Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29444. (Read 26382433 times)
January 21, 2014, 11:02:29 AM
January 21, 2014, 11:01:29 AM
is today the day
January 21, 2014, 10:26:41 AM
On the other hand, the 1-minute charts at MtGOX and now even BTC-e seem rather peculiar.
can you articulate the peculiarity which you perceive?
January 21, 2014, 10:23:53 AM
I cant figure out why BTCChian went from the biggest exchange in the world to one with very low volume, because of the whole china situation Huobi became the biggest exchange, for what reason ?
From what I have read here, BTC-China decided to play it safe, and stopped accepting cash deposits. They now use vouchers that one can buy at e-commerce sites -- a system which is very cumbersome at least.Huobi and OKCoin still accept cash deposits through commercial bank accounts. I have read here that the owners are related to powerful politicians; if true, that may explain why they have chosen to run this risk. I have seen no reports of problems with withdrawals, but presumaby they must be in CNY only.
Some traders/bots are generating the volume by buying/selling to themselves. No fees, no loss from that. I'm sure that this can be utilized for making money, and I'm even more sure that if you can make money from it, someone is doing it already.
Why people keep saying that of the Chinese exchanges, but not of the others? There seems to be no evidence for that claim other than their huge volume -- which is quite expected. Sure, there is a lot of robot trade, and zero fees encourage it; but robot trade is not necessarily fake.
On the other hand, the 1-minute charts at MtGOX and now even BTC-e seem rather peculiar.
Exchanges that are small and/or shrinking have obvious interest in padding their volume numbers with fake trades; and being unregulated have no reason to avoid the practice. Note that an exchange that has transaction fees for ordinary clients may forfeit them for special friends -- such as themselves.
January 21, 2014, 10:16:04 AM
Bears, just throw the towel and thank me later 
January 21, 2014, 10:02:30 AM
January 21, 2014, 09:54:52 AM
Now that actually made me crack a grin.
T minus 24 hours and counting.
T minus 24 hours and counting.
January 21, 2014, 09:41:00 AM
According to my Seventh Level Trend Analysis™
the price of Bitcoin has now hit a Chandrasekhar-Schwartzschild-Walsoraj inversion discontinuity.
From now on it should start oscillating again, with ever increasing swings --- but with reversed polarity. Price will crash upwards whenever the market gets bullish on bad news, and rally downwards when it gets bearish on good news.
Traders are advised to adjust their basic strategy accordingly: from now on, it's "buy high, sell low".
the price of Bitcoin has now hit a Chandrasekhar-Schwartzschild-Walsoraj inversion discontinuity.
From now on it should start oscillating again, with ever increasing swings --- but with reversed polarity. Price will crash upwards whenever the market gets bullish on bad news, and rally downwards when it gets bearish on good news.
Traders are advised to adjust their basic strategy accordingly: from now on, it's "buy high, sell low".
January 21, 2014, 09:28:55 AM
the spread between mtgox vs bitstamp is getting larger, more mtgox withdraw problem?
Nothing new on Gox withdrawals, but more players cashing out on Bitstamp.
January 21, 2014, 09:26:53 AM
the spread between mtgox vs bitstamp is getting larger, more mtgox withdraw problem?
January 21, 2014, 09:02:18 AM
January 21, 2014, 08:50:29 AM
I really cant buy that Huobi have such large volume, so beside the 0% fee how people do deposits and withdrawals ? I cant figure out why BTCChian went from the biggest exchange in the world to one with very low volume, because of the whole china situation Huobi became the biggest exchange, for what reason ?
any one of you here have any confirmed information about this ?
any one of you here have any confirmed information about this ?
Some traders/bots are generating the volume by buying/selling to themselves. No fees, no loss from that. I'm sure that this can be utilized for making money, and I'm even more sure that if you can make money from it, someone is doing it already.
January 21, 2014, 08:50:15 AM
*blurb*
January 21, 2014, 08:48:58 AM
Now 500 BTC wall @821 has been attacked on BitStamp. Will see if it will be eaten or raised.
It is going to be eaten
January 21, 2014, 08:41:21 AM
Who is bored? C'mon bitcoin, do something...
Choo choo motherfucker, choo choo already! 
January 21, 2014, 08:41:00 AM
I really cant buy that Huobi have such large volume, so beside the 0% fee how people do deposits and withdrawals ? I cant figure out why BTCChian went from the biggest exchange in the world to one with very low volume, because of the whole china situation Huobi became the biggest exchange, for what reason ?
any one of you here have any confirmed information about this ?
any one of you here have any confirmed information about this ?
January 21, 2014, 08:40:13 AM
Who is bored? C'mon bitcoin, do something...
January 21, 2014, 08:18:33 AM
Now 500 BTC wall @821 has been attacked on BitStamp. Will see if it will be eaten or raised.
January 21, 2014, 08:17:26 AM
http://m.us.wsj.com/articles/BL-DGB-32150
All bullshit. No good news is good news. No reflection in price, cashing out, thx bye.
All bullshit. No good news is good news. No reflection in price, cashing out, thx bye.
January 21, 2014, 08:14:54 AM
So is that bot on mtgox going to buy us all the way up to $10,000, 20btc at a time?
It should take about 10 days
Jump to: