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

[thoughtfan]

Lawd almighty..  4,800btc volume over 24hrs.

Sure everyone else is watching the rabbit in the room..  

I'll bet Coinbase had more 24hr volume.

Meh, I've got an eye on Stamp and BTCChina, too... but have found they still don't lead as much as Gox. Especially Bitstamp.

Where gox does 'lead' it appears to me to lead like a dog on a retracting leash these days!  It might run on (or suddenly double back) enthusiastically but will soon be pulled up and has to look round to see if the others are following.  And the aggregate of the others appear not to be blindly following.  Often they will follow but sometimes they'll just say 'neh' so gox just wags its tail, forgets where it thought it wanted to go a minute ago and bounds off again in another (or the same) direction

[ChartBuddy]

[calian]

I see the last few days' stability as  the bitcoin train sitting at a station while people are getting on and off. Someday it will leave the station. For a quick hit of nostalgia remember the proudhon song: http://www.youtube.com/watch?v=A7TuFy0fcuw

[rpietila]

Leveraged Positions should raise volatility, because they up directional volume in the short term, and then crash it when people are forced to cover.

Leveraged positions should lower volatility, because the people do not aim to lose all their money, rather make more. Using leverage, they can smooth out the market moves with greater amount of capital than what they possess.

That people with no theoretical framework on what they are doing, and <5 years of trading experience use leverage, cannot end well.

[ChartBuddy]

[TERA]

I see the last few days' stability as  the bitcoin train sitting at a station while people are getting on and off. Someday it will leave the station. For a quick hit of nostalgia remember the proudhon song: http://www.youtube.com/watch?v=A7TuFy0fcuw

All aboard!

[ChartBuddy]

[molecular]

How do bulls feel if we don't break $216 here? Looking like a triple top, then, yes?

I use fundamentals.

[ChartBuddy]

[molecular]

I'm still thinking the next major news to move the price will not be BTC news. Nothing has been fixed in the world economies and it's just a matter of time until yet another shoe drops.

I think Bitcoin can use a little more time to develop usability and services before shit hits the fan in a big way.

[molecular]

in theory all the leveraged positions should lower volatility.

yeah, until they don't and the margin calls happen. See late 2011.

[molecular]

I have a theory. There is a big player slowly accumulating bitcoins across all of the exchanges. Basically there is a very big, invisible bid wall.

yeah, blind bears... don't you see it? don't you SEE it?

[Sword Smith]

I'm still thinking the next major news to move the price will not be BTC news. Nothing has been fixed in the world economies and it's just a matter of time until yet another shoe drops.

I think Bitcoin can use a little more time to develop usability and services before shit hits the fan in a big way.

It is never a good time for the sht to hit the fan. But the longer Bitcoin experiences organic growth, the better.

[ChartBuddy]

[calian]

I'm still thinking the next major news to move the price will not be BTC news. Nothing has been fixed in the world economies and it's just a matter of time until yet another shoe drops.

I think Bitcoin can use a little more time to develop usability and services before shit hits the fan in a big way.

It is never a good time for the sht to hit the fan. But the longer Bitcoin experiences organic growth, the better.

So we'll need more than just one ATM to replace the current global banking system then?

[molecular]

I'm still thinking the next major news to move the price will not be BTC news. Nothing has been fixed in the world economies and it's just a matter of time until yet another shoe drops.

I think Bitcoin can use a little more time to develop usability and services before shit hits the fan in a big way.

It is never a good time for the sht to hit the fan. But the longer Bitcoin experiences organic growth, the better.

So we'll need more than just one ATM to replace the current global banking system then?

We don't need any ATMs.

[stereotype]

I'm still thinking the next major news to move the price will not be BTC news. Nothing has been fixed in the world economies and it's just a matter of time until yet another shoe drops.

I think Bitcoin can use a little more time to develop usability and services before shit hits the fan in a big way.

It is never a good time for the sht to hit the fan. But the longer Bitcoin experiences organic growth, the better.

So we'll need more than just one ATM to replace the current global banking system then?

Paradoxically, that would look like a run on BTC, with the length of that que!

[ChartBuddy]

[spooderman]

Bid depth doing well. Nice consolidation

[NewLiberty]

I have a theory. There is a big player slowly accumulating bitcoins across all of the exchanges. Basically there is a very big, invisible bid wall.

There are more than one.