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

[DavieT1337]

Coin



Explanation

ah okay now i see the right number is the number which people wanted and the left is the asking price okay. now i get it but could you please give an advise what the spreads mean definetly=
I mean is it trough that the Price will icnrese if the ask is higher and the price will decrease if it also is lower than the willings?

Would be great to knwo from your side

regards
DaveiT1337

[molecular]

Coin



Explanation

ah okay now i see the right number is the number which people wanted and the left is the asking price okay. now i get it but could you please give an advise what the spreads mean definetly=
I mean is it trough that the Price will icnrese if the ask is higher and the price will decrease if it also is lower than the willings?

Would be great to knwo from your side

regards
DaveiT1337

The data is based on the order book of the respective exchange. An order book contains limit bids and asks (what people are "willing" to buy / sell for, including a price and an amount). The 2 large numbers are the prices of the highest bid (green) and lowest ask (red). The difference between the 2 is called the spread. The landscape below shows the contents of the order book in accumulated form (z-axis: sum of amounts of bids / asks with price higher / lower than price on x-axis) over time (y-axis).

[ChartBuddy]

Coin



Explanation

[orpington]

[bitebits]

My transaction was included in the fourth block  My last transaction earlier this week took 3 blocks  

btc is working just like it should be

In case you need some rough fee estimate: http://bitcoinexchangerate.org/fees

                                      USD cents   satoshis   BTC
To get in next block                   2.1   4831   0.00004832
To be confirmed in the next hour   2.2   5139   0.00005140
To be confirmed within 24 hours   2.0   4659   0.00004660

[Spaceman_Spiff]

My transaction was included in the fourth block  My last transaction earlier this week took 3 blocks  

btc is working just like it should be

In case you need some rough fee estimate: http://bitcoinexchangerate.org/fees

                                      USD cents   satoshis   BTC
To get in next block                   2.1   4831   0.00004832
To be confirmed in the next hour   2.2   5139   0.00005140
To be confirmed within 24 hours   2.0   4659   0.00004660

So next block is cheaper than next hour.... seems logical....

[bitebits]

Let's see if bulls can do better next time. I made a little money on the failed attempt at $445 so now You will have to buy even more, but you might do it. Just don't pump to over $3,000 or I'll get a margin call. HAHAHAHA.

Scale or die.

Weren't you screaming the same when the price hit ~260$ two months ago in October and sold like 50 coins and counting? Some people will never learn I guess.

edit: found it

[DavieT1337]

In my meaning my predicions are for 880$ within the next 3 months.

regards
DavieT1337

[ChartBuddy]

Coin



Explanation

[acharias]

In my meaning my predicions are for 880$ within the next 3 months.

regards
DavieT1337

Based on what?

[dloghwak]

In my meaning my predicions are for 880$ within the next 3 months.

regards
DavieT1337

Based on what?

Chicken bones.

[Andre#]

Bitcoin moves across borders relatively frictionlessly and speedily (10 mins to hours not days). This creates lots of seemingly bizarre global arbitrage opportunities ... the same 9k btc can be sold on a western exchange and back being bid up in china within an hour. Large cross-border fiat settlements take 3-5 business days at best.

Chinese BTC is getting sold on Western exchanges? Shouldn't we be seeing a bit more (as in 'corresponding') volume if that's the case?

In August, volume on Bitstamp more than doubled. Bitfinex came back to life in October. Kraken also increased its volume 2.5 times. And that's in BTC. Expressed in USD, it adds another 50% to those increases. That's quite a 'bit'.

[Spaceman_Spiff]

Why torture yourself with following the market and trading if you're going to just use 2%? I only trade(d) to strike it rich and make significant increases in my btc, and I still hate it.

How did that work out for you?

The trading worked out very well.  I just hate being glued to the charts.  It completely consumes me. Even though I made these huge gain on 100% on my coins,  someone's I still just wish I'd rather have that year of my life back.  That's why I don't understand someone only using 2%.

For some of us, it is just a fun game, thus very enjoyable.  Then again, the difference in attitude might also result in a difference in trading performance.

[JayJuanGee]

Let's see if bulls can do better next time. I made a little money on the failed attempt at $445 so now You will have to buy even more, but you might do it. Just don't pump to over $3,000 or I'll get a margin call. HAHAHAHA.

Scale or die.

My hero, right next to the other swampland legend <3

You are ridiculous, or do you just get pleasure in being a contrarian.

You seem smart enough to recognize that currently BTC general price direction is UP.

Sure you can make a few dollars or BTC here and there by shorting, but really we are going up... and don't miss the train while you are shorting all the way to $3,000 $5,000.

On the other hand, I may short a little at $3k, too.    

We don't merely derive satisfaction being contrarians, as well as mocking fee-market-deluded miner-biased networth-snobbish small-blockians.

We also get trading profit.

Are you talking about the Royal "we"?

From my perspective, there is a lot of variance in whether and/or how people trade BTC.

[oda.krell]

Bitstamp has been called Bearstamp for the last month because its price is always behind the other exchanges. Tonight Bitfinex's price is lower than Bitstamp's so perhaps it should be known as Bearfinex until it catches up with Bullstamp.

[edit]

Typical, the very next post after this one shows Bearstamp's price has fallen back below all the other ChartBuddy exchanges, including Bullfinex.

Frankly, the people who use that term are likely to have a bit of a dimwitted perception of the market, or aren't traders at all and just like to throw around "advice" on how the market should act in their opinion.

True, price has been lagging behind (at a roughly constant percentage), but on several other metrics, BS is far from being a "bear exchange" -- to name one, look at closing prices on the higher time scales around the peaks or crashes (1d, 1w), BS vs. OKC, or alternatively, the candle extrema (i.e. absolute lows during crashes of the past months).

IMO, a much better way to characterize BS is to call it the 'conservative' exchange, in terms of participants activity. Rarely leads overtly, always lags behind a bit in a trend, but also doesn't get jerked around quite as extremely as the other exchanges (in terms of price extrema). Sure, the latter is partly due to the lack of margin trading, but given the relatively thin order book and volume of BS, it's not likely the only reason for it.

[JayJuanGee]

Let's see if bulls can do better next time. I made a little money on the failed attempt at $445 so now You will have to buy even more, but you might do it. Just don't pump to over $3,000 or I'll get a margin call. HAHAHAHA.

Scale or die.

Weren't you screaming the same when the price hit ~260$ two months ago in October and sold like 50 coins and counting? Some people will never learn I guess.

edit: found it

Thanks for finding that BjA post.  he's got a lot of real retarded posts, even though once in a while he will say something that makes sense.

[Andre#]

Bitcoin moves across borders relatively frictionlessly and speedily (10 mins to hours not days). This creates lots of seemingly bizarre global arbitrage opportunities ... the same 9k btc can be sold on a western exchange and back being bid up in china within an hour. Large cross-border fiat settlements take 3-5 business days at best.

Chinese BTC is getting sold on Western exchanges? Shouldn't we be seeing a bit more (as in 'corresponding') volume if that's the case?

.... guess you missed the friday night dump in your razor-sharp focus there? 29k in 3 mins, probably some room for chinese btc in that flood.

It's interesting to look at the relative volumes of that friday night dump (@5.00 CET). On the half hour chart, compare it with the average volume of the four half hours predecessing the dump.

Outside China:
- Bitstamp: dump volume was 5,200 BTC, before that 700 BTC (7.5x)
- Bitfinex: dump volume was 19,500 BTC, before that 3,500 BTC (5.5x)
- BTC-e: dump volume was 2,200 BTC, before that 500 BTC (4.5x)
- Kraken: dump volume was 1,500 BTC, before that 250 BTC (6x)
 
Inside China:
- BTCC: dump volume was 15,000 BTC, before that 6,000 BTC (2.5x)
- Huobi: dump volume was 85,000 BTC, before that 75,000 BTC (1.1x)
- OKCoin: dump volume was 10,000 BTC, before that 30,000 BTC (0.3x)

Clearly, the dump took place in outside China. Don't let the wash Chinese volume blind you.

[TERA]

Over the rally from $350 to $425, the bid walls on bfx steadily grew from 35k to 41k. Now suddenly they are down to 31k. Speculations?

..Omg!!!!!!!!!!!!!  You're =BACK= !!!!

 /bow

How has FX and/or stock trading treated you for these past 18 months' hiatus..? ;p

Still prepping for the apocalypse..? Hehe

I didn't do a whole lot of trading. I was mostly focused on getting my actual career (it's not trading) back together. I did dip my toe into forex and made $1K (I was up $4K at one point). However, I got spooked out with the massive amount of leverage I have to use, especially after that SN-Bomb CHF move in January.

[jaberwock]

Bitcoin moves across borders relatively frictionlessly and speedily (10 mins to hours not days). This creates lots of seemingly bizarre global arbitrage opportunities ... the same 9k btc can be sold on a western exchange and back being bid up in china within an hour. Large cross-border fiat settlements take 3-5 business days at best.

Chinese BTC is getting sold on Western exchanges? Shouldn't we be seeing a bit more (as in 'corresponding') volume if that's the case?

.... guess you missed the friday night dump in your razor-sharp focus there? 29k in 3 mins, probably some room for chinese btc in that flood.

It's interesting to look at the relative volumes of that friday night dump (@5.00 CET). On the half hour chart, compare it with the average volume of the four half hours predecessing the dump.

Outside China:
- Bitstamp: dump volume was 5,200 BTC, before that 700 BTC (7.5x)
- Bitfinex: dump volume was 19,500 BTC, before that 3,500 BTC (5.5x)
- BTC-e: dump volume was 2,200 BTC, before that 500 BTC (4.5x)
- Kraken: dump volume was 1,500 BTC, before that 250 BTC (6x)
 
Inside China:
- BTCC: dump volume was 15,000 BTC, before that 6,000 BTC (2.5x)
- Huobi: dump volume was 85,000 BTC, before that 75,000 BTC (1.1x)
- OKCoin: dump volume was 10,000 BTC, before that 30,000 BTC (0.3x)

Clearly, the dump took place in outside China. Don't let the wash Chinese volume blind you.

Equally in and outside China if you do the math.

Of course the rise in dump volume will be lower in the chinese exchanges because they are bigger

[ChartBuddy]

Coin



Explanation