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

[ChartBuddy]

Coin
Explanation

[Norway]

Some pie charts I made for Oslo Bitcoin Meetup I arranged last weekend.

I know, the local currency data are from 2013 (the most recent I could get from the world bank), the conversion rates are several weeks old, and the model is just a model.

The potential value of bitcoin is measured in terms of the current value of USD.

(And it's based on a supply of 14.000.000 BTC).

Now: Kill my little optimistic charts 

https://imgur.com/KA8CuED

[Sitarow]

6PM EST 2015/02/27

[damiano]

Support is so thin

[shmadz]

there is a serious sale going on at CaVirtex right now. maybe the closing is causing some panic, or maybe people are worried about the ability to sell large quantities anymore afterwards so are taking the hit now ... but the sale is on. lucky if you got some cash on there and are a bull.

I did some arb the other day moving my $ funds to another exchange, and today the arb opportunity is twice as good. I guess alot of poeple are simply cashing out to fiat and withdrawing to their bank account because of the shutdown, i wonder how long these prices are going to last, is it worth wiring more money to virtex... hmm... probably!

Can you still wire money in? Do they take CAD deposits still?

i believe so, it doesn't say its disabled... ill have to try it out later.

From CaVirtex website

Effective immediately, CAVIRTEX intends to cease carrying on an active Bitcoin business and will be winding down its operations in an orderly manner. As a result, effective immediately, no new deposits will be accepted by CAVIRTEX. Trading on CAVIRTEX will be halted effective March 20, 2015. Effective March 25th, 2015, no withdrawals will be processed. CAVIRTEX will communicate with any account holders that continue to hold balances after March 25, 2015.

I would not recommend trying to deposit.

[mymenace]

Coin
Explanation

dat wall

all this in a week talk about bullish
       
[2015-27-02] Intel looking for Crypto-developers

[2015-2-27] Kim Dotcom's Mega could use bitcoin after Paypal ceases processing p

[2015-2-26] Ecuador launches new digital currency – but most residents know litt

[2015-2-26] OKCoin Gives Away $1.6 Million in Bitcoin For Chinese New Year

[2015-02-25] Bitcoin futures market just changed the game

[2015-2-25] Bitcoin revolution could be the next internet, says Bank of England

[2015-2-25] BitGo Unleashes FDIC-like Insurance Ushering in a New Era of Bitcoin

[2015-2-25] RE/MAX London Accepts Bitcoin, Litecoin and Dogecoin in Pilot Progra
      
[2015-2-25] Ex Goldman Director Launches Bitcoin Derivatives Brokerage

[hd060053]

if u are selling or shorting now you must be stupid.

we all know price will go up eventually, thats why we all are here, even the trolls.

there must be another bubble, all know it. But the question is when it happens.

I guess it will happen after the resolution of the mtgox desaster and all fbi coins sold.

in long term it can only go up, fundamentals havent changed.

[chairforce1]

[2015-27-02] Intel looking for Crypto-developers

[2015-2-27] Kim Dotcom's Mega could use bitcoin after Paypal ceases processing p

[2015-2-26] Ecuador launches new digital currency – but most residents know litt

[2015-2-26] OKCoin Gives Away $1.6 Million in Bitcoin For Chinese New Year

[2015-02-25] Bitcoin futures market just changed the game

[2015-2-25] Bitcoin revolution could be the next internet, says Bank of England

[2015-2-25] BitGo Unleashes FDIC-like Insurance Ushering in a New Era of Bitcoin

[2015-2-25] RE/MAX London Accepts Bitcoin, Litecoin and Dogecoin in Pilot Progra
      
[2015-2-25] Ex Goldman Director Launches Bitcoin Derivatives Brokerage

[inca]

Any other Brits on here?

A few.

Moooooooooooooooooo

I am in good company then..

[greenlion]

if u are selling or shorting now you must be stupid.

we all know price will go up eventually, thats why we all are here, even the trolls.

there must be another bubble, all know it. But the question is when it happens.

I guess it will happen after the resolution of the mtgox desaster and all fbi coins sold.

in long term it can only go up, fundamentals havent changed.

Today a very clear triple top formed on Bitstamp, which ordinarily would be screaming to put in a short @ that level once the second happened, but after the third top we're getting a lot of chop instead of any kind of normal downward retracement, it's like we're working off different fib levels all of a sudden. Anybody have any insight into what's going on w/ the technicals?

[inca]

There doesn't appear to be much money on bitstamp...Expect other exchanges to lead.

[ChartBuddy]

Coin
Explanation

[bassclef]

Regardless I would choose SSD over HDD for any application. You simply can't go back after using them. Plus you get hardware level drive encryption.

I use both in my home system. The SSD is getting a bit full though and it's getting time for an upgrade.

Because we all know what security is, please don't entrust your bitcoin wallets ONLY on SSD drives. They tend to fail too... What's more important is, that they're harder to recover.

No worries, I back up regularly to an external mechanical HDD. And I use deterministic wallets so you only need the seed to recover even if the SSD suddenly fails.

[Cconvert2G36]

Observing dat 1200 btc bidwall at 255.5 on finex.

[camolist]

Observing dat 1200 btc bidwall at 255.5 on finex.

bitcoinity says 2200 bitfinex orderbook says 1700

bitcoinity needs to get it together their walls image for bitfinex is never right

[Cconvert2G36]

There's a 500 btc bid wall right below it so 1700 in the area, not sure if the same trader.

I used to like bitcoinity for the bubble days gifs, but it's pretty weak as a tool these days.

[ChartBuddy]

Coin
Explanation

[Cconvert2G36]

Observing dat 1200 btc bidwall at 255.5 on finex.

Pulled.

Edit: 500 wall below it being nibbled, then fully eaten.

[bucktotal]

there is a serious sale going on at CaVirtex right now. maybe the closing is causing some panic, or maybe people are worried about the ability to sell large quantities anymore afterwards so are taking the hit now ... but the sale is on. lucky if you got some cash on there and are a bull.

I did some arb the other day moving my $ funds to another exchange, and today the arb opportunity is twice as good. I guess alot of poeple are simply cashing out to fiat and withdrawing to their bank account because of the shutdown, i wonder how long these prices are going to last, is it worth wiring more money to virtex... hmm... probably!

as far as i know, you cannot deposit fiat anymore. i was told its withdraw time, games over.

simplest explanation is larger sellers need the fiat and are taking the hit now, because no clear options exist looking forward ?

[SkyValeey]

if u are selling or shorting now you must be stupid.

we all know price will go up eventually, thats why we all are here, even the trolls.

there must be another bubble, all know it. But the question is when it happens.

I guess it will happen after the resolution of the mtgox desaster and all fbi coins sold.

in long term it can only go up, fundamentals havent changed.

lol, typical trader logic. fail