Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32353. (Read 26469804 times)
August 30, 2013, 06:02:04 PM
August 30, 2013, 06:01:27 PM
ya mtgox had more market share back them
they have been losing market share ever since may.
I get it. It's just that you only showed Bitstamp...... which really doesn't say much about volume in April. they have been losing market share ever since may.
August 30, 2013, 05:58:07 PM
Volume going down and price going up based almost solely on mega whale buys interrupted by days or even weeks of almost no volume is a terrible sign for most stocks. This shit happens all the time in scammy penny stocks. Whales left holding the bag trying to exit. It is not pretty.
Very risky indeed but also an excellent opportunity.
Good luck calling the top. it will turn on a dime and may crumble a lot faster than before
August 30, 2013, 05:56:56 PM
Volume going down and price going up based almost solely on mega whale buys interrupted by days or even weeks of almost no volume is a terrible sign for most stocks. This shit happens all the time in scammy penny stocks. Whales left holding the bag trying to exit. It is not pretty.
Very risky indeed but also an excellent opportunity.
August 30, 2013, 05:55:56 PM
guys, whatever..
The bottom line: there is NO reason to believe fiat is flowing in (to Gox or its competition) at anywhere near the rate it is leaving the system entirely. This means rapid boom, then another burst. This will be worse than last April.
Bitstamp's occasional higher volume over gox is meaningless in the larger picture of fiat in the system. On gox, i see 5.5 million USD to $100 (from $138), on Bitstamp it is under 800k USD to $100 (from $125). That is hilarious. Bitstamp and the competition are just portals to cash out. ffs.
wake up ppl. Everyone wants out. Only way out is to buy.
The bottom line: there is NO reason to believe fiat is flowing in (to Gox or its competition) at anywhere near the rate it is leaving the system entirely. This means rapid boom, then another burst. This will be worse than last April.
Bitstamp's occasional higher volume over gox is meaningless in the larger picture of fiat in the system. On gox, i see 5.5 million USD to $100 (from $138), on Bitstamp it is under 800k USD to $100 (from $125). That is hilarious. Bitstamp and the competition are just portals to cash out. ffs.
wake up ppl. Everyone wants out. Only way out is to buy.
want me to make a poll?
In the official bitcoin forums, filled with irrational turbo-bulls? No thx
August 30, 2013, 05:52:31 PM
guys, whatever..
The bottom line: there is NO reason to believe fiat is flowing in (to Gox or its competition) at anywhere near the rate it is leaving the system entirely. This means rapid boom, then another burst. This will be worse than last April.
Bitstamp's occasional higher volume over gox is meaningless in the larger picture of fiat in the system. On gox, i see 5.5 million USD to $100 (from $138), on Bitstamp it is under 800k USD to $100 (from $125). That is hilarious. Bitstamp and the competition are just portals to cash out. ffs.
wake up ppl. Everyone wants out. Only way out is to buy.
The bottom line: there is NO reason to believe fiat is flowing in (to Gox or its competition) at anywhere near the rate it is leaving the system entirely. This means rapid boom, then another burst. This will be worse than last April.
Bitstamp's occasional higher volume over gox is meaningless in the larger picture of fiat in the system. On gox, i see 5.5 million USD to $100 (from $138), on Bitstamp it is under 800k USD to $100 (from $125). That is hilarious. Bitstamp and the competition are just portals to cash out. ffs.
wake up ppl. Everyone wants out. Only way out is to buy.
want me to make a poll?
August 30, 2013, 05:52:00 PM
The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.
Parabolic Rise 2.0, Yes please
Parabolic Rise 2.0, Yes please
Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day.
So you're saying that trading volume on MtGox has gone down since April? Gosh who would have thought that after all the Gox screw ups since then? This is really big news to us all...
Volume going down and price going up based almost solely on mega whale buys interrupted by days or even weeks of almost no volume is a terrible sign for most stocks. This shit happens all the time in scammy penny stocks. Whales left holding the bag trying to exit. It is not pretty.
August 30, 2013, 05:49:27 PM
The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.
Parabolic Rise 2.0, Yes please
Parabolic Rise 2.0, Yes please
Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day.
So you're saying that trading volume on MtGox has gone down since April? Gosh who would have thought that after all the Gox screw ups since then? This is really big news to us all...
August 30, 2013, 05:47:33 PM
guys, whatever..
The bottom line: there is NO reason to believe fiat is flowing in (to Gox or its competition) at anywhere near the rate it is leaving the system entirely. This means rapid boom, then another burst. This will be worse than last April.
Bitstamp's occasional higher volume over gox is meaningless in the larger picture of fiat in the system. On gox, i see 5.5 million USD to $100 (from $138), on Bitstamp it is under 800k USD to $100 (from $125). That is hilarious. Bitstamp and the competition are just portals to cash out. ffs.
wake up ppl. Everyone wants out. Only way out is to buy.
The bottom line: there is NO reason to believe fiat is flowing in (to Gox or its competition) at anywhere near the rate it is leaving the system entirely. This means rapid boom, then another burst. This will be worse than last April.
Bitstamp's occasional higher volume over gox is meaningless in the larger picture of fiat in the system. On gox, i see 5.5 million USD to $100 (from $138), on Bitstamp it is under 800k USD to $100 (from $125). That is hilarious. Bitstamp and the competition are just portals to cash out. ffs.
wake up ppl. Everyone wants out. Only way out is to buy.
August 30, 2013, 05:46:06 PM
The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.
Parabolic Rise 2.0, Yes please
Parabolic Rise 2.0, Yes please
Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day.
ya mtgox had more market share back them
they have been losing market share ever since may.
August 30, 2013, 05:44:24 PM
The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.
Parabolic Rise 2.0, Yes please
Parabolic Rise 2.0, Yes please
Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day.
August 30, 2013, 05:40:37 PM
The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.
Parabolic Rise 2.0, Yes please
Parabolic Rise 2.0, Yes please
Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day.
Lying does not help your case.
Since the price was only ~130 for a short while during the run up, I did 2 weeks until the 9th [10th/11th screwed up volume chart legibility.. for obvious reasons] and 2 weeks until today. Both @ 6hr intervals. Clear differences.
August 30, 2013, 05:37:49 PM
The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.
Parabolic Rise 2.0, Yes please
Parabolic Rise 2.0, Yes please
Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day.
Bitstamp.... is a joke. Laughable depth. No one keeps fiat there. Also your chart doesn't give good indication of daily volume. Also, only thing it shows is correlation w/ Gox's demise. We all know that is happening.
My point is Fiat is leaving gox and leaving the system. Your chart and Bitstamp's depth actually supports my theory. Thanks.
bitstamps is 23% of the market
quit being wrong
On certain days...
Why is the bid depth so pathetic compared to gox? How do you explain that one?
you are delusional ?
or maybe its me
August 30, 2013, 05:33:59 PM
The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.
Parabolic Rise 2.0, Yes please
Parabolic Rise 2.0, Yes please
Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day.
Bitstamp.... is a joke. Laughable depth. No one keeps fiat there. Also your chart doesn't give good indication of daily volume. Also, only thing it shows is correlation w/ Gox's demise. We all know that is happening.
My point is Fiat is leaving gox and leaving the system. Your chart and Bitstamp's depth actually supports my theory. Thanks.
bitstamps is 23% of the market
quit being wrong
On certain days...
Why is the bid depth so pathetic compared to gox? How do you explain that one?
August 30, 2013, 05:33:16 PM
bid sum/ask sum WOW
This does not illustrate demand. This shows how terrified people are of fiat on gox. They aren't moving coins to sell, despite the bid premium they could have. GEE I WONDER WHY!
August 30, 2013, 05:32:33 PM
The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.
Parabolic Rise 2.0, Yes please
Parabolic Rise 2.0, Yes please
Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day.
Bitstamp.... is a joke. Laughable depth. No one keeps fiat there. Also your chart doesn't give good indication of daily volume. Also, only thing it shows is correlation w/ Gox's demise. We all know that is happening.
My point is Fiat is leaving gox and leaving the system. Your chart and Bitstamp's depth actually supports my theory. Thanks.
bitstamps is 23% of the market
quit being wrong
August 30, 2013, 05:31:10 PM
The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.
Parabolic Rise 2.0, Yes please
Parabolic Rise 2.0, Yes please
Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day.
Bitstamp.... is a joke. Laughable depth. No one keeps fiat there. Also your chart doesn't give good indication of daily volume. Also, only thing it shows is correlation w/ Gox's demise. We all know that is happening.
My point is Fiat is leaving gox and the bitcoin economy entirely. Your chart and Bitstamp's depth actually supports my theory. Thanks.
August 30, 2013, 05:29:33 PM
bid sum/ask sum WOW
August 30, 2013, 05:29:26 PM
The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.
Parabolic Rise 2.0, Yes please
Parabolic Rise 2.0, Yes please
Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day.
August 30, 2013, 05:29:02 PM
I suppose that someone were trying to buy quietly like twins did last year, but they could not get enough coin by normal limit order. As soon as a bid wall raised, the ask wall will raise too, resulting poor excute price. The only way to buy a lot of coin is to suddenly eat up all the ask walls above. This is the same as people selling stocks in a very illiquid market, to sell enough amount of stock, you must sell as quick as possible so that the buyers don't have a chance to run away
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