Average bitcoin buyer & supporter (Sr.member):
https://bitcointalksearch.org/topic/message-to-hal-finney-559630
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28404. (Read 26608261 times)
April 06, 2014, 05:54:24 PM
April 06, 2014, 05:51:10 PM
Its been feeling kinda bottomish to me for the last days... I confess I bought more. We might go lower, but I cannot see bitcoin retesting $266 or lower at this stage.
It surely looks like the next couple of bubbles will be massive. Till now only a little minority of early adopters wrapped their heads around bitcoin and managed to buy some coins, but if it becomes easier for the masses to buy in the following mania phase will take the price to the stars and beyond.
It surely looks like the next couple of bubbles will be massive. Till now only a little minority of early adopters wrapped their heads around bitcoin and managed to buy some coins, but if it becomes easier for the masses to buy in the following mania phase will take the price to the stars and beyond.
April 06, 2014, 05:40:33 PM
therefore MtGox is dead
April 06, 2014, 05:35:00 PM
And this...
How about a little nostalgia?
Looks like he changed his mind since then.
I was tabbed out when we hit $500. Kinda bummed about that cuz I thought he would do something fun and I wanted to catch a screenshot of it on the 2y chart. God look at it! >25000% increase in two years!
Looks like he changed his mind since then.
I was tabbed out when we hit $500. Kinda bummed about that cuz I thought he would do something fun and I wanted to catch a screenshot of it on the 2y chart. God look at it! >25000% increase in two years!
April 06, 2014, 05:33:45 PM
I am learning quite a lot by looking at the posts leading up the huge rally last year in November.
Starting from here: https://bitcointalk.org/index.php?topic=178336.44000
Favorite quote is by epic bear Proudhon: "It'll be interesting to watch what happens now. In the past, it hasn't taken long for the ask depth to fill back in. Maybe people are taking their coins out of gox. Who knows. It's also going to be interesting to see if/how tomorrow's senate hearing influences the market."
Starting from here: https://bitcointalk.org/index.php?topic=178336.44000
Favorite quote is by epic bear Proudhon: "It'll be interesting to watch what happens now. In the past, it hasn't taken long for the ask depth to fill back in. Maybe people are taking their coins out of gox. Who knows. It's also going to be interesting to see if/how tomorrow's senate hearing influences the market."
April 06, 2014, 05:21:49 PM
shotring tagets for the next couple weeks: $560ish
bring it on bitcoin!
bring it on bitcoin!
April 06, 2014, 04:34:54 PM
Still bouncing.
April 06, 2014, 04:26:48 PM
Now is the holidays is in China.
Ohh yep.. I forgot about that.
scratch what i said about 25K / hour volumes when china wakes up on Huobi
April 06, 2014, 04:25:51 PM
I'm expecting a big rally after the game of thrones season premier.
April 06, 2014, 04:24:51 PM
people, it is about time to stop trusting huobi moves and book order, remember last time when someone dumped Litecoin all the way to 1 RMB ? this is what is called phantom orders; you can see them on the book order but once you initiate a market sell order you get fucked, it is just then when you find out that you were selling to a very thin bookoreder.
also note that all trades are exaggerated, many trades happen at once, I've never seen only one trade getting executed, it has to always few trades at once, even at the slowest days when there is no volume in other exchanges at all, Huobi somehow have the biggest volume.
and BTW, the 0% fee trick is just a cover, and it is not just Huobi, also OKcoin, FXBTC, the only Chinese exchange that I would trust is BTCChina, their volume seems realistic,
also note that all trades are exaggerated, many trades happen at once, I've never seen only one trade getting executed, it has to always few trades at once, even at the slowest days when there is no volume in other exchanges at all, Huobi somehow have the biggest volume.
and BTW, the 0% fee trick is just a cover, and it is not just Huobi, also OKcoin, FXBTC, the only Chinese exchange that I would trust is BTCChina, their volume seems realistic,
At first i thought that the big orders 300+BTC have been used for traditional pump and dump moves. But as you noted i have quite often noticed that when a sudden market order gets executed they do not get touched and magically dissapear. That´s way worse than the classical build a buy wall -> drive the price up(or the other way round).
April 06, 2014, 04:24:25 PM
Bobby Lee, BTC-China CEO, says that most of the Chinese volume is faked.
In November/December, before the PBoC decrees, he had 50-100 kBTC/day, almost the same daily volume in BTC that Huobi has now (and maybe more, if counted in USD or CNY). Was he faking it then?Bitstamp had about the same volume, forget about December/November.... because at that rally all exchanges had huge volume even the new small ones.
April 06, 2014, 04:21:17 PM
Bobby Lee, BTC-China CEO, says that most of the Chinese volume is faked.
In November/December, before the PBoC decrees, he had 50-100 kBTC/day, almost the same daily volume in BTC that Huobi has now (and maybe more, if counted in USD or CNY). Was he faking it then?Please stop making sense.
People in here already stated that Bobby Lee is one of the most creditable person in Bitcoinworld(now that Mark K. is temporarly not available)
April 06, 2014, 04:20:44 PM
people, it is about time to stop trusting huobi moves and book order, remember last time when someone dumped Litecoin all the way to 1 RMB ? this is what is called phantom orders; you can see them on the book order but once you initiate a market sell order you get fucked, it is just then when you find out that you were selling to a very thin bookoreder.
also note that all trades are exaggerated, many trades happen at once, I've never seen only one trade getting executed, it has to always few trades at once, even at the slowest days when there is no volume in other exchanges at all, Huobi somehow have the biggest volume.
and BTW, the 0% fee trick is just a cover, and it is not just Huobi, also OKcoin, FXBTC, the only Chinese exchange that I would trust is BTCChina, their volume seems realistic,
also note that all trades are exaggerated, many trades happen at once, I've never seen only one trade getting executed, it has to always few trades at once, even at the slowest days when there is no volume in other exchanges at all, Huobi somehow have the biggest volume.
and BTW, the 0% fee trick is just a cover, and it is not just Huobi, also OKcoin, FXBTC, the only Chinese exchange that I would trust is BTCChina, their volume seems realistic,
April 06, 2014, 04:20:07 PM
Now is the holidays is in China.
April 06, 2014, 04:18:06 PM
Bobby Lee, BTC-China CEO, says that most of the Chinese volume is faked.
In November/December, before the PBoC decrees, he had 50-100 kBTC/day, almost the same daily volume in BTC that Huobi has now (and maybe more, if counted in USD or CNY). Was he faking it then? April 06, 2014, 03:48:07 PM
Why would someone watch their coins slowly devalue?
Because they understand that the future expected value of their coins is higher than the present exchange value.
The implication that holders of coins have no drawdown tolerance seems counterfactual. If I had no drawdown tolerance, I would never buy any bitcoin in the first place. I would, therefore, have no bitcoins to sell.
Unlike the stock market, it is not possible to short bitcoin naked.
Im not saying there is not a chance to make it through. At the moment i'm betting we don't, when the Chinese wake up in a few hours, we'll know.
One thing I think will happen is the volume will be around 25k BTC in the hour between 1-2 am UTC.
April 06, 2014, 03:46:51 PM
The four small red candles in Huobi's 15m chart are the likely cause that made someone surrender 500+ coins on Stamp... Huobi seems to be able to lead even while sleeping.
April 06, 2014, 03:43:33 PM
Thanks for building up buy walls on BItstamp. It´s harvesting time now. Time to bring the dollars in.
April 06, 2014, 03:39:59 PM
Everyone is expecting a big move up or down. I think it's just as likely that we'll go largely sideways for a painful amount of time. That would be the worst possible scenario for me personally so of course i think it'll prolly happen.
market moving in direction of most pain? quite possible.
April 06, 2014, 03:36:24 PM
Everyone is expecting a big move up or down. I think it's just as likely that we'll go largely sideways for a painful amount of time. That would be the worst possible scenario for me personally so of course i think it'll prolly happen.
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