An overstock of coins.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30417. (Read 26712348 times)
January 09, 2014, 02:20:29 PM
Choo choo, all the overstock coins will soon hit the market.
An overstock of coins.
An overstock of coins.
January 09, 2014, 02:19:52 PM
CHOOOOO-CHOOOOO: OVERSTOCK WENT LIVE !
January 09, 2014, 02:19:46 PM
Don't like the looks of it, and I don't see that changing very soon. Ergo: (relatively small) re-arrangement of my position complete. Just to let you know, arepo
the outcome is still fuzzy short-term, but it doesn't look good for the coming week, that's for sure. i'm still expecting a bearish formation up to $875 +/- $10 on stamp before we break under the short-term bottom, but good call on the most recent move down. it's hard to make intraday calls better than chance, and so my focus is usually on risk management, and while i did take a small loss i quickly recouped it and more with a slight re-arrangement of my position as well
--arepo
Haha, we don't talk about the same thing, I guess. I don't consider the low-900s to high-800s shift to be the short term drop I expected yet. Below 850, into the 700s maybe, is what I am (tentatively) expecting for the coming 24h to 48h. I can't trade the smaller swings or slippage eats my profits.
There is some support in these levels that is fighting back, but this is as bearish as the 12hr charts have looked since the last capitulation. The markets are hanging onto a thread with Friday and Saturday looming. The support would have to hold out for at least 48 hours before I might reconsider the charts.
Friday and Saturday have been good last weekend.. let's see how much the Overstock-news will affect price
January 09, 2014, 02:19:33 PM
Indeed. Weekend is coming.
January 09, 2014, 02:18:50 PM
Don't like the looks of it, and I don't see that changing very soon. Ergo: (relatively small) re-arrangement of my position complete. Just to let you know, arepo
the outcome is still fuzzy short-term, but it doesn't look good for the coming week, that's for sure. i'm still expecting a bearish formation up to $875 +/- $10 on stamp before we break under the short-term bottom, but good call on the most recent move down. it's hard to make intraday calls better than chance, and so my focus is usually on risk management, and while i did take a small loss i quickly recouped it and more with a slight re-arrangement of my position as well
--arepo
Haha, we don't talk about the same thing, I guess. I don't consider the low-900s to high-800s shift to be the short term drop I expected yet. Below 850, into the 700s maybe, is what I am (tentatively) expecting for the coming 24h to 48h. I can't trade the smaller swings or slippage eats my profits.
There is some support in these levels that is fighting back, but this is as bearish as the 12hr charts have looked since the last capitulation. The markets are hanging onto a thread with Friday and Saturday looming. The support would have to hold out for at least 48 hours before I might reconsider the charts.
January 09, 2014, 02:17:49 PM
Was going to trade a down movement but have pulled my order, the support is too strong.
January 09, 2014, 02:17:21 PM
And as of this moment, you can buy on Overstock with Bitcoin.
January 09, 2014, 02:16:49 PM
Bitcoin payments are live on Overstock.com
January 09, 2014, 02:16:04 PM
More about overstock! Going to make an account there... just in case 
http://www.wired.com/business/2014/01/overstock-bitcoin-live/
http://www.wired.com/business/2014/01/overstock-bitcoin-live/
Major retailers intend to convert to fiat on the fly. Purchasing items is equivalent to selling on an exchange. The price will drop without sufficient new fiat flowing into the exchanges.
Bitcoin liquidity, and people actually using it as a currency is really a bad thing for inflated values. Consider what happened after the largest Bitcoin commerce activity to date, Silk Road, was taken out of the picture.
If we want to go to da moon, we need to be useless like Gold, not useful like PayPal.
January 09, 2014, 02:15:52 PM
That almost makes me a little more bearish. 
Contrary to your assumptions, I am flexible on these matters too.
I don't know, just surprised because of your recent post that made me think you would wait for years if necessary.Contrary to your assumptions, I am flexible on these matters too.
I applaud anyone who doesn't succumb to the highs from bitcrack.
By the way, Emptygox is now the world's third largest exchange if we exclude the fake/0% volume Huobi, and this is even including all their non-USD currencies http://bitcoinity.org/markets/list?currency=ALL&span=7d
Blitz, you're a smart guy, stop with the '0% fee exchange volume is fake volume' canard. Discount the volume by some, sure. But it's not as if 0% trading is without any risk, and therefore done at a whim. It's just, well, cheaper, so volume is relatively higher and needs to be normalized to be compared to non-0% fee exchanges.
The first time I looked at houbi , I saw they had only 400 BTC on the order book and they were doing more volume than gox , that's when I started to think that everything from China might be fake.
January 09, 2014, 02:14:07 PM
More about overstock! Going to make an account there... just in case
http://www.wired.com/business/2014/01/overstock-bitcoin-live/
http://www.wired.com/business/2014/01/overstock-bitcoin-live/
Major retailers intend to convert to fiat on the fly. Purchasing items is equivalent to selling on an exchange. The price will drop without sufficient new fiat flowing into the exchanges.
January 09, 2014, 02:12:49 PM
Don't like the looks of it, and I don't see that changing very soon. Ergo: (relatively small) re-arrangement of my position complete. Just to let you know, arepo
the outcome is still fuzzy short-term, but it doesn't look good for the coming week, that's for sure. i'm still expecting a bearish formation up to $875 +/- $10 on stamp before we break under the short-term bottom, but good call on the most recent move down. it's hard to make intraday calls better than chance, and so my focus is usually on risk management, and while i did take a small loss i quickly recouped it and more with a slight re-arrangement of my position as well
--arepo
Haha, we don't talk about the same thing, I guess. I don't consider the low-900s to high-800s shift to be the short term drop I expected yet. Below 850, into the 700s maybe, is what I am (tentatively) expecting for the coming 24h to 48h. I can't trade the smaller swings or slippage eats my profits.
January 09, 2014, 02:11:02 PM
Scalping bots can inflate volumes ridiculously high at a 0% fee. You saw the effect when BTCChina introduced a fee. Furthermore, I would not be surprised if at least in part, Huobi's volume was made up by the exchange operators. OKCoin is precedence enough as to the shadiness of Chinese exchanges.
Last but not least, even if we assume that the 0% fee is not that big a factor, Huobi will likely be no more within the next 3 weeks.
So, that is why I decide to disregard them entirely. Or anything else that is Chinese, really.
Last but not least, even if we assume that the 0% fee is not that big a factor, Huobi will likely be no more within the next 3 weeks.
So, that is why I decide to disregard them entirely. Or anything else that is Chinese, really.
January 09, 2014, 02:07:44 PM
That almost makes me a little more bearish.
Contrary to your assumptions, I am flexible on these matters too.
I don't know, just surprised because of your recent post that made me think you would wait for years if necessary.Contrary to your assumptions, I am flexible on these matters too.
I applaud anyone who doesn't succumb to the highs from bitcrack.
By the way, Emptygox is now the world's third largest exchange if we exclude the fake/0% volume Huobi, and this is even including all their non-USD currencies http://bitcoinity.org/markets/list?currency=ALL&span=7d
Blitz, you're a smart guy, stop with the '0% fee exchange volume is fake volume' canard. Discount the volume by some, sure. But it's not as if 0% trading is without any risk, and therefore done at a whim. It's just, well, cheaper, so volume is relatively higher and needs to be normalized to be compared to non-0% fee exchanges.
January 09, 2014, 02:06:25 PM
If your Bitcoins drop too much in value, you will have no purchasing power left to even buy bitcrack. If you can no longer get high on bitcrack, inevitably you will be forced to sell. Think about it.
Thus, as an emergency measure, I recommend selling your Bitcoins off for the "To The Moon" game on Humble Bundle.
Thus, as an emergency measure, I recommend selling your Bitcoins off for the "To The Moon" game on Humble Bundle.
January 09, 2014, 02:03:55 PM
I don't think it is helpful to think in such terms as the US dollar will fail, bitcoin/gold will win. End of the world scenarios don't happen often and are not a great investment strategy IMO.
no they don't happen often but if you look beyond the mainstream media you'll know it's on its way.. actually it's long overdue, only the QE, low interest rates and market manipulation is keeping the economy going now, they may try keep it propped up for a while longer but it's not entirely in their hands, foreign held reserves being offloaded may trigger collapse at any time.
I suspect most the world will be looted through privatisation, bail ins etc before we switch to a new world reserve though, really we should just say this fiat ponzi scam ends here, the debt is cancelled, bankers go to jail but unfortunately our governments are pretty much owned by banks and corporations so that aint happening without a revolution.
The status quo is a powerful thing. World wide central banks have come out with near unanimous warnings against bitcoin in the last few weeks. They are a club, they are controlled by the private banks who own their respective governments. I think bitcoin is so revolutionary that it is a race of internet user adoption as a payment method and store of value vs a systematic attempt to marginalise it by government, banks and the mainstream media. Youth of the world will decide the fate of cryptocurrency - and very quickly I think.
Price dropping on gox. Time to walk away from the computer for a few days.
January 09, 2014, 02:02:49 PM
Seems that Overstock is already accepting Bitcoin. Wasn't this supposed to happen somewhere around the second quarter?
https://help.overstock.com/app/answers/detail/a_id/5794/c/4
https://help.overstock.com/app/answers/detail/a_id/5794/c/4
No denying if they got that process rolling and it goes smooth we'll be at a tipping point on business accepting it as payment
January 09, 2014, 02:02:38 PM
January 09, 2014, 01:59:35 PM
I don't think it is helpful to think in such terms as the US dollar will fail, bitcoin/gold will win. End of the world scenarios don't happen often and are not a great investment strategy IMO.
no they don't happen often but if you look beyond the mainstream media you'll know it's on its way.. actually it's long overdue, only the QE, low interest rates and market manipulation is keeping the economy going now, they may try keep it propped up for a while longer but it's not entirely in their hands, foreign held reserves being offloaded may trigger collapse at any time.
I suspect most the world will be looted through privatisation, bail ins etc before we switch to a new world reserve though, really we should just say this fiat ponzi scam ends here, the debt is cancelled, bankers go to jail but unfortunately our governments are pretty much owned by banks and corporations so that aint happening without a revolution.
+1,
Bitcoin also helps to people to discover the ponzi that fiat money is.
The Biggest Scam In The History Of Mankind:
http://www.youtube.com/watch?v=iFDe5kUUyT0
January 09, 2014, 01:58:22 PM
That almost makes me a little more bearish.
Contrary to your assumptions, I am flexible on these matters too.
I don't know, just surprised because of your recent post that made me think you would wait for years if necessary.Contrary to your assumptions, I am flexible on these matters too.
I applaud anyone who doesn't succumb to the highs from bitcrack.
By the way, Emptygox is now the world's third largest exchange if we exclude the fake/0% volume Huobi, and this is even including all their non-USD currencies http://bitcoinity.org/markets/list?currency=ALL&span=7d
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