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Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
Total Voters: 68

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26330463 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 1 users with 9 merit deleted.)
ChartBuddy
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January 13, 2015, 06:00:02 AM
Last edit: January 13, 2015, 06:13:56 AM by ChartBuddy




Explanation

"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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Richy_T
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January 13, 2015, 06:00:29 AM

This is like $1000 but in complete opposite. Cry

In a sense it is.  Everything indicates that the Nov/2013 bubble was the opening of the Mainland Chinese market, specifically the Chinese amateur and semi-professional commodity day-traders, through Huobi, OKCoin and other little-known Chinese exchanges.

I believe that what we have seen through 2014 and now is those Chinese traders are gradually getting disappointed with bitcoin and dumping the coins that they bought during that rally, which then come back to the "West" through arbitragers.  My guess is that those coins included the ~700 kBTC that went missing from MtGOX, and an unknown amount from other sources.  Perhaps 1 or 2 million BTC in total.

Normally I would expect an exponential decay than slows down with time, as in the Feb/2013 and Apr/2011 bubbles.  However, in the last couple of months the decay seems to be linear, or even faster than linear.  Perhaps the Chinese speculators are moving their money to the Chinese stock market, which has been booming in recent months.

Seems about right.
navigatrix
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January 13, 2015, 06:00:44 AM

Where the fuck do all these bitcoins come from that are getting dumped? Is the Bitstamp hacker dumping?

Just speculation, but...

At least 3 scammers absconded with funds in the last 2 weeks. Cryptomine.io, cryptodouble, Hashprofit, and on and on.... undoubtedly more than I am following myself.

I imagine they are dumping BTC and grabbing as much fiat as they can get before heading for the hills.

Maybe not the main factor in the price crash right now, but I'm sure it's contributing.

Stevenirving
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January 13, 2015, 06:00:47 AM

Bottomed
Only place to go is up
 Kiss
cbeast
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Let's talk governance, lipstick, and pigs.


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January 13, 2015, 06:00:54 AM

luckygenough56
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January 13, 2015, 06:06:50 AM

Bottomed
Only place to go is up
 Kiss

*murder urges*  Smiley
cbeast
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January 13, 2015, 06:10:45 AM

Fatman3001
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January 13, 2015, 06:14:43 AM


Even ChartBuddy is mocking me.
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January 13, 2015, 06:16:52 AM


I'm calling bottom.
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January 13, 2015, 06:17:18 AM

img]http://www.scholastic.com/content/images/articles/s/SN56_040612_hdr.jpg[/img]
I'm calling bottom.

You just said we would see $200 in another thread...
cbeast
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January 13, 2015, 06:18:13 AM

img]http://www.scholastic.com/content/images/articles/s/SN56_040612_hdr.jpg[/img]
I'm calling bottom.

You just said we would see $200 in another thread...
One can only hope.
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January 13, 2015, 06:24:10 AM

You guys think we'll see a small rebound?

$280 perhaps?
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January 13, 2015, 06:27:00 AM

You guys think we'll see a small rebound?

$280 perhaps?
Naaa

We will test 300.
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January 13, 2015, 06:28:05 AM

You guys think we'll see a small rebound?

$280 perhaps?

thats my guess. a push down to meet resistance around $200 is possible, but i think that looking at the past month of chart, a rebound to $300 is appropriate, settling at $280 for the next move
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January 13, 2015, 06:28:43 AM

You guys think we'll see a small rebound?

$280 perhaps?

Someone just brought 655 coins in one go on stamp, so maybe
Wandererfromthenorth
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January 13, 2015, 06:35:17 AM

Soon.




Stevenirving
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January 13, 2015, 06:36:26 AM

Just bought 85.43 BTC in 3 transactions @ 250$
It just feels so good. Feels so good.
Cant be mad about it.
ooooooo
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January 13, 2015, 06:38:15 AM

you will be eventually
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January 13, 2015, 06:48:17 AM

I think bitcoin is also suffering from a somewhat rebounding economy elsewhere. There are simply better places to invest your money at the moment and the bitcoin market feels this. Combined with the ease at which it is getting to SPEND bitcoin without simultaneously making it easy to BUY bitcoin means more and more downward pressure.
ChartBuddy
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January 13, 2015, 07:00:01 AM

Bitfinex

Bitstamp

Explanation
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