Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31183.

justusranvier

legendary

Activity: 1400

Merit: 1009

Quote from: N12 on November 17, 2013, 04:14:40 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%-> Huh

(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.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: Boxman90 on November 17, 2013, 04:27:47 PM

Quote from: theonewhowaskazu on November 17, 2013, 04:21:31 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.

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.

have you ever been to Russia? Most rich people there have lots of money in USD. Since the USD exchange rate is more set than the RUR, they're more likely to spend their USD stache on BTC rather than their RUR.

Boxman90

hero member

Activity: 518

Merit: 500

Quote from: theonewhowaskazu on November 17, 2013, 04:21:31 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.

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.

haightst

newbie

Activity: 42

Merit: 0

Quote from: Wekkel on November 17, 2013, 04:19:18 PM

Melt-up @ BTC-e

Bitcoin shortsellers *explained*-> http://www.sherv.net/cm/emoticons/fighting/setting-himself-on-fire.gif

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: ardana123 on November 17, 2013, 04:23:02 PM

How the hell is china having a rally at 4 am in the morning Cheesy

Its because the people that run BTC-China are secretly not Chinese, but are actually aliens, who don't have to sleep. It all makes sense now.

ardana123

hero member

Activity: 504

Merit: 500

How the hell is china having a rally at 4 am in the morning Cheesy

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

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.

bassclef

hero member

Activity: 924

Merit: 1000

Quote from: seleme on November 17, 2013, 04:00:10 PM

Quote from: strawbs on November 17, 2013, 03:58:06 PM

Quote from: seleme on November 17, 2013, 03:54:36 PM

This is just fucking mental...

I have only 2 explanations:

1. Someone knows Senate will be gentle

2: Someone want the price as higher as possible for dumping on it if Senate would not be gentle.

I don't think the Chinese (or the Europeans or anyone else for that matter) really care much about what the Senate does

Everybody cares about it as the outcome of it will have an impact on the price. Good or bad.

There will be no outcome, it's simply a hearing to shape future lawmaking. Maybe. They are going to want to regulate it, of course. Everyone knows this, it's what these government agencies do. For the children. The debate will be if they can, or should, regulate. My take is that these guys know the US is in dire straits as far as overspending and debt, and regulating the hell out of Bitcoin business will be simply shooting themselves in the foot.

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Quote from: Wekkel on November 17, 2013, 04:19:18 PM

Melt-up @ BTC-e

The great LTC to BTC rotation. Cheesy

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Melt-up @ BTC-e

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: CryptStorm on November 17, 2013, 04:18:26 PM

Quote from: tarmi on November 17, 2013, 04:03:45 PM

Quote from: byronbb on November 17, 2013, 03:46:44 PM

Looks like this is buying in anticipation of the Senate hearing which big players are betting will be bullish.

The Senate hearing is bullish. Period.

No matter what they say, I say that a public senate hearing about bitcoin is already a success and its already priced in.

+1

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: theonewhowaskazu on November 17, 2013, 04:15:37 PM

Thesis:

The future price of bitcoin is proportional to the number of jokes made on the most active Wall Observer thread.

Thesis: market exuberance is positively correlated with the number of gifs and jpegs on this thread. Sexually loaded pictures count double.
Conclusion: we still have a ways to go in this bubble.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: adamstgBit on November 17, 2013, 04:17:18 PM

Quote from: theonewhowaskazu on November 17, 2013, 04:15:37 PM

Thesis:

The future price of bitcoin is proportional to the number of jokes made on the most active Wall Observer thread.

you mama is so dumb, she thought she had to sell a BTC at mtgox to buy a bitcoin t-shirt

Cheesy

Yo mamma is so classless, she could be a Marxist Utopia.

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: tarmi on November 17, 2013, 04:03:45 PM

Quote from: byronbb on November 17, 2013, 03:46:44 PM

Looks like this is buying in anticipation of the Senate hearing which big players are betting will be bullish.

The Senate hearing is bullish. Period.

No matter what they say, I say that a public senate hearing about bitcoin is already a success and its already priced in.

+1

haightst

newbie

Activity: 42

Merit: 0

Quote from: infofront on April 16, 2013, 06:32:22 PM

Wall Observer
A free service brought to you by the bitcoin community

Whenever there is a significant change in market depth, please update this thread with a new depth chart, and a good price chart with some TA is also welcome, feel free to comment on these if you have something to worth contributing, ( if your post is not at all TA it will be deleted )

Posting guild lines:
Please lets keep this thread clean. ( I will be removing any off topic posts )
Do not post random comments on this thread, unless it is directly related to the last wall update (ex. The 20K ask was was NOT sold into, it was removed after being tested)
When you post a chart please use bitcoincharts.com, mtgoxlive.com, btccharts.com or bitcoinity.com

as requested, i have started a new thread.
this thread is now a self-moderated topic.
I will try and keep this thread clean, with only facts, current trends, past price movements, depth charts, etc.
I promise to not delete post simply because i do not agree with the bearish TA.

thank you for your input!

Quote from: ?? on ??

We needed more regulation around this bitch.

the rules of this thread is an attempt to keep this thread from having +1000 post when price is doing big moves, and instead relay important indicators during critical moments.
also when the market is more calm we can expect to see wall posts and TA price charts, back to back without any relevant chatting, making easier to analyze.
there are other threads where speculators can discuss their sentiment, just not here...

Quote from: ?? on ??

That 1000+ page thread was getting kinda useless.

Quote from: ?? on ??

How about bitcoinium.com pics? I can never get mtgoxlive to load Undecided

thats fine too,
I'm looking for quality charts or good TA bearish or bullish.

asking good questions example....

Quote from: DougTanner on April 16, 2013, 03:42:49 PM

Interesting pattern I've noticed. It's been sort of bouncing downwards for the last 4 days. Is there a technical term for this sort of thing?

https://i.imgur.com/Px5bq7M.png

is also welcome here.

just don't be posting about your "FEELINGS" and you won't get delete. Tongue

~if anyone must really know why it's going up so fast I will reveal the answer for 1/\BTC !!! Cool

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31183. (Read 26369325 times)