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

[Sitarow]

Not sure if everyone seen this however I will post it again for those just tuning in.

Maybe this has something to do with the change in market sentiment towards BTC true value.

One can speculate that this effort to slow down capital movement out of the US as a measure taken by the fed in order for their future plans come feb 2014.

UHCU start this on October 19
HSBC make the change on October 20


https://www.uhcu.org/Site-Alerts/Member-Notification

Effective October 19, 2013, United Heritage Credit Union will no longer provide wire transfer services (remittances) to locations outside the United States.

HSBC
http://www.economicpolicyjournal.com/2013/10/shock-hsbc-usa-joins-chase-in-limiting.html?utm_source=twitterfeed&utm_medium=twitter

Credit Union
Outgoing International Wires Discontinued October 1, 2013
Beginning October 1, 2013, VyStar Credit Union will no longer accept and process outgoing international wire transfers.

http://www.vystarcu.org/home/news/current/intwires



1st national bank texas

Foreign Wire Transfers: Due to recent regulatory changes, effective 10/1/13, FNBT/FCB will no longer offer foreign wire transfer services through Internet Banking or in banking centers.
https://online.1stnb.com/LoginAdv.aspx

[ChartBuddy]

[DougTanner]

Wow, Bitstamp is about to pass $200.

[ShroomsKit]

No, we go up for about 2 - 3 more days IMO. Well, it depends on volume, if it's really high we can
peak and crash tomorrow, if it's low we can slowly climb for a week, and then crash.

You just don't get it, do you?

Last time I sold at 209.95, IMO 210 was the top on Gox, and now we are going to drop.

Anyway, just continue. Nothing brings me more joy than watching jokers like you and Rampion lose their coins because they think they know it all.

[DougTanner]

$200

[strawbs]

Anyway, just continue. Nothing brings me more joy than watching jokers like you and Rampion lose their coins because they think they know it all.

I wouldn't normally waste time on taking issue with this sort of thing, but in the few months that I've been using this forum, I've seen that all of your posts are derogatory and not in the slightest bit constructive.  You sound like a whining teenager.  Consider yourself added to my ignore list.

[MoreFun]

I hope you guys slept well yesterday cause today you won't.

[MAbtc]

Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.

maybe there is a service called "baidu trends"?

Zero trade fees in china is fueling this pump/fake-rally.

Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market.

It's pretty easy to fake volume when there are no financial constraints to doing so. Don't you think? A single whale can repeatedly buy and sell his own coins. (That's not to say the market won't roll over him or that this is what is happening)

Sure you can manipulate volume. How will that help in manipulating price?

You don't think manipulating volume can affect price action? Re price manipulation, that would depend on how much of the coins/fiat on the exchange is controlled by the whale. Is it impossible that one could drive up the inter-exchange rate this way? Or would he just be run over by arbitrage? I don't really know, I'm just brainstorming...

Volume manipulation can only affect price within the spread. I suppose it could indirectly affect price by screwing over other daytrader's indicators, but I don't think they could reliably do so in a way that would actually cause a defined trend in one direction.

I figured that large manipulation of volume could skew indicators-- possibly could indicate a lot of buying pressure that is not real. Which in turn, could affect price action. Sort of talking out of my ass here, though.

[Adrian-x]

I hope you guys slept well yesterday cause today you won't.

LOL I love sleep and this is denying me that pleasure.

[gandhibt]

I can sniff a small correction just about behind the corner, not big thou.

[hlynur]

Anyway, just continue. Nothing brings me more joy than watching jokers like you and Rampion lose their coins because they think they know it all.

I wouldn't normally waste time on taking issue with this sort of thing, but in the few months that I've been using this forum, I've seen that all of your posts are derogatory and not in the slightest bit constructive.  You sound like a whining teenager.  Consider yourself added to my ignore list.

+1

@shroomskit: is your avatar pic deliberately showing self-mockery or just a coincidence?

[derpinheimer]

Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.

maybe there is a service called "baidu trends"?

Zero trade fees in china is fueling this pump/fake-rally.

Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market.

It's pretty easy to fake volume when there are no financial constraints to doing so. Don't you think? A single whale can repeatedly buy and sell his own coins. (That's not to say the market won't roll over him or that this is what is happening)

Sure you can manipulate volume. How will that help in manipulating price?

You don't think manipulating volume can affect price action? Re price manipulation, that would depend on how much of the coins/fiat on the exchange is controlled by the whale. Is it impossible that one could drive up the inter-exchange rate this way? Or would he just be run over by arbitrage? I don't really know, I'm just brainstorming...

Volume manipulation can only affect price within the spread. I suppose it could indirectly affect price by screwing over other daytrader's indicators, but I don't think they could reliably do so in a way that would actually cause a defined trend in one direction.

I figured that large manipulation of volume could skew indicators-- possibly could indicate a lot of buying pressure that is not real. Which in turn, could affect price action. Sort of talking out of my ass here, though.

No, you're right. Its why CampBX isnt important. If they went to $500 it wouldnt effect the other markets at all.

However, if they went to $300, but the volume was 20k... then, others would react. So, if BTCChina volume is "mostly real", then its being followed properly. If its mostly fake due to zero fees, then this rally is on something that is not as it seems.

[bassclef]

Anyway, just continue. Nothing brings me more joy than watching jokers like you and Rampion lose their coins because they think they know it all.

I wouldn't normally waste time on taking issue with this sort of thing, but in the few months that I've been using this forum, I've seen that all of your posts are derogatory and not in the slightest bit constructive.  You sound like a whining teenager.  Consider yourself added to my ignore list.

+1

@shroomskit: is your avatar pic deliberately showing self-mockery or just a coincidence?

His reputation precedes him. I recognize shroomskit from another forum where he was equally as obnoxious.

[Gabi]

I agree with sitarow, the new USA regulation about international wire transfer is a serious thing

and we recommend that you use this time to research alternative means to send funds to foreign locations

For example bitcoin 

[Zephir]

Anyway, just continue. Nothing brings me more joy than watching jokers like you and Rampion lose their coins because they think they know it all.

I wouldn't normally waste time on taking issue with this sort of thing, but in the few months that I've been using this forum, I've seen that all of your posts are derogatory and not in the slightest bit constructive.  You sound like a whining teenager.  Consider yourself added to my ignore list.

I like shroomsy´s hate comments.
He took the advice from Blitz, Rampion and others and sold on the way down to 65$, then he got burnt.

I can see it in front of my closed eyes, everytime he see a posting from some of them, his pulse is going to 180, he gets red and begins to snuffle.

Very amusing everytime.

[MoreFun]

The whale is still on toilet... C'mon 

We are waiting for you to crush this $220.

[DougTanner]

I can sniff a small correction just about behind the corner, not big thou.

As you requested.

[derpinheimer]

yes and a 300 btc sell would take us back to 213, waiting for someone to do it

There it is, after about 900.

[prophetx]

Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.

maybe there is a service called "baidu trends"?

Zero trade fees in china is fueling this pump/fake-rally.

Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market.

It's pretty easy to fake volume when there are no financial constraints to doing so. Don't you think? A single whale can repeatedly buy and sell his own coins. (That's not to say the market won't roll over him or that this is what is happening)

Sure you can manipulate volume. How will that help in manipulating price?

You don't think manipulating volume can affect price action? Re price manipulation, that would depend on how much of the coins/fiat on the exchange is controlled by the whale. Is it impossible that one could drive up the inter-exchange rate this way? Or would he just be run over by arbitrage? I don't really know, I'm just brainstorming...

No one can arb using an exchange located in a country that has capital controls!!!  Go ahead try to move fiat money out of China... and you thought Gox was hard...

[theonewhowaskazu]

Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.

maybe there is a service called "baidu trends"?

Zero trade fees in china is fueling this pump/fake-rally.

Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market.

It's pretty easy to fake volume when there are no financial constraints to doing so. Don't you think? A single whale can repeatedly buy and sell his own coins. (That's not to say the market won't roll over him or that this is what is happening)

Sure you can manipulate volume. How will that help in manipulating price?

You don't think manipulating volume can affect price action? Re price manipulation, that would depend on how much of the coins/fiat on the exchange is controlled by the whale. Is it impossible that one could drive up the inter-exchange rate this way? Or would he just be run over by arbitrage? I don't really know, I'm just brainstorming...

No one can arb using an exchange located in a country that has capital controls!!!  Go ahead try to move fiat money out of China... and you thought Gox was hard...

I'm pretty sure people can arb. After all lots of the people who have money in stuff like OKPay & LibertyReserve were Chinese. Obviously if you can get money into those types of things you can use similar approaches to arb.