Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32054.

MikeH

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Quote from: strawbs on November 13, 2013, 04:55:51 AM

although I still can't see why anyone would even consider wiring fiat to Gox right now

I did just before it took off from $200 because I didn't want to send ID to anyone else and thought it would take longer too.. I'd have bought from other sources but they all seemed to be out when I checked.

DiThi

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Firstbits: 1dithi

Quote from: strawbs on November 13, 2013, 04:55:51 AM

although I still can't see why anyone would even consider wiring fiat to Gox right now

I did a SEPA wire recently because I was verified and I wasn't on Bitstamp. Now that I'm verified in BS too, I don't need Gox for anything.

strawbs

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Quote from: MikeH on November 13, 2013, 04:54:07 AM

Quote from: Wary on November 13, 2013, 04:41:18 AM

If new purchases are triggered by old purchases, the doubling time depends on bank's speed. In April it was wire to Gox, which took several days, now it is transfers to btcchina, which is instant.

wires into Gox take around 2 weeks at the moment.

although I still can't see why anyone would even consider wiring fiat to Gox right now

MikeH

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Activity: 406

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Quote from: Wary on November 13, 2013, 04:41:18 AM

If new purchases are triggered by old purchases, the doubling time depends on bank's speed. In April it was wire to Gox, which took several days, now it is transfers to btcchina, which is instant.

wires into Gox take around 2 weeks at the moment.

dserrano5

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Quote from: mccorvic on November 12, 2013, 05:44:23 PM

I hate to break it to ya, but people ~~on the Internet~~ just like to complain in general.

Fixed.

Wary

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Who's there?

If new purchases are triggered by old purchases, the doubling time depends on bank's speed. In April it was wire to Gox, which took several days, now it is transfers to btcchina, which is instant.

Zangelbert Bingledack

legendary

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More consolidation or even a sharp correction wouldn't hurt, as we are either somewhat overbought or quite a lot overbought:

...but we may get a surge instead, just because of momentum and it being mid-week. Trendlines for the current multi-week surge target $500 by late November or mid-December, and given the recent exuberance* we might even hit them earlier.

*though arguably that exuberance is already factored into the red-line trend

foo

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New ATH on Bitstamp! $369

molecular

donator

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Quote from: crazy_rabbit on November 13, 2013, 03:35:23 AM

Quote from: ?? on ??

Wheeey! We're stable! :-)

No, we're undecided. Big difference Wink

gizmoh

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Quote from: Ashitank on November 13, 2013, 03:42:55 AM

Doesn't volume seem quite low post correction build up of price upto ~ 380 ?

Everyone waiting if momentum is gained to breach 400, once a big buys take a nab at it, volume should pick up.

Ashitank

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Doesn't volume seem quite low post correction build up of price upto ~ 380 ?

InwardContour

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Quote from: SheHadMANHands on November 10, 2013, 05:57:08 PM

Quote from: InwardContour on November 10, 2013, 05:51:30 PM

Quote from: freethink2013 on November 10, 2013, 05:41:42 PM

gox people are ultra-bulls because they are willing to take chances because money is almost impossible to get out of there.

stamp are the middle, bit nervous but basically the real average

btc-e are total bears, kills them to be in triple digits

the third point becomes less true in strong rallies and more true in deep corrections.....btc-e traders are definitely a panicky crowd one the trend shows any sign of changing.

Can anyone explain why anyone would sell on Btc-e for less than they could get on Stamp? Is it because of trading between LTC and others or something?

if the end game is not to sell for fiat and exit, then btc-e not peaking as high doesn't matter. it falls deeper on corrections too. when gox bottomed at 300 i was picking up coins at ~250. i trade there for the volatility.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: ?? on ??

Wheeey! We're stable! :-)

solex

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100 satoshis -> ISO code

Quote from: ?? on ??

Quote from: molecular on November 13, 2013, 12:08:43 AM

Quote from: NamelessOne on November 12, 2013, 11:33:24 PM

We appear to be forming a good old Bitcoin triangle, could take another day to start really seeing it. Could bounce off the bottom line again anywhere from 335 to 350 depending on when it hits that zone. Then perhaps... to the moon. Grin

I don't see it (EDIT: the triangle).

I was about to post the moon Wink

Agreed guys. We are seeing a re-run of the formation at $200.

rpietila

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Quote from: oakpacific on November 13, 2013, 01:27:53 AM

Quote

Yeah. If ~~we did not have the undeveloped infrastructure~~ the infrastructure of the banks was up-to-date, people could just easily buy bitcoins, and the price would rise really fast and be already much higher. You can't have it both ways.

Infrastructure......what a fancy name for hobnobbing with dinosaur banks....

fixed

wachtwoord

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History in the making!

600watt

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Quote from: rpietila on November 13, 2013, 01:21:51 AM

Quote from: ?? on ??

Quote from: Odrec on November 13, 2013, 12:21:16 AM

Could it be that the Bitcoin popularity arrived at a bad time? I mean this year the price surged and many people became aware of Bitcoin but looking at the infraestructure that surrounds Bitcoin you can see that it is still in its infancy so I imagine many people who got interested in it at first also got dissapointed when they found all the trouble trading with Bitcoins entails, all the technical stuff surrounding it and the kind of shadyness of many of the services surrounding the virtual coin. For example the noobishness of some of the big exchanges. I can't help but feel that the hype was somehow kind of wasted because of all these problems. Maybe later when the infraestructure is more mature people will adopt it faster and it will become a much bigger phenomenon. What do you think?

This is why the exchange rate is still quite low.

Bitcoin is a marathon, not a sprint.

Yeah. If we did not have the undeveloped infrastructure, people could just easily buy bitcoins, and the price would rise really fast and be already much higher. You can't have it both ways.

yes, it is actually a good thing. if it would have been different, we would not have been able to buy bitcoins so cheap until a month ago. there are so many stages of awareness and adoption. i know bitcoin since 2011 and there are still moments when i discover yet another beautiful feature of bitcoin. it is programmable money, be pepared for plenty surprises. the hype around the price is bitcoins marketing branch. it has no company behind it that can follow marketing strategies. it is left without a marketing budget. the chart is its speaker, and it does its job just fine. bitcoins cumbersomeness towards beginners is not a problem. it gives us the chance to feel like the pros.... Cool

if the story would only have three easy pages, the hype wouldn´t be able to build up this momentum. everything is fine. relax & enjoy. we are making history.

molecular

donator

Activity: 2772

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Quote from: ?? on ??

Quote from: molecular on November 13, 2013, 12:08:43 AM

Quote from: NamelessOne on November 12, 2013, 11:33:24 PM

We appear to be forming a good old Bitcoin triangle, could take another day to start really seeing it. Could bounce off the bottom line again anywhere from 335 to 350 depending on when it hits that zone. Then perhaps... to the moon. Grin

I don't see it (EDIT: the triangle).

I was about to post the moon Wink

Great minds...

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

oakpacific

hero member

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Quote from: rpietila on November 13, 2013, 01:21:51 AM

Quote from: ?? on ??

Quote from: Odrec on November 13, 2013, 12:21:16 AM

Could it be that the Bitcoin popularity arrived at a bad time? I mean this year the price surged and many people became aware of Bitcoin but looking at the infraestructure that surrounds Bitcoin you can see that it is still in its infancy so I imagine many people who got interested in it at first also got dissapointed when they found all the trouble trading with Bitcoins entails, all the technical stuff surrounding it and the kind of shadyness of many of the services surrounding the virtual coin. For example the noobishness of some of the big exchanges. I can't help but feel that the hype was somehow kind of wasted because of all these problems. Maybe later when the infraestructure is more mature people will adopt it faster and it will become a much bigger phenomenon. What do you think?

This is why the exchange rate is still quite low.

Bitcoin is a marathon, not a sprint.

Yeah. If we did not have the undeveloped infrastructure, people could just easily buy bitcoins, and the price would rise really fast and be already much higher. You can't have it both ways.

Infrastructure......what a fancy name for hobnobbing with dinosaur banks....

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