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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21451963 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (135 posts by 29 users deleted.)
MickeyT2008
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May 16, 2013, 08:07:26 PM
 #8781

Anyway, back on topic....  I wonder if this is now a return to the stability that we've had over the last few days, or is it the calm before the storm, as seems to be the norm with BTC?
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adamstgBit
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May 16, 2013, 08:23:33 PM
 #8782

Anyway, back on topic....  I wonder if this is now a return to the stability that we've had over the last few days, or is it the calm before the storm, as seems to be the norm with BTC?

feels like:

blast off postponed until further notice, reason: bad weather...
zemario
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May 16, 2013, 08:25:55 PM
 #8783

Anyway, back on topic....  I wonder if this is now a return to the stability that we've had over the last few days, or is it the calm before the storm, as seems to be the norm with BTC?

When did that happen? What do you mean by storm? A dive or a take off?

Selling pressure is still strong near the vertex, t's quite visible by the steepness of the red hill on chartbudy's plots. That there are little coins for sale at higher prices is quite odd. Looks like the market itself won't go anywhere... traders have little to win/lose. Only more demand for coins will drive the price up, or of course, people start to not care about bitcoin and it will loose it's value.

When the price was 40, a lot of people said the price by the end of 2013 would be either 400 or 0. Half a year left... any guesses? Right now it is not showing great potential to bit climbs.
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May 16, 2013, 08:28:30 PM
 #8784

Anyway, back on topic....  I wonder if this is now a return to the stability that we've had over the last few days, or is it the calm before the storm, as seems to be the norm with BTC?

feels like:

blast off postponed until further notice, reason: bad weather...

Rain? That works!

Ready... Set... RALLY!



MickeyT2008
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May 16, 2013, 08:32:07 PM
 #8785

The bids and the asks are very close together, I suppose that a lot of cash/BTC needs to change hands for the price to move significantly in either direction.
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May 16, 2013, 08:36:24 PM
 #8786

Anyway, back on topic....  I wonder if this is now a return to the stability that we've had over the last few days, or is it the calm before the storm, as seems to be the norm with BTC?

feels like:

blast off postponed until further notice, reason: bad weather...

Rain? That works!

Ready... Set... RALLY!






poor girl behind her... Smiley



RE stability - I get this feeling people don't know what to think. No one really wants to play until they sort that out I guess?

All this great media coverage, and in particular the announcements in the last 24 hours! (webmoney, funding founders)... then there's the potential of some further developments post conference.

BUT the elephant in the room is the dwolla issue, any updates on that yet?
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May 16, 2013, 08:39:16 PM
 #8787

rpietila - Hey brother, you keep on keeping on. Take care of yourself, get some rest and don't forget this is about change. Don't let the $$$ part stress you out. Our sites are bigger that that.

Heal up brotherman and enjoy this dream we call life,
It's about Sharing
michaelGedi
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May 16, 2013, 08:41:09 PM
 #8788

rpietila - Hey brother, you keep on keeping on. Take care of yourself, get some rest and don't forget this is about change. Don't let the $$$ part stress you out. Our sites are bigger that that.

Heal up brotherman and enjoy this dream we call life,
It's about Sharing


also, I've been wondering if reptilia is actually right.

Maybe will (now) never see sub $100 again... not sure about the 300k part thought Smiley
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May 16, 2013, 08:41:53 PM
 #8789

https://community.bitfinex.com/content.php/27-Gox-recent-news

Note the comment:

[BFX]Raphael - Today, 08:30 PM  Reply
The surprises of next week will surely make it up for it.

Dear traders and lenders, stay tuned
Raphael
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May 16, 2013, 08:42:33 PM
 #8790


poor girl behind her... Smiley



RE stability - I get this feeling people don't know what to think. No one really wants to play until they sort that out I guess?

All this great media coverage, and in particular the announcements in the last 24 hours! (webmoney, funding founders)... then there's the potential of some further developments post conference.

BUT the elephant in the room is the dwolla issue, any updates on that yet?

Bids are starting to pile up. Slowly... Hopefully this good news filters around the web and we see some upward action.
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iota the future


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May 16, 2013, 08:58:15 PM
 #8791

https://community.bitfinex.com/content.php/27-Gox-recent-news

Note the comment:

[BFX]Raphael - Today, 08:30 PM  Reply
The surprises of next week will surely make it up for it.

Dear traders and lenders, stay tuned
Raphael

probably bitfinex will have a rooting to another exchange like bitstamp..  it's only a guess though..
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May 16, 2013, 08:59:59 PM
 #8792

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.
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May 16, 2013, 09:02:53 PM
 #8793

I just put my no touchy USD in, couldnt stand it after the news of Peter Thiel and Webmoney.
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May 16, 2013, 09:03:29 PM
 #8794

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.
Captain Cook has spoken!
Its About Sharing
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May 16, 2013, 09:07:52 PM
 #8795

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

I just looked at the market depth over at GOX. My guess is that something is up. The sell side is really starting to dip (146k), lowest I've recorded since end of April.
Bids at $70 are the 2nd highest I've seen and the asks at $300 are the lowest since the start of the month. The sell side volume at higher prices is creeping up.

Hmmmm  Huh  Wink
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May 16, 2013, 09:09:36 PM
 #8796

So now I will take a rest and mind my own business in calm quietness for days, weeks or months.


I don't care if your "rpietila" persona is real or not. Our identities are mostly just stories we tell ourselves anyway, and yours is comedy gold. We may all be worms, but you sir, are a glow worm (borrowed from Churchill, I think).

Get some rest and come back soon.
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May 16, 2013, 09:10:26 PM
 #8797

Hitting $116 again.

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May 16, 2013, 09:11:47 PM
 #8798

https://community.bitfinex.com/content.php/27-Gox-recent-news

Note the comment:

[BFX]Raphael - Today, 08:30 PM  Reply
The surprises of next week will surely make it up for it.

Dear traders and lenders, stay tuned
Raphael



This whole announcement seems significant, isn't it? Does anyone have some numbers on Bitfinex?

But yeah, the Dwolla incident brings up one question. What to do with Mt.Gox? I mean, the loss of Dwolla is not the only problem. The MtGox withdrawal delays [Gathering] thread doesn't look good either. But that's not a new problem. Someone said their daily SEPA withdrawl limit at their bank is 60k EUR..

While the market seems bullish or at least undecided and it should break the resistance/former triangle and go +125, I'm not sure about the future. I wouldn't be that surprised if it gets bumpy while the real consequences unfold. Bitstamps ask side is scarry as hell, but over the day bid side gained some significant power too. Daily volume of other exchanges in relation to Gox gets higher and higher. Order book depth on the ask side on Gox hit it's 15 day all time low. It really seems like people are transfering there BTC to other exchanges.

Positive news: Bitcoin conference. I'm sure there will be some sweet announcements.
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May 16, 2013, 09:18:45 PM
 #8799

probably bitfinex will have a rooting to another exchange like bitstamp..  it's only a guess though..

Bitfinex is already routing through Bitstamp, but maybe there's another exchange coming online.
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May 16, 2013, 09:20:37 PM
 #8800

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.
Captain Cook has spoken!

Yes I have spoken Cheesy
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