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

[marcus_of_augustus]

make you a deal, expand as a summation series and give me a closed form expression for the 3rd term (coefficient for x^3) and I'll reveal all ...

It can be written as

f(x) = A \prod_{m=1}^\oo (1 - \frac{4z^2}{(4m-1)^2})

where z = x/\pi - 1/2, and

A = \prod_{m=1}^\oo \frac{(4m-1)^2}{4m(4m-2)}

That is an even function of z.  Therefore, the the coefficient of (x-\pi/2)^3 in the Taylor series around \pi/2 is zero.

Is that close enough?  

Jorge: thanks for this, it really is an interesting approach. It shifts the curve by pi/2, and normalises (by A) creating a normalised even function.

You might be interested to know the following:

A = f(pi/2) = ([Gamma(1/4)]^2)/(2.pi.sqrt(pi)) = [3.3.7.7.11.11.15.15.....]/[2.4.6.8.10.12.14.16]  ; where Gamma() is the gamma function

and

f(-pi/2) = (4.sqrt(pi))/([Gamma(1/4)]^2) = [1.5.5.9.9.13.13.....]/[2.4.6.8.10.12.14.....]

and

f(pi/2).f(-pi/2) = [1.3.3.5.5.7.7.9.9.11.11.15.15....]/[2.2.4.4.6.6.8.8.10.10.12.12.14.14.16....] = 2/pi

[ChartBuddy]

Explanation

[bzzard]

Theres 54k of oversold bitcoins since this price level on Jan12

All money from that sales was take out of exchange? I don't think so

[abercrombie]

When it rains money, it pours! 

[jaberwock]

280 broken.

Interesting week start

[Gatekeeper]

just a quiet Sunday, nothing to see here  

[JorgeStolfi]

Can I get your latest theory on how China caused this price rise please?

Hard to tell...

The rise from 200 to 250 over the last 10 days may have been just a recovery from the crash of 2015-01-13 (like the recovery after the 2014-10-04 crash).  The rise today seems to be due to the Coinbase news, apparently led by Bitfinex.

So far the price got back to the trend it followed for most of Nov-Dec 2014.  Let's see what it will do next.

By the way, I still don't know what caused the mini-bubble that started on 2014-05-20.  It may have been driven by the West, for all I know.  But that demand may have evaporated between August and October.

[bitpop]

Fuck all shorters!

[Richy_T]

280? So 15 minutes ago...

[marcus_of_augustus]

disconnect on finex ... bitswamp force majeur on the shorted (non-existent) coins coming up?

[Trolfi]

so if I want troll you I just post here and you will see?

Yes, but you'll have to wait your turn, the line starts over there.

Let me get this.

Stolfi, do yourself a favor and post an address. We'll send you a couple of bits. You will look too silly (to yourself and others) if you end up not getting any BTC before the masses do.

[Richy_T]

We could be seeing a fight for 300 tonight. Time for a celebratory drink methinks.

[N12]

Bitstamp | Total bids: 4344196 USD. Total asks: 3543 BTC. Ratio: 1226.07127 USD/BTC
Bitfinex | Total bids: 5385274 USD. Total asks: 5786 BTC. Ratio: 930.65069 USD/BTC

😈

[kodtycoon]

We could be seeing a fight for 300 tonight. Time for a celebratory drink methinks.

300 will fall with one blow.. 300 is a fucking lightweight... fuck 300...

[marcus_of_augustus]

so if I want troll you I just post here and you will see?

Yes, but you'll have to wait your turn, the line starts over there.

Let me get this.

Stolfi, do yourself a favor and post an address. We'll send you a couple of bits. You will look too silly (to yourself and others) if you end up not getting any BTC before the masses do.

it's ok, if he helps me solve this problem I've got a good sized wedge heading his way ....

[tarmi]

lol

bitfinex is doing the gox thing.

[jaberwock]

Can I get your latest theory on how China caused this price rise please?

Hard to tell...

The rise from 200 to 250 over the last 10 days may have been just a recovery from the crash of 2015-01-13 (like the recovery after the 2014-10-04 crash).  The rise today seems to be due to the Coinbase news, apparently led by Bitfinex.

So far the price got back to the trend it followed for most of Nov-Dec 2014.  Let's see what it will do next.

By the way, I still don't know what caused the mini-bubble that started on 2014-05-20.  It may have been driven by the West, for all I know.  But that demand may have evaporated between August and October.

look at prices again, we are in 280 level already.

And the prices started to rise before the Luna thing. I guess the GEMNI thing started it.

And how explain LTC jumping 50% by sunday?

[JimboToronto]

Price is still way down at Cavirtex. That should change when the banks open in the morning.

[spooderman]

We could be seeing a fight for 300 tonight. Time for a celebratory drink methinks.

300 will fall with one blow.. 300 is a fucking lightweight... fuck 300...

300 is a fucking CASUAL.

And Richy, I think I'm gonna join you on the celebratory drug taking

[Richy_T]

The real question is which exchange will Bitcoinity be using for when the animated gifs start up again?