Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33480.

adamstgBit

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Quote from: Jokah on May 17, 2013, 05:52:11 PM

I'm not a day trader but I follow the this thread (ie. the best thread to keep up to date in bitcoin and recent events) but as my spare time is limited I struggle to follow every page.

I'd just like to know what peoples opinions are on why the price is currently going up. My feeling is people buying in anticipation on what this weekends events will produce?

I'd start a separate thread but I've been lurking around here for a few years now and have learned that this thread is the best source of opinions (in my opinion Wink

).

there's a lot going on, and its all being down played by the "bad news" that the government is starting to regulate the cash flow out of bitcoin.
IMO the fact that government is taking notice is a good thing, and i see big projects in the works, with some real funding backing it up, this will have serious consequences for bitcoin.

when the FUD turns to Facts, bitcoin will blast off with more force then we have ever seen before.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Jokah

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I can see these walls have been going up but people still need to have the confidence to buy into them. Which I presume is down to the anticipation that this weekend has built up to. It seems to me a lot have been sitting on the fence waiting to see what happens this weekend and now people are trying to get there foot in the door before the next guy.

Abandon

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Quote from: Jokah on May 17, 2013, 05:52:11 PM

I'm not a day trader but I follow the this thread (ie. the best thread to keep up to date in bitcoin and recent events) but as my spare time is limited I struggle to follow every page.

I'd just like to know what peoples opinions are on why the price is currently going up. My feeling is people buying in anticipation on what this weekends events will produce?

I'd start a separate thread but I've been lurking around here for a few years now and have learned that this thread is the best source of opinions (in my opinion Wink

).

It might be in part because of the weekends event, but I think it's more because of a steady build up to challenging the $120 price (After many attempts), and once it broke out, it went on to the next tier.

At the time $113 or so was a very strong support, that was crawling up on the price, and that helped scare it up, I think.

Jokah

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I'm not a day trader but I follow the this thread (ie. the best thread to keep up to date in bitcoin and recent events) but as my spare time is limited I struggle to follow every page.

I'd just like to know what peoples opinions are on why the price is currently going up. My feeling is people buying in anticipation on what this weekends events will produce?

I'd start a separate thread but I've been lurking around here for a few years now and have learned that this thread is the best source of opinions (in my opinion Wink

).

adamstgBit

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Quote from: oda.krell on May 17, 2013, 05:46:31 PM

Quote from: adamstgBit on May 17, 2013, 05:43:40 PM

Quote from: oda.krell on May 17, 2013, 05:42:05 PM

What just happened there? The order book isn't that thin that such a jump should happen for a 100 btc trade. Mtgox order matching failure, or am I missing something?

clearly there was more than 100 BTC traded

I meant "100 btc in a single order". Look at the graph, or the order history: market price jumped from 124.18 to 121.70, after a ~100 btc trade. Don't tell me that's usual?

oh ic, that was a sell ( see the red arrow )

someone buy 103.67 at 124.18$
1/2 a second later someone sells 0.86 at 121.70$

the price jumps up and down wildly because the spread between bid and ask was high

this is not unusual in a rally, their always someone trying to sell a few coins after every big buy to make price LOOK lower than it really is.

Abandon

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Quote from: oda.krell on May 17, 2013, 05:46:31 PM

Quote from: adamstgBit on May 17, 2013, 05:43:40 PM

Quote from: oda.krell on May 17, 2013, 05:42:05 PM

What just happened there? The order book isn't that thin that such a jump should happen for a 100 btc trade. Mtgox order matching failure, or am I missing something?

clearly there was more than 100 BTC traded

I meant "100 btc in a single order". Look at the graph, or the order history: market price jumped from 124.18 to 121.70, after a ~100 btc trade. Don't tell me that's usual?

It was the 1160 and 749 bitcoin trades. You might have missed seeing them. And that caused a large difference in price.

Also someone else removed their support order.

oda.krell

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Quote from: adamstgBit on May 17, 2013, 05:43:40 PM

Quote from: oda.krell on May 17, 2013, 05:42:05 PM

What just happened there? The order book isn't that thin that such a jump should happen for a 100 btc trade. Mtgox order matching failure, or am I missing something?

clearly there was more than 100 BTC traded

I meant "100 btc in a single order". Look at the graph, or the order history: market price jumped from 124.18 to 121.70, after a ~100 btc trade. Don't tell me that's usual?

Abandon

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Not that it has recovered, does this strengthen support or weaken it?

adamstgBit

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Quote from: oda.krell on May 17, 2013, 05:42:05 PM

What just happened there? The order book isn't that thin that such a jump should happen for a 100 btc trade. Mtgox order matching failure, or am I missing something?

clearly there was more than 100 BTC traded

oda.krell

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What just happened there? The order book isn't that thin that such a jump should happen for a 100 btc trade. Mtgox order matching failure, or am I missing something?

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Miz4r on May 17, 2013, 05:10:32 PM

Quote from: crazy_rabbit on May 17, 2013, 05:06:27 PM

Quote from: Digikeys on May 17, 2013, 05:02:05 PM

Someone is slowly offloading a lot of coins on Bitstamp at pretty reasonable prices...

a $6 price difference that won't last long. I wish I had fiat on Bitstamp!

If you live in the EU you can get fiat in within 24 hrs with a SEPA deposit.

24 Hours is an EON in Bitcoin land. You might as well be saying I can get fiat in by the next ice age. :-)

adamstgBit

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either you manipulate the walls or the walls manipulate you

samson

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Quote from: SlipperySlope on May 17, 2013, 05:31:57 PM

Support bid wall at $120 has been removed in the face of this possible trend reversal.

I noticed that - it's not looking so great right now

SlipperySlope

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Stephen Reed

Support bid wall at $120 has been removed in the face of this possible trend reversal.

wilfried

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ManualMiner

yeah, buy time

SlipperySlope

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Stephen Reed

Bid wall at $122 is being consumed. Volume modest.

Abandon

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Someone just sold 1160 bitcoins at once!

-edit-

Someone else sold 749!

adamstgBit

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i'm not sure why, maybe it was my buys at 100$, but i'm:

up Up UP!

Miz4r

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Quote from: ?? on ??

Quote from: Miz4r on May 17, 2013, 05:10:32 PM

Quote from: crazy_rabbit on May 17, 2013, 05:06:27 PM

Quote from: Digikeys on May 17, 2013, 05:02:05 PM

Someone is slowly offloading a lot of coins on Bitstamp at pretty reasonable prices...

a $6 price difference that won't last long. I wish I had fiat on Bitstamp!

If you live in the EU you can get fiat in within 24 hrs with a SEPA deposit.

and you'll never get it back

I haven't had any bad experience with them yet, good and responsive support and no problem moving fiat in and out at all. Did you have a problem with them?

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