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

[aspa]

<snip>
http://s27.postimg.org/3ki7j5qsf/Capture.jpg

Lurk moar.

I'm hurt!

[NotLambchop]

^
Don't be bro, just some friendly advice

[aspa]

^
Don't be bro, just some friendly advice

Yes well that way that online penis below my name will never grow to an impressive four-star size

[JayJuanGee]

^
Don't be bro, just some friendly advice

Yes well that way that online penis below my name will never grow to an impressive four-star size

Yeah, you gotta use it to make it grow - just like me and NOTnotpork

[hd060053]

volume on btcchina in the last days is a joke - its only fake volume, you can see the stupid trades buy 300 sell 300...

Volume on okcoin is "more real" (same on huobi) and it is dominating the market now. All exchanges go where okcoin leads.

Still, for me the reference price is on bitstamp.

On which exchanges are u looking for the "real" price?

[prophetx]

...
I've not noticed you having a problem with repeating yourself.

>I've not noticed

Where are you from, cbeast?

Someplace that doesn't care about grammar Nazis.

Where is that, cbeast?  Where do kids who dropped out of school to huff gasoline and invest in Bitcoin hang out?

Bitcointalk

Chronic abuse of organic solvents sure explains some of the thinking here.  

correlation is not causation

Of course.  There's a always a chance that abuse of other recreational neurotoxins/preexisting mental impairments are to blame.

yes, true. and then there are those who were born with an innate ability to screw up sentences when trying to make a point.

[grappa_barricata]

volume on btcchina in the last days is a joke - its only fake volume, you can see the stupid trades buy 300 sell 300...

Volume on okcoin is "more real" (same on huobi) and it is dominating the market now. All exchanges go where okcoin leads.

Still, for me the reference price is on bitstamp.

On which exchanges are u looking for the "real" price?

I'm starting to ignore bitstamp, i think it's dying. Bitfinex, Huobi & OKCoin are the ones i follow, BTChina too but only to spot some eventual shenanigan there.

[conspirosphere.tk]

To the rest of you degenerate Bitcoiners:  YOU CAN NOT HIDE!

[JayJuanGee]

volume on btcchina in the last days is a joke - its only fake volume, you can see the stupid trades buy 300 sell 300...

Volume on okcoin is "more real" (same on huobi) and it is dominating the market now. All exchanges go where okcoin leads.

Still, for me the reference price is on bitstamp.

On which exchanges are u looking for the "real" price?

I remain of the belief that you cannot really look at the price on bitstamp as being reflective of reality, if it is in fact being influenced in any large way by exchanges that are engaging in fake trades.

Now if the chinese exchanges are merely trading a lot of coin because of the zero fees, then that is all fair and well; however, if the coins do NOT really exist and they are being traded and affecting the price in that non-existence kind of way, then that is more problematic for the whole BTC ecosphere.

Hopefully, at some point soon all of these potentially negative and/or scandalous influences on BTC can be sorted out and fixed before they cause any kind of major damage to bitcoin (the network, infrastructure and adoption)...



Edit: Actually, don't get me wrong here.   I am NOT suggesting that there are any flaws in BTC that are of any significant magnitude greater than the many flaws and/or manipulation that tends to occur in various fiat markets (that tend to be eligible for being rescued by fiat government systems).  There may be significant and catastrophic failures in the BTC space due to trust and due to various aspects of centralization (I mean centralized exchanges) that allows manipulation and faking of the market, yet I believe that these kinds of failures will NOT cause the failure of BTC, even though some major failure and/or scandalous catastrophe involving a million or so BTC could cause significant depression and/or drop in BTC values into the double digits... and even potentially prolonged suppression of prices based on impacts on confidence.

[NotLambchop]

To the rest of you degenerate Bitcoiners:  YOU CAN NOT HIDE!

P.S:  We have milk and cookies!

[cbeast]

To the rest of you degenerate Bitcoiners:  YOU CAN NOT HIDE!

P.S:  We have milk and cookies!

[JimboToronto]

From nov. 2nd to 9th there was a moderate uptrend of roughly 0.6% gains a day. From the 9th to the 12th it was about 4 % a day. Then things really heated up and the price went up over 20 % in two days - 10 % a day!

Had the ramping up not happened, at 0.6% a day since the 2nd, we'd now be at about 340 usd / btc, up over 7 percent. With just the first steepening of the slope with no downward action, we'd be around 411 usd. That's up 28% from november 2nd, yikes! And had the last spike continued as it was going, we'd expect a price in the region of 500+ now, up over 56% since the 2nd. Holy hell!

And yet, to judge by the way people are pouring ash over their heads here, that last scenario should have come true, and since it didn't, Bitcoin is clearly doomed!

Some perspective, please.

But, but... if it goes up $5 it's a moontrain and if it goes down $5 it's the Titanic in flames.

Don't you understand? Don't you follow the 2 minute charts?

Why this massive 2 day downtrend almost negated the previous day's bubble. Bitcoin is officially dead.

 

[NotLambchop]

To the rest of you degenerate Bitcoiners:  YOU CAN NOT HIDE!

P.S:  We have milk and cookies!

You just sealed your fate, Bitcoin criminal scum. 

[hyphymikey]

volume on btcchina in the last days is a joke - its only fake volume, you can see the stupid trades buy 300 sell 300...

Volume on okcoin is "more real" (same on huobi) and it is dominating the market now. All exchanges go where okcoin leads.

Still, for me the reference price is on bitstamp.

On which exchanges are u looking for the "real" price?

OKcoin, even though it's one person trading back and forth with himself, everyone seems to be following his every move.

[JayJuanGee]

volume on btcchina in the last days is a joke - its only fake volume, you can see the stupid trades buy 300 sell 300...

Volume on okcoin is "more real" (same on huobi) and it is dominating the market now. All exchanges go where okcoin leads.

Still, for me the reference price is on bitstamp.

On which exchanges are u looking for the "real" price?

OKcoin, even though it's one person trading back and forth with himself, everyone seems to be following his every move.

I don't buy these various one person theories... even though probably, it frequently can be possible to trace some of the action to one person or group for short periods of time, but sometimes also there could be other actors that are copy catting and/or piling on, and that is partly what the whales count on in order to be able to accomplish meaningful effects with smaller quantities of capital... even if they happen to be o.k. to work at a loss for significant periods of time in order to potentially achieve longer term manipulation objectives.

[grappa_barricata]

@NotLambchop

[noobtrader]

i bet btc will rise again within 24 hours which is critical...

[prophetx]

when does the weekend rodeo start yall?

[ShroomsKit]

when does the weekend rodeo start yall?

The weekend pump and dump?

[goldsun]

I don't know what holds the price between 398-410 today, is it the chinese market? How can one know that?

If thats the case, then there might be some decentralization, but not by real banks, but by individuals or organisations.

Anyone care to explain?