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

[mellowyellow]

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

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[ajax3592]

$425 on CNY, that means trend is still downwards 

[gizmoh]

This might be the bottom, for a while at least.. as everyone expects 300-400, so bottom is usually higher..
Remember all the Fiat thats sitting on the exchanges, when its gonna bounce its gonna bounce hard 

[XxionxX]

Thank God someone finally linked bitcoin message signing. I am on my phone and I couldn't articulate it fast enough.

[San1ty]

Recent days have been really boring. What's with the panic, as if this is the first "crash" we've ever seen.

[User705]

One thing bitcoin needs badly right now is a leveraged trading market with real capital. Bitfinex and Icbit are useless to us because a single margin deposit is likely to exceed their available funds.

How would that solve the volatility issue?  If anything it will create more of it by putting in more capital bottlenecks.  The very same ones you are having issues with right now.

Its pretty obvious he wants to buy right now, but has no funds. With leverage he could use coins to buy coins and volatility during a crash is reduced by large bids and buys.

But the issue with bitcoin is counterparty risk.  What happens when those leveraged counterparties don't deliver the BTC and that will happen.  Currently at least on the exchanges you more certain the bitcoins you are buying exist.

[seriouscoin]

$425 on CNY, that means trend is still downwards 

Stop looking at CNY, noobs

Their market is rigged completely manipulated by the officials.

[Davyd05]

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

>540 is pretty bearish cause it encompasses everything below it.

[User705]

$425 on CNY, that means trend is still downwards 

Stop looking at CNY, noobs

Their market is rigged completely manipulated by the officials.

so is goxbux

[gizmoh]

$425 on CNY, that means trend is still downwards 

Stop looking at CNY, noobs

Their market is rigged completely manipulated by the officials.

Thing is, official can buy cheap and dump on stamp. Ah the beauty of the coin..

[traderCJ]

Things look similar to April.

On 12 Apr 12pm (UTC, same below), it made the first low at $54.25 (gox), or 1.70x of the last ATH of $32

Then on 16 Apr (Tuesday) 7am, it made a lower low at $50.01, or 1.56x of the last ATH, or 0.92x of the previous low. This is also the all time low so far.


On 7 Dec 7am, it made the first low at $542.38 (bitstamp), or 2.04x of the last ATH of $266

Then today, on 18 Dec (Wednesday) 8am, it made a lower low at $473.01, 1.78x of the last ATH, or 0.87x of the previous low

Do the underlined figures look very similar?

For those who stayed here long enough should remember what happened after the $50.01 low. If the history will repeat, US people will decide to buy when they wake up.

jl2012, "this time it's different"    No really, it is.  The system is adjusting to this news from China.  It won't just blow over in a few hours.  Buyers will wait to see what happens.  This is precisely what happened when bad news dribbled out of China over the past few weeks.  Bad news.  Big dump.  Calm.  Big dump.  Calm.  Bad news, etc.  Of course this is all just speculation, but this is how I see things.  Time will tell.

[seleme]

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

>540 is pretty bearish cause it encompasses everything below it.

but, but, mirsad told me it's gonna be double digits, I don't care about >540

[600watt]

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

because the poll is a few hours old.

[seriouscoin]

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

because the poll is a few hours old.

So is the party still planned for Spring? 

[Mirsad]

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

>540 is pretty bearish cause it encompasses everything below it.

but, but, mirsad told me it's gonna be double digits, I don't care about >540

You sold above 1000$. Good.
Now you can buy the same bitcoind and still have 50% fiat.

Love this dips.

[mellowyellow]

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

>540 is pretty bearish cause it encompasses everything below it.

You're right - sorry

[gizmoh]

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

because the poll is a few hours old.

Nope because Adam is an ubber bull in total denial..180 by Friday i say

[jl2012]

One thing bitcoin needs badly right now is a leveraged trading market with real capital. Bitfinex and Icbit are useless to us because a single margin deposit is likely to exceed their available funds.

How would that solve the volatility issue?  If anything it will create more of it by putting in more capital bottlenecks.  The very same ones you are having issues with right now.

Its pretty obvious he wants to buy right now, but has no funds. With leverage he could use coins to buy coins and volatility during a crash is reduced by large bids and buys.

But the issue with bitcoin is counterparty risk.  What happens when those leveraged counterparties don't deliver the BTC and that will happen.  Currently at least on the exchanges you more certain the bitcoins you are buying exist.

If the counterparty is some big player (not some dodgy platform at BVI), the risk is not higher than any traditional leverage trading. Isn't it?

[Loaded]

One thing bitcoin needs badly right now is a leveraged trading market with real capital. Bitfinex and Icbit are useless to us because a single margin deposit is likely to exceed their available funds.

I will move to China and follow Bobby around with a briefcase full of cash for you. My fee per day would be less then what you consider bitcoin dust.

I would like to slap a couple people with a briefcase full of cash while I'm there.

One thing bitcoin needs badly right now is a leveraged trading market with real capital. Bitfinex and Icbit are useless to us because a single margin deposit is likely to exceed their available funds.

How would that solve the volatility issue?  If anything it will create more of it by putting in more capital bottlenecks.  The very same ones you are having issues with right now.

Its pretty obvious he wants to buy right now, but has no funds. With leverage he could use coins to buy coins and volatility during a crash is reduced by large bids and buys.

But the issue with bitcoin is counterparty risk.  What happens when those leveraged counterparties don't deliver the BTC and that will happen.  Currently at least on the exchanges you more certain the bitcoins you are buying exist.

Those counterparties would have to have a billion in holdings as a minimum in order to support multiple clients.

[hmmmstrange]

Let the news begin.......

http://www.bloomberg.com/news/2013-12-18/btc-china-says-it-can-t-accept-new-deposits-for-bitcoin-trading.html