http://www.coindesk.com/indias-first-fully-open-bitcoin-exchange-launched/
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27747. (Read 26711388 times)
May 15, 2014, 06:37:33 AM
Some more bullish news for you then TERA
http://www.coindesk.com/indias-first-fully-open-bitcoin-exchange-launched/
http://www.coindesk.com/indias-first-fully-open-bitcoin-exchange-launched/
May 15, 2014, 06:36:31 AM
Well well well, it would seem that the effect of Chinese events and Chinese trade is in fact proportional to China's volume after all. There have actually been many pieces of bad Chinese news in the past weeks which have failed to result in new lows or sometimes even a reaction at all. Meanwhile the volume of chinese exchanges has dwindled to about 1/3 of what it used to be. I suppose, barring a complete shutdown of the Chinese exchanges, we will need to see some news on an entirely different subject to continue the downtrend.
That makes sense. Fake or not, Huobi's volume was by far the largest of all the exchanges and most traders/investors will look where the most volume is and make their decisions based on that. So now that their volume is down the Chinese influence on the price went down as well. If the PBOC wants to gain back control of the price they had better find a way to increase the volume on the Chinese exchanges again or they will soon be history.
Why do you think they give a f** about BTC price?
May 15, 2014, 06:31:12 AM
Well well well, it would seem that the effect of Chinese events and Chinese trade is in fact proportional to China's volume after all. There have actually been many pieces of bad Chinese news in the past weeks which have failed to result in new lows or sometimes even a reaction at all. Meanwhile the volume of chinese exchanges has dwindled to about 1/3 of what it used to be. I suppose, barring a complete shutdown of the Chinese exchanges, we will need to see some news on an entirely different subject to continue the downtrend.
That makes sense. Fake or not, Huobi's volume was by far the largest of all the exchanges and most traders/investors will look where the most volume is and make their decisions based on that. So now that their volume is down the Chinese influence on the price went down as well. If the PBOC wants to gain back control of the price they had better find a way to increase the volume on the Chinese exchanges again or they will soon be history.
May 15, 2014, 06:27:02 AM
Well well well, it would seem that the effect of Chinese events and Chinese trade is in fact proportional to China's volume after all. There have actually been many pieces of bad Chinese news in the past weeks which have failed to result in new lows or sometimes even a reaction at all. Meanwhile the volume of chinese exchanges has dwindled to about 1/3 of what it used to be. I suppose, barring a complete shutdown of the Chinese exchanges, we will need to see some news on an entirely different subject to continue the downtrend.
Is that a bullish comment? I'm not entirely sure. TERA's reversals are as subtles as market's reversals.
If you haven't noticed, I've kind of just been trolling around and making jokes. I'm not particularly bullish or bearish right now. I feel flat, like the market. The charts are confusing me. One one hand, the weekly chart and the long term chart looked like they were in a really bad position and that a huge correction was due back to some lower trendline, and there are all these unresolved things about millions of coins and about China. On the other hand, however, there is all of this massive growth and adoption, and really significant news events, all happening recently pushing it up and causing this not to happen. I tend to scoff at a rise over a news article but lately it's just been a barrage of dozens of news events. This may manifest into a long period of flatness as the bullish momentum slowly drills away at the downcrossed EMAs on the W1 chart. Then again there could be another downwards move if there are more negative events, however it's starting to seem like a risky bet. Of course it would probably happen right after I bought.
There may have been an inflection point when someone purchased 40,000btc offline...
May 15, 2014, 06:16:47 AM
Well well well, it would seem that the effect of Chinese events and Chinese trade is in fact proportional to China's volume after all. There have actually been many pieces of bad Chinese news in the past weeks which have failed to result in new lows or sometimes even a reaction at all. Meanwhile the volume of chinese exchanges has dwindled to about 1/3 of what it used to be. I suppose, barring a complete shutdown of the Chinese exchanges, we will need to see some news on an entirely different subject to continue the downtrend.
The 1/3 of the volume was to be a sure thing due to no more leverage, no ?
This is what certain people have been trying to say for weeks, once the market really moves absent Chinese overlord news, the coiled spring is likely to be released.
May 15, 2014, 06:13:29 AM
Well well well, it would seem that the effect of Chinese events and Chinese trade is in fact proportional to China's volume after all. There have actually been many pieces of bad Chinese news in the past weeks which have failed to result in new lows or sometimes even a reaction at all. Meanwhile the volume of chinese exchanges has dwindled to about 1/3 of what it used to be. I suppose, barring a complete shutdown of the Chinese exchanges, we will need to see some news on an entirely different subject to continue the downtrend.
Is that a bullish comment? I'm not entirely sure. TERA's reversals are as subtles as market's reversals.
May 15, 2014, 06:10:22 AM
Well well well, it would seem that the effect of Chinese events and Chinese trade is in fact proportional to China's volume after all. There have actually been many pieces of bad Chinese news in the past weeks which have failed to result in new lows or sometimes even a reaction at all. Meanwhile the volume of chinese exchanges has dwindled to about 1/3 of what it used to be. I suppose, barring a complete shutdown of the Chinese exchanges, we will need to see some news on an entirely different subject to continue the downtrend.
May 15, 2014, 06:07:17 AM
You guys fail at math.
He's saying that he has more bitcoin than 99.9% of the people in the world, in other words he has more bitcoin than 6 993 000 000 other persons, and probably more.
In fact the figures are even more in his favor as there's probably less than 7 000 000 bitcoin users, but for his initial statement to be true (he owns more bitcoin than 99.9% of the world population combined) only less than 7 000 000 need to own bitcoin.
And if he has at least 0.1 btc there are at most 500k people richer than him in btc terms
>Those numbers can make even the smaller BTC holder feel a bit better.
Suddenly, I feel better.
May 15, 2014, 06:05:39 AM
The bid sum has increased ~ $1.2mm in the last day or so.
May 15, 2014, 06:00:47 AM
May 15, 2014, 05:58:55 AM
Nice to see that the price is going up 
May 15, 2014, 05:40:20 AM
Aha indeed.
Will it work this time though?
Expecting Shroomskit in 3..2..1..
Will it work this time though?
Expecting Shroomskit in 3..2..1..
It is not going to work this time...
May 15, 2014, 05:39:12 AM
Aha indeed.
Will it work this time though?
Expecting Shroomskit in 3..2..1..
Will it work this time though?
Expecting Shroomskit in 3..2..1..
May 15, 2014, 05:37:37 AM
Close to log trendline on Huobi. New China FUD must be prepared as we speak
May 15, 2014, 05:36:09 AM
We are less than 10$ from breaking that long term logaritmic upper trendline
May 15, 2014, 05:34:02 AM
http://charts-bfxdata.rhcloud.com/bitfinexLiquidityPriceCombinedBTC.php
4000btc of shorts covered in the last day on bitfinex. That is literally all of the volume there. All of today's trading on finex was shorts covering, and finex interacts with stamp, so that could be most of the stamp volume too.
4000btc of shorts covered in the last day on bitfinex. That is literally all of the volume there. All of today's trading on finex was shorts covering, and finex interacts with stamp, so that could be most of the stamp volume too.
Actually your wrong about that.
See: https://bitcointalksearch.org/topic/m.6719122
That spike to 12k BTC shorts that your working from was due to someone trying to raise the interest rate. The real number of shorts closed is more like 1000BTC at best.
Its like what I was trying to say to windjc yesterday, BTC swaps != actual shorts.
May 15, 2014, 05:13:47 AM
http://charts-bfxdata.rhcloud.com/bitfinexLiquidityPriceCombinedBTC.php
4000btc of shorts covered in the last day on bitfinex. That is literally all of the volume there. All of today's trading on finex was shorts covering, and finex interacts with stamp, so that could be most of the stamp volume too.
4000btc of shorts covered in the last day on bitfinex. That is literally all of the volume there. All of today's trading on finex was shorts covering, and finex interacts with stamp, so that could be most of the stamp volume too.
May 15, 2014, 05:07:04 AM
This rocket can't go anywhere because there is no fiat to take it anywhere. But you guys can keep holding and watching this boring crap. Good luck with that.
Fiat is trickling, not flooding in. It's not a rocket, it's a Zimmer frame. But it might finally be heading in the right direction.
The question is can the fiat trickle cover the proportion of 4000+ BTC mined daily that are sold
4000+ ?! Easily!
May 15, 2014, 05:03:16 AM
This rocket can't go anywhere because there is no fiat to take it anywhere. But you guys can keep holding and watching this boring crap. Good luck with that.
Fiat is trickling, not flooding in. It's not a rocket, it's a Zimmer frame. But it might finally be heading in the right direction.
The question is can the fiat trickle cover the proportion of 4000+ BTC mined daily that are sold
May 15, 2014, 05:00:47 AM
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