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

[sarc]

To me, it seems that Bitcoin is resting on the 6mo-exp trendline with low volume, and $.12 is the new $0.005.

There is not much to do then hold (= buy bitcoins with everything that you can spare).

It is becoming unlikely that we'll see $300 this year.

I am fine, thank you.

Even Tony Coleby seems to have given up on that one...

[bclcjunkie]

nice observation... i don't know what continent they are from but it's as though they specifically pick time when trading is less active and mostly bot driven... i guess that's just their strategy to not cause some sort of panic buying and get more time to load up on cheap coins,  next thing they do is support the price with walls and start offloading at a few exchanges during busy times just when US and EU are in prime to buy up the dumps...

During the last weeks, I'm having the strong impression that the new official "market makers" are Chinese.

Just take a look to the times of the day in which big moves happen. It's always deep night in the US (the big buys that propped up the price today happened around midnight NYC time). And then, remember how in March everything "big" happened when the US waked up, including the April, 10th chart. Biggest activity was always during USA daytime.

This changed completely during the last weeks. I'm in Europe, and usually big moves are happening while I'm waking up. And I'm pretty sure there are not many big european players, because the US was always leading the market, and nothing relevant happened in order to shift the "power" to europeans.

On the contrary, just think on the huge amount of coins ASICminer is piling up. Just a friendly reminder, aprox. 15% of the coins rewarded daily (3,600 in total) go to asicminer. Half of that goes to public shareholders. The other half, stays in ASICminers and private shareholders hands. Then, you have the huge revenue stream coming for overpriced hardware sales. They really got a big piece of the pie ATM, and I'm quite sure that piece of the pie was taken from US hands.

What about Avalon? They should be controlling +100kBTC at the moment.

So - what do you think? We can officially say that we have to wait till "China wakes up" from now on?

PS: Coinseeker, I know that hurts... But it is what it is

[neilol]

To me, it seems that Bitcoin is resting on the 6mo-exp trendline with low volume, and $.12 is the new $0.005.

There is not much to do then hold (= buy bitcoins with everything that you can spare).

It is becoming unlikely that we'll see $300 this year.

I am fine, thank you.

Welcome back sir!

[lucas.sev]

It is becoming unlikely that we'll see $300 this year.

TIME TO PANIC

[KS]

To me, it seems that Bitcoin is resting on the 6mo-exp trendline with low volume, and $.12 is the new $0.005.

There is not much to do then hold (= buy bitcoins with everything that you can spare).

It is becoming unlikely that we'll see $300 this year.

I am fine, thank you.

Welcome back!

So, not even $300 by this year? So we can rule out $300,000 per BTC for sure, right?

What a pity...

He said "unlikely", not "not". There is also always 299.99$ and down w/o taking into account the error margin...

Also, is that $300 per mBTC or BTC...?

[fr33d0miz3r]

It is becoming unlikely that we'll see $300 this year.

TIME TO PANIC

$300 per mBTC  

[Rampion]

During the last weeks, I'm having the strong impression that the new official "market makers" are Chinese.

Just take a look to the times of the day in which big moves happen. It's always deep night in the US (the big buys that propped up the price today happened around midnight NYC time). And then, remember how in March everything "big" happened when the US waked up, including the April, 10th chart. Biggest activity was always during USA daytime.

This changed completely during the last weeks. I'm in Europe, and usually big moves are happening while I'm waking up. And I'm pretty sure there are not many big european players, because the US was always leading the market, and nothing relevant happened in order to shift the "power" to europeans.

On the contrary, just think on the huge amount of coins ASICminer is piling up. Just a friendly reminder, aprox. 15% of the coins rewarded daily (3,600 in total) go to asicminer. Half of that goes to public shareholders. The other half, stays in ASICminers and private shareholders hands. Then, you have the huge revenue stream coming for overpriced hardware sales. They really got a big piece of the pie ATM, and I'm quite sure that piece of the pie was taken from US hands.

What about Avalon? They should be controlling +100kBTC at the moment.

So - what do you think? We can officially say that we have to wait till "China wakes up" from now on?

PS: Coinseeker, I know that hurts... But it is what it is

So why Beijing and not Tokyo?
It's just an hour difference and you can safely assume there are lots of people holding coins in Japan , or at least one )))

But , If they target this hour specificaly , how can you rule out their are US traders?
For a few thousands or more dollars most people will stay awake or wake up in the middle of the night!

Well, Satoshi's holdings are public (blockchain anybody?) and not a single coin belonging to him has ever moved. Plus, Satoshi is not Japanese, he is very probably an individual or a group of people living in Ireland/Europe.

If you want to know the "reasons why" of what I'm saying above just use research this forums using the search function.

Then, of course it could be US traders staying awake till 3AM, but it seems unlikely considering that lately all the volume is happening at those times (deep night in the US), while till April (even May) big moves happened always during US daytime, and in fact you could see big spikes on volumes as soon as it was aprox. 9AM in NYC, lasting till aprox 7PM NYC time, when everything calmed down.

Add to this speculation the irrefutable fact that in the last months the two biggest new Bitcoin-superpowers are Chinese (Avalon and ASICminer)

[lucas.sev]

It is becoming unlikely that we'll see $300 this year.

TIME TO PANIC

$300 per mBTC  

If rpietila lost faith in his ultra bullish (verging on bull-shit) stance, it's as if pope said "ok, there is no god"  

[niothor]

Rumors are that this is avalon adress
https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

and the coins are sitting still

[Rampion]

Rumors are that this is avalon adress
https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

and the coins are sitting still

Avalon hasn't got a single BTC address - or you do?. I bought Avalon, and I didn't send BTC to that address.

If you see the amounts, you will see that those payments are for the chips only. And apart the coins on that address Avalon got at least another big chunk from Batch #2 and Batch #3 sales.

[TheKoziTwo]

It is becoming unlikely that we'll see $300 this year.

TIME TO PANIC

$300 per mBTC  

If rpietila lost faith in his ultra bullish (verging on bull-shit) stance, it's as if pope said "ok, there is no god"  

He has been in a mental institution, probably just got a reality check and have now readjusted the target. He is still bullish, and a super node, you, on the other hand, is neither, if I had to guess.

Suuuupppernode lifestyle here we come  

and welcome back rpietila!

[samson]

Rumors are that this is avalon adress
https://blockchain.info/address/1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU

and the coins are sitting still

At the moment.

[Jozzaboy]

To me, it seems that Bitcoin is resting on the 6mo-exp trendline with low volume, and $.12 is the new $0.005.

There is not much to do then hold (= buy bitcoins with everything that you can spare).

It is becoming unlikely that we'll see $300 this year.

I am fine, thank you.

Holy effin' shit. Rpietila is back! I missed you man, no idea what to do with my coins without your guidance. Welcome back!

[lucas.sev]

It is becoming unlikely that we'll see $300 this year.

TIME TO PANIC

$300 per mBTC  

If rpietila lost faith in his ultra bullish (verging on bull-shit) stance, it's as if pope said "ok, there is no god"  

He has been in a mental institution, probably just got a reality check and have now readjusted the target. He is still bullish, and a super node, you, on the other hand, is neither, if I had to guess.

Suuuupppernode lifestyle here we come  

and welcome back rpietila!

I'm bullish, I just believe that we will hit 30 before rebounding to new highs

[TheKoziTwo]

It is becoming unlikely that we'll see $300 this year.

TIME TO PANIC

$300 per mBTC  

If rpietila lost faith in his ultra bullish (verging on bull-shit) stance, it's as if pope said "ok, there is no god"  

He has been in a mental institution, probably just got a reality check and have now readjusted the target. He is still bullish, and a super node, you, on the other hand, is neither, if I had to guess.

Suuuupppernode lifestyle here we come  

and welcome back rpietila!

I'm bullish, I just believe that we will hit 30 before rebounding to new highs

What if you're wrong?

[Rampion]

It is becoming unlikely that we'll see $300 this year.

TIME TO PANIC

$300 per mBTC  

If rpietila lost faith in his ultra bullish (verging on bull-shit) stance, it's as if pope said "ok, there is no god"  

He has been in a mental institution, probably just got a reality check and have now readjusted the target. He is still bullish, and a super node, you, on the other hand, is neither, if I had to guess.

Suuuupppernode lifestyle here we come  

and welcome back rpietila!

I'm bullish, I just believe that we will hit 30 before rebounding to new highs

$30 per mBTC? Rpietila is among us, so we should be sticking to supernode's language. It's a demonstration of respect.

[lucas.sev]

It is becoming unlikely that we'll see $300 this year.

TIME TO PANIC

$300 per mBTC  

If rpietila lost faith in his ultra bullish (verging on bull-shit) stance, it's as if pope said "ok, there is no god"  

He has been in a mental institution, probably just got a reality check and have now readjusted the target. He is still bullish, and a super node, you, on the other hand, is neither, if I had to guess.

Suuuupppernode lifestyle here we come  

and welcome back rpietila!

I'm bullish, I just believe that we will hit 30 before rebounding to new highs

$30 per mBTC? Rpietila is among us, so we should be sticking to supernode's language. It's a demonstration of respect.

mBTC talk is even more annoying than silkroad slagging

[Its About Sharing]

To me, it seems that Bitcoin is resting on the 6mo-exp trendline with low volume, and $.12 is the new $0.005.

There is not much to do then hold (= buy bitcoins with everything that you can spare).

It is becoming unlikely that we'll see $300 this year.

I am fine, thank you.

Welcome back brother! I hope you are doing well. Missed you around here.

And as others have said, your are talking mBTC?

Stay healthy, (watch the mind, don't feed it) & relax...

IAS

[Its About Sharing]

I've watched gold for years and became aware of the large banks shorting it with puts around 12-15 years ago. They have not stopped. (See Gata.org for the details and documentation on this - all a part of the strong US dollar policy).
Anyway, I heard an economist talking on Max Keisser's show and he mentioned "We don't know that the Chinese aren't shorting paper gold. As, they are trying to increase there position."
I found that really interesting. Something obvious I hadn't considered. The "algorithm" might have changed.

Well, look at BTC and the last two starts of these mine crashes, two weekends in a row. Well, it would certainly be easy for someone to sell a larger amount during peak hours, even if they were in China.
So, perhaps someone, or should I say peoples  , is out to make entry "more affordable"  as in the gold example above.
Interesting to think about and makes this "game" all the more dangerous. These markets can move quickly, in either direction and greed is a large force whether or not we personally are in that mindset.
Then again, it makes "business sense" to sell a part of your position to add to it later...

[CryptoMinter]

$30 per mBTC? Rpietila is among us, so we should be sticking to supernode's language. It's a demonstration of respect.

Why not up the ante and go with prices in uBTC? Given the global GDP in 2011 was $68,703,917,456,478 and the BTC market should be as large as the global economy by the end of the year, I'm going to go with $5.7/uBTC.