Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31626.

windjc

legendary

Activity: 2156

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Quote from: Rampion on November 25, 2013, 04:26:58 AM

Quote from: windjc on November 25, 2013, 04:22:09 AM

Quote from: BitPirate on November 25, 2013, 04:18:41 AM

I think the somewhat negative CCTV coverage is having an effect in China.

No. $$$ has been flowing out to arbitrage and flowing in to sell.

China is looking at Gox. Gox is looking at Stamp. Stamp just got new money into its exchange about an hour ago. Since then it has already risen 30 points.

Its coming my friend.

So: the exchange with bigger volume (BTCChina) is looking at the 2nd exchange in terms of volume (Gox), which is looking himself to the exchange with lower volume?

I'd really like to understand how you did arrive to that conclusion, it seems pretty much counter intuitive to me.

Stamp led this rally out of the gates at $200. Gox followed Stamp and then took the lead for various reasons that most people know - it is more volatile. China lagged, but when it got going it went beserk.

We have now consolidated for the first time in this rally. I expect Stamp to lead again if we go up from here.

Vycid

sr. member

Activity: 336

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♫ the AM bear who cares ♫

Hmm, Gox does appear to be following.

Has anyone attempted to do time-lagged correlation between exchanges?

Rampion

legendary

Activity: 1148

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Quote from: windjc on November 25, 2013, 04:22:09 AM

Quote from: BitPirate on November 25, 2013, 04:18:41 AM

I think the somewhat negative CCTV coverage is having an effect in China.

No. $$$ has been flowing out to arbitrage and flowing in to sell.

China is looking at Gox. Gox is looking at Stamp. Stamp just got new money into its exchange about an hour ago. Since then it has already risen 30 points.

Its coming my friend.

So: the exchange with bigger volume (BTCChina) is looking at the 2nd exchange in terms of volume (Gox), which is looking himself to the exchange with lower volume among the three (Stamp)?

I'd really like to understand how you did arrive to that conclusion, it seems pretty much counter intuitive to me.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: herzmeister on November 25, 2013, 04:23:57 AM

Quote from: BitPirate on November 25, 2013, 04:18:41 AM

I think the somewhat negative CCTV coverage is having an effect in China.

what happened? The Chinese dear leaders sold a bunch?

No, if they wanted to sell they'd tell the masses to buy.

If they are warning the masses away it's because the leaders want to buy before the prices goes higher.

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: BitPirate on November 25, 2013, 04:18:41 AM

I think the somewhat negative CCTV coverage is having an effect in China.

I've been looking for this but the most upto date story I could find was a very bullish forbes article form 4 days back.
Could you elaborate, please?

herzmeister

legendary

Activity: 1764

Merit: 1007

Quote from: BitPirate on November 25, 2013, 04:18:41 AM

I think the somewhat negative CCTV coverage is having an effect in China.

what happened? The Chinese dear leaders sold a bunch?

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: BitPirate on November 25, 2013, 04:18:41 AM

I think the somewhat negative CCTV coverage is having an effect in China.

I missed this. What did they say?

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: BitPirate on November 25, 2013, 04:18:41 AM

I think the somewhat negative CCTV coverage is having an effect in China.

No. $$$ has been flowing out to arbitrage and flowing in to sell.

China is looking at Gox. Gox is looking at Stamp. Stamp just got new money into its exchange about an hour ago. Since then it has already risen 30 points.

Its coming my friend.

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

I think the somewhat negative CCTV coverage is having an effect in China.

zoinky

hero member

Activity: 811

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Web Developer

Today shall be full of rising! Grin

Davyd05

hero member

Activity: 574

Merit: 500

stamps feeling bullish.. decided the waters had become to calm.

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Good ol' BTC...all the sages come and forecast gloom....up it goes $30 Cheesy

I know, I know its only temporary

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: hmmmstrange on November 25, 2013, 03:56:26 AM

Quote from: BitPirate on November 25, 2013, 03:42:43 AM

+1 we haven't had a real crash for a long time.

Miners, y u no sell?

(They will eventually)

They have liquidated all their btc in the last 6 months to buy mining rigs and are in the process of rebuilding their stashes.

This. Rebuilding their stashes at a loss, which will make them to hold tighter.

Nemo1024

legendary

Activity: 1680

Merit: 1014

Quote from: BitPirate on November 25, 2013, 03:42:43 AM

+1 we haven't had a real crash for a long time.

Miners, y u no sell?

(They will eventually)

Who said miners only mine?
Sold 7 minted coins recently to buy back 9. Wink

hmmmstrange

hero member

Activity: 669

Merit: 500

Quote from: BitPirate on November 25, 2013, 03:42:43 AM

+1 we haven't had a real crash for a long time.

Miners, y u no sell?

(They will eventually)

They have liquidated all their btc in the last 6 months to buy mining rigs and are in the process of rebuilding their stashes.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: BitPirate on November 25, 2013, 03:42:43 AM

+1 we haven't had a real crash for a long time.

Miners, y u no sell?

(They will eventually)

I sold 1 mined bitcoin recently, and then I bought it back later. Tongue

BitPirate

full member

Activity: 238

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

+1 we haven't had a real crash for a long time.

Miners, y u no sell?

(They will eventually)

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: rpietila on November 25, 2013, 03:35:33 AM

If it stays this way, it will show in charts as a record +90% week, so hardly a crash Wink

My thoughts exactly.

Davyd05

hero member

Activity: 574

Merit: 500

I guess logically speaking the dump would be best timed following new money entering...panic sell. I think that is what happened last time at 850...I think too the moon literally plays out to the new blood as .. 5 digits by jan or zero by december.. lol

rpietila

donator

Activity: 1722

Merit: 1036

If it stays this way, it will show in charts as a record +90% week, so hardly a crash Wink

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