Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32655.

niothor

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in defi we trust

Quote from: derpinheimer on October 10, 2013, 11:59:11 AM

Quote from: ArticMine on October 10, 2013, 11:24:22 AM

Quote from: Walsoraj on October 10, 2013, 10:06:26 AM

...
The fact that everybody knows about bitcoin now yet the volume remains pathetically low is a bad sign... Indicates both that the capitulation is yet to come and we may not recover from this one.

There is volume. One simply has to know where to look for it. http://btckan.com/price

40k volume in USD, 40k in CNY.

However, you should notice the Chinese exchanges with volume have... drum roll please... NO FEES.

Open your eyes; its fake volume.

I wouldn't go as far as saying their volume is fake , probably is just a bit "improved" but a normal question would be:
From where the hell is that volume coming ?
Why I'm asking this is because most coins are still mined in Europe and Us , and the largest stash are still here. Maybe China is coming fast from behind but still, I doubt Chinese users have enough coins to topple gox and bitstamp.

And don't even bother to say that comes from chip sales , I doubt there is a factory in China accepting bitcoins when we're talking about millions $ and a slight price correction could wipe their profit.

ChartBuddy

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derpinheimer

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Quote from: ArticMine on October 10, 2013, 11:24:22 AM

Quote from: Walsoraj on October 10, 2013, 10:06:26 AM

...
The fact that everybody knows about bitcoin now yet the volume remains pathetically low is a bad sign... Indicates both that the capitulation is yet to come and we may not recover from this one.

There is volume. One simply has to know where to look for it. http://btckan.com/price

40k volume in USD, 40k in CNY.

However, you should notice the Chinese exchanges with volume have... drum roll please... NO FEES.

Open your eyes; its fake volume.

Miz4r

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Quote from: Walsoraj on October 10, 2013, 11:16:24 AM

Quote from: Miz4r on October 10, 2013, 10:23:02 AM

Stop looking at Gox volume, that is a station long past now.

Cant. No other station has taken its place (bitstamps high volume is only in spurts and has laughable bid depth).

Just another sign that we haven't capitulated yet and the bubble probably wont re-inflate.

You're in denial and are living in the past. Good luck with that.

ArticMine

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Monero Core Team

Quote from: Walsoraj on October 10, 2013, 10:06:26 AM

...
The fact that everybody knows about bitcoin now yet the volume remains pathetically low is a bad sign... Indicates both that the capitulation is yet to come and we may not recover from this one.

There is volume. One simply has to know where to look for it. http://btckan.com/price

Walsoraj

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Ultranode

Quote from: Miz4r on October 10, 2013, 10:23:02 AM

Quote from: Walsoraj on October 10, 2013, 10:06:26 AM

Quote from: theonewhowaskazu on October 10, 2013, 09:37:13 AM

Quote from: Grouver (BtcBalance) on October 10, 2013, 05:26:20 AM

Quote from: Luno on October 10, 2013, 04:04:00 AM

In retrospect it seems obvious, but back then, the most optimistic talked prices around 4$ (we got to 7$ in what, two months?) . Anyone posting suggestions of 100-200$ was just like the guys now, talking about 10,000$ in 2015.

Its easier to go from $10 to $100 then from $100 to $1000.
It needs much more volume.

Not really. At the point in time we were $10, we were 2/3 from the ATH, and practically everybody in the world had written off Bitcoin as a 'dead' currency. Now, we are less than 1/2 from our current ATH, and everybody has seen BTC come back, and BTC has been featured on many news stories, and the BTC economy is a thing, so its much easier to gain traction.

If you ask a random person (ok, I live in silicon valley, so maybe this isn't a representative example, but still) about Bitcoin, they'll at least know that its a digital currency. They might not know what that means exactly, but its a gigantic step forward.

The fact that everybody knows about bitcoin now yet the volume remains pathetically low is a bad sign... Indicates both that the capitulation is yet to come and we may not recover from this one.

Stop looking at Gox volume, that is a station long past now.

Cant. No other station has taken its place (bitstamps high volume is only in spurts and has laughable bid depth).

Just another sign that we haven't capitulated yet and the bubble probably wont re-inflate.

ChartBuddy

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Miz4r

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Quote from: Walsoraj on October 10, 2013, 10:06:26 AM

Quote from: theonewhowaskazu on October 10, 2013, 09:37:13 AM

Quote from: Grouver (BtcBalance) on October 10, 2013, 05:26:20 AM

Quote from: Luno on October 10, 2013, 04:04:00 AM

In retrospect it seems obvious, but back then, the most optimistic talked prices around 4$ (we got to 7$ in what, two months?) . Anyone posting suggestions of 100-200$ was just like the guys now, talking about 10,000$ in 2015.

Its easier to go from $10 to $100 then from $100 to $1000.
It needs much more volume.

Not really. At the point in time we were $10, we were 2/3 from the ATH, and practically everybody in the world had written off Bitcoin as a 'dead' currency. Now, we are less than 1/2 from our current ATH, and everybody has seen BTC come back, and BTC has been featured on many news stories, and the BTC economy is a thing, so its much easier to gain traction.

If you ask a random person (ok, I live in silicon valley, so maybe this isn't a representative example, but still) about Bitcoin, they'll at least know that its a digital currency. They might not know what that means exactly, but its a gigantic step forward.

The fact that everybody knows about bitcoin now yet the volume remains pathetically low is a bad sign... Indicates both that the capitulation is yet to come and we may not recover from this one.

Stop looking at Gox volume, that is a station long past now.

Walsoraj

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Ultranode

Quote from: theonewhowaskazu on October 10, 2013, 09:37:13 AM

Quote from: Grouver (BtcBalance) on October 10, 2013, 05:26:20 AM

Quote from: Luno on October 10, 2013, 04:04:00 AM

In retrospect it seems obvious, but back then, the most optimistic talked prices around 4$ (we got to 7$ in what, two months?) . Anyone posting suggestions of 100-200$ was just like the guys now, talking about 10,000$ in 2015.

Its easier to go from $10 to $100 then from $100 to $1000.
It needs much more volume.

Not really. At the point in time we were $10, we were 2/3 from the ATH, and practically everybody in the world had written off Bitcoin as a 'dead' currency. Now, we are less than 1/2 from our current ATH, and everybody has seen BTC come back, and BTC has been featured on many news stories, and the BTC economy is a thing, so its much easier to gain traction.

If you ask a random person (ok, I live in silicon valley, so maybe this isn't a representative example, but still) about Bitcoin, they'll at least know that its a digital currency. They might not know what that means exactly, but its a gigantic step forward.

The fact that everybody knows about bitcoin now yet the volume remains pathetically low is a bad sign... Indicates both that the capitulation is yet to come and we may not recover from this one.

lucas.sev

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Quote from: theonewhowaskazu on October 10, 2013, 09:37:13 AM

and the BTC economy is a thing, so its much easier to gain traction.

lol wat?

ChartBuddy

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theonewhowaskazu

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Quote from: Grouver (BtcBalance) on October 10, 2013, 05:26:20 AM

Quote from: Luno on October 10, 2013, 04:04:00 AM

In retrospect it seems obvious, but back then, the most optimistic talked prices around 4$ (we got to 7$ in what, two months?) . Anyone posting suggestions of 100-200$ was just like the guys now, talking about 10,000$ in 2015.

Its easier to go from $10 to $100 then from $100 to $1000.
It needs much more volume.

Not really. At the point in time we were $10, we were 2/3 from the ATH, and practically everybody in the world had written off Bitcoin as a 'dead' currency. Now, we are less than 1/2 from our current ATH, and everybody has seen BTC come back, and BTC has been featured on many news stories, and the BTC economy is a thing, so its much easier to gain traction.

If you ask a random person (ok, I live in silicon valley, so maybe this isn't a representative example, but still) about Bitcoin, they'll at least know that its a digital currency. They might not know what that means exactly, but its a gigantic step forward.

ChartBuddy

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gandhibt

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Don't regret, just learn. Then you are free. Trading is a good way to learn this or if you not, you end up in grave or in institution (if you continue to trade still).

ChartBuddy

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TheKoziTwo

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Quote from: MikeH on October 10, 2013, 03:37:03 AM

curious, did anyone here buy at under $1?

was looking at historic prices, it looks like you could have become a millionaire with an investment of $100 at one stage.

so annoying that I didn't even hear about bitcoin until the start of the year since I've been into computers for more than 30 years and often read slashdot etc.

I bought bitcoins at $0.49... but only about 40 dollar worth... the price doubled shortly after so I didn't dare to invest very much then thinking it would fall back down..... regret... so much regret

tutkarz

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Quote from: Grouver (BtcBalance) on October 10, 2013, 05:26:20 AM

Quote from: Luno on October 10, 2013, 04:04:00 AM

In retrospect it seems obvious, but back then, the most optimistic talked prices around 4$ (we got to 7$ in what, two months?) . Anyone posting suggestions of 100-200$ was just like the guys now, talking about 10,000$ in 2015.

Its easier to go from $10 to $100 then from $100 to $1000.
It needs much more volume.

if economy is right then its not the problem. And as we know more and more new services start every day.

ChartBuddy

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ChartBuddy

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Grouver (BtcBalance)

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Quote from: Luno on October 10, 2013, 04:04:00 AM

In retrospect it seems obvious, but back then, the most optimistic talked prices around 4$ (we got to 7$ in what, two months?) . Anyone posting suggestions of 100-200$ was just like the guys now, talking about 10,000$ in 2015.

Its easier to go from $10 to $100 then from $100 to $1000.
It needs much more volume.

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