Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26830. (Read 26720580 times)
July 16, 2014, 12:00:16 PM
July 16, 2014, 11:55:07 AM
- Absolutely the most fundamentally positive position bitcoin has ever been in - Check
- Weak hands sold low for no reason what-so-ever, and willing to panic buy in at a higher price - Check
- Price suppressed well under actual value by weeks of manipulation, making people lose faith in bitcoin for no reason - Check
- Price recovering quickly and stabilizing after a dirty market dump, proving no more people actually want to sell - Check
Hash rate increasing, fear in the global financial markets growing, Circle/Xapo/ETF's about to come online, MatTheCat comes back as a bear just in time...
Hope you all have your tickets.
- Weak hands sold low for no reason what-so-ever, and willing to panic buy in at a higher price - Check
- Price suppressed well under actual value by weeks of manipulation, making people lose faith in bitcoin for no reason - Check
- Price recovering quickly and stabilizing after a dirty market dump, proving no more people actually want to sell - Check
Hash rate increasing, fear in the global financial markets growing, Circle/Xapo/ETF's about to come online, MatTheCat comes back as a bear just in time...
Hope you all have your tickets.
July 16, 2014, 11:43:40 AM
Well, maybe [ mini-bubble ] is not the right technical term. I mean the one that started on May/20, at ~450 USD/BTC, and is still going on.
Fair enough, my techincal term would be an increase in value but you know, whatever perspective you look at it from 
OK, I used 'mini-bubble' because the onset was sudden and the rise was fairly fast (450 to 680, or 1.5x, in 10 days), but not as fast as the 'November bubble' (from 200 to 1200, or 6x, in 28 days).
thats not a bubble, that was the bottom.
The bottom (after the all-time high) was ~350 USD/BTC, on April 11.
No, just CNY, BTC and LTC.
CNY? Not CNH? (AFAIK it is the same currency, but called CNH when traded "offshore"; I suppose that there are barriers to limit flow between mainland and Hong Kong, is this so?) July 16, 2014, 11:37:54 AM
Adam you should add to the poll question "(current question)" + " and are you bearish or bullish" 
and the options like:
Below 18 Bearish
18-21 Bearish
22-24 Bearish
25-29 Bearish
30-39 Bearish
40-49 Bearish
50-69 Bearish
Above 70 Bearish
Below 18 Bullish
18-21 Bullish
22-24 Bullish
25-29 Bullish
30-39 Bullish
40-49 Bullish
50-69 Bullish
Above 70 Bullish
:]
Then if someone have split ego he will have to create second account
and the options like:
Below 18 Bearish
18-21 Bearish
22-24 Bearish
25-29 Bearish
30-39 Bearish
40-49 Bearish
50-69 Bearish
Above 70 Bearish
Below 18 Bullish
18-21 Bullish
22-24 Bullish
25-29 Bullish
30-39 Bullish
40-49 Bullish
50-69 Bullish
Above 70 Bullish
:]
Then if someone have split ego he will have to create second account
July 16, 2014, 11:35:13 AM
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
Price went down, value goes up. It's only a matter of time before price catches up with value.
what is the value ? isn't the value of a bitcoin exactly the price of a bitcoin ?
Price is not value --and vice versa , price is determined more by supply and demand than value, the value of something is somewhat apparent in the demand
July 16, 2014, 11:32:29 AM
Fiat value of btc is only what someone who is willing to buy it at: and instead of using some imaginary number like 1 or 1 million they usually use some exchange average value for it to convert, based on the last sale and buy and sell demand.
July 16, 2014, 11:31:54 AM
what is the value ? isn't the value of a bitcoin exactly the price of a bitcoin ?
no.
Of course, it is. Otherwise the value is like NaN or Null.
July 16, 2014, 11:27:27 AM
what is the value ? isn't the value of a bitcoin exactly the price of a bitcoin ?
no.
July 16, 2014, 11:09:48 AM
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
Price went down, value goes up. It's only a matter of time before price catches up with value.
what is the value ? isn't the value of a bitcoin exactly the price of a bitcoin ?
July 16, 2014, 11:08:22 AM
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
Maybe check that phases of a bubble chart again, everyone got all despondent a week or so ago and it started going up
This looks uncomfortably like manipulation but it could simply be the market maturing. Whatever it is commerce will love it and the "its to unstable to be money" crowd will finally stfu. Pump and dumpers are getting burned and day traders cant be too happy but overall this stability is good for bitcoin.so after a week you say? I still have a bunch of coins, I would love to see them worth 10x more
July 16, 2014, 11:05:04 AM
I'm 12... (mentally)
Hey! So this is just typical it seems.
Nothing to worry about in my case.
Good.
July 16, 2014, 11:00:18 AM
July 16, 2014, 10:38:18 AM
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
I agree, and I really think the slow to a crawl during the summer months just proves and underlines the fact that the Bitcoin market is still RULED by:
1. Adolescents that only want to speculate during off-summer periods. During summer it's all vacations, beers, chasing skirt, and happy fun time. I bet if we did an honest poll, we'd find that > 90% of all bitcoin holders are under the age of 25. Also points the the overall maturity level of the existing market (no offense to anyone here).
2. Whales that only want to speculate during off-summer periods. "Sell in May and go away." And without major news on the near term horizon, they know they won't get the run up that they need to make serious money. We need to keep in mind, that these guys get their insider info way ahead of the rest of the market, often months in advance.
Despite all the seemingly BIG news in the bitcoin investor media, this market is still extremely small. Ridiculously so. I mean c'mon, realistically we're still at what, maybe ~1M bitcoin holders worldwide at best? That's both the good news and the bad news, all rolled into one.
ADAM::::: Maybe we need a poll to ask the question of ages of readers of this thread?
What's your age?
Below 18?
18-21?
22-24?
25-29?
30-39?
40-49?
50-69?
Above 70?
I'm 12... (mentally)
July 16, 2014, 10:23:00 AM
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
I agree, and I really think the slow to a crawl during the summer months just proves and underlines the fact that the Bitcoin market is still RULED by:
1. Adolescents that only want to speculate during off-summer periods. During summer it's all vacations, beers, chasing skirt, and happy fun time. I bet if we did an honest poll, we'd find that > 90% of all bitcoin holders are under the age of 25. Also points the the overall maturity level of the existing market (no offense to anyone here).
2. Whales that only want to speculate during off-summer periods. "Sell in May and go away." And without major news on the near term horizon, they know they won't get the run up that they need to make serious money. We need to keep in mind, that these guys get their insider info way ahead of the rest of the market, often months in advance.
Despite all the seemingly BIG news in the bitcoin investor media, this market is still extremely small. Ridiculously so. I mean c'mon, realistically we're still at what, maybe ~1M bitcoin holders worldwide at best? That's both the good news and the bad news, all rolled into one.
ADAM::::: Maybe we need a poll to ask the question of ages of readers of this thread?
What's your age?
Below 18?
18-21?
22-24?
25-29?
30-39?
40-49?
50-69?
Above 70?
July 16, 2014, 10:19:11 AM
What mini bubble is this? I sure dont see any bubbling at the moment.
Well, maybe it is not the right technical term. I mean the one that started on May/20, at ~450 USD/BTC, and is still going on.
Fair enough, my techincal term would be an increase in value but you know, whatever perspective you look at it from
Btw for your records BitVC is quite a good platform, been there for a day or so testing it out.
Thanks! Is it already open for general registration? Does is have other options besides BTC x LTC?
No, invite only currently though it doesn't seem too exclusive so an invite shouldn't be hard to find.
No, just CNY, BTC and LTC.
July 16, 2014, 10:17:18 AM
What mini bubble is this? I sure dont see any bubbling at the moment.
Well, maybe it is not the right technical term. I mean the one that started on May/20, at ~450 USD/BTC, and is still going on.
thats not a bubble, that was the bottom.
just buy a bitcoin Jorge
July 16, 2014, 10:15:03 AM
What mini bubble is this? I sure dont see any bubbling at the moment.
Well, maybe it is not the right technical term. I mean the one that started on May/20, at ~450 USD/BTC, and is still going on.
Btw for your records BitVC is quite a good platform, been there for a day or so testing it out.
Thanks! Is it already open for general registration? Does is have other options besides BTC x LTC? July 16, 2014, 10:07:45 AM
Huobi has detached itself from OKCoin over the last few days. They used to be only 2-3 yuan apart, recently Huobi has been 20 yuan lower or more.
Huobi's volume has been shrinking too; it was ~20 kBTC/day on average over the last week, only 12 kBTC yesterday (Jul/15) -- whereas in Feb/Mar it typically had more than 50 kBTC/day. (Its record was 353 kBTC on Feb/25.) Yesterday's was the lowest volume since the New Year holidays -- excuding the three days May 17--19, the lull just before the sudden start of the current mini-bubble.
OKCoin (which used to be a distant second place to Huobi, a few months ago) has been shrinking too, but not as much. It has long surpassed Huobi and now has ~40 kBTC/day on average, 22 kBTC yesterday.
The shrinking of Huobi may perhaps be due to the opening of their Hong Kong exchange, BitVC. AFAIK it only trades BTC against LTC, and is still invitation-only; presumably the largest Huobi clients were invited and are having fun at BitVC rather than Huobi. Maybe some of them were OKCoin clients too. If that is teh case, the transfer of BTC from Huobi to BitVC may also be the cause of the current mini-bubble.
Huobi's volume has been shrinking too; it was ~20 kBTC/day on average over the last week, only 12 kBTC yesterday (Jul/15) -- whereas in Feb/Mar it typically had more than 50 kBTC/day. (Its record was 353 kBTC on Feb/25.) Yesterday's was the lowest volume since the New Year holidays -- excuding the three days May 17--19, the lull just before the sudden start of the current mini-bubble.
OKCoin (which used to be a distant second place to Huobi, a few months ago) has been shrinking too, but not as much. It has long surpassed Huobi and now has ~40 kBTC/day on average, 22 kBTC yesterday.
The shrinking of Huobi may perhaps be due to the opening of their Hong Kong exchange, BitVC. AFAIK it only trades BTC against LTC, and is still invitation-only; presumably the largest Huobi clients were invited and are having fun at BitVC rather than Huobi. Maybe some of them were OKCoin clients too. If that is teh case, the transfer of BTC from Huobi to BitVC may also be the cause of the current mini-bubble.
What mini bubble is this? I sure dont see any bubbling at the moment.
Btw for your records BitVC is quite a good platform, been there for a day or so testing it out.
July 16, 2014, 10:03:05 AM
Huobi has detached itself from OKCoin over the last few days. They used to be only 2-3 yuan apart, recently Huobi has been 20 yuan lower or more.
Huobi's volume has been shrinking too; it was ~20 kBTC/day on average over the last week, only 12 kBTC yesterday (Jul/15) -- whereas in Feb/Mar it typically had more than 50 kBTC/day. (Its record was 353 kBTC on Feb/25.) Yesterday's was the lowest volume since the New Year holidays -- excuding the three days May 17--19, the lull just before the sudden start of the current mini-bubble.
OKCoin (which used to be a distant second place to Huobi, a few months ago) has been shrinking too, but not as much. It has long surpassed Huobi and now has ~40 kBTC/day on average, 22 kBTC yesterday.
The shrinking of Huobi may perhaps be due to the opening of their Hong Kong exchange, BitVC. AFAIK it only trades BTC against LTC, and is still invitation-only; presumably the largest Huobi clients were invited and are having fun at BitVC rather than Huobi. Maybe some of them were OKCoin clients too. If that is teh case, the transfer of BTC from Huobi to BitVC may also be the cause of the current mini-bubble.
Huobi's volume has been shrinking too; it was ~20 kBTC/day on average over the last week, only 12 kBTC yesterday (Jul/15) -- whereas in Feb/Mar it typically had more than 50 kBTC/day. (Its record was 353 kBTC on Feb/25.) Yesterday's was the lowest volume since the New Year holidays -- excuding the three days May 17--19, the lull just before the sudden start of the current mini-bubble.
OKCoin (which used to be a distant second place to Huobi, a few months ago) has been shrinking too, but not as much. It has long surpassed Huobi and now has ~40 kBTC/day on average, 22 kBTC yesterday.
The shrinking of Huobi may perhaps be due to the opening of their Hong Kong exchange, BitVC. AFAIK it only trades BTC against LTC, and is still invitation-only; presumably the largest Huobi clients were invited and are having fun at BitVC rather than Huobi. Maybe some of them were OKCoin clients too. If that is teh case, the transfer of BTC from Huobi to BitVC may also be the cause of the current mini-bubble.
July 16, 2014, 10:00:35 AM
From what we've witnessed so far, there's a ton of good news that point to the moon direction. Nevertheless, we've also witnessed that bitcoin does whatever it sees fit without program and no prediction. Only a handful of people know exactly when it pumps and you *may* have noticed that they're very very quiet when the time comes.
You know my opinion. Just HODL!
But of course:
You know my opinion. Just HODL!
But of course:
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