Cause Bitstamp is acting strange.
What's up with bitstamp?
Is it down?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32065. (Read 26471829 times)
October 25, 2013, 05:27:46 AM
What's up with bitstamp?
Is it down?
October 25, 2013, 05:27:24 AM
Funny how it goes from 189 to 183 in a burst within minutes, yet 200-199 and 190-189 took forever...do people try to defend a price point and hold it up? (trading noob here)
Your noobishness is excused :-). It's called volume my friend!
October 25, 2013, 05:26:46 AM
Funny how it goes from 189 to 183 in a burst within minutes, yet 200-199 and 190-189 took forever...do people try to defend a price point and hold it up? (trading noob here)
October 25, 2013, 05:26:22 AM
Cause Bitstamp is acting strange.
What's up with bitstamp?
October 25, 2013, 05:25:27 AM
Cause Bitstamp is acting strange.
October 25, 2013, 05:25:02 AM
Why are we going down?
October 25, 2013, 05:23:56 AM
October 25, 2013, 05:19:36 AM
Annnnd it's tipped over into the 180's
October 25, 2013, 05:01:55 AM
October 25, 2013, 04:55:03 AM
This is a little out of date in some respects, but with recent events it may come back sharply into focus soon. I was curious to see just how much Silk Road was contributing to what was a strong underlying growth trend in Bitcoin price - and the answer seems to support the claims that it was almost entirely responsible (more than I expected, see below).
I doubt there's many people that believe Bitcoin got to the current giddy heights through mass adoption or genuine utility, so the next question is what happens to Bitcoin if the factors driving it up there disappear along with Silk Road?
Correlation != causationI doubt there's many people that believe Bitcoin got to the current giddy heights through mass adoption or genuine utility, so the next question is what happens to Bitcoin if the factors driving it up there disappear along with Silk Road?
October 25, 2013, 04:53:46 AM
Increase in ask sum, we are going to test lower grounds, its going to pop soon I believe.
October 25, 2013, 04:22:09 AM
I can sell you these puts.
I'm sorry you got caught in the fray. That was the most sarcastic trade I could think of at the time.
October 25, 2013, 04:10:08 AM
A lot of talk about panic, but the fact is that the bearapocalypse fears faded away, BTC was at $100 a couple of months ago and just a few days ago it was at $130ish.
Even if we correct hard till $165ish, that would be a pretty solid short term uptrend.
If we go below the recent "stable" price of $130ish we might see some anxiety, until then I'm just seeing traders realizing profits but no fear, anxiety or panic whatsoever.
When and if the SEC approves the BTC ETF we can just go one way: up, to the moon. Fingers crossed...
Even if we correct hard till $165ish, that would be a pretty solid short term uptrend.
If we go below the recent "stable" price of $130ish we might see some anxiety, until then I'm just seeing traders realizing profits but no fear, anxiety or panic whatsoever.
When and if the SEC approves the BTC ETF we can just go one way: up, to the moon. Fingers crossed...
October 25, 2013, 04:09:53 AM
A few months later...
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Do you sell 3 month $20USD/BTC Puts? I'd be very interested.
I can sell you these puts.
October 25, 2013, 04:01:59 AM
October 25, 2013, 03:54:27 AM
Can you add one more data point to that chart please?
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A few months later...
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The net take home was Bitcoin is 1% currency and 5% money remittances and 94% a store of value.
It's value is not reflected in the economy but in its potential. If anything I blame the lost year of 2012 to the premature hype created by SR that brought on the June 2011 bubble a few months too soon after rising from $0.008 to $0.08 followed by $0.1 to $1.0
The expectation is we will see a new order of magnitude in evaluation soon. Sell if you must I'm all in this time around.
October 25, 2013, 03:50:49 AM
A few months later...
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Do you sell 3 month $20USD/BTC Puts? I'd be very interested.
October 25, 2013, 03:17:41 AM
Can you add one more data point to that chart please?
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I look forward to subscribing to any of your newsletters.
Attribute: Value
Members: 0
Price: $200
I look forward to subscribing to any of your newsletters.
A few months later...
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Price: $0
October 25, 2013, 03:12:01 AM
This is a little out of date in some respects, but with recent events it may come back sharply into focus soon. I was curious to see just how much Silk Road was contributing to what was a strong underlying growth trend in Bitcoin price - and the answer seems to support the claims that it was almost entirely responsible (more than I expected, see below).
Can you add one more data point to that chart please?
Attribute: Value
Members: 0
Price: $200
I look forward to subscribing to any of your newsletters.
October 25, 2013, 03:05:41 AM
This is a little out of date in some respects, but with recent events it may come back sharply into focus soon. I was curious to see just how much Silk Road was contributing to what was a strong underlying growth trend in Bitcoin price - and the answer seems to support the claims that it was almost entirely responsible (more than I expected, see below).
I doubt there's many people that believe Bitcoin got to the current giddy heights through mass adoption or genuine utility, so the next question is what happens to Bitcoin if the factors driving it up there disappear along with Silk Road?
p.s. I recently got all my money out of gox (via the bitcoin route) after being told by them that it would be 5 weeks before I could get the first 1000 euros out, then 20 days per additional 1000. Apologies if this is already widely known, but the more people that know this the better.
I doubt there's many people that believe Bitcoin got to the current giddy heights through mass adoption or genuine utility, so the next question is what happens to Bitcoin if the factors driving it up there disappear along with Silk Road?
p.s. I recently got all my money out of gox (via the bitcoin route) after being told by them that it would be 5 weeks before I could get the first 1000 euros out, then 20 days per additional 1000. Apologies if this is already widely known, but the more people that know this the better.
Correlation != causation
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