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

[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?

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

You can't think of anything more insightful but my spelling?

So, which logical fallacy does this fall under? Am I guilty by association, na, probably Ad Hominem - Attacking the individual instead of the argument.

Thanks for your well thought out rebuttal.

[1714920218]

1714920218

[1714920218]

1714920218

[Rampion]

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?  

[Dargumin]

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?   

Who's this guy and what have you done with coinseeker!

(p.s. based on the inaccuracy of your recent predictions I'm taking this as a a bearish signal!)

[Rampion]

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?   

Who's this guy and what have you done with coinseeker!

(p.s. based on the inaccuracy of your recent predictions I'm taking this as a a bearish signal!)

It is a bearish signal for sure: SELL SELL SELL!!

[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!  

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?

I wouldn't confuse happiness with a well researched expectation, due to an understanding of economics. The current system cannot continue in its current state. Few would disagree with that. I am not looking forward at all to people suffering due to an economic collapse (or the like). But sometimes you have to take a few steps backward before once again going forward. Can you really not see the world state as to not be able to put a picture together? Yeah yeah, quantitative easing (inflation bordering on hyperinflation - by definition) is going to lead us out of the bad the bankers led us to to begin with. When is enough enough?

Yeah, I know it is Cyprus, must have been many years ago when I listened to Cypress Hill - got to my spelling.

Really, when individuals care more about spelling than arguments, that is quite telling to agendas.

[Rampion]

Crazy selling pressure at Bitstamp

[Miz4r]

Coinseeker is using reverse psychology on us now, he knows we don't trust his judgment and will do the opposite of anything he says. Yeah I'm on to him, I'm going to buy 5k coins now on Bitstamp brb.

[Coinseeker]

 @ Rampion    Love that pic.  Want to hang it on my wall.

You guys are finally starting to loosen up.  That's good!  My recent predictions have been quite accurate, so maybe it's actually going up.  

Come on in...the waters great...or...maybe...

Coinseeker is using reverse psychology on us now, he knows we don't trust his judgment and will do the opposite of anything he says. Yeah I'm on to him, I'm going to buy 5k coins now on Bitstamp brb.

 

At least we'd have some freaking action.

[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?

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.

I am not saying the Cyprus thing is not speculative but more importantly, beyond the speculation it is a sign of economic times. This "speculation" is a bit more than mere speculation. It is based on banks failing and many more banks being on a precipice of failure. We are talking about monetary systems that have been responsible for much suffering in the world. They appear to be being challenged with BTC. I'm not saying BTC will come out on top, but it does appear to be bringing some change with it being let out of the bag.

I understand the citizens of Cypress are not buying (nor able to buy) BTC, for the most part. I would only say that BTC is a part of something much bigger and is not an answer to a problem. Rather I see it as an intermediary step to get away from centrally controlled money. We still have the problem of power via money. Baby steps...

It will take time for BTC to be ready for the masses, but we are moving quickly. Just think of AOL in the early days of the internet. It didn't take much at all. And here we are talking about money, capitalism, oddly enough, will help spread BTC...

Man, three people have corrected my Cyprus spelling, I'm really sorry guys. eheheh

[niothor]

I understand the citizens of Cypress ......


Man, three people have corrected my Cyprus spelling, I'm really sorry guys. eheheh

We're trying... and trying.. )))

[Its About Sharing]

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.

The price is not stable as a reflection of the current economic situation. If things were fine with the dollar and Euro, BTC would be at less than $1 still. Stability has ZERO to do with 3600 coins added daily. We are talking about a market in the billions and perhaps trillions with a float of 11 million shares currently. Many would argue we need more liquidity (not decimal places) to make BTC more attractive at current prices.

[samson]

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

A rally will come, however I believe there will be a bit of a dip before it does. Maybe it needs a huge dip to get things going again.

[awakening]

Is $123 the new $13?

...

[Its About Sharing]

Crazy selling pressure at Bitstamp

Doesn't that mean that the asks (left side) would require light volume to go up and the sells would require heavier volume to move the price due to the steepness of the slope???

[ChartBuddy]

[DougTanner]

Very stable long-weekened. Looks like things will start to get interesting tomorrow (or this afternoon maybe).

Or who knows, this could be the beginning of a new era of stability.

[Rampion]

Crazy selling pressure at Bitstamp

Doesn't that mean that the asks (left side) would require light volume to go up and the sells would require heavier volume to move the price due to the steepness of the slope???

It's the opposite. The bids are on the left side, and you would need a heavy volume to take the price up, while you would need a very light volume to push the price down significantly.

Anyhow, it seems that asks are stable, nobody is dumping, everybody is patiently waiting for their asks to be filled.

[dexX7]

Anyhow, it seems that asks are stable, nobody is dumping, everybody is patiently waiting for their asks to be filled.

Since Dwolla zero movement, they are harmless.

[Coinseeker]

Anyhow, it seems that asks are stable, nobody is dumping, everybody is patiently waiting for their asks to be filled.

That means there is tremendous confidence out there.  No one really seems to think the sky will be falling soon.  I better step up my FUD game.  

[FNG]

Crazy selling pressure at Bitstamp

It may look bad but $1.1mil takes out the entire red line. Not exactly "crazy"