Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32514.

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: adamstgBit on July 30, 2013, 06:25:36 PM

Price move confirmed!
Cavirtex saw a volume surge shooting the price 12$ higher than it was 15 mins ago
this is it, we are officially on an up trend Grin

NOW would be the time for your bullish prediction! Cheesy

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Price move confirmed!
Cavirtex saw a volume surge shooting the price 12$ higher than it was 15 mins ago
this is it, we are officially on an up trend Grin

BitAddict

legendary

Activity: 1190

Merit: 1001

Here we go again Grin

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: gog1 on July 30, 2013, 05:55:52 PM

Did gox just crashed, nothing's coming through the websocket

Yes for ten minutes.

tarmi

legendary

Activity: 1232

Merit: 1011

I'm bullish.

N12

donator

Activity: 1610

Merit: 1010

80k BTC on the book. Decimate, and onward with the positive feedback loop! Cheesy

gog1

hero member

Activity: 756

Merit: 500

Did gox just crashed, nothing's coming through the websocket

Ozymandias

sr. member

Activity: 644

Merit: 250

Dat lag

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: hlynur on July 30, 2013, 05:43:27 PM

Quote from: N12 on July 30, 2013, 05:33:04 PM

Forget about the news, they don't matter. We're going up because the charts are looking good.

i wouldn't say that news don't matter. From time to time they play an important role for herding behaviour.
Often it's like some tension building up and being suddenly released by some big whale moving his fin.
Not too long ago market sentiment was very bearish because of the whole regulatory question in the news.

They don't matter in this case, being the potential to return to the 200s.
This can happen based on the charts alone.

David M

sr. member

Activity: 476

Merit: 250

Weekly....

N12

donator

Activity: 1610

Merit: 1010

The thing is that people choose to blend in and blend out and interpret the news based on what price action the market has been in, not based on the news themselves.

Also, price actually causes news or events or a suited environment. Think about it.

hlynur

hero member

Activity: 770

Merit: 501

Quote from: N12 on July 30, 2013, 05:33:04 PM

Forget about the news, they don't matter. We're going up because the charts are looking good.

i wouldn't say that news don't matter. From time to time they play an important role for herding behaviour.
Often it's like some tension building up and being suddenly released by some big whale moving his fin.
Not too long ago market sentiment was very bearish because of the whole regulatory question in the news.

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: N12 on July 30, 2013, 05:33:04 PM

Bitstamp hasn't stopped following MtGox's lead (with a spread), so it's safe to say that people are viewing MtGox's price as "real". As someone speculating on MtGox, say MtGox suddenly opened their valves and the withdrawal backlog is cleared within a week, I think there's a good chance for the bull trap to still play out. Maybe stunted. And if MtGox doesn't fix it, the spread will just stay even or increase.

Maybe if they bull trap hard enough Gox will let them in the rumored 5+ digit priority queue Cheesy

.

edit: At 6 digits I hear Mark throws in a free exercise ball.

bobdude17

sr. member

Activity: 454

Merit: 250

Quote from: humanitee on July 30, 2013, 05:29:55 PM

Quote from: hlynur on July 30, 2013, 05:25:38 PM

i haven't followed markets very much lately,
so sorry if i missed a point there.

are we really going only up because people can't get their fiat out of gox,
or is there a connection with the inside bitcoin conference today in New York?
Are there any other bullish news?

It is at least partially to blame. Everyone is trying to make sense of what is going on. There is just so much going on it's hard to make sense of, lol.

In my mind the ETF news is huge, even if it fails it sets precedent for another attempt in another country.

Speaking of the ETF I'm surprised Jeff's comment didn't get more attention.

Quote from: jgarzick

A bitcoin ETF is huge.

(note: they are not the only ones working on one...)

https://bitcointalksearch.org/topic/m.2673918

dwdoc

legendary

Activity: 966

Merit: 1000

- - -Caveat Aleo- - -

106!

N12

donator

Activity: 1610

Merit: 1010

Bitstamp hasn't stopped following MtGox's lead (with a spread), so it's safe to say that people are viewing MtGox's price as "real". As someone speculating on MtGox, say MtGox suddenly opened their valves and the withdrawal backlog is cleared within a week, I think there's a good chance for the bull trap to still play out. Maybe stunted. And if MtGox doesn't fix it, the spread will just stay even or increase.

Quote from: hlynur on July 30, 2013, 05:25:38 PM

Are there any other bullish news?

Forget about the news, they don't matter. We're going up because the charts are looking good.

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: hlynur on July 30, 2013, 05:25:38 PM

i haven't followed markets very much lately,
so sorry if i missed a point there.

are we really going only up because people can't get their fiat out of gox,
or is there a connection with the inside bitcoin conference today in New York?
Are there any other bullish news?

It is at least partially to blame. Everyone is trying to make sense of what is going on. There is just so much going on it's hard to make sense of, lol.

In my mind the ETF news is huge, even if it fails it sets precedent for another attempt in another country.

hlynur

hero member

Activity: 770

Merit: 501

i haven't followed markets very much lately,
so sorry if i missed a point there.

are we really going only up because people can't get their fiat out of gox,
or is there a connection with the inside bitcoin conference today in New York?
Are there any other bullish news?

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: N12 on July 30, 2013, 05:12:43 PM

I've been short term bullish for days, I'm seeing a large bull trap playing out. Polarizing people here don't seem to comprehend that there can be different time frames and different levels of certainty.

That's why I asked.

I'd be more inclined to think it was a bull trap if the Gox queue wasn't so crazy. People withdrawing fiat are stuck between the proverbial rock and a hard place.

I think it goes up to at least $115 just because Gox is giving it nowhere else to go. Gox trap? Gox trap.

Coinseeker

sr. member

Activity: 252

Merit: 250

105!?! Well done bulls. It's a new ball game now.

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