Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28484.

JorgeStolfi

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Quote from: nrd525 on April 04, 2014, 02:28:01 PM

I like the convergence in price between Bitstamp, BTC-E, Bitfinex, and Huobi.
Good job arbitragers!
I wonder if this means anything?

In my understanding, it means that China is sleeping so the arbitragers caught up with it.

billyjoeallen

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Hide your women

Cross to the downside on the 1 hr moving average chart. All the purchases are driving prices nowhere. They are preventing a plummet. Turning bearish gave me the ability to act while being all-in only allowed me to sell. I am starting to revise my estimate of a $400 wall breach upwards from 40% to 45%. There appears to be much denial about how serious the situation is. any one of 100 people could increase their coin holdings by dumping 10K coins now and buying them back at $266-$310.

nrd525

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I like the convergence in price between Bitstamp, BTC-E, Bitfinex, and Huobi.

Good job arbitragers!

I wonder if this means anything?

JayJuanGee

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Merit: 11416

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

Quote from: adamstgBit on April 04, 2014, 01:11:29 PM

can we get a bear to dump?

fonzie tell us again about this china thing.

Inviting the scholarly input of trolls with open arms? Huh

? hilarious... though this is your thread... so whatever.. you think is good for the thread Cheesy

My issue with Fonzie is his about 71.6378% bullshit rate but he has about a 2.4385% rate of being really hilarious, as well. So go figure.

by the way Adam, I like the new poll. INteresesting... would be more interesting if posters had to put a few satoshis on their bet.
second.. also humorous that you took out the sell, buy and hodl options.... but that would possibly only cause posters to dodge the poll question....

elg

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Quote from: adamstgBit on April 04, 2014, 02:00:29 PM

new poll

new format

more serious

Hodl!

Ivanhoe

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Merit: 1000

Quote from: mmitech on April 04, 2014, 01:35:11 PM

Adam you have a power that you are not using wisely, the poll over there if used correctly with some good questions could be really helpful with understanding many things about Bitcoin speculators, people pay real money to use that data, but there you go posting hodl and buy buy buy and sell sell.....

try to use it wisely, if not for your self than for others...

I don't think you can have a serious poll on this board full with trolls.

adamstgBit

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Trusted Bitcoiner

new poll

new format

more serious

soullyG

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Decentralize everything

Quote from: mmitech on April 04, 2014, 01:35:11 PM

Adam you have a power that you are not using wisely, the poll over there if used correctly with some good questions could be really helpful with understanding many things about Bitcoin speculators, people pay real money to use that data, but there you go posting hodl and buy buy buy and sell sell.....

try to use it wisely, if not for your self than for others...

With great power comes great responsibility..

JorgeStolfi

hero member

Activity: 910

Merit: 1003

The BTC-China open letter http://www.coindesk.com/btc-china-dismisses-pboc-fears-open-letter/ is not as reassuring as the title of Coindesk's article makes it to be. They do NOT seem to believe that the bank closure rumor is false, on the contrary the overal tone of the letter is rather gloomy for the sort tem. It even calls the November rally a "speculative bubble"...

That may explain why the price has not made much of a recovery after the letter came out (now ~2750 at Huobi, compared to ~3500 just before the Caixin leak).

On the other hand, if the price had continued to follow its "natural" down trend (that it followed most of the time from Mar/15 to Mar/30), it would be now ~2450 CNY. Ditto if we consider the exponential decay from Jan/29 to Mar/01.

So the BTC-China letter may indeed have had a positive effect, lifting the price by ~300 CNY (~50 USD).

dani

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..yeah

Quote from: mmitech on April 04, 2014, 01:35:11 PM

Adam you have a power that you are not using wisely, the poll over there if used correctly with some good questions could be really helpful with understanding many things about Bitcoin speculators, people pay real money to use that data, but there you go posting hodl and buy buy buy and sell sell.....

try to use it wisely, if not for your self than for others...

+1

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Adam you have a power that you are not using wisely, the poll over there if used correctly with some good questions could be really helpful with understanding many things about Bitcoin speculators, people pay real money to use that data, but there you go posting hodl and buy buy buy and sell sell.....

try to use it wisely, if not for your self than for others...

podyx

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BULL VS. BEAR

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

see why I am starting to hate the whole scene, please Bitcoin do it already.... drop or rise so we can have some peace...

magicmexican

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stop quoting the butthurt troll

p0peji

sr. member

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Merit: 250

Quote from: fonzie on April 04, 2014, 12:52:25 PM

Talkin about "priced in". MtGox believers bought coins on bitcoinbuilder and sent money until the last minute(their website went down).
The price didn´t really crash until they announced bankruptcy altough it was obvious to anyone with two brain-cells what is going to happen.
The same sentiment is present right now, a lot of people believe that PBOC will suddenly change their attitude, and out of the dark fairy whales appear and buy the price up to 1000(000)$, just because China might eventually not get banned 100%.
I don´t believe that the common chinese trader is smarter than the western ones, and so most of them will trade(and even sent fresh money) until the last minute till they realize that it´s suddenly too late to get money or coins out.
Bitcoiners are often in denial, we will know the true china-free price when they have completly shutdown their service.
Price is again (probably) artificially being upheld by your favorite whales. I assume that a lot of people that are truly in the know are
cashing out as much as possible without crashing the price too much. The 400$ support has been built to vreate an atmosphere of safety for the traders(pigs). "Cause hey, 400$ it must be the bottom we bounced of that 3 times before, so let´s buy all those cheap coins
it´s basically free money"

Free lunches are everywhere, especially in bitcoinland.

adamstgBit

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