Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32530. (Read 26608931 times)
September 29, 2013, 11:01:30 PM
lol at the Bitstamp wall. Looks like somebody is trying to engineer a nice pullback.
September 29, 2013, 06:33:46 PM
hmmm. i thought we were due for a nice healthy fall back to the 120s. i guess, we'll see!! i am not really trading in this market.... 
September 29, 2013, 06:30:39 PM
I reckon the price will break through $150 in the next 24 hours. Just a hunch.
September 29, 2013, 05:48:56 PM
It shows that the market did not crash when mtgox went away. It just continued from the same level as before. It means the following scenario is unlikely.
... With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
Oh well, I see. But similar situation can result differently, when circumstances have changed.
September 29, 2013, 05:42:01 PM
It shows that the market did not crash when mtgox went away. It just continued from the same level as before. It means the following scenario is unlikely.
... With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
September 29, 2013, 05:37:55 PM
Just a piece of speculation, nothing that I advocate, but I believe I'm not alone to think about this.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
MtGox' market share is worth so much more than what they could gain with such a scheme.
Hypothetically, if gained profit could help them to resolve the issue with withdrawals, their decline in the market share would stop.
Also, MtGox does not influence the broad trend. Check out this chart and spot the period when MtGox was closed for 8 days, when it had a much larger market share (80%) than today.
http://bitcoincharts.com/charts/mtgoxUSD#rg60zigDailyzczsg2011-05-02zeg2011-09-01ztgSzm1g10zm2g25zv
Hmmmm... I'm not sure how to interpret this. Doesn't it say opposite? Price didn't change much when they re-opened , since everybody was waiting on them?
September 29, 2013, 05:26:23 PM
Just a piece of speculation, nothing that I advocate, but I believe I'm not alone to think about this.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
MtGox' market share is worth so much more than what they could gain with such a scheme.
Hypothetically, if gained profit could help them to resolve the issue with withdrawals, their decline in the market share would stop.
Also, MtGox does not influence the broad trend. Check out this chart and spot the period when MtGox was closed for 8 days, when it had a much larger market share (80%) than today.
http://bitcoincharts.com/charts/mtgoxUSD#rg60zigDailyzczsg2011-05-02zeg2011-09-01ztgSzm1g10zm2g25zv
September 29, 2013, 05:24:36 PM
Just a piece of speculation, nothing that I advocate, but I believe I'm not alone to think about this.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
MtGox' market share is worth so much more than what they could gain with such a scheme.
Hypothetically, if gained profit could help them to resolve the issue with withdrawals, their decline in the market share would stop.
September 29, 2013, 05:23:49 PM
This gox run, after reaching a $19-$22 gap with other exchanges, have caused prices to finally break out over key chart levels on other exchanges and eat through the endless resistance walls. However, this break out is short lived, on low volume, and lacking bid support. Now prices are going down again, as if nothing happened... Will this rally succeed?
And are we supposed to believe that someone is still wiring millions of usd into gox?
And are we supposed to believe that someone is still wiring millions of usd into gox?
September 29, 2013, 05:18:41 PM
Just a piece of speculation, nothing that I advocate, but I believe I'm not alone to think about this.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
MtGox' market share is worth so much more than what they could gain with such a scheme.
Gox is capable of making all kinds of idiotic business moves.
September 29, 2013, 05:15:17 PM
Just a piece of speculation, nothing that I advocate, but I believe I'm not alone to think about this.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
MtGox' market share is worth so much more than what they could gain with such a scheme.
September 29, 2013, 05:08:26 PM
Just a piece of speculation, nothing that I advocate, but I believe I'm not alone to think about this.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
Gox is likely sitting at nice stash of btc, and if they are insolvent, they might want to sell large portion of btc at the highest possible price.
So gox manipulates the price and makes others to follow, until volume there is enough high to make them so.
Rising price can also induce more interest in bitcoin and thus influx of newcomers buying into btc (most of them may not be buying at gox, but still easing their effort by eating sell walls at other exchanges). Also, here could be helpful the secondmarket news, to which the rally would be accredited in media, thus finding more plausible and bullish explanation for the raise.
Where that goes is clear. In later stage of rally gox starts to dump (not only on their own exchange of course). Also more players exit their positions. With gox losing its market share and ask sum at other exchanges growing, the market peaks and a crash follows.
September 29, 2013, 04:23:58 PM
i have noticed that there always appears to be a run up in price prior to the 1st of the month... wonder if the same is happening again
September 29, 2013, 03:50:14 PM
Why do we care, it will be a good thing, pay down the national debt. As long as police/fire operate, it will be ok. NSA could use a day off.
We care because it doesn't pay down the national debt. It actually raises it in 3 ways:
1) We actually DON'T collect money the government is due that day. I.e, we miss out on some income.
2) We delay spending that can cost more in the future, think like 'late fees'.
3) We erode confidence in the government resulting in having to potentially pay higher interest rates in the future.
In general, doing nothing is pretty much the worst way of getting out of debt ever.
I am far more interested in Bitcoin revolutionizing the world economy for the 21st century, which is much more important than Obozo and the Congresscritters who can't even run a circus with a balanced budget using $2,200 billion of tax revenue.
September 29, 2013, 03:42:05 PM
All Time Weekly Closing High.
http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgCza1gWMAzm1g13zm2g25
While the likelihood of a double top is still there, my monies on a up break out.
http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgCza1gWMAzm1g13zm2g25
While the likelihood of a double top is still there, my monies on a up break out.
September 29, 2013, 03:38:46 PM
hmm...
September 29, 2013, 02:55:55 PM
if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week
Last few times people were 100% convinced of this, the gov't managed a last-minute deal. Sure, "This time is different." Who knows, it might be. But forgive me for being skeptical.
Why do we care, it will be a good thing, pay down the national debt. As long as police/fire operate, it will be ok. NSA could use a day off.
We care because it doesn't pay down the national debt. It actually raises it in 3 ways:
1) We actually DON'T collect money the government is due that day. I.e, we miss out on some income.
2) We delay spending that can cost more in the future, think like 'late fees'.
3) We erode confidence in the government resulting in having to potentially pay higher interest rates in the future.
In general, doing nothing is pretty much the worst way of getting out of debt ever.
September 29, 2013, 02:41:53 PM
Hard times really no one knows what next?
really no one knows what next? 
September 29, 2013, 02:39:13 PM
if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week
Last few times people were 100% convinced of this, the gov't managed a last-minute deal. Sure, "This time is different." Who knows, it might be. But forgive me for being skeptical.
Why do we care, it will be a good thing, pay down the national debt. As long as police/fire operate, it will be ok. NSA could use a day off.
September 29, 2013, 02:38:48 PM
if you guys haven't notice the US federal government will be shut down on tuesday. The democrats/republicans war is going to be fun. And that is why gold, silver and yes BTC are running. It should be a fun day tomorrow. I predict $200 BTC this week
Last few times people were 100% convinced of this, the gov't managed a last-minute deal. Sure, "This time is different." Who knows, it might be. But forgive me for being skeptical.
When playing the game 'chicken' (with cars) someone always steers away.
Until they don't.
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