Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28867. (Read 26611013 times)

I think theres room for a little bearish movement still, take out the whale spike up to 700 a week or so ago and the charts would still be even further locked in the down trend. I do hope we go down a bit first, could do with some more cheap coins 

there is a different (and in my eyes more appropriate) way to construct the triangle
and under this view, it is bearish

2000BTC wall at $630 will it be pulled?

I had  the same dream in December, didn't happened

The market is not the economy.

If I resist paying taxes, the government intervenes with the threat of force. Threat of force is the very definition of coercion.

If people are really choosing to make rules to provide welfare, then they can skip the intermediate step and chose to provide welfare. Everything else is coercion.

Because that's exactly what I did! I bought as much as I could afford today... lol

Looks like China is firmly in the "then they fight you" phase... some turf wars are brewing. We might just get some new passengers on this train with all this advertising 

Why didn't you wake up and say, "fuck, I should have bought more bitcoin at $640...."       

"Obviously"..... yeah, right.. so obvious that you are speculating.  just making things up on some kind of logic in your head that sounds convincing to you and to the other libertarians who want the facts to be what you speculate them to be.






  There you go creating my position.  Having mandatory, is NOT the same as coercion.. b/c a large majority of the people do NOT need to be coerced to follow rules of their own making and a society of their own choosing and a community in which they chose to live... I would NOT call that coercion.  But you want to call it coercion in order that you can knock it down and to show all of its flaws.  Your thinking is very incomplete in these regards.  Maybe you need to get away from your imagination and meet people and talk to people and you will see that there are different viewpoints out there that need to be accounted... also, that is called listening.









YES... I agree that there are a lot of problems with various ways that tax money gets put to work to carry out dirty deeds.  Sometimes the dirty deeds are mixed in with what is arguably justifiable... and yes we do find out about tragedies being committed in our name ...   And, some of these may be solved by taking away funding or may be solved by better election procedures or may be solved by greater transparency... there is NOT only one solution to these kinds of negative application of the arm(s) of government.

*Patiently waiting for a Chinese Bail-in*

I had a dream last night... I was watching the Bitcoin price chart at $640 and then all of a sudden the price just started skyrocketing, it went to $1,200 and then $5,000 in minutes... Then I woke up and thought, "well that was a wishful dream."

Strange times indeed...

Total trade volume today (Thu Mar/13 00:00--23:59 UTC) on the exchanges that I monitor was ~148 kBTC.  That is very low, 27% less than yesterday's; but it is almost the same as the day before (Tue Mar/11), both in China and outside it.

Volume outside China fell 37% (from 29 to 18 kBTC).  BTC-e (7.43 kBTC) was almost unchanged and moved to first place. Bitstamp (6.73) fell 47% and became second, and Bitfinex (3.31) lost 55% and became a distant third.

Volume in China fell 25% (from 172 to 129 kBTC).  Huobi (65.4 kBTC) fell less than OkCoin (60.7) and regained the first place that it had until Mar/04.

China's slice of the total volume increased again  from 86% to 88%.

Explanation

Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):


             !    Thu !    Fri !    Sat !    Sun !    Mon !    Tue !    Wed !    Thu !                     
  EXCHANGE   !  03/06 !  03/07 !  03/08 !  03/09 !  03/10 !  03/11 !  03/12 !  03/13 ! Currencies considered

  BTC-e      |   5.69 |  13.54 |   8.71 |   6.52 |   7.16 |   5.09 |   7.96 |   7.43 | USD,EUR,RUR         
  Bitstamp   |  10.40 |  21.45 |   9.70 |   9.12 |  13.40 |   9.17 |  12.70 |   6.73 | USD                 
  BitFinEx   |   7.06 |  17.23 |  10.97 |   8.29 |  11.60 |   3.63 |   7.29 |   3.31 | USD                 
  Kraken     |   0.71 |   1.20 |   0.55 |   0.64 |   0.57 |   0.45 |   0.56 |   0.40 | EUR                 
  Bitcoin.DE |   0.34 |   0.38 |   0.31 |   0.20 |   0.39 |   0.41 |   0.37 |   0.35 | EUR                 
  CaVirtEx   |   0.22 |   0.24 |   0.12 |   0.15 |   0.13 |   0.18 |   0.13 |   0.13 | CAD                 
  CampBX     |   0.03 |   0.07 |   0.03 |   0.02 |   0.05 |   0.06 |   0.04 |   0.03 | USD                 

  SUBTOTAL   |  24.45 |  54.11 |  30.39 |  24.94 |  33.30 |  18.99 |  29.05 |  18.38 |                     

  Huobi      |  92.40 |  96.37 | 119.46 | 103.51 |  95.10 |  55.00 |  77.90 |  65.40 | CNY                 
  OKCoin     | 139.37 | 109.70 | 146.46 | 136.24 | 119.00 |  68.50 |  90.60 |  60.70 | CNY                 
  BTC-China  |   5.58 |   4.87 |   5.08 |   4.24 |   3.34 |   3.11 |   3.16 |   2.89 | CNY                 
  Bter       |   0.32 |   0.32 |   0.28 |   0.21 |   0.27 |   0.34 |   0.49 |   0.26 | CNY                 

  SUBTOTAL   | 237.67 | 211.26 | 271.28 | 244.20 | 217.71 | 126.95 | 172.15 | 129.25 |                     

  TOTAL      | 262.12 | 265.37 | 301.67 | 269.14 | 251.01 | 145.94 | 201.20 | 147.63 |                     


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 Bitcoinwisdom uses your local time, so the date may appear to be off by 1 day.  For example, if you are 2 hours west of Greenwich, it may show "01/14 22:00" when the UTC time is "01/15 00:00".)

People are not even talking about this on Chinese forums

very exciting

my prediction is we'll gonna follow april pattern and move up

it all makes sense imo

Chinese Slumber Method prediction for Friday Mar/14

Prediction valid for: Friday 2014-03-14, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 3918 CNY.
Bitstamp's predicted price: 645 USD.

Huobi

The red and green strokes are actual Huobi hourly prices.  The current prediction is the rightmost magenta square.  The blue square is the last prediction (see below), and the light blue-gray squares are the older ones.  The orange and grey dots are the Slumber Points, the mean Huobi prices at 19:00 UTC every day.  Each point is True (orange) if the hourly volume V_h for 19:00--19:59 UTC is less than 0.005 times the daily volume V_d 00:00--23:59 UTC; and is False (grey) otherwise. The grey lines are trends fitted a posteriori to the True Points. The orange line is the trend that was assumed for the above prediction.

Today (Mar/13) was a True Point (V_h/V_d = 124/65400 = 0.00190 < 0.005) and therefore valid.  Since this point is quite far from the previous trend,and the previous point (Mar/11) was False, there is no clear trend yet, and it would be wiser to refrain from making any prediction.  The one given above is a rather arbitrary guess, just a repeat of today's price.  (I suspect that it will be quite wrong since a mini-crash is in progress right now.  But, what the heck...)

Bitstamp

The red and green strokes are actual Bitstamp hourly prices.  The dots, lines, and magenta squares are Huobi's Slumber Points, trends, and new predictions, scaled by the currency conversion factor R (6.40 for Feb/07--09, 6.00 for Mar/04--10, and 6.12 for all other dates).

(The Huobi/Bitstamp price ratio seems to have returned to R = 6.12 since Mar/11.  This new value of R was used for the Bitstamp prediction for Fri Mar/14, but prior predictions were plotted as posted.)

Checking the previous prediction

Prediction was posted on: Wednesday 2014-03-12, 21:28 UTC
Prediction was valid for: Thursday 2014-03-13, 19:00--19:59 UTC

Huobi's predicted price: 3783 CNY
Huobi's actual price (L+H)/2: 3918 CNY
Error: 135 CNY (~22 USD)

Bitstamp's predicted price: 631 USD
Bitstamp's actual price (L+H)/2: 645 USD
Error: 14 USD

NOTE: No dinosaurs today, they cannot hold up to the competition.  Time to retreat and rethink the marketing strategy.

When my neighbors leave for work, their dog keeps barking at their back door, nonstop for the whole day.  The dog must be pretty sure that it is its barking that brings the owners home at night. 

we are at the end of another triangle it seems. the next day or so should be pretty interesting.

Obviously voluntary contributions are more efficient because people resist being forced to do stuff. They evade, avoid, run, hide, and fight back. Monopoly welfare providers also face no competitive pressure to be efficient.

If participation is inadequate, we have two options: I prefer persuasion and you chose coercion. The danger with coercion is that the coercive mechanisms remain in place and can be used for socially harmful as well as socially beneficial ends.  Taxes fund war, graft, secret police, etc.