Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 33638. (Read 26496208 times)

I can see dry paint.

Does anyone have any theory as to why we've stopped at 112-114?

Look at the ask bids 114-120. Bouncing between 14k-20k. Way too many coins for a $6 span. Unless someone drops 2M we're not going up for the time being.

I guess you're probably right, but 6k isn't that much. The bid sum has just touched the ask sum, might be crossing any time now. We should be at least at 117-118.

The volume is almost half of what it was during the weekend though.

Who is in a rush to drop half a million on bitcoins? Let them coin dump and fill your bids you end up with more coins. A lot of those coins were bought 98-110 and tossed up from 110-120. No one is in a rush to pay them off. No one wants to hold so its slow going up ATM. If I'm looking to buy in right now I'm waiting for a drop. Based on the last few weeks those come around a fair bit.

This is awesome IMHO. Rather than market buys, which contribute to volatility, new money is placing bids. Rather than just wanting to hold long term, or dump and lose potential profits through slippage, holders are placing asks. I hope this trend continues, having a very liquid market with limited slippage is the best thing we could hope for.

ChartBuddy

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tHash

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Quote from: solex on May 08, 2013, 04:52:39 PM

I guess you're probably right, but 6k isn't that much. The bid sum has just touched the ask sum, might be crossing any time now. We should be at least at 117-118.

The volume is almost half of what it was during the weekend though.

"The bid sum just touched the ask sum" This doesn't really mean anything. Well, at the current scale of the chart, it does mean that ask sum is shrinking or bid sum is rising, or both. The Y-axis of bid sum and ask sum are scaled to their respective highs and lows, with no correlation to each other.

I do agree that we should be rising a bit based on a number of factors.

Volume is peaks at times when volatility is at it's highest. What day of the week it falls on is arbitrary.

SAQ

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Quote from: fitty on May 08, 2013, 04:52:12 PM

I can see dry paint.

Does anyone have any theory as to why we've stopped at 112-114?

Look at the ask bids 114-120. Bouncing between 14k-20k. Way too many coins for a $6 span. Unless someone drops 2M we're not going up for the time being.

Indeed. This was my bold prediction - with some maths to back it up instead of the usual arm-waving...

https://bitcointalksearch.org/topic/m.2030976

You're not suggesting we've reached saturation?

Rampion

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I can see dry paint.

Does anyone have any theory as to why we've stopped at 112-114?

Look at the ask bids 114-120. Bouncing between 14k-20k. Way too many coins for a $6 span. Unless someone drops 2M we're not going up for the time being.

I guess you're probably right, but 6k isn't that much. The bid sum has just touched the ask sum, might be crossing any time now. We should be at least at 117-118.

The volume is almost half of what it was during the weekend though.

Who is in a rush to drop half a million on bitcoins? Let them coin dump and fill your bids you end up with more coins. A lot of those coins were bought 98-110 and tossed up from 110-120. No one is in a rush to pay them off. No one wants to hold so its slow going up ATM. If I'm looking to buy in right now I'm waiting for a drop. Based on the last ~~few weeks~~ few years those come around a fair bit.

Let me correct that for you

solex

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100 satoshis -> ISO code

I can see dry paint.

Does anyone have any theory as to why we've stopped at 112-114?

Look at the ask bids 114-120. Bouncing between 14k-20k. Way too many coins for a $6 span. Unless someone drops 2M we're not going up for the time being.

Indeed. This was my bold prediction - with some maths to back it up instead of the usual arm-waving...

https://bitcointalksearch.org/topic/m.2030976

Rampion

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BTC14.64k wall at $120 seems quite solid. It doesn't look like it's crumbling easily

fitty

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Quote from: Rampion on May 08, 2013, 04:40:09 PM

I can see dry paint.

Does anyone have any theory as to why we've stopped at 112-114?

Look at the ask bids 114-120. Bouncing between 14k-20k. Way too many coins for a $6 span. Unless someone drops 2M we're not going up for the time being.

I guess you're probably right, but 6k isn't that much. The bid sum has just touched the ask sum, might be crossing any time now. We should be at least at 117-118.

The volume is almost half of what it was during the weekend though.

Who is in a rush to drop half a million on bitcoins? Let them coin dump and fill your bids you end up with more coins. A lot of those coins were bought 98-110 and tossed up from 110-120. No one is in a rush to pay them off. No one wants to hold so its slow going up ATM. If I'm looking to buy in right now I'm waiting for a drop. Based on the last few weeks those come around a fair bit.

Odalv

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Quote from: tHash on May 08, 2013, 04:35:00 PM

Quote from: fourkey2001 on May 08, 2013, 04:15:51 PM

Push the buying...this will fall like crazy!

113 now... Nothing to push it up. BTC has lost the faith at higher prices.

We want a stable currency not a crazy one.

Let it go down and it will be stable then.

It is stabilizing, right where we are.

You might say that BTC has gained the faith at any lower prices. It's called consolidation. If bid sum was falling during consolidation, then we would see a breakout downwards. It has however been rising. More likely to breakout upwards, only there is no way to know. I am still not all in . . .

There is way too much support growing to ever see the prices you seem to want. The only reason to want the price down is so that you can buy in, and then what? Celebrate when it goes up 150%? It makes more sense that you buy in now, and gain 150% from here, and it would be better for BTC if you buy in now and "only" realize a 50% increase.

If BTC goes down as much as you want, it will do anything but stabilize.

Good points

And yeah, he wants the price to go down so he can buy more, that's what I'm saying: bulls disguised as bears everywhere

Who panic buy the first panic buy the best. :-)
Who dump the first dump the best. :-)

No one knows what to do, but every wants to be rich tomorrow. Manipulation works (hypnotized with $) => bitcoin PRICE now looks like bitcoin VALUE.

teletobi

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Quote from: SAQ on May 08, 2013, 04:48:00 PM

3 million downloads

Does that mean there are at least 2 million bitcoiners? So if we average that, everyone has put in 500 dollars into bitcoin, giving it a current market cap of 1 billion.

The only white Flag in the Middle of Africa?

SAQ

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3 million downloads

https://i.imgur.com/8IZehaV.png

Does that mean there are at least 2 million bitcoiners? So if we average that, everyone has put in 500 dollars into bitcoin, giving it a current market cap of 1 billion.

Richy_T

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Anyone care to make a Coinageddon countdown timer?

Rampion

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SAQ

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