Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33905. (Read 26713745 times)
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
May 06, 2013, 02:06:58 PM
Does anybody know if the May 5th. value is accurate? It's showing up as 0.
As far as I can tell, the latest one is always 0.Ah okay. That makes sense then. Was wondering why the searches suddenly dropped down to 0 on Google Trends...
But on that chart you can pretty clearly see that China didn't have that big of an impact. Otherwise you would see it in the searches I presume? Although I'm not sure wether Google in blocked/censored in China.
somebody was faster than me. sorry for doublepost May 06, 2013, 02:04:03 PM
Does anybody know if the May 5th. value is accurate? It's showing up as 0.
All of Google's charts show today's incomplete data
googlesearch statistics are perhaps representative in western civilsation.
But e.g. in china Baidu is the biggest search engine. would be interesting to get some statistics from there.
May 06, 2013, 02:01:37 PM
May 06, 2013, 01:57:25 PM
Does anybody know if the May 5th. value is accurate? It's showing up as 0.
As far as I can tell, the latest one is always 0.Ah okay. That makes sense then. Was wondering why the searches suddenly dropped down to 0 on Google Trends...
But on that chart you can pretty clearly see that China didn't have that big of an impact. Otherwise you would see it in the searches I presume? Although I'm not sure wether Google in blocked/censored in China.
May 06, 2013, 01:57:04 PM
Ooh, bowl is tilted to the downside. Poll: should I send 2k to Gox to crash it (1k sell + 1k wall)?
Can I buy sub-100 back or no??
Can I buy sub-100 back or no??
You wouldn't be able to crash anything. There's 2.5k to 117 and the price would quickly shoot up back to 120-121. You'd just be loosing money like last time haha
We're on an uptrend. If the bull is charging towards you with his horns you better move out of the way.
Now if you buy 2k btc, you'll probably make some decent money.
May 06, 2013, 01:56:54 PM
Ooh, bowl is tilted to the downside. Poll: should I send 2k to Gox to crash it (1k sell + 1k wall)?
Can I buy sub-100 back or no??
Can I buy sub-100 back or no??
I'm here with popcorns.
Since the volume is ridiculous and everyone's sitting on the fence, it might be the only chance you can have to manipulate the market with so little money - if compared to Mr. 2M wall.
But I think that the result is uncertain. Correct me here as I'm not good at charts - but I think that few hours ago 30k+ dumps in one hour only moved the price 10$ down.
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