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

[ChartBuddy]

[derpinheimer]

single 7,5k buy... record?

Depends. There was a 10k buy at 125, but split into two 5k orders executed seconds apart.

Also a single 15k sell at 95 on the way to 60 a few months ago.

[chriswilmer]

1. Mtgox insolvent in BTC having ~13kk USD in bids bought 7,5k BTC for withdrawals.
2. Mtgox insolvent in USD and some whale run away with 7,5k BTC.
3. Someone just want Jaroslaw to be sad.

Maybe Jaroslaw is a bull, now that Walsoraj is a bear...

[derpinheimer]

So does everyone think we rocket up from here?

Bids sure are taking off, asks arent filling in very quickly...

Of course, 14mill in bids still isnt all that much. Im still really 50/50 on whether or not we make a real rise from here [Something like 150 is almost certain] or push back down to ~110

I think if the price does go up, its solely because of people stocking up and storing them. Not that it invalidates it, just that instead of being demand there is just less selling pressure.

[Walsoraj]

Down down down, into a burning ring of fire...

[Walsoraj]

So does everyone think we rocket up from here?

Bids sure are taking off, asks arent filling in very quickly...

Of course, 14mill in bids still isnt all that much. Im still really 50/50 on whether or not we make a real rise from here [Something like 150 is almost certain] or push back down to ~110

I think if the price does go up, its solely because of people stocking up and storing them. Not that it invalidates it, just that instead of being demand there is just less selling pressure.

Not unless it becomes clear that new deposits are coming in.

If new deposits start coming in, we can assume Gox has fixed its fiat withdrawal issues. If that happens, expect masssssss flood of sales. We crash.

[ChartBuddy]

[Walsoraj]

So does everyone think we rocket up from here?

Bids sure are taking off, asks arent filling in very quickly...

Of course, 14mill in bids still isnt all that much. Im still really 50/50 on whether or not we make a real rise from here [Something like 150 is almost certain] or push back down to ~110

I think if the price does go up, its solely because of people stocking up and storing them. Not that it invalidates it, just that instead of being demand there is just less selling pressure.

Not unless it becomes clear that new deposits are coming in.

If new deposits start coming in, we can assume Gox has fixed its fiat withdrawal issues. If that happens, expect masssssss flood of sales. We crash.

I think that is an overly simplistic view. Psychologist Fallacy.

Fuck off, it is pure reason, I am aristotle!

I could fairly accuse you of the same fallacy

[thezerg]

I thought the buy on monday looked a little light.  

He should have waited.  
I was reading your nervous twitching becoming fear.
Instead, jumpy whale clearly fears competition.

[ChartBuddy]

[ChartBuddy]

[Luno]

Since this has become the catch-all thread I'll just leave this here.

Reasons for concern. Bruce Schneier has written that he has seen a bunch of secret Snowden documents, and after seeing them, he recommends classical integer discrete log-based cryptosystems over elliptic curve cryptography. When asked to elaborate on why he thinks we should avoid elliptic-curve cryptography, he writes:

I no longer trust the constants. I believe the NSA has manipulated them through their relationships with industry.

http://crypto.stackexchange.com/questions/10263/should-we-trust-the-nist-recommended-ecc-parameters

Nice find.

[Kupsi]

Since this has become the catch-all thread I'll just leave this here.

Reasons for concern. Bruce Schneier has written that he has seen a bunch of secret Snowden documents, and after seeing them, he recommends classical integer discrete log-based cryptosystems over elliptic curve cryptography. When asked to elaborate on why he thinks we should avoid elliptic-curve cryptography, he writes:

I no longer trust the constants. I believe the NSA has manipulated them through their relationships with industry.

http://crypto.stackexchange.com/questions/10263/should-we-trust-the-nist-recommended-ecc-parameters

https://bitcointalk.org/index.php?topic=289795.0

[ChartBuddy]

[Loozik]

That's why TA is completely useless. But for some odd reason a lot of people here refuse to accept this.

Can you point me to a single post in this thread that has a proper TA?

[Walsoraj]

That's why TA is completely useless. But for some odd reason a lot of people here refuse to accept this.

Can you point me to a single post in this thread that has a proper TA?

Any of my posts, dummy.

[Loozik]

That's why TA is completely useless. But for some odd reason a lot of people here refuse to accept this.

Can you point me to a single post in this thread that has a proper TA?

Any of my posts, dummy.

Yeah, that goes without saying. Let me rephrase the question:

Can you point me to a single post in this thread (Walsoraj's posts exclusive) which has TA right?

[Walsoraj]

That's why TA is completely useless. But for some odd reason a lot of people here refuse to accept this.

Can you point me to a single post in this thread that has a proper TA?

Any of my posts, dummy.

Yeah, that goes without saying. Let me rephrase the question:

Can you point me to a single post in this thread (Walsoraj's posts exclusive) which has TA right?

Thanks.

And the obvious answer to your question is: No. Other than walz, nobody has any clue what they are talking about.

[ShroomsKit]

That's why TA is completely useless. But for some odd reason a lot of people here refuse to accept this.

Can you point me to a single post in this thread that has a proper TA?

Any of my posts, dummy.

Yeah, that goes without saying. Let me rephrase the question:

Can you point me to a single post in this thread (Walsoraj's posts exclusive) which has TA right?

I wish people would stop quoting that idiot.

[ChartBuddy]