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

[hlynur]

so looks like the show is over ... what now? 

kudos to that bilateral humour  ,
last episode is sitting on my disk ready to watch, perfect for closure of an exciting evening. 

[Tzupy]

If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.

[derpinheimer]

If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.

Its 20kBTC away from $110 after touching it twice hours ago. Seems unlikely.

[Argwai96]

If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.

Its 20kBTC away from $110 after touching it twice hours ago. Seems unlikely.

meh, that logic only works if gox leads. if bitstamp leads, with its depth.....

[Pompobit]

imo I would still be cautious.  SR accounted for ~300-400 million in revenue a year for bitcoins.  Much of which was from fresh money being brought in by customers.  I don't know of anything else in the same stratosphere in terms of bringing in money into the network.  SR was/is a big deal.  Will there be other sites to take its place?  Sure.. but to what extent they will fill that void remains to be seen.  Also will customers/vendors of these sites be weary about jumping back into this market?

Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand.

Buyers bought btc, sellers sold btc to buy product.

*
this

[Tzupy]

I don't mean immediately. But there's the potential to drop again tomorrow.
Right now the price has peaked and I'm curious to see how low will the limited drop be.
Should give me a hint about the final bottom.

[btcontilt]

fasten your seatbelts!

[Argwai96]

If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.

Its 20kBTC away from $110 after touching it twice hours ago. Seems unlikely.

meh, that logic only works if gox leads. if bitstamp leads, with its depth.....

stamp dropping fast from 110, now 102........ it will lead the next drop;......

edit: btc-e at 98 and the fun begins!!!! 

[derpinheimer]

If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.

Its 20kBTC away from $110 after touching it twice hours ago. Seems unlikely.

meh, that logic only works if gox leads. if bitstamp leads, with its depth.....

stamp dropping fast from 110, now 102........ it will lead the next drop;......

Sure hope so.

imo I would still be cautious.  SR accounted for ~300-400 million in revenue a year for bitcoins.  Much of which was from fresh money being brought in by customers.  I don't know of anything else in the same stratosphere in terms of bringing in money into the network.  SR was/is a big deal.  Will there be other sites to take its place?  Sure.. but to what extent they will fill that void remains to be seen.  Also will customers/vendors of these sites be weary about jumping back into this market?

Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand.

Buyers bought btc, sellers sold btc to buy product.

*
this

By this atrocious logic, bitcoin could be valued at$1 and be a useful currency.

No. The bigger the operation, the more money it needs to function, even with no net gain loss.

[Walsoraj]

Nice to see daily volume over 100,000 again 

[Argwai96]

btc-e just hit 95...... wonder where we go from here. 

[hlynur]

imo I would still be cautious.  SR accounted for ~300-400 million in revenue a year for bitcoins.  Much of which was from fresh money being brought in by customers.  I don't know of anything else in the same stratosphere in terms of bringing in money into the network.  SR was/is a big deal.  Will there be other sites to take its place?  Sure.. but to what extent they will fill that void remains to be seen.  Also will customers/vendors of these sites be weary about jumping back into this market?

Bitcoin doesn't earn revenue, and SR was mostly neutral for supply and demand.

Buyers bought btc, sellers sold btc to buy product.

*
this

from an economical standpoint the impact isn' that hard. i read in one of the SRbust threads that only about 10% of monthly transaction volume came from SR and I'm quite sure not every buyer used gox or bitstamp.
SR was a good opportunity for the first wave of worldwide spread but economy has grown up and is so much more versatile today.
I'm sure decentralisation in SR's marketsector is a good sign in the same sense as gox volume is slowly evening out with other exchanges.

i'd still be surprised if this short rumble is already over until tomorrow
this is such a perfect situation for a whale to have some fun...

[ChartBuddy]

[Dhuum]

 

[N12]

Nice to see daily volume over 100,000 again 

Wow, I didn't notice until now. Major volume.

[hlynur]

Nice to see daily volume over 100,000 again  

Wow, I didn't notice until now. Major volume.

perhaps a totally dumb newbquestion:
bitcoinccharts down for me, and according to
http://data.bitcoinity.org/#ccbcdfdfaa
we had 175.000 volume  
while
http://bitcoinwisdom.com/markets/mtgox/btcusd
says 100.000 (or doesn't V: stand for volume in this case?)

any other reliable source?

[N12]

I haven't inspected either right now, but it might just be because of differing timezones presuming you are looking at daily candles.

[derpinheimer]

Nice to see daily volume over 100,000 again  

Wow, I didn't notice until now. Major volume.

perhaps a totally dumb newbquestion:
bitcoinccharts down for me, and according to
http://data.bitcoinity.org/#ccbcdfdfaa
we had 175.000 volume  
while
http://bitcoinwisdom.com/markets/bitstamp/btcusd
says 56.000 (or doesn't V: stand for volume in this case?)

any other reliable source?

Gox 106000
Bitstamp 57000

[hlynur]

Nice to see daily volume over 100,000 again  

Wow, I didn't notice until now. Major volume.

perhaps a totally dumb newbquestion:
bitcoinccharts down for me, and according to
http://data.bitcoinity.org/#ccbcdfdfaa
we had 175.000 volume  
while
http://bitcoinwisdom.com/markets/bitstamp/btcusd
says 56.000 (or doesn't V: stand for volume in this case?)

any other reliable source?

Gox 106000
Bitstamp 57000

sorry just corrected...too much beer  

edit:
still where comes this huge difference?
http://data.bitcoinity.org/#cckcdfdeaa
says 80000 for bitstamp. (perhaps site is still in alpha status...  )

[byronbb]

Just got home from work. Wowowowowow SR gone, bitcoin crashing. The only logic in selling is that everyone else is.