This is slightly OT, but while the drama unfolds slowly and some are considering buying back in at a loss, did anyone notice the option to buy XRP with USD on BitStamp?
Yesterday they were selling at 100 XRP per USD; today at 50 XRP per USD.
Noticed the option a while back ... didn't see the price change. So all those free ripples are now worth real cash are they ! lol Where is their bid I wonder ... So you're thinking about buying back in are you  You see it still looks like this to me:  So speculatively bullish short term, bearish medium term, bullish long term. But - there are a lot of buts (and butts) to be had: - the Chinese have know-how and factories to build ASICs in massive amounts (bullish) - another altcoin could come along the way and steal bitcoin's thunder (bearish) Hence I'm still unsure what to do. Speaking of XRP: I bought some yesterday for USD and sold for BTC a few hours later. It was little volume but that maneuver worked out for me like if I was buying BTC at 93 - while they were at 110. |
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I'm in a win win here,
btc goes down, i get more btc
btc goes up, i get Ferrari
I'm made much much more with LTC then anything else.
This is slightly OT, but while the drama unfolds slowly and some are considering buying back in at a loss, did anyone notice the option to buy XRP with USD on BitStamp? Yesterday they were selling at 100 XRP per USD; today at 50 XRP per USD. |
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what a pointless thread.
what a fast ignore. |
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Yes KillaMarci, looks like a bearish pennant on clarkmoody. Most of the rocket fuel has been used up on the China news and there is not much supply over the weekend. Might retest $100.
We are all so gullible aren't we?  The wall at 107 was gone by the time I went for a shower. |
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Looks like time for $122
I guess 118/19 - 111 - 124. I propose the 2nd retracement to 106 (instead of 111), otherwise I hardly make any money. I think I nailed this one  I think this one is a potential candidate for the famous predictions thread. Time will tell soon enough.  |
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Yup, without any transactions someone is trying to maintain at least a 1 min lag.
My theory is that when the knife falls too fast bots do panic: they all try to cancel their buy orders and execute market sells instead. This makes things worse because then the engine starts lagging, adding delay to the feedback loop of the bots' decision process. |
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1000 BTC wall at 111 was moved up to 111.0001 170 BTC wall at 11.5 removed and reappeared behind the 1000BTC one at 111 I'd love to understand what game are these pro's playing.  |
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That was an interesting dump.
still going it seems a seller dumped... and a buyer saw "cheap coins" and pushed the "market buy" button. Or... or... one was trying to induce a panic sell and one was trying to stop it. Even in a boring Sunday there are at least two people with a spare half million USD to burn. |
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I see a triangle.
Will it be broken upwards or downwards? Short term bears are getting nervous and short term bulls seem to have gone to sleep. |
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Someone triggered a market buy order for 4k coins when it was around 110. Brought the price all the way back up to 114.5 in the process.
Sucker or cut-loss? history will tell soon.
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Hope? We all know this is going down mid-term. I wouldn't call this hope.
The problem is that we all expect it to happen. At any moment the market moves in the opposite direction of where the majority thinks it's going to move. |
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Guys I know that weekends are boring but this is the wall observer thread.
A bit OT is OK but pages over pages of a different topic are not.
Would you mind flirting somewhere else?
Thanks
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Question for you:
for Chinese people living in China, what are the methods of funding their newly created accounts in btcchina.com, and how long does it take for the funds to show up?
I assume these transfer methods are available also in the weekend (e.g. right now) because China never sleeps. Correct?
They can use alipay and tenpay (Chinese version of paypal) and wire On weekdays, deposit is usually cleared in hours. It may take longer in the weekend. Thanks. If I read you correctly this means that no fresh money has arrived to btcchina yet. So the price rise in btcchina is due to speculation from existing btcchina users after the CCTV-2 news - same users who dumped yesterday. Things might change tomorrow or Monday when new depositors' money will be available for trading... |
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Question for you:
for Chinese people living in China, what are the methods of funding their newly created accounts in btcchina.com, and how long does it take for the funds to show up?
I assume these transfer methods are available also in the weekend (e.g. right now) because China never sleeps. Correct?
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Hey guys. I'm from Europe and I want to boycott Gox. Not a trader, just interested in buying some btc here and there. Which exchange do you recommend?
BTC-E is popular but untrustworthy. Maybe selective scammers. Read the Service Discussion forum for details. Bitstamp is ran by reputable members of the community (although "reputable" means very little in bitcoin world - see the Nefario/GLBSE story). That said, if you're trading hundreds of BTC at a time, Gox and USD is unfortunately the only way to go. |
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Each currency is worth [what is possible to buy for it] + [speculation value]. It's purchasing power plus speculation value, not production cost plus speculation value.
That is an interesting point. I think it's more correct than my assumption, although I think both statements are equivalent and here's why: Right now [what is possible to buy for it] is priced in fiat. No one - really - prices their stuff in bitcoins. We all hope this will eventually change, yet it will take at the very least few years to change. For now bitcoins are somehow like gold - vouchers for fiat cash. Hence a bitcoin's "intrinsic value" measured in fiat is how much fiat it did cost to produce. But - SAQ made a valid point too. There is a "human cost" factor which I ignored. In fact I used many man-hours of my time getting informed, building my first rig as well as learning from expensive mistakes. That has to be priced in somehow. Although the "human cost" per bitcoin is likely to decrease quickly. With higher adoption rate come more reliable exchanges which are easier to deal with as well as more user-friendly hardware and software. |
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See what is funny to me is that with no new money coming in for the last 4 days the people who are buying & driving the price up now are likely the same ones who sold and drove it down earlier.
The house always wins, so true.
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So now almost everyone is a bear? Investor cycle says we are going up then.  |
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