Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33227.

samson

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Quote from: KillaMarci on May 24, 2013, 03:38:50 PM

Quote from: SZD on May 24, 2013, 03:35:23 PM

Quote from: KillaMarci on May 24, 2013, 03:29:59 PM

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

Huh

Cause a lot of ppl are worried about all of gox's assets getting frozen and price increases there being panic buying to transfer off.

There's definitely tension in the air. Lots of panic selling as soon as there's even a slight downturn on Gox...

Not on Gox there isn't

Miz4r

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Quote from: KillaMarci on May 24, 2013, 03:29:59 PM

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

Huh

I wouldn't call a $1-2 drop shitting themselves. MtGox dropped by $2 dollars as well so fast and twitchy fingers on Bitstamp will sell immediately to make a quick buck. Besides it takes more fiat to drive up the price on Bitstamp than it takes bitcoins to drive the price down. Bid side is pretty thin close to the market price.

BitcoinAshley

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Quote from: Miz4r on May 24, 2013, 01:21:16 PM

Quote from: niothor on May 24, 2013, 01:17:35 PM

Ok , let's hold the bulls a bit and be serious , with facts
NIKKEI is way higher than it was one month ago , even with the drop , ( not 12%) and currently is running green at +0.9%.

Let's not get into another Cyprus story

You think the NIKKEI can just drop >7% in one day and then recover the next day as if nothing has happened? Everyone has seen how much the stock market is built on hot air and how unstable it is, we have definitely not seen the last of this dip.

NIKKEI wall observer thread Grin

edit: I agree with Miz4r. NIKKEI 225 is not bitcoin, niothor. 7% swings are not routine; in fact, they are quite alarming in the current market environment. Bitcoin behaves like a penny stock so it's OK to pass off huge swings by saying "Oh it's still higher than it was a month ago." The NIKKEI is what we call a "real world market" with "big boys" and "real companies" and "real exchanges that don't suck" Wink

Not as simple as just ignoring a 7% dump like we can do with bitcoin.

KillaMarci

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Bitcoin Mininode...and proud!

Quote from: SZD on May 24, 2013, 03:35:23 PM

Quote from: KillaMarci on May 24, 2013, 03:29:59 PM

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

Huh

Cause a lot of ppl are worried about all of gox's assets getting frozen and price increases there being panic buying to transfer off.

There's definitely tension in the air. Lots of panic selling as soon as there's even a slight downturn on Gox...

samson

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Activity: 2097

Merit: 1070

Quote from: SZD on May 24, 2013, 03:35:23 PM

Quote from: KillaMarci on May 24, 2013, 03:29:59 PM

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

Huh

Cause a lot of ppl are worried about all of gox's assets getting frozen and price increases there being panic buying to transfer off.

Really ? What people ?

SZD

newbie

Activity: 33

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Quote from: KillaMarci on May 24, 2013, 03:29:59 PM

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

Huh

Cause a lot of ppl are worried about all of gox's assets getting frozen and price increases there being panic buying to transfer off.

KillaMarci

member

Activity: 84

Merit: 10

Bitcoin Mininode...and proud!

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

Huh

tHash

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Quote from: adamstgBit on May 24, 2013, 03:19:50 PM

yup bid / ask sum is at an all time high
i wouldn't worry about both bid sum and ask sum moving down together, this is the result of mtgox losing significant market share
BitStamps is a good alternative ( is it US based? )
but i want to see coinLab come out with its super doper trading platform they have been talking about, I won't hold my breath.

This is the 15 day chart. Check out the all time chart. Bid/ask sum was higher for a lot of April, but then price was a lot higher too. Still is nice to see it rising further and further above the current price.

The chart is found at http://www.blockchained.com/

adamstgBit

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Trusted Bitcoiner

Quote from: Rampion on May 24, 2013, 03:10:44 PM

Quote from: adamstgBit on May 24, 2013, 02:47:07 PM

the bid / ask sum must look ridiculous right now.

can someone post a pic idk where to get that one.

Your desires are orders

yup bid / ask sum is at an all time high
i wouldn't worry about both bid sum and ask sum moving down together, this is the result of mtgox losing significant market share
BitStamps is a good alternative ( is it US based? )
but i want to see coinLab come out with its super doper trading platform they have been talking about, I won't hold my breath.

Rampion

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