Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33427.

hmmmstrange

hero member

Activity: 669

Merit: 500

Quote from: solex on May 23, 2013, 08:47:29 PM

Quote from: adamstgBit on May 23, 2013, 08:28:21 PM

Quote from: Nightowlace on May 23, 2013, 07:55:41 PM

Quote from: adamstgBit on May 23, 2013, 07:52:40 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 Cool

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?

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Quote from: Faraday on May 23, 2013, 09:14:18 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.

Faraday

sr. member

Activity: 240

Merit: 250

^ 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.

ChartBuddy

legendary

Activity: 2352

Merit: 1819

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: adamstgBit on May 23, 2013, 08:28:21 PM

Quote from: Nightowlace on May 23, 2013, 07:55:41 PM

Quote from: adamstgBit on May 23, 2013, 07:52:40 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 Cool

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.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Nightowlace on May 23, 2013, 07:55:41 PM

Quote from: adamstgBit on May 23, 2013, 07:52:40 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 Cool

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....

ChartBuddy

legendary

Activity: 2352

Merit: 1819

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

samson

legendary

Activity: 2097

Merit: 1070

Quote from: ?? on ??

Quote from: samson on May 23, 2013, 05:42:13 PM

Quote from: zemario on May 23, 2013, 05:30:26 PM

Quote from: Its About Sharing on May 23, 2013, 05:11:41 PM

Quote from: solex on May 23, 2013, 05:07:11 PM

Quote from: TsuyokuNaritai on May 23, 2013, 04:31:57 PM

http://www.thegenesisblock.com/bitcoin-trading-are-we-primed-for-a-major-move-higher/

Thoughts?

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 ?

bito

newbie

Activity: 57

Merit: 0

Quote from: kiko on May 23, 2013, 11:06:32 AM

Quote from: moocowpong1 on May 23, 2013, 09:13:55 AM

Quote from: kiko on May 23, 2013, 08:32:48 AM

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.

Nightowlace

hero member

Activity: 980

Merit: 1001

Quote from: adamstgBit on May 23, 2013, 07:52:40 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 Cool

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.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

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 Cool

Chalkbot

legendary

Activity: 896

Merit: 1001

Quote from: TsuyokuNaritai on May 23, 2013, 05:46:07 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

LOL, I need to make this my default browsing portal.

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: samson on May 23, 2013, 05:42:13 PM

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.

No one needs to pump ASICMINER shares. Dude is a genius. He's selling off his 1st gen equipment, which will be considered garbage in 3 months, at 5k a pop. Just as his new shit is arriving. People are investing in him, because he clearly knows what he's doing and has a plan. Anyone who invested 5k USD in him at the start is now a millionaire.

If anyone starts selling lots of ASICMINER shares, there will be 1000 people lined up to buy. While currently a little overpriced, that dude knows his shit inside and out.

And like someone else said, the total amount of BTC tied up, is a drop in the bucket. 10,000s of BTC changes hands daily.

The only reason we'd see dumping right now is from a few whales who helped stabilize the price before and during the conference. When the DHS news hit, between $103-$108 there were 1,000s of BTC purchased, in large chunks (100k-400k USD market orders). The DHS news clearly forced a few people to buy lots of BTC, who at some point might dump it back on the market. But since we're slowly heading up that's probably not going to happen any time soon.

ChartBuddy

legendary

Activity: 2352

Merit: 1819

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

ChartBuddy

legendary

Activity: 2352

Merit: 1819

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: TsuyokuNaritai on May 23, 2013, 05:46:07 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

Im LOLing so hard I shitted my pants

hmmmstrange

hero member

Activity: 669

Merit: 500

Quote from: samson on May 23, 2013, 05:42:13 PM

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.

You are mistaken in your logic. Trading shares have a net sum of zero once they are issued. For every seller there is a buyer.

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

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

samson

legendary

Activity: 2097

Merit: 1070

Quote from: zemario on May 23, 2013, 05:30:26 PM

Quote from: Its About Sharing on May 23, 2013, 05:11:41 PM

Quote from: solex on May 23, 2013, 05:07:11 PM

Quote from: TsuyokuNaritai on May 23, 2013, 04:31:57 PM

http://www.thegenesisblock.com/bitcoin-trading-are-we-primed-for-a-major-move-higher/

Thoughts?

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.

telemaco

sr. member

Activity: 371

Merit: 250