Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28592. (Read 26712353 times)
April 02, 2014, 12:54:05 AM
I think the buy support is real. People were selling into 475 on Bitstamp and the buy orders at 475 continued to be refilled to above 400. People are buying at this price.
April 02, 2014, 12:43:18 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.
April 02, 2014, 12:43:00 AM
pls stop dumping. 
You make that request about once a day now.
Shall we all join hands and ask together?
That must be as effective as signing a petition asking Putin to renounce to Ukraine's annexion. Lol
April 02, 2014, 12:42:13 AM
Huobi's volume today, 08:00 to 12:00 local time, was only 1.23 kBTC. It has been usually 10 times as much in recent days (except on Sunday Mar/23 when they had the DDOS attack), sometimes 50x as much.
Evereybody is waiting for news?
Evereybody is waiting for news?
April 02, 2014, 12:35:42 AM
Feeling fear again.
The bid side looks enormous but I think it is fake as it always has been during the crash. (Coinbase/SecondMarket bots?)
The ask side looks thin and that is probably real. Whoever wanted to sell already did before.
If no new money comes in, prices naturally drop slowly because fees.
And market apathy doesn't do good to bitcoin. Makes hodlers go nervous.
The bid side looks enormous but I think it is fake as it always has been during the crash. (Coinbase/SecondMarket bots?)
The ask side looks thin and that is probably real. Whoever wanted to sell already did before.
If no new money comes in, prices naturally drop slowly because fees.
And market apathy doesn't do good to bitcoin. Makes hodlers go nervous.
I think this is the epitome of a bear market condition. Bitcoin is currently inflationary, so without a certain amount of new money coming in, the market goes down.
There are a lot of bids down to 400. But if they were so eager to buy, why are they not buying? Whats the difference between 400 and 470? Granted, its 17.5%, but still if they wanted the coins so bad, they are right there for the taking.
In my opinion, the longer we don't go up, the more likely we are to go down. Its already Wednesday in most places. We have about 36 hours to make an upwards move, in my opinion, or there are going to be some selling going on.
Of course, I guess we could just inch down like we did from 710 slowly and surely.
April 02, 2014, 12:12:58 AM
Feeling fear again.
The bid side looks enormous but I think it is fake as it always has been during the crash. (Coinbase/SecondMarket bots?)
The ask side looks thin and that is probably real. Whoever wanted to sell already did before.
If no new money comes in, prices naturally drop slowly because fees.
And market apathy doesn't do good to bitcoin. Makes hodlers go nervous.
The bid side looks enormous but I think it is fake as it always has been during the crash. (Coinbase/SecondMarket bots?)
The ask side looks thin and that is probably real. Whoever wanted to sell already did before.
If no new money comes in, prices naturally drop slowly because fees.
And market apathy doesn't do good to bitcoin. Makes hodlers go nervous.
April 02, 2014, 12:00:41 AM
April 01, 2014, 11:47:16 PM
pls stop dumping.
April 01, 2014, 11:00:40 PM
April 01, 2014, 10:28:58 PM
A Judge Has Ordered The CEO Of Bankrupt Bitcoin Exchange Mt. Gox To Appear In The US
http://www.businessinsider.com/r-judge-orders-mt-gox-ceo-to-us-for-questions-on-failed-bitcoin-exchange-2014-01
http://www.businessinsider.com/r-judge-orders-mt-gox-ceo-to-us-for-questions-on-failed-bitcoin-exchange-2014-01
Will the plane make it to the USA or will it be diverted to Gitmo, with Mark never to be seen again until the Polaroids of him being peed on by Gitmo guards surface?
Do you they have those orange jump suits in XXX-Large?
And, a four legged one for his cat?
April 01, 2014, 10:28:12 PM
A Judge Has Ordered The CEO Of Bankrupt Bitcoin Exchange Mt. Gox To Appear In The US
http://www.businessinsider.com/r-judge-orders-mt-gox-ceo-to-us-for-questions-on-failed-bitcoin-exchange-2014-01
http://www.businessinsider.com/r-judge-orders-mt-gox-ceo-to-us-for-questions-on-failed-bitcoin-exchange-2014-01
Will the plane make it to the USA or will it be diverted to Gitmo, with Mark never to be seen again until the Polaroids of him being peed on by Gitmo guards surface?
"Peed" sounds too Pg-13.
April 01, 2014, 10:25:59 PM
The best FUD always comes at the bottom
http://qz.com/193931/bitcoin-looks-like-the-worst-investment-in-the-world-this-year/
http://qz.com/193931/bitcoin-looks-like-the-worst-investment-in-the-world-this-year/
Indeed, I loled hard. That "redactor" is really epic ; can't even plead incompetence, he's really doing it on purpose... or maybe :
- he just took a random range : 3 months (yeah 3 is good),
- from hmm let's say since the ATH and oh surprise after an ATH we got a correction. Ok so it's "a crash", -38% value OMG worst investissement ever ! (So why not the title, really shinny)
- let's not check the 4 years before with around +10000%/year instead of -38%.
I guess some of the words in his Twitter description needs to be switched : "I write about finance, markets and economics for Quartz. Decent guitarist. Terrible banjo player." !
We could also measure BTC from late November 2013 to its present price, and achieve more than 60% loss in value.
Funny thing also, is currently, when I look up the November 2013 time-frame on bitcoincharts.com. Regarding Bitstamp, I find a BTC price high of about $1150; however, I bought my first BTC on 11/29 through Localbitcoins for $1200 per BTC. We already know that Localbitcoins can have a very wide range of prices, and frequently the sellers thereon are able to sell at much beyond the price in other venues. I recall that I did NOT buy from the highest vender or on the highest day. And I recall between November 29 and December 5 -ish seeing that there were advertisements on localbitcoins for nearly $1600 per BTC. I do NOT know whether many BTC were transacted at prices between $1200 and $1600, yet with all the hype at the time, I would imagine that there would have been quite a few BTCs transacted in that price range.
I do NOT mind flash crashes, but hovering and lingering in the $480 range for too long causes me to begin to believe that it is going to take a while for BTC prices to return to ATH... and maybe, just maybe we will NOT see another ATH this calendar year. A lot of us were banking on another BTC ATH this calendar year.. but maybe that new ATH will be put off until 2015? If I were a betting man, I would need to be given fairly decent odds before I would take the new ATH in 2014 bet.
in other words... currently, blood is beginning to seep into the streets... and if BTC prices were to go to the $300s and then linger in the $300s... that would increase perceptions of BTC doom and gloom... though ATM, I would place the odds of reaching $390 in the next month to be greater than the odds of reaching a new ATH before August 2014... that is my current thinking... but I am talking out of my ass somewhat b/c I am like a cave dweller in plato's allegory of the cave... with very much incomplete information and I realize that if some big ass investor (anything of 100 million or greater) were to come into BTC at any minute.. that new entrance into BTC could cause a real high demand for BTC and a rippling effect beyond any lines on any charts.. and suddenly considerable volume would materialize where, at the moment, LITTLE volume seems to be in sight.
Good thing you don't play real stocks or forex...because 6 months is a tiny blip on the radar in the real financial world.
I am NOT sure about your point in response to my post.
My post was intended to provide an assessment and description of the BTC situation from my perspective, experience and at this point in time... maybe you can perceive some naivette in my description of the situation, yet seems to me that I ventured out and put some time into making a description. No?
So what is your point, then in making your response? Is BTC NOT part of the real financial world? Sure it is a different animal in some ways, but likely there is some similarities as well.
Do you have some real financial world experience that you believe will provide insight to this situation? Then, please feel free to contribute and add perspective. My post is NOT about me, even though I was adding some of my experience and perspective..... but I wrote it out as part of an intended interactive process to whatever extent the information contained therein may or may NOT be valuable or helpful to some reader(s) of such information.
I look forward to hearing more from you... I think
April 01, 2014, 10:23:42 PM
4 red candles in a row, light volume, = 1800 coin dump in 4, 3, 2...
China say NO
April 01, 2014, 10:20:23 PM
4 red candles in a row, light volume, = 1800 coin dump in 4, 3, 2...
China say NO
April 01, 2014, 10:17:00 PM
4 red candles in a row, light volume, = 1800 coin dump in 4, 3, 2...
Sure about that?
April 01, 2014, 10:13:02 PM
4 red candles in a row, light volume, = 1800 coin dump in 4, 3, 2...
April 01, 2014, 10:07:58 PM
April 01, 2014, 10:06:36 PM
WHERE IS THE VOLUME?
April 01, 2014, 10:00:41 PM
April 01, 2014, 09:35:32 PM
This looks like a small bit of new news:
https://news.powerapple.com/finance_and_tech/2014/4/2/1561923.html
Google translate:
At least it seems to provide an explanation for the delay, in case the bank blockade part of the rumor is true: it is complicated for banks to implement.
EDIT: This was found by Googling "04月02日" "比特币" ("April 02" "Bitcoin")
https://news.powerapple.com/finance_and_tech/2014/4/2/1561923.html
Quote
接近监管机构的人士指出，第三方对平台是整体接入的，关起来很容易。银行那边必须得清查各个平台和公司的相互往来，耗时更长。这次的执行主体是央行31家省级分行，谁辖区内的平台谁清理，各省的执行速度因各省的平台多少而异，所以执行有快有慢，但也将于4月15日前完成。
某交易平台人士表示，银行转账功能很难禁止，因为平台可以以个人或另外注册的公司名义转账。但这样只会让账目地上转地下，更加难以监管，同时投资者的资金安全更加难以得到保障。
“289号文已经承认，比特币是一种特定的虚拟商品，那么买卖合法商品理应得到银行服务。”某交易平台人士认为。
某交易平台人士表示，银行转账功能很难禁止，因为平台可以以个人或另外注册的公司名义转账。但这样只会让账目地上转地下，更加难以监管，同时投资者的资金安全更加难以得到保障。
“289号文已经承认，比特币是一种特定的虚拟商品，那么买卖合法商品理应得到银行服务。”某交易平台人士认为。
Google translate:
Quote
People close to the regulator pointed out that third-party access to the platform as a whole, shut up very easily. Banks there have to check with each other between the various platforms and companies, take longer. The executive body is the central bank 31 provincial branches, who are within the jurisdiction of the platform who clean up, speed of execution because of the number of provinces platform provinces varies, so the implementation of fast or slow, but it will be completed by April 15.
A platform party transactions, said bank transfer function is difficult to ban, because the platform can be an individual or another company registered transfers. But this will only make the accounts on the ground to underground, more difficult to monitor, while financial security is more difficult to get investors' protection .
" Man has admitted 289 , Bitcoin is a specific virtual goods , then traded commodities deserve legitimate banking services ." Considered a party transaction platform .
A platform party transactions, said bank transfer function is difficult to ban, because the platform can be an individual or another company registered transfers. But this will only make the accounts on the ground to underground, more difficult to monitor, while financial security is more difficult to get investors' protection .
" Man has admitted 289 , Bitcoin is a specific virtual goods , then traded commodities deserve legitimate banking services ." Considered a party transaction platform .
At least it seems to provide an explanation for the delay, in case the bank blockade part of the rumor is true: it is complicated for banks to implement.
EDIT: This was found by Googling "04月02日" "比特币" ("April 02" "Bitcoin")
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