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Question: When $60K? (EST time zone)
Feb. 21 - 7 (5.7%)
Feb. 22 - 19 (15.6%)
Feb. 23 - 13 (10.7%)
Feb. 24 - 9 (7.4%)
Feb. 25 - 8 (6.6%)
Feb. 26 - 9 (7.4%)
Feb. 27 - 3 (2.5%)
Feb. 28 - 4 (3.3%)
March - 28 (23%)
After March - 14 (11.5%)
Never - 8 (6.6%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25187802 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
HI-TEC99
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June 22, 2017, 11:01:45 PM


Comparing mega bubbly 2013 with soft run up 2016-2017.

I am a little disappointed  Grin


Yeah, but the overlap of charts is actually the pre-early 2013 bubble, and I am not sure if that is meant to indicate that we have not even accomplished the first 2017  bubble, yet.

Personally, I believe that it is frequently erroneous to attempt to read too much into such an attempt at overlapping - because we know that there are so many factors that are quite different in this time frame as compared with early 2013 - including development, adoption, alt-space dynamics, hardfork issue, ability to short bitcoin, spread out liquidation options, longer track record at governmental attempts at regulation, and likely several other unnamed but materially influential factors.

I read old posts where someone tried overlapping the 2011 rally with the spring 2013 rally. The overlap predicted a bear market, not the second winter 2013 rally to over $1000 that actually happened. Nobody knows what's going to happen next.
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JayJuanGee
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June 22, 2017, 11:23:23 PM


And you forgot one more factor. That at that time, 80-85% of all trades were going through a single exchange that later proved to be completely insolvent and likely had been for several years.

I did mention that there are many exchanges now as compared to few exchanges back in early 2013, and even though MTGOX ended up being a significant differentiating factor in early 2014, I am not sure if the particular issues of MTGOX were further differentiating in early 2013 beyond the mere fact that there were fewer entry, liquidation and trading options at that time.

Maybe one additional thing that I forgot to mention, just for you, Torque, is the advances in numerology that have taken place in the past 4 years.. ?  hahahaha   Cheesy    We cannot forget that, amirite?   Wink







I read old posts where someone tried overlapping the 2011 rally with the spring 2013 rally. The overlap predicted a bear market, not the second winter 2013 rally to over $1000 that actually happened. Nobody knows what's going to happen next.

I am not suggesting that comparisons are not useful, and surely comparisons can be helpful in some regards as long as you take them with a grain of salt and attempt to account for other relevant and material factors.

At the same time, predicting probabilities of up, down or sideways is certainly not random, and some folks seem to have a lot better grasp on direction than others, even if sometimes they just lucky in their prediction or they end up being wrong in spite of calling the probabilities in the opposite direction correctly.
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June 22, 2017, 11:24:44 PM

Is it me, or does there appear to be some serious effort going on to push down sub 2700?



It's a numbers thingie majigie!!!!  


You know that.    Roll Eyes   Tongue

I call bullshit. Someone on Stamp keeps smacking down any breach of plus 2700.
JayJuanGee
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June 22, 2017, 11:28:38 PM

Is it me, or does there appear to be some serious effort going on to push down sub 2700?



It's a numbers thingie majigie!!!!  


You know that.    Roll Eyes   Tongue

I call bullshit. Someone on Stamp keeps smacking down any breach of plus 2700.

Now that I am starting to get used to your style, Torque, it is a bit hilarious how you seem to get so worked up and infuriated over numerology.   Shocked

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June 22, 2017, 11:31:14 PM

Now that I am starting to get used to your style, Torque, it is a bit hilarious how you seem to get so worked up and infuriated over numerology.   Shocked

See this is why you have no credibility here JJG, because you can't even use your own eyes. No one follows anything that you have to say. And the constant numerology bit is a) getting old and b) doesn't even apply here.
deepcolderwallet
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June 22, 2017, 11:51:29 PM



Could we stay on topic gentlemen? ^^

Note that I don't mind discussing politics but there is a part on the forum dedicated for that. Especially as I don't see how Trump is linked to BTC price... He won't do anything to make the dollar stronger: I don't think he wants to, he doesn't care at all about his country or its economy, and even if he wanted to I'm not sure he could do anything.

And on topic: Did you see how the price is on the rise again? Do you think there is a link with the segwit2x increasing support?

Typical globalist/MSM brainwashed trying to ignore POTUS Donald Trump importance in taking back power to people comment.
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June 23, 2017, 12:10:29 AM

Now that I am starting to get used to your style, Torque, it is a bit hilarious how you seem to get so worked up and infuriated over numerology.   Shocked

See this is why you have no credibility here JJG, because you can't even use your own eyes. No one follows anything that you have to say. And the constant numerology bit is a) getting old and b) doesn't even apply here.


Well, that escalated quickly... [insert gif, here].


O.k... let me get back to serious matters.   Angry


The serious matter here is that in the past week or two, Bitstamp has been relatively a bit more bullish than most of the other major exchanges, and in that regard, if Bitstamp's price is a bit higher than others, then doesn't it make sense that dumping is going to take place when it's price is 1 or 2% higher than others, especially if there does not seem to be enough buying support to keep such price rises going?

Yeah, sure most BTC coin holders want BTC prices to rise, but sometimes it is a good thing to allow the buying support to build up and NOT to get too far ahead of ourselves in regards to our bullish BTC price wishes.

In other words, the whole situation looks good, no?  We have a pretty decent ongoing volume level, and overall prices seem to be continuing to trickle up and up and up.. and seems like it won't be too long and we will be testing $3k resistance, again.  So, in that regard, won't it be a bit better of a scenario if we go to test $3k resistance and we have support following along rather than prematurely rushing up to that level, again?
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June 23, 2017, 12:21:00 AM

I just realised Stamp has around 500 coins in sell orders.
While Finex has 5700+. I never had a clue about the size discrepancy of these two exchanges.
 Shocked Shocked Shocked
leowonderful
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June 23, 2017, 12:33:42 AM

I just realised Stamp has around 500 coins in sell orders.
While Finex has 5700+. I never had a clue about the size discrepancy of these two exchanges.
 Shocked Shocked Shocked
It's probably why the exchange is higher than other exchanges. Not sure why people don't sell as much there though if prices are indeed higher.
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June 23, 2017, 12:40:39 AM

I just realised Stamp has around 500 coins in sell orders.
While Finex has 5700+. I never had a clue about the size discrepancy of these two exchanges.
 Shocked Shocked Shocked

?

Stamp has 2250BTC up to $3000, whilst bitfinex has around 3000BTC.

There's not that much difference...
deepcolderwallet
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June 23, 2017, 12:47:52 AM
Last edit: June 23, 2017, 12:59:11 AM by deepcolderwallet

I just realised Stamp has around 500 coins in sell orders.
While Finex has 5700+. I never had a clue about the size discrepancy of these two exchanges.
 Shocked Shocked Shocked

?

Stamp has 2250BTC up to $3000, whilst bitfinex has around 3000BTC.

There's not that much difference...

At cryptowat.ch I'm grouping the orders in 10 BTC steps and last value shown is $2760.00 at Bitstamp summing around 500 BTC. While at Bitfinex grouping in 50 BTC the last relevant step is $3400.00 summing 5100+ BTC.

Am I doing something wrong?
deepcolderwallet
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June 23, 2017, 12:49:56 AM

I just realised Stamp has around 500 coins in sell orders.
While Finex has 5700+. I never had a clue about the size discrepancy of these two exchanges.
 Shocked Shocked Shocked
It's probably why the exchange is higher than other exchanges. Not sure why people don't sell as much there though if prices are indeed higher.

A few months ago we were calling it Bearstamp because Bitfinex's prices were $100+ over Stamp.
bitserve
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June 23, 2017, 01:02:10 AM

I just realised Stamp has around 500 coins in sell orders.
While Finex has 5700+. I never had a clue about the size discrepancy of these two exchanges.
 Shocked Shocked Shocked

?

Stamp has 2250BTC up to $3000, whilst bitfinex has around 3000BTC.

There's not that much difference...

At cryptowat.ch I'm grouping the orders in 10 BTC steps and last value shown is $2760.00 at Bitstamp summing around 500 BTC. While at Bitfinex grouping in 50 BTC the last relevant step is $3400.00 summing 5100+ BTC.

Am I doing something wrong?

I don't use cryptowatch. I use bitcoinwisdom. There's more than 2000BTC up to $3000 at Bitstamp.

P.S.: Oh, so you are comparing how many coins are in Bitstamp up to 2760 vs how many in Bitfinex up to $3400? Well, that explains the discrepancy.
deepcolderwallet
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June 23, 2017, 01:09:38 AM

I just realised Stamp has around 500 coins in sell orders.
While Finex has 5700+. I never had a clue about the size discrepancy of these two exchanges.
 Shocked Shocked Shocked

?

Stamp has 2250BTC up to $3000, whilst bitfinex has around 3000BTC.

There's not that much difference...

At cryptowat.ch I'm grouping the orders in 10 BTC steps and last value shown is $2760.00 at Bitstamp summing around 500 BTC. While at Bitfinex grouping in 50 BTC the last relevant step is $3400.00 summing 5100+ BTC.

Am I doing something wrong?

I don't use cryptowatch. I use bitcoinwisdom. There's more than 2000BTC up to $3000 at Bitstamp.

P.S.: Oh, so you are comparing how many coins are in Bitstamp up to 2760 vs how many in Bitfinex up to $3400? Well, that explains the discrepancy.

No, you got it wrong. The last value shown for Bitstamp is $2760, which made me believe there weren't no more orders over it. But since you told me another tool (bitcoinwisdom) shows more orders over this value I believe cryptowat.ch is buggy. Try grouping orders in a scale of 10 BTC and tell me if it's different of what I'm seeing here.
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June 23, 2017, 01:09:49 AM

The key difference between Bitfinex and Bitstamp is leverage. Most of the people using leverage will be near the current price.

You're not going to borrow dollars so that you can put a buy order at $2500 (paying interest on that money daily).
bitserve
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June 23, 2017, 01:18:04 AM

I just realised Stamp has around 500 coins in sell orders.
While Finex has 5700+. I never had a clue about the size discrepancy of these two exchanges.
 Shocked Shocked Shocked

?

Stamp has 2250BTC up to $3000, whilst bitfinex has around 3000BTC.

There's not that much difference...

At cryptowat.ch I'm grouping the orders in 10 BTC steps and last value shown is $2760.00 at Bitstamp summing around 500 BTC. While at Bitfinex grouping in 50 BTC the last relevant step is $3400.00 summing 5100+ BTC.

Am I doing something wrong?

I don't use cryptowatch. I use bitcoinwisdom. There's more than 2000BTC up to $3000 at Bitstamp.

P.S.: Oh, so you are comparing how many coins are in Bitstamp up to 2760 vs how many in Bitfinex up to $3400? Well, that explains the discrepancy.

No, you got it wrong. The last value shown for Bitstamp is $2760, which made me believe there weren't no more orders over it. But since you told me another tool (bitcoinwisdom) shows more orders over this value I believe cryptowat.ch is buggy. Try grouping orders in a scale of 10 BTC and tell me if it's different of what I'm seeing here.

I think you gave the solution in your own question. You are grouping sell orders for Bitstamp in $10 blocks while for Bitfinex you are using $50 blocks.... Maybe there is a limit in rows displayed? I am sure both exchanges have orders up to the very high thousands (ppl camping for a flash spike/crash). So there's much more than what you are seeing displayed.
deepcolderwallet
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June 23, 2017, 01:27:00 AM
Last edit: June 23, 2017, 01:41:52 AM by deepcolderwallet

I just realised Stamp has around 500 coins in sell orders.
While Finex has 5700+. I never had a clue about the size discrepancy of these two exchanges.
 Shocked Shocked Shocked

?

Stamp has 2250BTC up to $3000, whilst bitfinex has around 3000BTC.

There's not that much difference...

At cryptowat.ch I'm grouping the orders in 10 BTC steps and last value shown is $2760.00 at Bitstamp summing around 500 BTC. While at Bitfinex grouping in 50 BTC the last relevant step is $3400.00 summing 5100+ BTC.

Am I doing something wrong?

I don't use cryptowatch. I use bitcoinwisdom. There's more than 2000BTC up to $3000 at Bitstamp.

P.S.: Oh, so you are comparing how many coins are in Bitstamp up to 2760 vs how many in Bitfinex up to $3400? Well, that explains the discrepancy.

No, you got it wrong. The last value shown for Bitstamp is $2760, which made me believe there weren't no more orders over it. But since you told me another tool (bitcoinwisdom) shows more orders over this value I believe cryptowat.ch is buggy. Try grouping orders in a scale of 10 BTC and tell me if it's different of what I'm seeing here.

I think you gave the solution in your own question. You are grouping sell orders for Bitstamp in $10 blocks while for Bitfinex you are using $50 blocks.... Maybe there is a limit in rows displayed? I am sure both exchanges have orders up to the very high thousands (ppl camping for a flash spike/crash). So there's much more than what you are seeing displayed.

I don't think it's due to a limit in rows displayed, if that was the case a larger number of coins would be shown at Bitstamp's book, but it does not show a relevant number of coins being sold over $2770 right now. Anyway, I believe maybe cryptowat.ch is bugged.
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June 23, 2017, 01:42:51 AM

Found UP-to date picture:  Grin Cool

So Amazon till Christmas?  Roll Eyes

deepcolderwallet
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June 23, 2017, 01:59:02 AM

Found UP-to date picture:  Grin Cool

So Amazon till Christmas?  Roll Eyes



So it says that if someone with Bill Gates net worth (there's a bunch of guys dirty rich like him, isn't it?) or any government feels like investing in create an ASIC more powerful than the actual Antminer then secretly building some mining farms, the whole Bitcoinland could be easily taken over?

How much fragile is the pot where we're putting our money? Because I can think many reasons a government or some powerful banks would want to shut all this down.
Apologies if I'm sounding naïve, I'm not a scientist, I'm only a curious Average Joe.
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June 23, 2017, 02:02:17 AM

Found UP-to date picture:  Grin Cool

So Amazon till Christmas?  Roll Eyes



So it says that if someone with Bill Gates net worth (there's a bunch of guys dirty rich like him, isn't it?) or any government feels like investing in create an ASIC more powerful than the actual Antminer then secretly building some mining farms, the whole Bitcoinland could be easily taken over?

How much fragile is the pot where we're putting our money? Because I can think many reasons a government or some powerful banks would want to shut all this down.
Apologies if I'm sounding naïve, I'm not a scientist, I'm only a curious Average Joe.

It sounds as if you are engaging in purposeful misleading bullshit, while trying to act as if you are "average Joe" naive.   Roll Eyes Roll Eyes

The market cap of bitcoin is not the same as how much computing power that you need in order to attempt to take it over.  Good luck with that.
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