Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32422.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: solex on August 17, 2013, 12:32:49 AM

A tsunami of buying pressure and a record number of transactions yesterday:
https://blockchain.info/charts/n-transactions

Bitcoin looking to maintain its 4-year trend in spectacular style...

to be fair: the record number of tx is from people moving stuff from their possibly compromisable android-generated privkeys.

Tzupy

legendary

Activity: 2156

Merit: 1094

Quote from: ElectricMucus on August 17, 2013, 11:23:43 AM

Market is starting to look erratic, capitulation is coming.

So, do you believe we are in wave B now? That was my theory, but the higher top 2 days ago made me doubt it.
My theory is that the Elliot wave pattern has a rising base, due to the BTC withdrawals from MtGox.
So the peak of August 1st was the real wave 5, and the peak of August 15 was wave B's top.
But capitulation is associated with cash-out. If the main way to cash out of Gox is via BTC purchase,
can't we see 5 capitulation sub-waves that move the price up instead of down?

ElectricMucus

legendary

Activity: 1666

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Marketing manager - GO MP

Quote from: ?? on ??

Quote from: ElectricMucus on August 17, 2013, 11:59:38 AM

Quote from: ?? on ??

Quote from: Walsoraj on August 17, 2013, 11:56:24 AM

He means we are going to 180 by monday. it is certain.

He means he is short and wants it to go down Grin

Even this wouldn't stop it at that point.

lol

Look at the time periods, they are becoming shorter. Once they are below a certain threshold price collapses.

ElectricMucus

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Activity: 1666

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Marketing manager - GO MP

Quote from: ?? on ??

Quote from: Walsoraj on August 17, 2013, 11:56:24 AM

He means we are going to 180 by monday. it is certain.

He means he is short and wants it to go down Grin

Even this wouldn't stop it at that point.

Spaceman_Spiff

legendary

Activity: 1638

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₪``Campaign Manager´´₪

Quote from: ElectricMucus on August 17, 2013, 11:48:52 AM

Quote from: Wekkel on August 17, 2013, 11:42:06 AM

Quote from: ElectricMucus on August 17, 2013, 11:23:43 AM

Market is starting to look erratic, capitulation is coming.

You mean down?

Yes, enjoy the show.

I believe it 'll go down too, though I am not really sure.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

He means we are going to 180 by monday. it is certain.

ElectricMucus

legendary

Activity: 1666

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Marketing manager - GO MP

Quote from: Wekkel on August 17, 2013, 11:42:06 AM

Quote from: ElectricMucus on August 17, 2013, 11:23:43 AM

Market is starting to look erratic, capitulation is coming.

You mean down?

Yes, enjoy the show.

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Quote from: ElectricMucus on August 17, 2013, 11:23:43 AM

Market is starting to look erratic, capitulation is coming.

You mean down?

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Market is starting to look erratic, capitulation is coming.

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

So long as we can't move fiat around to the largest exchange, what difference does it make if its a weekend?

Bank transfers don't go out any day of the week, so what's slowing things down on the weekend? Seems that people would have more time to trade since it's a weekend.

ChartBuddy

legendary

Activity: 2324

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Walsoraj

hero member

Activity: 686

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Ultranode

How many months has it been since we've seen real REAL action on a weekend? This could be an omen

joesmoe2012

hero member

Activity: 882

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Ching-Chang;Ding-Dong

==== STOP READING IF YOUR IN A SERIOUS MOOD, THIS IS JUST A LAUGH ===

From ABN AMRO's website talking about japanese brokerage services....

"So why is this different from everywhere? Because in Japan the volume is so low it should be easy to process with the available technology. Consider, a large broker in Japan processing 25,000 transactions per day normally, might peak at 100,000 transactions and struggle to balance each day vs. the exchange. By contrast the same firm’s brokerage operation in the US might easily process 1,000,000 per day, such that broker firms operating in Japan seem backward by comparison.

As a result in terms of costs, Japanese commission rates for investors are 100x higher than the level that could easily be achieved with technology and process improvements available today."

Ummmmmmmmm so gox, how about more than 10 international SWIFT withdraws a day...?

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

it is my friends the winklevii protecting their investment. they have tens of mils $ on gox to play with.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: ?? on ??

BOOM !

Right at the end of a descending triangle ... these big buyers are certainly looking at TA and timing their trades accordingly. That was a make or break point. Could have gone either way. Someone wants it to go up ...

First thing I noticed as well. We learned this on the move up from $65 as well...

01BTC10

vip

Activity: 756

Merit: 503

http://bitcoinwisdom.com/markets/mtgox/btcusd

Here it's say 114

Tzupy

legendary

Activity: 2156

Merit: 1094

On bitcoincharts it looks like it went up to 114, I think clarkmoody is not working in real time.
PS. Refreshed clarkmoody, not it shows corrected to 114.

lucas.sev

sr. member

Activity: 252

Merit: 250

heh, 2k bought an immedieatle walls set up at 112 Tongue

ChartBuddy

legendary

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Spaceman_Spiff

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Quote from: 01BTC10 on August 17, 2013, 08:59:15 AM

Quote from: Spaceman_Spiff on August 17, 2013, 08:55:27 AM

Quote from: ?? on ??

Quote from: Spaceman_Spiff on August 17, 2013, 08:26:38 AM

that will bring down the price of btc's in Yen, won't solve the USD price from being high (unless it is somehow possible to convert dollars to yen at gox).

You can buy from someone in USD using EUR.

So you are saying I can convert euros to usd in mtgox? I highly doubt that is a standard practice to be honest.
Maybe people with huge accounts can ask for special service.

Maybe you meant that BTC connects all currencies in gox, but that still doesn't change anything.

Yes they convert currency for 2.5% fee. If I send Canadian dollar without a Canadian account they will convert to USD.

Oh, I didn't know that, thanks.

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