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

[JayJuanGee]

GBTC continues to rise.  $470 coin value.  Is this the true value without exchange manipulation?

quite possibly, and localbitcoins which represents "on the street" demand and supply.

These exchanges are cesspits of manipulations, games and big sloshy pots of FIAT, make-believe numbers. Gox MkIII

largely local bitcoins use exchange prices - but only have a broader spread because the person buying/selling is merely serving as an intermediary to the exchange that the person does not want to register any kind of account (or doesn't have time to)

[JayJuanGee]

Bitfinex is the western leader IMHO. Just look at the volume. http://coinmarketcap.com/currencies/bitcoin/#markets

Following close behind is China with OKcoin.

Bitstamp was trying devilishly hard earlier to pull the price back up when Huobi, OKcoin, and Bitfinex were all pushing it down. https://hypron.net/bitcoinwisdom/

Bitcoin be like https://youtu.be/7YvAYIJSSZY

bitstamps was seeing more volume then Bitfinex a month or 2 ago.
i agree Bitfinex appears to be the western leader again.
in any case there both important...

o.k.  do what you like...             

[marcus_of_augustus]

GBTC continues to rise.  $470 coin value.  Is this the true value without exchange manipulation?

quite possibly, and localbitcoins which represents "on the street" demand and supply.

These exchanges are cesspits of manipulations, games and big sloshy pots of FIAT, make-believe numbers. Gox MkIII

largely local bitcoins use exchange prices - but only have a broader spread because the person buying/selling is merely serving as an intermediary to the exchange that the person does not want to register any kind of account (or doesn't have time to)

take a dig into the localBTC trade numbers and you'll find a HUGE upside bias in the spread though

[brg444]

RE: localbtc anybody can link me to the website with all the pretty charts of volume by country?

[marcus_of_augustus]

RE: localbtc anybody can link me to the website with all the pretty charts of volume by country?

http://bitcoincharts.com/ that one?

[adamstgBit]

GBTC continues to rise.  $470 coin value.  Is this the true value without exchange manipulation?

quite possibly, and localbitcoins which represents "on the street" demand and supply.

These exchanges are cesspits of manipulations, games and big sloshy pots of FIAT, make-believe numbers. Gox MkIII

largely local bitcoins use exchange prices - but only have a broader spread because the person buying/selling is merely serving as an intermediary to the exchange that the person does not want to register any kind of account (or doesn't have time to)

take a dig into the localBTC trade numbers and you'll find a HUGE upside bias in the spread though

right local seller act as the intermediary and tag on a premium for there services, and some sellers premium is higher then others, no one is going to offer bitcoins at a discount. the price appears to swing wildly because a seller in a small town has less competition allowing him to have a higher premium. also mirco trades ( someone want to buy 10$ of bitcoin ) will have an unbelievable 3-8x price premium , that 10$ trade paints a nasty candle-wick

the only usfull pices of data you can get from localBTC charts is volume, and volume traded there isnt sagnifcent and not worth considering

[ChartBuddy]

Coin



Explanation

[suda123]

Patiently waiting for a double bottom to get in.Right now we are looking at a second obvious bear flag in the making.

sounds like its time to sell

[peonminer]

I agree the fractional reserve with these exchanges is getting wild. Although this is true, they still have a huge swing in the price. Compare it to an athlete on steroids. They are still using their muscles and can lift much more than a non juicer, yet they are inflating their muscles artificially. Even though you may not count them as the leader in volume, trades, or pricing, they are. Stamp was begging for a bounce back @ 360 earlier. Huobi, OKCoin, and Bitfinex all brought it down more. If you want to sell me all of your BTC for much less than they have it inflated to, by all means, do it.

P.S Get your long boarding shorts on chartbuddy, we're headed down a slippery slope!

[marcus_of_augustus]

GBTC continues to rise.  $470 coin value.  Is this the true value without exchange manipulation?

quite possibly, and localbitcoins which represents "on the street" demand and supply.

These exchanges are cesspits of manipulations, games and big sloshy pots of FIAT, make-believe numbers. Gox MkIII

largely local bitcoins use exchange prices - but only have a broader spread because the person buying/selling is merely serving as an intermediary to the exchange that the person does not want to register any kind of account (or doesn't have time to)

take a dig into the localBTC trade numbers and you'll find a HUGE upside bias in the spread though

right local seller act as the intermediary and tag on a premium for there services, and some sellers premium is higher then others, no one is going to offer bitcoins at a discount. the price appears to swing wildly because a seller in a small town has less competition allowing him to have a higher premium. also mirco trades ( someone want to buy 10$ of bitcoin ) will have an unbelievable 3-8x price premium , that 10$ trade paints a nasty candle-wick

that reasoning doesn't stack up since a neutral market should have neutral bias on the spread ... why aren't lbtc traders severely underpaying when they buy bitcoins to 'tag on a premium'? ... spread goes both sides of the trade.

it's because the real market is willing to 'overpay' (relative to broken exchange pricing) more than it is willing to undersell ... hence upside bias in the spread (i.e. exchanges are holding the price down) thus good money to be made buying on exchange selling on the street, and that's what I've heard also.

The reason the exchanges can do this are all the bottlenecks that prevent fiat cash flowing freely onto the exchanges (KYC/AML govt capital controls). The exchanges have just become govt. tools of control over bitcoin, price and privacy.

[ChartBuddy]

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Explanation

[galdur]

Estimated Next Difficulty:   80,503,915,832 (+10.70%)
Adjust time:   After 743 Blocks, About 4.7 days

At this rate; looks like it´s going to be Exahash in a few months...

mega- giga - peta - exa

[ChartBuddy]

Coin



Explanation

[Andre#]

RE: localbtc anybody can link me to the website with all the pretty charts of volume by country?

http://coin.dance/charts

[ChartBuddy]

Coin



Explanation

[keystroke]

Estimated Next Difficulty:   80,503,915,832 (+10.70%)
Adjust time:   After 743 Blocks, About 4.7 days

At this rate; looks like it´s going to be Exahash in a few months...

mega- giga - peta - exa

Is that when bitcoin wakes up and becomes sentient? It was all a scam to seed the world's first distributed AI. If only we had realized that all along the backdoor to the universe was hidden in the fractional parts of the cube roots of the first 64 primes.

(Those are constants used to initialize SHA-256 for use in its compression function -- nothing up my sleeve numbers.)

[mrkavasaki]

Prepare your ass for sub $200 coins!

🙈🙈🙈🙈🙈

[r0ach]

the universe was hidden in the fractional parts of the cube roots of the first 64 primes.

So you're saying it's time to back the truck up and start shoveling coins in?

[ChartBuddy]

Coin



Explanation

[jnada]

Prepare your ass for sub $200 coins!

ymmm, sounds promising, but we need some FUD news