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

[debani]

Those ask walls around 690-705 are the only thing making me uneasy. At least its not one 10k ask wall like last time.

10K BTC ask wall around 700 is still there on Bitfinex.
https://www.bitfinex.com/pages/order_book

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[adamstgBit]

Those ask walls around 690-705 are the only thing making me uneasy. At least its not one 10k ask wall like last time.

10K BTC ask wall is still there on Bitfinex.
https://www.bitfinex.com/pages/order_book

Bitfinex allow poeple to post walls without the funds to back them, when poeple buy into them they crumble insently

do not pay any attention Bitfinex's order book.

59.99%

[shmadz]

http://ultra-coin.com/

dropping at zerohedge and elsewhere. That infrastructure we were talking about?

I'm gonna beta test the shit out of this thing.

ohhhhh man!

goto 7:25 "super malleable"

I guess malleability is not bug after all

[seleme]

Probability of break out in the next 4 hours: 55.6%

Slumber method? 

something far more arcuate...

now at 59.2%

SLumber Ultra Pro Plus 

[Walsoraj]

Probability of break out in the next 4 hours: 55.6%

Hmm... Thursday is the traditional dump day. I'm gonna wait for that to clear. If all looks good, I might go bull and buy in.

[MAbtc]

Those ask walls around 690-705 are the only thing making me uneasy. At least its not one 10k ask wall like last time.

10K BTC ask wall is still there on Bitfinex.
https://www.bitfinex.com/pages/order_book

Bitfinex allow poeple to post walls without the funds to back them, when poeple buy into them they crumble insently

do not pay any attention Bitfinex's order book.

59.99%

Is this true? I heard this problem was fixed some time ago. Not saying they're real, though... they're not.

[adamstgBit]

Those ask walls around 690-705 are the only thing making me uneasy. At least its not one 10k ask wall like last time.

10K BTC ask wall is still there on Bitfinex.
https://www.bitfinex.com/pages/order_book

Bitfinex allow poeple to post walls without the funds to back them, when poeple buy into them they crumble insently

do not pay any attention Bitfinex's order book.

59.99%

Is this true? I heard this problem was fixed some time ago. Not saying they're real, though... they're not.

i'm not sure, someone confirmed it a week or so ago on here, TERA i think.

[Yololintian]

Those ask walls around 690-705 are the only thing making me uneasy. At least its not one 10k ask wall like last time.

10K BTC ask wall is still there on Bitfinex.
https://www.bitfinex.com/pages/order_book

Bitfinex allow poeple to post walls without the funds to back them, when poeple buy into them they crumble insently

do not pay any attention Bitfinex's order book.

59.99%

That was a glitch they fixed last month.
Also, I was talking about how there are several walls iadding up to 10k or so instead of one 10k wall that is controlled by one person undoubtedly, like many hours before we crashed because of mtgox insolvency news.

[JayJuanGee]

Octaft:  To which "he" are you referring.  Surely, you are NOT siding with Tailor, who appears to have contributed NO value or substance with this distracting baloney crap article.

Am I referring to you? Nah. Am I siding with Tailor? Not necessarily. Does that mean I think the word of everyone who disagrees with him is gold, and will take it without a second thought, and without sources or references? Nope.

If you know something someone else doesn't, you don't tell them to do their own research. That's not helpful or adding anything to the conversation. Besides, even if the person you are addressing is a troll, and you have no hope of convincing them, maybe you convince someone who stumbled onto the forum and is lurking, and you make the community look good because you remained polite in the face of adversity. You also make it a lot harder for the people who accuse bitcoiners of being a cult to make their case when you're handling disagreement with politeness. It benefits pro-bitcoiners to actually argue their side, and argue it repeatedly so newbies can see without having to scour the forums. I really dislike the whole "it's the same old shit." Well, of course it is! They're newbies, they weren't around for the explanation the first time, and they're probably getting a bunch of stuff that you disagree with drilled into their heads. In their minds, they have done the research. It's your job to convince them their information is flawed, if that's what you think.

Just remember, YOU (collective you) asked those questions when YOU first found out about bitcoin, and if you didn't, I would consider that highly irresponsible. Be nice to the newbies, if it's ever going to get to 5k+, it will likely be on their backs.

Certainly, I get your point, and I largely agree with it as you have described it, above.  

NONETHELESS, in my mind there remains a difference in how I am going to react and/or respond to someone who is asking naive questions versus someone who comes into a conversation with superficial conclusory comments and what appears to be accusations towards one side or another.  In essence, naive questions will receive a better reception from me.... even if  that naivete is inarticulate in various ways... which each of us are guilty of inarticulate rambling, from time to time.. and some of us more than others...  

and back to bitcoin.... break up or break down..?    I say up... I say this b/c it seems that we had our opportunity for down last week after we heard about the Gox bankruptcy filing, and meaningful and prolonged breaking down did NOT come.... so I predict that it is time for an up to between $750 and $850... .. however, it may take us approximately a week to get solidly into that price zone.

[seleme]

Those ask walls around 690-705 are the only thing making me uneasy. At least its not one 10k ask wall like last time.

10K BTC ask wall is still there on Bitfinex.
https://www.bitfinex.com/pages/order_book

Bitfinex allow poeple to post walls without the funds to back them, when poeple buy into them they crumble insently

do not pay any attention Bitfinex's order book.

59.99%

Is this true? I heard this problem was fixed some time ago. Not saying they're real, though... they're not.

i'm not sure, someone confirmed it a week or so ago on here, TERA i think.

You still can use 4x margin so even if it is not true, you can make 10k wall with 2.5k btc.

[shmadz]

Probability of break out in the next 4 hours: 55.6%

Slumber method? 

something far more arcuate...

now at 59.2%

SLumber Ultra Pro Plus 

nope, it's gotta be the coin cheapness indicator. It's the only indicator that I pay any attention to, lol!

[MAbtc]

You still can use 4x margin so even if it is not true, you can make 10k wall with 2.5k btc.

Nothing wrong with that -- could end with massive short squeeze.

Only those who were grandfathered in can do 4x. Some get 2.5x, new users get 2x. You'd have to be insane to full leverage at 4x in this market....

[johnny211]

Definitely, especially when you think of all the unpaid man hours at the beginning of Bitcoin were from men at high levels of ability and would command a decent hourly rate.

Hard to see how they could have spent their time/money any better.

[seleme]

I'm starting to feel bullish, we're going down?  

[Erdogan]

By the way, Tailor, what are you doing in this forum?  Are you just here to inform bitcoin investors of the perils of bitcoin, or do you have some meaningful purpose, besides spreading baloney distractions?

Is this an attempt to run off one of the unfaithful?

I'm here for the same reason any of us: talk about BTC.  That doesn't mean I have to be part of the echo chamber though. Once in a while it's handy to have an unbeliever in the midst, just in case the emperor really is naked.

Like most here, I'm a BTC speculator - I do hold some, and even lost some when GOX collapsed. My investment in BTC infrastructure is limited to the few bucks I've paid in exchange fees though. I've been pleasantly surprised by the price increase since the spring of 2011, but I don't believe the price accurately represents any underlying value yet.

We don't want bitcoin to represent any underlaying value. Bitcoin is pure money.

The price thus far has been determined by limited investment of money,

I suppose you talk about fiat money here. Fiat money is also pure money, but bitcoin has better money properties.

so the market cap is on paper only.

Not even paper. Bitcoin is tangible and real, unvirtueal, no paper.

Total investment divided by total coins available would be a much smaller number.

The volume of fiat money exchanged for bitcoin historically is no measure of the value. Only the values internal to the mind of the market participants count. Sometimes, the values assigned by somebody is partially revealed in a public trade.

You need to inform yourself what is the fundamentals of value and markets, and use sensible names for the concepts internally in your mind, before you can have any hope of understanding bitcoin.

[shmadz]

I'm starting to feel bullish, we're going down?  

I'm starting to get a head-spinning amount of bullishness.

Does anyone know the story behind this "ultra-coin" thing? -> http://ultra-coin.com/

It's obviously not this -> https://bitcointalk.org/index.php?topic=413978.0

so I'm guessing it's not a "coin" at all. I'm assuming that it's a wallet that writes code to allow for more exotic bitcoin transactions, and uses p2p network to allow users to connect to set up trades.

It looks exactly like the decentralized, trustless exchange I've been dreaming about.

Why have I not heard of this before and why is no-one else excited?

[seleme]

It's a protocol on the top of Bitcoin, I think.

[JorgeStolfi]

Just had a revelation:

When you think about it, the famous BS expression refers to Bulls.. not Bears..
Hence, who is likely to talk with more sense?!

edit: and plz dont tell me thats just some coincidence

It is a BITCOINcidence.

[av123]

I'm starting to feel bullish, we're going down?  

I'm starting to get a head-spinning amount of bullishness.

Does anyone know the story behind this "ultra-coin" thing? -> http://ultra-coin.com/

It's obviously not this -> https://bitcointalk.org/index.php?topic=413978.0

so I'm guessing it's not a "coin" at all. I'm assuming that it's a wallet that writes code to allow for more exotic bitcoin transactions, and uses p2p network to allow users to connect to set up trades.

It looks exactly like the decentralized, trustless exchange I've been dreaming about.

Why have I not heard of this before and why is no-one else excited?

Reggie Middleton is behind it. Looks promising.

[shmadz]

It's a protocol on the top of Bitcoin, I think.

has to be, right? bitcoin is the only trusted blockchain you could do any kind of serious business on, and this Reggie guy looks serious.