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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28789. (Read 26642853 times)

hero member
Activity: 614
Merit: 500
It's taking awfully long to get some momentum going to the downside, is the bear on its last legs?
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
If I wasn't as much of a buy and holder as I am I would have sold on the news of gox having xxx,xxx coins left lol. People somehow associate this with a reason to dump...not to say there aren't good reasons for why you should sell.. just seems unhealthy to be so fearful.

The API did show those 200k BTC moving around a few weeks ago so it wasn't exactly breaking news that those 200k were under their control - but it is something to watch.

Consider this:

- MtGox creditors (customers) must be threated equally. This is an absolute requirement.
- The amount of fiat currency they have divided by fiat owed to their customers is X%
- The amount of BTC currency they have divided by BTC owed to their customers is Y%

This creates a problem. X not being equal to Y and the fact that X and Y creditors must be threated equal creates a problem. One solution would be to sell the 200k BTC and pay all creditors using fiat.

lol if a 200K wall pops up, i'm sorry but i'm gonna panic sell.. lol

I am long in both BTC and LTC, and haven't sold any BTC in a long long time.   If a 200k BTC sell wall comes up, I will definitely sell some and re-buy some though...

leveraged long?

you must be shitting bricks
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
If I wasn't as much of a buy and holder as I am I would have sold on the news of gox having xxx,xxx coins left lol. People somehow associate this with a reason to dump...not to say there aren't good reasons for why you should sell.. just seems unhealthy to be so fearful.

The API did show those 200k BTC moving around a few weeks ago so it wasn't exactly breaking news that those 200k were under their control - but it is something to watch.

Consider this:

- MtGox creditors (customers) must be threated equally. This is an absolute requirement.
- The amount of fiat currency they have divided by fiat owed to their customers is X%
- The amount of BTC currency they have divided by BTC owed to their customers is Y%

This creates a problem. X not being equal to Y and the fact that X and Y creditors must be threated equal creates a problem. One solution would be to sell the 200k BTC and pay all creditors using fiat.

lol if a 200K wall pops up, i'm sorry but i'm gonna panic sell.. lol

I am long in both BTC and LTC, and haven't sold any BTC in a long long time.   If a 200k BTC sell wall comes up, I will definitely sell some and re-buy some though...
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
580.CouldaWouldaShoulda
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
If I wasn't as much of a buy and holder as I am I would have sold on the news of gox having xxx,xxx coins left lol. People somehow associate this with a reason to dump...not to say there aren't good reasons for why you should sell.. just seems unhealthy to be so fearful.

The API did show those 200k BTC moving around a few weeks ago so it wasn't exactly breaking news that those 200k were under their control - but it is something to watch.

Consider this:

- MtGox creditors (customers) must be threated equally. This is an absolute requirement.
- The amount of fiat currency they have divided by fiat owed to their customers is X%
- The amount of BTC currency they have divided by BTC owed to their customers is Y%

This creates a problem. X not being equal to Y and the fact that X and Y creditors must be threated equal creates a problem. One solution would be to sell the 200k BTC and pay all creditors using fiat.

lol if a 200K wall pops up, i'm sorry but i'm gonna panic sell.. lol
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
I had to fill up my tank, and was caught in a naked long squeeze.

Is this a bad thing? It sounds good.

a long squeeze under these market conditions would be quite spectacular

and could be very painful if you dont know whats going on and sell during the squeeze...
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
this grinding down of the price is depressing....

but according to the chart above, it's a buying opportunity.
because cup and handle.
hero member
Activity: 560
Merit: 500
I had to fill up my tank, and was caught in a naked long squeeze.

Is this a bad thing? It sounds good.
hero member
Activity: 574
Merit: 500
I had to fill up my tank, and was caught in a naked long squeeze.


If I wasn't as much of a buy and holder as I am I would have sold on the news of gox having xxx,xxx coins left lol. People somehow associate this with a reason to dump...not to say there aren't good reasons for why you should sell.. just seems unhealthy to be so fearful.
legendary
Activity: 1512
Merit: 1005
I had to fill up my tank, and was caught in a naked long squeeze.
legendary
Activity: 1512
Merit: 1005
It Went Down, Down, Down
And The Flames Went Higher

And It Burns, Burns, Burns
The Ring Of Fire
The Ring Of Fire
sr. member
Activity: 337
Merit: 250
https://streamies.io/
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
hero member
Activity: 910
Merit: 1003
Quote
Classic scam - claim everything is gone, then make people relieved when you give them back a small percentage of what they lost.
http://www.reddit.com/r/Bitcoin/comments/20x0ww/mtgox_announces_they_actually_still_owned_200000/
newbie
Activity: 25
Merit: 0
hero member
Activity: 910
Merit: 1003
Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):

             !    Thu !    Fri !    Sat !   Sun !    Mon !    Tue !    Wed !    Thu !
  EXCHANGE   !  03/13 !  03/14 !  03/15 ! 03/16 !  03/17 !  03/18 !  03/19 !  03/20 ! Currencies considered

  Bitstamp   |   6.73 |   8.68 |   2.20 |  3.30 |   9.17 |  14.90 |   7.08 |  10.90 | USD
  BitFinEx   |   3.31 |   5.53 |   1.74 |  1.90 |   3.76 |   7.74 |   3.44 |   8.10 | USD
  BTC-e      |   7.43 |   3.76 |   2.55 |  2.62 |   3.90 |   7.91 |   5.48 |   7.85 | USD,EUR,RUR
  Kraken     |   0.40 |   0.48 |   0.34 |  0.15 |   0.48 |   0.85 |   0.57 |   0.74 | EUR
  CampBX     |   0.03 |   0.06 |   0.03 |  0.02 |   0.07 |   0.32 |   0.06 |   0.72 | USD
  CaVirtEx   |   0.13 |   0.11 |   0.06 |  0.06 |   0.10 |   0.10 |   0.13 |   0.40 | CAD
  Bitcoin.DE |   0.35 |   0.20 |   0.12 |  0.12 |   0.40 |   0.42 |   0.35 |   0.38 | EUR

  SUBTOTAL   |  18.38 |  18.82 |   7.04 |  8.17 |  17.88 |  32.24 |  17.11 |   0.00 |

  OKCoin     |  60.70 |  97.80 |  55.40 | 40.00 |  59.00 |  82.70 |  95.00 |  58.30 | CNY
  Huobi      |  65.40 |  78.40 |  36.50 | 27.00 |  63.80 |  84.10 |  62.40 |  48.10 | CNY
  BTC-China  |   2.89 |   2.97 |   1.13 |  1.51 |   2.74 |   3.70 |   3.79 |   2.85 | CNY
  Bter       |   0.26 |   0.19 |   0.35 |  0.28 |   0.34 |   0.27 |   0.35 |   0.36 | CNY

  SUBTOTAL   | 129.25 | 179.36 |  93.38 | 68.79 | 125.88 | 170.77 | 161.54 |   0.00 |

  TOTAL      | 147.63 | 198.18 | 100.42 | 76.96 | 143.76 | 203.01 | 178.65 |   0.00 |

All numbers were collected by hand from the site http://bitcoinwisdom.com. Beware of possible errors.

For each exchange, the numbers include only the trade volume to/from the currencies listed in the rightmost column. Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

Dates on the header line are UTC. Specifically, "01/15" means "from 01/15 00:00:00 UTC to 01/15 23:59:59 UTC". (Beware that the same period may span part of day 01/14 or part of day 01/16 in your local time zone.)

NOTE: There are at least five additional large exchanges in China that are not on this table because they are not covered by Bitcoinwisdom: FxBTC, ChBTC, BTCTrade, BTC100, and BTC38.  Together they may have as much volume as Huobi or OKCoin.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Lawyers for MtGox have announced that they've found 200,000 of the lost BTC!!!
Was it a heist, or just some lost private keys?

Link: http://headlines.yahoo.co.jp/hl?a=20140321-00000038-yom-sci

Haha, who knows? Gox is less transparent than the Obama administration. That should have been a red flag right there. That might have flown if the Gox management were Japanese but they were just located there. Karpeles is French which should have been another red flag Wink
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner

LOL!  The way you draw it makes it look a little scary, but as everyone knows...it only takes a little bit of good news to flip that graph upside down...
shhh i need cheaper coins.
legendary
Activity: 924
Merit: 1001
No, news doesn't drive this market sir...... that is true of most markets especially bitcoin.
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