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

[seanneko]

Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins

lulz i've been paying zero tx fees.. and getting my coins 6/6 in about an hr..from when I send them, I dunno why it got defaulted.. to 0.0 but it did and I've corrected this.

Doesn't it depend on how many BTC you're transferring? I find that large transactions go through straight away with no fee, but smaller transactions require fees (and higher fees depending on how small).

[rpietila]

What a retarded dump. epic failed.

The dumps serve twofold purpose:
- Opportunity to sell many coins at reasonable prices
- Scare effect.

occam says dump = taking profits

We don't need fiat profits.

The ones who are interested in fiat do not have so many coins that they could make a dent in the price. As I told above, dump is either manipulative speculation (I) or nasty manipulative speculation (II).

Remember - manipulators are never out of coins.

Yes but it looks like most of them might have $ signs on atm. That looked more like minnows than a whale, maybe just another shakeout though.

The battle is during the next 24-48 hours. If we can force China to stay below 4000, even better <3000, and make a row of daily red candles in western exchanges, then this was officially a bubble, and a bear market will commence for the remainder of the year. The price is still so high, it is profitable to sell and buy back cheaper -

I invite you to join the BEARS!

[Carra23]

i wonder how long the bear market will last.

What if it never ends?

what if the bubble never ends.

no it ends....

keep dumping your coins! it not over yet!

For real or are you just trolling?

I think it will go to $300, but not now.

lol who said 300

i still think 500 is bottom....

Bottom? It already went below 500. Unless we are differing on the definitions.

When I said it will see $300 I meant for a brief period, possibly in a flash crash.

[oda.krell]

Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins

lulz i've been paying zero tx fees.. and getting my coins 6/6 in about an hr..from when I send them, I dunno why it got defaulted.. to 0.0 but it did and I've corrected this.

Doesn't it depend on how many BTC you're transferring? I find that large transactions go through straight away with no fee, but smaller transactions require fees (and higher fees depending on how small).

Don't feed the trolls.

Of course his tx would have gone through faster had he put in a fee higher than zero :D

[ChartBuddy]

[Wekkel]

The btc payment has got the standard fee included. Heck, even my ftc payment of xx:47 already has 1 confirmation  

[erk]

I know that china and gox have sticky fiat problems.

But a $100 difference between stamp and btce is a real mystery.

BTC-e has low BTC/USD prices pretty much all the time, good for buyers though. If you have fiat in there you can arb between bitstamp or coinbase. (Don't try Gox)

[crazy_rabbit]

Gox is quite a bit lower then Stamp. Maybe what we will get out of all this is more equalised exchange prices.

[rocks]

The ones who are interested in fiat do not have so many coins that they could make a dent in the price. As I told above, dump is either manipulative speculation (I) or nasty manipulative speculation (II).

That's riduculous, you don't need to own the underlying asset to dump it and trash the price. Just look at gold today, lots of bankers are selling paper promises for gold and taking the price down, down, down. To think that you need coins in order to dump the price shows that  you do not understand modern finance.

Or maybe you do understand modern finance and that is why you are here.  

[zoinky]

o_O

[Richy_T]

The btc payment has got the standard fee included. Heck, even my ftc payment of xx:47 already has 1 confirmation  

Default fee was zero last time I tried to send from Bitcoin-qt. Took a while for that one to go through. Could be a bit more friendlier on the UI.

[windjc]

Bitcoin is appreciating at 1140% per year. The trendline price for November is $328 and December $404. After several months of significantly behind the trend, we did a spectacular overshoot to $1100/$900/$750 across main exchanges. Immediately followed an hourly-term bear market, characterized by (mainly) lower highs and lower lows. We are now 40 hours after the pop.

Currently the price is at double the trendtarget. You can stretch a rubber band a lot, but when you release, it starts to contract with force. Force must be applied to reverse the course and stretch it back to 3, 4 or more times the trend. The natural tendency of the rubber band is to contract to the trendline and even 25%-40% below it.

Since this bubble developed so rapidly, the trend had no time to catch up or adjust. Therefore, despite my earlier predictions that the next crash bottom will be $500ish (double the pre-bubble ATH), I will have to adjust the downside target to about $300. This is 33% below December trendline, and also higher than the previous ATH, which will act as support. There are currently not many supports between that and the new high. These will be formed as we grind down.

In my observation, the forum is overextended and cannot buy the price up. "Others" will act according to time-tested statistical principles (refer to 4/2013 bubble pop for details). There will be a bear market lasting for weeks. Many in this forum will not acknowledge it even after it is over It will not be a huge event, and absolutely nothing to care about if you are a long-term holder. But traders do well to understand that sometimes even fiat has its day.

I believe that none of the exchanges surpasses yesterday's high values ($1000/$750/$640) set about 24 hours ago, today or during the remainder of the year, (except Bitstamp at max).

I believe that none of the exchanges surpasses the current values ($700/$630/$600) during the rest of the week, (except for the following hours).

I give 75% probability to the scenario.

Otherwise the common wisdom does not hold, and 2010 is back.

The difference I think you are not accounting for this time is the amount of fiat coming into the exchanges.  You are basically predicting a similar result as April aftermath.  I think this bear market lasts a couple of weeks at the most. I expect a leveling off or upward trend to resume before the end of the year.  Barring game changing bad news, I expect us to enter into a new rapid growth phase within 90 days

[Wekkel]

The btc payment has got the standard fee included. Heck, even my ftc payment of xx:47 already has 1 confirmation  

Default fee was zero last time I tried to send from Bitcoin-qt. Took a while for that one to go through. Could be a bit more friendlier on the UI.

I will check this, thx. Opportunity to dump the last above $500 unsuccessful then 

[Richy_T]

This last bubble may have been a good thing. Might encourage the greenhorns to be a bit cautious bringing their fiat on-board. Bubbles will tend to catch the unwary and the overly greedy.

[gandhibt]

Remember always that whalelish guys like rpietila and nemesis or goat for that matter can troll to get more coins. Rpietila and nemesis has even confessed this.

[Carlor]

Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins

This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero.
If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit.

[TheKoziTwo]

Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins

This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero.
If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit.

Should I sell my bitcoins 

[bassclef]

Remember always that whalelish guys like rpietila and nemesis or goat for that matter can troll to get more coins. Rpietila and nemesis has even confessed this.

I cannot repeat this enough. Watch the tape, read a few books, but as a general rule do not listen to forum advice. This place is a den of iniquity and greed sometimes, with sock puppets, fake accounts and trolls everywhere. Watch where you step.

[Miz4r]

Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins

This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero.
If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit.

Have you even ever purchased something for bitcoin? I have, and it was very fast and it cost me about 0,01 dollar in transaction fees.

[Richy_T]

Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins

This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero.
If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit.

Fees can be trivial.

Perhaps what is needed is for receivers to be able to specify a fraction of the transaction as a fee. I can think of a few different ways that could be done. That would take the onus away from the sender who may be a tightwad (like me )