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

[ChartBuddy]

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[ShroomsKit]

The minute i bought the price dropped and my shares are now worth almost 1 bitcoin less.

There was no drop last 8 trades were all BUY, maybe you are referring to the ask / bid spread.

Yeah...

I'll wait and see what happens...no worries

[ft73]

ASICMINER thought me one thing: if it reaches a new level, it seems to stay there. 0.80, 1.25, 2.50 and now 2.85.

I'm very sad I didn't buy bASIC after reading the "news" or on the rise, but you'll never know where the top is, before you reach it. It yet has to show it's "no bubble" like AM. Fundamentals looking good though. But it's very nice to see more volume altogether. Share trading is fun, it's like getting double gain due to BTC/USD + BTC/share on top.

EDIT: just a correction about bAsic, i've seen some explanations here: https://bitcointalk.org/index.php?topic=130982.msg2533488#msg2533488
a big part of past dividends was composed by ASICMiner shares dividends, so in short the step up won't be 30x.
I'm holding, i think it's still a good investment at current price.

[ShroomsKit]

ASICMINER thought me one thing: if it reaches a new level, it seems to stay there. 0.80, 1.25, 2.50 and now 2.85.

I'm very sad I didn't buy bASIC after reading the "news" or on the rise, but you'll never know where the top is, before you reach it. It yet has to show it's "no bubble" like AM. Fundamentals looking good though. But it's very nice to see more volume altogether. Share trading is fun, it's like getting double gain due to BTC/USD + BTC/share on top.

EDIT: just a correction about bAsic, i've seen some explanations here: https://bitcointalk.org/index.php?topic=130982.msg2533488#msg2533488
a big part of past dividends was composed by ASICMiner shares dividends, so in short the step up won't be 30x.
I'm holding, i think it's still a good investment at current price.

That's why i usually never buy based on someone else's "hints"

But it's ok, i wanted to buy anyway in this case.

[byronbb]

ASICMINER thought me one thing: if it reaches a new level, it seems to stay there. 0.80, 1.25, 2.50 and now 2.85.

I'm very sad I didn't buy bASIC after reading the "news" or on the rise, but you'll never know where the top is, before you reach it. It yet has to show it's "no bubble" like AM. Fundamentals looking good though. But it's very nice to see more volume altogether. Share trading is fun, it's like getting double gain due to BTC/USD + BTC/share on top.

Where do you trade these? And is this graph from there?

[Its About Sharing]

Back to "The Wall" - I'm curious what some of you more experienced traders think about the value of market depth. For example, say what chart buddy is posting.

Those of you that rely on market depth, how much do you use it, relative to TA? I ask because Market Depth can be and clearly is at times, very manipulated. Yes, we are in the wall
thread, but I am really starting to wonder how much attention to give what chart buddy is posting relative to just looking at the charts. Perhaps I just need to weigh one relative to the
other a bit better. Even with TA, BTC is a different animal...

IAS

[adamstgBit]

Back to "The Wall" - I'm curious what some of you more experienced traders think about the value of market depth. For example, say what chart buddy is posting.

Those of you that rely on market depth, how much do you use it, relative to TA? I ask because Market Depth can be and clearly is at times, very manipulated. Yes, we are in the wall
thread, but I am really starting to wonder how much attention to give what chart buddy is posting relative to just looking at the charts. Perhaps I just need to weigh one relative to the
other a bit better. Even with TA, BTC is a different animal...

IAS

their no question walls are used to manipulate people into buying or selling.
depending the the markets mood, a wall can push or pull the price toward or away from it.

[ft73]

That's why i usually never buy based on someone else's "hints"
But it's ok, i wanted to buy anyway in this case.

I was genuinely willing to help.
However, you have a msg.

[Richy_T]

their no question walls are used to manipulate people into buying or selling.
depending the the markets mood, a wall can push or pull the price toward or away from it.

Definitely. I think the way it's changing is more indicative than how it actually is. Shallow depth can mean to take less notice of price changes too. I think it might be possible to factor out some of the orders which are likely to be fake but that's more work than I can devote right now.

[Its About Sharing]

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

[Its About Sharing]

their no question walls are used to manipulate people into buying or selling.
depending the the markets mood, a wall can push or pull the price toward or away from it.

Definitely. I think the way it's changing is more indicative than how it actually is. Shallow depth can mean to take less notice of price changes too. I think it might be possible to factor out some of the orders which are likely to be fake but that's more work than I can devote right now.

But, low volume on the wall is pretty true imo. Easy to pull orders of course, but not to lie about no interest.
I know it is "only" Bitstamp, but it won't take many sells to drop the price. I really wonder if that happened on Bitstamp how Gox would react.

[Miz4r]

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

I've seen similar or larger differences after the dwolla issue.

[crazy_rabbit]

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

I'm a former gox user and now a bitstamp user. To be honest- I trade on Bitstamp because I'm not interested in the drama at Gox and I'm not interested in squeezing every last satoshi of profit out of every price swing. I have a feeling a large number of Bitstamp users feel the same. We will buy and sell when the price suits our interests, but the low volume is just fine. While Gox is $6 above stamp, it feels ephemeral- I'm more convinced it's someone manipulating the market into people raising their buy orders, just to dump on them big time. It's like a cycle. I'm more then happy to sit at $6 below in exchange for a calmer market.

[ChartBuddy]

[Its About Sharing]

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

I'm a former gox user and now a bitstamp user. To be honest- I trade on Bitstamp because I'm not interested in the drama at Gox and I'm not interested in squeezing every last satoshi of profit out of every price swing. I have a feeling a large number of Bitstamp users feel the same. We will buy and sell when the price suits our interests, but the low volume is just fine. While Gox is $6 above stamp, it feels ephemeral- I'm more convinced it's someone manipulating the market into people raising their buy orders, just to dump on them big time. It's like a cycle. I'm more then happy to sit at $6 below in exchange for a calmer market.

I was really addressing the "manipulation" of Gox (e.g. - Todays wire news) and nothing against Bitstamp. I use them. 
What do you feel about Bitstamp using a Slovenian Bank and the recent problems there? I think they got cash from a sale and we are ok for a few months at least, if not longer.

[Voodah]

-off-topic mode on-

Hint: https://btct.co/security/BASIC-MINING
today figures: https://bitcointalk.org/index.php?topic=130982.msg2532580#msg2532580

Price already rose much today, but math is hinting up-to 2% dividend per share/week at current price.
You guess what would happen?

Ah ... tips here: 11NVfnzD1PRm7FzJwbBT3vP6KH2PwRTjU  


-off-topic mode off-

Yeah, was about to buy some earlier today, figured the price already peaked and would go down again. Ofcourse i was wrong.
I can buy now but i can guarantee you the price will drop 1 minute after my buy.

I would have bought myself, but the shares are too expensive for me. Instead I went with DMS.

Too expensive based on what? Serious question as i'm considering buying.

Let's do a little math.
Daily dividend was 0.00013, weekly is 0.00093.
Hashrate is going to multiply roughly by 30x.
Current price is around 1.20.

30 x 0.00093 / 1.20 = 0,02325

theorically meaning 2,3% weekly dividend, paid daily.
Percentually it's about 3x / 4x latest AsicMiner dividend (i'm a shareholder too).
Still doubts?

Wait a sec now.. so you're saying they gonna pay over 100% annually?

Are these numbers correct?

[hlynur]

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

I'm a former gox user and now a bitstamp user. To be honest- I trade on Bitstamp because I'm not interested in the drama at Gox and I'm not interested in squeezing every last satoshi of profit out of every price swing. I have a feeling a large number of Bitstamp users feel the same. We will buy and sell when the price suits our interests, but the low volume is just fine. While Gox is $6 above stamp, it feels ephemeral- I'm more convinced it's someone manipulating the market into people raising their buy orders, just to dump on them big time. It's like a cycle. I'm more then happy to sit at $6 below in exchange for a calmer market.

i love it how your user pic mirrors the satisfaction in your comment

[dexX7]

Where do you trade these? And is this graph from there?

https://btct.co/security - no out of the box charting, but you can try http://coinflow.co/.

I'm a former gox user and now a bitstamp user. To be honest- I trade on Bitstamp because I'm not interested in the drama at Gox and I'm not interested in squeezing every last satoshi of profit out of every price swing. I have a feeling a large number of Bitstamp users feel the same. We will buy and sell when the price suits our interests, but the low volume is just fine. While Gox is $6 above stamp, it feels ephemeral- I'm more convinced it's someone manipulating the market into people raising their buy orders, just to dump on them big time. It's like a cycle. I'm more then happy to sit at $6 below in exchange for a calmer market.

This. Without a closed money loop between Gox and Bitstamp, it is what it is. And while a cheaper price means you get less $ for selling BTC, it also means you can buy more coins for your cash. The relative price change is more or less the same and the gap between those two isn't always like this. There were even times, where Bitstamp was higher valued.

[crazy_rabbit]

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

I'm a former gox user and now a bitstamp user. To be honest- I trade on Bitstamp because I'm not interested in the drama at Gox and I'm not interested in squeezing every last satoshi of profit out of every price swing. I have a feeling a large number of Bitstamp users feel the same. We will buy and sell when the price suits our interests, but the low volume is just fine. While Gox is $6 above stamp, it feels ephemeral- I'm more convinced it's someone manipulating the market into people raising their buy orders, just to dump on them big time. It's like a cycle. I'm more then happy to sit at $6 below in exchange for a calmer market.

I was really addressing the "manipulation" of Gox (e.g. - Todays wire news) and nothing against Bitstamp. I use them. 
What do you feel about Bitstamp using a Slovenian Bank and the recent problems there? I think they got cash from a sale and we are ok for a few months at least, if not longer.

what sale?

[ShroomsKit]

That's why i usually never buy based on someone else's "hints"
But it's ok, i wanted to buy anyway in this case.

I was genuinely willing to help.
However, you have a msg.

Got it.
I normally don't share private pm's but he told me he will refund the small donation i sent to him in case i felt bad about it.
That's classy dude...and totally not necessary.