member

Activity: 238

Merit: 100

Quote from: Muhammed Zakir on July 25, 2014, 01:49:46 AM

Quote from: wasserman99 on July 25, 2014, 01:35:50 AM

Quote from: Newbie1022 on July 24, 2014, 10:04:45 PM

Wow team, you all must really be depressed to refuse to write anything in the midst of a 2000 coin Chinese pump (which doesn't even get us close to where we were, yesterday, but still). Cheer up!!

Unfortunately looks like the bounce may already be failing. Seems we may go back to retest the low from last night/this morning. I'd like to be bullish, as I am all in, but that drop yesterday caught me off guard. Undecided

See the coindesk news. Explained greatly. You can see a part of that in the above post of mine.

Kindly,
MZ

Did you see the other Coindesk news? http://www.coindesk.com/ecuador-bans-bitcoin-legislative-vote/

Quote

The National Assembly of Ecuador has effectively banned bitcoin and decentralized digital currencies while establishing guidelines for the creation of a new, state-run currency.

I know Ecuador isn't a particularly influential place on the rest of the world, but it's not the most bullish news in the world. Yeah, yeah, anti-fragile and all that.

Newbie1022

full member

Activity: 238

Merit: 100

Order books look more balanced... seems the crowd is favoring a bounce back, but who the hell knows what the whales are planning.

bassclef

hero member

Activity: 924

Merit: 1000

Quote from: molecular on July 25, 2014, 01:46:48 AM

Quote from: wasserman99 on July 25, 2014, 01:35:50 AM

Quote from: Newbie1022 on July 24, 2014, 10:04:45 PM

Wow team, you all must really be depressed to refuse to write anything in the midst of a 2000 coin Chinese pump (which doesn't even get us close to where we were, yesterday, but still). Cheer up!!

Unfortunately looks like the bounce may already be failing. Seems we may go back to retest the low from last night/this morning. I'd like to be bullish, as I am all in, but that drop yesterday caught me off guard. Undecided

I'm not ruling that out, but it doesn't necessarily look like that to me:

That's because you're looking at a 5 minute chart of what could very well be a bull trap.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Muhammed Zakir

hero member

Activity: 560

Merit: 509

I prefer Zakir over Muhammed when mentioning me!

Quote from: wasserman99 on July 25, 2014, 01:35:50 AM

Quote from: Newbie1022 on July 24, 2014, 10:04:45 PM

Wow team, you all must really be depressed to refuse to write anything in the midst of a 2000 coin Chinese pump (which doesn't even get us close to where we were, yesterday, but still). Cheer up!!

Unfortunately looks like the bounce may already be failing. Seems we may go back to retest the low from last night/this morning. I'd like to be bullish, as I am all in, but that drop yesterday caught me off guard. Undecided

See the coindesk news. Explained greatly. You can see a part of that in the above post of mine.

Kindly,
MZ

molecular

donator

Activity: 2772

Merit: 1019

Quote from: wasserman99 on July 25, 2014, 01:35:50 AM

Quote from: Newbie1022 on July 24, 2014, 10:04:45 PM

Wow team, you all must really be depressed to refuse to write anything in the midst of a 2000 coin Chinese pump (which doesn't even get us close to where we were, yesterday, but still). Cheer up!!

Unfortunately looks like the bounce may already be failing. Seems we may go back to retest the low from last night/this morning. I'd like to be bullish, as I am all in, but that drop yesterday caught me off guard. Undecided

I'm not ruling that out, but it doesn't necessarily look like that to me:

Muhammed Zakir

hero member

Activity: 560

Merit: 509

I prefer Zakir over Muhammed when mentioning me!

Quote from: Muhammed Zakir on July 25, 2014, 01:12:16 AM

Quote

“In any other time, in any part of 2013, and even before that, an event like Dell [taking bitcoin], would have shot the price up by 20-50%,” said Mark Lamb, chief executive of London-based exchange Coinfloor, which has been growing its daily trading volume of about 150 BTC since it launched in March.

In fact, the value of a bitcoin hadn’t closed below $600 over the last 30 days, according to the CoinDesk BPI, except for a blip today, which saw it dive briefly to a low of $591.

I thought that the price will increase after the adoption of BTC by DELL but now it the BTC price dropped in a way we didn't though.

Quote

The trough of disillusionment

Maybe bitcoin’s price needs more than good news.

After all, people need time to figure out world-changing, disruptive technologies like bitcoin. Positive newsflow in the interim isn’t going to help the world adapt to our bitcoin future, no matter how many computers Dell sells.

That’s what Joe Lee, a trader and founder of bitcoin derivatives exchange BTC.sx, thinks is going on.

“The price is stagnant because we’re going through a trough of technology adoption for crypto currencies, where the world is working how to take it,” he said, citing technology research firm Gartner’s theory of a technology adoption ‘hype cycle’.

Gartner’s hype cycle, which comes complete with interactive chart, is a fancier way of saying that all that positive news is going to take time to sink into people’s minds. In Gartner-speak, we went over the Peak of Inflated Expectations in January, when the price was soaring, and now we’re headed into the Trough of Disillusionment.

Gartner’s hype cycle

I think that's true though we don't think it is. Roll Eyes

Kindly,
MZ

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: Newbie1022 on July 24, 2014, 10:04:45 PM

Wow team, you all must really be depressed to refuse to write anything in the midst of a 2000 coin Chinese pump (which doesn't even get us close to where we were, yesterday, but still). Cheer up!!

Unfortunately looks like the bounce may already be failing. Seems we may go back to retest the low from last night/this morning. I'd like to be bullish, as I am all in, but that drop yesterday caught me off guard. Undecided

raid_n

sr. member

Activity: 269

Merit: 250

Quote from: hardhouseinc on July 24, 2014, 08:42:26 PM

The general public is NEVER going to put large amounts of money into bitcoin
when they see articles about bitcoin dropping 10% overnight for no reason other
than the idiot sheep lemming traders panic or some moron hits the wrong button
and sells 2 million in bitcoin by mistake.

You are right, however they will put large amounts of money into bitcoin when it magically recovers and soars to new highs.

Lets face it. Volatility is needed for bitcoin adoption at this point.
Anyone with even half a brain will try to buy when bitcoin is crashing and not when it is moving up.
In my opinion it is much more likely that a large dump will kick off the next strong upwards movement.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Made a slight recovery from the digger we took this morning. I still think we are going to have a big July/August

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Davyd05

hero member

Activity: 574

Merit: 500

Ecuador banned bitcoin we're dooomed! Tongue

hyphymikey

hero member

Activity: 784

Merit: 1000

Quote from: hardhouseinc on July 24, 2014, 09:18:20 PM

Im just tired of where I see BTC going.
Im selling all my ASICs and exchanging all my BTC locally.
Im calling it a day with BTC, its just not at all what I thought it would be.
Im tired of wasting all day on forums trying to not loose a ton of money being involved with bitcoin.
Too many scams.
Too many pointless panics.
Too many day traders dropping the price for the general public.
I bid this site adios.

Leaving this site is somewhat understandable. But dude, don't sell ALL your coins. Put some on a paper wallet and just forget about it. Then come back to the forum and thank me in a year or two (more likely even sooner).

Ive had the worst luck with bitcoins, lost some margin trading, a lot of my physical coins were stolen, and I'm not about to just jump ship. Bitcoin (protocol) has not changed, so there is no reason to get out completely.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

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Explanation

Chalkbot

legendary

Activity: 896

Merit: 1001

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.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26668. (Read 26630455 times)