Wall Observer - MtGoxUSD wall movement tracker - page 470.

rpietila

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Quote from: molecular on March 20, 2013, 02:05:57 AM

(someone on) bitcoin-central.net just went berserker (>€50 == $65):

the russian cypriots?

LOL, have a look at the depth. Which is pathetic. The Russians don't even care to press a button for such small BTC that extinguishes all asks...

thoughtfan

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Quote from: BitPirate on March 20, 2013, 03:00:06 AM

Dude, it's a blip. Not a "downtrend".

Agreed. My use of 'downtrend' ridiculously premature!

Maybe the most accurate descriptor I can think of at the moment for the Bitcoin market (since the 750k buy and subsequent peak yesterday) is that it is running around like a headless chicken Grin

*

Maybe it's time for me to look away and get on with my work for a couple of days instead of obsessing all day!

L8r folks

*Don't get me wrong, I like these periods of high volume going nowhere because it's Bitcoin's main re-distribution time as some take a profit whilst other jump on board for the first time

BitPirate

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Quote from: thoughtfan on March 20, 2013, 01:30:29 AM

Wild Speculative Theory #1 for the downtrend:

Some of those with loads on the Bid side see that with no new money coming in today (Japanese bank holiday) and with it not costing much to drive the price down, are seeing if the market can be manipulated down enough to make their big buy cheaper than it was looking yesterday.

WST #2: Bitcoin reached the highest it ever got to yesterday and this is the beginning of the long and terminal plummet to zero Wink

PS. 6.5 hours into the day and volume is already over $1m usd! (we were over $6m yesterday making it 3rd ATH)

Dude, it's a blip. Not a "downtrend".

molecular

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(someone on) bitcoin-central.net just went berserker (>€50 == $65):

the russian cypriots?

thoughtfan

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WST #3 Europeans who largely stayed out of the game the last couple of days rather than trading blind with the glag (gox lag) are playing the day trading game before the Americans wake up!

WST #4 A significant proportion of the $8m USD odd on the Bid side is that of manual traders (bots can create/delete orders on the fly) and with the US being asleep are not seeing the bargains turning up right now

thoughtfan

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Wild Speculative Theory #1 for the downtrend:

Some of those with loads on the Bid side see that with no new money coming in today (Japanese bank holiday) and with it not costing much to drive the price down, are seeing if the market can be manipulated down enough to make their big buy cheaper than it was looking yesterday.

WST #2: Bitcoin reached the highest it ever got to yesterday and this is the beginning of the long and terminal plummet to zero Wink

PS. 6.5 hours into the day and volume is already over $1m usd! (we were over $6m yesterday making it 3rd ATH)

Bowjob

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Bears fighting back?

thoughtfan

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Looks like it's fun and games again today - starting with a healthy little tumble in price

This doesn't bode well for a quiet day of sideways!

sounds

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1221iZanNi5igK7oAA7AWmYjpsyjsRbLLZ

It is nice to hear from him but there are lots of news articles indicating businesses making "basic operating" purchases of BTC.

When the BTC/USD price jumps 10% for bids of less than $1 million, the news is also an indicator.

oakpacific

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Quote from: Loaded on March 20, 2013, 12:09:31 AM

Next week or so will be exciting. Possibly have a new client.

He is probably the only remaining useful indicator. Grin

zoinky

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Web Developer

Quote from: Loaded on March 20, 2013, 12:09:31 AM

Next week or so will be exciting. Possibly have a new client.

Oh Loaded, you bring great wealth to us all.

Loaded

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whale eater

Next week or so will be exciting. Possibly have a new client.

arklan

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Quote from: oakpacific on March 19, 2013, 11:38:52 PM

Quote from: giszmo on March 19, 2013, 11:20:52 PM

Quote from: oakpacific on March 19, 2013, 09:47:56 AM

I would like to remind everyone here to really dive into the technical aspect of bitcoin and learn to secure it if you haven't yet, you may have already become richer and a more attractive target for the thieves than you have realized.

Good point. I could imagine it would not be a good idea to forget your charger at home and give your Android phone with $600 in bitcoins to some random waiters to charge it while you are cycling around the town for two hours. This would be particularly stupid if you were an Android developer with a rooted phone with debugging enabled as this makes the private keys readable plain text for both Spinner and Schildbach clients. Glad I don't know such stupid people Grin

In fact, I doubt if many people here and out there really spend a bit of time to look at the technicalities of bitcoin, they will not still consider it useless, or a pyramid scheme.I have seen quite a few in this thread who don't even know they can sign a message to prove their holdings, let alone advanced uses of it, bulls or bears. I am confident that once bitcoin grows to a formidable market size, it will immediately become a ridiculously useful financial tool to a lot of people, doing things that could not even be imagined before.

and as that time approaches, the price will have to continue to climb. the brilliance of a hard limit on the amount of bitcoins. i may only have 1.25 right now - but there may come a day in my life where i could buy a car - heck, maybe a house - with that. i love this shit.

oakpacific

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Quote from: giszmo on March 19, 2013, 11:20:52 PM

Quote from: oakpacific on March 19, 2013, 09:47:56 AM

I would like to remind everyone here to really dive into the technical aspect of bitcoin and learn to secure it if you haven't yet, you may have already become richer and a more attractive target for the thieves than you have realized.

Good point. I could imagine it would not be a good idea to forget your charger at home and give your Android phone with $600 in bitcoins to some random waiters to charge it while you are cycling around the town for two hours. This would be particularly stupid if you were an Android developer with a rooted phone with debugging enabled as this makes the private keys readable plain text for both Spinner and Schildbach clients. Glad I don't know such stupid people Grin

In fact, I doubt if many people here and out there really spend a bit of time to look at the technicalities of bitcoin, they will not still consider it useless, or a pyramid scheme.I have seen quite a few in this thread who don't even know they can sign a message to prove their holdings, let alone advanced uses of it, bulls or bears. I am confident that once bitcoin grows to a formidable market size, it will immediately become a ridiculously useful financial tool to a lot of people, doing things that could not even be imagined before.

mb300sd

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Drunk Posts

btccharts down?

giszmo

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WalletScrutiny.com

Quote from: oakpacific on March 19, 2013, 09:47:56 AM

I would like to remind everyone here to really dive into the technical aspect of bitcoin and learn to secure it if you haven't yet, you may have already become richer and a more attractive target for the thieves than you have realized.

Good point. I could imagine it would not be a good idea to forget your charger at home and give your Android phone with $600 in bitcoins to some random waiters to charge it while you are cycling around the town for two hours. This would be particularly stupid if you were an Android developer with a rooted phone with debugging enabled as this makes the private keys readable plain text for both Spinner and Schildbach clients. Glad I don't know such stupid people Grin

Bowjob

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David M

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Quote from: oakpacific on March 19, 2013, 09:44:48 PM

I can name numerous indicators: the price is already way above the hourly SMA 200, ease of movement is at all-time high(what comes up too fast must come down), ADX is not looking good, not to say the bloody red daily RSI that stays overbought for 2 months and has already performed multiple failure swings, but fucking bitcoin just defies EVERYTHING.

In my 20+ years of trading, new highs essentially make indicators worthless. One of the underlying assumptions of indicators is they are "bound" to past prices and hence past trading ranges. That may sound obvious but is not fully grokked by most participants.

When an index makes new highs, I switch to raw percentage variations.

Digigami

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BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Definitely holding, and waiting to buy more at the next slight drop / plateau.

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