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

[Chainsaw]

I'm reading your posts right now...

Wanted to respond real quick to this

But the piece that didn't fit was the remarkable lack of volume or volatility after Gox came back up.

Could it be a egg/chick argument? Couldn't artificial stability result in lack of volume?
I mean one thing that keeps me from selling in spite of bad news  is when the prices seem to remain steady. Calms people, less volume.

I think I understand what you proposed: Because market participants see large volume on each side supporting price, they are less apt to trade.
Assuming that's what you meant...I completely agree. But the order book profile would have to fit. To make the extreme case - it would be a 100k bid wall at 116.80 and a 100k ask wall at 116.81.

When you looked closely at the order book, I thought it was unique - the order book was more heavily loaded, farther away from the current price point.  I interpreted this as a preparation for an explosive breakout from the price channel, when it occurred, in either direction.  People were preparing on both sides.  I know I was.

So to go back to your question - yes I think it is possible, but in this case, I don't think the bid/ask volumes were what prevented price movement. There was a pretty standard <1000 bitcoins needed to move the price a dollar in either direction. (Except for a brief period with a 3.5k ask wall)  The price could have moved, about as easily as pre-crash. It just didn't.

[fr33d0miz3r]

[Coinseeker]

[Ares]

[rpietila]

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

[N12]

Thanks for sharing your market analysis out of the psychiatry, reptilia. 300k USD until Christmas!

I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of.

[rpietila]

Thanks for sharing your market analysis out of the psychiatry, reptilia. 300k USD until Christmas!

I assume, no pun intended.

It may go to $5000 at the peak of the valuation bubble; long term $300 is sustainable.

[drdanishkhan]

Thanks for sharing your market analysis out of the psychiatry, reptilia. 300k USD until Christmas!

I assume, no pun intended.

It may go to $5000 at the peak of the valuation bubble; long term $300 is sustainable.

missed your comments man.. hows the psychiatry ward??? Feel safe??

[adamstgBit]

Thanks for sharing your market analysis out of the psychiatry, reptilia. 300k USD until Christmas!

I assume, no pun intended.

It may go to $5000 at the peak of the valuation bubble; long term $300 is sustainable.

missed your comments man.. hows the psychiatry ward??? Feel safe??

i've been there when i was young. ( it was a young people psy ward )
their not much to say
the food is ok
you have no privacy
you can only leave if the doctor says you can
you have timed smoke breaks
random arts and craft during the week
and you may request a "chill pill" whenever you want
 

[bobdude17]

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

As in you are taking back the 300k prediction?

[Jaroslaw]

Thanks for sharing your market analysis out of the psychiatry, reptilia. 300k USD until Christmas!

I assume, no pun intended.

It may go to $5000 at the peak of the valuation bubble; long term $300 is sustainable.

Go back to mental instytution

[Zangelbert Bingledack]

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

As in you are taking back the 300k prediction?

He's talking about mBTC. In other words a million dollars per bitcoin as peak valuation.

[bobdude17]

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

As in you are taking back the 300k prediction?

He's talking about mBTC. In other words a million dollars per bitcoin.

Ah, forgot. Thanks.

[molecular]

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

Rpietila selling Bitcoin in the psych ward.

I have to admit I like his style.

Edit: hope you get better soon.

[solex]

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

As in you are taking back the 300k prediction?

This patient is desperate to buy Bitcoin as soon as he is in a position to do so:

[notme]

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

Rpietila selling Bitcoin in the psych ward.

I have to admit I like his style.

Or are we the psych ward?

[molecular]

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

Rpietila selling Bitcoin in the psych ward.

I have to admit I like his style.

Or are we the psych ward?

Lol. Dr. Rpietila, I need my daily dose of Bitcoin bull talk, quick.

[notme]

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

Rpietila selling Bitcoin in the psych ward.

I have to admit I like his style.

Or are we the psych ward?

Lol. Dr. Rpietila, I need my daily dose of Bitcoin bull talk, quick.

The patient has experienced an account seizure, 50cc of fiat, stat.

[ChartBuddy]

[HerrDoktor]

Wow what happened ? I was away for a mere single day and instead of the Dwolla FUD price is back to 118 and rpietila is in a psychiatry ward ? Guess once you get involved with Bitcoin there is no more space for RL. This is madness