We are also just getting the answer to a question I posted yesterday: What happens on bitstamp if mtgox rises to 125?
Answer: The price is stuck at the slope (currently at 119.79), which gets eaten, but way way slower then the price on mt.gox rises -> spread is growing. And no way to day trade, obviously...
Arbitragers, where are you when we need you?
I'm all in as well, what else you gonna do during a slow steady rise...
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33247. (Read 26463877 times)
May 23, 2013, 08:43:26 AM
May 23, 2013, 08:40:39 AM
The way I see the current situation is that some 'asshat' decided to purchase about $1Million worth of Bitcoin on Friday 17th breaking through several walls and driving the price up to $125.xx, probably in order to incite a large scale rally like the ones we've seen since the crash.
I wouldn't be surprised if he purchased some of his own sell walls to make the rise look even more dramatic than it was, however that's up for debate as there's no proof whatsoever, this is speculation after all.
This attempt failed miserably and the price retraced and stagnated and it's took until now for it to recover.
I still expect to see coins priced much lower than $100 at some point in the future but with the current bid walls in place I suspect the price will need to bubble well into overbought territory before it will crash with the kind of velocity required to smash back into double digits.
I'm all in right now.
Just my thoughts.
I wouldn't be surprised if he purchased some of his own sell walls to make the rise look even more dramatic than it was, however that's up for debate as there's no proof whatsoever, this is speculation after all.
This attempt failed miserably and the price retraced and stagnated and it's took until now for it to recover.
I still expect to see coins priced much lower than $100 at some point in the future but with the current bid walls in place I suspect the price will need to bubble well into overbought territory before it will crash with the kind of velocity required to smash back into double digits.
I'm all in right now.
Just my thoughts.
May 23, 2013, 08:36:01 AM
Looks like the slow upwards rally continues.
The bid sum is not increasing though.
The bid sum is not increasing though.
Ask sum is falling again, so relatively speaking the bid sum is increasing.
May 23, 2013, 08:32:58 AM
Looks like the slow upwards rally continues.
The bid sum is not increasing though.
The bid sum is not increasing though.
May 23, 2013, 08:29:25 AM
btc like gold is the new fear index 
1hour before new york stock exchange opens
1hour before new york stock exchange opens 
May 23, 2013, 08:27:27 AM
This is great. I didn't even know about the Nikkei slide until just now. BTC didn't miss a beat.
How did your stocks do vs BTC in the last 24 hours?
How did your stocks do vs BTC in the last 24 hours?
May 23, 2013, 08:27:25 AM
Slow steady rise, nice!
May 23, 2013, 08:24:51 AM
NIKKEI COLLAPSING. BITCOIN UP
May 23, 2013, 08:19:54 AM
Speculation: people have sold their stocks on the stock market since that market is over the top now and are moving into bitcoin. 
Japan/YEN trade off, Bitcoin ON May 23, 2013, 08:18:12 AM
Speculation: people have sold their stocks on the stock market since that market is over the top now and are moving into bitcoin.
May 23, 2013, 08:17:32 AM
124.5 guy moved some coins up to 125
He's walking us up, bit by bit. Would like to see support from others too, but take what we get I guess.
May 23, 2013, 08:13:11 AM
124.5 guy moved some coins up to 125
May 23, 2013, 08:11:06 AM
New daily high of 125.12, looks like people are really in a buying mood today.
May 23, 2013, 08:10:31 AM
Battle for 125 begins again
311 takes us through it.
531 to get below 124.5
EDIT: That was quick
311 takes us through it.
531 to get below 124.5
EDIT: That was quick
Was about time that we get some movement here. Allthough i really like stability for the sake of Bitcoin, i really miss the excitement of the last few weeks.
Cheers
May 23, 2013, 08:10:05 AM
Whisper it quietly:
We just tip-toed over $125.
We just tip-toed over $125.
May 23, 2013, 08:06:19 AM
Battle for 125 begins again
311 takes us through it.
531 to get below 124.5
EDIT: That was quick
311 takes us through it.
531 to get below 124.5
EDIT: That was quick
May 23, 2013, 08:03:19 AM
May 23, 2013, 07:37:09 AM
Any TA I post is strictly for fun (blah blah pseudo-science etc). However I do think it is interesting
I think you really do need to log at it in log scale at these timescales.
I also don't think referring to just the lows is TOO meaningful as you are also incorporating a very bullish phase in your trend there.
If you've seen my charts, your 1.4% figure is lower but close to my 1.862% average daily growth that was the dominant trend so far of 2013 in the run-up to the spike.
We've definitely broken that trend though and I don't think bridging the whole of 2013 into a single trend works at all any more as we've had: stability, sustainable growth, irrational exuberance, panic-selling, recovery and now stability again long enough to be seen as trends all within 6 months.
May 23, 2013, 07:16:11 AM
A little short on insight and analysis but sums up why Bitcoin is going to make waves one way or another.
The Napster Effect: why Bitcoin really matters
The Napster Effect: why Bitcoin really matters
May 23, 2013, 07:03:11 AM
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