Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32157.

bobdude17

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Activity: 454

Merit: 250

Quote from: EuroTrash on October 18, 2013, 09:36:53 PM

There is very little volume so price is going up fast with only a few buys and no asks. I am condescending if I say where such behaviour usually leads to?

Or maybe a few entities with deep pockets are staging some hell of a crash in order to harm the bitcoin economy.

Meworries

Why? What did you expect to happen? If everybody thinks that bitcoin will be worth so much more in the future, they will hold until they think a fair price for their coins are reached. This is how the meltup will happen.

Bitcoins are insanely undervalued right now, they are acting accordingly.

notme

legendary

Activity: 1904

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We have 5 waves up from $65. Elliot would say we need an ABC before we can go too much higher, but bitcoin is bitcoin so we may just rocket for the fun of it. That said, there have been some pretty effective bear raids lately, so there is a chance there may be a few btc to be gained by a well timed sell.

chriswilmer

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960... the Chinese rocket is taking off without us!

Walsoraj

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Ultranode

Quote from: SheHadMANHands on October 18, 2013, 09:29:41 PM

Quote from: justusranvier on October 18, 2013, 09:27:40 PM

Quote from: spooderman on October 18, 2013, 09:21:33 PM

yes but I think USD volume is more relevant than BTC.

What that chart shows is that there is that the market for exchanges is become more diversified.

If you've just been watching Mt Gox volume over the last 6 months you'd think that less trading was going on over time, but actually the same amount of trading is happening - it's just being more evenly spread out among the exchanges.

Yes, bold is a GREAT thing.

Incorrect. The market has fractured, not diversified. Fracturing makes manipulating the price easier.

EuroTrash

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Activity: 728

Merit: 500

There is very little volume so price is going up fast with only a few buys and no asks. I am condescending if I say where such behaviour usually leads to?

Or maybe a few entities with deep pockets are staging some hell of a crash in order to harm the bitcoin economy.

Meworries

adamstgBit

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Activity: 1904

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Trusted Bitcoiner

damn its moving up again! Shocked

bobdude17

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Activity: 454

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Quote from: adamstgBit on October 18, 2013, 09:34:57 PM

china makes a new high, 953

lol 957 now

adamstgBit

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Trusted Bitcoiner

china makes a new high, 953

bobdude17

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Activity: 454

Merit: 250

China is on the move!

derpinheimer

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Activity: 896

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Quote from: justusranvier on October 18, 2013, 09:27:40 PM

Quote from: spooderman on October 18, 2013, 09:21:33 PM

yes but I think USD volume is more relevant than BTC.

What that chart shows is that there is that the market for exchanges is become more diversified.

If you've just been watching Mt Gox volume over the last 6 months you'd think that less trading was going on over time, but actually the same amount of trading is happening - it's just being more evenly spread out among the exchanges.

Not really. Gox volume is down a ton. Other USD exchanges up slightly. China has gained quite a bit, but not enough to cover for the death of magic the gathering online exchange.

SheHadMANHands

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Quote from: justusranvier on October 18, 2013, 09:27:40 PM

Quote from: spooderman on October 18, 2013, 09:21:33 PM

yes but I think USD volume is more relevant than BTC.

What that chart shows is that there is that the market for exchanges is become more diversified.

If you've just been watching Mt Gox volume over the last 6 months you'd think that less trading was going on over time, but actually the same amount of trading is happening - it's just being more evenly spread out among the exchanges.

Yes, bold is a GREAT thing.

justusranvier

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Activity: 1400

Merit: 1013

Quote from: spooderman on October 18, 2013, 09:21:33 PM

yes but I think USD volume is more relevant than BTC.

What that chart shows is that there is that the market for exchanges is become more diversified.

If you've just been watching Mt Gox volume over the last 6 months you'd think that less trading was going on over time, but actually the same amount of trading is happening - it's just being more evenly spread out among the exchanges.

wobber

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Activity: 1064

Merit: 1001

Guys, let's step back a bit and calmly analyze this price climb thoroughly and not jump to conclusions.

I would say that such prince swings are solid evidence that indeed, we are going to the moon and land there. By no circumstances we will be back, ever, into the triple digits again, after the next few hours.

SheHadMANHands

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Merit: 1000

Quote from: EuroTrash on October 18, 2013, 09:19:22 PM

I'm just thinking that when everyone's partying and there are no bears left I start smelling blood.

In other words I see no reason for this price move up. Baidu news? Naah, that address only got a few transactions and lots of spam.
So wtf is going on? To da moon? new paradigm? 300kUSD/xBT? The singularity? Don't think so.

Huh

Time to move some coins from cold walled to Stamp.

Media Attention > New Users/Speculators > Price Goes Up

It's not complicated.

Also, "lol" if you think Baidu news is about them making a killing off people paying with bitcoin from the get-go. It's about acceptance of the technology, and, again, more media attention/worldwide coverage..

spooderman

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Quote from: justusranvier on October 18, 2013, 09:16:20 PM

Quote from: spooderman on October 18, 2013, 09:12:50 PM

What about volume though? Back in April it was 10m to 45m a day. We are at best between 5-10m a day. Stamp down in the tens of thousands only. Think we became more of a niche?

If you exclude the months of March and April this year, the total BTC volume traded on exchanges has been remarkably stable over the last two years (measured in BTC per month):

http://data.bitcoinity.org/#caaaaafiaa

yes but I think USD volume is more relevant than BTC.

Quote from: EuroTrash on October 18, 2013, 09:19:22 PM

I'm just thinking that when everyone's partying and there are no bears left I start smelling blood.

In other words I see no reason for this price move up. Baidu news? Naah, that address only got a few transactions and lots of spam.
So wtf is going on? To da moon? new paradigm? 300kUSD/xBT? The singularity? Don't think so.

Huh

Time to move some coins from cold walled to Stamp.

That's the spirit!

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: keewee on October 18, 2013, 09:17:25 PM

Quote from: wobber on October 18, 2013, 09:15:27 PM

169.72

Going to sleep only after surpasses 170!

No you won't Tongue

Never had so much fun since I was with those four Playboy blonde models on the beach.

EuroTrash

hero member

Activity: 728

Merit: 500

I'm just thinking that when everyone's partying and there are no bears left I start smelling blood.

In other words I see no reason for this price move up. Baidu news? Naah, that address only got a few transactions and lots of spam.
So wtf is going on? To da moon? new paradigm? 300kUSD/xBT? The singularity? Don't think so.

Huh

Time to move some coins from cold walled to Stamp.

keewee

legendary

Activity: 1025

Merit: 1000

Quote from: wobber on October 18, 2013, 09:15:27 PM

169.72

Going to sleep only after surpasses 170!

No you won't Tongue

justusranvier

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Activity: 1400

Merit: 1013

Quote from: spooderman on October 18, 2013, 09:12:50 PM

What about volume though? Back in April it was 10m to 45m a day. We are at best between 5-10m a day. Stamp down in the tens of thousands only. Think we became more of a niche?

If you exclude the months of March and April this year, the total BTC volume traded on exchanges has been remarkably stable over the last two years (measured in BTC per month):

http://data.bitcoinity.org/#caaaaafiaa

wobber

legendary

Activity: 1064

Merit: 1001

169.72

Going to sleep only after surpasses 170!

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