Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31978.

batcoin

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In Gord We Trust

Quote from: Kj1 on November 17, 2013, 07:31:25 AM

Quote from: batcoin on November 17, 2013, 07:27:16 AM

https://i.imgur.com/ul6uNK8.png

the lack of volume pushing us here is disturbing.

at the april peak, the volume was like 10 times bigger but price only doubled...
so I'd assume maybee half the volume of april would be a good thing?

Could the difference be this: the value is going up so people aren't as willing/can't afford to trade as many bitcoins in one go? Also as time marches on bitcoins are being spread among a population that includes people who don't do much trading on exchanges?

The volume isn't so much lower than most of the past year anyway.

I'm just an observer and I have no training in matters such as trading.

Quote from: micalith on November 17, 2013, 07:40:11 AM

That's just Gox loosing its market share. Bitstamp has much higher respective volume, add should be expected

This is also a good point.

jzcjca00

sr. member

Activity: 263

Merit: 250

Quote from: Carlor on November 17, 2013, 07:17:50 AM

Quote from: jzcjca00 on November 17, 2013, 07:08:11 AM

Quote from: Spaceman_Spiff on November 17, 2013, 06:48:53 AM

$500!!!!

looks like the chinese were later after all...

I think the impact of demand from China is overblown. The volume in China is driven by day traders because of the 0% commission rate. I think new U.S. investors with deep pockets are behind most of the recent price increase.

If I were given to conspiracy theories, I would think that the media was scheming to link the price of Bitcoin to made-up Chinese demand, expecting the Chinese government to outlaw Bitcoin, thus creating a big crash.

1) Any reason for your first assumption?
2) Why on earth should the Chinese government outlaw Bitcoins? It's a gift from heaven for Chinese economics. It might get like the nuclear bomb of international economics.

1. I have no proof. I have no secret source from China. When I read things in the lamestream media, I try to read between the lines. I try to figure out what facts they started out with before they started their garbling and slanting process. I'm guessing that they saw reports of high volume at BTCChina and falsely concluded that this must necessarily mean there is high buying demand in China. They probably don't know about the 0% commissions, or don't understand that it would lead to a heavy volume of speculative day trading.

The burden of proof lies on the one who asserts the positive, and I have seen nothing outside of MSM reports to suggest extraordinary demand from China.

2. The Chinese government believes in tight capital controls and has already outlawed other non-government currencies. The best predictor of future behavior is relevant past behavior.

micalith

hero member

Activity: 894

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Quote from: Kj1 on November 17, 2013, 07:31:25 AM

Quote from: batcoin on November 17, 2013, 07:27:16 AM

the lack of volume pushing us here is disturbing.

at the april peak, the volume was like 10 times bigger but price only doubled...
so I'd assume maybee half the volume of april would be a good thing?

That's just Gox loosing its market share. Bitstamp has much higher respective volume, add should be expected

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: Spaceman_Spiff on November 17, 2013, 07:25:39 AM

Quote from: NewLiberty on November 17, 2013, 07:23:37 AM

You are familiar with their position on WoW gold?

I am not, please elaborate.

Encouraged...
They even made prisoners play Warcraft to sell the gold.
Here's an article about the Jixi labor camp.
http://www.theguardian.com/world/2011/may/25/china-prisoners-internet-gaming-scam

The US classifying Bitcoin in the same category as WoW gold was a green light to them.

haightst

newbie

Activity: 42

Merit: 0

Quote from: Taxidermista on November 17, 2013, 07:31:53 AM

We've just reach 350€ at Bitstamp. Fucking awesome...

i just recieved very good news i can't talk about it but this is a very good sign!!!

= /\2014!!!BOOOMMMMM!!!! Grin

Spaceman_Spiff

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Activity: 1638

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₪``Campaign Manager´´₪

Quote from: Taxidermista on November 17, 2013, 07:31:53 AM

We've just reach 350€ at Bitstamp. Fucking awesome...

does stamp trade in euros?

Taxidermista

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Activity: 1148

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We've just reach 350€ at Bitstamp. Fucking awesome...

Kj1

sr. member

Activity: 434

Merit: 250

Quote from: batcoin on November 17, 2013, 07:27:16 AM

the lack of volume pushing us here is disturbing.

at the april peak, the volume was like 10 times bigger but price only doubled...
so I'd assume maybee half the volume of april would be a good thing?

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: Vycid on November 17, 2013, 07:09:38 AM

Quote from: BitchicksHusband on November 17, 2013, 07:00:50 AM

Now the question becomes:

Is this the vertical of the Sigmoid curve or are we ahead of it and due for a major correction like in April?

We are nowhere near the inflection point of the adoption curve. You will know we are getting close if you can order off of Amazon with Bitcoins.

You know we've been able to order off Amazon with Bitcoin for quite a while already, yes? Using Amazon Gyft cards.
http://www.gyft.com/bitcoin/

spooderman

legendary

Activity: 1652

Merit: 1029

30 bucks until 2x old ATH

batcoin

full member

Activity: 238

Merit: 100

In Gord We Trust

How about a little nostalgia?

Looks like he changed his mind since then. Grin

I was tabbed out when we hit $500. Kinda bummed about that cuz I thought he would do something fun and I wanted to catch a screenshot of it on the 2y chart. God look at it! >25000% increase in two years! Cheesy

Spaceman_Spiff

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₪``Campaign Manager´´₪

Quote from: NewLiberty on November 17, 2013, 07:23:37 AM

You are familiar with their position on WoW gold?

I am not, please elaborate.

Zubilica

hero member

Activity: 837

Merit: 1000

China dictates the price now , deal with it.

After US Senat hearings on Monday , we will see where US stands. (1000$/coin will be a day to remember)

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: jzcjca00 on November 17, 2013, 07:08:11 AM

Quote from: Spaceman_Spiff on November 17, 2013, 06:48:53 AM

$500!!!!

looks like the chinese were later after all...

I think the impact of demand from China is overblown. The volume in China is driven by day traders because of the 0% commission rate. I think new U.S. investors with deep pockets are behind most of the recent price increase.

If I were given to conspiracy theories, I would think that the media was scheming to link the price of Bitcoin to made-up Chinese demand, expecting the Chinese government to outlaw Bitcoin, thus creating a big crash.

I don't follow that logic at all. Why would it be outlawed, and even if it were, why would that create a crash?
Why wouldn't they do the opposite and encourage it?
You are familiar with their position on WoW gold?

notthematrix

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CryptoTalk.Org - Get Paid for every Post!

Quote from: Vycid on November 17, 2013, 07:09:38 AM

Quote from: BitchicksHusband on November 17, 2013, 07:00:50 AM

Now the question becomes:

Is this the vertical of the Sigmoid curve or are we ahead of it and due for a major correction like in April?

We are nowhere near the inflection point of the adoption curve. You will know we are getting close if you can order off of Amazon with Bitcoins.

sorry Chineese womwen buy bitchoin for there babys thats the biggest group of inversors see PRESS for more info no crash this will be systen change!
the US only does 2%

Carlor

newbie

Activity: 28

Merit: 0

Quote from: jzcjca00 on November 17, 2013, 07:08:11 AM

Quote from: Spaceman_Spiff on November 17, 2013, 06:48:53 AM

$500!!!!

looks like the chinese were later after all...

I think the impact of demand from China is overblown. The volume in China is driven by day traders because of the 0% commission rate. I think new U.S. investors with deep pockets are behind most of the recent price increase.

If I were given to conspiracy theories, I would think that the media was scheming to link the price of Bitcoin to made-up Chinese demand, expecting the Chinese government to outlaw Bitcoin, thus creating a big crash.

1) Any reason for your first assumption?
2) Why on earth should the Chinese government outlaw Bitcoins? It's a gift from heaven for Chinese economics. It might get like the nuclear bomb of international economics.

haightst

newbie

Activity: 42

Merit: 0

Quote from: Vycid on November 17, 2013, 07:09:38 AM

Quote from: BitchicksHusband on November 17, 2013, 07:00:50 AM

Now the question becomes:

Is this the vertical of the Sigmoid curve or are we ahead of it and due for a major correction like in April?

We are nowhere near the inflection point of the adoption curve. You will know we are getting close if you can order off of Amazon with Bitcoins.

Amazon? Ebay? LOL!! >>try TD AMERITRADE, CHARLES SCHWAB,, = BIG WALL STREET PLAYAZZZ!!!!etc etc etc x1O Cool

/\DOG FREAKS UNITE!!!

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: Vycid on November 17, 2013, 07:09:38 AM

Quote from: BitchicksHusband on November 17, 2013, 07:00:50 AM

Now the question becomes:

Is this the vertical of the Sigmoid curve or are we ahead of it and due for a major correction like in April?

We are nowhere near the inflection point of the adoption curve. You will know we are getting close if you can order off of Amazon with Bitcoins.

+1 we will never sleep in the future.. not that I do now

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: BitchicksHusband on November 17, 2013, 07:00:50 AM

Now the question becomes:

Is this the vertical of the Sigmoid curve or are we ahead of it and due for a major correction like in April?

We are nowhere near the inflection point of the adoption curve. You will know we are getting close if you can order off of Amazon with Bitcoins.

jzcjca00

sr. member

Activity: 263

Merit: 250

Quote from: Spaceman_Spiff on November 17, 2013, 06:48:53 AM

$500!!!!

looks like the chinese were later after all...

I think the impact of demand from China is overblown. The volume in China is driven by day traders because of the 0% commission rate. I think new U.S. investors with deep pockets are behind most of the recent price increase.

If I were given to conspiracy theories, I would think that the media was scheming to link the price of Bitcoin to made-up Chinese demand, expecting the Chinese government to outlaw Bitcoin, thus creating a big crash.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31978. (Read 26608384 times)