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

[Wings1987]

Still increased activity on Huobi. Very quiet at finex.

Exchange ran by bots with zero trading fees

I was just noticing that it looked like all bot activity to me. Can't say that I have noticed that before. Daily occurrence?

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[minerpumpkin]

And.. fail pump? Back to where we were.. and now even lower since starting to type..

This happened a couple of hours ago, as well. I don't know... it seems like people try to short this thing as soon as it stops to rise. Either some people start getting nervous, or bears try their best to squeeze out every last Satoshi by trying to short those pico-rallies. At some point they won't have any BTC left to short, I guess. It's all fun, until someone gets margin-called!

[coinableS]

A sign of things to come. That's what those giant green candles on btc-e yesterday were, a sign. Load up on BTC while you still can before we start pricing everything in satoshis! 

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

Nobody believes you have a class.

The important thing is not to have a class, but to have class.  

EDIT: @BJA stole my punchline, rats!

[coinableS]

Nobody believes you have a class.

The important thing is not to have a class, but to have class. 

Stolfi, have you bought any bitcoin yet?
I always find your signature very hard to believe with how much time you spend on here and /r/bitcoin.
It's okay to admit you are one of us 

[lyth0s]

Back to normal really isn't behind us. I think it's best practice to assume that the bubbles of 2013 were more or less caused by Gox and, thus, heavily inflated. We have to ignore them and extrapolate the "regular" exponential uptrend from the remaining data. That way we might get a more reasonable idea of what's "normal" or should be assumed to be it.

That is an interesting idea. Have you created a chart that takes the Gox 2013 bubble out of the picture to show a potential trend line without it? I'd be very interested.

[lyth0s]

I drew some lines that exclude both of the 2013 bubbles and that would put us around the $341 mark for support so I'm not sure how we are "back to normal" (but perhaps you can educate me). I don't know much about TA though.

[JorgeStolfi]

I always find your signature very hard to believe

Sigh.  Is it so hard to believe that someone may be just telling the plain boring truth, for a change?  Perhaps, when everybody is hiding behind a pseudonym, people grow to expect lies by default; but is harder to tell lies when you are using your own name, and you have a job where lying is not as forgivable as it is in finance or politics.

If you have seen enough of my posts, you should know that I *do* try to do serious data analysis, and to understand bitcoin deeper than Antonopoulos-level.  I think I have learned a few things about bitcoin that bitcoiners do not seem to be aware of, or try hard to ignore, or deny because they desperately need them to be false.  I think that this sort of thing is quite appropriate for a computer scientist to "waste" his time on.  (More so than the Fukushima disaster, although even then I did contribute some bits that others found useful.)  For example, this plot



that is strong evidence that the Chinese exchanges were leading the Nov/2013 bubble, and quite probably also the Apr/2013 one. (Which, of course, has many unpleasant implications for the future price and the solidity of bitcoin funds.)  Or this plot



that shows that the number of deposits per day into BitPay's receiving wallet was quite flat through most of 2014, and increased by a factor of ~3 since mid-2013; whereas this plot



shows that the bitcoin volume of those deposits has been constant at ~1000 BTC/day since Jan/2013.  (Explaining these numbers is not trivial, but they definitely contradict the claims of "booming adoption", and are consistent with may other indications that usage for e-payments is stagnant at best.)

And so on.  I don't know whether those pokings will yield something that many people will care to know, but, as some famous scientist said, "research is what I am doing when I don't know what I am doing"...

[Brewins]

Nobody believes you have a class.

The important thing is not to have a class, but to have class. 

Stolfi, have you bought any bitcoin yet?
I always find your signature very hard to believe with how much time you spend on here and /r/bitcoin.
It's okay to admit you are one of us 

He could earn lots of BTC with signature programs, even with the ones with lowest rates.

I guess he somehow is allergic to BTC or can't figure out how to install a wallet

[ChartBuddy]

Coin
Explanation

[coinableS]

Sigh.  Is it so hard to believe that someone may be just telling the plain boring truth, for a change? 
[snip]
If you have seen enough of my posts, you should know that I *do* try to do serious data analysis, and to understand bitcoin deeper than Antonopoulos-level.  I think I have learned a few things about bitcoin that bitcoiners do not seem to be aware of, or try hard to ignore, or deny because they desperately need them to be false.  I think that this sort of thing is quite appropriate for a computer scientist to "waste" his time on.
[snip]
<image>
<image>
<image>
And so on.  I don't know whether those pokings will yield something that many people will care to know, but, as some famous scientist said, "research is what I am doing when I don't know what I am doing"...

I have seen many of your posts and they are on topic and not gibberish troll speak however they are usually biased towards a negative view of bitcoin. Then you claim to not own any and that you don't trade, yet you spend most of your time in the speculative thread, not the development or tech sections making me seriously doubt the technical knowledge you claim to have. Being completely honest, you appear to have a more research approach like a columnist or reporter would have.

At the end of it I still don't get it. I'm looking for the why. Are you writing book? I can't figure out why you would put so much effort into something but then not take any part in it.

[Cconvert2G36]

Nobody believes you have a class.

The important thing is not to have a class, but to have class. 

Stolfi, have you bought any bitcoin yet?
I always find your signature very hard to believe with how much time you spend on here and /r/bitcoin.
It's okay to admit you are one of us 

He could earn lots of BTC with signature programs, even with the ones with lowest rates.

I guess he somehow is allergic to BTC or can't figure out how to install a wallet

He already has a signature campaign. And his reason for not wanting btc is explained therein.

He gives better data than most on these esteemed fora, you may disagree with his conclusions, and that's kinda the point of a discussion forum.

He's pretty fascinated by it obviously, a combination of intellectual challenge, the possibility of being completely vindicated in the future, and a side of gallant protection of vulnerable rubes being separated from their savings.

I don't see why he's so irksome, he's not forcing people to keep quoting him. Slow days like today would be all chart buddy and taunting of/by tarmi without him.

[BitcoinIsLiberty]

Watching the creation of GBTC has been fascinating. 6 weeks?? since announcement with all the layers of regulations, lawyers, politicians, and third-parties that are needed to transfer assets securely. That's bitcoin's competition.  LOL.

[Trolfi]

How do you 'give up an assumption'?  And 'interlocutor'? 

I am certain Stolfi understood. If you didn't, I suggest you complete basic schooling.

[ChartBuddy]

Coin
Explanation

[BlackSpidy]

Alright guys, here's the deal. I need the price to stay this low ^{undervalued, actually} for a week. Let's hold off the massive green candles until after the fifth, OK?

[marcus_of_augustus]

Sigh.  Is it so hard to believe that someone may be just telling the plain boring truth, for a change? 
[snip]
If you have seen enough of my posts, you should know that I *do* try to do serious data analysis, and to understand bitcoin deeper than Antonopoulos-level.  I think I have learned a few things about bitcoin that bitcoiners do not seem to be aware of, or try hard to ignore, or deny because they desperately need them to be false.  I think that this sort of thing is quite appropriate for a computer scientist to "waste" his time on.
[snip]
<image>
<image>
<image>
And so on.  I don't know whether those pokings will yield something that many people will care to know, but, as some famous scientist said, "research is what I am doing when I don't know what I am doing"...

I have seen many of your posts and they are on topic and not gibberish troll speak however they are usually biased towards a negative view of bitcoin. Then you claim to not own any and that you don't trade, yet you spend most of your time in the speculative thread, not the development or tech sections making me seriously doubt the technical knowledge you claim to have. Being completely honest, you appear to have a more research approach like a columnist or reporter would have.

At the end of it I still don't get it. I'm looking for the why. Are you writing book? I can't figure out why you would put so much effort into something but then not take any part in it.

It's like that other guy said. He's a socialist status-trading statist grinding on here to earn statist status credits.

[ChartBuddy]

Coin
Explanation

[empowering]

Coinbase UK

http://www.theguardian.com/technology/2015/apr/29/bitcoin-coinbase-launches-in-uk