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

[lebing]

Appears that USD exchanges are just getting out of the way of the chinese stampede.

It could just be that what appears to be the chinese could just be daytraders. Seriously, when I daytrade I like 0 fees, and I don't intend to withdraw USD anyway, so who cares if its yuan-denominated instead?

dont be stupid.

nice gfx, but impossible to read, its merely guesing which color belongs to which exchange

http://data.bitcoinity.org/#caaaabdfaa

[1714673580]

1714673580

[1714673580]

1714673580

[1714673580]

1714673580

[seleme]

This is just fucking mental...

I have only 2 explanations:

1. Someone knows Senate will be gentle

2: Someone want the price as higher as possible for dumping on it if Senate would not be gentle.

[strawbs]

nice gfx, but impossible to read, its merely guesing which color belongs to which exchange

http://data.bitcoinity.org/#caaaabdfaa

Yup, the colours aren't the easiest to interpret.  Might be more helpful if the smaller exchanges were all grouped into "other" and greater distinction made between the colours of the major exchanges.

[N12]

This is not mental. This is Bitcoin.

This has happened before, it is now happening again.

[seleme]

This is not mental. This is Bitcoin.

This has happened before, it is now happening again.

Happening on 5$ or 50$ is different thing than on 500$.

[theonewhowaskazu]

What the senate says makes negative difference. What makes a difference is we're nearing $532, the official doubling point from the last ATH. Lets see if we can break it.

[N12]

This is not mental. This is Bitcoin.

This has happened before, it is now happening again.

Happening on 5$ or 50$ is different thing than on 500$.

No.

Although 50 million to 500 million is different to 500 million to 5 billion in market cap for sure.

[strawbs]

This is just fucking mental...

I have only 2 explanations:

1. Someone knows Senate will be gentle

2: Someone want the price as higher as possible for dumping on it if Senate would not be gentle.

I don't think the Chinese (or the Europeans or anyone else for that matter) really care much about what the Senate does

[byronbb]

no more coins on gox beyond 550. but i still have no idea how next week will play out …

$25 million on Gox on orderbook vs 12k BTC. ATH and ATL respectively. If Gox USD issues are as real as people say, the PANIC buying to move out BTC at considerable loss could be epic.

[theonewhowaskazu]

nice gfx, but impossible to read, its merely guesing which color belongs to which exchange

http://data.bitcoinity.org/#caaaabdfaa

Yup, the colours aren't the easiest to interpret.  Might be more helpful if the smaller exchanges were all grouped into "other" and greater distinction made between the colours of the major exchanges.

The top green is gox, the bottom green is finex. The rest should be rather self explanatory.

[JTrain_51]

Amazing how a thread can have so many post

Great work!

[seleme]

This is just fucking mental...

I have only 2 explanations:

1. Someone knows Senate will be gentle

2: Someone want the price as higher as possible for dumping on it if Senate would not be gentle.

I don't think the Chinese (or the Europeans or anyone else for that matter) really care much about what the Senate does

Everybody cares about it as the outcome of it will have an impact on the price. Good or bad.

[theonewhowaskazu]

This is just fucking mental...

I have only 2 explanations:

1. Someone knows Senate will be gentle

2: Someone want the price as higher as possible for dumping on it if Senate would not be gentle.

I don't think the Chinese (or the Europeans or anyone else for that matter) really care much about what the Senate does

Everybody cares about it as the outcome of it will have an impact on the price. Good or bad.

Its another one of those silk-road type scenarios.

-> Nobody cares about an event, except the impact that event will have on price.
-> That event will have no impact on price, unless people care about it.

It will either cause a short-term bubble (of the real variety) or a short term crash, depending on how people want to spin it this time. Unless something really weird happens like the government actually deciding on something, the long-term effect will be 0 on pretty much anything.

[strawbs]

nice gfx, but impossible to read, its merely guesing which color belongs to which exchange

http://data.bitcoinity.org/#caaaabdfaa

Yup, the colours aren't the easiest to interpret.  Might be more helpful if the smaller exchanges were all grouped into "other" and greater distinction made between the colours of the major exchanges.

The top green is gox, the bottom green is finex. The rest should be rather self explanatory.

Obviously.  But having fourteen colours in the key when the chart really only shows four major players. My geography teacher would have had a stroke.

[theonewhowaskazu]

nice gfx, but impossible to read, its merely guesing which color belongs to which exchange

http://data.bitcoinity.org/#caaaabdfaa

Yup, the colours aren't the easiest to interpret.  Might be more helpful if the smaller exchanges were all grouped into "other" and greater distinction made between the colours of the major exchanges.

The top green is gox, the bottom green is finex. The rest should be rather self explanatory.

Obviously.  But having fourteen colours in the key when the chart really only shows four major players. My geography teacher would have had a stroke.

Then only care about the players you can see?

[strawbs]

This is just fucking mental...

I have only 2 explanations:

1. Someone knows Senate will be gentle

2: Someone want the price as higher as possible for dumping on it if Senate would not be gentle.

I don't think the Chinese (or the Europeans or anyone else for that matter) really care much about what the Senate does

Everybody cares about it as the outcome of it will have an impact on the price. Good or bad.

Will it?  I beg to differ.  We'll see tomorrow I suppose.

[tarmi]

Looks like this is buying in anticipation of the Senate hearing which big players are betting will be bullish.

The Senate hearing is bullish. Period.

No matter what they say, I say that a public senate hearing about bitcoin is already a success and its already priced in.

[seleme]

This is just fucking mental...

I have only 2 explanations:

1. Someone knows Senate will be gentle

2: Someone want the price as higher as possible for dumping on it if Senate would not be gentle.

I don't think the Chinese (or the Europeans or anyone else for that matter) really care much about what the Senate does

Everybody cares about it as the outcome of it will have an impact on the price. Good or bad.

Its another one of those silk-road type scenarios.

-> Nobody cares about an event, except the impact that event will have on price.
-> That event will have no impact on price, unless people care about it.

It will either cause a short-term bubble (of the real variety) or a short term crash, depending on how people want to spin it this time. Unless something really weird happens like the government actually deciding on something, the long-term effect will be 0 on pretty much anything.

Mostly agree though USA going to full dick mode wold have a big impact. Don't think it will happen though, certainly not tomorrow.

[justusranvier]

This is not mental. This is Bitcoin.

This has happened before, it is now happening again.

The last few weeks we're increasing at rates that have not happened since early 2011.

[theonewhowaskazu]

This is just fucking mental...

I have only 2 explanations:

1. Someone knows Senate will be gentle

2: Someone want the price as higher as possible for dumping on it if Senate would not be gentle.

I don't think the Chinese (or the Europeans or anyone else for that matter) really care much about what the Senate does

Everybody cares about it as the outcome of it will have an impact on the price. Good or bad.

Its another one of those silk-road type scenarios.

-> Nobody cares about an event, except the impact that event will have on price.
-> That event will have no impact on price, unless people care about it.

It will either cause a short-term bubble (of the real variety) or a short term crash, depending on how people want to spin it this time. Unless something really weird happens like the government actually deciding on something, the long-term effect will be 0 on pretty much anything.

Mostly agree though USA going to full dick mode wold have a big impact. Don't think it will happen though, certainly not tomorrow.

I think the chances of senators doing pretty much anything at this point is currently 0. Each senator does what they think will either (A) get them more money or (B) get them more votes. Going full dick mode on Bitcoin has the potential to do neither, and even some non-bitcoiners will view it as increased government spying (read: nobody likes the NSA) which certainly won't help that senator's popularity. About the most they'll do is say stuff like "yeah, we need to make sure it doesn't allow people to buy heroin" and not actually do anything because doing something would actually take some effort.