Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33240. (Read 26463921 times)
May 24, 2013, 12:02:16 AM
May 23, 2013, 11:41:27 PM
And the slow creep up begins...
Sentiment: "I hope the price stays low so I can buy more. Crap I shouldnt buy too much at once i might wake up all the other bulls."
Buy: 1 BTC every min
Sentiment: "I hope the price stays low so I can buy more. Crap I shouldnt buy too much at once i might wake up all the other bulls."
Buy: 1 BTC every min
May 23, 2013, 11:28:33 PM
CampBX just peaked above Gox at $128.00. Is that a sign?
May 23, 2013, 11:28:29 PM
Nice resistance at $127. Anyone think we can break through tonight?
I think yes, but not right now
May 23, 2013, 11:14:22 PM
Nice resistance at $127. Anyone think we can break through tonight?
May 23, 2013, 11:10:29 PM
if we can keep up this slow and steady action we've been seeing during the weekend, i think next week will be very interesting 
I think people have been saying next week will be interesting for a few weeks now. I think we are starting to see a nice stabilization and if we do see any drastic spikes upwards out of speculation we can expect to land somewhere around where we are at currently.
well I'm saying next week today...
the prospect of cheap coins was the only thing that was holding us back..... people are confused....
its like they forget what's really happening here....
That's fantastic! The revolution keeps picking up steam.
100 radio stations is one thing, when will bitcoin get it's own superbowl add?
It got it's own section in the Financial Times: http://www.ft.com/intl/indepth/bitcoin :-) Not very nice articles in there... but it's still quite a milestone.
May 23, 2013, 11:08:59 PM
May 23, 2013, 11:02:15 PM
May 23, 2013, 10:32:59 PM
if we can keep up this slow and steady action we've been seeing during the weekend, i think next week will be very interesting
I think people have been saying next week will be interesting for a few weeks now. I think we are starting to see a nice stabilization and if we do see any drastic spikes upwards out of speculation we can expect to land somewhere around where we are at currently.
well I'm saying next week today...
the prospect of cheap coins was the only thing that was holding us back..... people are confused....
its like they forget what's really happening here....
That's fantastic! The revolution keeps picking up steam.
100 radio stations is one thing, when will bitcoin get it's own superbowl add?
May 23, 2013, 10:15:27 PM
^ Such an interesting chat. Who think's chart buddy should post more often, I don't think every hour is quite enough for us to catch all this action.
Chart Buddy should just have a website. As well as post hourly.
May 23, 2013, 10:14:18 PM
^ Such an interesting chart. Who think's chart buddy should post more often, I don't think every hour is quite enough for us to catch all this action.
May 23, 2013, 10:02:19 PM
May 23, 2013, 09:47:29 PM
if we can keep up this slow and steady action we've been seeing during the weekend, i think next week will be very interesting
I think people have been saying next week will be interesting for a few weeks now. I think we are starting to see a nice stabilization and if we do see any drastic spikes upwards out of speculation we can expect to land somewhere around where we are at currently.
well I'm saying next week today...
the prospect of cheap coins was the only thing that was holding us back..... people are confused....
its like they forget what's really happening here....
That's fantastic! The revolution keeps picking up steam.
May 23, 2013, 09:28:21 PM
if we can keep up this slow and steady action we've been seeing during the weekend, i think next week will be very interesting
I think people have been saying next week will be interesting for a few weeks now. I think we are starting to see a nice stabilization and if we do see any drastic spikes upwards out of speculation we can expect to land somewhere around where we are at currently.
well I'm saying next week today...
the prospect of cheap coins was the only thing that was holding us back..... people are confused....
its like they forget what's really happening here....
May 23, 2013, 09:02:25 PM
May 23, 2013, 09:00:13 PM
Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result.
Agreed, but can you tell us what we are dealing with here? Are we talking a currency, stock, commodity, protocol, technology, etc? This is the "problem" and when you add to that the world economic situation, crazy weather patterns, wars and on and on, it becomes an even bigger unknown.
We can't look at this like a regular currency, stock, etc. and we must consider the times. The clue we have is the direction is most probably up. The question is, how much and fast? We can probably agree that we don't know what we are dealing with here.
It is unique, just like the internet was unique when it came out. Comparing BTC to anything traditional is skipping over a lot of variables.
I very much agree with this. Market wise it's clear that we're going up very soon, but the question is such raise is backed by real value or just speculation. I don't see so many exciting news as of lately. It would be important if many websites and retail stores would start accepting bitcoin.
LOL, nothing is clear or guaranteed in any way.
Here's one scenario which could release a lot of tied up BTC and drive the price down.
A lot of people have Bitcoin tied up in ASICMINER shares, for those of you who aren't aware ASICMINER has more than doubled in price over the last couple of weeks and it appears to have already peaked at the moment.
Any large scale sell off of these shares will free up a lot of Bitcoin for profit taking. That's many 1000's of Bitcoin and they could be dumped at a moments notice.
I'm wondering if that guy who purchased $1 Million worth of Bitcoin last friday has been pumping ASICMINER shares all week with his BTC. The timing seems about right to me.
lol you obviously dont have a clue what you're talking about, 1000's of bitcoins? lol do you even have a clue of the depth of asicminer trading?
https://btct.co/security/ASICMINER-PT
tell me exactly where on that order book there will be thousands of bitcoins worth of asicminer shares sold. You can't sell thousands of bitcoins worth of shares if there are no buyers.
I took a quick look at the trading volume and you're right it appears that although a lot of shares have already changed hands in the past few days, I overestimated the quantity and it's not many thousands like I first thought.
You raise an interesting point though. There's no buyers. Considering you know much more about this than I, could you perhaps enlighten me as to what this lack of buyers on the book for ASICMINER shares does suggest ?
May 23, 2013, 08:57:33 PM
Agreed, moonshot bids for $20 coins don't really count. I keep meaning to create an index that divides each bid/ask by the % distance from the current MMR. I think it would be much more insightful. I just can't square the maths to adjust for the fact that bids only differ by 100% but asks can be many 1000% higher. Anyone know how to properly adjust for that?
Simple, just base it on the logarithm of the price.
Thanks, but I think I've got it now. It's simpler than that.
One re-bases the order book so MMR is 1. lets call it $125. A $100 dollar bid at $10 dollars gets weighted by 0.08. An equally weighted ask of $100 would be priced at $1562 (the price at which current MMR represents only 8%.)
So who do I need to beg for historical daily snapshots of the full depth API?
https://bitcointalksearch.org/topic/mtgox-usd-depth-historic-data-for-your-pleasure-88054
I'll pitch in half the 200btm if you share it with me.
May 23, 2013, 08:55:41 PM
if we can keep up this slow and steady action we've been seeing during the weekend, i think next week will be very interesting
I think people have been saying next week will be interesting for a few weeks now. I think we are starting to see a nice stabilization and if we do see any drastic spikes upwards out of speculation we can expect to land somewhere around where we are at currently.
May 23, 2013, 08:52:40 PM
if we can keep up this slow and steady action we've been seeing during the weekend, i think next week will be very interesting
May 23, 2013, 08:12:00 PM
I'm just going to leave this here...
http://www.gizoogle.net/tranzizzle.php?search=https%3A%2F%2Fbitcointalk.org%2Findex.php%3Ftopic%3D174620.0%3Ball&se=Go+Git+Dis+Shiznit
http://www.gizoogle.net/tranzizzle.php?search=https%3A%2F%2Fbitcointalk.org%2Findex.php%3Ftopic%3D174620.0%3Ball&se=Go+Git+Dis+Shiznit
LOL, I need to make this my default browsing portal.
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