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

[ShroomsKit]

Well that pump was over quick.

Yesterday Rpietila mentioned that there may be a large "entity" or whale that was testing the market.  Perhaps this is what the pumping and dumping is all about?  Rumors are that this entity wants to purchase 1% of the Bitcoin market!    I hope the "testing" ends quickly and the buying begins promptly.  

Sorry, i don't care about what trolls like him say.
Everything he says is for his own gains. Better is just to ignore it.

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[xulescu]

So given how this thread is always on-topic, I would like to hear a few reasons for and against NXT, if you ladies and gentlemen have an opinion on the matter.

[JayJuanGee]

in bitcoinwisdom, we can choose "candlestick" or "candlestickHLC"  Does anyone know the difference?  Coinhamster: you are saying that candlestickHLC is explanation 1, but then what is "candlestick"?

=> https://bitcointalk.org/index.php?topic=190722.300

That definitely clears up the issue for me, and NOW, I see why I was having confusion with the regular candlestick b/c I was thinking that the bars should be represented as a candlestickHLC in order to logically make more sense in my head.  Accordingly, candlestickHLC is almost like using the exit and entrance transaction price in each 30 minute period (if that is the setting) in order that the periods flow together... which makes more sense for me.. even though such a flow is a little bit of an artificial construction.

[boogi]

lez go, to 460 and beyond!

Maybe in next 12h... I do not predict that it will be faster than this.

nonsense

 we are moments away!

I can feel in in my bones

[sidhujag]

Well that pump was over quick.

Yesterday Rpietila mentioned that there may be a large "entity" or whale that was testing the market.  Perhaps this is what the pumping and dumping is all about?  Rumors are that this entity wants to purchase 1% of the Bitcoin market!    I hope the "testing" ends quickly and the buying begins promptly.  

Sorry, i don't care about what trolls like him say.
Everything he says is for his own gains. Better is just to ignore it.

Not sure what you mean, hes been calling for a bottom since $400 hit last time for a month... maybe you are thinking he wants to cut hsi losses here... but that doesn't make any sense because I doubt he would sell for cheaper than he bought.  You need to critically think about your post to see if it makes sense before flaming someone.

[adamstgBit]

https://www.youtube.com/watch?v=HdNn5TZu6R8&feature=youtu.be&t=1m2s

[adamstgBit]

time is now!

[boogi]

https://www.youtube.com/watch?v=HdNn5TZu6R8&feature=youtu.be&t=1m2s

I thoroughly enjoyed that

[ChartBuddy]

Explanation

[JayJuanGee]

Explanation 1:  The candle will be red if the exit price is lower than the entrance price and the candle will be green if the exit price is higher than the entrance price.

Regarding Explanation 1: If the thick part of the candles reflects the price entrance and exit points,  sometimes the thick part of the candle does NOT seem to match with the supposed price entrance and exit points... b/c the exit of one candle does NOT match up with the entrance of the next candle or possibly with the entrance into the next candle after that... or the thick portion of the candle is just sitting aloof and not connected to either side..   Something seems to be wrong with my understanding of these candles b/c frequently the thick parts of the candles do NOT seem to match up.  

The candle is born when the first trade is made, creating the "entrance point": the start of the candle is determined by the first trade in that time period. Sometimes the first trade is performed at quite a different price to the last price (exit point) of the previous candle. Hence, the gap.

This is frequent at illiquid or low-volume markets like this one: https://btc-e.com/exchange/usd_cnh

It's all beginning to sink in for me, now...  ..... I am NOT sure whether it will improve my buying and selling success, but at least i will understand, a little better, what I am looking at.

[octaft]

https://www.youtube.com/watch?v=HdNn5TZu6R8&feature=youtu.be&t=1m2s

You know how that movie ends, right?

[nanobrain]

*sigh
This is all very tedious isn't it.  

This is the combo of indicators I normally use:

http://bitcoincharts.com/charts/bitstampUSD#rg90ztgSzm1g10zm2g25zxzi1gMACDzi2gRSIzi3gStochRSIzi4gADXzvzps

All this [EDIT: and the bid/ask ratio of 1:1.66] is telling me is, sideways or down.

[adamstgBit]

https://www.youtube.com/watch?v=HdNn5TZu6R8&feature=youtu.be&t=1m2s

You know how that movie ends, right?

hmmm ya,

http://youtu.be/bba5kjtZB9Q?t=1m44s


 

[kodtycoon]

So given how this thread is always on-topic, I would like to hear a few reasons for and against NXT, if you ladies and gentlemen have an opinion on the matter.

wow ok where do i start.. perhaps i will just link to important posts that can sum up things better then i...

buy anything with nxt where ever btc is accepted

https://nxtforum.org/multigateway-jl777/btc-bridge-buy-anything-with-nxt-that-you-can-buy-for-btc!/

sub atomic cross chain transactions nearly in (i think beta) release

https://nxtforum.org/multigateway-jl777/nxtsubatomic-atomic-crosschain-exchange/msg14063/#msg14063

Asset Exchange

Asset Exchange is the decentralised marketplace of Nxt. It is where any any asset, digital or physical, can be traded peer to peer without the need for a centralised third party. The Asset Exchange concept is often generally referred to as Coloured Coins in the cryptocurrency world.

multigateway

multigateway will allow deposit of crypto coins, starting out with btc, ltc, drk and doge, into a multisigniture "account" and deposits are then represented in asset exchange as "assets" which then can be traded and who ever buys the "assets" of that coin can then withdraw the coins from multigateway allowing decentralized crypto trading at high speed(see instantdex) with out any risk of 3rd party theft of coins(gox)
https://nxtforum.org/multigateway-jl777/multigateway-status-reports/
https://dl.dropboxusercontent.com/u/53047281/multi-sig.doc  <<< downloadable .doc describing multigateway more in depth

InstantDEX

InstantDEX is a service built on top of Nxt’s Multigateway service and Nxt Asset Exchange and has been shown in a proof of concept to have achieved ~5 second transaction times prior to any optimization. The goal of InstantDEX is to allow for real time trading of any Nxt Asset against any other Nxt Asset, not just Multigateway assets, and also NXT itself.
After optimization, the goal is to achieve transactions in the ~3 second timeframe. The Multigateway will need to be trusted to redeem assets but almost all of InstantDEX will be decentralized. Due to the nature of the transactions, those with good internet connections will get better performance than those with bad internet connections. InstantDEX is still in development and the discussion thread can be found at here.
https://nxtforum.org/multigateway-jl777/secret-project/

Monetary System

Monetary System will allow you to create currencies backed by NXT. New coins are created by "locking" NXTs. This could be thought as similar to “burning” Nxt but this is inaccurate as the process can be reversed. If you destroy 7% of the supply the created coins then you get 7% of the locked NXTs back. You are unable to lock more NXTs into the coin once it is created so the supply can’t be inflated. Transaction fees for coins created in the Monetary System can only be paid in NXT. To join the discussion, see the Nxtforum.org dedicated subforum at https://nxtforum.org/monetary-system
https://nxtforum.org/monetary-system/

Automated Transactions

In simple terms, Automated Transaction will be trustless Escrows. Work is being done on a Turing-complete scripting layer that can operate on top of the Nxt blockchain. "Turing-complete" is a term that means the scripting language is not limited in scope and can compute anything. This Nxt application will allow for the creation of Distributed Autonomous Corporations (DACs) that can issue transactions automatically, based on a set of rules.

this is huge.. i think lol

https://nxtforum.org/pub-crawl/rfc-project-'jinn'-(processor)/msg14376/#msg14376

digital goods store

https://nxtforum.org/digital-goods-store

thats enough i think lol loads more in the forums

edit: added https://dl.dropboxusercontent.com/u/53047281/multi-sig.doc

[octaft]

https://www.youtube.com/watch?v=HdNn5TZu6R8&feature=youtu.be&t=1m2s

You know how that movie ends, right?

hmmm ya,

http://youtu.be/bba5kjtZB9Q?t=1m44s


 

First wave dies before they go to war.

[TERA]

Go ahead guys CCMF trade this at your peril. I think I'll sit out.

[p0peji]

Go ahead guys CCMF trade this at your peril. I think I'll sit out.

CCMF!!!!!!1111!!!!!!1!!!!1!

Edit:
Going max leverage long, because buying and hodling never goes wrong!! Moon!!!

[tuneman1980]

More on topic: http://www.cryptocoinstats.com/performancetracker.php

[ShroomsKit]

Well that pump was over quick.

Yesterday Rpietila mentioned that there may be a large "entity" or whale that was testing the market.  Perhaps this is what the pumping and dumping is all about?  Rumors are that this entity wants to purchase 1% of the Bitcoin market!    I hope the "testing" ends quickly and the buying begins promptly.  

Sorry, i don't care about what trolls like him say.
Everything he says is for his own gains. Better is just to ignore it.

Not sure what you mean, hes been calling for a bottom since $400 hit last time for a month... maybe you are thinking he wants to cut hsi losses here... but that doesn't make any sense because I doubt he would sell for cheaper than he bought.  You need to critically think about your post to see if it makes sense before flaming someone.

I don't care if he calls a bottom or an ath or whatever. He is a mentally ill troll who is here to play the noobs for his own gains. I thought this was common knowledge.

[ChartBuddy]

Explanation