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

[alexeft]

Its coming.......

What's coming???

[Ivanhoe]

800 being munched at Bitstamp.

[T.Stuart]

Jonesing for some Bitcoin excitement. Think I may go drive the wrong way down the interstate at 120mph.

I just got some Bitcoin excitement by going to see Toronto's first BTC ATM. It's also the first Canadian-made BTC ATM, made in Ottawa.

Unfortunately it wasn't running. Apparently it was working a couple of nights ago for the grand unveiling but I had something way better to do that night involving good company and good food. Dude said it should be fully operational within 2 weeks.

It was still a little rough, accepting only $5, $10 and $20 bills and was one-way, accepting fiat for bitcoins but not vice-versa. Dude assured me both matters would be rectified.

Like the Robocoin, it will either scan a QR code or print out a newly created paper wallet, but unlike the Robocoin there is no palm scan involved. I wonder how long that will last.

Oddly, dude said the exchange rate is based on Bitstamp, not Virtex. He also said that at the moment the ATM has to be manually loaded with coins until they establish a relationship with an exchange.

Current fees are 5% but dude said they would be reduced as more ATMs are added and as overall volume increases. He stressed that fees were intentionally less that Robocoin and implied active competition.

Still, 5% barely covers the cost of getting fiat over to Bitstamp. Maybe they're large-scale miners with a surplus to be converted to fiat to cover expenses/financing.

Whatever, it was an exciting break from watching the charts obsessively.  

Edit- Here's a picture

https://i.imgur.com/O9MnxYn.jpg

Nice one! Thanks for the mini-report!

[T.Stuart]

Its coming.......

What? More bad decisions?

Damn that sucks. you would be worth close to half a million had you been able to rough it out for 3 years... 3 years for a half million. all you have to do is believe in your idea and stop wasting money...and i was pissed for having sold 18 BTC for 5k... shit

[adamstgBit]

Its coming.......

What's coming???

hahaha

only one thing will save you from the boom thats about to go off!


BUY SOME F'ing BITCOIN!

[virtualfaqs]

Its coming.......

What's coming???

hahaha

only one thing will save you from the boom thats about to go off!


BUY SOME F'ing BITCOIN!

ALREADY DID, NOW I'm HODLING.

(But everything looks too perfect - support, charts, trends. I'm seriously worried because of that.  )

[alexeft]

Its coming.......

What's coming???

hahaha

only one thing will save you from the boom thats about to go off!


BUY SOME F'ing BITCOIN!

I have already saved myself adam! Thanks! 

[spooderman]

Its coming.......

What's coming???

hahaha

only one thing will save you from the boom thats about to go off!


BUY SOME F'ing BITCOIN!

ALREADY DID, NOW I'm HODLING.

(But everything looks too perfect - support, charts, trends. I'm seriously worried because of that.  )

Yes all except that 70% of the volume seems to be coming from an exchange that people are saying fakes its numbers. (Is this true or just FUD?)

That (potential) fud aside, if it's genuine, it's still Chinese, and we kinda need to be free of them soon.

Everything else bullish as fuck.

[ChartBuddy]

[JorgeStolfi]

The transactions I am talking about, are only buys. The period is maybe 6-7 minutes. When I first noticed them they were indeed increasing by 1, 13-14-15-16-17-18-19 BTC, but now they seem to be random between 10 and 20. Still ongoing.

Each transaction has a buyer and a seller. Can you tell whether the buyer and/or the seller is always the same?

My guess is that the ping-pong robot posts an offer to sell and immediately buys into it, or vice-versa. These transactions add to ~100 BTC per hour, and a large fraction of MtGox's volume.

[pdawg]

Sure looking like Gox wants to reclaim $900:

[Richard Branson]

Each transaction has a buyer and a seller. Can you tell whether the buyer and/or the seller is always the same?

My guess is that the ping-pong robot posts an offer to sell and immediately buys into it, or vice-versa. These transactions add to ~100 BTC per hour, and a large fraction of MtGox's volume.

A large fraction of all exchange volumes are fake trades -> the big deals are done without exchanges.
The exchange rate was and is heavily manipulated by a few individuals including the exchange operators.

Best example -> GOX crash failsafe: It's just rollbacks all trades for a specific time intervall. Happend every time someone tried to really push the price down.
There is a large amount of fake support to keep the price going up -> more profit for some power holders

Don't believe that bitcoin is played fair and honest. Some will wake up sooner or later from this dream of great wealth without doing anything.

[600watt]

Each transaction has a buyer and a seller. Can you tell whether the buyer and/or the seller is always the same?

My guess is that the ping-pong robot posts an offer to sell and immediately buys into it, or vice-versa. These transactions add to ~100 BTC per hour, and a large fraction of MtGox's volume.

A large fraction of all exchange volumes are fake trades -> the big deals are done without exchanges.
The exchange rate was and is heavily manipulated by a few individuals including the exchange operators.

Best example -> GOX crash failsafe: It's just rollbacks all trades for a specific time intervall. Happend every time someone tried to really push the price down.
There is a large amount of fake support to keep the price going up -> more profit for some power holders

Don't believe that bitcoin is played fair and honest. Some will wake up sooner or later from this dream of great wealth without doing anything.

you went through the hassle of signing up to this forum to share the conclusions of your research with us?

[macsga]

* macsga thinks it's time to refresh this into our memories...

I personally follow and post here the UPDATED 5 rules of success for you:

1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HODL!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

[hyphymikey]

Its coming.......

What's coming???

hahaha

only one thing will save you from the boom thats about to go off!


BUY SOME F'ing BITCOIN!

ALREADY DID, NOW I'm HODLING.

(But everything looks too perfect - support, charts, trends. I'm seriously worried because of that.  )

Don't forget that TA is being manipulated. Everything is made to look bullish to build up the bids.

I'm thinking "someone" is bringing the price up with huge support, only to later remove support and dump before the 31st of Jan China deadline. They would then get way more per coin than if they would have dumped with masses when the news was first released.

How high we will go, I do not know, but I would not buy coin now to save my life. We have never been to a price without coming back down to at least 50% of it. I do not see us reaching ATH before we see ~550 again.

[ablewasiereisawelba]

As someone who always hodls my coins, rallies now are only fun when they hit new ATHs. :/

[nanobrain]

I'm declaring this page....


Use caution: conspiracies abound.

[Ivanhoe]

The calm before the storm? The battle for 900 begins in a hour i think.

[virtualfaqs]

Its coming.......

What's coming???

hahaha

only one thing will save you from the boom thats about to go off!


BUY SOME F'ing BITCOIN!

ALREADY DID, NOW I'm HODLING.

(But everything looks too perfect - support, charts, trends. I'm seriously worried because of that.  )

Don't forget that TA is being manipulated. Everything is made to look bullish to build up the bids.

I'm thinking "someone" is bringing the price up with huge support, only to later remove support and dump before the 31st of Jan China deadline. They would then get way more per coin than if they would have dumped with masses when the news was first released.

How high we will go, I do not know, but I would not buy coin now to save my life. We have never been to a price without coming back down to at least 50% of it. I do not see us reaching ATH before we see ~550 again.

Someone just unloaded 200 on Mtgox. Let's see what happens.

Edit: 350 now...

[virtualfaqs]

Everyone watching and not posting?  

Feels like Dark Knight movie with joker in control of the 2 ferries leaving the fate among citizens.