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

[hmmmstrange]

Yeah.  Adam has trouble with speeling.

Looks like the market is going to go east for a while.  May pick up when EU wakes.

I suspect his french is much better.

[ChartBuddy]

[OldGeek]

So, people saying we're gonna get that one last chance to buy low. I hope so, I also have my bids, but everyday it looks less and less likely. I suppose one of us could trigger it by thinking "screw it, I'm gonna go all in." It's not gonna be me though...

Well, Risto said that, and everybody mostly found his model to be pretty compelling, me included, since it accounts for so much of the history, but that doesn't make it right forever (such things are always right until they are wrong) -- and it was broad enough to encompass a scenario in which there was no deeper cut than the December low.  Certainly we could be back on the exponential trendline right now, to within the generally lax parameters of the model as described.  I've certainly been surprised by how quickly a model prediction has played out in the past, as regards hyperactive bitcoin.

If you can't commit, then optimize your scenario using a bimodal model.  Make a probability estimate for each case, and estimate centroids, to optimize trading outcome.  I think more than two modes would be excessive:  The indefinite sideways alternative is ludicrous in the bitcoin world, unless your ADHD has reached the terminal phase, in which case event horizon time dilation means we are instantaneously sideways forever and always.

^^ this.smart(trade.plan)

[spooderman]

Yeah.  Adam has trouble with speeling.

Looks like the market is going to go east for a while.  May pick up when EU wakes.

lel. speeling.

[Davyd05]

Ya.  The weekend should be fun.

Good luck with your tooth.

Ty If it goes as smoothly as last week I'll be happy. I'll be more happy if Stamp gets over the 800 mark though.

[mooncake]

After the Chinese authority issued the warning on BTC, trading volume in BTC China has reduced drastically.

It seems that now the market becomes active only when US wakes up?

[thomas0317]

someone is continuously market buying ~20BTC every 7~9min

[OldGeek]

After the Chinese authority issued the warning on BTC, trading volume in BTC China has reduced drastically.

It seems that now the market becomes active only when US wakes up?

Not always.  Some of the EU traders that hang out here are pretty smart traders.  They will have positions to adjust, shorts to cover, new positions to take.  It all depends on what they want to do with what the market market allows.

[Davyd05]

After the Chinese authority issued the warning on BTC, trading volume in BTC China has reduced drastically.

It seems that now the market becomes active only when US wakes up?

http://bitcoinity.org/markets/list

huobi has 51% marketshare

[windjc]

After the Chinese authority issued the warning on BTC, trading volume in BTC China has reduced drastically.

It seems that now the market becomes active only when US wakes up?

I have said over and over and over and over that this rally, which started in the 120's, started with Stamp. It then went to the 200s and paused and then started again with Stamp.

At around $250 China went beserk and dragged us into a much quicker run up than we should have gone.  BUT we would have gone there eventually anyway.

Now, Gox and Stamp are taking turns leading again and China is lagging. This is the way it should have always been.

The rally never stopped. It just readjusted back to the original trend line.

Too bad everyone became hypnotized by China. But those exchanges could all die tomorrow and we would be back in this trend line in a few weeks.

[pdawg]

Updated resistance zone and short term targets, breaking above $870 would be pretty bullish:

[Davyd05]

someone is buying.. the steady 20 btc buys and the odd 160 every now and then will have us over 870 pretty soon.

[mooncake]

After the Chinese authority issued the warning on BTC, trading volume in BTC China has reduced drastically.

It seems that now the market becomes active only when US wakes up?

http://bitcoinity.org/markets/list

huobi has 51% marketshare

It does seem to be very active. Seems like volume from BTC China has moved to there.

I'm actually thinking about my sleeping schedule. Obviously, I only want to sleep when the market is least active.  

[kehtolo]

someone is buying.. the steady 20 btc buys and the odd 160 every now and then will have us over 870 pretty soon.

HODL!!!  sorry.. couldn't resist! 

[thomas0317]

someone is buying.. the steady 20 btc buys and the odd 160 every now and then will have us over 870 pretty soon.

HODL!!!  sorry.. couldn't resist! 

And...870 is hit 

[ChartBuddy]

[Mythul]

Hodling hodling hodlling...

This thread is epic !

[ChartBuddy]

[Erdogan]

There is buying 10-20 coins each 5 minutes or so, and it has been going on for half a day. Seems quite regular, could be someone trying to buy in while moving the price as little as possible. Mtgox-

+1, i'm seeing the same pattern.

I hadn't noticed that but you are right.  Probably a good strategy for getting more coins without moving the price.  Unless everyone stops selling.

Whoever it is, is buying at a rate of pretty exactly 100 BTC/Hour. So pretty big buy-in summed up.

And it goes on. Good of course, but if it is only one person action, others may be led into panic buying.

[tutkarz]

I don't understand why price would fall because when we compare this bubble to April one there was no news back then. Now we have plenty. Not to mention how many businesses are accepting bitcoins (which are taken from the speculative market). I even found a portal when you can buy food in Poland that allows orders from around 2500 restaurants in Poland (I don't know if it was already mentioned http://pizzaportal.pl/)