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

[Tzupy]

The bubble period that deflated starting at the end of May was driven by the bid sum. Bid sum rose a lot, bubble inflated, then bid sum dropped a lot,
bubble deflated. But the current bubble period is rather driven by the ask sum, and less sensitive to the bid sum. Considering that Fort Gox keeps the bid sum
from sharply dropping, the only way to deflate is a massive increase in the ask sum. Or plainly explained, lots of coins at lower prices to be offered.
So far, I haven't seen this happening, but maybe the next days it will happen. If this doesn't happen, we're kind of stuck in limbo.

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[adamstgBit]

http://www.youtube.com/watch?v=iTBODoBaCns

[ChartBuddy]

[Walsoraj]

right after all you doubters be doubting, some huge buys come in. we going to da' moon, get over it

[Walsoraj]

BAM $125

Wal's usd cannons are afiring

[Walsoraj]

methinks some news re QE has leaked. spoiler: it will never end. QE TO THE MOON AND BEYOND (along w/ bitcoin)

[ardana123]

methinks it's HIGHLY unlikely they won't go through with the tapering. they would only fuck themselves over if they didn't

[neilol]

I haven't ignored wal/jaro for the comedy. But I'm seriously starting to wonder what kind of psych-profile would posses someone to expend so much time/energy on a consistent troll account(s) like that. What issues would one posses that would be alleviated? Mind blowing/sad to me, probably hold-against-your-will ward bed worthy. Not the place, but I'm genuinely interested. Probably some good research done on the topic.

Edit: I realize this reads like a bait..not the intention

[ardana123]

[Wekkel]

Meanwhile, btc steadily rises. I'll guess its 'buy the dip' for now.

[samson]

Meanwhile, btc steadily rises. I'll guess its 'buy the dip' for now.

Right up until someone decides to buy the wall on $125, then I suspect it's going to go crazy for a while.

[Walsoraj]

methinks it's HIGHLY unlikely they won't go through with the tapering. they would only fuck themselves over if they didn't

QE will never stop. but at some point it will cease to have any impact on the market. Then we will have spurts of chaos. followed by QE by another name. then again more temporary stability until new-name-QE is no longer effective.

then bitcoiners inherit the world

[thezerg]

Meanwhile, btc steadily rises. I'll guess its 'buy the dip' for now.

Right up until someone decides to buy the wall on $125, then I suspect it's going to go crazy for a while.

May not matter; this move started on bitstamp & campbx (see quote below).  Makes sense... nobody in their right mind would send deposits to Gox to buy coin both due to the admitted delays in deposit AND the high premium.  But this is a key event in the breakaway of Gox as leader.

I think we may see cbx and bitstamp approach Gox -- as the other exchanges close the gap, more GoxUSD will buy BTC to get it out at a loss acceptable to each individual.  If cbx/bitstamp closes the gap entirely, it could get us to the strange situation where there is a LOT of buy orders on Gox, few BTC for sale, but no price movement.  In other words, Gox starts following cbx/bitstamp even though it has the largest order book.

Interesting... bitstamp and cbx rallying a couple percent while Gox flatter; stuck under 120 but no real wall until 125.  This is the opposite of the typical divergence where gox rallies and the others are flat.

[neilol]

Meanwhile, btc steadily rises. I'll guess its 'buy the dip' for now.

Right up until someone decides to buy the wall on $125, then I suspect it's going to go crazy for a while.

May not matter; this move started on bitstamp & campbx (see quote below).  Makes sense... nobody in their right mind would send deposits to Gox to buy coin both due to the admitted delays in deposit AND the high premium.  But this is a key event in the breakaway of Gox as leader.

I think we may see cbx and bitstamp approach Gox -- as the other exchanges close the gap, more GoxUSD will buy BTC to get it out at a loss acceptable to each individual.  If cbx/bitstamp closes the gap entirely, it could get us to the strange situation where there is a LOT of buy orders on Gox, few BTC for sale, but no price movement.  In other words, Gox starts following cbx/bitstamp even though it has the largest order book.

On a side note: I'm a huge supporter of CampBx - based in US, demonstrated ability to comply with state/fed regulations, major recent upgrade to hardware.

Sign up with my link and get 10% discounted commission for life! https://CampBX.com/register.php?r=ZE5FhTn4fYt

(I get a bonus if you do!)

[Walsoraj]

less than an hour until fed minutes released and fireworks commence!

[bucktotal]

Sign up with my link and get 10% discounted commission for life! https://CampBX.com/register.php?r=ZE5FhTn4fYt

(I get a bonus if you do!)

cheers. i signed up.

[MickeyT2008]

Sign up with my link and get 10% discounted commission for life! https://CampBX.com/register.php?r=ZE5FhTn4fYt

(I get a bonus if you do!)

cheers. i signed up.

Me too, I was planning to create a CampBX account anyway.  Enjoy your bonus!

[RationalSpeculator]

Meanwhile, btc steadily rises. I'll guess its 'buy the dip' for now.

Right up until someone decides to buy the wall on $125, then I suspect it's going to go crazy for a while.

May not matter; this move started on bitstamp & campbx (see quote below).  Makes sense... nobody in their right mind would send deposits to Gox to buy coin both due to the admitted delays in deposit AND the high premium.  But this is a key event in the breakaway of Gox as leader.

I think we may see cbx and bitstamp approach Gox -- as the other exchanges close the gap, more GoxUSD will buy BTC to get it out at a loss acceptable to each individual.  If cbx/bitstamp closes the gap entirely, it could get us to the strange situation where there is a LOT of buy orders on Gox, few BTC for sale, but no price movement.  In other words, Gox starts following cbx/bitstamp even though it has the largest order book.

Interesting... bitstamp and cbx rallying a couple percent while Gox flatter; stuck under 120 but no real wall until 125.  This is the opposite of the typical divergence where gox rallies and the others are flat.

Interesting. I also was surprised to see bitstamp move while gox not. I agree it's different than catch up as mostly that happens shortly after a move on gox, probably done by arbitrageurs. This time it seems that it's new capital flowing in that pushes up the price at bitstamp.

On the other hand, this makes me realize there might actually be little new capital flowing into bitcoin? Since it won't have gone to gox in months and only now it seems to show in bitstamp?

Actually the price proves that more capital has fled than entered bitcoin since the peak in April.

[MoreFun]

RationalSpeculator bitstamp moved after gox two large buys... so yes, gox leaded that jump but without following.

[ardana123]

less than an hour until fed minutes released and fireworks commence!

dollar rally inc