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

[OldGeek]

It broke up like you wanted, Adam.  Now what?

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[OldGeek]

Speaking of bots: https://github.com/maxme/bitcoin-arbitrage/tree/master/arbitrage 

Thanks for that link.  Yum, python.  I'll check it out later.

[mb300sd]

The 3 effects bitcoin causes in humans:

Euphoria: ┗(°0°)┛ TO THE MOON!!!

Disphoria: ┏(∘0∘)┓ CRASH TO ZERO!!!
and
Stagnation: 8===””,==D~~ FAP FAP FAP

[CryptStorm]

An oscillation is normal after a largish price move.  The pendulum always swings too far and traders recognize it.  They place orders to take advantage of the folks who overshot the target.  An equilibrium is reached and the general trend of the market usually resumes.

The bot traffic seems to be reinforcing the damping effect and the operators seem to be positioning their orders to take advantage of the unwary.

But what do I know?

I cannot say how much I agree

OK, cool, so, macsga, I noticed you're a physicist-- does it follow that the 'cat bounce meow meow' could occur after the dampened oscillation? I mostly mean from a thermodynamics perspective.

edit: It appears that this resumption of the bounce after dampening *did* occur on the Dec 7/8th gox chart. So, that does inform my question; still, quite curious. 

[adamstgBit]

It broke up like you wanted, Adam.  Now what?

http://www.youtube.com/watch?v=0lFwQESsgBg

[OldGeek]

Nice.  Hauling the freight.

[nanobrain]

If you want to operate in Gox with 1 day transfers, then that's what you need.

I appreciate Gox is in Japan...its just we weren't talking about Gox (were we OldGeek?)

I gave up trying to get money out of Gox long ago...I think you need to be very connected or very rich to do that....of which I am neither may I add

Yeah we were kinda-sorta talking about MtSux.  However, I'm trying to figure out, in my tiny brain, how exactly people think that arbi is being carried out.  Any exchange 'could' work if everything was right.  I just don't see it happening.

Oh, really...I thought you were talking about China... my bad...sorry muyuu

Ahh...I thought I could be useful for once <returns to knitting>

[ChartBuddy]

[mmitech]

good morning guys, so what did I miss ? what do you think are we going to the moon soon ? or that bubble chart will really apply and we are at the normal stage when a burst will follow?


I am all out of FIAT, even that I have a feeling that the price will crush, I was buying all the way, looking to that chart scares me but I still believe the price will skyrocket

[CryptStorm]

Can it bust out of the pattern? Pop?

[OldGeek]

Yep.  Already did.  Once it got past 600 on gox it is primed to move more upward.  **according to some accounts**

[CryptStorm]

good morning guys, so what did I miss ? what do you think are we going to the moon soon ? or that bubble chart will really apply and we are at the normal stage when a burst will follow?


I am all out of FIAT, even that I have a feeling that the price will crush, I was buying all the way, looking to that chart scares me but I still believe the price will skyrocket

Good morning! We are watching the dampening oscillation occur after the drop, and I'm wondering if after that we will get a bounce, like we did on Dec 7/8th (waiting for crazy physicist to weigh in).

Old Geek and nanobrain are discussing something about arb, China and accounts, and adam is posting awesome stuff as usual. Pretty quiet here.

edit: I think we'll have a bounce and resume slow fall (or fast, whatever) and will look to divulge myself at the bounce and buy in around 400 on gox. (If my crystal ball doesn't get stuck in my ass due to the origin of my predictions)

[keewee]

BTC650 buy on Gox 

[OldGeek]

Oh, really...I thought you were talking about China... my bad...sorry muyuu

Ahh...I thought I could be useful for once <returns to knitting>

Ya.  We were talking about all of the talk yesterday where some were speculating that someone on China was arbing out to gox.  I couldn't see it then and still don't.

Thanks for you input, you lil knitter you.  

[mmitech]

it is like china hates Bitcoin, it rises a bit than a dump follow, like someone is sitting and dumping to prevent the price from going up.


I am starting to hate watching BTCChina on bitcoinwisdom it makes me really angry

[CryptStorm]

Yep.  Already did.  Once it got past 600 on gox it is primed to move more upward.  **according to some accounts**

Hmmm, interesting

[jojo69]

[OldGeek]

it is like china hates Bitcoin, it rises a bit than a dump follow, like someone is sitting and dumping to prevent the price from going up.


I am starting to hate watching BTCChina on bitcoinwisdom it makes me really angry

No worries.  Loaded is in-country.  Getting them lined up, no doubt.

[Adrian-x]

My XBT Withdrawal made yesterday was held back and this evening I was blocked from RMB and XBT withdrawals. (My account reflects my balances but withdrawals are frozen for now.)

Crikey...that doesn't sound too good.
So, any reason from your end that may have happened?
I'm getting worried that the next time I log in I'm going to get a 404 and this lot will have disappeared with a stack of coins.

Not sure I have 3 accounts with the same e-mail domain and cell number, and a few failed RMB withdrawals otherwise low volume and no pump and dump behavior I am sure it will be sorted tomorrow (I have a mandarin employee looking into it so I will have an answer tomorrow.)

[OldGeek]

Yep.  Already did.  Once it got past 600 on gox it is primed to move more upward.  **according to some accounts**

Hmmm, interesting

Full disclosure:  I'm a hodler.