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

[NewLiberty]

Chinese New Year is coming (starts from Jan 20th)....

According to Wikipedia, in mainland China the 2014 Chinese New Year holidays are 31 January – 6 February
http://en.wikipedia.org/wiki/Chinese_new_year

Noobs, Chinese starts the holiday from 20th.... Yes they usually have 2-3 weeks off.

Are you thinking that they won't get around to selling all the coins they are mining until after holiday?

[1714528973]

1714528973

[Parazyd]

Why would China sell???

[JorgeStolfi]

Explain to me how your "fast" arbitrage between 2 different exchanges works, in terms of moving Bitcoins and fiat in 2 minutes,

You don't need to actually do the transaction on the blockchain, or wait for confirmation, if the accounts in the two exchanges belong to trusting partners (or to the same person) and the receiving account has enough balance to keep on trading as if the transfer has taken place. 

Just as when you draw $100 cash from an ATM of your bank in Mongolia, you do not have to wait until your cash is physically shipped there from your home country, or even wired to Mongolia through the central banks.  Your bank just moves numbers in its ledgers.

Such transfers can be kept virtual and private as long as the Mongolia branch has (or can borrow) enough cash locally to keep its ATMs stocked, and is confident that the balance of all virtual transfers can be realized eventually.

More importantly, please tell me how do you move cash between stamp and gox in matter of hours?

Your USD withdrawals from MtGOX may take weeks or years, but the exchange owners probably can transfer money from their bank (or take out a suitcase full of cash) in a couple of hours, if they decided to do so.

One must be aware that cryptocoin exchanges are still unregulated, unaudited, and have no ethical standards to uphold.

[T.Stuart]

One thing's for sure looking at all this: Bitcoiners sure know how to HODL these days! Man that's an impressive sight!

[oda.krell]

much scrap, very steel (frame maybe lol)

So is dogecoin for people who use English as a second or third language?  Or perhaps they're related to Yoda?

Doge Sit!  Doge Stay!  Doge Speak! Much trained well very?

Would you kindly?

A powerful phrase.

Familiar phrase?

[prof7bit]

This is my bet for the weekend dip:

[oda.krell]

Funny. A few days ago, 820 (bitstamp) appeared to be major support. Right now it looks like it could be turning into resistance.

[Salivan]

my buy orders less than 1% below current price
die bitch die

[T.Stuart]

my buy orders less than 1% below current price
die bitch die

If all else fails screaming obscenities at the screen will do the trick! 

[seleme]

my buy orders less than 1% below current price
die bitch die

not worth to lose your nerve, if it's less than 1% that makes you happy, just buy now.

[adamstgBit]

This is my bet for the weekend dip:

i'm thinking 720

[ChartBuddy]

Explanation

[Feri22]

This is my bet for the weekend dip:

I don't even remember last weekend dip...so i don't think you are right...or maybe you are, nobody knows, it is just game of the manipulators right now...

[Salivan]

my buy orders less than 1% below current price
die bitch die

not worth to lose your nerve, if it's less than 1% that makes you happy, just buy now.

if you buy against ask wall price will be much higher
I need to be patient, practice make the master

[seleme]

my buy orders less than 1% below current price
die bitch die

not worth to lose your nerve, if it's less than 1% that makes you happy, just buy now.

if you buy against ask wall price will be much higher
I need to be patient, practice make the master

Well, depends how many you are buying. If it is bigger account than waiting might be good.

[granathus]

my buy orders less than 1% below current price
die bitch die

not worth to lose your nerve, if it's less than 1% that makes you happy, just buy now.

if you buy against ask wall price will be much higher
I need to be patient, practice make the master

Just a few more dead bitches and you will be such master. Wow.

[TakeTheSkyRoad]

This is my bet for the weekend dip:

i'm thinking 720

Personally I have buy orders in at..
761 USD
566 EUR
473 EUR

This is btc-e and the lower orders are in anticipation of a low dip before/around the end of the month.
If this doesn't happen then I'll move them up after the 7th of Feb.

I'm hodling BTC as well of course

[crazy_rabbit]

The price might go down now, but it's not worth it. It will still take a while for the feds to sell, in the meantime the price will go back up, and then yo-yo. But really the people who will buy these coins aren't going to be dumping them on the market. They are buying to keep the supply controlled and the price high. :-)

[granathus]

The price might go down now, but it's not worth it. It will still take a while for the feds to sell, in the meantime the price will go back up, and then yo-yo. But really the people who will buy these coins aren't going to be dumping them on the market. They are buying to keep the supply controlled and the price high. :-)

It doesn't matter when they do it. Right now is when we have the knowledge that they will do it. Although there is some question about how much. It will definitely be 29,655BTC, but it could possibly be as much as 144,336BTC.

It's getting priced in right now.

It's being auctioned, this is not the reason for current movement.

[oda.krell]

The price might go down now, but it's not worth it. It will still take a while for the feds to sell, in the meantime the price will go back up, and then yo-yo. But really the people who will buy these coins aren't going to be dumping them on the market. They are buying to keep the supply controlled and the price high. :-)

As always, here's the mantra like repetition of "It's not the FBI sale that's *causing* the price move". It's the "trigger" perhaps, but under different circumstances, the same news could have lead a small rally even ("wheee, cheap coins, the BTC ecosystem can only benefit from that sale!"). Right now however, the signs for a move downwards have been visible, if not particularly clear (and i'm not convinced this will turn into a full crash anyway). The FBI is just the nudge we needed.