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

[notme]

It comes at a high time/knowledge/discomfort price.  

Trust me, that's only because you learned Windows first.  When I use Windows, it always takes me 10x longer to accomplish any task than on my Linux box.

Why would I trust you when you are obviously lying/full of shit?

[desired_username]

don't feed the troll

On the linux vs win topic. I agree, it depends what you are using more (or got used to).

Same with phones, I had and iphone (for a short while), and after years spent on android I find iphones utterly rubbish.

[prophetx]

Gox approaching 5,000 24hr volume. lulz, btc = dead.

its weird.. just about a month ago 25k was the normal "low"

30k being the average daily volume

What? 30k was NOT the average. that was a high, usually once a week IF THAT.

50k daily was normal pre-April crash. In the weeks leading up to the crash we had over 100k daily. Peaked over 550k.

NO ONE IS INTERESTED AT THESE PRICES (but the bots).

Was it really? I could have sworn every time I checked volume it was like 30k.

http://bitcoin.clarkmoody.com/

Set the period to D1 (daily). The volume was fucking PATHETIC all summer. total joke. Bots are floating this failboat.

then leave and go away.

GOOD BYE

[rpietila]

Seems to me like the amount of value being traded has, when you take into account prices, increased. I mean 50k coins at $10 each is less then 5k at $130.

Which is already reflected in the higher price. IMO BTC volume is the appropriate indicator.

Agreed. And we are preaching an all time low in terms of coin supply at Gox. It looks to me that there's very little new fiat going to Gox, and very little coins being offered.

I (for one) cannot currently justify using Gox for storing either fiat or BTC. I did store 1000+ BTC there for more than a year so apparently I trusted them more back then, (or BTC was cheaper..)

- No real reason to buy from there, as Bitstamp's liquidity is enough for me.

- Feels risky to sell there, since I am waiting for my first withdrawal.

Meanwhile:

- Localbitcoins has grown a lot and is already a major source of volume.

- Bittiraha.fi in Finland is doing more volume extraexchange.

- I am also back to work, doing OTC.  

We are moving away from Gox-centric world. In my observance, the total volume we have now, is actually brisk when taking into account the insecurity concerning Gox, the holiday season, and the aftermath of the minibubble in April:

http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgSzm1g10zm2g25zvzl

(It is increasingly more evident that there never was a bubble in 2013, not any more than the Pirate event in 2012. The only bubble Bitcoin has experienced so far was in June 2011, and that was a bear trap. Bulls made anything north of 300% in 2 years =) )

[wachtwoord]

Seems to me like the amount of value being traded has, when you take into account prices, increased. I mean 50k coins at $10 each is less then 5k at $130.

Which is already reflected in the higher price. IMO BTC volume is the appropriate indicator.

Agreed. And we are preaching an all time low in terms of coin supply at Gox. It looks to me that there's very little new fiat going to Gox, and very little coins being offered.

I (for one) cannot currently justify using Gox for storing either fiat or BTC. I did store 1000+ BTC there for more than a year so apparently I trusted them more back then, (or BTC was cheaper..)

- No real reason to buy from there, as Bitstamp's liquidity is enough for me.

- Feels risky to sell there, since I am waiting for my first withdrawal.

Meanwhile:

- Localbitcoins has grown a lot and is already a major source of volume.

- Bittiraha.fi in Finland is doing more volume extraexchange.

- I am also back to work, doing OTC.  

We are moving away from Gox-centric world. In my observance, the total volume we have now, is actually brisk when taking into account the insecurity concerning Gox, the holiday season, and the aftermath of the minibubble in April:

http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgSzm1g10zm2g25zvzl

(It is increasingly more evident that there never was a bubble in 2013, not any more than the Pirate event in 2012. The only bubble Bitcoin has experienced so far was in June 2011, and that was a bear trap. Bulls made anything north of 300% in 2 years =) )

So you recuperated completely?

[rpietila]

- I am also back to work, doing OTC.  

So you recuperated completely?

I think after 6 more months I am back at "normal". It takes time.

[smoothie]

Gox approaching 5,000 24hr volume. lulz, btc = dead.

MTGOX VOLUME  =/= Bitcoin 

[wachtwoord]

- I am also back to work, doing OTC.  

So you recuperated completely?

I think after 6 more months I am back at "normal". It takes time.

Congrats. There aren't many things more important than good health: physical or mental.

[Rampion]

Seems to me like the amount of value being traded has, when you take into account prices, increased. I mean 50k coins at $10 each is less then 5k at $130.

Which is already reflected in the higher price. IMO BTC volume is the appropriate indicator.

Agreed. And we are preaching an all time low in terms of coin supply at Gox. It looks to me that there's very little new fiat going to Gox, and very little coins being offered.

I (for one) cannot currently justify using Gox for storing either fiat or BTC. I did store 1000+ BTC there for more than a year so apparently I trusted them more back then, (or BTC was cheaper..)

- No real reason to buy from there, as Bitstamp's liquidity is enough for me.

- Feels risky to sell there, since I am waiting for my first withdrawal.

Meanwhile:

- Localbitcoins has grown a lot and is already a major source of volume.

- Bittiraha.fi in Finland is doing more volume extraexchange.

- I am also back to work, doing OTC.  

We are moving away from Gox-centric world. In my observance, the total volume we have now, is actually brisk when taking into account the insecurity concerning Gox, the holiday season, and the aftermath of the minibubble in April:

http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgSzm1g10zm2g25zvzl

(It is increasingly more evident that there never was a bubble in 2013, not any more than the Pirate event in 2012. The only bubble Bitcoin has experienced so far was in June 2011, and that was a bear trap. Bulls made anything north of 300% in 2 years =) )

Glad you are back, the truth is we need OTC more than ever. Hope to do my first trade with you soon.

[MoreFun]

Birds are flying very low. Is this the sign?   

 

[Sitarow]

Gox approaching 5,000 24hr volume. lulz, btc = dead.

According to this 15k BTC Volume in 24 hours had occurred over just these 4 Exchanges. This is good as we are moving towards a decentralized exchange rather than the risky centralized trading platform.

[adamstgBit]

- I am also back to work, doing OTC.  

So you recuperated completely?

I think after 6 more months I am back at "normal". It takes time.

take it easy, and save your money 

[bzzard]

I really wish the blockchained data could be parsed better than the last 15 days or 2 years.  It would also be nice to adjust the zoom better.

Is the historical depth data freely available anywhere? Or how did they manage to get it?

If you talking about charts data - BTCCharts have a module with archival orderbook (every hour).
Eventually you can rollover on trades in live orderbook module to see orderbook from that time (to the seconds).

[MAbtc]

Seems to me like the amount of value being traded has, when you take into account prices, increased. I mean 50k coins at $10 each is less then 5k at $130.

Which is already reflected in the higher price. IMO BTC volume is the appropriate indicator.

This.

Poor Gox. 

[JimboToronto]

Poor Gox. 

I don't want to be a syntax nazi, but Gox isn't poor. Their service is.

 

[prophetx]

Seems to me like the amount of value being traded has, when you take into account prices, increased. I mean 50k coins at $10 each is less then 5k at $130.

Which is already reflected in the higher price. IMO BTC volume is the appropriate indicator.

This.

Poor Gox. 

no. not this...

the peak happened on low volume, it was high volume which caused the crash, careful what you wish for...

[rampantparanoia]

no. not this...

the peak happened on low volume, it was high volume which caused the crash, careful what you wish for...

this i have noticed as well. whenever transaction volume is low, the price is high. when volume is high, price is slow. supply & demand.

[dserrano5]

Poor Gox.  

I don't want to be a syntax nazi, but Gox isn't poor. Their service is.

 

You're not being a syntax nazi, but a semantic one.

[Walsoraj]

Anyone notice that minutes ago the ticker on Gox was showing last prices in the $136 range but this did not register on other tickers? Weirdness.

*edit*

And gox's ticker is not showing lows in below $137. More weirdness.

[Kupsi]

Seems to me like the amount of value being traded has, when you take into account prices, increased. I mean 50k coins at $10 each is less then 5k at $130.

Which is already reflected in the higher price. IMO BTC volume is the appropriate indicator.

This.

Poor Gox. 

The total BTC volume on the exchanges will become lower and lower if Bitcoin succeeds. Less BTC traded for FIAT = Good for Bitcoin.