Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32538.

krudkeeper

full member

Activity: 182

Merit: 100

Hodl regularly and often!

Quote from: adamstgBit on July 26, 2013, 11:38:07 AM

easy does it, keep the slow upward move going and watch momentum Wink

bitstamps and other exchanges are obviously very relevant these days, i'd imagine crashing & manipulating the price for personal gain is going to get much harder.

expecting to see a stable 96 - 105 with a few false breakouts over 120.

i think in the end we will settle on a very slow upward bound trend line and be Crazy stable on this exceptional line that will explode to new highs this Xmas.

I love how this sounds. I wish I could see the future ahead of time!

ChartBuddy

legendary

Activity: 2324

Merit: 1801

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: P_Shep on July 26, 2013, 12:13:27 PM

$100 before the end of the day?

starting to look like that

95 on stamps 102 on gox Cheesy

P_Shep

legendary

Activity: 1795

Merit: 1208

This is not OK.

$100 before the end of the day?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

With only 5.xx$ left on the exchange, i guess you could say I'm all in Cool

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

easy does it, keep the slow upward move going and watch momentum Wink

bitstamps and other exchanges are obviously very relevant these days, i'd imagine crashing & manipulating the price for personal gain is going to get much harder.

expecting to see a stable 96 - 105 with a few false breakouts over 120.

i think in the end we will settle on a very slow upward bound trend line and be Crazy stable on this exceptional line that will explode to new highs this Xmas.

Diabolicus

member

Activity: 90

Merit: 10

Quote from: JimboToronto on July 26, 2013, 10:54:42 AM

The 96 wall seems solid though, for now.

yep

really solid ...

JimboToronto

legendary

Activity: 4116

Merit: 4738

You're never too old to think young.

Funny little wall dance at 96 and change. Up at 96.2 down again soon after and up at 96.5 only to disappear almost immediately.

The 96 wall seems solid though, for now.

StarenseN

legendary

Activity: 2478

Merit: 1362

gog1

hero member

Activity: 756

Merit: 500

I always find these 'walls' odd. Other than being useful for 'scalping' (controlling prices to a certain extent and making $ off the bid-ask spread), they look like an inefficient way of accumulating or distributing.

As per the other exchange. You raised a valid point. But getting money to BTC-E is difficult and most of the methods involve high fee - their deposit fee is quite ridiculous. Neither BTC-E nor bitstamp's orderbook can accommodate thousands of BTC without price moving significantly.

As bitstamp's price slowly creeps up, I guess there goes the theory that people snapping up BTC on gox as a mean of moving their $. As least, they are not dumping their gox BTC on bitstamp.

Quote from: ElectricMucus on July 26, 2013, 09:10:07 AM

Quote from: reactor on July 26, 2013, 09:06:09 AM

Quote from: Tzupy on July 26, 2013, 08:31:12 AM

The buying whale has decided to wait for seller exhaustion at 96.
And yes, this is f-ing boooring!

Ditto, holding the market is almost as bad as the repeated 1000+ BTC dumps we had a few weeks back. At least then there is reason for chaos and disorder, now everyone is sitting around watching the folks who have whipped it out and put it on the table but are too timid to actually do anything.

Flaccid whales.

Here is a question: If it's the whales that are accumulating why is the spread vs Bitstamp and BTC-e so high?

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: hlynur on July 25, 2013, 08:36:00 PM

Quote from: Richy_T on July 25, 2013, 07:38:01 PM

I still have all the data so it would not be hard to re-encode with static axis. Unfortunately, I don't have the price data archived though.

could you program chartbuddy's script to show the current price in the middle at the top?
Everybody's looking at bitcoinity or oth. sites to check price, but for animation and historical purposes it could perhaps be a nice gimmick in the future.

It's certainly already on my todo list.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: ElectricMucus on July 26, 2013, 09:10:07 AM

Quote from: reactor on July 26, 2013, 09:06:09 AM

Quote from: Tzupy on July 26, 2013, 08:31:12 AM

The buying whale has decided to wait for seller exhaustion at 96.
And yes, this is f-ing boooring!

Ditto, holding the market is almost as bad as the repeated 1000+ BTC dumps we had a few weeks back. At least then there is reason for chaos and disorder, now everyone is sitting around watching the folks who have whipped it out and put it on the table but are too timid to actually do anything.

Flaccid whales.

Here is a question: If it's the whales that are accumulating why is the spread vs Bitstamp and BTC-e so high?

This is the right question

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: reactor on July 26, 2013, 09:06:09 AM

Quote from: Tzupy on July 26, 2013, 08:31:12 AM

The buying whale has decided to wait for seller exhaustion at 96.
And yes, this is f-ing boooring!

Ditto, holding the market is almost as bad as the repeated 1000+ BTC dumps we had a few weeks back. At least then there is reason for chaos and disorder, now everyone is sitting around watching the folks who have whipped it out and put it on the table but are too timid to actually do anything.

Flaccid whales.

Here is a question: If it's the whales that are accumulating why is the spread vs Bitstamp and BTC-e so high?

reactor

sr. member

Activity: 420

Merit: 250

Quote from: Tzupy on July 26, 2013, 08:31:12 AM

The buying whale has decided to wait for seller exhaustion at 96.
And yes, this is f-ing boooring!

Ditto, holding the market is almost as bad as the repeated 1000+ BTC dumps we had a few weeks back. At least then there is reason for chaos and disorder, now everyone is sitting around watching the folks who have whipped it out and put it on the table but are too timid to actually do anything.

Flaccid whales.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: rpietila on July 26, 2013, 04:58:14 AM

Quote from: Tzupy on July 26, 2013, 03:53:13 AM

We have the standoff between a buying whale and sellers that are willing to dump at 96-97,
I believe mostly people who missed the train on the 19th July (I didn't, sold at 99 the day before).
If the buying whale makes another move today, up to 98 I believe, we'll find out if the sellers
get exhausted or not. If they do, the way to 100 and beyond is open IMO.

Don't be too preoccupied with the idea that only one entity in the world is accumulating bitcoins now, whereas the sellers are many. This is the age when the pros make their moves, and they don't necessarily use the exchanges at all, except for the purpose of price suppression. Bitcoin is quickly redeeming its place among gold and silver.

this my thoughts. smart accumulators use off-exchange channels.

Tzupy

legendary

Activity: 2156

Merit: 1094

The buying whale has decided to wait for seller exhaustion at 96.
And yes, this is f-ing boooring!

barbs

hero member

Activity: 854

Merit: 1000

thisis tooo fing boring. Wasoraj can you please get your USD cannon out?? Cool

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: ?? on ??

Quote from: rpietila on July 26, 2013, 07:39:44 AM

Quote from: ?? on ??

Quote from: tutkarz on July 26, 2013, 06:49:23 AM

interesting part is that people who push now to sell bitcoins will want to buy back them later no matter what price will be because there is only so much of them in the world ... i'm not going to give mine any time soon.

No, the price is far too high for that Cheesy

I sincerely believe that most holders of bitcoins have done exactly as I (among others) has advocated: only invest a modest sum, and fully prepared to ride it to the oblivion if need be. My own bitcoin holdings are already up more than 1000% and I am not selling until the proceeds will give a sizable boost to my economy. Most people are not inclined to sell at a loss, even to their own detriment. On the contrary, there is a weird willingness to wait for years until an investment breaks even in fiat terms and then sell, once it has finally started to perform.

I can't disagree with that ... running losses and cutting profits seems to be most investor's greatest weakness. It's a losing strategy in the long run as I am sure you know.
How this relates to BTC I don't know, I was only teasing with my previous post ... I don't profess to know where we are going from here in the next few minutes, let alone days or weeks. Longer term seems a bit more assured ... zero or infinity !

I have the first weakness, not the second one though. What can I say, I just hate selling. My preferred holding period? For ever! Tongue

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: ?? on ??

Quote from: tutkarz on July 26, 2013, 06:49:23 AM

interesting part is that people who push now to sell bitcoins will want to buy back them later no matter what price will be because there is only so much of them in the world ... i'm not going to give mine any time soon.

No, the price is far too high for that Cheesy

I sincerely believe that most holders of bitcoins have done exactly as I (among others) has advocated: only invest a modest sum, and fully prepared to ride it to the oblivion if need be. My own bitcoin holdings are already up more than 1000% and I am not selling until the proceeds will give a sizable boost to my economy. Most people are not inclined to sell at a loss, even to their own detriment. On the contrary, there is a weird willingness to wait for years until an investment breaks even in fiat terms and then sell, once it has finally started to perform.

tutkarz

hero member

Activity: 546

Merit: 501

interesting part is that people who push now to sell bitcoins will want to buy back them later no matter what price will be because there is only so much of them in the world ... i'm not going to give mine any time soon.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32538. (Read 26471398 times)