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

[JorgeStolfi]

One more, about the new "international" Chinese exchanges:

Caleb Chen, Cryptocoins News, 21/07/2014
Chinese Bitcoin Exchanges BTC China And OKCoin Start Accepting USD
http://www.cryptocoinsnews.com/news/chinese-bitcoin-exchanges-btc-china-okcoin-start-accepting-usd/2014/07/21

There is also BitVC, created by Huobi and also based in Hong Kong https://www.bitvc.com/

The BitVC page says "volume: 12296 BTC".  If that is is for the last 24 hours, then, added to ~12 kBTC of "old Huobi" for today gives ~25 kBTC/day -- nos spectacular, but not extremely low either. 

[1715027371]

1715027371

[mmitech]

while Bitcoin is not moving anywhere, the best way to make profits is to start looking at alts, and I dont mean the pumps and dumps coins.... I started doing this the last couple of days...

[ChartBuddy]

Explanation

[JayJuanGee]

vendors using Bitpay et al are essentially just accepting fiat and perhaphs an unknown % of BTC too (most companies would keep this % to themselves for obvious reasons)

Hm, what would be those reasons?  For tax evasion?  It would be quite risky, since Bitpay knows how much the vendor received, and even a traditional audit of his books by the IRS could easily reveal the evasion.

By the way, I am aware that this discussion is old and my observations have been made by others before.  However, there still seem to be people who expect the price to rise whenever such news come out, or claiming that the route USD-->BTC-->USD-->Goods saves money compared USD-->Goods.

[/quote]

You make a lot of assumptions, and then you continue to argue those assumptions in spite of contrary facts.    People can weigh the costs, and determine which route saves more money.  Ultimately, BTC is going to be cheaper for transactions as liquidity increases.  Dell creates additional liquidity for BTC transactions and potential snowballing of adoption.

[beetcoin]

while Bitcoin is not moving anywhere, the best way to make profits is to start looking at alts, and I dont mean the pumps and dumps coins.... I started doing this the last couple of days...

how can you really distinguish what is a pump and dump though? any new altcoin that is being released is probably pre-mined a good deal.

[ChartBuddy]

Explanation

[empowering]

Amusement

Fib retracement of ATH (MtGox)  

0%         1,242
23.6%    949.124
38.2%    767.938
50%    621.5
61.8%    475.062
76.4%    293.876
100%     1

Slap bang

Also just for fun.
extensions
261.8%    4,493.556
200%    3,726
161.8%    3,251.556
138.2%    2,958.444
100%    2,484
61.8%    2,009.556

Can you enlighten my chromosomal rich gnome and let me laugh too?
In other words, can you explain the numbers?

Hi I am merely amused that we are slap bang in the middle of the move from 1-1242 and sticky at a moment of seeming indecision and at a time when the market is consolidating/trading sideways - literally slap bang in the middle of the 1-1242 "move" - and so I thought I would check out the fib levels- which is more why I added them (the 50% fib is not overly important) or did you want me to rant about golden ratio and fibonancci/explain how I got the rest of the numbers? I happen to be rather fond of fibs and the golden ratio so happy to do so.

Edit The other reason it is an amusement is that I do not think using fib retracements retracing this whole move from 1 is that useful per se (perhaphs only if there is a fractalised beautiful sacred geometry occuring within BTC (or is that a sacred geometry within us as natural beings of the universe that is important here?? hmm then again as a creation of humans BTC is essentially human too... which would make it a product of nature... so maybe...  )  and of course in the case others humans and non humans using the same retracement calcs to trade from-  in this case I do not think it is overly useful to describe 1 as the origin of the move up to 1242, as I am not sure it was a "move" at all in the early days... I tend to disregard the first few years when looking at the charts for TA - and start from $5 upwards, and even then....  although with longer term outlooks, starting from 1- 5 - 10 as in terms of BTC , for me it is just to give me a visualisation of the action.

I started out from the 621.5 figure.. and was curious to see if 621 had any "signifigance" as we had been sticking around it , when I played with the numbers I noticed that it was 50% of 1242 which I recalled was the prevoius ath for MT GOx an I thought I wonder what thr erest of the retracement figures show... and so I posted them ohhhhhhhhhhmmmmm and I have taken an housr ago a rarher powerful sleepngpill as I have to
go away and clappse now early flight . ..woo whoo it has really hskicked in and I can not see sriaght or where the keys are on th laptop
yeah a n I cannot tpe so nigt

keep btc safe for evrone ha ha this is hilarious........might try work like this everyday meh g

[ShroomsKit]

How nice that yet another day was all about IdiotStolfi. The sociopath must have the time of his life thanks to you guys.
When will you people realize he is only here to get attention. He wants his name quoted as much as possible. That's why psycho's like him use their real name.

[ChartBuddy]

Explanation

[empowering]

How nice that yet another day was all about IdiotStolfi. The sociopath must have the time of his life thanks to you guys.

Well maybe chime in more with your views and thoughts charts and analysis and discussions observations , memes and general blah blahand chit chat - tis everyone forum - just do your own thing fella... pllenty of other peple to chat to..  have to go noe I am out of my face hs ha

[hdbuck]

How nice that yet another day was all about IdiotStolfi. The sociopath must have the time of his life thanks to you guys.

Well maybe chime in more with your views and thoughts charts and analysis and discussions observations , memes and general blah blahand chit chat - tis everyone forum - just do your own thing fella... pllenty of other peple to chat to..  have to go noe I am out of my face hs ha

yea its boring here, take it easy. consider it as some sort of prevention for any newcomers coming along and buying it all. ^^

...
ohhhhhhhhhhmmmmm and I have taken an housr ago a rarher powerful sleepngpill as I have to
go away and clappse now early flight . ..woo whoo it has really hskicked in and I can not see sriaght or where the keys are on th laptop
yeah a n I cannot tpe so nigt

keep btc safe for evrone ha ha this is hilarious........might try work like this everyday meh g

gnight!

[ChartBuddy]

Explanation

[aminorex]

mexican standoff at crypto-corral.
https://www.youtube.com/watch?v=IHQr0HCIN2w&list=PLQU9l-C-EYVbjqvolQzVg2vyQlivVbzH_

[mooncake]

697BTC buy wall at 622.71 on Stamp.

[fallinglantern]

697BTC buy wall at 622.71 on Stamp.

Interesting. Let's see if it gets eaten.

[ChartBuddy]

Explanation

[DhaniBoy]

boring sideways
bitcoin price not going anywhere for this week
was good news from dell accepted bitcoin not help to raise the price?

[ChartBuddy]

Explanation

[aminorex]

If you like your price, you can keep your price.

[ChartBuddy]

Explanation