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

[gandhibt]

ofc one big reason in background is that this is probably bounce from the last big down move 1163 - 382, it's not likely that we could recover this fast, despite we're talking about bitcoin

[1714823608]

1714823608

[gandhibt]

here's bid/ask ratio from stamp, gox and china (avg)

[mmitech]

ofc one big reason in background is that this is probably bounce from the last big down move 1163 - 382, it's not likely that we could recover this fast, despite we're talking about bitcoin

the last day of the weekend, lets see what will happen till tomorrow, although I wont sell a single Bitcoin, I am sending more cash to Bitstamp so if this really happen I will be more than happy


by posting things like this it doesn't mean that people will sell their coins, a bear market to me means "buy" a bull market to means "sell", and BTW most people have learned to hold especially after the events of this year, so I think you will see more new cash coming in instead of people freaking out and selling, the week hands already sold....  

[gandhibt]

i think the (selling) volume will go up after 700 is down, 380 coins left

edit, okay now 429

[granathus]

i think the (selling) volume will go up after 700 is down, 380 coins left

edit, okay now 429

Been around 400 for the last 12 hours or so, nothing to see there atm..

[Davyd05]

think we attack 800 mid week maybe 900 the week after. heavily dependent on news and how much fiat decides to flow.

[mmitech]

i think the (selling) volume will go up after 700 is down, 380 coins left

edit, okay now 429

you know that stamp doesn't move the market right ?

Edit: at least I cant remember when it did !!

[TERA]

good morning, I was reading the last few pages, I've got the impression that something was happening last night, I went to check the price chart and cant see any major drop !!!

so are bears still talking about a dream or there is an actual fact will be leading the drop ?  the price seems to me somehow stable....

for the long term holders, I honestly don't think that the price will go 100x like it went this year, but 2-5x seems reasonable and achievable to me...  

 

I think it's that creepy low volume weak/flat trend after the dust settles from a boom/bust, which leads into a final capitulation.

Also, China.

[mmitech]

Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.

I am still waiting for that crash.... how do you define now by a time frame, my English dictionary show this result :

1.
at the present time or moment: You are now using a dictionary.
2.
without further delay; immediately; at once: Either do it now or not at all.
3.
at this time or juncture in some period under consideration or in some course of proceedings described: The case was now ready for the jury.
4.
at the time or moment immediately past: I saw him just now on the street.
5.
in these present times; nowadays: Now you rarely see horse-drawn carriages.

even though that in physics "now" doesn't exist, so I guess you were referring to future ? any time stamp ? I will make sure I will buy some of your coins....

[gandhibt]

i think the (selling) volume will go up after 700 is down, 380 coins left

edit, okay now 429

you know that stamp doesn't move the market right ?

Edit: at least I cant remember when it did !!

i don't know about that, but it's a good indicator still of when the panic starts to kick in, stamp usually dives deeper

[gandhibt]

somebody just sold 110 coins, there's now 365 left above $700 mark

[TERA]

Stamp is the real market leader, even though it doesn't lead the movements immediatelty in real time, it is the fiat entry/exit portal which eventually controls where the price balances itself at.

-Gox: Does not have liquidity, is pretty much a closed system, and is mostly bots.

-China: Is becoming irrelevant and is probably entirely fake right now.

-Btce: Is mostly bots, traders, and trolls and has liquidity issues also.

-STAMP: Is where all the fiat enters and exits.

[GreekGeek]

Stamp is the real market leader, even though it doesn't lead the movements immediatelty in real time, it is the fiat entry/exit portal which eventually controls where the price balances itself at.

-Gox: Does not have liquidity, and is mostly bots.

-China: Is becoming irrelevant and is probably entirely fake right now.

-Btce: Is mostly bots, traders, and trolls and has liquidity issues also.

-STAMP: Is where all the fiat enters and exits.

+1

[F-bernanke]

Stamp is the real market leader, even though it doesn't lead the movements immediatelty in real time, it is the fiat entry/exit portal which eventually controls where the price balances itself at.

-Gox: Does not have liquidity, and is mostly bots.

-China: Is becoming irrelevant and is probably entirely fake right now.

-Btce: Is mostly bots, traders, and trolls and has liquidity issues also.

-STAMP: Is where all the fiat enters and exits.

Speaking of china, huobi is having a mini rally

[Carra23]

Stamp is the real market leader, even though it doesn't lead the movements immediatelty in real time, it is the fiat entry/exit portal which eventually controls where the price balances itself at.

-Gox: Does not have liquidity, and is mostly bots.

-China: Is becoming irrelevant and is probably entirely fake right now.

-Btce: Is mostly bots, traders, and trolls and has liquidity issues also.

-STAMP: Is where all the fiat enters and exits.

Speaking of china, huobi is having a mini rally

What is huobi?

[Jomppe]

ofc one big reason in background is that this is probably bounce from the last big down move 1163 - 382, it's not likely that we could recover this fast, despite we're talking about bitcoin

the last day of the weekend, lets see what will happen till tomorrow, although I wont sell a single Bitcoin, I am sending more cash to Bitstamp so if this really happen I will be more than happy


by posting things like this it doesn't mean that people will sell their coins, a bear market to me means "buy" a bull market to means "sell", and BTW most people have learned to hold especially after the events of this year, so I think you will see more new cash coming in instead of people freaking out and selling, the week hands already sold....  

If you send cash today to BitStamp, usually it arrives too late there.
The price will probably crash - there is no serious buying currently. When the coins are sold to buyers on buy-wall, it means the price is dropping despite there is always a buyer for every sale. When there is power in the engine, the buying will eat the selling wall.
Now I see it is dropping slowly and the first seller right now gets the best price out of his/her coins, the second seller the next best price etc.
By being a first mover you max the dollar amount you are going to get out of your coins in case of crash.
I think the crash scenario is serious now and should be considered very carefully by each prudent investor.

[gandhibt]

Stamp is the real market leader, even though it doesn't lead the movements immediatelty in real time, it is the fiat entry/exit portal which eventually controls where the price balances itself at.

-Gox: Does not have liquidity, and is mostly bots.

-China: Is becoming irrelevant and is probably entirely fake right now.

-Btce: Is mostly bots, traders, and trolls and has liquidity issues also.

-STAMP: Is where all the fiat enters and exits.

Speaking of china, huobi is having a mini rally

35 cny's is a rally?

[T.Stuart]

I think it's that creepy low volume weak/flat trend after the dust settles from a boom/bust, which leads into a final capitulation.

Also, China.

China what?

It's getting a bit daft when people say the word "China" without even trying to explain what they are talking about. You could say for example "The news is that China will ban Bitcoin by the end of January" or "We have been reliably informed that Chinese whales are going to dump Bitcoins on America" (both questionable propositions), but just saying "China!" is like saying "The bogeyman's coming!"

[TERA]

I think it's that creepy low volume weak/flat trend after the dust settles from a boom/bust, which leads into a final capitulation.

Also, China.

China what?

It's getting a bit daft when people say the word "China" without even trying to explain what they are talking about. You could say for example "The news is that China will ban Bitcoin by the end of January" or "We have been reliably informed that Chinese whales are going to dump Bitcoins on America" (both questionable propositions), but just saying "China!" is like saying "The bogeyman's coming!"

China (huobi) leading the price movements is not a good indicator. Either it could be fake, or it could be real and then the chinese government can shut it down. Neither would be good news. I would have much preferred to see a recovery without China.

[T.Stuart]

If you send cash today to BitStamp, usually it arrives too late there.
The price will probably crash - there is no serious buying currently. When the coins are sold to buyers on buy-wall, it means the price is dropping despite there is always a buyer for every sale. When there is power in the engine, the buying will eat the selling wall.
Now I see it is dropping slowly and the first seller right now gets the best price out of his/her coins, the second seller the next best price etc.
By being a first mover you max the dollar amount you are going to get out of your coins in case of crash.
I think the crash scenario is serious now and should be considered very carefully by each prudent investor.

Last night's enlightening banter between me and Jomppe:

Me: "So if people don't panic sell their coins into your lap you'll be pissed off, right?"

Jomppe: "Of course, but then I have a handful of cash though which is also nice thing to have these days.  Cool"

Good to see he's happy either way!