Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Erdogan]

try to wipe your ass with Bitcoin.....and you´ll see cash is king

This is just a reformulation of the intrinsic value question.

[Erdogan]

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.

zyk seems to be a total nuub, not knowing bitcoin exists outside gox.



have they been payed out?....withdrawls still processing ?

Not sure if serious.

[tailor]

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 ?

Nah, just more fanciful "goxxed people will re-buy the BTC they lost" thinking.

[ChartBuddy]

Explanation

[bitcoinvest]

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.

zyk seems to be a total nuub, not knowing bitcoin exists outside gox.



have they been payed out?....withdrawls still processing ?

Not sure if serious.

I think is time to buy buy buy.....
and i am one of many as we speak "lost" in MtGox. ( let's wait to see the news on that tomorrow, what is going to happen)

So, does anyone has information on latest withdrawal? or if the banking team is working?

[JayJuanGee]

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.

Probably the only way to get a small market reaction is to buy in increments of less than 10 BTC at a time... especially during these low volume times otherwise, even trying to buy 50BTC at a time is likely going to cause upward price momentum.


Investors are NOT buying at the moment b/c everyone is waiting for another change... but there is definitely a lot of fiat ready to jump into BTC.. .

[alexeft]

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!

Wooooohoooooooooooo!!!!!

Way to go UK!!!
Way to go Bitcoin!!!


 

[Hypnoise]

Speaking of movement... Ltc was trading coin of the day  

everybody expecting bitcoins going down so selling LTC make sense too. But shit happens, especially when so many people and so obviously bearish.

[KeyserSoze]

The Bitcoin Foundation, set up to develop the software that runs the currency and to lobby governments and regulators, is searching for staff and office space in London, according to board executive director Jon Matonis.

Perhaps they should UNfound it it then REfound it so they can have a majority of Founding Members who haven't been criminals.

[JayJuanGee]

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

I hope so too ... to get to the below $520-ish territory..... but I anticipate.. based on the resistance to go downward that this downward adjustment is likely NOT going to last much beyond  few hours...

[seleme]

Any speculation as to why LTC/BTC and LTC/USD are going down a bit? Litecoin seems to be an even bigger bear market atm.

Generally when bitcoin takes a cold, alts take swine flu.

And that's the time when smart people make money, the only issue is when to enter in  

But anyway, any alt buy at this moment is guaranteed profit some time in the future.

[hdbuck]

nobody (except bots and fools) is buying at those prices. the only question remaining is at what price everyone would just rush into buying BTCs. i'd guess 200-250$ to be the limit here where people would just buy buy buy

[Dragonkiller]

nobody (except bots and fools) is buying at those prices. the only question remaining is at what price everyone would just rush into buying BTCs. i'd guess 200-250$ to be the limit here where people would just buy buy buy

i'm sorry you missed the bottom, but capitulation is over. it's slowly up from here until the next bubble.

[seleme]

nobody (except bots and fools) is buying at those prices. the only question remaining is at what price everyone would just rush into buying BTCs. i'd guess 200-250$ to be the limit here where people would just buy buy buy

i'm sorry you missed the bottom, but capitulation is over. it's slowly up from here until the next bubble.

He's obviously delusional as any other waiting 200$ coins but this is far from "up from here until next bubble" yet.

[hdbuck]

nobody (except bots and fools) is buying at those prices. the only question remaining is at what price everyone would just rush into buying BTCs. i'd guess 200-250$ to be the limit here where people would just buy buy buy

i'm sorry you missed the bottom, but capitulation is over. it's slowly up from here until the next bubble.

yeah plz tell my you are 100% in BTC...

[aminorex]

Yeah, the band is 530-590 and we'll be stuck in it for a while yet, unless someone in Europe is still capable of shame.

In a SHTF situation, you don't want your assets exposed to appropriation. There is only one way I know of to remove them from physical and counterparty risk:  The blockchain.

Pocket change should be kept in survival resources and metals, perhaps neutral major fiat brands, but real assets need to be exempted from physical and counterparty risk.

[Richy_T]

The Bitcoin Foundation, set up to develop the software that runs the currency and to lobby governments and regulators, is searching for staff and office space in London, according to board executive director Jon Matonis.

Perhaps they should UNfound it it then REfound it so they can have a majority of Founding Members who haven't been criminals.

The Bitcoin Foundation is a foolish idea anyway. I'd rather see more loosely-knit but narrowly targeted groups arise naturally.

[aminorex]

this is far from "up from here until next bubble" yet.

True, that was 400. But how many coins were traded at that price?  Very little use in owning any fiat when we're near the bottom of the VWAP curve.

[gentlemand]

The Bitcoin Foundation, set up to develop the software that runs the currency and to lobby governments and regulators, is searching for staff and office space in London, according to board executive director Jon Matonis.

Perhaps they should UNfound it it then REfound it so they can have a majority of Founding Members who haven't been criminals.

We tend to have lighter sentencing in the UK. Their next stop will probably be Norway where the hard core crims have private islands to play on.

[Walsoraj]

http://en.wikipedia.org/wiki/Problem_gambling