Quote
Much of what we know about Bitcoin's early economy, beyond historical price data, comes from a forum thread titled "Wall Observer" which preserved important orderbook states.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33725. (Read 26462497 times)
April 20, 2013, 11:35:12 AM
Quote from an economics textbook 50 years from now:
April 20, 2013, 11:33:05 AM
The volume is so low - 61k - compared to around 310k yesterday
Don't worry about it, it's the weekend. It always slows down during the weekend.
April 20, 2013, 11:28:52 AM
The volume is so low - 61k - compared to around 310k yesterday
Don't worry about it, it's the weekend. It always slows down during the weekend. 
April 20, 2013, 11:19:53 AM
The volume is so low - 61k - compared to around 310k yesterday
Don't worry about it, it's the weekend. It always slows down during the weekend. April 20, 2013, 11:09:36 AM
The volume is so low - 61k - compared to around 310k yesterday
April 20, 2013, 10:20:52 AM
Let's have a boring weekend shall we?
April 20, 2013, 05:11:07 AM
Not much going on. Support is starting to fill in at $115+ though.
April 20, 2013, 02:33:13 AM
970 buy pushed us over 120, BUY!
April 20, 2013, 01:55:45 AM
Significant buying last 5 min
April 20, 2013, 12:16:45 AM
one of the most boring bitcoin nights in last few months... volume is like it's nvc, not btc
We've had days with extremely low volume (a few 10's of 000's) in the last few weeks. The current volume isn't so low at over 200,000. It's probably just a case of burnout, coinciding with the weekend
yeah, guess I got used on last 2 weeks drama
April 20, 2013, 12:13:35 AM
one of the most boring bitcoin nights in last few months... volume is like it's nvc, not btc
Can't have insanity every day now, can we?
It's good to have some peace and quiet once in a while!
April 20, 2013, 12:13:26 AM
one of the most boring bitcoin nights in last few months... volume is like it's nvc, not btc
We've had days with extremely low volume (a few 10's of 000's) in the last few weeks. The current volume isn't so low at over 200,000. It's probably just a case of burnout, coinciding with the weekend
April 20, 2013, 12:13:00 AM
one of the most boring bitcoin nights in last few months... volume is like it's nvc, not btc
Can't have insanity every day now, can we?
I lost 20$ on last trade, want something to happen to recover that, lol
April 20, 2013, 12:07:05 AM
one of the most boring bitcoin nights in last few months... volume is like it's nvc, not btc
April 19, 2013, 10:47:45 PM
April 19, 2013, 10:46:34 PM
I really regret being so bearish at one point, sold on every bear trap and the 32$ bet. LOL bitcoin
but it felt good taking some money out, cavitex send the cash the following morning. cavitex rules, but they should lower the fees to encourage more day trading...
but it felt good taking some money out, cavitex send the cash the following morning. cavitex rules, but they should lower the fees to encourage more day trading...
well, better that than be one of these noobs chasing the technology bubble you just heard about, throwing down a big bid at $235 while you still don't know what you're getting into, very strongly consider selling as you watch it go to $268 because you know it feels like it's about to pop... you can just feel it... but wait... a bit ... longer.
Then everything crashes including Gox, (and Bitstamp for that matter, though no one talked about it for some reason?) and you have to go out for your birthday dinner with your family and watch a movie afterwards to be polite while you wonder what's happened to all your money.
Get home, sell out at a 40% loss, resolve to be smart and buy back in at the right time because you've learnt enough to believe in BTC. THEN, wait for it, buy back in at $65 on Bitstamp, arbitrage - Bitcoin-24. Sell at €55 BITCOIN-24 GOES DOWN AND ALL YOUR MONEY IS NEVER TO BE SEEN AGAIN.
Then buy back in at $77 and hope it goes up not down shortly before reading lucif's TA on the downward future.
Sorry, just had to get that off my chest
I'm actually quite enjoying it, but that's only cos I'm breaking even at this valuation.
PS - so much for the "hardcore" wall observer thread
April 19, 2013, 10:24:11 PM
I really regret being so bearish at one point, sold on every bear trap and the 32$ bet. LOL bitcoin
but it felt good taking some money out, cavitex send the cash the following morning. cavitex rules, but they should lower the fees to encourage more day trading...
but it felt good taking some money out, cavitex send the cash the following morning. cavitex rules, but they should lower the fees to encourage more day trading...
April 19, 2013, 09:42:34 PM
Yes, it's definitely the sum of each bid at the respective price they were placed at.
If it was the total volume * market price it would change rapidly during price swings, which isn't what happened during the rally yesterday. Also, it wouldn't be very useful at all.
Thanks ... that's pretty solid evidence.
Agreed, it would not be very useful otherwise, but I would be a fool not to check ... and we all know what happens to fools and their money
And thanks to sauna and BitPirate too
April 19, 2013, 09:34:41 PM
He's asking if the Bid sum is the either:
The product of the number of BTC bids * current market price
OR
The sum of each BTC * the price of that bid.
It's the latter.
The product of the number of BTC bids * current market price
OR
The sum of each BTC * the price of that bid.
It's the latter.
That was exactly what I was asking ... thankyou
Agreed, BitPirate, would not make much sense otherwise - that's why I wanted to check
No disrespect to either of you, but there is a 'junior member' saying it is so (and a junior member asking
) and you, a 'senior member' saying you believe it is so ... can anyone else say definitively that it is so ?Yes, it's definitely the sum of each bid at the respective price they were placed at.
If it was the total volume * market price it would change rapidly during price swings, which isn't what happened during the rally yesterday. Also, it wouldn't be very useful at all.
April 19, 2013, 09:21:00 PM
He's asking if the Bid sum is the either:
The product of the number of BTC bids * current market price
OR
The sum of each BTC * the price of that bid.
It's the latter.
The product of the number of BTC bids * current market price
OR
The sum of each BTC * the price of that bid.
It's the latter.
That was exactly what I was asking ... thankyou
Agreed, BitPirate, would not make much sense otherwise - that's why I wanted to check
No disrespect to either of you, but there is a 'junior member' saying it is so (and a junior member asking
) and you, a 'senior member' saying you believe it is so ... can anyone else say definitively that it is so ?Jump to: