Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32104. (Read 26472339 times)
October 23, 2013, 01:18:45 PM
Gox is going insane. No way this can last without a pullback, bitstamp and cny are remaining stagnant.
October 23, 2013, 01:13:55 PM
The 1btc sell bot is at it again...
October 23, 2013, 01:02:51 PM
Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.
maybe there is a service called "baidu trends"?
Zero trade fees in china is fueling this pump/fake-rally.
Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market.
Sure you can manipulate volume. How will that help in manipulating price?
October 23, 2013, 01:02:10 PM
October 23, 2013, 12:58:16 PM
Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.
maybe there is a service called "baidu trends"?
Zero trade fees in china is fueling this pump/fake-rally.
Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market.
Sure you can manipulate volume. How will that help in manipulating price? I guess you can pick where, within the spread, the "last" price was. So? The spread isn't hundreds of yuan.
October 23, 2013, 12:53:55 PM
Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.
maybe there is a service called "baidu trends"?
Zero trade fees in china is fueling this pump/fake-rally.
Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market.
I originally thought that Wal's posts were all sarcastic. Now I realize he isn't all that bright.
October 23, 2013, 12:53:35 PM
Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.
maybe there is a service called "baidu trends"?
Zero trade fees in china is fueling this pump/fake-rally.
Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market.
October 23, 2013, 12:51:39 PM
Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.
maybe there is a service called "baidu trends"?
Zero trade fees in china is fueling this pump/fake-rally.
Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market.
October 23, 2013, 12:44:24 PM
What worries me the most is Gox is leading the pump atm. China and stamp are reluctant to move forward. Since Goxusd is stuck, this is skewed.
China is moving up again but slowly, for now. I posted the chart that shows the trend in the China wall thread.
October 23, 2013, 12:41:06 PM
What worries me the most is Gox is leading the pump atm. China and stamp are reluctant to move forward. Since Goxusd is stuck, this is skewed.
Yeah man, it's going up WAYYYY too slow! It should be going up at least $50/day or else we're gonna stall out. OMGz
October 23, 2013, 12:39:21 PM
bitstamp cant break 200, just yet.
once that goes down.. man... 266 all around here we come.
Then 150$ crash here we come !!! once that goes down.. man... 266 all around here we come.
October 23, 2013, 12:38:45 PM
Will the fact that everyone wants cheap coins prevent the price from tanking too far?
Exactly, like everyone waiting for sub 50 coins last time, we might just remain in 3 digit figures post bubble.
October 23, 2013, 12:38:14 PM
What worries me the most is Gox is leading the pump atm. China and stamp are reluctant to move forward. Since Goxusd is stuck, this is skewed.
Yeah man, it's going up WAYYYY too slow! It should be going up at least $50/day or else we're gonna stall out. OMGz
October 23, 2013, 12:35:18 PM
What worries me the most is Gox is leading the pump atm. China and stamp are reluctant to move forward. Since Goxusd is stuck, this is skewed.
October 23, 2013, 12:16:03 PM
Will the fact that everyone wants cheap coins prevent the price from tanking too far?
I predict it will crash between 260 and 300$ . But I also predict it will reach 250$ easily. On what are based my predictions ? NOTHING !!
October 23, 2013, 12:14:49 PM
Will the fact that everyone wants cheap coins prevent the price from tanking too far?
October 23, 2013, 12:11:46 PM
Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.
maybe there is a service called "baidu trends"?
Zero trade fees in china is fueling this pump/fake-rally.
FYI, price is higher on Gox than on btcchina,at least for today's rally. So its not only china's pump.
October 23, 2013, 12:02:05 PM
October 23, 2013, 12:01:28 PM
At first consideration I can't see how money out of circulation can 'cause speculative boom and bust cycles'. Are you suggesting fear of hoarders dumping feeds busts? Surely if these nasty hoarders/long-term-speculators/savers selflessly did something with their coin so that they are in circulation, after the adjustment in price we'd be subject to the same cyclic upward and downward pressures - and we would be forever fearing someone new isn't going to come in and hoard loads (thus exposing us to the same supposed problems).
Can't we just accept it is going to go up and down quite drastically for some time because it is very small and someone with a reasonable amount of money can move the market quite significantly? That's just the way it is until 'market cap' is much much higher - and in order to get there the value has to rise - and due to human nature it IS NOT going to rise nice and smoothly to provide the ideal adoption-for-transactions circumstances you desire. It is simply what it is!
it is called a liquidity trap, which in btc's case diminishes the network effect thus lowering tx and overall network value.
anyway i am writing all this down to see if my analysis turns out wrong or right 3 to 6 months out and there is a reversal. if it is wrong then i have to rethink. if it turns out right then i'll feel good about getting it right.
Though not an economist I'm not convinced what you are describing is called a liquidity trap, nor can I see how a limited available amount of bitcoins in circulation diminishes the 'network effect'. Would you care to elaborate?
i actually have to get back to writing a paper otherwise I would. Anyway this is all conjecture at this point, I'll know in a few months when the tx and price data is available.
October 23, 2013, 11:33:25 AM
At first consideration I can't see how money out of circulation can 'cause speculative boom and bust cycles'. Are you suggesting fear of hoarders dumping feeds busts? Surely if these nasty hoarders/long-term-speculators/savers selflessly did something with their coin so that they are in circulation, after the adjustment in price we'd be subject to the same cyclic upward and downward pressures - and we would be forever fearing someone new isn't going to come in and hoard loads (thus exposing us to the same supposed problems).
Can't we just accept it is going to go up and down quite drastically for some time because it is very small and someone with a reasonable amount of money can move the market quite significantly? That's just the way it is until 'market cap' is much much higher - and in order to get there the value has to rise - and due to human nature it IS NOT going to rise nice and smoothly to provide the ideal adoption-for-transactions circumstances you desire. It is simply what it is!
it is called a liquidity trap, which in btc's case diminishes the network effect thus lowering tx and overall network value.
anyway i am writing all this down to see if my analysis turns out wrong or right 3 to 6 months out and there is a reversal. if it is wrong then i have to rethink. if it turns out right then i'll feel good about getting it right.
Though not an economist I'm not convinced what you are describing is called a liquidity trap, nor can I see how a limited available amount of bitcoins in circulation diminishes the 'network effect'. Would you care to elaborate?
Jump to: