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

[aepfel]

maybe gox slowly loosing his 51% power...

[Its About Sharing]

Makes you wonder what it's gonna take to get the price moving up. If this, Webmoney, paypal founder's investment, and gyft among other good news didn't do much, what do we need?

Really, it seems at this point we are waiting for an Amazon/Paypal or the like to jump on. The China news and Russian Pay pal will probably affect the volume some.

A sure fire thing, which is inevitable imo, is another Cypress like event happening. When that happens we probably don't look back...

Do you realize you're sounding like a doctor waiting for an epidemic just to get more patients?

Have you checked productivity rates? Real inflations rates? Unemployment rates? Economic difficulties in Spain, Greece, Italy, Cypress, Ireland, and on an on?

Your analogy has a way of missing what it is that is happening in the world around us, an oversimplification of sorts. If you don't see it then I suggest you look a bit harder. We are getting closer and closer to a tipping point, essentially that is what I see happening.

The epidemic is here, but the world health organization refuses to acknowledge it, after all the stock markets are going up! 

[Its About Sharing]

Makes you wonder what it's gonna take to get the price moving up. If this, Webmoney, paypal founder's investment, and gyft among other good news didn't do much, what do we need?

Really, it seems at this point we are waiting for an Amazon/Paypal or the like to jump on. The China news and Russian Pay pal will probably affect the volume some.

A sure fire thing, which is inevitable imo, is another Cypress like event happening. When that happens we probably don't look back...

There was no Cypress event.

People in Cypress with over 100k in their banks are having their money stolen at a rate of around 80% - 90% (not clear yet). Further they took 400 million of their gold (an artificially reduced rate due to the naked short selling). In addition the people of Cypress are STILL not allowed to withdraw more than 300 Euros a day. Hey mom, can I have some more money? LOL

Cypress was merely the canary in the cage falling over. Now, are the miners listening or watching CNN and seeing that the economy is all well?

[samson]

Makes you wonder what it's gonna take to get the price moving up. If this, Webmoney, paypal founder's investment, and gyft among other good news didn't do much, what do we need?

Really, it seems at this point we are waiting for an Amazon/Paypal or the like to jump on. The China news and Russian Pay pal will probably affect the volume some.

A sure fire thing, which is inevitable imo, is another Cypress like event happening. When that happens we probably don't look back...

There was no Cypress event.

People in Cypress with over 100k in their banks are having their money stolen at a rate of around 80% - 90% (not clear yet). Further they took 400 million of their gold (an artificially reduced rate due to the naked short selling). In addition the people of Cypress are STILL not allowed to withdraw more than 300 Euros a day. Hey mom, can I have some more money? LOL

Cypress was merely the canary in the cage falling over. Now, are the miners listening or watching CNN and seeing that the economy is all well?

People might take you slightly more seriously if you could even spell the name of the country correctly.

[bitcodo]

Have you checked productivity rates? Real inflations rates? Unemployment rates? Economic difficulties in Spain, Greece, Italy, Cypress, Ireland, and on an on?

And bitcoin will solve all those problems?

[niothor]

Makes you wonder what it's gonna take to get the price moving up. If this, Webmoney, paypal founder's investment, and gyft among other good news didn't do much, what do we need?

Really, it seems at this point we are waiting for an Amazon/Paypal or the like to jump on. The China news and Russian Pay pal will probably affect the volume some.

A sure fire thing, which is inevitable imo, is another Cypress like event happening. When that happens we probably don't look back...

Do you realize you're sounding like a doctor waiting for an epidemic just to get more patients?

Have you checked productivity rates? Real inflations rates? Unemployment rates? Economic difficulties in Spain, Greece, Italy, Cypress, Ireland, and on an on?

Your analogy has a way of missing what it is that is happening in the world around us, an oversimplification of sorts. If you don't see it then I suggest you look a bit harder. We are getting closer and closer to a tipping point, essentially that is what I see happening.

The epidemic is here, but the world health organization refuses to acknowledge it, after all the stock markets are going up!  

My point is that YOU seem so happy and eager for something like this to happen

Ps. it's Cyprus not Cypress ...why do you keep messing with their name?

[Rampion]

Makes you wonder what it's gonna take to get the price moving up. If this, Webmoney, paypal founder's investment, and gyft among other good news didn't do much, what do we need?

Really, it seems at this point we are waiting for an Amazon/Paypal or the like to jump on. The China news and Russian Pay pal will probably affect the volume some.

A sure fire thing, which is inevitable imo, is another Cypress like event happening. When that happens we probably don't look back...

There was no Cypress event.

People in Cypress with over 100k in their banks are having their money stolen at a rate of around 80% - 90% (not clear yet). Further they took 400 million of their gold (an artificially reduced rate due to the naked short selling). In addition the people of Cypress are STILL not allowed to withdraw more than 300 Euros a day. Hey mom, can I have some more money? LOL

Cypress was merely the canary in the cage falling over. Now, are the miners listening or watching CNN and seeing that the economy is all well?

I agree with most of your posts in here, but not regarding the Cyprus situation - I'm sure that the Cyprus (not Cyprees, BTW) impact on the BTC price was just speculative mania. I can guarantee you that a negligible amount of Cyprus citizens were able to throw money to BTC. You know, BTC is a lengthy process: first you need to understand, and then you start to use a little money to buy BTC. It's not an easy process, as there are both intellectual and technical barriers.

The boost in price after Cyprus was just driven by a few individuals holding fiat in BTX exchanges, who considered this was "positive" news for BTC, and started buying more BTCs driving the price up.

[samson]

The boost in price after Cyprus was just driven by a few individuals holding fiat in BTX exchanges, who considered this was "positive" news for BTC, and started buying more BTCs driving the price up.

It certainly wasn't driven by anyone in Cyprus as the bank accounts were all frozen. We can be 100% sure of that.

[Rampion]

The boost in price after Cyprus was just driven by a few individuals holding fiat in BTX exchanges, who considered this was "positive" news for BTC, and started buying more BTCs driving the price up.

It certainly wasn't driven by anyone in Cyprus as the bank accounts were all frozen. We can be 100% sure of that.

Yeah, that's for sure, not only because the bank accounts were frozen, but also because you just do not quickly throw significant money to BTC if you never bought BTC before - you just don't have the means to do it.

[Rampion]

Gotta love stability

[wilfried]

rigor mortis

[niothor]

The boost in price after Cyprus was just driven by a few individuals holding fiat in BTX exchanges, who considered this was "positive" news for BTC, and started buying more BTCs driving the price up.

It certainly wasn't driven by anyone in Cyprus as the bank accounts were all frozen. We can be 100% sure of that.

Yeah, that's for sure, not only because the bank accounts were frozen, but also because you just do not quickly throw significant money to BTC if you never bought BTC before - you just don't have the means to do it.

I think that during those weeks most people would have turned to gold/jewelry if they had the money to do so. It would be far more comprehensible.

[Piper67]

I think it bears repeating that a stable price is not really stable at all when you consider that 3600 new coins are minted every day. It takes new money pouring in to keep the price stable.

[niothor]

I think it bears repeating that a stable price is not really stable at all when you consider that 3600 new coins are minted every day. It takes new money pouring in to keep the price stable.

You're assuming those 3600 coins are being sold not kept.

[solex]

I think it bears repeating that a stable price is not really stable at all when you consider that 3600 new coins are minted every day. It takes new money pouring in to keep the price stable.

You're assuming those 3600 coins are being sold not kept.

Perhaps friedcat will disclose whether he is keeping them or not 

[arklan]

I think it bears repeating that a stable price is not really stable at all when you consider that 3600 new coins are minted every day. It takes new money pouring in to keep the price stable.

You're assuming those 3600 coins are being sold not kept.

Perhaps friedcat will disclose whether he is keeping them or not 

of course he isn't. he pays them out as dividends.

[solex]

I think it bears repeating that a stable price is not really stable at all when you consider that 3600 new coins are minted every day. It takes new money pouring in to keep the price stable.

You're assuming those 3600 coins are being sold not kept.

Perhaps friedcat will disclose whether he is keeping them or not  

of course he isn't. he pays them out as dividends.

Who has most of the shares?

[el_rlee]

So what's everybody blathering about? A rally is coming?

[ChartBuddy]

[Coinseeker]

Volume is getting lower and lower at Gox.

We may soon have to troll on the "Wall Observer - Bitstamp wall movement tracker - Hardcore" thread?

After the painfully verification/trust process at Gox, it would be major PITA to go through the same process with another exchange - but anyhow we really need to get rid of MtGox's dangerous centralization.

I just hope that better infrastructure arrives ASAP, I'm still not loving Bitstamp too much, and liquidity is still too low (but it is improving).

It looks to me like the price gap between Gox & Bitstamp is closing. Gox is happily soaking up all the "returning asks". Once we are close to parity, the spring will be ready to uncoil...

For bulls only (bears stop reading NOW)

((Stop reading you naughty bear..))

 

I don't see any reason to suggest we're going down.  BitStamp coins are refusing to sell at the lower prices and are just holding.  It's a clear standoff.  It's going up when we breakthough. 

OMG...did I just say....it's going up?