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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32586. (Read 26729183 times)

legendary
Activity: 1008
Merit: 1000
960 yuan should be about ~157.5 USD according to Google, FYI
legendary
Activity: 2156
Merit: 1070
Life taught me that whenever masses do something, I should do the opposite. When Gox had power, I moved out from them. Now, I would go with them.

Contrary to popular believe the masses dont jump from bridges. Only the few. On that note, be our guest Wink
legendary
Activity: 1064
Merit: 1001
Life taught me that whenever masses do something, I should do the opposite. When Gox had power, I moved out from them. Now, I would go with them.
newbie
Activity: 41
Merit: 0
Couldn't agree more, with all Gox's problems I can't see why anyone would still trade there. Willl Gox die with a whimper or a bang?
legendary
Activity: 2156
Merit: 1070
yes but I think USD volume is more relevant than BTC.
What that chart shows is that there is that the market for exchanges is become more diversified.

If you've just been watching Mt Gox volume over the last 6 months you'd think that less trading was going on over time, but actually the same amount of trading is happening - it's just being more evenly spread out among the exchanges.

Yes, bold is a GREAT thing.

Incorrect. The market has fractured, not diversified. Fracturing makes manipulating the price easier.

Fractured? What? Why, because its not consolidated into one gigantic Gox?  The exchanges outside of Gox are growing.

I swear, I don't know why people like yourself are so infatuated with Gox. Get your money (BTC) out of there and move on. Your a fool if you still trade Gox. A fool.
legendary
Activity: 1064
Merit: 1001
964 on btcchina freaks me out.
sr. member
Activity: 454
Merit: 250
There is very little volume so price is going up fast with only a few buys and no asks. I am condescending if I say where such behaviour usually leads to?

Or maybe a few entities with deep pockets are staging some hell of a crash in order to harm the bitcoin economy.

Meworries

Why? What did you expect to happen? If everybody thinks that bitcoin will be worth so much more in the future, they will hold until they think a fair price for their coins are reached. This is how the meltup will happen.

Bitcoins are insanely undervalued right now, they are acting accordingly.
legendary
Activity: 1904
Merit: 1002
We have 5 waves up from $65.  Elliot would say we need an ABC before we can go too much higher, but bitcoin is bitcoin so we may just rocket for the fun of it.  That said, there have been some pretty effective bear raids lately, so there is a chance there may be a few btc to be gained by a well timed sell.
legendary
Activity: 1008
Merit: 1000
960... the Chinese rocket is taking off without us!
hero member
Activity: 686
Merit: 500
Ultranode
yes but I think USD volume is more relevant than BTC.
What that chart shows is that there is that the market for exchanges is become more diversified.

If you've just been watching Mt Gox volume over the last 6 months you'd think that less trading was going on over time, but actually the same amount of trading is happening - it's just being more evenly spread out among the exchanges.

Yes, bold is a GREAT thing.

Incorrect. The market has fractured, not diversified. Fracturing makes manipulating the price easier.
hero member
Activity: 728
Merit: 500
There is very little volume so price is going up fast with only a few buys and no asks. I am condescending if I say where such behaviour usually leads to?

Or maybe a few entities with deep pockets are staging some hell of a crash in order to harm the bitcoin economy.

Meworries
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
damn its moving up again!  Shocked
sr. member
Activity: 454
Merit: 250
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
china makes a new high, 953
sr. member
Activity: 454
Merit: 250
China is on the move!
legendary
Activity: 896
Merit: 1000
yes but I think USD volume is more relevant than BTC.
What that chart shows is that there is that the market for exchanges is become more diversified.

If you've just been watching Mt Gox volume over the last 6 months you'd think that less trading was going on over time, but actually the same amount of trading is happening - it's just being more evenly spread out among the exchanges.

Not really. Gox volume is down a ton. Other USD exchanges up slightly. China has gained quite a bit, but not enough to cover for the death of magic the gathering online exchange.
legendary
Activity: 1168
Merit: 1000
yes but I think USD volume is more relevant than BTC.
What that chart shows is that there is that the market for exchanges is become more diversified.

If you've just been watching Mt Gox volume over the last 6 months you'd think that less trading was going on over time, but actually the same amount of trading is happening - it's just being more evenly spread out among the exchanges.

Yes, bold is a GREAT thing.
legendary
Activity: 1400
Merit: 1013
yes but I think USD volume is more relevant than BTC.
What that chart shows is that there is that the market for exchanges is become more diversified.

If you've just been watching Mt Gox volume over the last 6 months you'd think that less trading was going on over time, but actually the same amount of trading is happening - it's just being more evenly spread out among the exchanges.
legendary
Activity: 1064
Merit: 1001
Guys, let's step back a bit and calmly analyze this price climb thoroughly and not jump to conclusions.

I would say that such prince swings are solid evidence that indeed, we are going to the moon and land there. By no circumstances we will be back, ever, into the triple digits again, after the next few hours.
legendary
Activity: 1168
Merit: 1000
I'm just thinking that when everyone's partying and there are no bears left I start smelling blood.

In other words I see no reason for this price move up. Baidu news? Naah, that address only got a few transactions and lots of spam.
So wtf is going on? To da moon? new paradigm? 300kUSD/xBT? The singularity? Don't think so.

Huh Time to move some coins from cold walled to Stamp.


Media Attention > New Users/Speculators > Price Goes Up

It's not complicated.

Also, "lol" if you think Baidu news is about them making a killing off people paying with bitcoin from the get-go.  It's about acceptance of the technology, and, again, more media attention/worldwide coverage..
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