Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32551.

S3052

legendary

Activity: 2100

Merit: 1000

Quote from: hlynur on September 20, 2013, 02:37:42 AM

Quote from: molecular on September 20, 2013, 01:24:17 AM

I admit: I sold some coins because I'm such an emotional animal and experienced some angst the price might drop significantly. But really, I don't believe so.

I recommend a subscription to adam's bitmovements newsletter.
It gives me a well-balanced sentiment of deep and omnipresent bullishness. almost feels like trading in Zen mode Cheesy

this is why bitcoinbullbear avoids emotions

molecular

donator

Activity: 2772

Merit: 1019

Quote from: hlynur on September 20, 2013, 02:37:42 AM

Quote from: molecular on September 20, 2013, 01:24:17 AM

I admit: I sold some coins because I'm such an emotional animal and experienced some angst the price might drop significantly. But really, I don't believe so.

I recommend a subscription to adam's bitmovements newsletter.
It gives me a well-balanced sentiment of deep and omnipresent bullishness. almost feels like trading in Zen mode Cheesy

Remember when he was a bear? Wouldn't want that to happen right after I subscribe :-)

hlynur

hero member

Activity: 770

Merit: 501

Quote from: molecular on September 20, 2013, 01:24:17 AM

I admit: I sold some coins because I'm such an emotional animal and experienced some angst the price might drop significantly. But really, I don't believe so.

I recommend a subscription to adam's bitmovements newsletter.
It gives me a well-balanced sentiment of deep and omnipresent bullishness. almost feels like trading in Zen mode Cheesy

molecular

donator

Activity: 2772

Merit: 1019

Quote from: S3052 on September 20, 2013, 12:42:43 AM

Quote from: rampantparanoia on September 19, 2013, 04:49:40 PM

Quote from: S3052 on September 19, 2013, 01:03:03 PM

Quote from: N12 on September 19, 2013, 12:59:00 PM

Quote from: molecular on September 19, 2013, 12:57:29 PM

Quote from: S3052 on September 19, 2013, 12:50:26 PM

probably this thread could merge into an overall orderbook and wall tracker

bitstamp has more volume now and there is one 3000 btc bid wall left. if this falls.. good night bitcoin for a deeper fall

looks more like 2000 to me.

Good night, Bitcoin.

Good morning, Blightcoin. Cheesy

1000 btc was probably already whale food (plankton) .. eaten away...

Wall still stands strong @ 1784

973 left...

Let me guess... your newsletter yesterday evening said it might be profitable to sell some BTC for LTC?

If that was what caused the slight drop we experienced I doubt it was able to build enough downward momentum. Even the wall on bitstamp falling wouldn't result in a drop below $115. Buyback at $115 would be good profit, though.

I admit: I sold some coins because I'm such an emotional animal and experienced some angst the price might drop significantly. But really, I don't believe so.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: romerun on September 19, 2013, 11:51:19 PM

last year the wedding news of mtgox and coinlab pumped btc to $250, it remains in 100 range even after divorced. This year the NEO/BEE thing is about to happen in cyprus, do you think it will have the similar effect ?

NEO/BEE? Anyone care to enlighten me?

S3052

legendary

Activity: 2100

Merit: 1000

Quote from: rampantparanoia on September 19, 2013, 04:49:40 PM

Quote from: S3052 on September 19, 2013, 01:03:03 PM

Quote from: N12 on September 19, 2013, 12:59:00 PM

Quote from: molecular on September 19, 2013, 12:57:29 PM

Quote from: S3052 on September 19, 2013, 12:50:26 PM

probably this thread could merge into an overall orderbook and wall tracker

bitstamp has more volume now and there is one 3000 btc bid wall left. if this falls.. good night bitcoin for a deeper fall

looks more like 2000 to me.

Good night, Bitcoin.

Good morning, Blightcoin. Cheesy

1000 btc was probably already whale food (plankton) .. eaten away...

Wall still stands strong @ 1784

973 left...

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: romerun on September 19, 2013, 11:51:19 PM

last year the wedding news of mtgox and coinlab pumped btc to $250, it remains in 100 range even after divorced. This year the NEO/BEE thing is about to happen in cyprus, do you think it will have the similar effect ?

If people think it will, then it will. But does the event itself have any real effect on the price? No.

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

last year the wedding news of mtgox and coinlab pumped btc to $250, it remains in 100 range even after divorced. This year the NEO/BEE thing is about to happen in cyprus, do you think it will have the similar effect ?

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: Patel on September 19, 2013, 05:24:58 PM

Quote from: vps15 on September 19, 2013, 01:50:59 PM

so who thinks we are heading for a correction or another bear trap now?

To be honest, looks like a bear trap.

If its not, then Bitstamp will probably dip down to the 110's because their is no buying power after that wall up.

usually when it is hard to tell i turn to fundamentals, i came to the conclusion that the rise in price was in part driven by asic demand in the 1st half of the year, people holding off on selling so they could put in their orders for asics and people putting more money into the system to put in orders.

internet was getting swamped with BFL ads

anyway i'm not going to go into my thoughts on this further, but people gotta get an roi at some point to pay for all that hardware they've been waiting up to 1 year for

Patel

legendary

Activity: 1320

Merit: 1007

Quote from: vps15 on September 19, 2013, 01:50:59 PM

so who thinks we are heading for a correction or another bear trap now?

To be honest, looks like a bear trap.

If its not, then Bitstamp will probably dip down to the 110's because their is no buying power after that wall up.

rampantparanoia

sr. member

Activity: 516

Merit: 283

Quote from: S3052 on September 19, 2013, 01:03:03 PM

Quote from: N12 on September 19, 2013, 12:59:00 PM

Quote from: molecular on September 19, 2013, 12:57:29 PM

Quote from: S3052 on September 19, 2013, 12:50:26 PM

probably this thread could merge into an overall orderbook and wall tracker

bitstamp has more volume now and there is one 3000 btc bid wall left. if this falls.. good night bitcoin for a deeper fall

looks more like 2000 to me.

Good night, Bitcoin.

Good morning, Blightcoin. Cheesy

1000 btc was probably already whale food (plankton) .. eaten away...

Wall still stands strong @ 1784

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: Manna on September 19, 2013, 03:12:45 PM

Quote from: ?? on ??

But then, having knowledge of the size of deposits as they are made, they could have done much better than that with a little front running.

But Gox would not do that, it would be unethical.

and it would be insider trading, but of course we are in an nearly unregulated market, SEC cannot investigate in that case because Mt.Gox is in Japan. Or can they ?

here's my advice on the matter...

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: ?? on ??

Quote from: N12 on September 19, 2013, 01:42:46 PM

If you are fine to withdraw via other measures (SEPA, JPY domestic, BTC), MtGox should be alright given you don't mind the premium. Only risk I would see is whether or not they are even liquid in light of the 10 million USD lacking.

Completely separate from customer funds, if Gox collected .5% in BTC fees and .5% in USD fees, and held them as such they would have

257143 BTC and $7,627,194

The question of the actual balances is how much trading they have done, and when?

What would we find in Schrödinger's Gox?

If Gox sold just 20% of their coin from fees as it came in then those balances look more like:

205,714 BTC and $9,152,626

If it was 50% then...

128,571 BTC and $11,440,775

80%...

51429 BTC and $13,728,924

I'll be that guy and say it:

That's still surprisingly little money.

If seen in context, I mean. So they earned something north of 10M, and we know about a 10M gap. Doesn't mean there aren't other debts ramped up (lawyers for the coinlab lawsuit, for example).

Manna

full member

Activity: 159

Merit: 100

Quote from: ?? on ??

But then, having knowledge of the size of deposits as they are made, they could have done much better than that with a little front running.

But Gox would not do that, it would be unethical.

and it would be insider trading, but of course we are in an nearly unregulated market, SEC cannot investigate in that case because Mt.Gox is in Japan. Or can they ?

adamas

legendary

Activity: 1017

Merit: 1003

VIS ET LIBERTAS

Quote from: vps15 on September 19, 2013, 01:50:59 PM

so who thinks we are heading for a correction or another bear trap now?

... just a tiny bear trap Cool

rampantparanoia

sr. member

Activity: 516

Merit: 283

Quote from: phoenix1 on September 19, 2013, 02:20:30 PM

Quote from: ?? on ??

What would we find in Schrödinger's Gox?

A dead cat that was not there

...then how do you know it was dead?!

phoenix1

hero member

Activity: 798

Merit: 1000

Quote from: ?? on ??

Quote from: N12 on September 19, 2013, 01:42:46 PM

If you are fine to withdraw via other measures (SEPA, JPY domestic, BTC), MtGox should be alright given you don't mind the premium. Only risk I would see is whether or not they are even liquid in light of the 10 million USD lacking.

Completely separate from customer funds, if Gox collected .5% in BTC fees and .5% in USD fees, and held them as such they would have

257143 BTC and $7,627,194

The question of the actual balances is how much trading they have done, and when?

What would we find in Schrödinger's Gox?

A dead cat that was not there

grovestr

newbie

Activity: 45

Merit: 0

Quote from: vps15 on September 19, 2013, 01:50:59 PM

so who thinks we are heading for a correction or another bear trap now?

1. whale sales, then
2. nothing happen, then
3. whale sales, then
4. OMG we goin down, then
5. SELL SELL SELL, then
6. whale buys, then
7. exit mtgox, then
8. sell on bitstamp, then
9. SELL SELL SELL

or just we going straight into single digits

Adrian-x

legendary

Activity: 1372

Merit: 1000