Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32197. (Read 26713218 times)
November 08, 2013, 09:33:50 PM
China is going vertical. Slow it down China...
November 08, 2013, 09:33:23 PM
Should just have been an eye opener and reminder for all guys, which are 100% out of coins.
In btc you should never ever be out of coins, no matter what.
In btc you should never ever be out of coins, no matter what.
November 08, 2013, 09:32:55 PM
So who is still waiting for that crash to $250?? 
I don't see any major consolidation happening until ~$480USD
I don't see any major consolidation happening until ~$480USD
November 08, 2013, 09:32:30 PM
The solution is, it was the run up to 75$. What followed next, everbody knows. 
uhoh, that reminds me of this classic again:
where are we?
edit: oh i missed we have already a poll going on https://bitcointalksearch.org/topic/where-are-we-in-the-bubble-328729
Obviously the "bull trap" part.
November 08, 2013, 09:30:08 PM
The solution is, it was the run up to 75$. What followed next, everbody knows.
uhoh, that reminds me of this classic again:
where are we?
edit: oh i missed we have already a poll going on https://bitcointalksearch.org/topic/where-are-we-in-the-bubble-328729
November 08, 2013, 09:25:39 PM
I wish I was here for the run up to $266, because I would love to know how long traders on here were predicting the top before it actually came.
A lot of people are saying the top is soon and a crash is coming. But, it feels like we are not quite at that epic stage yet.
It feels like either we go down a bit and consolidate for another sustainable run or we keep running at break neck pace until we crash. But that seems like something around or north of $500 at least. Something that just gets wild.
The thing that is throwing me off is China. They are in such a growth curve that either they are pouring massive amounts of liquidity into that market in far excess to what the other exchanges can compete with, or they are going to hit hard and harder a lot faster.
If China continues to widen its lead, if it does have a hard snap back, I wonder if the other exchanges will actually react that strongly to it?
It seems like the exchanges are starting to operate separate from each other.
A lot of people are saying the top is soon and a crash is coming. But, it feels like we are not quite at that epic stage yet.
It feels like either we go down a bit and consolidate for another sustainable run or we keep running at break neck pace until we crash. But that seems like something around or north of $500 at least. Something that just gets wild.
The thing that is throwing me off is China. They are in such a growth curve that either they are pouring massive amounts of liquidity into that market in far excess to what the other exchanges can compete with, or they are going to hit hard and harder a lot faster.
If China continues to widen its lead, if it does have a hard snap back, I wonder if the other exchanges will actually react that strongly to it?
It seems like the exchanges are starting to operate separate from each other.
There maybe one single factor distinguishing China from other nations: people here can use Alipay to send CNY into exchanges(and that's usually what we do), which is instant and with less anti-laundering check and works 24/7, while other nations have to rely on sluggish banks which are open for business for only 30 hours per week. The theoretical liquidity that can be injected into the Chinese exchanges is thus huge.
November 08, 2013, 09:25:30 PM
When you have sold all your coins and are ready for a free fall:
November 08, 2013, 09:20:36 PM
I wish I was here for the run up to $266, because I would love to know how long traders on here were predicting the top before it actually came.
A lot of people are saying the top is soon and a crash is coming. But, it feels like we are not quite at that epic stage yet.
It feels like either we go down a bit and consolidate for another sustainable run or we keep running at break neck pace until we crash. But that seems like something around or north of $500 at least. Something that just gets wild.
The thing that is throwing me off is China. They are in such a growth curve that either they are pouring massive amounts of liquidity into that market in far excess to what the other exchanges can compete with, or they are going to hit hard and harder a lot faster.
If China continues to widen its lead, if it does have a hard snap back, I wonder if the other exchanges will actually react that strongly to it?
It seems like the exchanges are starting to operate separate from each other.
A lot of people are saying the top is soon and a crash is coming. But, it feels like we are not quite at that epic stage yet.
It feels like either we go down a bit and consolidate for another sustainable run or we keep running at break neck pace until we crash. But that seems like something around or north of $500 at least. Something that just gets wild.
The thing that is throwing me off is China. They are in such a growth curve that either they are pouring massive amounts of liquidity into that market in far excess to what the other exchanges can compete with, or they are going to hit hard and harder a lot faster.
If China continues to widen its lead, if it does have a hard snap back, I wonder if the other exchanges will actually react that strongly to it?
It seems like the exchanges are starting to operate separate from each other.
Agreed. Just so much bullish news, in general, and a much better state of affairs than during March/April. Keep in mind that all this time people continue to buy in to the SecondMarket "Trust". That's interesting for (2) reasons, in particular:
(1) This is amounting to 10k+ coins being purchased by the trust every few weeks (maybe even every week now)
(2) These coins can only be bought, and not sold (not till the fund goes liquid, at least)
I actually think Barry at SecondMarket is a bit of a genius with what he's done with this Fund. He was pretty confident he'd get investors, and the money from those investors was almost sure to help drive the price up, and only further support any rally. The more the price goes up, the more his other "sophisticated investors" catch wind and want to jump in... the more we climb. Barry is also a true believer in Bitcoin, and definitely knows that an increasing market cap will only create more incentive for start ups to jump into the space, only draw more media attention, etc.... it all feeds off itself, and helps Bitcoin reach critical mass.
November 08, 2013, 09:20:20 PM
The solution is, it was the run up to 75$. What followed next, everbody knows.
November 08, 2013, 09:11:18 PM
.
But that seems like something around or north of $500 at least. Something that just gets wild.
But that seems like something around or north of $500 at least. Something that just gets wild.
$5000. Wait for hedge funds to enter. Small players right now
November 08, 2013, 09:10:13 PM
To all bears what does this chart say?
November 08, 2013, 09:09:38 PM
Well, we'll only know for sure in a few weeks...
...
...
I can't keep staring at charts for several weeks goddamn it!!
...
...
I can't keep staring at charts for several weeks goddamn it!!
Could be a bad one over the weekend, looks like this has steadied out though. Wondering about BTCChina, there seem to be a lot of back and forth trades doing nothing but create volume, maybe just invisible walls there :/ That exchange is strange that way, it's nearly empty yet it stays more stable than the USD exchanges.
Seems no one want to sell in BTCChina, and there're only less than 2274B in the ask side, but the daily volume is 66693B. Really interesting.
Edit: back to 2623B in ask now.
November 08, 2013, 09:09:00 PM
I wish I was here for the run up to $266, because I would love to know how long traders on here were predicting the top before it actually came.
A lot of people are saying the top is soon and a crash is coming. But, it feels like we are not quite at that epic stage yet.
It feels like either we go down a bit and consolidate for another sustainable run or we keep running at break neck pace until we crash. But that seems like something around or north of $500 at least. Something that just gets wild.
The thing that is throwing me off is China. They are in such a growth curve that either they are pouring massive amounts of liquidity into that market in far excess to what the other exchanges can compete with, or they are going to hit hard and harder a lot faster.
If China continues to widen its lead, if it does have a hard snap back, I wonder if the other exchanges will actually react that strongly to it?
It seems like the exchanges are starting to operate separate from each other.
A lot of people are saying the top is soon and a crash is coming. But, it feels like we are not quite at that epic stage yet.
It feels like either we go down a bit and consolidate for another sustainable run or we keep running at break neck pace until we crash. But that seems like something around or north of $500 at least. Something that just gets wild.
The thing that is throwing me off is China. They are in such a growth curve that either they are pouring massive amounts of liquidity into that market in far excess to what the other exchanges can compete with, or they are going to hit hard and harder a lot faster.
If China continues to widen its lead, if it does have a hard snap back, I wonder if the other exchanges will actually react that strongly to it?
It seems like the exchanges are starting to operate separate from each other.
November 08, 2013, 09:07:22 PM
Single ask positions over 20 BTC first 1000 trades on bitstamp:
Code:
[['342.87', '31.27000000'], ['346.00', '33.89701764'], ['348.00', '430.00000000'], ['348.84', '25.00000000'], ['348.85', '25.00000000'], ['349.01', '25.00000000'], ['349.40', '42.24239569'], ['349.45', '65.87504488'], ['349.49', '25.00000000'], ['349.49', '42.65254549'], ['349.50', '2000.00000000'], ['349.60', '46.24102156'], ['349.89', '46.75418729'], ['350.00', '50.00000000'], ['350.00', '32.00000000'], ['350.12', '50.00000000'], ['354.68', '135.00000000'], ['359.01', '25.00000000'], ['360.00', '50.00000000'], ['365.00', '27.55000000'], ['365.00', '40.00000000'], ['372.41', '135.00000000'], ['374.45', '100.00000000'], ['374.80', '1141.92241336'], ['375.00', '117.00000000'], ['375.00', '134.06194029'], ['380.00', '1000.00000000'], ['396.75', '41.06320000'], ['398.00', '25.73871357'], ['398.00', '20.19296502'], ['399.97', '50.00000000'], ['400.00', '61.78000000'], ['402.00', '49.00000000'], ['404.00', '191.82501788'], ['410.00', '39.69804719'], ['411.84', '27.00000000'], ['439.20', '30.00000000'], ['448.00', '30.00000000'], ['450.00', '31.22425221'], ['480.00', '50.00000000'], ['502.00', '1000.00000000'], ['650.00', '46.50000000'], ['1000.00', '96.00000000'], ['1045.00', '25.00000000'], ['1347.00', '25.00000000'], ['1785.00', '25.00000000'], ['1840.00', '25.00000000'], ['2146.00', '25.00000000']]
November 08, 2013, 09:07:06 PM
wow, approaching that wall @ 350 on stamp pretty quick.
wont last for long if we continue like this.
wont last for long if we continue like this.
November 08, 2013, 09:02:44 PM
The problem is that there's only 3000B in BTCChina, less than 10000B in bitstamp, and 10000B in Mt.Gox. I think currently the main reason of sky-rocketing is short of supply. Where're the sellers? Is it true that those who have huge amount are afraid to sell in the open market due to the identification verification?
If you look carefully, Gox's wall was always reinforced after it has been eaten into, at a time I saw only about 6000 BTCs on the ask side.
November 08, 2013, 09:01:36 PM
November 08, 2013, 08:52:22 PM
The problem is that there's only 3000B in BTCChina, less than 10000B in bitstamp, and 10000B in Mt.Gox. I think currently the main reason of sky-rocketing is short of supply. Where're the sellers? Is it true that those who have huge amount are afraid to sell in the open market due to the identification verification?
If you look carefully, Gox's wall was always reinforced after it has been eaten into, at a time I saw only about 6000 BTCs on the ask side.
November 08, 2013, 08:48:05 PM
The problem is that there's only 3000B in BTCChina, less than 10000B in bitstamp, and 10000B in Mt.Gox. I think currently the main reason of sky-rocketing is short of supply. Where're the sellers? Is it true that those who have huge amount are afraid to sell in the open market due to the identification verification?
November 08, 2013, 08:44:32 PM
xxx's law: People forgive the ineptness of a certain exchange when it keeps showing high price on the ticker.
Nah, you see lots of quotes from the different exchanges and everyone will tell you Gox isn't the end all be all. Its just the highest. Very different from the attitude in April.
It has been a while since I last heard people talking about it, everyone has a threshold of sanity.
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