Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31426.

philip2000uk

sr. member

Activity: 276

Merit: 250

Quote from: rezurect on December 04, 2013, 01:32:19 PM

With such volatility how can BTC be used for buying/selling. Since prices are driven by speculation whats the range btc is going to settle for if it ever will. Crash >Rally>Crash >Rally.
The 13btc Asic Miner cards?

Arent currencies are supposed to trade in range to be of some use to public. Till that day comes. Bitcointalk and China rules!!

Once every country is on board and people are using it properly it shouldn't fluctuate a lot

scarsbergholden

hero member

Activity: 686

Merit: 500

i dont think i plan on selling bitcoins for dollars for a very long time. ive made so much on these altcoin rallies, who cares about making maybe 50% (at best if i do well on a 75% or something fall) on a btc correction.... i cant believe all these newbies pouring money into altcoins, i feel so bad for them.... making 400%+ gains in less than an hour, that is not right....

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: adsdas on December 04, 2013, 01:38:53 PM

Chinese salaries tomorrow, this weekend will be nice

Wha? Do all Chinese people have the same payday?

adsdas

sr. member

Activity: 337

Merit: 250

https://streamies.io/

Chinese salaries tomorrow, this weekend will be nice

windjc

legendary

Activity: 2156

Merit: 1070

By the way, I'm not bearish anymore.

Very interesting to see where this goes over the next 2 weeks. We might be 2 steps forward 1 step back for a while before any parabolic rises occur again. Could be awhile.

Aido

sr. member

Activity: 248

Merit: 252

1. Collect underpants 2. ? 3. Profit

Quote from: Richy_T on December 04, 2013, 01:28:04 PM

A milestone is just an arbitrary marker. In this case a moving one.

Here's another milestone, Gold ATH $1,923......I think, depends what sources you read.

scarsbergholden

hero member

Activity: 686

Merit: 500

Quote from: Richy_T on December 04, 2013, 01:28:04 PM

Quote from: scarsbergholden on December 04, 2013, 01:24:51 PM

it's not. based on the mBTC crowd's reasoning, we won't be using 1 oz as the standard measure in the future.

Sure it is. A milestone is just an arbitrary marker. In this case a moving one.

shrug, yeah i guess i always saw all these milestones as meaningless anyway, so, sure.

hd060053

hero member

Activity: 601

Merit: 503

they want to push the price up now with this walls.

rezurect

sr. member

Activity: 686

Merit: 250

With such volatility how can BTC be used for buying/selling. Since prices are driven by speculation whats the range btc is going to settle for if it ever will. Crash >Rally>Crash >Rally.
The 13btc Asic Miner cards?

Arent currencies are supposed to trade in range to be of some use to public. Till that day comes. Bitcointalk and China rules!!

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: nagnagnag2 on December 04, 2013, 01:30:53 PM

a new bid wall of 1046@1200 on mtgox Wink

Yeah nice. Maybe we're finally going somewhere.

nagnagnag2

full member

Activity: 142

Merit: 100

a new bid wall of 1046@1200 on mtgox Wink

keewee

legendary

Activity: 1025

Merit: 1000

Another wall joins the first...

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: scarsbergholden on December 04, 2013, 01:24:51 PM

Quote from: Richy_T on December 04, 2013, 01:23:40 PM

Quote from: oda.krell on December 04, 2013, 01:21:27 PM

Quote from: JimboToronto on December 04, 2013, 01:14:49 PM

Nobody posted about the fact that BTC reached parity with gold again for a little while.

What's the deal with this "gold parity" fallacy? I can understand why the media is picking it up, it sure sounds catchy, but it's completely meaningless except for that rather shallow psychological reasons (I'm not dismissing psychological reasoning altogether, just pointing out that this one is really rather dumb and easy to see through). If we ever reach parity with tradeable gold market cap, now that would be news. But I'm pretty sure it's a long way til we get there, if ever.

It's just a milestone.

it's not. based on the mBTC crowd's reasoning, we won't be using 1 oz as the standard measure in the future.

Well, in defense of the idea: There's no arguing with market participant's psychology, is there. If enough people somehow feel it is a milestone, then it is a milestone.

In fact, there's also no particularly deep reason behind the powers of 10 price steps (10, 100, 1000), and yet they act as major support/resistance points.

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: scarsbergholden on December 04, 2013, 01:24:51 PM

it's not. based on the mBTC crowd's reasoning, we won't be using 1 oz as the standard measure in the future.

Sure it is. A milestone is just an arbitrary marker. In this case a moving one.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Wekkel on December 04, 2013, 01:12:37 PM

Someone buys 700+ coins @ Gox. Follow up: 0.0.

I declare this market dead Huh

This worries me as well. It just doesn't want to go up even with these kinda buys.
Every time it goes up a few dollar people right away start selling. This has been going on for 2 days now or so.

scarsbergholden

hero member

Activity: 686

Merit: 500

Quote from: Richy_T on December 04, 2013, 01:23:40 PM

Quote from: oda.krell on December 04, 2013, 01:21:27 PM

Quote from: JimboToronto on December 04, 2013, 01:14:49 PM

Nobody posted about the fact that BTC reached parity with gold again for a little while.

What's the deal with this "gold parity" fallacy? I can understand why the media is picking it up, it sure sounds catchy, but it's completely meaningless except for that rather shallow psychological reasons (I'm not dismissing psychological reasoning altogether, just pointing out that this one is really rather dumb and easy to see through). If we ever reach parity with tradeable gold market cap, now that would be news. But I'm pretty sure it's a long way til we get there, if ever.

It's just a milestone.

it's not. based on the mBTC crowd's reasoning, we won't be using 1 oz as the standard measure in the future.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: Wekkel on December 04, 2013, 02:39:53 AM

No walls are holding price down atm. Buyers are just waiting and sellers holding. Indicators spiking up without significant price increases to show. Last time we dipped, we had this lull above ATH, now its below.

I am all cash now.

Quote from: Wekkel on December 04, 2013, 01:19:47 PM

Quote from: maz on December 04, 2013, 01:18:43 PM

Quote from: Wekkel on December 04, 2013, 01:12:37 PM

Someone buys 700+ coins @ Gox. Follow up: 0.0.

I declare this market dead Huh

Are you still bearish?

I will move the way the market moves. Not much right now, I would say.

you went all cash, you are afraid if the train will leave you behind this is why you have that feeling or hope that the price will crash and you still catch up, to be honest I wasn't sure as well so I cashed out %15 of my Bitcoins before the crash and now I am worry free, If there will be some correction after a new ATH I don't really mind it

scarsbergholden

hero member

Activity: 686

Merit: 500

Quote from: oda.krell on December 04, 2013, 01:21:27 PM

Quote from: JimboToronto on December 04, 2013, 01:14:49 PM

Nobody posted about the fact that BTC reached parity with gold again for a little while.

What's the deal with this "gold parity" fallacy? I can understand why the media is picking it up, it sure sounds catchy, but it's completely meaningless except for that rather shallow psychological reasons (I'm not dismissing psychological reasoning altogether, just pointing out that this one is really rather dumb and easy to see through). If we ever reach parity with tradeable gold market cap, now that would be news. But I'm pretty sure it's a long way til we get there, if ever.

it's completely stupid. 1 oz = 1 bitcoin? what is that supposed to say? i'm a bull too, but these shenanigans are just stupid.

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: oda.krell on December 04, 2013, 01:21:27 PM

Quote from: JimboToronto on December 04, 2013, 01:14:49 PM

Nobody posted about the fact that BTC reached parity with gold again for a little while.

What's the deal with this "gold parity" fallacy? I can understand why the media is picking it up, it sure sounds catchy, but it's completely meaningless except for that rather shallow psychological reasons (I'm not dismissing psychological reasoning altogether, just pointing out that this one is really rather dumb and easy to see through). If we ever reach parity with tradeable gold market cap, now that would be news. But I'm pretty sure it's a long way til we get there, if ever.

It's just a milestone.

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: JimboToronto on December 04, 2013, 01:14:49 PM

Nobody posted about the fact that BTC reached parity with gold again for a little while.

At what time? Gold has been moving up today also.

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