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

[toy4lov3rs]

price doubled in the last 90 days.


oh, beloved up-trend, please stay for good...

For good? No. Cant go up forever. But I think for at least the next 24 months we'll be in a big uptrend.

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[billyjoeallen]

Order book on BFX has changed massively. Only 4K coins down to $425. Over 12K coins to $500.

You got to be brave as hell to take that on. I figure ~half asks are fake and half bids are hidden, so sideways creeping up is the likely path.  Half a million in longs closed last night, replace with unleveraged longs, which indicates less volatility.

[ImI]

boom.gif

[Fatman3001]

nicy nice

Those transactions may be the result of tests from other projects (side chain) type.

Are we expecting less of these projects?

If not...

No and it is welcomed

Agreed!

CCMF!!!

[aztecminer]

nicy nice

Those transactions may be the result of tests from other projects (side chain) type.

or chinese exchanges teaching bitstamp and coinbase how to do volume pumps. .

[600watt]

price doubled in the last 90 days.


oh, beloved up-trend, please stay for good...

For good? No. Cant go up forever. But I think for at least the next 24 months we'll be in a big uptrend.

well ok, forever may seem too bold. a big 24 month uptrend would be breathtaking enough.

confirmed.  

[harrymmmm]

open bazaar almost ready 

it's been almost ready for six months. I'll believe it when it happens.

Yep. I ran it for the first 12 months, thru all it's network indecision, refactorings etc.
It ended up a shadow of it's former darkmarket self, unable even to do Tor.
Not expecting much better in the new release except maybe a better GUI.

OTOH, in the background and relatively stealthed, there's bitmarket which seems to just work as expected (Tor, escrow working, etc.).
Disclaimer: i haven't tried bitmarket...https://github.com/AyrA/BitMarket

[Fatman3001]

Order book on BFX has changed massively. Only 4K coins down to $425. Over 12K coins to $500.

You got to be brave as hell to take that on. I figure ~half asks are fake and half bids are hidden, so sideways creeping up is the likely path.  Half a million in longs closed last night, replace with unleveraged longs, which indicates less volatility.

WELCOME BACK BJA!!!

HOP ON THE CHOO CHOO!!!!

[toy4lov3rs]

price doubled in the last 90 days.


oh, beloved up-trend, please stay for good...

For good? No. Cant go up forever. But I think for at least the next 24 months we'll be in a big uptrend.

well ok, forever may seem too bold. a big 24 month uptrend would be breathtaking enough.

confirmed.  

I'm ready to need my asthma pump. Let's do this. 

[spooderman]

open bazaar almost ready 

it's been almost ready for six months. I'll believe it when it happens.

Yep. I ran it for the first 12 months, thru all it's network indecision, refactorings etc.
It ended up a shadow of it's former darkmarket self, unable even to do Tor.
Not expecting much better in the new release except maybe a better GUI.

OTOH, in the background and relatively stealthed, there's bitmarket which seems to just work as expected (Tor, escrow working, etc.).
Disclaimer: i haven't tried bitmarket...https://github.com/AyrA/BitMarket

it's not supposed to be a market place specific to anything. the point is that people can use it for whatever they want, not just drugs and fake passports.

[ChartBuddy]

Coin



Explanation

[Divitiae miserae]

The moment of truth is approaching. There's not much time left to redeem yourselves.

The Rapture?

[keystroke]

We have another ~20% difficulty jump inbound in t-minus 3 days and counting.

[pleaseexplainagain]

price doubled in the last 90 days.


oh, beloved up-trend, please stay for good...

if you look at the first post on this thread the price was $72. That was about 11 lots of 90 days ago. with a current price of $460 then bitcoin has been going up 18.5% compounded per 90 day period.

if my maths are right that would seem to make the latest 90 day period (up 100%) look a little pumped in comparison to the longer term up-trend?

[harrymmmm]

open bazaar almost ready 

it's been almost ready for six months. I'll believe it when it happens.

Yep. I ran it for the first 12 months, thru all it's network indecision, refactorings etc.
It ended up a shadow of it's former darkmarket self, unable even to do Tor.
Not expecting much better in the new release except maybe a better GUI.

OTOH, in the background and relatively stealthed, there's bitmarket which seems to just work as expected (Tor, escrow working, etc.).
Disclaimer: i haven't tried bitmarket...https://github.com/AyrA/BitMarket

it's not supposed to be a market place specific to anything. the point is that people can use it for whatever they want, not just drugs and fake passports.

The (better) point is that, without Tor, people can't use it for whatever they want

[Elwar]

open bazaar almost ready 

It's looking pretty sweet too.

[Richy_T]

You made the mistake of assuming someone who puts up multiple $2 million sell walls on several different exchanges in the exact same position wants the price of Bitcoin to go down even though they own millions of dollars worth of it.

I mean, this is wall-observer 101 isn't it? Sell walls are for accumulating at lower prices.

[spooderman]

You made the mistake of assuming someone who puts up multiple $2 million sell walls on several different exchanges in the exact same position wants the price of Bitcoin to go down even though they own millions of dollars worth of it.

I mean, this is wall-observer 101 isn't it? Sell walls are for accumulating at lower prices.

TERA doesn't seem to agree. i don't really know how to see it. i tend not to look at the markets, more the actual tech and the growth in transactions and users.

[Torque]

Well I'm feeling more convinced now that this uptrend has more runway.  The whale behavior is starting to look like what it did in early 2013.  

Let's put it this way, if someone is trying to prime the pump for a new rally to a new ATH, they are doing it right.  If it continues to 600 or more, then I can't imagine that it won't explode sometime after that, probably in the new year.  U.S. traders will have new money to invest after they sell off stocks to pay taxes by EOY.

And it would be a damn shame if they waste this rising opportunity, because they have to know that building positive market sentiment doesn't come around all that often.  Once cultivated, don't blow it, use it (this is exactly what they did in 2013).  Because once sentiment turns negative again, it'll stay that way likely for years... again.

I guess we shall see how this all plays out.

[ChartBuddy]

Coin



Explanation