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

[aminorex]

According to my data, the number of new users learning about Bitcoin is still decreasing.

(This is an index number based on statistics from websites/webpages explaining about bitcoin.)



Today's index (not plotted here but on hourly chart) looks like it's going to be a new yearly low for a Friday.

This is the most interesting thing I've seen on the wall thread in at least a week:  Lots of new bits of data.   Please, please give us more color on what is being charted, otherwise the bits are wasted.

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[ChartBuddy]

Explanation

[klondike_bar]

According to my data, the number of new users learning about Bitcoin is still decreasing.

(This is an index number based on statistics from websites/webpages explaining about bitcoin.)



Today's index (not plotted here but on hourly chart) looks like it's going to be a new yearly low for a Friday.

This is the most interesting thing I've seen on the wall thread in at least a week:  Lots of new bits of data.   Please, please give us more color on what is being charted, otherwise the bits are wasted.

tl;dr

Lots more people were looking up information about bitcoin when it was peaking in price. That chart starts in January when the price was still over $800. As the price relaxed there was less interest (other than when significant, fast drops in price occurred)

The chart would be FAR more meaningful if it extended back to about april of last year, when the price was stable at $90-120, so you could see the change in interest from then through the price jump and to now. I am sure its a few times higher now than a year ago

[MANofthePEOPLE]

What happened to the order book at stamp? Only 4k btc until $400

[JayJuanGee]

Another thing that annoys me is that when I write "Inevitable crash" I get 3 responses within a minute stating that I am pulling predictions out of my ass. While in the meantime if for example Chessnut predicts "CCMF" with his EW analysis (which he hasnt the slightest idea about), people are already like "CCMF" etc.

b/c ultimately, chestnut is correct, even if he is NOT correct about the timing... and/or his TAs may be less than ideal, he is correct about the direction

[jl2012]

What happened to the order book at stamp? Only 4k btc until $400

I see ~10k

[ChartBuddy]

Explanation

[MANofthePEOPLE]

What happened to the order book at stamp? Only 4k btc until $400

I see ~10k

This is what mine looks like, maybe it's a bug?

[derpinheimer]

What happened to the order book at stamp? Only 4k btc until $400

I see ~10k

This is what mine looks like, maybe it's a bug?

Of course that's a bug. No bids at all in that flat area? Cmon

[MANofthePEOPLE]

What happened to the order book at stamp? Only 4k btc until $400

I see ~10k

This is what mine looks like, maybe it's a bug?

Of course that's a bug. No bids at all in that flat area? Cmon

Which is why I asked wtf just happened

[JayJuanGee]

According to my data, the number of new users learning about Bitcoin is still decreasing.

(This is an index number based on statistics from websites/webpages explaining about bitcoin.)



Today's index (not plotted here but on hourly chart) looks like it's going to be a new yearly low for a Friday.

why does your "chart" only go back until January 2014?  That is a bit selective of a rendition of the situation, isn't it?

[JayJuanGee]

Attention: I have just been dubbed with the honorary title of the greatest most bearish type of bear there is: a permabear. This came after projecting a flat short term market and 'only' a 500% per year exponential growth trend.

No it was based on all your other posts. This post was actually bullish. That is what made me take note. Someone, who thus far was predicting the end of the world as we know it, switching to an (exponential) uptrend. I thought that was worthy to be mentioned

Predicting that a short term dip will occur but then rebound all the way back up and then reach new highs is 'the end of the world'. #bitcointhings

Attention: I have just been dubbed with the honorary title of the greatest most bearish type of bear there is: a permabear. This came after projecting a flat short term market and 'only' a 500% per year exponential growth trend.

And you just realized that ?

I've never been called 'permabear' before. That is supposed to be people who don't think that btc will ever rise again and is a bad long term investment. People like Fonzie.

The problem here is that you are talking to bitcoiners, who I start to believe are the same people who would think that MLM is the next best thing and is going to make them rich.

why dont you say how you really feel?      My understanding is that MLM is another way of saying that you think that bitcoin is a pyramid scheme and believers do NOT realize that bitcoin is a pyramid scheme.  Accordingly, you are of the belief that bitcoin bulls are delusional.   It seems too premature to come to any kind of conclusion that bitcoin bulls are delusional - maybe if the bitcoin price remains more or less in the sub $500 range for the next approximately 18 months, I may begin to agree with conclusions that bitcoin bulls are delusional... otherwise... your assertion seems to be premature... and the delusional ones seem to be the bears... especially any bear that happens to be informed about bitcoin.. if they believe that the price is going to remain below $500 or even to plummet into the below $266 arena.. they seem to be much more delusional than the bulls...  b/c the odds are much greater that btc prices are going up from here rather than down... especially, if we project into the next 3 months or longer

[Kupsi]

What happened to the order book at stamp? Only 4k btc until $400

I see ~10k

This is what mine looks like, maybe it's a bug?

Of course that's a bug. No bids at all in that flat area? Cmon

Which is why I asked wtf just happened

Just refresh the page.

[tuneman1980]

According to my data, the number of new users learning about Bitcoin is still decreasing.

(This is an index number based on statistics from websites/webpages explaining about bitcoin.)



Today's index (not plotted here but on hourly chart) looks like it's going to be a new yearly low for a Friday.

why does your "chart" only go back until January 2014?  That is a bit selective of a rendition of the situation, isn't it?

Here's a page that compares Google Trends data to the price: http://cryptocoinstats.com/interesttracker.php

[ChartBuddy]

Explanation

[sidhujag]

Modi is elected.. that is bullish bitcoin.

sure. and the muslim riot within three months

Muslims actually dont mind him.. its terrorists hes after. They know its a problem in their culture.
Still i wouldnt be surprised if modi went full pro bitcoin and India took charge.

[Walsoraj]

http://www.coindesk.com/bitcoin-businesses-detail-banking-setbacks-at-us-task-force-hearing/

Annemarie Tierney, general counsel and legal EVP for SecondMarket, told the panel that the high-risk profiling recently cost the company a long-time banking relationship.

She said:

“[The bank] gave us notice yesterday that they wanted to end that banking relationship, in part because our transitions around bitcoin, even though we’re not an MSB or an exchange, [it] raised our risk profile and it was too much work for them to figure it out.”

Tierney added that the termination was “very, very discouraging” for the company.

Game over. Sell before it's too late.  

[ChartBuddy]

Explanation

[p0peji]

http://www.coindesk.com/bitcoin-businesses-detail-banking-setbacks-at-us-task-force-hearing/

Annemarie Tierney, general counsel and legal EVP for SecondMarket, told the panel that the high-risk profiling recently cost the company a long-time banking relationship.

She said:

“[The bank] gave us notice yesterday that they wanted to end that banking relationship, in part because our transitions around bitcoin, even though we’re not an MSB or an exchange, [it] raised our risk profile and it was too much work for them to figure it out.”

Tierney added that the termination was “very, very discouraging” for the company.

Game over. Sell before it's too late.  

Bullish!!!1111 MOON!!!11 CCMF!!!!!11

[Walsoraj]

http://www.coindesk.com/bitcoin-businesses-detail-banking-setbacks-at-us-task-force-hearing/

Annemarie Tierney, general counsel and legal EVP for SecondMarket, told the panel that the high-risk profiling recently cost the company a long-time banking relationship.

She said:

“[The bank] gave us notice yesterday that they wanted to end that banking relationship, in part because our transitions around bitcoin, even though we’re not an MSB or an exchange, [it] raised our risk profile and it was too much work for them to figure it out.”

Tierney added that the termination was “very, very discouraging” for the company.

Game over. Sell before it's too late.  

Bullish!!!1111 MOON!!!11 CCMF!!!!!11

Explain yourself.