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21  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2014, 11:58:07 AM
Actually those pictures won't screw you over at the office. Bitcointalk proxies them, and most offices just look at offending domains.

I don't know what you mean, I can see them, and so can anyone looking at my screen.
22  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2014, 11:51:44 AM
and others please don't quote him or you will get ignored as well

high 5 Smiley
23  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2014, 11:51:15 AM
Seriously guys, stop posting these images, I wont be able to open this thread at the office....

Yeah, even people quoting those images get an ignore from me. Some people are not sat in their bedrooms.
24  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2014, 10:49:54 AM
BEWARE of the possible, probable impending mega dump!!

You need to re-assess, Mark Karpeles and the blatant manipulation have left the building. These are serious buyers, the UK news is huge, investment money will start pouring in.

By the way, by UK, I mean United Kingdom treating bitcoin as a currency for tax purposes and scrapping VAT on Bitcoin. Not Ukraine, which although is pretty awful for those in the UKraine, Europe has become very good at containing conflict, it would be different if they were already in the EU, then we would be in serious trouble, but I don't think Putin would have risked that.

You spoke too soon my friend!

Why? What happened, hopefully nothing in Ukraine, my news has nothing but the Pistorius trial.

I see you have plenty of posts so i'm assuming you have traded for some time, so you know it's a natural part of trading to pull back before next leg up.

I've been wanting to say this since Xmas - HODL!!! Cheesy

(btw for new traders, if you feel those panicky feelings rising, leave the room for 5 mins, whether we're going up or down we generally retrace around 31-61% after a large move - if you sit on your hands and wait you can buy / sell at a better price).
25  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2014, 10:22:00 AM
BEWARE of the possible, probable impending mega dump!!

You need to re-assess, Mark Karpeles and the blatant manipulation have left the building. These are serious buyers, the UK news is huge, investment money will start pouring in.

By the way, by UK, I mean United Kingdom treating bitcoin as a currency for tax purposes and scrapping VAT on Bitcoin. Not Ukraine, which although is pretty awful for those in the UKraine, Europe has become very good at containing conflict, it would be different if they were already in the EU, then we would be in serious trouble, but I don't think Putin would have risked that.
26  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2014, 10:03:02 AM
Don't be fooled guys, this isn't Gox, those walls are real - and more will arrive when the Monday fiat arrives at Bitstamp (about 4-8 hours from now).
27  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2014, 01:05:32 AM
This whipsawing is hell. 30 minutes ago I was convinced it was going down. Now because one douchebag made a buy and put up this wall, all the indicators are up again. And this has has happened about 3 times now.

Lol, exactly. But this doesn't look convincingly yet, I've done things like this in some small alts pushing the price up with walls just do dump higher. I don't trust one guy pushing the price up on his own with big wall without people actually joining him.

Neither China nor BTC-E are following. Likely not going anywhere up, yet.

They are following

http://hypron.net/bitcoinwisdom.html
28  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2014, 12:33:29 AM
1936 coins to go down to 560. What-the-fluff-is-happening?
There must be news somewhere. Either that or gigantic pump.
Really? You're theorizing there's "big news" just because of a 1500btc wall? What kind of logic is that? It's just one guy's order, and the volume today is 7000btc. By the way 1500btc is nothing. When we came out of the bear market in 2013, there were two 10,000btc walls on the order book at the same time pushing the price up and buying all the dumps. There was also volume.

The UK news is pretty huge http://www.reddit.com/r/Bitcoin/comments/1zcvxd/britain_to_scrap_bitcoin_tax/

This is a green light to lots of cautious investors at a time when the price is relatively low. London is a major financial centre and their favourable approach will be very encouraging.

There's a lot of fiat waiting to buy. Nobody wants to miss the train.
29  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2014, 12:13:17 AM
I think you guys sometimes forget people do actually want to buy bitcoins, it's not just traders. There's not always a motive apart from simply buying.
30  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2014, 06:38:53 PM
Bitcoin do it already, I don't have time and nerves to wait the whole day, do something already....


BTW watching bitstamp for some time now, bids are going lower, less than 4458 to bring us below $520

Its been pretty stable to $400 & $500 for the last couple of days. I expect bids to increase tomorrow with a little more fiat from Goxed people coming in.



have they been payed out?....withdrawls still processing ?
Not sure if serious.
31  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2014, 06:20:35 PM
http://www.reddit.com/r/Bitcoin/comments/1zcvxd/britain_to_scrap_bitcoin_tax/

Breaking....Britain drops btc tax, treats it as a currency - favourable conditions for traders and start-ups.

Great news! Cheesy

If only some of those pesky banks wanted to play ball.

I may be getting ahead of myself but I sure hope buttercoin (new exchange backed by google and reddit co-founder) relocates to the UK and opens very soon.
32  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2014, 06:15:45 PM
http://www.reddit.com/r/Bitcoin/comments/1zcvxd/britain_to_scrap_bitcoin_tax/

Breaking....Britain drops btc tax, treats it as a currency - favourable conditions for traders and start-ups.

Great news! Cheesy
33  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2014, 04:44:28 PM


I think you are manipulating (maybe unconsciously) the facts to fit what you would like to happen, all of your arguments could be applied to a bullish or bearish position. You can apply logic to how buys or sells work, create charts, but the facts are that strange things happen, people do execute large market orders, buy and sells, and it doesn't make much sense to day traders, but they happen all the time.

To leave this channel we need a buyer / seller with the muscle and inclination to move the market. The market is like a coiled spring at the moment, and I believe more need / want to buy in than want to sell (they have had the last 3 weeks to sell).

I'm calling a rally, you are calling a further drop, we'll come back to this in a week and see who is right, fair enough?

I am a so small player that I couldn't even manipulate anything if I wanted so, but be assured that I do hold more than the FIAT laying on exchanges if my predictions are wrong... and to point out "again" I am just speculating I am far from acting as I know things....

but I would really appreciate an input about how the price would go up now, at the end this is why we are here, to track the price movements Wink

I didn't mean you were manipulating the market, just the inner debate in your head. I was doing the same which is why I felt I recognised it in you, I've been permabear since the china crash, and probably would still be now if my friends hadn't started asking me about getting bitcoins for them in the last few days. This made me reappraise the whole situation, I believe nothing but a flash crash would take this market below 475-500 again, if you look at the charts only flash crashes have taken us down there since November, 550 is a pretty solid support area. Chart wise there could be a large inverted head and shoulders developing on stamp, but tbh I really do think we need a large buy (or sell) to move this thing. It could happen slowly as other people have predicted, but hey, this is bitcoin Smiley

34  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2014, 04:20:59 PM
Mark my words, a large whale buy is coming, this will spark a rally similar to the rally after the china crash. There's are many traders waiting to buy back in who are hoping this isn't the bottom yet but have their fingers on the trigger, look at the order book on Bitstamp, buyers far outweigh sellers. There are also many ex gox customers who need to buy back in. Don't get left behind, when it happens, it will happen quickly.

I expect 820 within 7 days, if not more.

less than 50K till 200 that is what in bitstamp order book at the moment, and there is only bitstamp and btc-e for trading now, BTC-e have a very tinny book order, you could bring the price to 0 with 10K dump on BTC-e, dont forget that there is 12 million bitcoin on existence, that 50K against the 12M is nothing .

and also if bidders would think that the price at 560 or at 600 is reasonable they would place their orders there, but I see only 9K bitcoin to 500 and 20K to 400 and 35 to 300 and most down less than 200, people base their bids based on what they think bitcoin is worth, and the same works for sellers, they put sell orders on what they think their bitcoins are worth, but at the moment buyers are not voting for $560.


IMHO there is no whale that would pump the price just like that, if someone decided to buy 10K bitcoin at a market order, then there is only 3 scenarios: a) pump and dump b) insider trading c) someone who doesn't give a fuck about his money and don't care about buying at 100 or 1000 which means he is not a whale but rather an idiot.

You are only talking about the buy end, there are only 18k for sale up to $1000 at Bitstamp, and only 21.28k to $5000.

yes, we are at the adoption fase of this technology, Bitcoin is not gold yet, also if you decide that your Bitcoin is worth $1000 and will not sell for less and if  buyers think that $1000 is not the real value you will get stuck with that bitcoin and no matter how many you have there is it 1 or 50K bitcoin you wont be able to sell.

remember:  "your item is worth only what the best bidder is willing to pay for and nothing more" commerce 101.


I also would like to point out why you shouldn't care allot about the ask book, people will not leave their bitcoins on exchanges for long time, so for example if I have 10BTC in which I want to sell at $1000/BTC, I wouldn't leave them on any exchange for months, I would wait to see demand increasing toward that point, and only then I would send the bitcoins and open an order and maybe wait a couple of days for it to fulfill.

but honestly I usually execute a market orders when selling, I very rarely open a selling order, I usually wait for support to build up at the price I wish to sell at then execute a market sell order Wink

I think you are manipulating (maybe unconsciously) the facts to fit what you would like to happen, all of your arguments could be applied to a bullish or bearish position. You can apply logic to how buys or sells work, create charts, but the facts are that strange things happen, people do execute large market orders, buy and sells, and it doesn't make much sense to day traders, but they happen all the time.

To leave this channel we need a buyer / seller with the muscle and inclination to move the market. The market is like a coiled spring at the moment, and I believe more need / want to buy in than want to sell (they have had the last 3 weeks to sell).

I'm calling a rally, you are calling a further drop, we'll come back to this in a week and see who is right, fair enough?
35  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2014, 04:00:07 PM
Mark my words, a large whale buy is coming, this will spark a rally similar to the rally after the china crash. There's are many traders waiting to buy back in who are hoping this isn't the bottom yet but have their fingers on the trigger, look at the order book on Bitstamp, buyers far outweigh sellers. There are also many ex gox customers who need to buy back in. Don't get left behind, when it happens, it will happen quickly.

I expect 820 within 7 days, if not more.

less than 50K till 200 that is what in bitstamp order book at the moment, and there is only bitstamp and btc-e for trading now, BTC-e have a very tinny book order, you could bring the price to 0 with 10K dump on BTC-e, dont forget that there is 12 million bitcoin on existence, that 50K against the 12M is nothing .

and also if bidders would think that the price at 560 or at 600 is reasonable they would place their orders there, but I see only 9K bitcoin to 500 and 20K to 400 and 35 to 300 and most down less than 200, people base their bids based on what they think bitcoin is worth, and the same works for sellers, they put sell orders on what they think their bitcoins are worth, but at the moment buyers are not voting for $560.


IMHO there is no whale that would pump the price just like that, if someone decided to buy 10K bitcoin at a market order, then there is only 3 scenarios: a) pump and dump b) insider trading c) someone who doesn't give a fuck about his money and don't care about buying at 100 or 1000 which means he is not a whale but rather an idiot.

You are only talking about the buy end, there are only 18k for sale up to $1000 at Bitstamp, and only 21.28k to $5000.
36  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2014, 03:52:44 PM
How is the situation in Ukraine going to affect Bitcoin ? What if a new war in Europe starts ? Huh

I'm tense...

Gosh, didn't Europe have already enough wars.... one of my biggest fears is the war, but how will bitcoin help you in that situation ? when the infrastructure is destroyed no fiat neither Bitcoin is going to help you, we will eat grass if that happens.


 

I totally agree with you. It is not funny what is going on and things are moving fast. Are you european also ?
The things going on in Ukraine are kinda getting out of hand and they could spiral down into a regional conflict.

Maybe this is not directly related to the Bitcoin discussion here but I am kinda concerned about what is going down.

I think everyone in Europe is concerned. But we're kinda used to it and have become very good at containing conflict within a small area. If things do get violent I just hope Russia and Europe open their doors to civilians (obv Ukrainian civilians should be able to find refuge in the region they feel most comfortable with).

EDIT: and honestly, who cares about bitcoin when lives are at risk.
37  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2014, 03:42:27 PM
Mark my words, a large whale buy is coming, this will spark a rally similar to the rally after the china crash. There's are many traders waiting to buy back in who are hoping this isn't the bottom yet but have their fingers on the trigger, look at the order book on Bitstamp, buyers far outweigh sellers. There are also many ex gox customers who need to buy back in. Don't get left behind, when it happens, it will happen quickly.

I expect 820 within 7 days, if not more.
38  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 01, 2014, 02:23:11 AM
Any publicity is good publicity.

I've had 3 people today ask if I can get hold of some bitcoins for them while they are cheap. I'm pretty surprised, I really didn't expect that, so now I'm expecting a rally as soon as funds hit the exchanges.

I hope you told them, that they will be hodling a long time. Or are they day traders in the knowing of how to make profits from bear markets?

Lol, they are in no way day traders, long term hodlers with no intention to sell in the near future. They are more like "wowzers, this could be worth $10k in 5 years".
39  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 01, 2014, 01:25:32 AM
Any publicity is good publicity.

I've had 3 people today ask if I can get hold of some bitcoins for them while they are cheap. I'm pretty surprised, I really didn't expect that, so now I'm expecting a rally as soon as funds hit the exchanges.
40  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 23, 2014, 10:53:14 AM
Not working for me either, I've tried the IP and DNS tricks which worked last time, anyone have any idea why I can't access it, or any solutions?


BTW I'm using http://k.btc123.com/ while I can't access bitcoinwisdom - not really keen on using these guys as it just looks like a copy of wisdom but hey, I need my charts Smiley


EDIt: Hurray - bitcoinwisdom is working again for me now.
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