Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27552.

YogoH

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Quote from: rezurect on May 27, 2014, 01:17:19 PM

http://webcache.googleusercontent.com/search?q=cache:oc0Mtte8l6MJ:willyreport.wordpress.com/+&cd=1&hl=en&ct=clnk&gl=in

Fuck, just saw the willy report, we should have crashed and burned?
This makes the previous bubble irrelevant. Historical data from September fake. All those trend-lines and analysis is based on fake trades and volume. Why the hell isn't anybody saying a thing??

Because willy's volume was 15 % of an exchange that was barely 10 % of the overall volume over all the exchanges.

Remember it was China that led us up, not Mtgox.

medialab101

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Quote from: rezurect on May 27, 2014, 01:17:19 PM

http://webcache.googleusercontent.com/search?q=cache:oc0Mtte8l6MJ:willyreport.wordpress.com/+&cd=1&hl=en&ct=clnk&gl=in

Fuck, just saw the willy report, we should have crashed and burned?
This makes the previous bubble irrelevant. Historical data from September fake. All those trend-lines and analysis is based on fake trades and volume. Why the hell isn't anybody saying a thing??

Everyone knew about it at the time. It was factored into the price months ago.

bitfair

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Activity: 362

Merit: 250

Quote from: rezurect on May 27, 2014, 01:17:19 PM

http://webcache.googleusercontent.com/search?q=cache:oc0Mtte8l6MJ:willyreport.wordpress.com/+&cd=1&hl=en&ct=clnk&gl=in

Fuck, just saw the willy report, we should have crashed and burned?
This makes the previous bubble irrelevant. Historical data from September fake. All those trend-lines and analysis is based on fake trades and volume. Why the hell isn't anybody saying a thing??

Everyone is too busy making puns...

JayJuanGee

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

Quote from: JorgeStolfi on May 26, 2014, 08:27:35 AM

Quote from: rpietila on May 26, 2014, 07:27:46 AM

The reason that BTC is so cheap and progresses so slowly is that people are only exponentially "getting it".

Well, from December to April, especially from February, the Chinese were exponentially "un-getting it"; and that was swamping any growth outside China. (They may have started "getting it" again now, we'll see...)

You don't really know that. For all any of us know, the Chinese, as a collective, may hold more coins now than they did before February.

Gingermod

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Quote from: rezurect on May 27, 2014, 01:17:19 PM

http://webcache.googleusercontent.com/search?q=cache:oc0Mtte8l6MJ:willyreport.wordpress.com/+&cd=1&hl=en&ct=clnk&gl=in

Fuck, just saw the willy report, we should have crashed and burned?
This makes the previous bubble irrelevant. Historical data from September fake. All those trend-lines and analysis is based on fake trades and volume. Why the hell isn't anybody saying a thing??

Because that report and your conclusions are bullshit.

rezurect

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Activity: 686

Merit: 250

http://webcache.googleusercontent.com/search?q=cache:oc0Mtte8l6MJ:willyreport.wordpress.com/+&cd=1&hl=en&ct=clnk&gl=in

Fuck, just saw the willy report, we should have crashed and burned?
This makes the previous bubble irrelevant. Historical data from September fake. All those trend-lines and analysis is based on fake trades and volume. Why the hell isn't anybody saying a thing??

hd060053

hero member

Activity: 601

Merit: 503

Quote from: JimboToronto on May 27, 2014, 01:07:24 PM

Quote from: hd060053 on May 27, 2014, 12:53:32 PM

wow this guy really wants lots of BTC. he doesn't stop market buying.

Quote from: gizmoh on May 27, 2014, 12:53:37 PM

One person/entity is accumulating through a bot via stamp

What makes you think it's the same person?

During the long period of stagnation in the 400s, I though it might have been one person who seemed to dump 400 coins every time the price started to creep up. I figured it might be someone with stolen coins trying to convert to fiat without dropping the price too quickly.

This isn't like last summer when every major jump up was followed by a bid wall to hold the new price.

it was like one person activating the bot to market buy until his $$ are 0. It was a stupid move because there was no support by the china exchanges.

JimboToronto

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You're never too old to think young.

Quote from: hd060053 on May 27, 2014, 12:53:32 PM

wow this guy really wants lots of BTC. he doesn't stop market buying.

Quote from: gizmoh on May 27, 2014, 12:53:37 PM

One person/entity is accumulating through a bot via stamp

What makes you think it's the same person?

During the long period of stagnation in the 400s, I though it might have been one person who seemed to dump 400 coins every time the price started to creep up. I figured it might be someone with stolen coins trying to convert to fiat without dropping the price too quickly.

This isn't like last summer when every major jump up was followed by a bid wall to hold the new price.

blatchcorn

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This chart speaks for itself

Hunyadi

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☑ ♟ ☐ ♚

Quote from: JorgeStolfi on May 27, 2014, 12:58:24 PM

You may be glad to know that the Willy Report page has just been taken down by Wordpress for "violation of the terms of service". Does that explain the price recovery? Wink

OMG...you are trolling sir.

ShroomsKit

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Go 600 go! Stop being afraid of it. Embrace it! Hug it! It loves you!

rezurect

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Merit: 250

Quote from: molecular on May 27, 2014, 12:46:44 PM

Having observed many rallies in bitcoin (and none anywhere outside of cryptos), this one feels like it's happening in slow-motion?

A correction like we just had today and recovery from it used to happen both earlier and faster the way I recall the past rallies.

Is it just me? What could be possible explanations? Higher liquidity? lower amount of traders? Better distributed holdings?

(I'm not saying I don't like the relatively slow pace)

Trading Maturity?? Steadier hands??

aminorex

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Sine secretum non libertas

Magic monkey is saying its time for a retracement pullback real soon now. He's unimpressed by the little dip. It's not good enough for him.

BldSwtTrs

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Activity: 861

Merit: 1010

Quote from: molecular on May 27, 2014, 12:46:44 PM

Having observed many rallies in bitcoin (and none anywhere outside of cryptos), this one feels like it's happening in slow-motion?

A correction like we just had today and recovery from it used to happen both earlier and faster the way I recall the past rallies.

Is it just me? What could be possible explanations? Higher liquidity? lower amount of traders? Better distributed holdings?

(I'm not saying I don't like the relatively slow pace)

I think it's you, imho. Relatively to the last bubble, we are near end september 2013. And as far as I remember the pace was the same. But it's just an impression, looking at the actual data may confirm/deny it.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

thezerg

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Quote from: JorgeStolfi on May 27, 2014, 12:35:08 PM

Quote from: Syke on May 27, 2014, 11:02:47 AM

Quote from: JorgeStolfi on May 27, 2014, 10:03:45 AM

It is a much more lucrative and "safe" vehicle for scams than the classical ones -- stolen credit cards, counterfeit cash, phony viagra, nigerian heirlooms, penny stocks, ponzi funds, ...

Wrong. Do you even have any idea how profitable just credit card fraud is? The credit card fraud in a single year alone absolutely dwarfs the entire bitcoin ecosystem.

That is utter bullshit, please stop repeating it.

I had the numbers somewhere that I cannot find now, but from memory: commercial payments through credit cards amount to over 7 trillion dollars a year, so 11 billion dollars of fraud is 0.2% of the total. In comparison, Bitpay claims that it processed 100 million dollars of payment last year; even if you multiply by 4 to account for other bitcoin e-commerce outside Bitpay, that is still less than the MtGOX heist alone. Even if you leave MtGOX out (since, technically, it may have been "embezzlement" rather than fraud), the KNOWN scams and heists in 2013 add to several million dollars at least. So, KNOWN bitcoin fraud must already be at least 10x worse, in percentage of total e-commerce, than credit card fraud.

The problem is that he either willfully ignores the poster's specific content or unconsciously allows his bias to view certain posts as a launching pad for his FUD.

In this case the prior poster did NOT say that CC fraud as a % of total CC payments is > BTC fraud as a % of total BTC transactions, which is what Jorge refuted. He simply said that the total CC fraud amount (11 billion using Jorge's #s) is > BTC ecosystem, which by Jorge's own estimate is 400 million. So they are in fact in violent agreement :-).

Gingermod

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Quote from: JorgeStolfi on May 27, 2014, 12:58:24 PM

You may be glad to know that the Willy Report page has just been taken down by Wordpress for "violation of the terms of service". Does that explain the price recovery? Wink

No one actually cared about that

JorgeStolfi

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You may be glad to know that the Willy Report page has just been taken down by Wordpress for "violation of the terms of service". Does that explain the price recovery? Wink

oda.krell

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Quote from: medialab101 on May 27, 2014, 12:49:01 PM

$600 in sight

Agreed. $600 within reach (<12h).

Then: rally time to 650, maybe higher, touching 700?

Then then: falling back below 640, and eventually re-testing 530.

So say we all? So say we all! :D

gizmoh

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One person/entity is accumulating through a bot via stamp..how deep is his pockets? Roll Eyes

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