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

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Miz4r]

That bid sum on finex and stamp  Ask side is really thin...

It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon.

you can watch western exchanges as much as you want, china has the biggest pools and farms now. 

That's why the selling pressure is stronger there. Mining doesn't matter, it's about who's buying the coins.

[tarmi]

That bid sum on finex and stamp   Ask side is really thin...

It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon.

you can watch western exchanges as much as you want, china has the biggest pools and farms now.  

That's why the selling pressure is stronger there. Mining doesn't matter, it's about who's buying the coins.

3600 coins per day do matter. if most of them are made in china...well, the cost of their production is really low.

[JimboToronto]

You don't have understand technology to understand why a currency capped at 21M with half already in the hands of neck beard nerds and come into existence by solving puzzles in big jerry rigged Chinese warehouses is not ever gonna work in the real world.

Oh noes. The Bronies are taking over.



 

[BrewCrewFan]

That bid sum on finex and stamp   Ask side is really thin...

It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon.

you can watch western exchanges as much as you want, china has the biggest pools and farms now.  

That's why the selling pressure is stronger there. Mining doesn't matter, it's about who's buying the coins.

3600 coins per day do matter. if most of them are made in china...well, the cost of their production is really low.

<insert joke>

Well if they make most of the coins I hope they are not as shotty as most of the other stuff they make, that falls apart in 3 months....


<runs>

[oda.krell]

That bid sum on finex and stamp   Ask side is really thin...

It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon.

you can watch western exchanges as much as you want, china has the biggest pools and farms now. with lower demand in china and a lot of bagholders, I wonder where those coins are going to go.

Quite marked change of tone lately, tarmi. Hoping to re-buy cheaper, huh?

Anyway, Miz4r made a completely valid point: China seems more "bearish" than the big Western exchanges, with signs that the latter are accumulating and the former are distributing. Nothing to do with "bagholders" or other troll-y terms: it's an observation - BS and BF seem to be accumulating again. Bid/Ask confirms this. Plausible conclusion is that the influence of the Chinese trading on the market is (gradually) fading, though I wouldn't go as far as saying Chinese trading volume isn't important anymore.

[N12]

"Western" exchanges in Hong Kong and Bulgaria. What's this world come to?

[oda.krell]

If it's run by some happily insider trading French dudes, I'll call it Western no matter where it's registered...

The French really seem to have some knack for running well maintained exchanges, don't they

[RD965]

Bitfinex

Bitstamp

Explanation

Is this a bot?

[tarmi]

never liked bitfinex. I think they are the next gox.

btw, nice dump on stamp.

[RD965]

never liked bitfinex. I think they are the next gox.

btw, nice dump on stamp.

Stamp is no better really

[Cassandra_PR]

Get in losers, we're going Where No Man Has Gone Before!

 http://www.woefultourist.com/wp-content/uploads/2012/01/IMGP0754.jpg

[tarmi]

never liked bitfinex. I think they are the next gox.

btw, nice dump on stamp.

Stamp is no better really

but it is. they are not so blatantly manipulating their books and orders, and not using customers funds for inside trading, etc.

I hold fiat at stamp and I wasnt worried at all during the hack.  

[mmitech]

The evolution of the cryptocritic slowpoke:


"Bitcoin will never be worth more than a few cent".

=> 2011: $32

==> "Ha! Price dropped from $32 to $2. Bitcoin is dead!"

===> 2013: $260, $1100

====> "Ha! Price dropped from $1100 to $200. Surely now Bitcoin must be dead."


"Nobody has any interest in using Bitcoin"

=> Network grows exponentially, 5 years in a row

==> "Okay, nobody other than a few nerds and libertards is ever going to use or accept Bitcoin"

===> Microsoft online, Overstock, Dell, Newegg

====> "They don't really accept Bitcoin, they convert most of it to USD immediately. Big money despises Bitcoin."

======> $75 million investment in Coinbase, by New York Stock exchange, among others

=======> "They don't actually think Bitcoin is useful or is going to stick around. Didn't you know the only guys who made money during the gold rush where the sellers of shovels?! That's exactly how they see Bitcoin."


And so on, and so forth.

There's a big premium to be had in this market, and you guys are the reason. Never change, please. ^_^

"Bitcoin from $2 to $1100" - Brought to you by Mark Karpeles in collaboration with Ross Ulbricht.

Microsoft, Overstock, Dell and Newegg accepted bitcoin because they knew that they were reaching its unique user-base. DUH! More customers, especially considering that bitcoin's userbase is most made out of techies, meant more potential for selling their products. DUUUUH!! If there was a currency with a pretty decent user-base named BangYourDeadGrandmaCoin, i'm pretty sure they would have accepted that too.

Regarding Coinbase, it could easily dump this World of Warcraft: Wrath of the Lich King unusable virtualtulip currency and replace it with more potent ones that i'm pretty sure they are being developed as we speak. Currencies that will bury this one like what Facebook did to Hi5 and Myspace.

Also, "The $75 million funding round is believed to value the company at $400 million, though this couldn't be confirmed." These fucks can't wait to transform companies into bubbles like Instagram, Oculus Rift and Whatsapp so they can EXIT and make a shit ton of money.

Stop with this fake confidence, goofy boy. Bitcoin's name will be milked till it will enter its Sterling Deluxe Stainless Steel Coffin (maximum 2 years) and then a new shiny improved coin will replace it as easy as saying "BAGHOLDER"

+1 wisdom words.

[mmitech]

Our exchanges are run by amateurs and criminals and they are the biggest bottleneck in Bitcoin's valuation.

I agree, Bitcoin price in an open and transparent market should be at double or single digits by now.

[mmitech]

...

I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore

you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.

[oda.krell]

...

I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore

you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.

Aww, second time you accuse me of becoming a "cultist". You'll note that there are no "$10k coin in summer" predictions coming from me.

But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.

[Eamorr]

Microsoft and Dell adopting Bitcoin smacks of desperation.

The days of "blue chip" companies maintaining their place on the fortune 500 for years and years is over.

In 10 years, many of today's so-called "blue chip" companies will be dead and companies we've never heard of will be on the list.

[GaliX]

never liked bitfinex. I think they are the next gox.

btw, nice dump on stamp.

having money on Bitstamp is probably one of the dumbest places to have money on at the moment.

[ChartBuddy]

Bitfinex

Bitstamp

Explanation