Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30880. (Read 26711946 times)

legendary
Activity: 1008
Merit: 1000
Dumb broad
Mornin' all Cheesy

So, we went up,
then we went back down.
Sales of xanax went UP.
Lots of whisky went down.

Anything else I should know about. Smiley
full member
Activity: 168
Merit: 100
The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.

EDIT: Bitstamp

You are usually right.  I would love for you to be wrong on this one though.  Just tell me when we are going to $10,000 Rpietila!   Grin

$300k!

As a temporary measure I will quote all values in objects of desire.

For example, we can ask "when do you think 1BTC will equal one Goat Lambo?"  or "when do you think 1BTC will equal an acre of prime Tokyo Real Estate."
hero member
Activity: 980
Merit: 1001
Well I just consulted my trading team and asked them if I should by more bitcoins or wait for a lower price? They have analyzed the information available and said "Buy more bitcoins daddy". When all else fails you listen to the 5 and two year olds. They know what's up!

Last Bull Run my 6 year old asked in earnest are the bulls or the bears winning today Dady

That's awesome!
member
Activity: 84
Merit: 10

You trust that guy?

RT is Russian state sponsored TV.  Everything on that channel is pure Russian propaganda.

It's Putins words watered down for a global audience.  Why would they want to destroy the dollar? ohh wait 1 second..

I like max keiser because he's just fun to watch. he put a cool spin on the stories


I'm sure his words have an effect, but Russia Today is as politically bias towards a Russian agenda as al jazeera is to the Muslim world.    Just look at the scrolling news at the bottom.  "UKRAINE:  riot police are dismantling the protestors barricades in Kiev."  

What kind of news is that other than a Russian agenda?  Why don't they say the "Protests continue in Kiev dispite efforts by the police"  which is the truth.

Evey single thing on RT is designed to damage America and the EU as much as possible.  The whole channel is just Russian FUD!  Never trust anyone on that channel ever. Smiley
legendary
Activity: 2324
Merit: 1125
The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.

EDIT: Bitstamp

You are usually right.  I would love for you to be wrong on this one though.  Just tell me when we are going to $10,000 Rpietila!   Grin

$300k!
legendary
Activity: 984
Merit: 1000
This is starting to get posted everywhere:

The front page of huobi.com says "银行汇款充值24小时到账,支持招商、建设银行。"

Apparently it translates to: "You can use the remittance to deposit fiat into our platform. The fund will be available in 24 hours. We support China Merchants Bank and China Construction Bank".

I know huobi is a Chinese exchange.  I know they're saying they are now accepting fiat via "remittance".  What is remittance though?  And they say they support two different banks. Is remittance like a cashier's check form one of these banks?  Is it a bank wire?

It looks like this exchange has found a way around the new regulations.  

Maybe another webmaster trying this:
http://de.reddit.com/r/Bitcoin/comments/1t6yaa/let_me_tell_you_why_the_price_in_china_rose_3/
full member
Activity: 168
Merit: 100
This week was the perfect storm.  We have a bunch of people that need to cash out for Christmas (I know not everyone celebrates Christmas but I think many do Wink )  couple that with the China fiasco and we have a nice big crash.  Just thankful it was not worse really.

Next week there will be Christmas money flooding in, and a few people that want to buy before the end of the year for whatever reason, (Perhaps because Second Market is giving a discount on fees if they buy in before the end of 2013 for one example)

It will go up before the end of the year.  I have no doubts.



I think you nailed it



I am giving bitcoins as gifts.  Suspect a certain fraction of those will be immediately transferred to FIAT.   Perhaps a few will hold and use for "real" as either an investment or used in the economy.   

Not sure if I am a good sample but this would then follow with a Christmas "sell."   I would give it a few weeks after Christmas before the behavior settles into a more understandable trend.   

Then again, who knows, maybe we will all be hunted down by the 'leet financial termination squads in our local regimes and the value will go to zero Smiley
legendary
Activity: 1148
Merit: 1001
The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.

EDIT: Bitstamp

You are usually right.  I would love for you to be wrong on this one though.  Just tell me when we are going to $10,000 Rpietila!   Grin
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot

You trust that guy?

RT is Russian state sponsored TV.  Everything on that channel is pure Russian propaganda.

It's Putins words watered down for a global audience.  Why would they want to destroy the dollar? ohh wait 1 second..

RT operates with a surprising degree of autonomy, as anyone who reads it regularly can easily see.  They were defenders of Pussy Riot from the beginning, as an example.
hero member
Activity: 686
Merit: 500
Whoa, there are a lot of cats in this wall.
This is starting to get posted everywhere:

The front page of huobi.com says "银行汇款充值24小时到账,支持招商、建设银行。"

Apparently it translates to: "You can use the remittance to deposit fiat into our platform. The fund will be available in 24 hours. We support China Merchants Bank and China Construction Bank".

I know huobi is a Chinese exchange.  I know they're saying they are now accepting fiat via "remittance".  What is remittance though?  And they say they support two different banks. Is remittance like a cashier's check form one of these banks?  Is it a bank wire?

It looks like this exchange has found a way around the new regulations.  
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner

You trust that guy?

RT is Russian state sponsored TV.  Everything on that channel is pure Russian propaganda.

It's Putins words watered down for a global audience.  Why would they want to destroy the dollar? ohh wait 1 second..

I like max keiser because he's just fun to watch. he put a cool spin on the stories
hero member
Activity: 728
Merit: 500
I am still waiting to see a recovery that is not led by btcChina.
Although they had the biggest volume lately, that was certainly not more than the combined volume of the other exchanges who have already been though the central bank pressure to restrict fiat flow into BTC, it's just that media sentiment is still following China.


All of the bots and traders are still wired to btcChina. Every move on btcChina is immediately reflected somehow on other exchanges. All of the volume on gox is merely an algorithmic interpretation of btcChina (and maybe bitstamp). If there is a 20k buy wall, and btcchina went down, then gox would have a 20k sell. Then when btcchina went back up, gox would have a 20k buy. Any territory can be entered if btcChina leads to there.  As long as this kind of behavior is there, the market cannot recover from the loss of China, and will continue to trend down since btcChina is on a strong downtrend.
donator
Activity: 1722
Merit: 1036
The immediate trend is strongly UP. On daily basis we are way oversold. I expect an advance to 666 area in the following hours/days. After that, the downtrend resumes and visiting the long-term trendline at about 450 is a strong possibility.

EDIT: Bitstamp
member
Activity: 84
Merit: 10

You trust that guy?

RT is Russian state sponsored TV.  Everything on that channel is pure Russian propaganda.

It's Putins words watered down for a global audience.  Why would they want to destroy the dollar? ohh wait 1 second..
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
This week was the perfect storm.  We have a bunch of people that need to cash out for Christmas (I know not everyone celebrates Christmas but I think many do Wink )  couple that with the China fiasco and we have a nice big crash.  Just thankful it was not worse really.

Next week there will be Christmas money flooding in, and a few people that want to buy before the end of the year for whatever reason, (Perhaps because Second Market is giving a discount on fees if they buy in before the end of 2013 for one example)

It will go up before the end of the year.  I have no doubts.



I think you nailed it

legendary
Activity: 1372
Merit: 1000
Well I just consulted my trading team and asked them if I should by more bitcoins or wait for a lower price? They have analyzed the information available and said "Buy more bitcoins daddy". When all else fails you listen to the 5 and two year olds. They know what's up!

Last Bull Run my 6 year old asked in earnest are the bulls or the bears winning today Dady
hero member
Activity: 496
Merit: 500
Spanish Bitcoin trader
It is useful because there is obviously a correlation between coins on and off the books, especially in similar situations, and the fact is there are no new coins for sale showing up whereas it has been typical of them to do so in a dramatic manner.
What similar/typical situations are we talking about?

This seems very anecdotal. I'm not sure I see the evidence.

Doesn't ask depth dropping make sense when asks are pulled to market sell? Does it make sense to keep your limit orders at $1500 on the book if you are willing/planning to dump them lower?


About the typical situations: during the april crash ask sum more than doubled (50k to ~120k). During the november crashcorrection ask sum trebled (10k to 30k, you can't see it accurately so you will have to believe me).

Now, however, ask sum is steady (see chart right above shown on blockchained.com), and decreased suddenly during the hardest fall. While the panics previously mentioned involved coins coming out of nowhere into market sells, today's sells did not cause more coins to appear, unlike in previous crashes.

This is what oda.krell said about feeling bullish for the bid/ask ratio, but in other words.
hero member
Activity: 700
Merit: 500
Well I just consulted my trading team and asked them if I should by more bitcoins or wait for a lower price? They have analyzed the information available and said "Buy more bitcoins daddy". When all else fails you listen to the 5 and two year olds. They know what's up!

But did you ask your kids the same thing when BTC was $1200? haha  Huh
erk
hero member
Activity: 826
Merit: 500
I am still waiting to see a recovery that is not led by btcChina.
Although they had the biggest volume lately, that was certainly not more than the combined volume of the other exchanges who have already been though the central bank pressure to restrict fiat flow into BTC, it's just that media sentiment is still following China.

newbie
Activity: 15
Merit: 0
It will go up before the end of the year.  I have no doubts.
Only question is: Going up from 500, 400, 300, ... Smiley
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