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

[molecular]

Everyone please, stop the madness !

I don't wanna see any more posts (probably americans) with people saying saying China wants to see the USD go down.

This is outright wrong, you need to stop reading this Wall observer and go read the newspapers first.

China is the absolute #1 investor in USD. Get your facts straight.

Well, since you apparently have your facts straight, please point me to a source that verifies you claim that "China is the absolute #1 investor in USD".

https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves

China is #1 holding 3.5 trillion USD as of June 2013

EDIT: oops, that's total reserves, not just USD I guess.

[1714536085]

1714536085

[notthematrix]

Slow volume, I've expected more things to happen today.

It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.

1:59 AM
Wednesday, November 13, 2013 (CST)
Time in China

[seleme]

Slow volume, I've expected more things to happen today.

It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.

Confidence on what? the dollar or the btc

BTC dollar worth

[ChartBuddy]

[notthematrix]

Slow volume, I've expected more things to happen today.

It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.

Confidence on what? the dollar or the btc

BTC dollar worth

1:59 AM
Wednesday, November 13, 2013 (CST)
Time in China  is a good reaspon , and CCTV  elplained what btc is and why it willl keep rising...

[DougTanner]

Sick today, taking it easy. Bored.

[seleme]

Volume was slow for most of the day, not only when Chinese hit the bed

[thepiratetrader]

Everyone please, stop the madness !

I don't wanna see any more posts (probably americans) with people saying saying China wants to see the USD go down.

This is outright wrong, you need to stop reading this Wall observer and go read the newspapers first.

China is the absolute #1 investor in USD. Get your facts straight.

Well, since you apparently have your facts straight, please point me to a source that verifies you claim that "China is the absolute #1 investor in USD".

http://bonds.about.com/od/Issues-in-the-News/a/Who-Are-The-Largest-Foreign-Owners-Of-U-S-Debt.htm

"Largest Foreign Holders"

Largest holder is the FED with 14% of the teasury securities or almost twice as much as china. And please don't link to about.com when you can get the information directly from the source.

Fed Holdings: http://www.federalreserve.gov/Releases/h41/Current/
Treasury Obligations: http://www.treasurydirect.gov/govt/reports/pd/pd_debtposactrpt_0913.pdf
Foreign Holdings: http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

[crazy_rabbit]

Slow volume, I've expected more things to happen today.

It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.

Meh. I doubt it. It's more like people waiting for it to crash, and when that doesn't happen, they get worried that this is the last chance to buy at this price, and then they panic buy.

[prophetx]

"The bull case scenario is a $400 billion market cap. So the market cap is around $4 billion right now," Tyler Winklevoss said

http://www.cnbc.com/id/101190181

We are going to be filthy rich ( bulls only )

Delicious.

indeed, i saw that earlier today... lots of carrots for you

[jojo69]

[seleme]

Slow volume, I've expected more things to happen today.

It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.

Meh. I doubt it. It's more like people waiting for it to crash, and when that doesn't happen, they get worried that this is the last chance to buy at this price, and then they panic buy.

That's the other option too, I agree. But I'll consider both of them, 400 is resisting for 4-5 days now and that is interesting with all bullish sentiments around.

Some big buy would need to jump on 400 wall for smaller players to join the party.

To be honest, I'd be pretty bearish at this point if it wasn't to Lucif being bullish. I respect his analysis a lot.

[crazy_rabbit]

Slow volume, I've expected more things to happen today.

It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.

Meh. I doubt it. It's more like people waiting for it to crash, and when that doesn't happen, they get worried that this is the last chance to buy at this price, and then they panic buy.

That's the other option too, I agree. But I'll consider both of them, 400 is resisting for 4-5 days now and that is interesting with all bullish sentiments around.

Some big buy would need to jump on 400 wall for smaller players to join the party.

To be honest, I'd be pretty bearish at this point if it wasn't to Lucif being bullish. I respect his analysis a lot.

Yeah, but the past three days have been the weekend and a bank holiday. It's not really so surprising. The weekends always have low volume and a bank holiday hardly helps. Not to mention Gox'es little 'hickup' which I'm sure has people on pause.

We thrive on news, and for the past 3 days there hasn't been any. People have their heads to the grown working rather then just speculating. :-)

[notthematrix]

Slow volume, I've expected more things to happen today.

It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.

Meh. I doubt it. It's more like people waiting for it to crash, and when that doesn't happen, they get worried that this is the last chance to buy at this price, and then they panic buy.

That's the other option too, I agree. But I'll consider both of them, 400 is resisting for 4-5 days now and that is interesting with all bullish sentiments around.

Some big buy would need to jump on 400 wall for smaller players to join the party.

To be honest, I'd be pretty bearish at this point if it wasn't to Lucif being bullish. I respect his analysis a lot.

Panic buy will be it , btw yday/today seems to be chineese eq af valentines day.
singles day ...

[prophetx]

What come's next when Bank of America is promoting Bitcoin to it's bussines customers? A crash? 

Link

Interesting. Looks like a blog type post though, I doubt it had to go past the top brass before being published. Still however, someone must have seen it and though "yeah thats okay" so it's a good start.

~anything goes in San Fran-psyco! LOL 

oh shiz i didnt know we could post stories on there...

i think i'll go upload my essay on bitcoin and mobile banking haha...

[Voodah]

Slow volume, I've expected more things to happen today.

It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.

Meh. I doubt it. It's more like people waiting for it to crash, and when that doesn't happen, they get worried that this is the last chance to buy at this price, and then they panic buy.

That's the other option too, I agree. But I'll consider both of them, 400 is resisting for 4-5 days now and that is interesting with all bullish sentiments around.

Some big buy would need to jump on 400 wall for smaller players to join the party.

To be honest, I'd be pretty bearish at this point if it wasn't to Lucif being bullish. I respect his analysis a lot.

Who's Lucif ?

[CoinDox]

I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.

well CCTV will explain it to you....
http://www.youtube.com/watch?v=BKEZQ4RFghE
China wants to dump the dollar , is just that simple ,, they want a currency beyond political control ,
a consensus currency more nutral as the red cross.

bull$hit ..guess who holds most of the bonds? ...hmmm  

exactly! China does , so if the whole population has its savings etc in bitcoins they can savely dump them whitout
riots , of chineese population
and when done saveley switch to a BTC economy.

I mean no offence by this, but do you read what you write? How many businesses, how many regulations, shit how many high ranked officials who rely on fiat need to be "reconstructed" in order to adopt it as a national currency?! This is not la la land. If the wrong foot is stepped on before given a peice of the pie it's toodles to btc.

Note though how I did not say crypto currencies... If one falls another will absorb the value! The hard part is knowing which one.

[notthematrix]

I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.

well CCTV will explain it to you....
http://www.youtube.com/watch?v=BKEZQ4RFghE
China wants to dump the dollar , is just that simple ,, they want a currency beyond political control ,
a consensus currency more nutral as the red cross.

bull$hit ..guess who holds most of the bonds? ...hmmm  

exactly! China does , so if the whole population has its savings etc in bitcoins they can savely dump them whitout
riots , of chineese population
and when done saveley switch to a BTC economy.

I mean no offence by this, but do you read what you write? How many businesses, how many regulations, shit how many high ranked officials who rely on fiat need to be "reconstructed" in order to adopt it as a national currency?! This is not la la land. If the wrong foot is stepped on before given a peice of the pie it's toodles to btc.

Note though how I did not say crypto currencies... If one falls another will absorb the value! The hard part is knowing which one.

as long as they are the first in bitcoin they don't care about fiat , if they can replace it they wil simply do so
they only worry of officials is riots of chineese locals witch will not happen if they can invest in a currency not connected to banks , bitcoin is digital gold , and can and will replace fiat infaltables as dollar and euro.

[notthematrix]

I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.

well CCTV will explain it to you....
http://www.youtube.com/watch?v=BKEZQ4RFghE
China wants to dump the dollar , is just that simple ,, they want a currency beyond political control ,
a consensus currency more nutral as the red cross.

bull$hit ..guess who holds most of the bonds? ...hmmm  

exactly! China does , so if the whole population has its savings etc in bitcoins they can savely dump them whitout
riots , of chineese population
and when done saveley switch to a BTC economy.

I mean no offence by this, but do you read what you write? How many businesses, how many regulations, shit how many high ranked officials who rely on fiat need to be "reconstructed" in order to adopt it as a national currency?! This is not la la land. If the wrong foot is stepped on before given a peice of the pie it's toodles to btc.

Note though how I did not say crypto currencies... If one falls another will absorb the value! The hard part is knowing which one.

as long as they are the first in bitcoin they don't care about fiat , if they can replace it they wil simply do so
they only worry of officials is riots of chineese locals witch will not happen if they too can invest in a currency not connected to banks , bitcoin is digital gold , and can and will replace fiat infaltables as dollar and euro.

[tarmi]

Slow volume, I've expected more things to happen today.

It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.

Meh. I doubt it. It's more like people waiting for it to crash, and when that doesn't happen, they get worried that this is the last chance to buy at this price, and then they panic buy.

That's the other option too, I agree. But I'll consider both of them, 400 is resisting for 4-5 days now and that is interesting with all bullish sentiments around.

Some big buy would need to jump on 400 wall for smaller players to join the party.

To be honest, I'd be pretty bearish at this point if it wasn't to Lucif being bullish. I respect his analysis a lot.

Who's Lucif ?

masterluc.