Just a guess:
If the big exchanges start btc Withdrawals again, we will spike back up.
If gox allows btc withdrawals again, I would not be surprised to see goxBTC go as high as 1k in that cage, people want out.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29785. (Read 26711605 times)
February 13, 2014, 01:46:48 AM
February 13, 2014, 01:39:39 AM
For those who don't know Risto has been predicting a significant fall tomorrow 14th Feb.
https://bitcointalksearch.org/topic/rpietila-wall-observer-the-quality-ta-thread-400235
(which on a purely emotional/intuitive level I tend to agree with)
https://bitcointalksearch.org/topic/rpietila-wall-observer-the-quality-ta-thread-400235
(which on a purely emotional/intuitive level I tend to agree with)
nerds ain't got no girls to splurge on ..oh shit the escort services. GG
February 13, 2014, 01:38:44 AM
The MtGox chart is really depressing. I miss the good old days when the forum was full of train and moon pictures. 1-2 months in BTC world is like an eternity.
February 13, 2014, 01:36:00 AM
For those who don't know Risto has been predicting a significant fall tomorrow 14th Feb.
https://bitcointalksearch.org/topic/rpietila-wall-observer-the-quality-ta-thread-400235
(which on a purely emotional/intuitive level I tend to agree with)
https://bitcointalksearch.org/topic/rpietila-wall-observer-the-quality-ta-thread-400235
(which on a purely emotional/intuitive level I tend to agree with)
February 13, 2014, 01:33:55 AM
I really think 1 BTC should be at 10 USD because I want to buy more 
.
The price went up because of speculation and the elite hodling...
If it goes back down, it will get more holders that are heavily invested. Because more people are heavily invested, it will have more support. Support is good for Bitcoin (It is the only thing that gives it value
)
Once it actually becomes mainstream it will go back up (after I have tons of it)
.The price went up because of speculation and the elite hodling...
If it goes back down, it will get more holders that are heavily invested. Because more people are heavily invested, it will have more support. Support is good for Bitcoin (It is the only thing that gives it value
)Once it actually becomes mainstream it will go back up (after I have tons of it)
February 13, 2014, 01:32:50 AM
Someone really do not want the price to drop below $500 at gox
I just don't feel like trading at all knowing the problem may take some time to be solved and solutions then implemented but I know they will be solved..so I'm just rather lazy to ship more fiat to the exchange and stagger buys lower in case someone else feels like shitting the bed with fear.
If Gox comes online relatively close or before other exchanges that have halted withdrawals it may survive this recent gauntlet of failure.
February 13, 2014, 01:31:31 AM
I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
I suppose that the case of MtGOX (and Bitstamp and BTC-e to a lesser extent) alerted many investors of the risk of leaving all of one's bitcoins stored at the exchange, and/or of using outdated versions of the wallet software. Many probably did not even have a private wallet (unless the exchange required one to open their account).
China has more investors than other countries, it seems, so it is expected that they would make more downloads.
Thanks Jorge, a fellow pragmatist.
BTW...I noticed earlier you said "while China sleeps"...from memory China spans at least 5 time zones - there's pretty much always someone awake
Of course, I'd speculate the major BTC investment is happening on the east coast eg Beijing, Shanghai, Wuhan, Shandong etc. whic would be GST +9.
I'm just saying because the trollbox had a great comment once: "According to the trollbox China is waking up all day".
February 13, 2014, 01:31:22 AM
Someone really do not want the price to drop below $500 at gox
And someone else won't let it get much over 510.
February 13, 2014, 01:29:23 AM
Predictions for Thursday Feb/13 at 19:00--19:59 UTC (not earlier, not later):
Huobi: 3970 plus or minus 30 CNY (3940 -- 4000)
Bitstamp: 650 plus or minus 10 USD (640 -- 660)
I used the Chinese Slumber Method described in my previous posts, extrapolating linearly from the two Slumber Points of Feb/10 and feb/12. (The feb/11 point seems to be unreliable as discussed before.)
For the Bitstamp prediction, I assumed a currency conversion factor of 6.12 -- which was valid at Slumber Times up to feb/06, and appears to be valid again since feb/10.
Huobi: 3970 plus or minus 30 CNY (3940 -- 4000)
Bitstamp: 650 plus or minus 10 USD (640 -- 660)
I used the Chinese Slumber Method described in my previous posts, extrapolating linearly from the two Slumber Points of Feb/10 and feb/12. (The feb/11 point seems to be unreliable as discussed before.)
For the Bitstamp prediction, I assumed a currency conversion factor of 6.12 -- which was valid at Slumber Times up to feb/06, and appears to be valid again since feb/10.
That's just great Jorge, now we're going die of boredom for the next 24 hours.
February 13, 2014, 01:28:16 AM
Someone really do not want the price to drop below $500 at gox
February 13, 2014, 01:22:43 AM
...snip...
This myopic view that just because China has more "volume" on their no fee exchanges, that the bitcoin investment world is somehow looking at them is immature.
This myopic view that just because China has more "volume" on their no fee exchanges, that the bitcoin investment world is somehow looking at them is immature.
Just to be argumentative...what does the exchange market have to do with the investment world?
February 13, 2014, 01:19:41 AM
I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
I suppose that the case of MtGOX (and Bitstamp and BTC-e to a lesser extent) alerted many investors of the risk of leaving all of one's bitcoins stored at the exchange, and/or of using outdated versions of the wallet software. Many probably did not even have a private wallet (unless the exchange required one to open their account).
China has more investors than other countries, it seems, so it is expected that they would make more downloads.
February 13, 2014, 01:17:46 AM
...China had 3/4 of the total volume.
Another indication that the Chinese are the market movers. Thanks, Jorge.
edit: When they are awake.
And, while they sleep, the rest of the world just sits there, wondering what will happen next.
What is this bullcrap? China has been following Gox and Stamp for the last two weeks.
This myopic view that just because China has more "volume" on their no fee exchanges, that the bitcoin investment world is somehow looking at them is immature.
No one is looking at China. This is simple math folks. If more money flows into exchanges, any exchange, than bitcoins flow in, then the price is bound to rise. If not, the price will fall.
If news hits one exchange - like Gox - it can bring down China. If news hits a Chinese exchange - it can bring down the others. But overall, its cash in, bitcoin out. Figure out that formula and you have a pretty damn good idea of where the market is headed intermediate term.
Thats why the bulls are bullish. There is an almost infinite amount of cash that could go in, and only a finite amount of bitcoin that can go in.
February 13, 2014, 01:17:25 AM
I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
You are reading way to much into it. More wallets means more interest, more involvement, more people interesting in having bitcoin. This is a good thing. Very basic.
I was just asking a question. I hadn't actually made my mind up one way or another. Your opinion is on the optimistic side of the scale, which is fine. And true to form
But it may be someone has translated HODL into Mandarin and folks are looking at storing coins off exchanges, which I would see as a natural move after this week's exchange dramas.
February 13, 2014, 01:16:33 AM
Jorge
BTC China's price charts look strange because the maker taker fee structure discourages buying at market and flattens volatility leading to walls at 0.01 yuan spreads.
BTC China's price charts look strange because the maker taker fee structure discourages buying at market and flattens volatility leading to walls at 0.01 yuan spreads.
February 13, 2014, 01:12:09 AM
...China had 3/4 of the total volume.
Another indication that the Chinese are the market movers. Thanks, Jorge.
edit: When they are awake.
And, while they sleep, the rest of the world just sits there, wondering what will happen next.
February 13, 2014, 01:11:43 AM
I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
You are reading way to much into it. More wallets means more interest, more involvement, more people interesting in having bitcoin. This is a good thing. Very basic.
+1
February 13, 2014, 01:11:22 AM
CasinoBitco.in (CBTC) on haveloack just took one hell of a hit
time is now!
buy buy buy
time is now!
buy buy buy
Piss off, I'm still waiting to make money on SFI you suggested
It looks like all Havelock IPO's should be avoided and shares bought in public sale. They all go down after IPO.
I'm not worried about SFI, its looking good. they posted an update on the 11th https://www.havelockinvestments.com/fund.php?symbol=SFI
i get a good feeling about it like the guys behind it are doing a fantastic job, pretty sure its undervalued. I'm HODLING
CBTC SFI HIF, my long term bets
what ever you do NOT buy B.MINE, SELL me your B.MINE
February 13, 2014, 01:11:13 AM
I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
You are reading way to much into it. More wallets means more interest, more involvement, more people interesting in having bitcoin. This is a good thing. Very basic.
agreed for the most part this is the continued growth of Chinese people's interest in Bitcoin. I had my wallet long before I ever bought a bitcoin, recovered it and the .10 of bitcoin that I had mined over a 4-5 days with a gtx 460 while I slept and was at school. I wish I had bought a dedicated gpu rig :S, as I wasn't even wise enough to fathom direct fiat investment till I re-evaluated mining earnings early this fall.
I think we'll see more people buying small bits of bitcoin instead of mining it now though, to get familiar with the intricacies and try out wallets.
February 13, 2014, 01:06:57 AM
I noted the post a few pages back with regard to BTC wallet downloads in China, whihc have seen a sharp increase recently.
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
Does this suggest the Chinese market is going to be moving more of their coins off exchanges in turn reducing trading volume on Huobi etc even further?
You are reading way to much into it. More wallets means more interest, more involvement, more people interesting in having bitcoin. This is a good thing. Very basic.
Jump to: