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

[samson]

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

 

Cause a lot of ppl are worried about all of gox's assets  getting frozen and price increases there being panic buying to transfer off.

Really ? What people ?

[KillaMarci]

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

 

Cause a lot of ppl are worried about all of gox's assets  getting frozen and price increases there being panic buying to transfer off.

There's definitely tension in the air. Lots of panic selling as soon as there's even a slight downturn on Gox...

[BitcoinAshley]

Ok , let's hold the bulls a bit and be serious , with facts
NIKKEI is way higher than it was one month ago , even with the drop , ( not 12%) and currently is running green at +0.9%.

Let's not get into another Cyprus story

You think the NIKKEI can just drop >7% in one day and then recover the next day as if nothing has happened? Everyone has seen how much the stock market is built on hot air and how unstable it is, we have definitely not seen the last of this dip.

NIKKEI wall observer thread 

edit: I agree with Miz4r. NIKKEI 225 is not bitcoin, niothor. 7% swings are not routine; in fact, they are quite alarming in the current market environment. Bitcoin behaves like a penny stock so it's OK to pass off huge swings by saying "Oh it's still higher than it was a month ago." The NIKKEI is what we call a "real world market" with "big boys" and "real companies" and "real exchanges that don't suck" Not as simple as just ignoring a 7% dump like we can do with bitcoin.

[Miz4r]

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

 

I wouldn't call a $1-2 drop shitting themselves. MtGox dropped by $2 dollars as well so fast and twitchy fingers on Bitstamp will sell immediately to make a quick buck. Besides it takes more fiat to drive up the price on Bitstamp than it takes bitcoins to drive the price down. Bid side is pretty thin close to the market price.

[samson]

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

 

Cause a lot of ppl are worried about all of gox's assets  getting frozen and price increases there being panic buying to transfer off.

There's definitely tension in the air. Lots of panic selling as soon as there's even a slight downturn on Gox...

Not on Gox there isn't

[KillaMarci]

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

 

Cause a lot of ppl are worried about all of gox's assets  getting frozen and price increases there being panic buying to transfer off.

There's definitely tension in the air. Lots of panic selling as soon as there's even a slight downturn on Gox...

Not on Gox there isn't

Yeah I only meant Bitstamp.

[dexX7]

As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

 

It will be all good. The gap between Bitstamp and Gox is way smaller now. And take a look at this and this.

[stereotype]

Watching this thing attempt to go over 132 is like watching the birth of a baby.


PUUUUSH! Cmon' PUUUUUUUUUUUUUUUSSSSHHHHHHH!!!!

Congratulations on the bouncing baby bitcoin boy.

[ManBearPig]

Found a new blue line I like the look of very much

[ChartBuddy]

[ElectricMucus]

Found a new blue line I like the look of very much

Do you realize that the closing price of a daily candle is kind of arbitrary when it comes to trend lines?

[adamstgBit]

Found a new blue line I like the look of very much

Do you realize that the closing price of a daily candle is kind of arbitrary when it comes to trend lines?

the drop to 50 was dumb so it doesn't count   

[Frozenlock]

Found a new blue line I like the look of very much

Do you realize that the closing price of a daily candle is kind of arbitrary when it comes to trend lines?

the drop to 50 was dumb so it doesn't count   

The rise to $266 was the dumb one. 

[icekiss]

There's definitely tension in the air. Lots of panic selling as soon as there's even a slight downturn on Gox...

Pah, I am still wating for the "panic selling". bitstamp seems hardly to have noticed that mt.gox is not charging ahead anymore...

[ElectricMucus]

Found a new blue line I like the look of very much

Do you realize that the closing price of a daily candle is kind of arbitrary when it comes to trend lines?

the drop to 50 was dumb so it doesn't count  

uhhh...

[icekiss]

bitstamp:
Mini ask wall (240BTC) at 129.39
significant, because this is the first thing to move the price on bitstamp down from the daily high of 129.9

bitstamp sometimes really does require patience, more so than mt.gox...

[molecular]

Or it could just be: volume was low for a while. now it is high again. normally volume gets high when price moves.

But, yes, "insider trading" is more likely

Brilliant analysis...

on the other hand: aren't we all insiders?

[icekiss]

bitstamp: ask wall (barely shrunken to 230BTC) moved down to 128.75
mt.gox: looks like we will fall below 131

[KillaMarci]

Sold @129.5 on Bitstamp. Knew something was not right here.

[Frozenlock]

Weeeeeeee!