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

[podyx]

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[damnek]

Any reason for this rise?


Fuck these irrational markets. Bitstamp rises because MtGox rises. Then MtGox rises because Bitstamp rose. These two exchanges are jerking each other to the fucking moon.

The whole world was short bitcoin, only a spark was needed to get some shorts covering, which is snowballing into a nice little rally

[ShroomsKit]

Any reason for this rise?


Fuck these irrational markets. Bitstamp rises because MtGox rises. Then MtGox rises because Bitstamp rose. These two exchanges are jerking each other to the fucking moon.

Also keep in mind we went down 100's because of major panic since Gox disabled withdrawals. And now suddenly that's not important anymore it seems and we can go up again. Nothing makes sense really.
The market movement is based on a few manipulating whales and the other people are just pure panic buying and selling without a clue what they are doing. By now i'm pretty sure of this.

[PoolMinor]

Gotta give Tera credit for calling the spike at $619.88 within 12 cents.

Yes I agree nice call.

If i predict random numbers every day i will be right once in a while as well. If he could do any better than just guessing he wouldn't be here. He would be on his yacht enjoying his millions.

Math jokes

The B in Benoît B. Mandelbrot stand for Benoît B. Mandelbrot.

[MatTheCat]

Any reason for this rise?


Fuck these irrational markets. Bitstamp rises because MtGox rises. Then MtGox rises because Bitstamp rose. These two exchanges are jerking each other to the fucking moon.

could it be because poeple are buying bitcoin?

I give up trying to fathom the reasons behind these seemingly idiotic buying surges. Is it dumb bots? Is it dumb fuck noveau riche Bitcoiners? I doubt it is 'manipulators' cos there aint nothing getting manipulated here. All that will happen is that Bitcoin gets up to ~$647 range tops, and then corrects on low volume, at which point the proud new owners of these overpriced Bitcoin will be forced to liquidise their coin or face increasing losses. This shit has happened on just about every bounce after a support is hit.

Given the sudden/co-ordinated way in which these purchase surges play out and how they correlate to events on once relevant exchanges, I would be inclined to believe that bots trading on antiquated algorithms (Gox going up is bullish, BUY BUY BUY) are a lot to do with these recent sudden and irrational price spikes.

Absolutely no fkn chance is this the trend reversal. I still smell far too much 'hope' from the perma-bulls.

[billyjoeallen]

Momentum chasers, here's your chance to get back on the train. This trend still has legs.

[MatTheCat]

Momentum chasers, here's your chance to get back on the train. This trend still has legs.

Holy Shit!

Looks like that was the top lads!

SELL SELL SELL!

[podyx]

Momentum chasers, here's your chance to get back on the train. This trend still has legs.

Holy Shit!

Looks like that was the top lads!

SELL SELL SELL!

[MatTheCat]

Snore.

Another 'bottom calling all the way down' retard shows his lack of personality, humour, and charisma with a *facepalm* jpeg.

Go on, give us a *Double Facepalm* (for when 1 facepalm isn't enough) JPEG you fucking mindless anti-charismatic drone!

[JorgeStolfi]

Let's see whether I got it right: someone noticed that MtGOX made a tiny transaction, which actually was like several others that they had been doing all along since the lock-in; a transaction which had nothing to do with withdrawals, and moreover was rejected by the network because it contained mined bitcoin that was too fresh -- a bug that MtGOX's software was known to have, and which apparently has not been fixed yet.  That is why the market suddenly got excited and optimistic, and the price jumped up by 10% in a few hours . Correct?

[adamstgBit]

Snore.

Another 'bottom calling all the way down' retard shows his lack of personality, humour, and charisma with a *facepalm* jpeg.

Go on, give us a *Double Facepalm* (for when 1 facepalm isn't enough) JPEG you fucking mindless anti-charismatic drone!

[derpinheimer]

Snore.

Another 'bottom calling all the way down' retard shows his lack of personality, humour, and charisma with a *facepalm* jpeg.

Go on, give us a *Double Facepalm* (for when 1 facepalm isn't enough) JPEG you fucking mindless anti-charismatic drone!

Worried you sold too low? Hahahaha!!!!

[podyx]

Let's see whether I got it right: someone noticed that MtGOX made a tiny transaction, which actually was like several others that they had been doing all along since the lock-in; a transaction which had nothing to do with withdrawals, and moreover was rejected by the network because it contained mined bitcoin that was too fresh -- a bug that MtGOX's software was known to have, and which apparently has not been fixed yet.  That is why the market suddenly got excited and optimistic, and the price jumped up by 10% in a few hours . Correct?

Not really, you obviously haven't been around bitcoin alot

[creekbore]

Let's see whether I got it right: someone noticed that MtGOX made a tiny transaction, which actually was like several others that they had been doing all along since the lock-in; a transaction which had nothing to do with withdrawals, and moreover was rejected by the network because it contained mined bitcoin that was too fresh -- a bug that MtGOX's software was known to have, and which apparently has not been fixed yet.  That is why the market suddenly got excited and optimistic, and the price jumped up by 10% in a few hours . Correct?

Or visually represented:

[MikeH]

so did any punters get their money into Gox?  I would have sent a few $ if it weren't for the 2 week delay last time, I expect it to take longer at the moment.

[MatTheCat]

Let's see whether I got it right: someone noticed that MtGOX made a tiny transaction, which actually was like several others that they had been doing all along since the lock-in; a transaction which had nothing to do with withdrawals, and moreover was rejected by the network because it contained mined bitcoin that was too fresh -- a bug that MtGOX's software was known to have, and which apparently has not been fixed yet.  That is why the market suddenly got excited and optimistic, and the price jumped up by 10% in a few hours . Correct?

Earlier today, Gox jumped up 100% and right on its coat tail, Stamp increased on very large volume from $580 to $620. The recent 'spike' has been on a fraction of the volume.

[MikeH]

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#

yea I want out of Australia too - I just don't know of any truly independent and non-corrupt place to go to though.

[MatTheCat]

yea I want out of Australia too - I just don't know of any truly independent and non-corrupt place to go to though.

U want out of Australia?

U clearly have no idea how good you guys have it there compared to just about everywhere else.

[adamstgBit]

Let's see whether I got it right: someone noticed that MtGOX made a tiny transaction, which actually was like several others that they had been doing all along since the lock-in; a transaction which had nothing to do with withdrawals, and moreover was rejected by the network because it contained mined bitcoin that was too fresh -- a bug that MtGOX's software was known to have, and which apparently has not been fixed yet.  That is why the market suddenly got excited and optimistic, and the price jumped up by 10% in a few hours . Correct?

Earlier today, Gox jumped up 100% and right on its coat tail, Stamp increased on very large volume from $580 to $620. The recent 'spike' has been on a fraction of the volume.

tell us again how you have no bitcoins therefore have no emotional bias and know price is highly inflated

it makes me lol

[TERA]

Volume, what volume? 24 hour stamp volme: 20K... clearly a trap. There are all kinds of resistances in the 600s based on longer charts. Do you really thing we're ready to break through them all just because gox and on this low volume?