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

[Ares]

I'm amazed the price has been so stable with the DDoS or whatever going on for so long. Volume is really really low.

Bitcoin is not just some fancy virtual casino for you to play in. It's supposed to be a currency. For it to succeed at that, people need to build services around it. That is very hard for them to do when the price is all over the place. Large swings could cost them a lot of money or even make them illiquid. Without goods and services, Bitcoins value will be zero.

Bitcoins price rise is a process of pulling bitcoins from early adopters in a slow but steady process. Bubbles and busts, though inevitable, (especially when governments do stupid things) do not aid in the process.

I have nothing about speculators but realize there's a long game at play here for many of us.

There has been a ton of good news recently (new exchanges, Coinbase getting 5mil, Gyft now allowing you to buy giftcards for yourself or other with bitcoin, and more), and the price hasn't even budged. Makes you wonder what it's going to take to get the ball rolling.

[fitty]

Last 13 hours or so. Bids >= 100.0 going up. Asks <= 124.0 going down. Pressure slowly building.  

Date		Bid		Change		Ask		Change
2013-05-09.10:55		29,520				30,047
2013-05-09.11:15		29,078		-1.50%		29,981		-0.22%
2013-05-09.11:35		29,556		+1.64%		30,251		+0.90%
2013-05-09.11:55		29,644		+0.30%		30,333		+0.27%
2013-05-09.12:15		30,095		+1.52%		30,368		+0.12%
2013-05-09.12:35		29,987		-0.36%		29,937		-1.42%
2013-05-09.12:55		30,094		+0.36%		29,893		-0.15%
2013-05-09.13:15		30,321		+0.75%		29,431		-1.55%
2013-05-09.13:35		30,172		-0.49%		29,310		-0.41%
2013-05-09.13:55		30,536		+1.21%		29,464		+0.53%
2013-05-09.14:15		30,801		+0.87%		29,641		+0.60%
2013-05-09.14:35		30,805		+0.01%		29,907		+0.90%
2013-05-09.14:55		31,322		+1.68%		29,745		-0.54%
2013-05-09.15:15		31,061		-0.83%		30,206		+1.55%
2013-05-09.15:35		31,323		+0.84%		30,563		+1.18%
2013-05-09.15:55		31,393		+0.22%		30,562		+0.00%
2013-05-09.16:15		31,497		+0.33%		30,143		-1.37%
2013-05-09.16:35		31,423		-0.23%		30,465		+1.07%
2013-05-09.16:55		30,888		-1.70%		30,044		-1.38%
2013-05-09.17:15		31,251		+1.18%		29,575		-1.56%
2013-05-09.17:35		31,432		+0.58%		29,982		+1.38%
2013-05-09.17:55		31,809		+1.20%		30,001		+0.06%
2013-05-09.18:15		31,662		-0.46%		29,866		-0.45%
2013-05-09.18:35		31,645		-0.05%		29,500		-1.23%
2013-05-09.18:55		31,754		+0.34%		29,269		-0.78%
2013-05-09.19:15		31,806		+0.16%		29,621		+1.20%
2013-05-09.19:35		31,734		-0.23%		29,575		-0.16%
2013-05-09.19:55		31,894		+0.50%		28,505		-3.62%
2013-05-09.20:15		31,727		-0.52%		28,655		+0.53%
2013-05-09.20:35		31,552		-0.55%		28,701		+0.16%
2013-05-09.20:55		31,638		+0.27%		28,694		-0.02%
2013-05-09.21:15		31,563		-0.24%		29,025		+1.15%
2013-05-09.21:35		31,587		+0.08%		29,085		+0.21%
2013-05-09.21:55		31,969		+1.21%		29,057		-0.10%
2013-05-09.22:15		32,488		+1.62%		29,093		+0.12%
2013-05-09.22:35		32,292		-0.60%		29,079		-0.05%
2013-05-09.22:55		32,615		+1.00%		28,903		-0.61%
2013-05-09.23:15		32,447		-0.52%		28,601		-1.04%
2013-05-09.23:35		32,025		-1.30%		28,766		+0.58%
2013-05-09.23:55		31,436		-1.84%		28,861		+0.33%

[ChartBuddy]

[Ares]

Y'all hear that? Like music to my ears

[fitty]

nonomnomnommnomnom coinz!

[Richy_T]

good point.
Oh yeah, my first HD 7970 OC arrives tomorrow.... my output will triple now

OK, not speculation, and should be in the mining thread, but I will be speculating the BTC I mine.

For the love of me I cannot figure out how to mine. Got a user friendly guide?

Step 1: locate time machine.

[rezurect]

[Richy_T]

OK guys, (and gals), I am dead surprised that no one has done this before. And with some apparently naive attempts to shake the tree being perpetrated by some low post-count users, I though it was time to remedy the situation. So to raise our spirits and encourage us all to endure, I present, finally...

[fitty]

That's just the market depth messing up. It corrects itself next refresh. (it's a bitcoinity problem, not the api)

[Richy_T]

More I learn about this world more enticing starting an exchange becomes.

Already have the legal and accounting resources.  Any developers out there interested in a project please pm me.  Based in Canada.

Good luck (sincerely). Not something I would want to work on as I think it would likely be a quagmire but the more exchanges we can have out there, the better.

I think the biggest issue you will run into will be banks finding any way they can to close your funding options down. If you can figure out a way to do that, it's like a license to print money (oh, wait).

[fitty]

OK guys, (and gals), I am dead surprised that no one has done this before. And with some apparently naive attempts to shake the tree being perpetrated by some low post-count users, I though it was time to remedy the situation. So to raise our spirits and encourage us all to endure, I present, finally...

Sausage fest. Sorta like Bitcoin I suppose.

You want to raise spirits? Chinese Fiat in da house baby! Look out! China is coming for you!

[rezurect]

That's just the market depth messing up. It corrects itself next refresh. (it's a bitcoinity problem, not the api)

Sorry its btc-e

[fitty]

That's just the market depth messing up. It corrects itself next refresh. (it's a bitcoinity problem, not the api)

Sorry its btc-e

Ahh sorry. The MtGox depth sometimes glitches and looks like that. *lol* Aggressive walls however. 

[Richy_T]

it looks like it drop straight down!
but 18.33 has alot of history, price should definitely bounce off that resistance line ( if it ever gets their )

now i'm not going to invest in silver... that would be stupid, because bitcoin.
I just want to hold some of it because i think it looks nice.
I'm also looking for some good looking solid brass pieces

I was thinking of getting a little junk because y'know, EMP, magnetic field reversal, biological attacks, nuclear strike, hyperinflation, oil crisis, Fema camps, megaquake, zombie apocalypse and all that. I guess I'll probably hold off, looking at that graph. Do you think it might make 18.33 before Coinageddon!!! though?

[fitty]

i love asia

Asia knows how to do things right. Most airlines in Asia have a policy where flight attendants are 26 years old or younger. Once you hit 27, GTFO of view and go sit behind a desk. Here we're stuck with 50 year old hags who are constantly pissed off.  

[Frozenlock]

i love asia

How many BTCs to get one of those shipped to my address? 

[fitty]

i love asia

How many BTCs to get one of those shipped to my address?  

Trust me, less then you think. *lol*

Edit: Chinese frined of mine was from a very traditional family. Went back to China when he was 26, family set up arranged married. He walks into room of about 30 girls, picks the one he likes, marries her and brings her back to the USA. Cost about 10k. Two week trip.

[Frozenlock]

A quick trip to reddit.
Most people think the price stabilized.

They are in for a surprise...

[UltimateReaper]

i love asia

How many BTCs to get one of those shipped to my address?  

Trust me, less then you think. *lol*

Edit: Chinese frined of mine was from a very traditional family. Went back to China when he was 26, family set up arranged married. He walks into room of about 30 girls, picks the one he likes, marries her and brings her back to the USA. Cost about 10k. Two week trip.

There is something very sad about that story.

[fitty]

Bids >= 108 Asks <= 116. Bids are moving much closer to the edge, Asks slightly up.

Date		Bid		Change		Ask		Change
2013-05-09_10:55		3,811				5,723
2013-05-09_11:15		3,856		+1.18%		5,739		+0.28%
2013-05-09_11:35		4,068		+5.50%		5,949		+3.66%
2013-05-09_11:55		4,159		+2.24%		6,017		+1.14%
2013-05-09_12:15		4,536		+9.06%		6,064		+0.78%
2013-05-09_12:35		4,387		-3.28%		5,823		-3.97%
2013-05-09_12:55		4,541		+3.51%		5,712		-1.91%
2013-05-09_13:15		4,815		+6.03%		5,511		-3.52%
2013-05-09_13:35		4,756		-1.23%		5,696		+3.36%
2013-05-09_13:55		4,895		+2.92%		5,758		+1.09%
2013-05-09_14:15		5,202		+6.27%		5,768		+0.17%
2013-05-09_14:35		5,135		-1.29%		5,924		+2.70%
2013-05-09_14:55		5,841		+13.75%		5,699		-3.80%
2013-05-09_15:15		5,534		-5.26%		6,159		+8.07%
2013-05-09_15:35		5,579		+0.81%		6,522		+5.89%
2013-05-09_15:55		5,525		-0.97%		6,549		+0.41%
2013-05-09_16:15		5,612		+1.57%		6,149		-6.11%
2013-05-09_16:35		5,455		-2.80%		6,330		+2.94%
2013-05-09_16:55		4,369		-19.91%		6,468		+2.18%
2013-05-09_17:15		4,734		+8.35%		6,505		+0.57%
2013-05-09_17:35		4,828		+1.99%		6,825		+4.92%
2013-05-09_17:55		5,163		+6.94%		6,713		-1.64%
2013-05-09_18:15		5,024		-2.69%		6,578		-2.01%
2013-05-09_18:35		4,968		-1.11%		6,619		+0.62%
2013-05-09_18:55		5,086		+2.38%		6,634		+0.23%
2013-05-09_19:15		5,139		+1.04%		6,917		+4.27%
2013-05-09_19:35		4,992		-2.86%		6,897		-0.29%
2013-05-09_19:55		5,171		+3.59%		6,783		-1.65%
2013-05-09_20:15		5,005		-3.21%		6,946		+2.40%
2013-05-09_20:35		5,207		+4.04%		7,038		+1.32%
2013-05-09_20:55		5,197		-0.19%		7,120		+1.17%
2013-05-09_21:15		5,202		+0.10%		7,508		+5.45%
2013-05-09_21:35		5,164		-0.73%		7,657		+1.98%
2013-05-09_21:55		5,220		+1.08%		7,796		+1.82%
2013-05-09_22:15		5,399		+3.43%		7,657		-1.78%
2013-05-09_22:35		5,238		-2.98%		7,578		-1.03%
2013-05-09_22:55		5,671		+8.27%		7,460		-1.56%
2013-05-09_23:15		5,347		-5.71%		7,068		-5.25%
2013-05-09_23:35		4,974		-6.98%		7,014		-0.76%
2013-05-09_23:55		4,926		-0.97%		7,121		+1.53%
2013-05-10_00:15		5,289		+7.37%		6,335		-11.04%
2013-05-10_00:35		5,307		+0.34%		6,390		+0.87%
2013-05-10_00:55		5,752		+8.39%		6,399		+0.14%