Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27530. (Read 26711016 times)

seems like btc-e is liking 555.55$ rate too much.. saw it way too many times in last few hours..! now up at 557.50$ though

I suspect it's because he sees Bitcoin as a tool exclusively of interest to people with whose politics he disagrees.  It's one of the many things he's wrong about but, for my money, that's possibly the most egregious one.

https://www.youtube.com/watch?v=HPvs9XjHOkI

Explanation

FTFU
Sorry Jorge I can't help myself,  I just need to know why? 

I was trying to think of how Jorge fits into his own analogy. This is perfect!

I personally didn't put much serious consideration into the Willy nonsense. Since Gox is priced in, it would affect the market little, if any. Plus traders noticed it turn on/off while it was running, so it's not something new.

I turned more bearish last night watching the waning buy support on Huobi (the market maker, aka exchange to watch first) around 3600. The longer this sideways/downward consolidation draws out on decreased volume, the more chance bears will start to sell. We are also overbought on the 1d/3d RSI, historically a pretty decent indicator when calling tops.

What comes up, must come down. Markets tend to fall on their own weight when there's not enough buy support. This is especially true of these markets because they are so small and overshoot like an excited teenager, then correct heavily.

All in good time though. I'm still bullish for the coming months. Good times ahead for BTC holders.

Damn it Jorge, buy a bitcoin!

Not to mention cheering loudly and unashamedly when the team suffers a goal against or an unfair referee decision.  Oh and he regularly stands outside warning passers by not to come in but to avoid football at all costs because... well just because. 

Maybe you're right, but don't forget to add the old guy in the corner saying "This 'football' thing will never catch on, you know"

I agree, it seems still only speculation. That's why part of me wonders if we might see more evidence come out in the future that may negatively impact the market. My general feeling about effect on price was that people were willing to pay x $ for y BTC at that time, and since then we have built significant support on top. So I'm thinking it is mostly priced in, but was interested in other opinions as well.

People pay what they are willing to pay for something. Regardless of the fact willy accounted for 10% of the 20% gox had as a measure of global volume plus we all remember China was leading right , I fail to see how that effects the price today. The only thing that gives bitcoin is value is what somebody is willing to pay for it. You may be willing to pay less based on a belief the last bubble was soley to do with one bot but someone also has to be willing to sell to you on that reason alone. The fact that many knew something like this was 1) likely to be happening and 2) if you were around for the last 4 ish months of Gox' life people were speculating that this was going on even coining the 'bot' willy at the time was happening, means in general its not that huge of a deal.

 Add into that its still only speculation, none of this can be proved. It could easily be high value customers who didn't have accounts so as to not leave millions sitting in an account to be hacked. Instead they wired money direct to gox and in return Mark had programmed a 'bot' to execute trades at certain times. Given Marks track record it stands to reason he may also 'accidently' co-ordinate that to oppurtune moments.

Further to that as well the database leak while containing customers info, some have stated they dont show all their trades for that period. Is it not possible that someone doctored the database wrote this story and waited for an oppurtune moment to release it. Far fetched but just as speculative as the report.

Well that's true...we had multiple dumps today that crashed price but it always went back up. *knock, knock*

Have we already seen the full extent of the effect of the Willy Bot news? If it gets more substantiated in some way, would we face more negative sentiment? How did the story affect holders who may have bought based on that perceived buying pressure in the last bubble?

Explanation

oh ya this shit is moving up boys

don't delay buy a bitcoin today.

Great point, because it would be impossible for one entity to control millions of machines, right?

http://en.wikipedia.org/wiki/BredoLab_botnet

 

There is no such thing. Aiming for ASIC resistance is silly.

Centralization is inevitable at this point.  That is one reason why I prefer an asic resistant coin where possible.