bye bye 115 
And thats all about china
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33707. (Read 26497304 times)
May 06, 2013, 03:02:31 PM
May 06, 2013, 03:01:34 PM
bye bye 115
May 06, 2013, 02:58:02 PM
"That's not what "regulate" means. It means when exchanges get legal protections, and scammers can be prosecuted. CFTC watches over exchanges of commodities, and makes sure people aren't running ponzi schemes etc. This sort of thing is important for BTC to make it onto mainstream forex markets."
So the news is bullish? Anyone has any opinions?
So the news is bullish? Anyone has any opinions?
May 06, 2013, 02:46:32 PM
So where is all the dumping from yesterdays monumental wall owner?
I guess this is bragging, but turns out I was right, we are 15 usd past it. What happened to all those 'obvious manipulations'?
Two little walls at 124 and 125, the latter have been there all day, I don't think the market will move outside the 110~122 for a while. A climb of a couple of dollar for today. I for one am fine with this progress.
I guess this is bragging, but turns out I was right, we are 15 usd past it. What happened to all those 'obvious manipulations'?
Two little walls at 124 and 125, the latter have been there all day, I don't think the market will move outside the 110~122 for a while. A climb of a couple of dollar for today. I for one am fine with this progress.
May 06, 2013, 02:44:20 PM
Not enough sell volume to create a semi-panic for now. Probably need 10k'ish red candle to start something interesting.
uhm... never say never... downtrend is still going...
May 06, 2013, 02:43:41 PM
All I have nearby is this:
Oh my fucking god! That is the most perfect pic I've ever seen!
May 06, 2013, 02:38:38 PM
Here we go again bulls:
May 06, 2013, 02:35:24 PM
All I have nearby is this:
May 06, 2013, 02:34:46 PM
Quick, someone make a JPEG Meme with: "It's not Monopoly Money".
May 06, 2013, 02:34:14 PM
now we go into 100$ direction china isnt that big deal to handle 120$
May 06, 2013, 02:21:20 PM
+1
In theory, yes. But is there a seller willing to sell at these low levels, who already has sold to cash out $2M (which is 20k coins)? In my calculation, there are only about 40 people in the category.
It is possible that he is a buyer after all, no matter how unreasonable it is.
(When I was a newb about 6 weeks ago, I showed $130k wall in Bitstamp just for the lulz, and ended up buying at an average 6% higher than the point of showing the wall, I also drove the price from 2% discount to Mt.Gox to 2% premium. Now I am smarter and know how to play. Still I might do things just for the lulz, like the mindless crash of 14. Feb makers who wanted a red Valentine candle).
In theory, yes. But is there a seller willing to sell at these low levels, who already has sold to cash out $2M (which is 20k coins)? In my calculation, there are only about 40 people in the category.
It is possible that he is a buyer after all, no matter how unreasonable it is.
(When I was a newb about 6 weeks ago, I showed $130k wall in Bitstamp just for the lulz, and ended up buying at an average 6% higher than the point of showing the wall, I also drove the price from 2% discount to Mt.Gox to 2% premium. Now I am smarter and know how to play. Still I might do things just for the lulz, like the mindless crash of 14. Feb makers who wanted a red Valentine candle).
If you don't mind my asking, what is your reasoning for the 40 people holding 20k? I have been trying to estimate the numbers of large holders. How many do you estimate hold over 1k?
May 06, 2013, 02:19:50 PM
Some movement at last.
May 06, 2013, 02:19:01 PM
"CFTC head Bart Chilton told the paper Bitcoin “is for sure something we need to explore,” adding, "It's not monopoly money."
Bullish or regulation bad sell? http://www.businessinsider.com/cftc-considering-bitcoin-regulation-2013-5
Bullish or regulation bad sell? http://www.businessinsider.com/cftc-considering-bitcoin-regulation-2013-5
Full quote:
FT: US regulators eye Bitcoin supervision - http://www.ft.com/intl/cms/s/0/b810157c-b651-11e2-93ba-00144feabdc0.html#axzz2SXW9UnLr
Quote
“It’s not monopoly money we’re talking about here – real people can have real risk in these instruments, and we need to ensure that we protect markets and consumers, even in what at first blush appear to be ‘out there’ transactions.”
May 06, 2013, 02:18:45 PM
rpietila did you do...something just now? Prices are dropping.
he got all in
May 06, 2013, 02:17:02 PM
rpietila did you do...something just now? Prices are dropping.
May 06, 2013, 02:16:11 PM
"CFTC head Bart Chilton told the paper Bitcoin “is for sure something we need to explore,” adding, "It's not monopoly money."
Bullish or regulation bad sell?
http://www.businessinsider.com/cftc-considering-bitcoin-regulation-2013-5
Bullish or regulation bad sell?
http://www.businessinsider.com/cftc-considering-bitcoin-regulation-2013-5
May 06, 2013, 02:13:36 PM
Before we get ahead of ourselves, do we need a reminder that google trends is a lagging indicator?
Also:
Gee, they sure haven't had much of a problem doing that so far...
Actually, with the amount of time the presses are on each month, it's a herculean feat of economic wizardry that the amount being printed has not already caused a hyperinflation event. The magic isn't going to last forever.
People in mainland China seldom use Google, they use Baidu. Also:
Quote
It prevents the US from devaluing the currency
Gee, they sure haven't had much of a problem doing that so far...
Actually, with the amount of time the presses are on each month, it's a herculean feat of economic wizardry that the amount being printed has not already caused a hyperinflation event. The magic isn't going to last forever.
There was already a spike in Bitcoin search volume there after that tv documentary.
http://index.baidu.com/main/word.php?word=%B1%C8%CC%D8%B1%D2
相关趋势 比特币
1周 +63% 1月 +767% 1季度 +3588%
translation:
Related trend Bitcoin
this week +63% month +767% season +3588%
daily search volume ~70000
People saying that CCTV show having no impact in China are in denial.
interesting stats here. there will be big developments in china in the next months. thanks ronaldlee0917 for that info
May 06, 2013, 02:12:15 PM
Hourly shows 5 tests of 125 and 5 fails over 13 hours. I can't see a breakout any direction but down here.
When was 125 tested? We have not even reached 125 yet. The high is 124.9.
That's exactly 125 testing..
May 06, 2013, 02:08:18 PM
Can I buy sub-100 back or no?? 
I believe yes, but unfortunately not much lower. Being short of BTC is quite a bad feeling, isn't it?
May 06, 2013, 02:07:26 PM
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