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

[mellowyellow]

Explains a bit

http://www.coindesk.com/chinese-government-backed-tv-program-bashes-bitcoin-outrages-community/

[Tyson95]

What is this all about?

[adamstgBit]

What is this all about?

it will become clear in a few hours 

[Tyson95]

Are we talkin' to the moon or hide yo' wife?

[mb300sd]

↘⬇↙
➡🌕⬅
↗⬆↖

[keewee]

Are we talkin' to the moon or hide yo' wife?

Red is your clue 

[pera]

CCI

[ChartBuddy]

Explanation

[RandyMagnum]

Hmm, ichimoku angry.

[The Bitcoin Foundation]

Bots triggering sell orders where I trade.

[adamstgBit]

pop the popcorn! quickly its about to start!

[damiano]

You think we will test support?

[JorgeStolfi]

velocity of money (number of times each unit turns over on average during the period in question)

Doesn't this equation assume that all payments are made by exchanging the actual currency (banknotes in the case of dollars, blockchain transaction for BTC)?

How does one define V when most dollar payments are made by moving numbers from one bank ledger to another?  Wouldn't the same issue arise with BTC?

(Sorry for the stupid question, but when BTC are traded at an exchange, is each transaction immediately realized on the blockchain, or are transactions tracked in internal accounts, to be combined and realized at a later time?)

V can be read from the blockchain.

Er, sorry again, what is V now for bitcoins? How is it expected to change as PQ increases?

[magicmexican]

this market is like a fat kid in a candy store, doesnt know where to go

[ShroomsKit]

I skimmed through the last few pages but couldn't find anything new. We're going down because people still panic about that huobi account thing?

[magicmexican]

I skimmed through the last few pages but couldn't find anything new. We're going down because people still panic about that huobi account thing?

Dont think so, the reaction to the "news" is usually much faster

[hyphymikey]

I skimmed through the last few pages but couldn't find anything new. We're going down because people still panic about that huobi account thing?

There is no buying pressure. So after our new "Weekend Buyer(s)" is done, we go back down.

[JorgeStolfi]

I skimmed through the last few pages but couldn't find anything new. We're going down because people still panic about that huobi account thing?

Perhaps the negative piece on China's TV?

[gentlemand]

And a negative news report on a Chinese state business news channel telling the world about all the people who've lost money through the recent correction. I assume the state news didn't remind people that they were the cause of it.

[traderCJ]

And a negative news report on a Chinese state business news channel telling the world about all the people who've lost money through the recent correction. I assume the state news didn't remind people that they were the cause of it.

Lol.  What's sad is the only thing really standing in Bitcoin's way is the government.