Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31846.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: tHash on November 20, 2013, 01:42:47 AM

Quote from: johnblaze on November 20, 2013, 01:33:05 AM

Quote from: jojo69 on November 20, 2013, 01:24:53 AM

Quote from: johnblaze on November 20, 2013, 01:23:34 AM

Quote from: derpinheimer on November 20, 2013, 12:59:01 AM

Not sure why people are pretending Gox doesnt matter? I guess most of you are watching your $ value take a huge drop?

Gox volume is 100% real. China is not.

A 10k sell is nothing to scoff at.

why is China volume not real?

no trade fee

ahhhhh ok

There is real volume in China. The daily trade volume is higher than there would be if there were fees, no doubt. It is impossible to know how much effect it has overall. The "fake volume" crowd is just grasping at straws to try and talk the price down. I hope they keep doing it, we need people to temper the market with FUD or exuberance would run away even worse.

tl;dr It would be really stupid to assume there is no demand for BTC in China . . .

nobody said there was no demand

if you can sell coins to yourself at no charge and paint the tape however you like what do you think you are going to get?

octaft

sr. member

Activity: 476

Merit: 250

Quote from: molecular on November 20, 2013, 01:44:54 AM

It's still trading at these prices, though. They volume may be "fake", but not the price.

I'm not saying the volume is faked, because I really have no idea, but couldn't a big player use the lack of trading fees to their advantage by setting up big sell walls, buying them out, and creating the illusion of incredible buying pressure at no cost? Or vice versa, I suppose.

pera

sr. member

Activity: 532

Merit: 261

バカ

Quote from: adamstgBit on November 20, 2013, 01:22:53 AM

Quote from: bobdude17 on November 20, 2013, 01:17:33 AM

http://www.reddit.com/r/Bitcoin/comments/1r1gu5/starbucks_to_make_announcement_regarding_bitcoin/

"Leaker" says Starbucks to accept bitcoin by Thanksgiving.

In the middle of setting up a bitcoin bet involving SeansOutpost for escrow. Off the wall claim just got a little interesting...

lol he "leaked" (aka made up) the info hoping to stop this mad sell off??

MAYBE!

wont work.

but it will bounce, for far more compelling reasons then Starbucks accepting bitcoin.

It's pretty similar to that other "inside information" post on Reddit about Amazon preparing something BIG with Bitcoin back then in May (IIRC)

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

WTF you people do while I was sleeping? You let the bears in?

IS THAT A DOUBLE BOTTOM??? Roll Eyes

CoinDox

full member

Activity: 192

Merit: 100

Quote from: tHash on November 20, 2013, 01:42:47 AM

Quote from: johnblaze on November 20, 2013, 01:33:05 AM

Quote from: jojo69 on November 20, 2013, 01:24:53 AM

Quote from: johnblaze on November 20, 2013, 01:23:34 AM

Quote from: derpinheimer on November 20, 2013, 12:59:01 AM

Not sure why people are pretending Gox doesnt matter? I guess most of you are watching your $ value take a huge drop?

Gox volume is 100% real. China is not.

A 10k sell is nothing to scoff at.

why is China volume not real?

no trade fee

ahhhhh ok

There is real volume in China. The daily trade volume is higher than there would be if there were fees, no doubt. It is impossible to know how much effect it has overall. The "fake volume" crowd is just grasping at straws to try and talk the price down. I hope they keep doing it, we need people to temper the market with FUD or exuberance would run away even worse.

tl;dr It would be really stupid to assume there is no demand for BTC in China . . .

How do you jump from the idea that China's prices are artificially inflated due to no the lack trading fees to saying those people whome think that, think there is no demand for BTC in China?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

believe it or not, i'm going to sleep....
I HOPE bitcoin is 0$ when i wake up, i sold ~~some~~ a truck load and i'm looking to buy back Wink

molecular

donator

Activity: 2772

Merit: 1019

Quote from: jojo69 on November 20, 2013, 01:24:53 AM

Quote from: johnblaze on November 20, 2013, 01:23:34 AM

Quote from: derpinheimer on November 20, 2013, 12:59:01 AM

Not sure why people are pretending Gox doesnt matter? I guess most of you are watching your $ value take a huge drop?

Gox volume is 100% real. China is not.

A 10k sell is nothing to scoff at.

why is China volume not real?

no trade fee

It's still trading at these prices, though. They volume may be "fake", but not the price.

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: byronbb on November 20, 2013, 01:27:20 AM

Gox needs some credit having improved their trade engine greatly.

True!

tHash

sr. member

Activity: 260

Merit: 250

Quote from: johnblaze on November 20, 2013, 01:33:05 AM

Quote from: jojo69 on November 20, 2013, 01:24:53 AM

Quote from: johnblaze on November 20, 2013, 01:23:34 AM

Quote from: derpinheimer on November 20, 2013, 12:59:01 AM

Not sure why people are pretending Gox doesnt matter? I guess most of you are watching your $ value take a huge drop?

Gox volume is 100% real. China is not.

A 10k sell is nothing to scoff at.

why is China volume not real?

no trade fee

ahhhhh ok

There is real volume in China. The daily trade volume is higher than there would be if there were fees, no doubt. It is impossible to know how much effect it has overall. The "fake volume" crowd is just grasping at straws to try and talk the price down. I hope they keep doing it, we need people to temper the market with FUD or exuberance would run away even worse.

tl;dr It would be really stupid to assume there is no demand for BTC in China . . .

BTC4Victory

newbie

Activity: 40

Merit: 0

Quote from: NamelessOne on November 20, 2013, 12:53:13 AM

Quote from: derpinheimer on November 20, 2013, 12:50:27 AM

Quote from: keewee on November 20, 2013, 12:46:32 AM

That was amazing to watch, that volume! This is one ugly picture

https://i.imgur.com/QbIGzN0.png

Damn it, thought that was a "new" capture, not 10 mins old! lol

Looks like recovery starts now; unless more whales come out to play.

China still has 3.5m USD of bids until ~$500.

In Communist China, Bitcoiners actually have balls. Tongue

In Communist China, Bitcoin buys and holds *you*.

johnblaze

sr. member

Activity: 252

Merit: 250

Quote from: jojo69 on November 20, 2013, 01:24:53 AM

Quote from: johnblaze on November 20, 2013, 01:23:34 AM

Quote from: derpinheimer on November 20, 2013, 12:59:01 AM

Not sure why people are pretending Gox doesnt matter? I guess most of you are watching your $ value take a huge drop?

Gox volume is 100% real. China is not.

A 10k sell is nothing to scoff at.

why is China volume not real?

no trade fee

ahhhhh ok

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

I don't want to imply that this Starbucks thing is real, because I don't know, and I'm going to continue acting as though there was no "leak".

But it does make sense. Starbucks has a lot of small transactions and they probably don't enjoy the credit card fees. And it's becoming a big deal; we just saw Senate hearings this week. I can barely believe that's all real.

eBay didn't make sense. It competes with PayPal, which is a major revenue stream for them.

So, we'll see.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: byronbb on November 20, 2013, 01:27:20 AM

Gox needs some credit having improved their trade engine greatly.

please

they make $3.60 on EVERY GODDAMN BITCOIN THAT CHANGES HANDS there

Nemesis

sr. member

Activity: 462

Merit: 250

like my wall so far? Wink

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Gox needs some credit having improved their trade engine greatly.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

BOOMMMM!!!

CoinDox

full member

Activity: 192

Merit: 100

Quote from: tHash on November 20, 2013, 01:18:16 AM

Quote from: CoinDox on November 20, 2013, 01:00:58 AM

Quote from: derpinheimer on November 20, 2013, 12:59:01 AM

Not sure why people are pretending Gox doesnt matter? I guess most of you are watching your $ value take a huge drop?

Gox volume is 100% real. China is not.

A 10k sell is nothing to scoff at.

That and the 1500 wall @ 535... People understand the network is still young. This will DEFINITELY deter new money, which lets face it, is why BTC increase in value in the first place...

Who cares about a 10k sell? One less person with 10k to sell in the future . . . And that 1.5k wall, you think that is anything? Did you see the previous 1.5k get munched just after the big sell? Took less than 5 minutes. I suppose Stamp having 3 mil more in bids than a few days ago is new money running away . . . Have you seen how many people in just this forum are screaming about not being able to get money in fast enough? If I had the coins, I would manipulate this as much as I could too, this is a last stop at these price levels.

You are missing the point here though. Look @ this post https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297 and see how many people ACTUALLY have that many BTC under their control? Then ask yourself. Why would you sell that much wealth? Also, that may have been a little bit of a dumber whale who does not have the discipline to scale out and sell into buying pressure (see action after ATH). Personally, those with the most to lose, usually have the best access to resources that aid their decision making - when they act, I listen, its worked well thus far.

Also, with regards to your mention about Stamp having 3mil more in bids than a few days ago is irrelevant since I am talking about what happens AFTER this moment, not the hype that led to the people making those deposits last week...

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: johnblaze on November 20, 2013, 01:23:34 AM

Quote from: derpinheimer on November 20, 2013, 12:59:01 AM

Not sure why people are pretending Gox doesnt matter? I guess most of you are watching your $ value take a huge drop?

Gox volume is 100% real. China is not.

A 10k sell is nothing to scoff at.

why is China volume not real?

no trade fee

bobdude17

sr. member

Activity: 454

Merit: 250

Quote from: N12 on November 20, 2013, 01:22:37 AM

I remember the last time someone posted as an "Ebay employee" on Reddit saying Ebay was about to accept BTC, and he said he would show some sort of identification asap. He never did.

Hell, I think it was bobdude too who posted this. Are you the one making all this shit up, or do you just keep falling for it?

Quote from: N12 on November 20, 2013, 01:19:04 AM

Nice "leak", as nice as the ebay one. As in, cool pump'n'dump by an anonymous redditor making up shit. How gullible have we become?

Lol yeah that was me. And I believed the last one. Don't shoot the messenger though.

Hypothetically if a large company was considering accepting bitcoin, the Senate hearings might have erased a lot of barriers.

johnblaze

sr. member

Activity: 252

Merit: 250

Quote from: derpinheimer on November 20, 2013, 12:59:01 AM

Not sure why people are pretending Gox doesnt matter? I guess most of you are watching your $ value take a huge drop?

Gox volume is 100% real. China is not.

A 10k sell is nothing to scoff at.

why is China volume not real?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31846. (Read 26712869 times)