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

[hdbuck]

so the way i see it is we had pretty much some support testing at around 530$ (on stamp) with lower resistances upward.





this trend is very likely to break downwards.

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[ChartBuddy]

Explanation

[seleme]

Please Bitcoin, explode to $5000, I want to move to Turkey and buy something like this:

http://www.tuerkei-immo.org/Immobilie-in-Alanya-Details32241.htm#

Guys, I got sick watching these beatiful and extremely cheap houses in Alanya 

[JorgeStolfi]

Seriously though: by allowing deposits while suspending withdrawals, MtGOX became a scam site in my book.

Definitely shady however there appears to be actual evidence Gox is attempting to fix their problems; gmax's blockchain analysis appears to show this. While we can speculate scam, and should pay heed, actual evidence seems to show otherwise. Scam claims seems to be circumstantial still.

I think that it is very dishonest (to use an euphemism) to allow deposits when there is no date for the resumption of withdrawals of either BTC or USD.

New investors, who have not read these forums, are likely to be attracted by the very low price, deposit money there, and then discover that they cannot get their BTC out nor their money back, until god knows when.

When an internet store does that sort of thing, don't we call it a scam site?

[billyjoeallen]

I'm not certain why people seem so easily scammed but I don't believe it's just this community. My opinion is that it may have a tiny bit to do with Libertarianism because their philosophy is that regulation shouldn't come from The State but from the community instead. Correct me where I'm wrong, Libertarians, I believe the hardcore among them prefer the community to "regulate" rogue companies/people. Caveat Emptor reigns. If someone rips you off then you don't do business there again and make sure your neighbors know. So they're willing to show more trust up front often if they haven't heard a reason not to, and that is a scammer's paradise. Shout out to the Bitcoin scammer's go-to ploy: the Pre-Order. Also the community is popular with younger folks who can be more naive concerning the nature of their fellow man.

The nature of Bitcoin as currency sorta flips commerce on its head. Normally we get service first then pay, or we have an intermediary like a credit card company agree to pay if a service provider needs payment first. With Bitcoin service providers want payment first and there is no safety net. It's not common to use escrow with Bitcoin. This leaves a wide window for scams.

I'm not sure where you get the idea that Libertarians show a lot of trust. I don't. I could have made a mint off of bitcoinbuilder but I didn't know the guy and didn't trust the site. I trust people to act in their own perceived best interest only. It's why I'm shocked that Mark could just let his exchange bleed market share for months.

Reputation is everything when you don't believe in initiating force. Opportunity costs are the only costs we can impose, and they are more than sufficient in the vast majority of cases. But we also believe that every problem in the free market is an opportunity for an enterprising entrepreneur. If the only exchange in your country is run by someone who lost/stole coins, start another one.

Scammers can only take your money if you let them. Governments take your money by threat of force. Taxes are theft even if the money is ostensibly spent for our benefit because it's involuntary. I prefer dealing with scammers.

[Arcas]

Please Bitcoin, explode to $5000, I want to move to Turkey and buy something like this:

http://www.tuerkei-immo.org/Immobilie-in-Alanya-Details32241.htm#

Guys, I got sick watching these beatiful and extremely cheap houses in Alanya 

But then you have to live in Turkey.

[surfer43]

I have my buy orders set at 117 and I'm not looking at Magic: The Gathering Online Exchange until my orders fill.

[adamstgBit]

I have my buy orders set at 117 and I'm not looking at Magic: The Gathering Online Exchange until my orders fill.

good luck with that

[JorgeStolfi]

Scammers can only take your money if you let them. Governments take your money by threat of force. Taxes are theft even if the money is ostensibly spent for our benefit because it's involuntary. I prefer dealing with scammers.

Thanks for the reply.  Well, I am surprised. 

I would never deal with someone if I know that he has scammed someone else,  I would not think that I am smart enough to outsmart him.  I guess it is a matter of temperament, like aversion to risk.

[surfer43]

I have my buy orders set at 117 and I'm not looking at Magic: The Gathering Online Exchange until my orders fill.

good luck with that

I have my buy orders set at 117 and I'm not looking at Magic: The Gathering Online Exchange until my orders fill.

good luck with that

stop spreading FUD, but thanks for the luck

[adamstgBit]

Jorge

go buy a bitcoin.

[billyjoeallen]

so the way i see it is we had pretty much some support testing at around 530$ (on stamp) with lower resistances upward.





this trend is very likely to break downwards.

Looks like we're closer to breaking higher, Hoss.

[surfer43]

I have my buy orders set at 117 and I'm not looking at Magic: The Gathering Online Exchange until my orders fill.

My resolution lasted 5 minutes...

[dreamspark]

We got any predictions then or is everyone holding back until the goxing is over (if ever)

[billyjoeallen]

Scammers can only take your money if you let them. Governments take your money by threat of force. Taxes are theft even if the money is ostensibly spent for our benefit because it's involuntary. I prefer dealing with scammers.

Thanks for the reply.  Well, I am surprised. 

I would never deal with someone if I know that he has scammed someone else,  I would not think that I am smart enough to outsmart him.  I guess it is a matter of temperament, like aversion to risk.

It's simple to deal with scammers. You just make sure they have more to lose than you do if they don't pull through and you make sure they know that. If you are not in a position to use that kind of leverage, don't do business with them. You have to manage your own reputation more so than theirs because the threat of imposing opportunity costs must be credible. You miss too many opportunities with excessive risk aversion.

[ChartBuddy]

Explanation

[windjc]

I have my buy orders set at 117 and I'm not looking at Magic: The Gathering Online Exchange until my orders fill.

My resolution lasted 5 minutes...

Lol. Better than 30 seconds.

[windjc]

so the way i see it is we had pretty much some support testing at around 530$ (on stamp) with lower resistances upward.





this trend is very likely to break downwards.

I agree. We are not out of the woods yet. Gox could resolve us in the next day or so, but more likely this continues to drag out for a week or two more and there is no way we are going to break upper resistance under those circumstances, imo.

[NewLiberty]

Jorge

go buy a bitcoin.

"It might make sense just to get some in case it catches on" - Satoshi Nakamoto 01/17/2009

[JorgeStolfi]

Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):


             !    Fri !    Sat !    Sun !    Mon !    Tue !   Wed !    Thu !    Fri !    Sat !
  EXCHANGE   !  02/14 !  02/15 !  02/16 !  02/17 !  02/18 ! 02/19 !  02/20 !  02/21 !  02/22 ! Currencies considered

  BTC-e      |  52.18 |   9.16 |  21.75 |  15.07 |   8.08 |  5.84 |  23.37 |  23.64 |  18.68 | USD,EUR,RUR
  Bitstamp   |  63.38 |  20.76 |  26.40 |  19.90 |  14.83 | 20.76 |  34.97 |  29.61 |  18.08 | USD
  BitFinEx   |  53.68 |  10.83 |  16.75 |  15.69 |   8.47 |  4.71 |  25.27 |  28.46 |  14.73 | USD
  Kraken     |   1.79 |   0.41 |   0.91 |   0.89 |   0.51 |  0.38 |   1.60 |   1.15 |   1.08 | EUR
  Bitcoin.DE |   1.63 |   0.22 |   0.57 |   0.57 |   0.38 |  0.54 |   0.70 |   0.76 |   0.61 | EUR
  CaVirtEx   |   1.16 |   0.15 |   0.15 |   0.15 |   0.21 |  0.11 |   0.75 |   0.60 |   0.20 | CAD
  CampBX     |   0.41 |   0.05 |   0.07 |   0.28 |   0.10 |  0.14 |   0.73 |   0.24 |   0.26 | USD

  SUBTOTAL   | 174.23 |  41.58 |  66.60 |  52.55 |  32.58 | 32.48 |  87.39 |  84.46 |  53.64 |

  Huobi      | 236.27 | 122.80 | 110.57 | 130.41 |  74.04 | 34.12 | 131.14 | 187.12 | 154.12 | CNY
  OKCoin     | 147.26 |  51.45 |  63.63 |  63.05 |  51.46 | 26.29 |  53.49 | 140.75 |  87.71 | CNY
  BTC-China  |  24.87 |   7.55 |   9.08 |   7.86 |   3.86 |  2.04 |  10.97 |  15.23 |   9.29 | CNY
  Bter       |   1.54 |   0.74 |   0.56 |   0.48 |   0.35 |  0.37 |   0.77 |   0.63 |   0.48 | CNY

  SUBTOTAL   | 409.94 | 182.54 | 183.84 | 201.80 | 129.71 | 62.82 | 196.37 | 343.73 | 251.60 |

  TOTAL      | 584.17 | 224.12 | 250.44 | 254.35 | 162.29 | 95.30 | 283.76 | 428.19 | 305.24 |

  MtGOX      |  79.56 |  60.15 | 104.46 |  65.69 |  63.50 | 40.75 | 127.48 | 103.06 |  89.24 | USD,EUR,GBP,AUD,JPY



All numbers were collected by hand from the site http://bitcoinwisdom.com. Beware of possible errors.

For each exchange, the numbers include only the trade volume to/from the currencies listed in the rightmost column. Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

Dates on the header line are UTC. Specifically, "01/15" means "from 01/15 00:00:00 UTC to 01/15 23:59:59 UTC". (Beware that Bitcoinwisdom uses your local time, so the date may appear to be off by 1 day.  For example, if you are 2 hours west of Greenwich, it may show "01/14 22:00" when the UTC time is "01/15 00:00".)

NOTE: MtGOX has suspended withdrawals of Bitcoins and national currencies.  Therefore it is essentially isolated from other markets, and its price is completely out of the norm.  The exceptional trade volumes above may be meaningless.