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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32311. (Read 26714044 times)

full member
Activity: 196
Merit: 100
Looks like there are no SEPA deposit-queue problems on Bitstamp.
sr. member
Activity: 354
Merit: 251
coinorama.net
bitcoin.de has breached "typical price" all-time-high

what's "typical price"? I don't know.

Bitcoin.de shows as highest price 273 euro (= $368) during the past 30 days (also ATH), is it actually possible to sell bitcoins at that price on bitcoin.de or were those just very tiny orders like 0.001 BTC?

Yes, it is possible to sell/buy at any price. Bitcoin.de works as an escrow for direct user-to-user bank transfers.
Some users may have some motivation (no other bid/sell for a given country, of a certain amount, etc.) to buy/sell at extravagant prices.
legendary
Activity: 1246
Merit: 1000


bitcoin.de has breached "typical price" all-time-high

what's "typical price"? I don't know.

Bitcoin.de shows as highest price 273 euro (= $368) during the past 30 days (also ATH), is it actually possible to sell bitcoins at that price on bitcoin.de or were those just very tiny orders like 0.001 BTC?
hero member
Activity: 518
Merit: 500
Two of those walls on Stamp just disappeared. Market order incoming? Or dump?

Odds are they'll pop up as walls again sooner than later Smiley
sr. member
Activity: 280
Merit: 250
Two of those walls on Stamp just disappeared. Market order incoming? Or dump?

legendary
Activity: 1470
Merit: 1007


bitcoin.de has breached "typical price" all-time-high

what's "typical price"? I don't know.


'typical price' is similar to 'median price' in that it takes the middle value between the extrema of the period (highest price, lowest price), only difference: 'typcial' throws in closing price as well, which is IMO pretty arbitrary, so median is usually more informative.

but, yeah, I noted it as well and made a post yesterday: we've surpassed the previous daily median price ATH, on mtgox and bitstamp. didn't check btc china, but I'll guess there as well Cheesy
hero member
Activity: 894
Merit: 501
big ask walls on btcchina and gox not really getting nibbled. Disappointingly shallow, rapidly recovering dump incoming!
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
What happens when we hit 266?  Huh

You can imagine. A lot of USD trapped on Gox, and an increasing scarcity of coins, which usually preceeds bubbles... See graph below.

After $266 -> to the moon.


Is that really still true though? People have had plenty of time to get their Fiat off Gox, but they didn't. And up until a day ago when I was watching GoxTools regularly, the amount of Fiat on Gox seemed to go UP by a couple million dollars. So, I don't know if that logic really applies anymore or if this price differential just sort of represents the service levels offered by each exchange. 
legendary
Activity: 2324
Merit: 1125
I can't believe I am here again watching Bitcoin price rising towards $266, everything about it seems to be magic.
Magic, only to the uninformed. This was expected.

No Magic the Gathering Wink
sr. member
Activity: 280
Merit: 250
Stamp is really bullish.

legendary
Activity: 1512
Merit: 1005
I can't believe I am here again watching Bitcoin price rising towards $266, everything about it seems to be magic.
Magic, only to the uninformed. This was expected.
full member
Activity: 309
Merit: 100
I have a similar metric on Coinorama.net
Select Bitstamp exchange and look at the Bids/Asks ratio (second chart on the left).
In the settings, disable the normalization to get the Bids/Asks ratio price.
Unfortunately, I currently don't keep track of independent values for Bids sum and Asks sum.
Cheers,

Thanks a lot! This was very helpful Smiley

+1

But the chinese Exchange is missing, that's about 40% of the market....
hero member
Activity: 784
Merit: 1000
I can't believe I am here again watching Bitcoin price rising towards $266, everything about it seems to be magic.
donator
Activity: 1722
Merit: 1036
I have a similar metric on Coinorama.net
Select Bitstamp exchange and look at the Bids/Asks ratio (second chart on the left).
In the settings, disable the normalization to get the Bids/Asks ratio price.
Unfortunately, I currently don't keep track of independent values for Bids sum and Asks sum.
Cheers,

Thanks a lot! This was very helpful Smiley
legendary
Activity: 2380
Merit: 1823
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newbie
Activity: 25
Merit: 0
What happens when we hit 266?  Huh

You can imagine. A lot of USD trapped on Gox, and an increasing scarcity of coins, which usually preceeds bubbles... See graph below.

After $266 -> to the moon.

http://www.blockchained.com/depth_mtgox.png

It would be cool to have this info, but from Bitstamp. Might it be possible?


Btw. you probably realize that it is going UP.

Current value for bitstamp is about 404, I don't have the order book history.
legendary
Activity: 1064
Merit: 1000
the "300-barrier" will look like this:




edit: the knife should have a "made in china" label  Wink



sr. member
Activity: 354
Merit: 251
coinorama.net
What happens when we hit 266?  Huh

You can imagine. A lot of USD trapped on Gox, and an increasing scarcity of coins, which usually preceeds bubbles... See graph below.

After $266 -> to the moon.

It would be cool to have this info, but from Bitstamp. Might it be possible?

Hi,
I have a similar metric on Coinorama.net
Select Bitstamp exchange and look at the Bids/Asks ratio (second chart on the left).
In the settings, disable the normalization to get the Bids/Asks ratio price.
Unfortunately, I currently don't keep track of independent values for Bids sum and Asks sum.
Cheers,
legendary
Activity: 2338
Merit: 2106
What happens when we hit 266?  Huh
Expect large drop (correction) before we hit 266.

I wonder about that, I do agree that you are probably right, but for the Chinese and the new money arriving this week, 266 isn't a psychological barrier at all, 300 is much more so. Also, on what exchange do we consider the 266 to be 'valid'?

But yeah, some whale will probably dump around that level just because.


the "300-barrier" will look like this:




edit: the knife should have a "made in china" label  Wink
legendary
Activity: 2324
Merit: 1125
Stamp $235 Gox $245. China closing in a 1500.

China is completely on par with MtGox for a while. That is a very good sign this is the most accurate price Smiley
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