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

[Wandererfromthenorth]

This Bitlicense thing is serious business, until this is not resolved (same with the Winklevoss ETF) we are not gonna go anywhere (no new rally).

As somebody already said, that shit could crush the cryptocurrency industry before it is even truly born.


Why are you even so eager to see BTC going to new highs?  if you are so bullish, why don't you just accumulate at these prices and lower?
What's the point of wanting the moon already?

Have patience, you'll need it for the following months

[1714728606]

1714728606

[Walsoraj]

Just a few drunk beartards. Relax.

[image of dead bear follow]

Can you please stop posting these pictures of dead animals? I mean, you can probably find something more funny no? Don't kill my mojo!!!!

Pretty sure that bear is just sleeping. No metaphor intended.

Not dead, just passed out drunk.

[grappa_barricata]

LTC is walking ahead already.

[lyth0s]

I have been thinking about investing in ethereum.. what are peoples thoughts? I know that they just dumped a shitload of coins, but i think mastercoin is basically their competition.. What are some of your thoughts on ehtereum?

I wouldn't do it personally, I'd just wait for Peter R to release Aethereum

Any cryptocurrency that is essentially one huge IPO is likely a "get quick rich" scam by the creators IMO. Look at bitcoin and litecoin...did they require any IPO at all? Nope. How about every scam coin out there, did they have IPO's or massive pre-mines? you bet.

[grappa_barricata]

Just a few drunk beartards. Relax.

[image of dead bear follow]

Can you please stop posting these pictures of dead animals? I mean, you can probably find something more funny no? Don't kill my mojo!!!!

Pretty sure that bear is just sleeping. No metaphor intended.

Not dead, just passed out drunk.

Ah well, then it is funny It is totally wasted! Good bear.

[hdbuck]

This Bitlicense thing is serious business, until this is not resolved (same with the Winklevoss ETF) we are not gonna go anywhere (no new rally).
As somebody already said, that shit could crush the cryptocurrency industry before it is even truly born.
Why are you even so eager to see BTC going to new highs?  if you are so bullish, why don't you just accumulate at this prices and lower?
What's the point of wanting the moon already?

Have patience, you'll need it  

we dont have time!
we all know who want the prices so low so they can fill in their dirty paperdollars and have a nice bucket of bitcoins so they can fuck up the market again.
we are giving the edge to the hedge funds.

and then who is going to end up plucked?  

[grappa_barricata]

Explanation

What is that hole in the bids at 20:30? Seems like the bitstamp api didn't return the bids at all at that time...

[macsga]

Seems like a glitch. It goes up anyway... so I don't really care!

[grappa_barricata]

Explanation

What is that hole in the bids at 20:30? Seems like the bitstamp api didn't return the bids at all at that time...

I'm going full paranoid mode here, just for the fun, and this is what in my opinion happened 40 minutes ago at bitstamp:

- api call for the book returned empty bids
- liquidity watching bots triggered market sells

[JayJuanGee]

Coinbase is going to buy huge amounts tomorrow

http://www.cryptocoinsnews.com/news/bitcoin-chart-analysis-end-trend/2014/08/19

Segment Coinbase Friday

I didn't see any mention about the quantity.

This supposed news is probably based on the same bullshit texts that people were seeing from Coinbase on Sunday regarding Coinbase making BTC available to them on Friday... It just seems like sloppy and potentially purposefully sloppy journalism (especially, without specifics), and for what reason would Coinbase be buying a large quantity of BTC?  And, why would they disclose that they are doing it before hand?  Makes no sense, and I am calling bullshit regarding that news.

[FUR11]

That was quite a surprising dip right there! It's incredible how the price recovered instantly. It's the biggest volume bar all day long... No other exchanges really followed. Good, stability!

[JayJuanGee]

Coinbase is going to buy huge amounts tomorrow

http://www.cryptocoinsnews.com/news/bitcoin-chart-analysis-end-trend/2014/08/19

Segment Coinbase Friday

Wouldn't want to hurt a rally, but the article based on inaccurate info.  Coinbase buys a certain amount EACH day, turns out lots of buyers that tried to purchase on the drop Sunday morning got that error, which I've seen in the past.  Coinbase soon fixed it later that morning. 

That message just means at that time, the broker Coinbase can't guarantee the buy with their exchange Bitstamp.  It does not mean that they held off on purchasing all Bitcoins until Friday the 22nd.

Reference this thread:

https://bitcointalk.org/index.php?topic=742591.0

YES!!!!   That's more or less what i was trying to say.. but better said... 

[Sandia]

Watching the order books on BFX today, the spread was pretty awful for hours.  It would have cost you $2.70 from the highest bid (not including exchange fees) to buy 1btc.  About $1.70 spread and another buck to gather 1btc from small bids.

What is the strategy if you are doing 100btc or 500btc trades?  In most cases, you are going to lose $2-10 on slippage.  Just sell a few coins at a time as you get close to your exit?  Or only do large trades on big movement?

[JayJuanGee]

Is the US an imperial power run by a corporate/statist oligarchy? Yes. Does this need to be stopped? Yes. Were there many much worse and more evil alternatives in the 20th century that we should be thankful were avoid? Yes. (Pol Pot, Mao, Japanese 1+ million sex camps of teenage girls, Hitler, Stalin, I could go on)

PLEASE don't go on with such, ...   

[FUR11]

I'm really wondering where we're going to be tomorrow morning! I'm always afraid to look on my cellphone each morning in order to see wether BTC survived the night! Ha, often used to be a bad surprise  these past weeks.

[grappa_barricata]

Watching the order books on BFX today, the spread was pretty awful for hours.  It would have cost you $2.70 from the highest bid (not including exchange fees) to buy 1btc.  About $1.70 spread and another buck to gather 1btc from small bids.

What is the strategy if you are doing 100btc or 500btc trades?  In most cases, you are going to lose $2-10 on slippage.  Just sell a few coins at a time as you get close to your exit?  Or only do large trades on big movement?

If i had so much i will at least try to use an hidden order, but i understand when market move fast one don't want to be left behind.

[JayJuanGee]

Two pieces of Coinbase news:
(1) Coinbase is supposed to do an unusually large buy tomorrow or so I saw in a few articles (somebody could clean up that thought);
(2) Coinbase charged people Friday prices last week... hence they have an incentive to do an unusually large buy tomorrow to prop up the price to get more out of the price spread.

Expect $550 to $575 tomorrow... definitely get in on it, but be careful not to overreact when the price spikes (or at least overreact less than everybody else... =D).

These are my thoughts on what will happen next. The Junta says the price goes up... so the price goes up.

HELLO>>> again with this coinbase bullshit.... I believe you know what you are saying is NOT true... and you are still riding it as if there is some there there.  There is NO there there.  So there.  JUST STOP WITH YOUR ANALYSIS BASED ON MISINFORMATION CRAP.

[GaliX]

Watching the order books on BFX today, the spread was pretty awful for hours.  It would have cost you $2.70 from the highest bid (not including exchange fees) to buy 1btc.  About $1.70 spread and another buck to gather 1btc from small bids.

What is the strategy if you are doing 100btc or 500btc trades?  In most cases, you are going to lose $2-10 on slippage.  Just sell a few coins at a time as you get close to your exit?  Or only do large trades on big movement?

If i had so much i will at least try to use an hidden order, but i understand when market move fast one don't want to be left behind.

hodl

[adamstgBit]

@JayJuanGee

did you turn bear?

[grappa_barricata]

The Junta let you believe the price goes in a direction... so the price goes the other way.

Here. Corrected for you.