Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29378.

Todorius

full member

Activity: 196

Merit: 100

Quote from: ?? on ??

Quote from: TERA on February 23, 2014, 07:30:47 AM

Quote from: schizoid on February 23, 2014, 07:27:00 AM

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

read it and agree with most of it. Bitcoins not finished, but people paying + $600, are just clinging on to their dream in my opinion..

I might come back when BTC is back around $100. feel very sorry for those that brought and held at + $900

regulation issues
legal issues
technical issues
community trust issues

where would serious new investment come from under these conditions?

Hahaha, the very same thing was said about the people that bought back in April 2013 at 266$. And they could realise some nice profit a few months later.
Yeah do that, wait until bitcoin hits 100$ again, which never will be the case, and watch bitcoin climb to 2000$, 3000$, one day to 10000$, and maybe then
you'll realize that you'd be waiting forever to get your cheap coins.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: RicePicker on February 23, 2014, 08:43:16 AM

Quote from: windjc on February 23, 2014, 08:25:39 AM

Quote from: dreamspark on February 23, 2014, 08:12:00 AM

It would be interesting to know what price we would be at if the majority of the fiat on the exchanges all bought it. I reckon there's enough to take us straight past the ATH. Think about all the shorts that still need to be closed as well.

Gox re-enabling withdrawals
All the fiat waiting on the sidelines
All the open shorts to be squeezed

If all these things happen I think alot of people will miss the train.

Obviously I dont doubt that we can and probably will go down a bit first but in the near future its gonna be choo choo time.

Well. Lets take Bitfinex for example. Now I have two points of data with them. First, I've been tracking their lending fiat amounts which have climbed from 1 million to over 16 million at one point a week or so ago. I believe these are mostly post December deposits because I sent them an email asking how much was being deposited into their exchange and Raphael emailed me back and said on a busy day, over $1 million. Now, Bitfinex represents less than 10% of trading volume. So we can make some very general assumptions that tens of millions have continued to flow into exchanges in 2014 while a great deal of people have sold looking to buy lower.

So I believe there is enough right now to take well past the all time highs.

The exchanges only represent less than 5% of the bitcoin available. How much resistant will there be if the price even manages to go over 1k again? None of the bitcoin exchanges are completely reliable and compared to the sentiment of November a lot of people would agree with me that holding any large sum of bitcoin or USD in and exchange is a gamble. You can say there is enough fiat on the exchanges to bring the price to $1500, I can also say there is enough bitcoins to bring the price down to $100.

Yes. But this was in response to someone asking where the money possibly come from to go to $900 again. I explained it. There is more than enough there.

There's enough coins to take us to a penny, but historically speaking people have proven to mainly hold. Dispersement has been slow a d steady from the beginning. So unless you are yet once again going to argue with the 5 year trend, my point remains.

RicePicker

full member

Activity: 216

Merit: 100

RicePicker

Quote from: windjc on February 23, 2014, 08:25:39 AM

Quote from: dreamspark on February 23, 2014, 08:12:00 AM

It would be interesting to know what price we would be at if the majority of the fiat on the exchanges all bought it. I reckon there's enough to take us straight past the ATH. Think about all the shorts that still need to be closed as well.

Gox re-enabling withdrawals
All the fiat waiting on the sidelines
All the open shorts to be squeezed

If all these things happen I think alot of people will miss the train.

Obviously I dont doubt that we can and probably will go down a bit first but in the near future its gonna be choo choo time.

Well. Lets take Bitfinex for example. Now I have two points of data with them. First, I've been tracking their lending fiat amounts which have climbed from 1 million to over 16 million at one point a week or so ago. I believe these are mostly post December deposits because I sent them an email asking how much was being deposited into their exchange and Raphael emailed me back and said on a busy day, over $1 million. Now, Bitfinex represents less than 10% of trading volume. So we can make some very general assumptions that tens of millions have continued to flow into exchanges in 2014 while a great deal of people have sold looking to buy lower.

So I believe there is enough right now to take well past the all time highs.

The exchanges only represent less than 5% of the bitcoin available. How much resistant will there be if the price even manages to go over 1k again? None of the bitcoin exchanges are completely reliable and compared to the sentiment of November a lot of people would agree with me that holding any large sum of bitcoin or USD in and exchange is a gamble. You can say there is enough fiat on the exchanges to bring the price to $1500, I can also say there is enough bitcoins to bring the price down to $100.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: dreamspark on February 23, 2014, 08:12:00 AM

It would be interesting to know what price we would be at if the majority of the fiat on the exchanges all bought it. I reckon there's enough to take us straight past the ATH. Think about all the shorts that still need to be closed as well.

Gox re-enabling withdrawals
All the fiat waiting on the sidelines
All the open shorts to be squeezed

If all these things happen I think alot of people will miss the train.

Obviously I dont doubt that we can and probably will go down a bit first but in the near future its gonna be choo choo time.

Well. Lets take Bitfinex for example. Now I have two points of data with them. First, I've been tracking their lending fiat amounts which have climbed from 1 million to over 16 million at one point a week or so ago. I believe these are mostly post December deposits because I sent them an email asking how much was being deposited into their exchange and Raphael emailed me back and said on a busy day, over $1 million. Now, Bitfinex represents less than 10% of trading volume. So we can make some very general assumptions that tens of millions have continued to flow into exchanges in 2014 while a great deal of people have sold looking to buy lower.

So I believe there is enough right now to take well past the all time highs.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Good morning there, I didn't sleep till 04:00 Europe time (GMT+1). and just woke up, watching Bitstamp now,so the price went up to 646 !!...how do we translate this?

something worth mentioning is that the MACD is still negative: the 12 period AMA is above the 26 period AMA, there will be a cross over in few hours and the price may drop.

only now it seems that a reversal is possible, the next drop will decide if we continue going down , or if there will be a rally up, of course the Gox situation will complicate things a little bit..

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: jonoiv on February 23, 2014, 08:08:52 AM

Quote from: windjc on February 23, 2014, 08:01:46 AM

Quote from: ?? on ??

Quote from: TERA on February 23, 2014, 07:30:47 AM

Quote from: schizoid on February 23, 2014, 07:27:00 AM

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

read it and agree with most of it. Bitcoins not finished, but people paying + $600, are just clinging on to their dream in my opinion..

I might come back when BTC is back around $100. feel very sorry for those that brought and held at + $900

regulation issues
legal issues
technical issues
community trust issues

where would serious new investment come from under these conditions?

Lol. There's enough fiat sitting in exchanges today to take the price to >$1500.

Really. Some of you simply astound me.

then why haven't they brought coins yet?

I have some $ there too, and I'm not buying because, well, how can I sleep knowing I am holding BTC at the moment...

Sleep is overrated. All yer gonna do is dream of skittles-pooping unicorns and risk-free profit anyway.

Mythul

sr. member

Activity: 644

Merit: 250

It was a really nice rally this weekend. I guess weekend "dumps" are a thing of the past right now.

TERA

hero member

Activity: 728

Merit: 500

Ancient fucking bots.

schizoid

member

Activity: 73

Merit: 10

Quote from: Rampion on February 23, 2014, 07:53:51 AM

I really cannot understand those who sold near double digits.

They might have bought at single digits and left their coins on gox.

dreamspark

hero member

Activity: 798

Merit: 1000

It would be interesting to know what price we would be at if the majority of the fiat on the exchanges all bought it. I reckon there's enough to take us straight past the ATH. Think about all the shorts that still need to be closed as well.

Gox re-enabling withdrawals
All the fiat waiting on the sidelines
All the open shorts to be squeezed

If all these things happen I think alot of people will miss the train.

Obviously I dont doubt that we can and probably will go down a bit first but in the near future its gonna be choo choo time.

jonoiv

hero member

Activity: 966

Merit: 526

🐺Dogs for President🐺

Quote from: windjc on February 23, 2014, 08:01:46 AM

Quote from: ?? on ??

Quote from: TERA on February 23, 2014, 07:30:47 AM

Quote from: schizoid on February 23, 2014, 07:27:00 AM

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

read it and agree with most of it. Bitcoins not finished, but people paying + $600, are just clinging on to their dream in my opinion..

I might come back when BTC is back around $100. feel very sorry for those that brought and held at + $900

regulation issues
legal issues
technical issues
community trust issues

where would serious new investment come from under these conditions?

Lol. There's enough fiat sitting in exchanges today to take the price to >$1500.

Really. Some of you simply astound me.

then why haven't they brought coins yet?

I have some $ there too, and I'm not buying because, well, how can I sleep knowing I am holding BTC at the moment...

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: ?? on ??

Quote from: TERA on February 23, 2014, 07:30:47 AM

Quote from: schizoid on February 23, 2014, 07:27:00 AM

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

read it and agree with most of it. Bitcoins not finished, but people paying + $600, are just clinging on to their dream in my opinion..

I might come back when BTC is back around $100. feel very sorry for those that brought and held at + $900

regulation issues
legal issues
technical issues
community trust issues

where would serious new investment come from under these conditions?

Lol. There's enough fiat sitting in exchanges today to take the price to >$1500.

Really. Some of you simply astound me.

FTWbitcoinFTW

sr. member

Activity: 476

Merit: 250

Quote from: windjc on February 23, 2014, 07:38:41 AM

Quote from: TERA on February 23, 2014, 07:30:47 AM

Quote from: schizoid on February 23, 2014, 07:27:00 AM

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

I saw that list. But I thought it was titled "20 reasons to not profit long on a severely oversold market."

This

Yololintian

sr. member

Activity: 293

Merit: 250

You all seem to forget that its very likely 90% of the coins were sold by one person.

TERA

hero member

Activity: 728

Merit: 500

I didn't understand either. I thought it was mark doing some kind of manipulation to wipe out everyone who attempted to trade.

Rampion

legendary

Activity: 1148

Merit: 1018

Gox is making a huge amount of fees during the manic trading that has been going on since the BTC withdrawal issue.

Especially in BTC. Karpeles is smiling.

Pigs are being slaughtered very hard this time. GoxBTC at $100ish was a HUGE deal. I really cannot understand those who sold near double digits.

schizoid

member

Activity: 73

Merit: 10

Ok, I found the thread, and I stopped reading at #7, after kicking myself for not stopping at #1.

TERA

hero member

Activity: 728

Merit: 500

I just don't think that gox is the center of the unvirse here. It has been well known for almost a year now that gox has major issues, is illiquid, should be ignored, and that bitstamp represents the actual flow of liquidity in and out of the market.

schizoid

member

Activity: 73

Merit: 10

I must be too drunk because I can't find TERA's thread. But I thought the nongox news this month was pretty bullish.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: TERA on February 23, 2014, 07:30:47 AM

Quote from: schizoid on February 23, 2014, 07:27:00 AM

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

I saw that list. But I thought it was titled "20 reasons to not profit long on a severely oversold market."

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