Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33465. (Read 26496376 times)
May 19, 2013, 05:18:01 PM
It has been like that for days now, nothing new. Price on Gox is slightly inflated yes but price on Bitstamp is suppressed due to inflow of coins from MtGox. A decent chunk of the ask side up to 119 has already been eaten the past 2 days though, as you can see that part is rather thin now and appears not to be regrowing fast. I hope this will attract more buyers to bitstamp to restore the equilibrium.
May 19, 2013, 05:03:21 PM
Mmm... I'm a bit worried about the possibility of a violent price drop which appears to be around the corner.
Mtgox' price is 10% inflated, presumably due to high demand of bitcoins for quicker withdraws. So I went and check the other markets, and saw this at bitstamp:
This is not looking very good. I'm not planing to sell the bulk of my bitcoins anytime soon nor am much into trading. Doesn't this feel like th calm before the storm? Is it only me?
Mtgox' price is 10% inflated, presumably due to high demand of bitcoins for quicker withdraws. So I went and check the other markets, and saw this at bitstamp:
This is not looking very good. I'm not planing to sell the bulk of my bitcoins anytime soon nor am much into trading. Doesn't this feel like th calm before the storm? Is it only me?
May 19, 2013, 05:02:16 PM
May 19, 2013, 04:58:58 PM
http://www.predictcoins.com/
Perhaps this will be useful in the future to get sentiment and often accurate predictions. .
Perhaps this will be useful in the future to get sentiment and often accurate predictions. .
May 19, 2013, 04:55:38 PM
+1 Both educational and also entertaining too!
May 19, 2013, 04:54:55 PM
May 19, 2013, 04:53:27 PM
May 19, 2013, 04:49:28 PM
yes better view
+tip 420uBTC
+tip 420uBTC
Threw in a little (faux) perspective. It brings the older bids & asks inwards and helps separate them a bit.
The really funky picture earlier was just a little too much perspective.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
May 19, 2013, 04:45:45 PM
$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better? 
True, compared to world economy $120 is still cheap. But world domination takes time. Historical growth rate of bitcoin is somewhere around a tenfolding every 1-2 years. That just happened, so chances are low it will happen again anytime soon. A black swan event can ofcourse always occur, a single ambitious billionaire jumping into bitcoin can do the trick, so always be exposed to bitcoin with a decent percentage of your capital.
That being said, chances are higher for it to correct after a bubble than for it to launch into a new one shortly thereafter. So a good portion of your bitcoin capital on the sidelines is rational in my opinion.
May 19, 2013, 04:41:37 PM
You know the problem? That the number of actual bitcoins transactions is going down, volume is doing the same and the number of users paying/buying in bitcoins is becoming quickly the same as oct-dec 2012.
These show an uptrend. If they were a price chart you would call the maintrend very bullish
https://blockchain.info/charts/n-transactions?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
https://blockchain.info/charts/my-wallet-n-users
And those show the opposite
https://blockchain.info/charts/n-transactions
https://blockchain.info/charts/n-unique-addresses
Total number of transaction per day is irelevant matched with the unique one. Why? Satoshi Dice. There are people who are doing hundred of them daily so..
Both show a clear long term uptrend ....
Correct wachtwood.
Using the 7-day avg for smoothing
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
The peak matches the $266 peak when a lot of coins came into the market from cold storage. Only dipped since then due to lower price stability.
The number of addresses used is exploding upwards in a month by month view.
May 19, 2013, 04:28:13 PM
+1 Both educational and also entertaining too!
May 19, 2013, 04:25:53 PM
You know the problem? That the number of actual bitcoins transactions is going down, volume is doing the same and the number of users paying/buying in bitcoins is becoming quickly the same as oct-dec 2012.
These show an uptrend. If they were a price chart you would call the maintrend very bullish
https://blockchain.info/charts/n-transactions?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
https://blockchain.info/charts/my-wallet-n-users
And those show the opposite
https://blockchain.info/charts/n-transactions
https://blockchain.info/charts/n-unique-addresses
Total number of transaction per day is irelevant matched with the unique one. Why? Satoshi Dice. There are people who are doing hundred of them daily so..
Both show a clear long term uptrend ....
May 19, 2013, 04:16:33 PM
You know the problem? That the number of actual bitcoins transactions is going down, volume is doing the same and the number of users paying/buying in bitcoins is becoming quickly the same as oct-dec 2012.
These show an uptrend. If they were a price chart you would call the maintrend very bullish
https://blockchain.info/charts/n-transactions?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
https://blockchain.info/charts/my-wallet-n-users
And those show the opposite
https://blockchain.info/charts/n-transactions
https://blockchain.info/charts/n-unique-addresses
Total number of transaction per day is irelevant matched with the unique one. Why? Satoshi Dice. There are people who are doing hundred of them daily so..
May 19, 2013, 04:12:54 PM
May 19, 2013, 04:10:53 PM
You know the problem? That the number of actual bitcoins transactions is going down, volume is doing the same and the number of users paying/buying in bitcoins is becoming quickly the same as oct-dec 2012.
These show an uptrend. If they were a price chart you would call the maintrend very bullish
https://blockchain.info/charts/n-transactions?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
https://blockchain.info/charts/my-wallet-n-users
May 19, 2013, 04:05:42 PM
Please don't start the hoarding discussion again. That discussion is moot, use the search function please. (Oh and if you are a Keynesian all hope's lost for you anyway )
) May 19, 2013, 04:05:06 PM
yes better view
+tip 420uBTC
+tip 420uBTC
May 19, 2013, 04:04:24 PM
Nice chart, buddy!
May 19, 2013, 04:02:17 PM
May 19, 2013, 03:59:58 PM
It should not be about hoarding.
That's my point also , but I bet 99% think (and do) otherwise.
Early one people seem to be doing two things:
1 - Have a BTC savings account (e.g. paper wallet, etc.)
2 - Have a spending account (e.g. - client, e-wallet, android apps, etc.)
At this point in time it seems the users are also trying to spend their BTC's with #2 but they are also holding (hoarding?) for the future. But I don't see that as a long term problem. As the price goes up people will start selling. That has already begin. It is a sort of distribution system. We don't want "wall street" buying things up at these low levels.
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