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

[Coinseeker]

Paint drying tracker...

Braindump:

When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?

Currency volume is at its lowest this year.

Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.

Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway

Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?

Were you at the conference? If you had been I don't think you would think we were in a "hibernation period" more things are happening now then ever. The good news is that the exchange rate is becoming less and less an indicator of how much in bitcoin world is happening. In reality TONS of things are going on that isn't related to the exchange rate. Bitcoin is more active then ever.

That's the entire purpose of a conference, is to make people think "things are happening".  I won't read much into it until I actually "see" things happening.  

Back on the exchange front...there is continued pressure to move higher but that wall at 123, doesn't want to move for anything.  Maybe as the rest of America wakes up, they may see the push into 123 and shift their positions.

[Piper67]

Wall update: General Franco is still dead.

Then again, it's Wednesday 

[DougTanner]

Slowly breaking upwards? Super-low volume though.

If this low volume continues there won't be enough people to buy all the coins the ASIC miners are constantly selling off.

[samson]

That's the entire purpose of a conference, is to make people think "things are happening".  I won't read much into it until I actually "see" things happening.  

Back on the exchange front...there is continued pressure to move higher but that wall at 123, doesn't want to move for anything.  Maybe as the rest of America wakes up, they may see the push into 123 and shift their positions.

It peaked at $125 last friday now it's stagnating and propped up on low volume.

Up, up, up  

[Miz4r]

The Bitcoin barometer is becoming quite bullish on the 2h and 4h timescale, I think we're going to shift gears soon.

[samson]

The Bitcoin barometer is becoming quite bullish on the 2h and 4h timescale, I think we're going to shift gears soon.

Up, up and away. How can it go wrong !

[Miz4r]

Up, up and away. How can it go wrong !

Now now, what's up with the sarcasm? Do you want the price to stay stable forever at $120? We are all craving for some movement here.

[arklan]

Up, up and away. How can it go wrong !

Now now, what's up with the sarcasm? Do you want the price to stay stable forever at $120? We are all craving for some movement here.

honestly? i'd be ok with that.

[Zephir]

Maybe we see some movement today.
Now, the Ask Wall on bitstamp is more than 2500BTC smaller than yesterday.

[MickeyT2008]

It's 8.53am in New York, I wonder if the bulls there will be coming out to play today?

[ChartBuddy]

[thoughtfan]

...
Were you at the conference? If you had been I don't think you would think we were in a "hibernation period" more things are happening now then ever. The good news is that the exchange rate is becoming less and less an indicator of how much in bitcoin world is happening. In reality TONS of things are going on that isn't related to the exchange rate. Bitcoin is more active then ever.

That's the entire purpose of a conference, is to make people think "things are happening".  I won't read much into it until I actually "see" things happening.  

That to me looks like more a cynical response than a sceptical one.  Whether or not you believe there is reason to be hopeful for the future of Bitcoin there is plenty of evidence that some people do.  In which case can you not see it would be a reasonable to expect such people to want to meet to talk about what's new and to be in the company of like-minded people?

And regarding your wanting to 'see' what's happening if the price is less of an indicator where are you expecting to be 'seeing' evidence that things are happening?

[Its About Sharing]

Paint drying tracker...

Braindump:

When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?

Currency volume is at its lowest this year.

Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.

Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway

Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?

Were you at the conference? If you had been I don't think you would think we were in a "hibernation period" more things are happening now then ever. The good news is that the exchange rate is becoming less and less an indicator of how much in bitcoin world is happening. In reality TONS of things are going on that isn't related to the exchange rate. Bitcoin is more active then ever.

That's the entire purpose of a conference, is to make people think "things are happening".  I won't read much into it until I actually "see" things happening.  

Back on the exchange front...there is continued pressure to move higher but that wall at 123, doesn't want to move for anything.  Maybe as the rest of America wakes up, they may see the push into 123 and shift their positions.

Ahhh, there is the coinseeker we all know and...
Come on now, you are putting BTC and the a lot of the community behind it in a negative light with statements like the bolded above.

If you want to see what is actually happening just follow the bitcoinchannel.com - One of the more interesting bits of news from Bitpay was 6 days ago: "Back in March I noted that the company was putting up mind-boggling growth rate numbers.  Incredibly, the tremendous growth rate continues as they added another 1,900 merchants in April and are currently signing up around 100 additional merchants a day.  " http://www.zerohedge.com/news/2013-05-16/peter-thiel-gets-bitcoin-bug

[Its About Sharing]

Slowly breaking upwards? Super-low volume though.

If this low volume continues there won't be enough people to buy all the coins the ASIC miners are constantly selling off.

As long as our volume is minimally what it has been lately, I don't see it a problem selling off 3600 coins a day (Plus, who says all those coins are sold off. I'd bet they are not). If there is any problem, it is liquidity in Bitcoins.
The price stability lately is actually quite telling...

[Coinseeker]

That to me looks like more a cynical response than a sceptical one.  Whether or not you believe there is reason to be hopeful for the future of Bitcoin there is plenty of evidence that some people do.  In which case can you not see it would be a reasonable to expect such people to want to meet to talk about what's new and to be in the company of like-minded people?

I said nothing about what people "want" to do, I spoke on the purpose of conventions.  To build hype and excitement.  Doesn't mean there's anything truly "happening", then again dosen't mean there isn't either.  Hence the reason I said when I "see" something happening.

And regarding your wanting to 'see' what's happening if the price is less of an indicator where are you expecting to be 'seeing' evidence that things are happening?

If price is an indicator of the convention, as you're alluding to, I'd say the convention was flat and low on volume.     Obviously you enjoyed the convention...that's great.  Don't get snippy because I didn't break out the pom-pom's.

[Coinseeker]

Paint drying tracker...

Braindump:

When was the last time you were ready to answer the question, "So what's the price of Bitcoin then?" and could answer confidently WITHOUT checking the chart?

Currency volume is at its lowest this year.

Several days of stability with dwindling volume has happened once before this year around $48, then leading to a second wind for the spike to $200+.

Me I've been mining LTC, a little FTC. Doing real world things, perhaps this is good, been getting better quality of sleep anyway

Can Bitcoin survive another hibernation period? Should we welcome it? Am I assuming too much again and is this merely the intermission before an exciting Act III?

Were you at the conference? If you had been I don't think you would think we were in a "hibernation period" more things are happening now then ever. The good news is that the exchange rate is becoming less and less an indicator of how much in bitcoin world is happening. In reality TONS of things are going on that isn't related to the exchange rate. Bitcoin is more active then ever.

That's the entire purpose of a conference, is to make people think "things are happening".  I won't read much into it until I actually "see" things happening.  

Back on the exchange front...there is continued pressure to move higher but that wall at 123, doesn't want to move for anything.  Maybe as the rest of America wakes up, they may see the push into 123 and shift their positions.

Ahhh, there is the coinseeker we all know and...
Come on now, you are putting BTC and the a lot of the community behind it in a negative light with statements like the bolded above.

If you want to see what is actually happening just follow the bitcoinchannel.com - One of the more interesting bits of news from Bitpay was 6 days ago: "Back in March I noted that the company was putting up mind-boggling growth rate numbers.  Incredibly, the tremendous growth rate continues as they added another 1,900 merchants in April and are currently signing up around 100 additional merchants a day.  " http://www.zerohedge.com/news/2013-05-16/peter-thiel-gets-bitcoin-bug

You guys are so sensitive, it's like talking with a bunch of girls who just finished watching "The Notebook".  I've been in sales a long time and have been to countless conventions.  They are just shows people.  They don't mean anything.  You look for what traction comes from those conventions, not the actual convention itself.  It's a networking opportunity, display your products and you follow up on leads, from that convention/show.  It means nothing, if nothing comes out of it...and that's why I said "see".  Sheesh.

[ChartBuddy]

[icekiss]

a 1000BTC ASK wall just appeared at 123 on mt.gox  

If it does not get pulled it is enough to reverse our current slow upward creep...

[Coinseeker]

a 1000BTC ASK wall just appeared at 123 on mt.gox 

Someone really doesn't want this to go up do they?

[el_rlee]

a 1000BTC ASK wall just appeared at 123 on mt.gox 

Someone really doesn't want this to go up do they?

ChartBuddy where are you when you are needed?