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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30379. (Read 26713116 times)

hero member
Activity: 728
Merit: 500
Volume at the main exchanges on the three days up to the all-time high, namely 27, 28 and 29/nov, when the price was between 950 and 1130 (on Bitstamp; 10% more on MtGox), in kBTC:

BTC-China  80+80+50 =  210
OKCoin     62+55+30 =  147
Huobi      45+37+20 =  102
MtGox      38+37+15 =   90
BTC-e      39+27+13 =   79
Bitstamp   37+22+13 =   72
BitFinEx   9 + 9+ 5 =   23


Other exchanges had smaller amounts.  In total, about 750,000 bitcoins were traded on those exchanges in those three days, when the price was at or above 960 USD and it seemed that it would keep increasing well beyond 1200 USD.  

Presumably some of those coins were traded multiple times in that period, but it seems safe to assume that there must be a few hundred thousand bitcoins out there which were bought at those prices by their current owners.
OR... Only about 5%-10% of those numbers represents actual disinct bitcoins newly purchased, and the other 90%-95% represents traders and bots trading the same coins back and forth, especially on chinese exchanges with 0% fees.
hero member
Activity: 784
Merit: 1000
Instead of boobs for beads for Mardi Gras this year in New Orleans, I'm gonna try btc for boobs.

(drunk)
hero member
Activity: 910
Merit: 1003
Volume at the main exchanges on the three days up to the all-time high, namely 27, 28 and 29/nov, when the price was between 950 and 1130 (on Bitstamp; 10% more on MtGox), in kBTC:

BTC-China  80+80+50 =  210
OKCoin     62+55+30 =  147
Huobi      45+37+20 =  102
MtGox      38+37+15 =   90
BTC-e      39+27+13 =   79
Bitstamp   37+22+13 =   72
BitFinEx   9 + 9+ 5 =   23


Other exchanges had smaller amounts.  In total, about 750,000 bitcoins were traded on those exchanges in those three days, when the price was at or above 960 USD and it seemed that it would keep increasing well beyond 1200 USD. 

Presumably some of those coins were traded multiple times in that period, but it seems safe to assume that there must be a few hundred thousand bitcoins out there which were bought at those prices by their current owners.
legendary
Activity: 2156
Merit: 1070
Too bad that's what everyone said as we were approaching $200 for the second time ;-)
On that occasion the volume at the Chinese exchanges increased and easily ate up that barrier.  Before that, the price stagnated for 10-12 days  just below 200 USD.  Would it have broken that barrier without the Chinese?  Who knows...


Dude, its like someone took all the cliche concerns about bitcoin for the last 5 years rolled them up into one ball and fed it to you and now you are just regurgitating them 1 by 1.  Have a little respect for the rest of us, that we have A LOT more experience with bitcoin than you do, and you probably aren't going to come up with a concern that hasn't been addressed 10 times before.

You statement about $200 is ridiculous. Go check the charts. Bitstamp led the rally from $200. SMH.
hero member
Activity: 910
Merit: 1003
Too bad that's what everyone said as we were approaching $200 for the second time ;-)
On that occasion the volume at the Chinese exchanges increased and easily ate up that barrier.  Before that, the price stagnated for 10-12 days  just below 200 USD.  Would it have broken that barrier without the Chinese?  Who knows...
hero member
Activity: 574
Merit: 500
changing of the guard lol
hero member
Activity: 672
Merit: 500
It seems very hard for the price to stay above 1000.
It seems that tens of thousands of coins were bought by speculators at 1000 USD or more, just before the all-time high, on the assumption that the price would keep rising. Some of those speculators must have grown disenchanted and will dump those coins as soon as the price returns to that level.

Possibly. I also have the feeling some people don't want the price to stay above 1000 for some idd reason and keep dumping to prevent it.
sr. member
Activity: 448
Merit: 250
It seems very hard for the price to stay above 1000.
It seems that tens of thousands of coins were bought by speculators at 1000 USD or more, just before the all-time high, on the assumption that the price would keep rising. Some of those speculators must have grown disenchanted and will dump those coins as soon as the price returns to that level.


Too bad that's what everyone said as we were approaching $200 for the second time ;-)
hero member
Activity: 910
Merit: 1003
It seems very hard for the price to stay above 1000.
It seems that tens of thousands of coins were bought by speculators at 1000 USD or more, just before the all-time high, on the assumption that the price would keep rising. Some of those speculators must have grown disenchanted and will dump those coins as soon as the price returns to that level.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP

A more libertarian analysis of the phenomenon from three years ago here

http://www.samizdata.net/2010/06/money-supply-th/

I'll just add that that article is a large part of why I jumped on Bitcoin as soon as I found out about it and understood its fundamentals.

Curious, what does the article say why this is bad? I can't make out any argument, just a prolonged statement that it is.

Oh and the analogies suck. (The fear mongering too)
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
Choo err, choo



Wow, I haven't seen that one since I was a kid.  I didn't realize it was still playing.
sr. member
Activity: 662
Merit: 250
The BTC DJ is playing this record on heavy rotation.  The tune for the weekend is slap-you-in-the-face obvious at this point.
hero member
Activity: 574
Merit: 500
uhh.. hmm let me just buy 918,000 or so worth of btc on a Saturday morning.. if I live east coast lol

Yeah, goes well with the morning coffee  Grin

no lie, then I fell asleep. This push kept me up longer than expected as I had just finished fixing a friends computer then joked we were likely to see 1000 before he left.. and four - five minutes later some one nearly drops 1million into btc. What a glorious weekend yet again.

edit : at 980 on gox is probably where we see some1 try and hammer us back in to the lower re tracement areas. Mind you bear-whale vs bull-whale is always an interesting predicament

That could be a real problem if it is so easy to manipulate the BTC price. You take BTC-E as hostage by putting a wall, they run away and other exchanges will follow?

Cause its easy to drop 900k, and repeat all things are manipulated...why wouldn't btc be. I think all in all as it develops and adoptions grows it gets harder to manipulate.
full member
Activity: 140
Merit: 100
uhh.. hmm let me just buy 918,000 or so worth of btc on a Saturday morning.. if I live east coast lol

Yeah, goes well with the morning coffee  Grin

no lie, then I fell asleep. This push kept me up longer than expected as I had just finished fixing a friends computer then joked we were likely to see 1000 before he left.. and four - five minutes later some one nearly drops 1million into btc. What a glorious weekend yet again.

edit : at 980 on gox is probably where we see some1 try and hammer us back in to the lower re tracement areas. Mind you bear-whale vs bull-whale is always an interesting predicament

That could be a real problem if it is so easy to manipulate the BTC price. You take BTC-E as hostage by putting a wall, they run away and other exchanges will follow?
hero member
Activity: 574
Merit: 500
uhh.. hmm let me just buy 918,000 or so worth of btc on a Saturday morning.. if I live east coast lol

Yeah, goes well with the morning coffee  Grin

no lie, then I fell asleep. This push kept me up longer than expected as I had just finished fixing a friends computer then joked we were likely to see 1000 before he left.. and four - five minutes later some one nearly drops 1million into btc. What a glorious weekend yet again.

edit : at 980 on gox is probably where we see some1 try and hammer us back in to the lower re tracement areas. Mind you bear-whale vs bull-whale is always an interesting predicament
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

A more libertarian analysis of the phenomenon from three years ago here

http://www.samizdata.net/2010/06/money-supply-th/

I'll just add that that article is a large part of why I jumped on Bitcoin as soon as I found out about it and understood its fundamentals.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
That chart shows the monetary base expansion under TARP and QE1,2,3.  The money is used to buy gov't bonds or other financial assets.  That is the official claim from the Fed.  Either the Fed is lying or the author is an idiot.  If the author is correct, the Fed is lying.  In this case, the money is probably parked in the banks waiting to cover a massive, anticipated run on bank accounts.  Chances are, however, that the author is a moron and the money is simply being injected into the world economy at some unknown rate.

A more libertarian analysis of the phenomenon from three years ago here

http://www.samizdata.net/2010/06/money-supply-th/
hero member
Activity: 672
Merit: 500
It seems very hard for the price to stay above 1000. People are so afraid it seems. Really anything could cause another panic sell back to 920 or so now. While staying above 1000 or getting higher needs constant big buys that don't do anything really as people sell right into it.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Speaking of ignore, why can't I see that pretty piss yellow ignore color of yours? Are your posts improving?

No theymos turned off the feature, actually I think I have overtaken at least smoothie by now.
He wrote something about it requiring to many server resources or something.

It must also apparently take too many server resources for it to scroll down the page to the appropriate post when you click on "new" as it stopped doing that a few days ago.
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