Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33430. (Read 26496897 times)

You're gonna get a bear tag for this!

Under 10% of people in China own a car. 40% of families don't own a fridge. The average Chinese person has the same buying power an 9 year old american boy. The people in China with money, will buy/hold/sell BTC as they please. Mass adoption in China was overblown, buying a fridge ranks slightly higher then BTC.

I love the short TF trend lines i see in this topic... It remembers me how PRO I'm compared to the average guy here
[/modesty]

The rally broke through resistance at $123 and has paused near $127. Volume continues to be modest.

The source is Been Reeves aka piuk, the guy running blockchain.info. Check the source link, the reddit guy copied and pasted the email Ben received from Twilio.

The consensus seems to be that the post on reddit was just to try and troll the price down.   It was made by a user with 1 post, and there is no further confirmation.   I would say wait to hear it from a reputable source before we worry too much anyway.   Not that we should worry, because if there is one thing that makes people want something all the more, it is to tell them that they aren't allowed . . .

Walzilla Jr. moved his wall back to $120 on Bitstamp, I think he got tired of endlessly chasing the price and will resume when price comes down again.

 

BUY BUY BUY 

Oh, they have been going on and on for a while already, I'm not too worried: http://www.youtube.com/watch?v=J7GFfJVo_KY

Bitstamp's $100k bid wall is not fake at all. Being chewed ATM.

It's funny to see such a small wall looking so relatively big and menacing. Good news guys, at Bitstamp we can all be big time manipulators

That's pretty big news. I don't like the sound of it one bit. The media could dine out on that.

A speed bump.    Kidding of course.

I know exactly why it went up... Last night I said f*** it and sold at 124.xx, so of course it rises to 126 today...

Well the ask wall on bitstamp doesn't look so scary anymore now.

Yeah, a tiny $120k wall looks like a super wall at Bitstamp

Do you remember our good old Wallzilla, with his $2M wall, pumping the price up before his dump?

Just to give some context, $2M is exactly x2 the total amount of fiat sitting on Bitstamp's order book.

Imagine how that wall would look on Bitstamp

1000BTC buy wall @ 120 just appeared on Bitstamp.  

Haha the first government that starts fighting. I say: Bring it!

If BTC is banned in China that is terrible new, no two ways around that. We want to be able to use BTC for purchases and stuff. It will be underground there but the point is to have a new global money system, maybe not "the" system.

Nikkei crashing I agree is good news for BTC and for those who don't agree with just printing money. It is stealing from savers.

The Gox lawsuit was great as it got people on their toes and started a diversification that was needed. Further this is opening up opportunities for other exchanges.

Well, we know at least the security part of BTC is safe. The unsafe parts lie at the users level and of course in a bigger way at the government level.

Regarding that last point, look at what is happening to currencies all over the world. Essentially we have "managed" hyperinflation! Confidence is all that is keeping the system up. If a few more
stock market crashes happen like in Japan today, this ship can topple and that lack of confidence would just open up the flood gates to Bitcoin and other stores of value (see Cyprus - I spelled it right this time, please note). Now, in that way, what do you have to lose? (A government closing it down? A price crash? ) You need some store of wealth. Gold and Silver work but the banks and/or hedge funds have been naked short selling them and you can be sure that will continue as they do not want people to lose confidence in the Dollar, Euro, etc.
But people are still buying them up. So, safe to me is a relative thing. The whole reason why BTC is here right now.

When the stock markets start crashing the currencies will be right behind them (maybe not in that order) and then you will see a disconnect between dollars/Euros/etc. and gold/silver/btc. You will want to be holding something in your control, not a governments or states or military's.

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?