Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31182. (Read 26369316 times)
November 17, 2013, 04:57:04 PM
Bots on gox are raging.
November 17, 2013, 04:53:18 PM
Bitcoin Days Destroyed not as high as previous ATH at $266. Less coins coming out of cold storage to sell into this rally??
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=1year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=1year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
and there's a good chance a lot of these are poeple moving coins to a more secure storage. I use to tell poeple get a paper wallet. now i say get an encrypted paper wallet with backups. you and your dad can give eachother a backup for safe keeping. DO NOT TRUST YOUR MOTHER!
Agree, my mom has been telling me to sell since $100.
November 17, 2013, 04:52:16 PM
Bitcoin Days Destroyed not as high as previous ATH at $266. Less coins coming out of cold storage to sell into this rally??
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=1year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=1year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
and there's a good chance a lot of these are poeple moving coins to a more secure storage. I use to tell poeple get a paper wallet. now i say get an encrypted paper wallet with backups. you and your dad can give eachother a backup for safe keeping. DO NOT TRUST YOUR MOTHER!
November 17, 2013, 04:50:02 PM
Quote
What happens when the supply is depleted?
Theoretically (more) price stability. With higher numbers of coin in circulation having been decentralised from individuals who were holding large amounts, more players in the market making it harder to jump the price with pumps/dumps.
Theoretically that is.
November 17, 2013, 04:47:12 PM
Bitcoin Days Destroyed not as high as previous ATH at $266. Less coins coming out of cold storage to sell into this rally??
Early adopter coins are a finite resource.Each attention-generating rally ($32, $266) consumes more of them, and then they reenter circulation.
What happens when the supply is depleted?
Good point ty.
November 17, 2013, 04:45:59 PM
Bitcoin Days Destroyed not as high as previous ATH at $266. Less coins coming out of cold storage to sell into this rally??
Early adopter coins are a finite resource.Each attention-generating rally ($32, $266) consumes more of them, and then they reenter circulation.
What happens when the supply is depleted?
November 17, 2013, 04:44:57 PM
$50 spread between Stamp and Gox.
This can't last forever. This is a serious divergence. When we've seen this before it typically resolves itself in a correction.
Talking about spreads in USD terms is pointless. What is it in percentage terms?This can't last forever. This is a serious divergence. When we've seen this before it typically resolves itself in a correction.
The percentage difference is far from unusual... 9.5% now.
Yeah I know. But that % has been dropping. Stamp has been between $15-$30 difference this entire rise, except for once. Right before the last correction.
Mtgox just looks really overbought to me. And the ask depth is thin which suggest it could be more overbought soon.
I think we get some sort of correction soon. Or maybe we just go from here to 800 next week.
November 17, 2013, 04:43:23 PM
Bitcoin Days Destroyed not as high as previous ATH at $266. Less coins coming out of cold storage to sell into this rally??
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=1year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=1year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
November 17, 2013, 04:41:33 PM
$50 spread between Stamp and Gox.
This can't last forever. This is a serious divergence. When we've seen this before it typically resolves itself in a correction.
Talking about spreads in USD terms is pointless. What is it in percentage terms?This can't last forever. This is a serious divergence. When we've seen this before it typically resolves itself in a correction.
The percentage difference is far from unusual... 9.5% now.
November 17, 2013, 04:41:05 PM
Guys just wait until India gets an exchange. I know so many Indians who give huge discounts if you pay in Bitcoin.
The second largest population of the world still doesn't have an exchange, and when that happens you can bet that the chinese will get a run for their money
The second largest population of the world still doesn't have an exchange, and when that happens you can bet that the chinese will get a run for their money
Mumbai !!!! that's right even more $$$ there~ thanks for reminding me!!!
November 17, 2013, 04:39:15 PM
$50 spread between Stamp and Gox.
This can't last forever. This is a serious divergence. When we've seen this before it typically resolves itself in a correction.
Talking about spreads in USD terms is pointless. What is it in percentage terms? This can't last forever. This is a serious divergence. When we've seen this before it typically resolves itself in a correction.
November 17, 2013, 04:38:41 PM
no more coins on gox beyond 550. but i still have no idea how next week will play out …
$25 million on Gox on orderbook vs 12k BTC. ATH and ATL respectively. If Gox USD issues are as real as people say, the PANIC buying to move out BTC at considerable loss could be epic.
If Mark wanted, he could just pay the whole $25M from his left pocket (by selling BTC into it) and then Mt.Gox would not be short any USD.
can I get those 700 dollar bitcoins or not ? =) LMAO!
November 17, 2013, 04:38:28 PM
Judging from BTC-E, Russians seem to be buying now like mad.
Seriously, all we need is the Iranians to hop on the Bitcoin wagon. Then we'd have Russians, Iranians, and Chinese, the grand trio of nationalities vilified by the US media.
Seriously, all we need is the Iranians to hop on the Bitcoin wagon. Then we'd have Russians, Iranians, and Chinese, the grand trio of nationalities vilified by the US media.
If it were actually the russions buying at BTC-e, the volume would be in BTC/RUR, but no the volume is in BTC/USD.
The greatest catalyst of this bubble is imo the grand delusion that "*random nationality* IS NOW BUYING BITCOIN LIKE CRAZY". And people blindly follow a Chinese exchange with no trading fees (thus probably heavily faked volume). It's okay, i can make money from that.
Has it not occurred to anyone that if you wanted to buy a ton of bitcoins without steaming the price you could open an exchange with zero fees to attract bitcoins into your bids??
November 17, 2013, 04:38:13 PM
Guys just wait until India gets an exchange. I know so many Indians who give huge discounts if you pay in Bitcoin.
The second largest population of the world still doesn't have an exchange, and when that happens you can bet that the chinese will get a run for their money
The second largest population of the world still doesn't have an exchange, and when that happens you can bet that the chinese will get a run for their money
November 17, 2013, 04:36:38 PM
$50 spread between Stamp and Gox.
This can't last forever. This is a serious divergence. When we've seen this before it typically resolves itself in a correction.
This can't last forever. This is a serious divergence. When we've seen this before it typically resolves itself in a correction.
November 17, 2013, 04:34:14 PM
no more coins on gox beyond 550. but i still have no idea how next week will play out …
$25 million on Gox on orderbook vs 12k BTC. ATH and ATL respectively. If Gox USD issues are as real as people say, the PANIC buying to move out BTC at considerable loss could be epic.
If Mark wanted, he could just pay the whole $25M from his left pocket (by selling BTC into it) and then Mt.Gox would not be short any USD.
November 17, 2013, 04:34:00 PM
I was at the Salt Pans yesterday. I bought 30 kg of salt. Go salt, go! 
The Romans were famous builders of salt pans and special quantaties of salt, sal in Latin, which generations of Roman legionaries received in little bags as part of their pay, were known as salarium argentum or "salt money". Over the centuries the name of this form of payment gave rise to the English word "salary".
The Romans were famous builders of salt pans and special quantaties of salt, sal in Latin, which generations of Roman legionaries received in little bags as part of their pay, were known as salarium argentum or "salt money". Over the centuries the name of this form of payment gave rise to the English word "salary".
November 17, 2013, 04:32:51 PM
It's all fun and games until the Japanese start buying!
No way they are going to ignore what is going in China right now.
No way they are going to ignore what is going in China right now.
November 17, 2013, 04:30:23 PM
i told you, the rally is now accelerating.
November 17, 2013, 04:29:40 PM
Actually, you might be right justunravier, depending on how you want to calculate it. The latter stage of the 266 bubble was just as insane though. But it's no use to argue. This bubble is made of the same stuff as the 32 and the 266 bubble, not much difference here.
From the weekly charts:March-April 2013: 29%->9%->35%->35%->46%->crash
October-now 2013: 7%->16%->23%->4%->42%->30%->
(so far, 28%)>40% on the weekly weighted chart, that's not immediately followed by a crash, hasn't happened since 2011:
April-June 2011: 29%->39%->79%->45%->81%->15%->11%->49%->98%->crash
Imagine if early 2011 repeated itself at these price levels.
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