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

[YourMother]

I think anyone who thinks that "wall street' wants to buy bitcoin because Moon need to keep the above in mind. As long as there is enough volatility and volume, they will make money, much the same way as any disinterested day trader can ( and has) made money on the weekly 240 - 220 cycles we see every week.

Most of the trade volume at the big Chinese exchanges is probably robot trading.   However, are the robot owners "wall street", or just individual day-traders who code their own robots?  Is the liquidity there sufficient for "wall street" to be interested?

I would think that the Western exchanges like Bitstamp have so little liquidity and so much spread that not even "cottage robots" would find them worth the trouble.  Is that so?

Jorge's troll posts don't make me laugh anymore
Need more BTC at cheap price I guess. Jorge you should work harder to FUD, seriously

Nah! It's not about the cheap price. If you compare the actual price to the potential shown in Norway's infographic, you will find that $234 is simply laughable. It's just that this coin cannot seem to get going, even after 7 years since its creation, and prof. Stolfi is trying his best to bring arguments and explain why is this happening.

 

How rude.

He is ignoring his saviours. Like a true cultist.

[Fatman3001]

 

How rude.

Don't fret. He's just being wary.

[AizenSou]

Jorge's troll posts don't make me laugh anymore
Need more BTC at cheap price I guess. Jorge you should work harder to FUD, seriously

Nah! It's not about the cheap price. If you compare the actual price to the potential shown in Norway's infographic, you will find that $234 is simply laughable. It's just that this coin cannot seem to get going, even after 7 years since its creation, and prof. Stolfi is trying his best to bring arguments and explain why is this happening.

Oh yeah, Prof. Stolfi and Dr. YourMother. Continue to entertain us, please. 

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

Jorge's troll posts don't make me laugh anymore

Nice to know that I am not posting in vain.  Maybe now you can see the truth for yourself. 

[JorgeStolfi]

Looks like the volume so far today is 435 shares, over half of yesterday's volume already and it's only just opened for the day.
As far as I know some can be posted overnight and then actioned first thing in the morning so this could be it.

https://bitcointalk.org/index.php?topic=337486.msg11297074#msg11297074

[ChartBuddy]

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Explanation

[sAt0sHiFanClub]

That's a fairly obvious fishing post, although, as you say, not as colourful as before. He's expecting some well-intentioned nerd to respond, only to bombard him/her with text. And as nerds we keep entertaining him. If only they could ban him.

I think the fact that you don't find them as funny anymore may be a subliminal realization that things aren't as rosy as you had been hoping to believe. After all the good news lately, for once outnumbering the scams, there is still no improvement in bitcoin. The failure of GBTC * to take off is a further kick in the nuts.

Maybe you are realizing that if bitcoin is going to succeed, it needs to do it on its own.

Anyway, my posts are generally aimed at the lurkers, the people who come here to check out what its all about. I understand you have your view and you are not about to change it for all the logic in China.  

[minerpumpkin]

Looks like the volume so far today is 435 shares, over half of yesterday's volume already and it's only just opened for the day.
As far as I know some can be posted overnight and then actioned first thing in the morning so this could be it.

https://bitcointalk.org/index.php?topic=337486.msg11297074#msg11297074

Are there actually other sources than the OTC markets website? I find that site highly confusing and the graphs aren't exactly helpful. Also, is there actually a trade history hidden somewhere, which I can't seem to find?

[JorgeStolfi]

Are there actually other sources than the OTC markets website? I find that site highly confusing and the graphs aren't exactly helpful. Also, is there actually a trade history hidden somewhere, which I can't seem to find?

I think that the Wall Street Journal also has a similar page on GBTC, but it is quite likely just a reformatting of the data that OTCQX gives them.

[TakeTheSkyRoad]

Looks like the volume so far today is 435 shares, over half of yesterday's volume already and it's only just opened for the day.
As far as I know some can be posted overnight and then actioned first thing in the morning so this could be it.

https://bitcointalk.org/index.php?topic=337486.msg11297074#msg11297074

Thanks but already answered.... I need to memorise the time trading opens and factor in the time zone difference.

Not used to these exchanges operating just within office hours lol

[ChartBuddy]

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Explanation

[Wandererfromthenorth]

dump alert

[bad trader]

GBTC follows NYSE hours to my understanding:
https://isthemarketopen.com

[sAt0sHiFanClub]

I think anyone who thinks that "wall street' wants to buy bitcoin because Moon need to keep the above in mind. As long as there is enough volatility and volume, they will make money, much the same way as any disinterested day trader can ( and has) made money on the weekly 240 - 220 cycles we see every week.

I would think that the Western exchanges like Bitstamp have so little liquidity and so much spread that not even "cottage robots" would find them worth the trouble.  Is that so?

True, but on bigger swings simple 'robot' services can make money. The problem arises if they start implementing FIX services on the exchanges, as most bots rely on RESTful API's or other web services, and these are hopelessly outgunned by FIX.

If you are playing both sides of the market, speed is key.

[Tzupy]

dump alert

Western exchanges don't yet look ready for the dump, only China. In a couple of hours we'll see who leads the market.

[sAt0sHiFanClub]

dump alert

Western exchanges don't yet look ready for the dump, only China. In a couple of hours we'll see who leads the market.

The sell on huobi was followed almost immediately by strong buys. More chinese pingpong. (fighting the urge to use the term 'wash volume'  )

[bad trader]

So, the total volume of GBTC has been 765 + 435 = 1200 shares and it looks like there might not be any trading today. That's 120 bitcoins. Since we know some of those trades were from people who had just bought and resold higher, we can conclude that there is maybe ~100 bitcoins worth of GBTC out in the wild (out of the hands of the original investors). In other words so far GBTC traders might as well be trading buttons with Bitcoin logo on them.

[Fatman3001]

That's a fairly obvious fishing post, although, as you say, not as colourful as before. He's expecting some well-intentioned nerd to respond, only to bombard him/her with text. And as nerds we keep entertaining him. If only they could ban him.

I think the fact that you don't find them as funny anymore may be a subliminal realization that things aren't as rosy as you had been hoping to believe. After all the good news lately, for once outnumbering the scams, there is still no improvement in bitcoin. The failure of GBTC * to take off is a further kick in the nuts.

Maybe you are realizing that if bitcoin is going to succeed, it needs to do it on its own.

Anyway, my posts are generally aimed at the lurkers, the people who come here to check out what its all about. I understand you have your view and you are not about to change it for all the logic in China.  

I don't find them funny because I never did. I just needed some flow in my text.

And if you knew anything about logic you would know that logic doesn't say anything about anything. It's simply a way to analyse consistency within a text or a statement. Like this sentence:

"Maybe you are realizing that if bitcoin is going to succeed, it needs to do it on its own"

which could be seen as inconsistent with this:

"Anyway, my posts are generally aimed at the lurkers, the people who come here to check out what its all about."

Ask your buddy about it, he uses it quite consistently to mislead people.

With regards to lurkers. Every single one of them understands this thread better than you do, so you can lower your shoulders.

[Feri22]

Hello to the nice people of bitcointalk  

I have around 2500 USD ready in exchange...do you think buy now or are we going lower first?