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

[wpalczynski]

Coin

Explanation

What?

I see 315 in Bitcoin Average right now but the price in your pictures are around 285

Are you sure you are right?

I just came to post the same thing.

I've logged to Bitcoin Wisdom and Preev to check this and it was around $315 but not $285 or $300 even !!

What is wrong CB ?

Edit : This is not ChartBuddy, the user "betterangels" is either joking or trolling, and whatever the reason is, I don't see it funny (no offense).

Shorters are getting pretty desperate and creative.  They will do anything not to get their throat slit. 

[betterangels]

Coin

Explanation

What?

I see 315 in Bitcoin Average right now but the price in your pictures are around 285

Are you sure you are right?

I just came to post the same thing.

I've logged to Bitcoin Wisdom and Preev to check this and it was around $315 but not $285 or $300 even !!

What is wrong CB ?

Edit : This is not ChartBuddy, the user "betterangels" is either joking or trolling, and whatever the reason is, I don't see it funny (no offense).

Shorters are getting pretty desperate and creative.  They will do anything not to get their throat slit.  

i laughed when i saw it (again),
I'm just joking, don't get mad guys

[wpalczynski]

Shorters be like:

[phoenix1]

Coin

Explanation

What?

I see 315 in Bitcoin Average right now but the price in your pictures are around 285

Are you sure you are right?

I just came to post the same thing.

I've logged to Bitcoin Wisdom and Preev to check this and it was around $315 but not $285 or $300 even !!

What is wrong CB ?

Edit : This is not ChartBuddy, the user "betterangels" is either joking or trolling, and whatever the reason is, I don't see it funny (no offense).

Shorters are getting pretty desperate and creative.  They will do anything not to get their throat slit.  

i laughed when i saw it (again),
I'm just joking, don't get mad guys

I LOL'd pretty hard! Nice one! Haha

[ChartBuddy]

Coin

Explanation

[nioc]

Coin

Explanation

I see stamp at ~311   

[aztecminer]

Now the US is depicting the trends . . . With China lagging behind in false hope.



For all those whining the US doesn't show trend strength like China.

[wutizurkwest]

dis gon b a very minor correction.  The next one will be in the $400s.

[ChartBuddy]

Coin

Explanation

[lolikop]

Coin

Explanation

Can anyone tell me why stamp is lagging

[billyjoeallen]

China's like "Uh we're doing a bull pennant here guys, not this dumping crap"

32$ spread... They are going to the moon with our without western exchanges   As we know, on the end western exchanges will follow. The only question here is how many people will get burned.

Has it occurred to anybody that the implied USD/CNY exchange rate on the Chinese exchanges may be the real rate and the official exchange rate at the forex market is the one being rigged?

[BTCtrader71]

China's like "Uh we're doing a bull pennant here guys, not this dumping crap"

32$ spread... They are going to the moon with our without western exchanges  As we know, on the end western exchanges will follow. The only question here is how many people will get burned.

Has it occurred to anybody that the implied USD/CNY exchange rate on the Chinese exchanges may be the real rate and the official exchange rate at the forex market is the one being rigged?

Then the question becomes what the implied USD/CNY exchange rate on the btc exchanges is in a calm and boring sideways btc market as opposed to what we have seen over the past few days.

[wutizurkwest]

China's like "Uh we're doing a bull pennant here guys, not this dumping crap"

32$ spread... They are going to the moon with our without western exchanges   As we know, on the end western exchanges will follow. The only question here is how many people will get burned.

Has it occurred to anybody that the implied USD/CNY exchange rate on the Chinese exchanges may be the real rate and the official exchange rate at the forex market is the one being rigged?

I think you were right before, the coins are leaving China.  That's creating a demand/supply ratio that's higher on the Chinese exchanges than on western exchanges.  On top of that arbitration is not frictionless, if it were the prices would equalize right away.  We know converting from BTC to USD and Euros carries little cost, and moving BTC is virtually costless.  The hard part is getting CNY outside of China, their government has barriers against that.

[wutizurkwest]

China's like "Uh we're doing a bull pennant here guys, not this dumping crap"

32$ spread... They are going to the moon with our without western exchanges   As we know, on the end western exchanges will follow. The only question here is how many people will get burned.

Has it occurred to anybody that the implied USD/CNY exchange rate on the Chinese exchanges may be the real rate and the official exchange rate at the forex market is the one being rigged?

I think you were right before, the coins are leaving China.  That's creating a demand/supply ratio that's higher on the Chinese exchanges than on western exchanges.  On top of that arbitration is not frictionless, if it were the prices would equalize right away.  We know converting from BTC to USD and Euros carries little cost, and moving BTC is virtually costless.  The hard part is getting CNY outside of China, their government has barriers against that.

Oh and before anyone points out that the CEOs of the 3 biggest Chinese exchanges all said this is new user adoption, what would you say if you were them?  Certainly not the truth.  Their government has a tendency to jail the owners of companies that do/permit/enable things they don't like.

[podyx]

If it was not new user adoption, you'd think they rather shut the fuck up though, wouldn't you?

[tarmi]

If it was not new user adoption, you'd think they rather shut the fuck up though, wouldn't you?

"Dear XXX

Thank you for your patience and support all throughout 2013.
As we noted in our previous update there are many things happening, and we’re proud to announce two more major developments that will make MtGox both easier and more economical for our valued customers:

1) One million MtGox customers and reduced fees for the holidays!

Thanks to our loyal customer and increased global interest in Bitcoin, MtGox has now achieved a milestone of over one million customers and growing. This is an incredible moment for us all, and to celebrate, we are offering a Special Holiday Discount of 25% off all trading fees starting today, December 20th 2013 to January 20th 2014!


....

"

[ChartBuddy]

Coin

Explanation

[BlindMayorBitcorn]

If it was not new user adoption, you'd think they rather shut the fuck up though, wouldn't you?

The government has made it clear to the exchanges, they don't want another bubble. Whatever the official line is you can bet the opposite is true.

[wutizurkwest]

If it was not new user adoption, you'd think they rather shut the fuck up though, wouldn't you?

"Dear XXX

Thank you for your patience and support all throughout 2013.
As we noted in our previous update there are many things happening, and we’re proud to announce two more major developments that will make MtGox both easier and more economical for our valued customers:

1) One million MtGox customers and reduced fees for the holidays!

Thanks to our loyal customer and increased global interest in Bitcoin, MtGox has now achieved a milestone of over one million customers and growing. This is an incredible moment for us all, and to celebrate, we are offering a Special Holiday Discount of 25% off all trading fees starting today, December 20th 2013 to January 20th 2014!


....

"

Bingo.  I'm sure they have watchdog agencies watching the flow of money the same as we do, and it's a simple enough cover story.  But I think we can find evidence of the lie in the numbers they're reporting.  For instance the volume on Okcoin doesn't look like new users.  If it were the volumes would look more like BTCC and Huobi.  Instead it looks like they just multiply their real volume by some constant, leaving the ragged edges of an insufficient sample size.

[Fatman3001]

If it was not new user adoption, you'd think they rather shut the fuck up though, wouldn't you?

After the Chinese government intervened in the stock market in July it would make sense for a lot of Chinese investors to look for venues that would be difficult for the chinese government to interfere in.