Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30556.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: granathus on January 03, 2014, 08:49:58 AM

Quote from: Nemo1024 on January 03, 2014, 08:44:51 AM

Quote from: granathus on January 03, 2014, 08:20:22 AM

Quote from: Nemo1024 on January 03, 2014, 08:09:41 AM

Quote from: MANofthePEOPLE on January 03, 2014, 08:03:46 AM

This is the time to panic buy!! $1435 before sunday, you heard it here first! Cheesy

Please do. The faster it rises, the harder it falls. Wink

Om nom nom, sweet bear tears! Cheesy

Oh, but as I stated yesterday evening, I am a butthurt bull, not wishing to get slaughtered yet again in another bull trap, like it happened to me on oh too many occasions, so I am trying to exercise those wonderful virtues of patience and restraint, while keeping a close eye on my level of greed. Tongue

In that case the train station will be flowing, not only with bear tears, but also a stream of butthurt bull tears Cry

And tears of joy from hoarders and the Bitcoin faithful.

granathus

full member

Activity: 294

Merit: 100

Quote from: Nemo1024 on January 03, 2014, 08:44:51 AM

Quote from: granathus on January 03, 2014, 08:20:22 AM

Quote from: Nemo1024 on January 03, 2014, 08:09:41 AM

Quote from: MANofthePEOPLE on January 03, 2014, 08:03:46 AM

This is the time to panic buy!! $1435 before sunday, you heard it here first! Cheesy

Please do. The faster it rises, the harder it falls. Wink

Om nom nom, sweet bear tears! Cheesy

Oh, but as I stated yesterday evening, I am a butthurt bull, not wishing to get slaughtered yet again in another bull trap, like it happened to me on oh too many occasions, so I am trying to exercise those wonderful virtues of patience and restraint, while keeping a close eye on my level of greed. Tongue

In that case the train station will be flowing, not only with bear tears, but also a stream of butthurt bull tears Cry

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: MANofthePEOPLE on January 03, 2014, 08:42:36 AM

Yes, they are all heading to the moon and beyond! Cool

Quote from: Jren on January 03, 2014, 08:22:24 AM

Quote from: MANofthePEOPLE on January 03, 2014, 08:03:46 AM

This is the time to panic buy!! $1435 before sunday, you heard it here first! Cheesy

Do all the trains go to the moon? I don't want to board the wrong one Tongue

The left one seems the most futuristic.

Judging books from covers since 1999! Tongue

Nemo1024

legendary

Activity: 1680

Merit: 1014

Quote from: granathus on January 03, 2014, 08:20:22 AM

Quote from: Nemo1024 on January 03, 2014, 08:09:41 AM

Quote from: MANofthePEOPLE on January 03, 2014, 08:03:46 AM

This is the time to panic buy!! $1435 before sunday, you heard it here first! Cheesy

Please do. The faster it rises, the harder it falls. Wink

Om nom nom, sweet bear tears! Cheesy

Oh, but as I stated yesterday evening, I am a butthurt bull, not wishing to get slaughtered yet again in another bull trap, like it happened to me on oh too many occasions, so I am trying to exercise those wonderful virtues of patience and restraint, while keeping a close eye on my level of greed. Tongue

You can call me a bull, who got separated from the herd....

MANofthePEOPLE

full member

Activity: 182

Merit: 100

Yes, they are all heading to the moon and beyond! Cool

Quote from: Jren on January 03, 2014, 08:22:24 AM

Quote from: MANofthePEOPLE on January 03, 2014, 08:03:46 AM

This is the time to panic buy!! $1435 before sunday, you heard it here first! Cheesy

Do all the trains go to the moon? I don't want to board the wrong one Tongue

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: JorgeStolfi on January 03, 2014, 08:32:46 AM

Eyeballing the charts, I would guess that ~300 kBTC were bought at over 900 USD each on MtGox alone.

Some of those buyers may be Believers who will hold the Bitcoins no matter what. But some must be waiting for Traders to raise their bids high enough. Someone who bought 10 kBTC at 900, for example, may wait until there are 10 kBTC of bids above 900, then dump all at once.

The Traders caught on that trap will of course have to do the same. So the price will probably stay in the 900-1100 range for a long time, sustained not by hope of a bright future but by reluctance to cash at a loss.

What a blunder would that be. First buying at the top and then following that up by selling at breakeven just before the price goes way higher. People contemplating this should probably disallow themselves to sell ANYTHING within a year of buying it (although for non-crypto assets they should probably up that to 2 years).

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Eyeballing the charts, I would guess that ~300 kBTC were bought at over 900 USD each on MtGox alone.

Some of those buyers may be Believers who will hold the Bitcoins no matter what. But some must be waiting for Traders to raise their bids high enough. Someone who bought 10 kBTC at 900, for example, may wait until there are 10 kBTC of bids above 900, then dump all at once.

The Traders caught on that trap will of course have to do the same. So the price will probably stay in the 900-1100 range for a long time, sustained not by hope of a bright future but by reluctance to cash at a loss.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: granathus on January 03, 2014, 08:20:22 AM

Om nom nom, sweet bear tears! Cheesy

Jren

newbie

Activity: 58

Merit: 0

Quote from: MANofthePEOPLE on January 03, 2014, 08:03:46 AM

This is the time to panic buy!! $1435 before sunday, you heard it here first! Cheesy

http://upload.wikimedia.org/wikipedia/commons/d/da/JR_East_Shinkansen_lineup_at_Niigata_Depot_201210.jpg

Do all the trains go to the moon? I don't want to board the wrong one Tongue

granathus

full member

Activity: 294

Merit: 100

Quote from: Nemo1024 on January 03, 2014, 08:09:41 AM

Quote from: MANofthePEOPLE on January 03, 2014, 08:03:46 AM

This is the time to panic buy!! $1435 before sunday, you heard it here first! Cheesy

Please do. The faster it rises, the harder it falls. Wink

Om nom nom, sweet bear tears! Cheesy

Ducky1

hero member

Activity: 966

Merit: 500

📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

Quote

oxba ‏@oxba 48 m
5 years ago, on this day, the first Bitcoin genesis block was generated.
Retweetet av AndreasMAntonopoulos

Nemo1024

legendary

Activity: 1680

Merit: 1014

Quote from: MANofthePEOPLE on January 03, 2014, 08:03:46 AM

This is the time to panic buy!! $1435 before sunday, you heard it here first! Cheesy

Please do. The faster it rises, the harder it falls. Wink

el_rlee

legendary

Activity: 1600

Merit: 1014

600 Eur on bitcoin.de coming up

T.Stuart

hero member

Activity: 644

Merit: 500

One Token to Move Anything Anywhere

Quote from: capsqrl on January 03, 2014, 07:38:32 AM

Just as yesterday, today we're seeing slow and continuous rising starting from early UTC morning. Also just as yesterday, perhaps we'll see a bull run tonight?

Yes we will

MANofthePEOPLE

full member

Activity: 182

Merit: 100

This is the time to panic buy!! $1435 before sunday, you heard it here first! Cheesy

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: molecular on January 03, 2014, 07:33:11 AM

If you look at volume in USD it's not anemic at all. It's substantially higher than during the post-silkroad-arrest runup in mid to late October 2013.

I'm not claiming we're in hyperdrive like November last year (this is yet to come), but to say this is some people who happen to have time during the holiday playing with the price at will is quite a stretch.

The volume ist not insubstantial.

So basically what we need to do is take this volume chart (all currencies, all exchanges): http://data.bitcoinity.org/#caaadaehaa

And convert that to a composite "volume in currency" that uses a weighted average of all the currency pairs.

And then we'd get an accurate picture of volume measured in fiat.

Or as an good-enough approximation you just use the USD exchange rate as a multiplier.

capsqrl

sr. member

Activity: 444

Merit: 250

Just as yesterday, today we're seeing slow and continuous rising starting from early UTC morning. Also just as yesterday, perhaps we'll see a bull run tonight?

hyphymikey

hero member

Activity: 784

Merit: 1000

HAPPY 5TH BIRTHDAY BITCOIN!!

molecular

donator

Activity: 2772

Merit: 1019

Quote from: nanobrain on January 03, 2014, 06:04:06 AM

Quote from: molecular on January 03, 2014, 05:55:28 AM

usually bears complain about low volume at this point.

I don't think you are a 'bear' or a 'bull' to point out the volume driving this is very low, nay anaemic ...essentially the market is still in holiday mode.

If you look at volume in USD it's not anemic at all. It's substantially higher than during the post-silkroad-arrest runup in mid to late October 2013.

I'm not claiming we're in hyperdrive like November last year (this is yet to come), but to say this is some people who happen to have time during the holiday playing with the price at will is quite a stretch.

The volume ist not insubstantial.

keewee

legendary

Activity: 1025

Merit: 1000

Quote from: Dalmar on January 03, 2014, 07:24:47 AM

Quote from: keewee on January 03, 2014, 07:15:05 AM

I had the impression there was a lot more media attention generally. And news searches for "bitcoin" are double what they were last time:

If you filter for a shorter time scale, it becomes clear that it's nowhere near the late nov/early dec bubble.

https://i.imgur.com/zes28E0.jpg

Currently, bitcoin has the same levels of media attention as when it was in the 300s. Mostly from econ/spec sources who are talking about 2014 picks. In a few days it might be even substantially less.

oooo, I assumed they were referring to the April bubble.

Edit: And that is still not "1/10th". It could also be considered positive if the current interest is from economics and investment circles.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30556. (Read 26710181 times)