Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33208. (Read 26497588 times)
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?
June 09, 2013, 06:16:08 PM
Sometimes this feels like one big experiment in psychology 
It is.
June 09, 2013, 06:15:14 PM
So how come, someone buys 4k the price stays about the same and if someone dumps 4k we enter freefall?
It's a suckers rally, people recognise this so instead of jumping aboard the Bitcoin train they just ignore it and wait for the current downtrentdto continue.
Price rising on low volume : What could possibly go wrong there ?
June 09, 2013, 06:12:22 PM
Sometimes this feels like one big experiment in psychology
June 09, 2013, 06:10:54 PM
So how come, someone buys 4k the price stays about the same and if someone dumps 4k we enter freefall?
Because free fall is what folk are waiting for...
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?
June 09, 2013, 05:59:45 PM
June 09, 2013, 05:45:31 PM
i see fat green candle 
June 09, 2013, 05:39:25 PM
(have you seen it?) nice purchase 
June 09, 2013, 05:38:28 PM
400k usd, nice
June 09, 2013, 05:38:10 PM
Big buy! Around 3k
June 09, 2013, 05:35:37 PM
More to come
June 09, 2013, 05:34:55 PM
Yes, again so many cheap coins
June 09, 2013, 05:26:06 PM
look look!
Cheap coins!
Cheap coins!
June 09, 2013, 05:07:32 PM
ah shit you were faster
, i just worked on that in photoshop 
June 09, 2013, 05:06:39 PM
Should break down sooner or later.
June 09, 2013, 05:06:15 PM
Sorry guys I need to drop some coinz now.
I need to drop 10,000 mBTC, sorry for that
I need to drop 10,000 mBTC, sorry for that
Volume:141,672 BTC
bitstamp: 28,514 BTC
btc-e: 16,402 BTC
campbx: 1,700
goxUSD down to 58% of market according to b.tc.charts: http://bitcoincharts.com/charts/volumepie/
Nearest competitor - 12%
Almost all of the whales are on MtGox, so on big sell off days whales make their moves and will skyrocket the volume on Gox compared to the other exchanges. On normal days Bitstamp and the other exchanges share a much bigger piece of the volume pie. So on average MtGox takes around 58% of the total volume, but on a day as today it's more like 75% because of the whales.
June 09, 2013, 05:04:17 PM
Following the pattern 1:1?10 = 100 now? Looks uncanny similar if you multiply the numbers by 10. Doubt it will keep following the same pattern though, at least not so closely.
well, conclusion:
100 will be 1000 in two years???
June 09, 2013, 05:03:31 PM
June 09, 2013, 05:03:24 PM
....
I would like to hear you undermine this claim of mine:
The only reason why somebody would go and exchange fiat for bitcoin right now (not counting speculation, store of value) is to spend it on Silkroad. Nobody in right mind would go and exchange it to btc only to buy something they could have bought instantly with traditional methods. And the only thing that they can't, are silkroad goods. YES if you already have bitcoins then you might use them on other stuff, if you mine, you will use them. But this is minority of people. I'm talking about general public.
you're still throwing in that stuff you said some days ago?
he does seem to be a one-trick monkey always managing to insert his belief about Silk Road being 90% of the Bitcoin economy into any sort of discussion. Wonder why it's so dear to him?
Sort of like Coinseeker whose basic agenda seems to be proclaiming his opinions (aka. rationality and logic) superior to disagreeing opinions (aka. fanatical ideology).
Did I just turn myself into a one-trick monkey by making fun of Coinseeker for nth time now? Oh the irony I can't handle it...
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