Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28758. (Read 26619966 times)
March 22, 2014, 10:17:09 PM
dipstick keeps selling hidden at 563 when bitstamp is at 568
March 22, 2014, 10:16:35 PM
Some serious walls on bitfinex.
That is a fake wall at $600, imo. Pretty obvious.
Ya trader's using leverage to hold the price down.
March 22, 2014, 10:15:21 PM
Some serious walls on bitfinex.
That is a fake wall at $600, imo. Pretty obvious.
March 22, 2014, 10:13:59 PM
He nailed one thing for sure: the no volume part, which is concerning for bull at least. If the coins are really dat cheap, why no volume?
everyone watches the car crash until its over, then they go in to loot the survivors.
I just bought some at $560 - I think we are at the bottom, the charts flattening out and weekends are notorious for random moves on no volume.
take a step back - things are well aligned to start putting out positive spin again and knock this up by 20% in just a few day's work. For traders, that is a golden opportunity, considering its dragged down 25% or so in the last week of bad news. Most of the money in the markets is traders, rather than new buyers or sellers of old coin.
https://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
we have had very few bitcoin days destroyed in the last 2 weeks - this means that old wallets are still staying put and that the trading volume is mostly buying and selling the same coins around
I looked at your reference to the bitcoin days destroyed chart, and your description does NOT match with the representation s contained in that chart. We have been getting multiple spikes, and we had a spike between March 6 and March 18... and part of that may be explained by gox moving its old coins... ... but it otherwise looks like a fairly significant spike in days destroyed curing that period of time.
March 22, 2014, 10:13:57 PM
Some serious walls on bitfinex.
edit images not loading.
https://i.imgur.com/c4KLWhA.png
https://i.imgur.com/Fz5Z8BJ.png
March 22, 2014, 10:13:11 PM
700 coins bid on bfx at 556-561 range
We are breaking the daily red candle streak today. Its almost 100% guaranteed.
We are bouncing now. Not a bottom, but we are going to bounce.
Are you implying we are going further down after this bounce??
some tasty sub 500 coins perhaps?
Well, I think we follow the downtrend until we do not. And I have no idea when that will be. I think $535 has more support than $541, so I think we will go back down before a "bottom" is in.
I think we will probably get in the $400s at some point before coins get too cheap for buyers to resist. I think the high 400s around the 300 EMA is a pretty good bet. But its too early to tell any of this.
March 22, 2014, 10:08:29 PM
700 coins bid on bfx at 556-561 range
We are breaking the daily red candle streak today. Its almost 100% guaranteed.
We are bouncing now. Not a bottom, but we are going to bounce.
Are you implying we are going further down after this bounce??
some tasty sub 500 coins perhaps?
March 22, 2014, 10:06:42 PM
700 coins bid on bfx at 556-561 range
We are breaking the daily red candle streak today. Its almost 100% guaranteed.
We are bouncing now. Not a bottom, but we are going to bounce.
March 22, 2014, 10:05:58 PM
He nailed one thing for sure: the no volume part, which is concerning for bull at least. If the coins are really dat cheap, why no volume?
Oh its you again, welcome back
Had you not "cashed out" around $100 mark you would have made alot more.
I recall you sold lot b4 that as well.
I feel your pain, so go on with your bearish campaign.
Typical sour grapes
" I didnt plant the grapes and i cant afford them, they must have been sour"
Yes... this probably explains the trolling nature of Tarmi's posts... .. but anyhow the answer seems to be obvious about the volume going down... with increased difficulties for whale manipulators to squeeze very many more coins out of anyone... more or less they buying and selling from themselves.. and that is NOT convincing any real people to sell. .. a large majority of them have already sold.
March 22, 2014, 10:02:19 PM
March 22, 2014, 09:50:47 PM
4 HR MACD crossover into the green on stamp! 
March 22, 2014, 09:05:49 PM
a lot of us here know how great bitcoin is, and so we expect huge money in the shadows all the time.
I challenge this for two reasons;
- institutional money is timid to enter the exchnges. it is a lot of risk to hold millions of dollars on an unregulated exchange.
- not everyone thinks it's great! we are in good company, but never far from a bitcoin basher. we would be wise to expect corrections to natural fibonacci levels than guessing that the illuminati is ready in the wings to buy billions of dollars of bitcoin!
I challenge this for two reasons;
- institutional money is timid to enter the exchnges. it is a lot of risk to hold millions of dollars on an unregulated exchange.
- not everyone thinks it's great! we are in good company, but never far from a bitcoin basher. we would be wise to expect corrections to natural fibonacci levels than guessing that the illuminati is ready in the wings to buy billions of dollars of bitcoin!
Let me remind you that facebook bought whatsapp for 19 billion USD.
One of the differences with bitcoin is that it remains very difficult for any new investor to come into bitcoin and to acquire large holdings without causing the price to be upwardly affected. Certainly anything even approaching 1 billion in bitcoin would take time to acquire.
All the bitcoins is valued the same as Whatsap, it is 2 very different things though : whatsap can make facebook a lot of money and has a HUGE clients base
Fuck me, i blame it on those 350ug acid tabs, but i´m feelin bullish for BTC again.
I hope i won´t get burned for all that love about BTC(price).
Just bought 30 new coins.
If we go below 490$ i will never post again, promised.
I hope i won´t get burned for all that love about BTC(price).
Just bought 30 new coins.
If we go below 490$ i will never post again, promised.
better get your last posts in quick bud : -)
I am sure that there would be many more posters here, who would be willing to take a bet that we will NOT breach $490 within the next two weeks. Personally, I am ON THE FENCE about whether I would make such a bet. I am inclined to think that if we do breach $490, such a breach would be NO more than a few hours, and such breach would only come as a result of some major news or even some fake news that allows a certain level of panic and/or manipulation. I have considerable difficulties even with any belief that we would breach $510 in the next couple of weeks, without something dramatic occurring.
I don't know if we will brake the 510 or the 490 resistance but it doesn't seem that far away
March 22, 2014, 09:02:21 PM
March 22, 2014, 08:38:39 PM
Fuck me, i blame it on those 350ug acid tabs, but i´m feelin bullish for BTC again.
I hope i won´t get burned for all that love about BTC(price).
Just bought 30 new coins.
If we go below 490$ i will never post again, promised.
I hope i won´t get burned for all that love about BTC(price).
Just bought 30 new coins.
If we go below 490$ i will never post again, promised.
better get your last posts in quick bud : -)
I am sure that there would be many more posters here, who would be willing to take a bet that we will NOT breach $490 within the next two weeks. Personally, I am ON THE FENCE about whether I would make such a bet. I am inclined to think that if we do breach $490, such a breach would be NO more than a few hours, and such breach would only come as a result of some major news or even some fake news that allows a certain level of panic and/or manipulation. I have considerable difficulties even with any belief that we would breach $510 in the next couple of weeks, without something dramatic occurring.
March 22, 2014, 08:22:08 PM
700 coins bid on bfx at 556-561 range
March 22, 2014, 08:02:20 PM
March 22, 2014, 08:01:59 PM
to me, only question of time when 530 $ is breach.
then it will be panic time.
+1then it will be panic time.
and 3400 in china
That is a really vague statement... matter of time could be hours, days, weeks, months ... If such thing does NOT happen in the next couple of weeks, then likely it will NEVER happen... but I presume you are estimating that this supposed slow erosion of BTC price(s) is happening over the weekend or maybe by no later than next weekend?
March 22, 2014, 07:55:18 PM
a lot of us here know how great bitcoin is, and so we expect huge money in the shadows all the time.
I challenge this for two reasons;
- institutional money is timid to enter the exchnges. it is a lot of risk to hold millions of dollars on an unregulated exchange.
- not everyone thinks it's great! we are in good company, but never far from a bitcoin basher. we would be wise to expect corrections to natural fibonacci levels than guessing that the illuminati is ready in the wings to buy billions of dollars of bitcoin!
I challenge this for two reasons;
- institutional money is timid to enter the exchnges. it is a lot of risk to hold millions of dollars on an unregulated exchange.
- not everyone thinks it's great! we are in good company, but never far from a bitcoin basher. we would be wise to expect corrections to natural fibonacci levels than guessing that the illuminati is ready in the wings to buy billions of dollars of bitcoin!
Let me remind you that facebook bought whatsapp for 19 billion USD.
One of the differences with bitcoin is that it remains very difficult for any new investor to come into bitcoin and to acquire large holdings without causing the price to be upwardly affected. Certainly anything even approaching 1 billion in bitcoin would take time to acquire.
March 22, 2014, 07:47:11 PM
Might this be driving the market atm?:
http://www.bitcointrust.co/
Are the potential sellers who will want to lock in their 300% profit getting priced in?
Quote
*Redemption of shares will be allowed on a limited basis as of April 2014 with expectation of qualifying for public trading of the shares via the OTCQX® under the Alternative Reporting Standards.
http://www.bitcointrust.co/
Are the potential sellers who will want to lock in their 300% profit getting priced in?
who are the owners ? is this the Winklevoss twins Trust ?
No, this is the Secondmarket fund.
mmmm, their web page looks different from the last time I visited, and it seems that they lowered the minimum investment to $25K... I am really curious how will this work out for them and how will it effect the Eco-system, will be watching...
this fund´s performance curve is essentially the bitcoin price. so they put up a fund that is doing nothing else than buying in and dont let the people out.. poor millionaires, thy should have invested in gox instead
You don't have to deal with exchanges or storage, you will be able to sell your shares easily and your gains are taxable without having a headache
That being said i prefer having btc in cold storage like i prefer having gold in a safe than paper gold
March 22, 2014, 07:44:21 PM
The issue I see you describing is with a finite number of monetary units (divisibility being ineffective because it results in asymmetrical distribution of wealth) how can the units be equitably distributed so an economy can effectively distribute resources and maximize participation?
More precisely, the problem that the world will face by adopting THE Bitcoin as the global currency is that the system will start out with ALL the money in the hands of a few thousand people and the "bankers" (miners).
Even if those "bitcoin barons" are generous and spend half of their BTC hoards in exchange for trifles, just to get the bitcoin economy started, they will still hold half of the money supply in the world.
What are the chances of the world being OK with that?
What are the chances that the world will be OK with a small group of central bankers controlling the money supply? Look, if people find Bitcoin useful and saves them money, then they are likely to use it, the same way people shop at Walmart even though the Waltons are extremely wealthy, pay low wages and buy stuff from China.
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