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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26372749 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. (174 posts by 3 users with 9 merit deleted.)
JorgeStolfi
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March 28, 2014, 01:32:02 AM

Since when did you have to be Chinese to trade in China or @Huobi..
AFAIK, since the Dec/2013 edicts you basically needed a Chinese bank account to move money (Yuan) in and out of the exchanges.  (IAnd maybe you needed that in order to get an account on the exchange at all?)

From their trade volume pattern, Huobi's clientele seems to be almost entirely Chinese.  OKCoin may have a significant part of the clientele in other time zones.

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Zapffe
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March 28, 2014, 01:33:33 AM


I sound like this because I have been telling all of this since January, but nobody listened and they called me names Sad
I want to play bitcoin, but the other boys are breaking the game because they don't know how to play Cry
Please, tell them that causing slow downtrends isn't how it's done :''(


WTF?  Are you even invested in BTC?  If so, what's your strategy, just play it by ear and get pissed off at charts?    I keep saying who cares about charts, unless you rely on something that you do NOT understand.  If someone else is relying on something that is less accurate than your method, then more power to you, no?

Of course I'm not invested in BTC. I held BTC more then 24h last time during December 2013. To me, it's madness or stupidity, to be holding coins with this market. My point is that these graphs that are presented are fugazi. They are presented by people who are either incompetent or their goal is to spread false information. This in turn is creating an ugly market and I really wanted for BTC to be pretty.


You lose quite a bit of credibility by NOT being invested in BTC and then to be making suggestions concerning which investment tools a guy should use or NOT use.  I have found that generally the posters providing graphs are putting in a certain level of skin to make their points and projections about the direction of BTC.  Yes, on an anonymous forum, we need to take all information with a grain of salt, and I will take your information with even more grains of salt, once I get to know more about your philosophy regarding BTC - and it does NOT match with mine.  I have been investing and I have quite a bit in the BTC game.  That fact does NOT necessarily make me biased, but gives me various incentives to learn and to take from various sources in order to attempt to maximize my investment possibilities....

And, BTC is NOT my only investment or area of knowledge, so I get what I can out of the various charts, and I find them interesting that posters can attempt to explain various past performance or even to attempt to make predictions based in part on information in the charts....  

NO matter what some people are going to have bad motives... and yours seem questionable in my mind at this point - especially given your seeming proclivity to attack people and to denigrate and to assume bad motives where the bad motives have NOT been proven.


Don't waste your energy on telling me that I'm cruel, I know already that I can be cruel. Try to use your energy on thinking about the fact that we are on a slow long downtrend, that is hurting most of the people involved with bitcoin, and there is a reason for all of this happening.
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March 28, 2014, 01:33:50 AM

BTC back up over 18 bucks now since my last post in here an hour and half ago... imagine that lol,,,, I said we saw bottom then at 474 ish BTC isn't going to crash. I just don't see it. Screw China.  Wink
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March 28, 2014, 01:35:57 AM

Its 2 AM. I got my popcorn with me, but I must say, I am experiencing a certain level of fear.

Sadly, I can't buy moar, my fiat is running out.

Same here.... that's what I keep saying when guys say that they would buy a shitload of BTC if the price went to $100 per BTC... the problem is I would NOT have any money left by the time it got that low.

That's why it is good to day trade during downtrends. If you catch some bounces, you have similar amount of the money all the way down. I manage to do that so far since ATH and actually gained 300-400% but lot of that were some very profitable non btc vs usd trades though.

So far I have NOT been good enough at predicting direction... so sometimes I think we are gonna stay in a range for a while, and I get left in the dust.. accordingly, I have been erring on the side of HODL.
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March 28, 2014, 01:37:04 AM

https://blockchain.info/charts/bitcoin-days-destroyed

 Wink
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March 28, 2014, 01:37:19 AM

omg just woke up and i see panic sell....
i'm very sorry for the people who sell so low price....
they will regret it within next couple of hours ....

a good day for the wall street bitcoin boys.
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March 28, 2014, 01:37:22 AM

BTC back up over 18 bucks now since my last post in here an hour and half ago... imagine that lol,,,, I said we saw bottom then at 474 ish BTC isn't going to crash. I just don't see it. Screw China.  Wink

Dead.  Cat.  Stew.

Stew the dead cats China.  Stew China.
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March 28, 2014, 01:38:29 AM

And time for a retrace. Hopefully a long one.
MinermanNC
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March 28, 2014, 01:38:47 AM

omg just woke up and i see panic sell....
i'm very sorry for the people who sell so low price....
they will regret it with some hours ....

a good day for the wall street bitcoin boys.
I agree
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March 28, 2014, 01:38:58 AM

Now, I'm usually bad in selling at these bounces, I might just keep what I bought for myself Cheesy
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March 28, 2014, 01:39:01 AM

Holy Shizzle, thank you Bitfinex, closed longs@520$ openend new ones 2 seconds later @499$ Smiley


VOLATILITY   Kiss Kiss

Bitcoin Kiss Kiss Kiss

A few new bottles of luxury whiskey will be bought  Kiss Kiss

Good Night
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March 28, 2014, 01:39:27 AM

SHORT SQUEEZE FTW lol.

LOve my max leveraged long position @ 475
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March 28, 2014, 01:41:37 AM

I'm really angry that wall street is probably buying cheap coins right now (not much, but any is enough)... they should pay much higher price.

Not likely, haven't spoted any large buys. If they did, they were $540 and $500 walls, otherwise they didn't get much coins.

True... but I think they are playing smart here. Buying more like 100 coin in a time and not going big, at least not yet.
I think the going theory is that if they're smart, they're not buying on an exchange.

True, but how many off-exchange coins are now in the hands of hodlers? There's no ask walls, so anyone wanting to buy has to build bid walls, which may buy me enough time to sell my motorcycle or rob a liquor store so I can post margin.

I'm on my third pack of cigarettes today. Hope my kids like community college.
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March 28, 2014, 01:42:09 AM

SHORT SQUEEZE FTW lol.

LOve my max leveraged long position @ 475

@ Chessnut , congratulations, it seems to be an awesome trading day with lots of opportunities that many in here enjoy  Smiley
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March 28, 2014, 01:43:50 AM

that is one seriously fast moving price
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March 28, 2014, 01:44:52 AM

I'm really angry that wall street is probably buying cheap coins right now (not much, but any is enough)... they should pay much higher price.

Not likely, haven't spoted any large buys. If they did, they were $540 and $500 walls, otherwise they didn't get much coins.

True... but I think they are playing smart here. Buying more like 100 coin in a time and not going big, at least not yet.
I think the going theory is that if they're smart, they're not buying on an exchange.

True, but how many off-exchange coins are now in the hands of hodlers? There's no ask walls, so anyone wanting to buy has to build bid walls, which may buy me enough time to sell my motorcycle or rob a liquor store so I can post margin.

I'm on my third pack of cigarettes today. Hope my kids like community college.

Haha, don't panic

Now, I'm usually bad in selling at these bounces, I might just keep what I bought for myself Cheesy

You are thinking it will go higher and then it goes down again
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March 28, 2014, 01:46:28 AM

feels like we have unleashed some kind of half bear half bull bitcoin beast!
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March 28, 2014, 01:48:04 AM

I understand more than your average human about bitcoin, however:

What does it mean to "destroy a bitcoin day" please? What is a "bitcoin day?"

edit: nvm Smiley https://bitcoin.stackexchange.com/questions/845/what-are-bitcoin-days-destroyed
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March 28, 2014, 01:49:43 AM

The older a coin is, and the longer it's stayed put at the same address, the higher the day destroyed number is when it moves.

If it was a recently created coin that was sold back and forth all over the place it wouldn't cause much of a blip in comparison.
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March 28, 2014, 01:49:52 AM

I understand more than your average human about bitcoin, however:

What does it mean to "destroy a bitcoin day" please? What is a "bitcoin day?"



Okay how are days destroyed?

"...you multiply the amount of each transaction by the number of days since those coins were last spent. So, 1 bitcoin that hasn't been spent in 100 days (1 bitcoin * 100 days) counts as much as 100 bitcoins that were just spent yesterday (100 bitcoins * 1 day). Because you can think of these "bitcoin days" as building up over time until a transaction actually occurs, the actual measure is called "bitcoin days destroyed". This is believed to give a better indication of how much real economic activity is occurring on the bitcoin network."

http://bitcoin.stackexchange.com/a/847
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