Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29043. (Read 26611052 times)

Anyone remember the whale that dumped 10k BTC on stamp just before the GOX crash?
Could what we've seen today be some other insider trading in anticipation of good news??

So, is there a consensus about what caused todays sudden price increase (~100 USD on Bitstamp, ~90 USD on BTC-e, ~500 CNY on Huobi)?

The large buys at Bitstamp pushed the price up, the "sheep" followed, and they did not return to the previous levels just because they had no reason to?

question is, what are they inside? the protocol itself? with bitcoin it feels more like outsider trading. i.e someone bringing something new to the table who is the first to know about it.

edit: obviously, not including all the gox crap. there has been insider info, the negative kind up until now, but I feel this is decreasing rapidly.

Why not? I've had enough of this toe-dipping.

You guys realize we went from $400 to $700 in a week, right? At that rate, we'll be over $6000 in month.

Extrapolation, bitchez!

I think the whale waits for the bid sum to increase before attempting another pennant.

Just a little more patience before the next leg up. 1, 2 or maybe 3 hours?

Todays wall was very good @ bitcurex.pl

BTC +14%! Very good indeed!

Just go look at the 1 day candle so sexiiiiiiiiiii

I think we all know by now that these people speak in code. The endgame here is NWO and one global currency, none of which is paper.
Edit: Tinfoil hat removed

ok now i'm convinced. buy buy buy

bitcoin loves to gravitate to 666....we need it to gravitate to 777, or better yet 7777

That is good advice but is it much better to own the stocks that that paper is pouring into and will eventually fall over?

I think its fair to say a good chunk of fiat was spent today off of stamps order book. 16.9 mill even with the price increase.

Jorge did you buy a bitcoin?


... buy a bitcoin Jorge

Time to continue the rally, whales where are you? 

Amen and good night .....don´t forget to sell the break - out !

Chinese Slumber Method prediction for Tuesday Mar/04

Since today (Mon Feb/03) was a False Slumber Point, to play by the rules I cannot use it for the preditction.  So I will use the same straight trend line used yesterday, determined by the last four True points (Feb/27--28, Mar/01--02), namely p(d) = 3521.20 - 30.30*(d - 27), where {d} is the day number since Feb/01 (which is 32 for Mar/04). Thus

Prediction valid for: Tuesday 2014-03-04, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 3370 CNY.
Bitstamp's predicted price: 551 USD.

The prediction is the blue rectangle almost outside the right margin in the chart below.  The orange and grey dots are the True and False Slumber Points, and the orange line is the new trendline.


NOTE: Extrapolating this trend, I predict that on February 01, 2015 anyone found in possession of bitcoins will be fined at the rate of 1097 USD per BTC owned.

Checking the Chinese Slumber Method predictions for Mar/03

It seems that the Baron pulled too hard on his bootstraps today :

Prediction posted on: Monday 2014-03-03, 02:35 UTC
Prediction was valid for: Monday 2014-03-03, 19:00--19:59 UTC

Huobi's predicted price: 3400 CNY
Huobi's actual price (L+H)/2: 3825 CNY
Error: 425 CNY (~69 USD)

Bitstamp's predicted price: 556 USD
Bitstamp's actual price (L+H)/2: 671 USD
Error: 115 USD

It must be said however that the trade volume V_h in the official Slumber hour (19:00--19:59 UTC) was 12.6 kBTC, whereas the total volume V_d for the day is unlikely to exceed 400 kBTC. Therefore, the prediction is not supposed to apply anyway becuse this was a False Slumber Point.

The Huobi prediction in question is the rightmost blue rectangle on the chart below.  The light blue-gray rectangles are the previous predictions.  The orange and grey dots are the True and False Slumber Points, the mean Huobi prices at 19:00 UTC every day.  The orange line is the trend that was assumed for the prediction.


The following chart shows the Bitstamp prices and predictions. The orange and grey dots are Huobi's prices at 19:00 UTC every day, divided by R = 6.12.  The orange line is the trend used in the prediction, which is Huobi's trend divided by R (6.40 for Feb/07--09, 6.12 for all other times).


The ratio of Huobi's price to Bitstamp's price was about 5.7, much lower than the usual R = 6.12.

What an incredible day!