Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33207.

hlynur

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Quote from: Nightowlace on June 09, 2013, 08:39:00 PM

I base my trades solely on what is said in this thread. Grin

hey i'm just speculating what could happen.
(i just trade on comments by some rare longterm users in this thread, and even then it's mostly better to just watch and hold as a newbie)

I'm following the market as recently as last bubble and throw some thoughts out from time to time,
to see what comments they get.
by that i hope to learn some things from users that have more longterm experience.

i noticed sunday night dumping as good method for buying cheap coins. (market can be manipulated with lower volumes during the night when the daily show is over and then panic begins in US on monday morning)
watching the sundays of the last weeks a monday dip occured quite often or am i wrong?

Malawi

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One bitcoin to rule them all!

Quote from: seldon on June 09, 2013, 06:07:45 PM

So how come, someone buys 4k the price stays about the same and if someone dumps 4k we enter freefall?

It's like stacking dry sand. It can only go so much higher, but poke it a little and it will slide quite a bit.

ChartBuddy

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Loozik

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Born to chew bubble gum and kick ass

This stopped updating https://www.tradingview.com/e/?symbol=MTGOX:BTCUSD#

Can someone let them know they lost connection to MtGox API?

Nightowlace

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I base my trades solely on what is said in this thread. Grin

hlynur

hero member

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i missed the whole action of last three days so I'm maybe way off,
but i have this gut feeling that we'll see more dumps during the night, so US can wake up to low price and start another panic selloff.
(well at least if i was speculating with lot of coins I'd do that)

mvidetto

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Hmm from 70-80k bids to 50k bids in only 9 days, things are certainly looking towards the drop in BTC. Also a 5k wall at $108/110 definitely going to be tough to raise the price.

ChartBuddy

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wachtwoord

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Quote from: sarc on June 09, 2013, 07:03:46 PM

Quote from: wachtwoord on June 09, 2013, 06:33:31 PM

Quote from: sarc on June 09, 2013, 06:27:12 PM

lots of people bought in for no other reason than the price was going up, what else would you expect to happen when the price starts to tank?

Indeed, this provides opportunity though. The imperfectness of the market is what allows us to outperform it

Unfortunately it is very very hard to value Bitcoin because it is unknown what the exact growth rate of Bitcoin (many years of slow growth discounts the future value quite hard) will be, there is non-zero chance another cryptocurrency will overtake it and because it is an asset it doesn't produce anything (as Buffet says: an ounce of gold will in a hundred years still be an ounce of gold). I do believe it is significantly undervalued today but my this is based on many assumptions that can be flawed.

I don't see how that can be - it can't possibly deliver currently on a $100 per bitcoin investment, unless it keeps going up in value. But why would it go up in value if it can't even deliver on a $100 per bitcoin investment? In other words, the price is way above the utility.

Value and price are two different things.

Richy_T

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Quote from: lucas.sev on June 09, 2013, 07:27:18 PM

Quote from: Jakewell on June 09, 2013, 07:20:54 PM

i just saw how a 1000 btc buy wall got eaten in less than 10 seconds in the morning Roll Eyes

morning in which timezone?

I think he meant "mourning"

lucas.sev

sr. member

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Quote from: Jakewell on June 09, 2013, 07:20:54 PM

i just saw how a 1000 btc buy wall got eaten in less than 10 seconds in the morning Roll Eyes

morning in which timezone?

Jakewell

newbie

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i just saw how a 1000 btc buy wall got eaten in less than 10 seconds in the morning Roll Eyes

sarc

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Quote from: wachtwoord on June 09, 2013, 06:33:31 PM

Quote from: sarc on June 09, 2013, 06:27:12 PM

lots of people bought in for no other reason than the price was going up, what else would you expect to happen when the price starts to tank?

Indeed, this provides opportunity though. The imperfectness of the market is what allows us to outperform it

Unfortunately it is very very hard to value Bitcoin because it is unknown what the exact growth rate of Bitcoin (many years of slow growth discounts the future value quite hard) will be, there is non-zero chance another cryptocurrency will overtake it and because it is an asset it doesn't produce anything (as Buffet says: an ounce of gold will in a hundred years still be an ounce of gold). I do believe it is significantly undervalued today but my this is based on many assumptions that can be flawed.

I don't see how that can be - it can't possibly deliver currently on a $100 per bitcoin investment, unless it keeps going up in edit:price. But why would it go up in edit:price if it can't even deliver on a $100 per bitcoin investment? In other words, the price is way above the utility. edit: it's extremely poor value at this price

.

Aggrophobia

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that was crazy shit oO

ChartBuddy

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seldon

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Someone buying 500btc, someone dumping 500btc - one more wtf moment

sarc

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Quote from: lucas.sev on June 09, 2013, 06:30:09 PM

Gentlemen, do not forget that there is a guy who bought 400k USD worth of bitcoin causing 4USD slippage, watching price go down Grin

And to him, sir, I say - ouch.

Jakewell

newbie

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Quote from: lucas.sev on June 09, 2013, 06:30:09 PM

Gentlemen, do not forget that there is a guy who bought 400k USD worth of bitcoin causing 4USD slippage, watching price go down Grin

That buy can come from the same who dump millions today.. so means nothing.

wachtwoord

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Quote from: sarc on June 09, 2013, 06:27:12 PM

lots of people bought in for no other reason than the price was going up, what else would you expect to happen when the price starts to tank?

Indeed, this provides opportunity though. The imperfectness of the market is what allows us to outperform it

Unfortunately it is very very hard to value Bitcoin because it is unknown what the exact growth rate of Bitcoin (many years of slow growth discounts the future value quite hard) will be, there is non-zero chance another cryptocurrency will overtake it and because it is an asset it doesn't produce anything (as Buffet says: an ounce of gold will in a hundred years still be an ounce of gold). I do believe it is significantly undervalued today but my this is based on many assumptions that can be flawed.

lucas.sev

sr. member

Activity: 252

Merit: 250

Gentlemen, do not forget that there is a guy who bought 400k USD worth of bitcoin causing 4USD slippage, watching price go down Grin

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