Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30346.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: niothor on January 13, 2014, 02:34:20 AM

Quote from: mmitech on January 13, 2014, 02:29:28 AM

Quote from: RicePicker on January 13, 2014, 02:22:02 AM

Quote from: mmitech on January 13, 2014, 02:19:33 AM

Quote from: MAbtc on January 13, 2014, 02:07:49 AM

Quote from: mmitech on January 13, 2014, 02:01:53 AM

good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction..... Cheesy

They're just, like, opinions, man.

opinions and wishes are not the same Wink

I wish the price to be $5000 in a week or so but in my opinion it wont go that high in a week Wink

They are just stating a fact that the volume was low. The volume was extremely low during the initial run up being under 10k in most of the exchanges. Right now most of the exchanges are above 10k and it is still the weekend. Last time there was a run up the volume was low on a weekday. You do not have to be so butt hurt about it.

wrong, wrong, wrong.... it is already Monday here in EU and I am already at work, Bitstamp had +10K most of the time and the day when the price went up the volume was more than 40K Wink

and why would I be butt hurt ? I would really love to see the price moving and I don't care which direction, both works for me up or down Wink

This was funny

.
You started the week at work with bitcointalk open?

yes, Bitcoin addiction, and I am an IT engineer so I am on my computer most of the time, so why not check Bitcointalk while working Wink

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: mmitech on January 13, 2014, 02:29:28 AM

Quote from: RicePicker on January 13, 2014, 02:22:02 AM

Quote from: mmitech on January 13, 2014, 02:19:33 AM

Quote from: MAbtc on January 13, 2014, 02:07:49 AM

Quote from: mmitech on January 13, 2014, 02:01:53 AM

good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction..... Cheesy

They're just, like, opinions, man.

opinions and wishes are not the same Wink

I wish the price to be $5000 in a week or so but in my opinion it wont go that high in a week Wink

They are just stating a fact that the volume was low. The volume was extremely low during the initial run up being under 10k in most of the exchanges. Right now most of the exchanges are above 10k and it is still the weekend. Last time there was a run up the volume was low on a weekday. You do not have to be so butt hurt about it.

wrong, wrong, wrong.... it is already Monday here in EU and I am already at work, Bitstamp had +10K most of the time and the day when the price went up the volume was more than 40K Wink

and why would I be butt hurt ? I would really love to see the price moving and I don't care which direction, both works for me up or down Wink

This was funny

.
You started the week at work with bitcointalk open?

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: RicePicker on January 13, 2014, 02:22:02 AM

Quote from: mmitech on January 13, 2014, 02:19:33 AM

Quote from: MAbtc on January 13, 2014, 02:07:49 AM

Quote from: mmitech on January 13, 2014, 02:01:53 AM

good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction..... Cheesy

They're just, like, opinions, man.

opinions and wishes are not the same Wink

I wish the price to be $5000 in a week or so but in my opinion it wont go that high in a week Wink

They are just stating a fact that the volume was low. The volume was extremely low during the initial run up being under 10k in most of the exchanges. Right now most of the exchanges are above 10k and it is still the weekend. Last time there was a run up the volume was low on a weekday. You do not have to be so butt hurt about it.

wrong, wrong, wrong.... it is already Monday here in EU and I am already at work, Bitstamp had +10K most of the time and the day when the price went up the volume was more than 40K Wink

and why would I be butt hurt ? I would really love to see the price moving and I don't care which direction, both works for me up or down Wink

RicePicker

full member

Activity: 216

Merit: 100

RicePicker

Quote from: mmitech on January 13, 2014, 02:19:33 AM

Quote from: MAbtc on January 13, 2014, 02:07:49 AM

Quote from: mmitech on January 13, 2014, 02:01:53 AM

good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction..... Cheesy

They're just, like, opinions, man.

opinions and wishes are not the same Wink

I wish the price to be $5000 in a week or so but in my opinion it wont go that high in a week Wink

They are just stating a fact that the volume was low. The volume was extremely low during the initial run up being under 10k in most of the exchanges. Right now most of the exchanges are above 10k and it is still the weekend. Last time there was a run up the volume was low on a weekday. You do not have to be so butt hurt about it.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: MAbtc on January 13, 2014, 02:07:49 AM

Quote from: mmitech on January 13, 2014, 02:01:53 AM

good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction..... Cheesy

They're just, like, opinions, man.

opinions and wishes are not the same Wink

I wish the price to be $5000 in a week or so but in my opinion it wont go that high in a week Wink

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: mmitech on January 13, 2014, 02:01:53 AM

good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction..... Cheesy

They're just, like, opinions, man.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: mmitech on January 13, 2014, 02:01:53 AM

good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction..... Cheesy

think we finish the day around 950 gox, if the news FUD I linked early gets run with and or proven relevant

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction..... Cheesy

TERA

hero member

Activity: 728

Merit: 500

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: JorgeStolfi on January 12, 2014, 09:24:12 PM

Quote from: aminorex on January 12, 2014, 08:37:35 PM

velocity of money (number of times each unit turns over on average during the period in question)

Doesn't this equation assume that all payments are made by exchanging the actual currency (banknotes in the case of dollars, blockchain transaction for BTC)?

How does one define V when most dollar payments are made by moving numbers from one bank ledger to another? Wouldn't the same issue arise with BTC?

(Sorry for the stupid question, but when BTC are traded at an exchange, is each transaction immediately realized on the blockchain, or are transactions tracked in internal accounts, to be combined and realized at a later time?)

Quote from: aminorex on January 12, 2014, 08:37:35 PM

V can be read from the blockchain.

Er, sorry again, what is V now for bitcoins? How is it expected to change as PQ increases?

No exchanges use the blockchain for internal transactions. In common-book interexchange transactions, movements are aggregated as well.

The blockchain is a ledger. Whether dollars are currency or not is irrelevant to GDP. FRNs are functionally ledger entry tokens.

Last I checked V was 5.98, which is similar to the historical norm for USD, although USD is currently well below mean, meandering about 4.

My own expectation is that V will remain in the normal zone, but reserve demand will mean that the circulating fraction is small, and turns over relatively more rapidly. I know of no better predictor of future velocity in BTC than the present velocity. One or the other or both M, V will increase with increasing PQ. Given the reserve demand it is hard to understand how V can increase, since an increasing proportion of M has V=0.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: JorgeStolfi on January 13, 2014, 01:20:50 AM

Quote from: Davyd05 on January 13, 2014, 12:50:21 AM

you mean more fud? cool thanks for the repeat of old stuff

You are welcome. I thought bitcoiners would want to know what the press says, whether they agree with it or not.

For example I believe that the mini(?)crash that is happening now is due to the Chinese TV program, that must have reached - and scared - many people in China. Arbitrage would explain why the other non-Chinese exchanges are falling too.

One point that struck me in the second article is the comparison of Bitcoin to bearer bonds. They too were once an anonymous international "currency" outside the reach of governments and banks. For that reason (it says) banks have been forbidden to deal with them.

just saying the first of them is old news, as in it has been posted here.. and reddit.
I try to post both ways, wether it is good or bad also I call it FUD unless it has multiple more robust sources not just 3 micro bloggers or twitter post...

well..I guess you could say the downtrend that begun after the huobi personal bank closure started the trend and the TV program in China over extended it.

MAbtc

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JorgeStolfi

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Quote from: Davyd05 on January 13, 2014, 12:50:21 AM

you mean more fud? cool thanks for the repeat of old stuff

You are welcome. I thought bitcoiners would want to know what the press says, whether they agree with it or not.

For example I believe that the mini(?)crash that is happening now is due to the Chinese TV program, that must have reached - and scared - many people in China. Arbitrage would explain why the other non-Chinese exchanges are falling too.

One point that struck me in the second article is the comparison of Bitcoin to bearer bonds. They too were once an anonymous international "currency" outside the reach of governments and banks. For that reason (it says) banks have been forbidden to deal with them.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: RicePicker on January 13, 2014, 12:59:18 AM

Quote from: ShroomsKit on January 13, 2014, 12:57:46 AM

I really don't mind the market going up or down. I don't trade. But this drop and this selling is just stupid. There is just no reason for it. I'm still pretty sure it's 90% pure panic. Based on nothing.

You do realize you can say the same thing for when the price rises $100 in one night. Its pure panic buying and its buying based on nothing.

not when actual good things are happening in terms of btc infrastructure, but yes panic buys and sells do happen.

one buy mainly pushed the price up Saturday morning...so not that much panic buying... even followed that move.

if sources saying banks are talking to exchanges, and have channels for business in China are proven legit we can watch the panic re buys. Cheesy

hyphymikey

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Activity: 784

Merit: 1000

Quote from: fotosonics on January 13, 2014, 01:08:04 AM

Factor in perceptions of rarity. It's rare that it's this low. Hence a lot will buy the further it goes down. Add into that more people jumping on the train.

It's rare that the price is this low? When you did start looking at bitcoin, less than 2 months ago? Low is 500, we are still above average at 900..... for now.

virtualfaqs

hero member

Activity: 700

Merit: 500

On Mtgox, there's 443 BTC until the huge wall at $900 of 491....

TERA

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Quote from: pera on January 13, 2014, 01:07:23 AM

crossed trend-line, crossing 6h ema

I was wondering where people were getting this picture of an unbroken trendline anyway. I thought we already established that it was clearly broken during the first drop on Tuesday.

fotosonics

full member

Activity: 280

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Factor in perceptions of rarity. It's rare that it's this low. Hence a lot will buy the further it goes down. Add into that more people jumping on the train.

pera

sr. member

Activity: 532

Merit: 261

バカ

crossed trend-line, crossing 6h ema

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30346. (Read 26710286 times)