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

[el_rlee]

I had my doubts about btcchina with their trade volume and this only adds more

http://mm.btc123.com/btcchina.php , zoom to 100%

What's wrong with it?

Do you see the amounts?  with a total of 4000 bitcoins for sale and bids for 10 000 (and this includes the ask and bids at 4x or 0.25 the value) , how can it even dream of a volume of 15k/day?

Hm.
The Chinese banking system is pretty fast. You don't need to have your money sitting around on the exchange waiting.
Bitcoin is any ways.

Btcchina seams pretty legit to me, sold there myself already. Can't say that for the other Chinese exchanges. 

[1713577657]

1713577657

[ChartBuddy]

[niothor]

I had my doubts about btcchina with their trade volume and this only adds more

http://mm.btc123.com/btcchina.php , zoom to 100%

What's wrong with it?

Do you see the amounts?  with a total of 4000 bitcoins for sale and bids for 10 000 (and this includes the ask and bids at 4x or 0.25 the value) , how can it even dream of a volume of 15k/day?

Hm.
The Chinese banking system is pretty fast. You don't need to have your money sitting around on the exchange waiting.
Bitcoin is any ways.

Btcchina seams pretty legit to me, sold there myself already. Can't say that for the other Chinese exchanges.  

I know it's legit , I know somebody who used them but that doesn't mean the numbers on their trading volume is real.
Of course there can be bots doing this volume with the 0 fees but still , the market depth is not convincing.

[jl2012]

I had my doubts about btcchina with their trade volume and this only adds more

http://mm.btc123.com/btcchina.php , zoom to 100%

What's wrong with it?

Do you see the amounts?  with a total of 4000 bitcoins for sale and bids for 10 000 (and this includes the ask and bids at 4x or 0.25 the value) , how can it even dream of a volume of 15k/day?

Hm.
The Chinese banking system is pretty fast. You don't need to have your money sitting around on the exchange waiting.
Bitcoin is any ways.

Btcchina seams pretty legit to me, sold there myself already. Can't say that for the other Chinese exchanges.  

I know it's legit , I know somebody who used them but that doesn't mean the numbers on their trading volume is real.
Of course there can be bots doing this volume with the 0 fees but still , the market depth is not convincing.

You can't compare apple (Western exchanges) with orange (Chinese exchanges) Just C&P from another thread:

Another point most of you do not aware is that Chinese BTC exchanges have the best integration with fiat transfer system. Transferring fiat in and out is the biggest headache for many bitcoin exchanges (see MtGox). In China, however, it is completely painless. Taking btcchina, the biggest exchange as example. Users can transfer fiat from any major Chinese bank to the exchange instantly with zero fee. Therefore, depositing BTC is literally faster than depositing bitcoin.

To withdraw, only 0.5% is deducted and in most cases it will arrive in 24 hours. No daily limit. No AML or KYC. All you need are accounts of any major Chinese bank and Tenpay (the Chinese version of Paypal).

(However, this is China, which means the government policy could change overnight)

[vokain]

^Especially those incorporated in HK

[ChartBuddy]

[Richy_T]

Everyone ready for Launch? Lunch? Luaunch?

[ChartBuddy]

[StarenseN]

[ChartBuddy]

[Spaceman_Spiff]

Wondering if we are really about to launch again.  I would prefer a crash prior to another huge launch to be honest (I want more cheap coins first  ).

[Spaceman_Spiff]

Wondering if we are really about to launch again.  I would prefer a crash prior to another huge launch to be honest.

Crash is so last week.

Looks that way.

[ChartBuddy]

[ElectricMucus]

hey





scat porn

[Walsoraj]

Price will increase until we hit 40k ask sum on Gox (currently around 50k). Then we stagnate for a bit, probably followed by slow decline. Small possibility of a mini rocket to 180-200ish if we go under 40k. Turbo crash if we touch 20k.

[ChartBuddy]

[MoreFun]

china still rising, from just under 820 earlier now sitting at 829 and they're well above the pre SR price

Woowww 1% 

[gizmoh]

Price will increase until we hit 40k ask sum on Gox (currently around 50k). Then we stagnate for a bit, probably followed by slow decline. Small possibility of a mini rocket to 180-200ish if we go under 40k. Turbo crash if we touch 20k.

I agree, the current pricing is trumped by lack of coins on Gox, and the house of cards will fall one way or the other with mini rocket and flash crash.Unless our jumbo whale(s) who bought at 80-100 finally decides to cash out on the triple-digits bids.

[bobdude17]

Who else thinks the wall at 145 is going to get pulled?

[Cablez]

Boom baby on bitstamp!