Can I also add to the conversation that fact that one of the most popular (and profitable) btc gambling sites went down MOMENTS into the first big crash from 900 levels on gox? I refer to primedice.
Some suspect he absconded with the funds and sold when he could https://bitcointalk.org/index.php?topic=208986.2140 (I know some may think of the commenter as a troll, but there is often truth hidden within the "spam" of some people). If that and the fact that some very established members have sold the majority of their holdings tells you nothing about what is will happen within the next little while... Well you are on your own.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31954. (Read 26731493 times)
November 20, 2013, 02:12:58 AM
November 20, 2013, 02:12:52 AM
November 20, 2013, 02:11:47 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.
Someone gets it!
So, while the manipulators were hard at work at Gox, why did they not paint red tape in China, creating the illusion of incredible selling pressure? That would have helped drop the price quite a bit more. It could be done, but how much is it actually done? All we can do is speculate, and speculation by very nature is wrong at least as much as it is right.
November 20, 2013, 02:05:44 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.
Someone gets it!
November 20, 2013, 02:03:59 AM
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?
Some have said as much. They have been saying it trying to "scare" the price down for some time. They have also said that they think it is mostly westerners who trade there, which is crazy talk. Not that some don't . . .
November 20, 2013, 01:59:58 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.
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?
Price has nothing to do with it, this is about volume. You could say that volume is inflated due to no trading fee and I kinda agree with that, but you can also compare the recent volume with the volume on BTCChina 6 months ago and it's a lot higher now. If the volume is inflated now there is no reason to believe it would be any different 6 months ago, so you can definitely make a good case that the 'real' volume has actually increased a lot.
November 20, 2013, 01:56:58 AM
alert alert .. stamp lag .. stamp lag .. please call the authorities .. alert alert!
November 20, 2013, 01:53:46 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.
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?
November 20, 2013, 01:52:24 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.
November 20, 2013, 01:52:04 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...
"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)
November 20, 2013, 01:51:33 AM
WTF you people do while I was sleeping? You let the bears in?
IS THAT A DOUBLE BOTTOM???
IS THAT A DOUBLE BOTTOM???
November 20, 2013, 01:50:07 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.
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?
November 20, 2013, 01:45:39 AM
believe it or not, i'm going to sleep....
I HOPE bitcoin is 0$ when i wake up, i soldsome a truck load and i'm looking to buy back 
I HOPE bitcoin is 0$ when i wake up, i sold
November 20, 2013, 01:44:54 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.
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.
November 20, 2013, 01:42:54 AM
Gox needs some credit having improved their trade engine greatly.
True!
November 20, 2013, 01:42:47 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.
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 . . .
November 20, 2013, 01:37:25 AM
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, Bitcoin buys and holds *you*.
November 20, 2013, 01:33:05 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.
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
November 20, 2013, 01:31:42 AM
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.
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.
November 20, 2013, 01:28:57 AM
Gox needs some credit having improved their trade engine greatly.
please
they make $3.60 on EVERY GODDAMN BITCOIN THAT CHANGES HANDS there
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