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Question: Oct. 5 Closing Price:
$0 - 5 (3.5%)
<$8,000 - 38 (27%)
$8,000-$8,500 - 16 (11.3%)
$8,500-$9,000 - 10 (7.1%)
$9,000-$9,500 - 13 (9.2%)
$9,500-$10,000 - 12 (8.5%)
$10,000-$10,500 - 10 (7.1%)
$10,500-$11,000 - 5 (3.5%)
$11,000-$11,500 - 2 (1.4%)
$11,500-$12,000 - 4 (2.8%)
>$12,000 - 17 (12.1%)
>$20,000 - 9 (6.4%)
Total Voters: 141

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21406880 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (109 posts by 22 users deleted.)
solex
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May 23, 2013, 10:07:11 PM
 #10441


Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result.

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Its About Sharing
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May 23, 2013, 10:11:41 PM
 #10442


Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result.


Agreed, but can you tell us what we are dealing with here? Are we talking a currency, stock, commodity, protocol, technology, etc? This is the "problem" and when you add to that the world economic situation, crazy weather patterns, wars and on and on, it becomes an even bigger unknown.

We can't look at this like a regular currency, stock, etc. and we must consider the times. The clue we have is the direction is most probably up. The question is, how much and fast? We can probably agree that we don't know what we are dealing with here.

It is unique, just like the internet was unique when it came out. Comparing BTC to anything traditional is skipping over a lot of variables.
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May 23, 2013, 10:30:26 PM
 #10443


Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result.


Agreed, but can you tell us what we are dealing with here? Are we talking a currency, stock, commodity, protocol, technology, etc? This is the "problem" and when you add to that the world economic situation, crazy weather patterns, wars and on and on, it becomes an even bigger unknown.

We can't look at this like a regular currency, stock, etc. and we must consider the times. The clue we have is the direction is most probably up. The question is, how much and fast? We can probably agree that we don't know what we are dealing with here.

It is unique, just like the internet was unique when it came out. Comparing BTC to anything traditional is skipping over a lot of variables.

I very much agree with this. Market wise it's clear that we're going up very soon, but the question is such raise is backed by real value or just speculation. I don't see so many exciting news as of lately. It would be important if many websites and retail stores would start accepting bitcoin.
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May 23, 2013, 10:33:13 PM
 #10444


It would be important if many websites and retail stores would start accepting bitcoin.

That should be easy enough... Grin....oh wait... Roll Eyes
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May 23, 2013, 10:40:41 PM
 #10445


Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result.




+1 Grin
telemaco
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May 23, 2013, 10:42:05 PM
 #10446


It would be important if many websites and retail stores would start accepting bitcoin.

That should be easy enough... Grin....oh wait... Roll Eyes




积少成多,聚沙成塔
Many small amounts are a lot; Many sand grains form a pagoda
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May 23, 2013, 10:42:13 PM
 #10447


Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result.


Agreed, but can you tell us what we are dealing with here? Are we talking a currency, stock, commodity, protocol, technology, etc? This is the "problem" and when you add to that the world economic situation, crazy weather patterns, wars and on and on, it becomes an even bigger unknown.

We can't look at this like a regular currency, stock, etc. and we must consider the times. The clue we have is the direction is most probably up. The question is, how much and fast? We can probably agree that we don't know what we are dealing with here.

It is unique, just like the internet was unique when it came out. Comparing BTC to anything traditional is skipping over a lot of variables.

I very much agree with this. Market wise it's clear that we're going up very soon, but the question is such raise is backed by real value or just speculation. I don't see so many exciting news as of lately. It would be important if many websites and retail stores would start accepting bitcoin.

LOL, nothing is clear or guaranteed in any way.

Here's one scenario which could release a lot of tied up BTC and drive the price down.

A lot of people have Bitcoin tied up in ASICMINER shares, for those of you who aren't aware ASICMINER has more than doubled in price over the last couple of weeks and it appears to have already peaked at the moment.

Any large scale sell off of these shares will free up a lot of Bitcoin for profit taking. That's many 1000's of Bitcoin and they could be dumped at a moments notice.

I'm wondering if that guy who purchased $1 Million worth of Bitcoin last friday has been pumping ASICMINER shares all week with his BTC. The timing seems about right to me.
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May 23, 2013, 10:46:07 PM
 #10448

I'm just going to leave this here...

http://www.gizoogle.net/tranzizzle.php?search=https%3A%2F%2Fbitcointalk.org%2Findex.php%3Ftopic%3D174620.0%3Ball&se=Go+Git+Dis+Shiznit
hmmmstrange
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May 23, 2013, 10:50:28 PM
 #10449


Here's one scenario which could release a lot of tied up BTC and drive the price down.

A lot of people have Bitcoin tied up in ASICMINER shares, for those of you who aren't aware ASICMINER has more than doubled in price over the last couple of weeks and it appears to have already peaked at the moment.

Any large scale sell off of these shares will free up a lot of Bitcoin for profit taking. That's many 1000's of Bitcoin and they could be dumped at a moments notice.


You are mistaken in your logic. Trading shares have a net sum of zero once they are issued. For every seller there is a buyer.
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May 23, 2013, 10:51:33 PM
 #10450


Im LOLing so hard I shitted my pants
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May 23, 2013, 11:02:29 PM
 #10451

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May 24, 2013, 12:02:53 AM
 #10452

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May 24, 2013, 12:09:57 AM
 #10453

LOL, nothing is clear or guaranteed in any way.

Here's one scenario which could release a lot of tied up BTC and drive the price down.

A lot of people have Bitcoin tied up in ASICMINER shares, for those of you who aren't aware ASICMINER has more than doubled in price over the last couple of weeks and it appears to have already peaked at the moment.

Any large scale sell off of these shares will free up a lot of Bitcoin for profit taking. That's many 1000's of Bitcoin and they could be dumped at a moments notice.

I'm wondering if that guy who purchased $1 Million worth of Bitcoin last friday has been pumping ASICMINER shares all week with his BTC. The timing seems about right to me.


No one needs to pump ASICMINER shares. Dude is a genius. He's selling off his 1st gen equipment, which will be considered garbage in 3 months, at 5k a pop. Just as his new shit is arriving. People are investing in him, because he clearly knows what he's doing and has a plan. Anyone who invested 5k USD in him at the start is now a millionaire.

If anyone starts selling lots of ASICMINER shares, there will be 1000 people lined up to buy. While currently a little overpriced, that dude knows his shit inside and out.

And like someone else said, the total amount of BTC tied up, is a drop in the bucket. 10,000s of BTC changes hands daily.

The only reason we'd see dumping right now is from a few whales who helped stabilize the price before and during the conference. When the DHS news hit, between $103-$108 there were 1,000s of BTC purchased, in large chunks (100k-400k USD market orders). The DHS news clearly forced a few people to buy lots of BTC, who at some point might dump it back on the market. But since we're slowly heading up that's probably not going to happen any time soon.
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May 24, 2013, 12:12:00 AM
 #10454


LOL, I need to make this my default browsing portal.
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May 24, 2013, 12:52:40 AM
 #10455

if we can keep up this slow and steady action we've been seeing during the weekend, i think next week will be very interesting   Cool
Nightowlace
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May 24, 2013, 12:55:41 AM
 #10456

if we can keep up this slow and steady action we've been seeing during the weekend, i think next week will be very interesting   Cool


I think people have been saying next week will be interesting for a few weeks now. I think we are starting to see a nice stabilization and if we do see any drastic spikes upwards out of speculation we can expect to land somewhere around where we are at currently.
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May 24, 2013, 12:57:33 AM
 #10457


Agreed, moonshot bids for $20 coins don't really count. I keep meaning to create an index that divides each bid/ask by the % distance from the current MMR. I think it would be much more insightful. I just can't square the maths to adjust for the fact that bids only differ by 100% but asks can be many 1000% higher. Anyone know how to properly adjust for that?

Simple, just base it on the logarithm of the price.

Thanks, but I think I've got it now. It's simpler than that.

One re-bases the order book so MMR is 1. lets call it $125. A $100 dollar bid at $10 dollars gets weighted by 0.08. An equally weighted ask of $100 would be priced at $1562 (the price at which current MMR represents only 8%.)

So who do I need to beg for historical daily snapshots of the full depth API?

https://bitcointalk.org/index.php?topic=88054

I'll pitch in half the 200btm if you share it with me.
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May 24, 2013, 01:00:13 AM
 #10458


Seeing a time-compressed chart like this reminds me how much it has zoomed up already. Is it greedy to expect similar increases so soon? Even a gentle upward trend for the rest of the year would be a phenomenal result.


Agreed, but can you tell us what we are dealing with here? Are we talking a currency, stock, commodity, protocol, technology, etc? This is the "problem" and when you add to that the world economic situation, crazy weather patterns, wars and on and on, it becomes an even bigger unknown.

We can't look at this like a regular currency, stock, etc. and we must consider the times. The clue we have is the direction is most probably up. The question is, how much and fast? We can probably agree that we don't know what we are dealing with here.

It is unique, just like the internet was unique when it came out. Comparing BTC to anything traditional is skipping over a lot of variables.

I very much agree with this. Market wise it's clear that we're going up very soon, but the question is such raise is backed by real value or just speculation. I don't see so many exciting news as of lately. It would be important if many websites and retail stores would start accepting bitcoin.

LOL, nothing is clear or guaranteed in any way.

Here's one scenario which could release a lot of tied up BTC and drive the price down.

A lot of people have Bitcoin tied up in ASICMINER shares, for those of you who aren't aware ASICMINER has more than doubled in price over the last couple of weeks and it appears to have already peaked at the moment.

Any large scale sell off of these shares will free up a lot of Bitcoin for profit taking. That's many 1000's of Bitcoin and they could be dumped at a moments notice.

I'm wondering if that guy who purchased $1 Million worth of Bitcoin last friday has been pumping ASICMINER shares all week with his BTC. The timing seems about right to me.



lol you obviously dont have a clue what you're talking about, 1000's of bitcoins? lol do you even have a clue of the depth of asicminer trading?
https://btct.co/security/ASICMINER-PT

tell me exactly where on that order book there will be thousands of bitcoins worth of asicminer shares sold. You can't sell thousands of bitcoins worth of shares if there are no buyers.


I took a quick look at the trading volume and you're right it appears that although a lot of shares have already changed hands in the past few days, I overestimated the quantity and it's not many thousands like I first thought.

You raise an interesting point though. There's no buyers. Considering you know much more about this than I, could you perhaps enlighten me as to what this lack of buyers on the book for ASICMINER shares does suggest ?

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May 24, 2013, 01:02:25 AM
 #10459

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May 24, 2013, 01:28:21 AM
 #10460

if we can keep up this slow and steady action we've been seeing during the weekend, i think next week will be very interesting   Cool


I think people have been saying next week will be interesting for a few weeks now. I think we are starting to see a nice stabilization and if we do see any drastic spikes upwards out of speculation we can expect to land somewhere around where we are at currently.

well I'm saying next week today...
the prospect of cheap coins was the only thing that was holding us back..... people are confused....

its like they forget what's really happening here....
Wink
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