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

[finlon]

i think it's likely to be this way probably until after the auction ..

maybe some small pump and a lot sideways ..

Chinese banks are closed from Feb 18-23 to observe Chinese New Year so there shouldn't be much movement until FIAT can be wired into those exchanges (Bitfinex, OKCoin, Huboi). 

That is something Tether could resolve. (already used by Bitfinex and Poloniex)

When is tether coming out ?

[ChartBuddy]

Coin
Explanation

[ssmc2]

http://techcrunch.com/2015/02/21/the-bitcoin-jet-or-how-does-cryptocurrency-go-mainstream/

[ChartBuddy]

Coin
Explanation

[NotHatinJustTrollin]

[okthen]

i think it's likely to be this way probably until after the auction ..

maybe some small pump and a lot sideways ..

I'm expecting a pump a bit before the auction, and I don't think the aftermath will influence the price greatly.

[ChartBuddy]

Coin
Explanation

[xalex]

Yes becaus people who already had the video cards were using them to game, and mine on the side.  But to buy it and mine exclusively had to be crazy. I dont even think they knew about the gpu power until 2011 or 2012.  They were still using cpu back then until they figured out the computing efficiency

I remember doing that actually. Gamed and mined a little whenever I wasn't gaming.

I did buy a couple of graphics cards just to mine bitcoin. There was simply no decent way to trade traditional currency for BTC yet back then, no localbitcoins, no widespread community.
If you wanted bitcoins, you had to mine them.

Fun fact: Bought the cards brand new. Sold them half a year later for about 20% profit. Bitcoin mining had actually created a scarcity in graphics cards with all the decent ones being back ordered for weeks. I do wonder if the sales guys at ATI knew what the hell was going on. I never really bothered to check, but I can imagine an overproduction happening when ASIC's became a reality.

[ErisDiscordia]

please keep these coming 

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

Doesn't want to hit 250 yet does it......

[criptix]

/edit we are 250+ Sunday pump inc

 nvm, looked at the wrong numbers ._.

[ensjovis]

/edit we are 250+ Sunday pump inc

 nvm, looked at the wrong numbers ._.

BitcoinAverage.com shows 248.5

[mrkavasaki]

looks like we had found the floor

or what do you guys think?

[podyx]

/edit we are 250+ Sunday pump inc

 nvm, looked at the wrong numbers ._.

BitcoinAverage.com shows 248.5

[criptix]

8    CoinTrader   BTC/USD    $ 320,499   $ 666.00    2.36 %    Recently


ALL GOOD 

[samsonn25]

When asics came out, people were using the cards to mine Scrypt and then convert ltc to btc.  THe last great cards were the 7950 (2 years ago) and the recent r9 290 (1 year ago).

[Fatman3001]

looks like we had found the floor

or what do you guys think?

I think so too, but I want to see the nov/dec-2014 pattern broken more convincingly before I wave in the horn section.

[Brewins]

i think it's likely to be this way probably until after the auction ..

maybe some small pump and a lot sideways ..

Chinese banks are closed from Feb 18-23 to observe Chinese New Year so there shouldn't be much movement until FIAT can be wired into those exchanges (Bitfinex, OKCoin, Huboi). 

but people still can move Bitcoin and open leverage positions.

Considering that is possible do 20x leverage, large movements are possible even when banks are closed if one has BTC, but they might cost more

[MilesJohan]

Doesn't want to hit 250 yet does it......

its at 245 from a long time .We need to go up!