Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28591. (Read 26712362 times)
April 02, 2014, 03:18:33 AM
nice, huobi is eating those sell walls like mad.
April 02, 2014, 03:08:31 AM
How do you calculate that Second Market is eating up HALF of the coins everyday.?
There is a thread that does just that, with the original post being updated daily:https://bitcointalksearch.org/topic/gbtc-bitcoin-investment-trust-observer-337486
By that page, they now own ~96,000 BTC, and bought ~23,000 since Jan/30
(~400 BTC/day on average).
seems it is them who is dumping. on the days SM in minus some large dumps occurs.
April 02, 2014, 03:05:13 AM
There she goes!
April 02, 2014, 03:00:00 AM
There is some decent bid support at the moment, I don't think this is fake as when people have been selling into these mini walls over the last 24 hours they have been refilled. I have some more orders in but even if we go south I can't see it being too much further.
April 02, 2014, 02:22:46 AM
wedge playing out to the up side.
April 02, 2014, 01:45:54 AM
Haven't we done news already?
Bitcoin in China is now like Schroedinger's cat: neither dead nor alive, until PBoC opens the box.
April 02, 2014, 01:35:06 AM
Reverse head & sholders! Going up...
April 02, 2014, 01:16:09 AM
pls stop dumping. 
dumping? I dont see any dumping.
china is leading. Its mid day there. now is the time where surprise confirmations of the official ban confirmation might come around and scare the satoshis out of the chinese. when this risk is gone, just like yesterday, we will see a risk on move. probable around 6 hours from now.
So in about 6 hours the market is going to move higher up?
Can I quote you on that?
I cant guarantee anything, but that is my view. I dont now what sequence of real events will unfold in china today.
If you wanna do things anally, fine. quote me. and I will invite you to quote me if I am right.
Have you covered any of your longs? Are you still convinced there is more profit to be made on this move up? What price will you sell at if this starts going south again?
Still have my full long. I will cover at 450 at no loss.
you ask me am I convinced, that is besides the point. It is my view that the market is vulnerable to a rapid rally to 560 and possibly 600s.
April 02, 2014, 01:15:27 AM
How do you calculate that Second Market is eating up HALF of the coins everyday.?
There is a thread that does just that, with the original post being updated daily:https://bitcointalksearch.org/topic/gbtc-bitcoin-investment-trust-observer-337486
By that page, they now own ~96,000 BTC, and bought ~23,000 since Jan/30
(~400 BTC/day on average).
April 02, 2014, 01:10:53 AM
pls stop dumping.
dumping? I dont see any dumping.
china is leading. Its mid day there. now is the time where surprise confirmations of the official ban confirmation might come around and scare the satoshis out of the chinese. when this risk is gone, just like yesterday, we will see a risk on move. probable around 6 hours from now.
So in about 6 hours the market is going to move higher up?
Can I quote you on that?
I cant guarantee anything, but that is my view. I dont now what sequence of real events will unfold in china today.
If you wanna do things anally, fine. quote me. and I will invite you to quote me if I am right.
Have you covered any of your longs? Are you still convinced there is more profit to be made on this move up? What price will you sell at if this starts going south again?
April 02, 2014, 01:10:07 AM
Haven't we done news already?
Bitcoin in China is now like Schroedinger's cat: neither dead nor alive, until PBoC opens the box. April 02, 2014, 01:07:49 AM
pls stop dumping.
dumping? I dont see any dumping.
china is leading. Its mid day there. now is the time where surprise confirmations of the official ban confirmation might come around and scare the satoshis out of the chinese. when this risk is gone, just like yesterday, we will see a risk on move. probable around 6 hours from now.
So in about 6 hours the market is going to move higher up?
Can I quote you on that?
I cant guarantee anything, but that is my view. I dont now what sequence of real events will unfold in china today.
If you wanna do things anally, fine. quote me. and I will invite you to quote me if I am right.
April 02, 2014, 01:02:15 AM
pls stop dumping.
dumping? I dont see any dumping.
china is leading. Its mid day there. now is the time where surprise confirmations of the official ban confirmation might come around and scare the satoshis out of the chinese. when this risk is gone, just like yesterday, we will see a risk on move. probable around 6 hours from now.
So in about 6 hours the market is going to move higher up?
Can I quote you on that?
April 02, 2014, 01:01:57 AM
April 02, 2014, 01:01:42 AM
April 02, 2014, 01:00:45 AM
pls stop dumping.
dumping? I dont see any dumping.
china is leading. Its mid day there. now is the time where surprise confirmations of the official ban confirmation might come around and scare the satoshis out of the chinese. when this risk is gone, just like yesterday, we will see a risk on move. probable around 6 hours from now.
April 02, 2014, 01:00:27 AM
pls stop dumping.
dumping? I dont see any dumping.
china is leading. Its mid day there. now is the time where surprise confirmations of the official ban confirmation might come around and scare the satoshis out of the chinese. when this risk is gone, just like yesterday, we will see a risk on move. probable around 6 hours from now.
April 02, 2014, 12:59:42 AM
Bitcoin is currently inflationary, so without a certain amount of new money coming in, the market goes down.
Miners can't sell now. They would lose money. Second Market alone eats up almost half the mined coins anyhow. Supply here is coming from weak hands at a loss, or from old hoards.How do you calculate that Second Market is eating up HALF of the coins everyday.? I think that is a stretch. SecondMarket had around 15million buys in March, at $600 that is about 25,000 coins. There are approximately 108,000 coins mined each month. At best, they bought a 1/4 of them last month. But they are also buying from old hands too, so who knows how many of the new coins they are buying.
Plus you are contradicting yourself - you said miners can't sell, but Second Market is buying from miners. What kind of a theory is that?
April 02, 2014, 12:56:03 AM
Whats the difference between 400 and 470? Granted, its 17.5%,
LOL, even for you Windy that's hilarious
How've you been matey? Long time no speak....how's South Califor-NI-A?
That sounded like an insult. I think my point is still valid. If the bid money really thinks $470 is cheap, why are they waiting for lower?
Cali is nice as always. Actually got some rain last night which was much needed.
Hey, I always try to slip one in
Seriously, 17.5% is a good return in the 'real world'....I think we have been seduced by previous high gains. The market is tightening...the days of 'easy' money have probably gone. The bid money clearly doesn't think $470 is cheap...only the bulls think that and as you say its a bearish market now.
Glad you got some rain...we had some big storms the last few nights...the last of the wet season probably...its always nice as the dry approaches.
I was actually just responding to EuroTrash's suggestion that some of that bid volume is fake. I don't know if that's true, but if its not, its a bunch of stupid traders. That many obvious bids certainly isn't going to help bring the market close to their bids, that's for sure.
April 02, 2014, 12:54:48 AM
Bitcoin is currently inflationary, so without a certain amount of new money coming in, the market goes down.
Miners can't sell now. They would lose money. Second Market alone eats up almost half the mined coins anyhow. Supply here is coming from weak hands at a loss, or from old hoards.Jump to: