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

[wachtwoord]

People have been asking me for well over 1 million worth of BTC over the last 2 weeks and that never happens. Some people are paying 10% over gox.

You mean people are asking you to sell BTC for bank T/T on PM here? 1 Mill$ in the last two weeks?
Why would anybody buy OTC so to not influence the price and then offer a spread which makes it lucrative to just sell to him and buy at an exchange at the same time?

Crazy indeed.

Many people have been asking for a lot of coin. Not all offered to pay over gox rate but one guy did at 3000 coins.

I did not ask why but there is demand otc.

Also not one person tried to sell to me.

That is extremely interesting. It goes along with what we are seeing in the BTC market.

Who brought BTC from $65 to the current level? Large traders primarily. There are obviously some big pocketed people out there that see BTC as something.
You know what they say, follow the money...

Yeah I don't know but either one really big guy, or a lot of smaller big guys are fighting for that OTC BTC.  Just about everyone I have ever worked with contacted me recently. This movement up did not shock me at all.

The question that remains however is: How much did you sell? Did you repurchase to bring your stash back up to par?

[vokain]

People have been asking me for well over 1 million worth of BTC over the last 2 weeks and that never happens. Some people are paying 10% over gox.

You mean people are asking you to sell BTC for bank T/T on PM here? 1 Mill$ in the last two weeks?
Why would anybody buy OTC so to not influence the price and then offer a spread which makes it lucrative to just sell to him and buy at an exchange at the same time?

Crazy indeed.

Many people have been asking for a lot of coin. Not all offered to pay over gox rate but one guy did at 3000 coins.

I did not ask why but there is demand otc.

Also not one person tried to sell to me.

Could you please make such information public (best in the form of appealing graphics) so I can buy and sell coins accordingly?

yeah charts or we're not convinced lolol

[molecular]

Maybe someone is trying to ignit a panic buy prior to performing a massive dump ?

maybe people are buying bitcoins because they're cheap

[vokain]

Maybe someone is trying to ignit a panic buy prior to performing a massive dump ?

maybe people are buying bitcoins because they're cheap

11m bitcoins. that's tiny

[Its About Sharing]

People have been asking me for well over 1 million worth of BTC over the last 2 weeks and that never happens. Some people are paying 10% over gox.

You mean people are asking you to sell BTC for bank T/T on PM here? 1 Mill$ in the last two weeks?
Why would anybody buy OTC so to not influence the price and then offer a spread which makes it lucrative to just sell to him and buy at an exchange at the same time?

Crazy indeed.

Many people have been asking for a lot of coin. Not all offered to pay over gox rate but one guy did at 3000 coins.

I did not ask why but there is demand otc.

Also not one person tried to sell to me.

That is extremely interesting. It goes along with what we are seeing in the BTC market.

Who brought BTC from $65 to the current level? Large traders primarily. There are obviously some big pocketed people out there that see BTC as something.
You know what they say, follow the money...

Yeah I don't know but either one really big guy, or a lot of smaller big guys are fighting for that OTC BTC.  Just about everyone I have ever worked with contacted me recently. This movement up did not shock me at all.

Do you think wealthy people are just seeing it as a store of wealth in light of the global economic situation? (And of course you could move the money effortlessly.)

It is interesting, BTC as a store of wealth, considering the small "float" has tremendous potential. But we can'T forget bitcoin as an online payment method.

I get the feeling we are still at the Mosaic Browser stage (analogy to the early days of the internet) and not even at Netscape, but getting much closer.

[lucas.sev]

I sense very bullish sentiment here

[vokain]

I sense very bullish sentiment here

which is bearish, in and of itself, you think?

[molecular]

https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/?bettertitle

(thread: https://bitcointalk.org/index.php?topic=264241.msg2825517#msg2825517)

During the past several months Bitcoin Co. Ltd., in Thailand, has been in the process of registering with the various Thai government agencies in order to operate in a lawful manner.  Included in this due diligence was to reach out to the Bank of Thailand, the governing body that regulates financial transactions in Thailand, and ask for guidance as to any applicable licenses in buying and selling bitcoins.

Initially the Bank of Thailand had bypassed the company’s money exchange license on the basis that Bitcoin was not a currency, however the company was invited back, on July 29th, 2013, to participant in a conference about how Bitcoin works in general, and business operations of Bitcoin Co. Ltd.   The conference was held with about 15 members of the Bank of Thailand in attendance.  During this conference directors of Bitcoin Co. Ltd. gave a presentation about the workings of Bitcoin, the benefits of Bitcoin, incite into the company’s operations and future implications of Bitcoin.

At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets the following Bitcoin activities are illegal in Thailand:

Buying Bitcoins
Selling Bitcoins
Buying any goods or services in exchange for Bitcoins
Selling any goods or services for Bitcoins
Sending Bitcoins to anyone located outside of Thailand
Receiving Bitcoins from anyone located outside of Thailand

Based on such a broad and encompassing advisement, Bitcoin Co. Ltd. therefore has no choice but to suspend operations until such as time that the laws in Thailand are updated to account for the existance of Bitcoin.  The Bank of Thailand has said they will further consider the issue, but did not give any specific timeline.

[lucas.sev]

I sense very bullish sentiment here

which is bearish, in and of itself, you think?

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"

[molecular]

I sense very bullish sentiment here

which is bearish, in and of itself, you think?

sentiment follows price?

[ChartBuddy]

[phoenix1]

I sense very bullish sentiment here

which is bearish, in and of itself, you think?

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"

Does this help ? A little bit of bear for you 

[barbs]

This does smell like a bear trap, and there's also a fucking awesome arb opportunity for those who have any EUR or GBP FIAT against USD

[Tzupy]

IMO due to the discrepancy between the bid sum and ask sum, we should be already knocking at the 105 wall.
We are probably not there yet because there's still strong seller resistance above 102. Maybe tomorrow.

[ChartBuddy]

[derpinheimer]

IMO due to the discrepancy between the bid sum and ask sum, we should be already knocking at the 105 wall.
We are probably not there yet because there's still strong seller resistance above 102. Maybe tomorrow.

Its odd that the price is moving up so slowly. I guess this is a bit like falling thru the 90 wall on the way down to 65. Huge chunk of bids on orderbook eaten, price barely moved. Then all hell broke loose.

[humanitee]

I bought ten more yesterday which is a lot for me. It feel like I'm betting on Gox though, and this I also attribute to the cautiousness of the market.

[Voodah]

I cannot trust a rally in a market where people can't get the USD out.

Except for April, never has the price been more fake and artificial than right now.

That seems so simple and evident to me.

Why is the sentiment so bullish? Did I miss some big piece of news?

[humanitee]

I cannot trust a rally in a market where people can't get the USD out.

Except for April, never has the price been more fake and artificial than right now.

That seems so simple and evident to me.

Why is the sentiment so bullish? Did I miss some big piece of news?

Minus the delay withdrawals everything else is looking solid.

I'm thinking a slight bull run gets Gox out of the bind, which is what I bet on.

[ChartBuddy]