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

[crazy_rabbit]

I think it's pretty nice to see that it took us a bit over a day to recover from a massive 10K sell. This isn't April or 2011, this was just the market absorbing an enormous dump. Not enormous enough however to really crash the market, considering the sell took us down to where we were less then two weeks ago. Color me impressed/happy.

[philip2000uk]

That's what I call innovation. Our Greek government still kisses EU & IMF's ass for another 1bn Euro loan... pfft

Then how about  stop getting loans , and actually paying the ones already taken ?

USA and UK are in Debt too you know.  The g'ment thrive off debt, the rich get richer from it.  Watch Keiser report and you'll see that. 

[hannesnaude]

Historical highs and lows compared using rpietila's trendline:

      Date        Price  / Trend  = x%       (Factor)
Lows  2011-11-17    1.99 /   2.05 =   97.11% (1 /  1.03)
      2012-08-19    7.58 /  13.90 =   54.52% (1 /  1.83)
      2013-04-16   50.01 /  74.30 =   67.31% (1 /  1.49)
      2013-07-05   65.42 / 129.59 =   50.48% (1 /  1.98)
Highs 2011-06-08   31.91 /   0.67 = 4780.29% (1 * 47.80)
      2012-01-05    7.22 /   2.87 =  251.38% (1 *  2.51)
      2012-08-17   15.04 /  13.71 =  109.67% (1 *  1.10)
      2013-04-10  266.00 /  71.22 =  373.48% (1 *  3.73)
      2013-11-19  900.98 / 333.86 =  269.87% (1 *  2.70)

This looks interesting - but what does it mean?

The average bubble is 3.12 times the trendline

> x <- c(47.8, 2.51, 1.1, 3.73, 2,7)
> summary(x)
   Min. 1st Qu.  Median    Mean 3rd Qu.    Max.
  1.100   2.128   3.120  10.690   6.182  47.800

No, that's wrong. If by "average" you mean median and by "bubble" you mean the 5 highs you have included in your data set, then mental arithmetic shows that the answer should be 2.7. Your software gave the wrong answer because you entered ...3.73, 2,7) instead of ...3.73, 2.7)

[tonico]

Historical highs and lows compared using rpietila's trendline:

      Date        Price  / Trend  = x%       (Factor)
Lows  2011-11-17    1.99 /   2.05 =   97.11% (1 /  1.03)
      2012-08-19    7.58 /  13.90 =   54.52% (1 /  1.83)
      2013-04-16   50.01 /  74.30 =   67.31% (1 /  1.49)
      2013-07-05   65.42 / 129.59 =   50.48% (1 /  1.98)
Highs 2011-06-08   31.91 /   0.67 = 4780.29% (1 * 47.80)
      2012-01-05    7.22 /   2.87 =  251.38% (1 *  2.51)
      2012-08-17   15.04 /  13.71 =  109.67% (1 *  1.10)
      2013-04-10  266.00 /  71.22 =  373.48% (1 *  3.73)
      2013-11-19  900.98 / 333.86 =  269.87% (1 *  2.70)

This looks interesting - but what does it mean?

The average bubble is 3.12 times the trendline

> x <- c(47.8, 2.51, 1.1, 3.73, 2,7)
> summary(x)
   Min. 1st Qu.  Median    Mean 3rd Qu.    Max.
  1.100   2.128   3.120  10.690   6.182  47.800

No, that's wrong. If by "average" you mean median and by "bubble" you mean the 5 highs you have included in your data set, then mental arithmetic shows that the answer should be 2.7. Your software gave the wrong answer because you entered ...3.73, 2,7) instead of ...3.73, 2.7)

Ups. Thanks, fixed.

[klee]

That's what I call innovation. Our Greek government still kisses EU & IMF's ass for another 1bn Euro loan... pfft

Then how about  stop getting loans , and actually paying the ones already taken ?

So naive - your age?

[macsga]

That's what I call innovation. Our Greek government still kisses EU & IMF's ass for another 1bn Euro loan... pfft

Then how about  stop getting loans , and actually paying the ones already taken ?

USA and UK are in Debt too you know.  The g'ment thrive off debt, the rich get richer from it.  Watch Keiser report and you'll see that. 

Yep. The absolute truth within 2 lines of text. Our government is to be held responsible for all this mess. Nuff said.

[ChartBuddy]

[ardana123]

What about the bagholders who bought 700+? won't they result in downward pressure?

[tomjo7]

I've got a sell order in at $725 and a buy order at $560 but i'm thinking i'd probably be best to cancel the sell order...

[gizmoh]

There is massive buying pressure on Stamp..

[marcelus]

I've got a sell order in at $725 and a buy order at $560 but i'm thinking i'd probably be best to cancel the sell order...

If we break $700 we're only going to keep going. There's been plenty of consolidation the last few days.

[MahaRamana]

What about the bagholders who bought 700+? won't they result in downward pressure?

700+ is still a good deal if you buy and hold. I bought some coins at 780 on the climb and will not put some downward pressure, quite the contrary

[Miz4r]

That's what I call innovation. Our Greek government still kisses EU & IMF's ass for another 1bn Euro loan... pfft

Then how about  stop getting loans , and actually paying the ones already taken ?

USA and UK are in Debt too you know.  The g'ment thrive off debt, the rich get richer from it.  Watch Keiser report and you'll see that.  

Yep. The absolute truth within 2 lines of text. Our government is to be held responsible for all this mess. Nuff said.

Not really. Governments are just being played by the big banks with their money making schemes. Not that governments are innocent, but with the current system they have the choice between bad and even worse.

[callezetter]

Anyone else have bistamp issues? My account shows correct values in USD and BTC. But when i try to trade
it says i miss funds to do anything.

[marcelus]

Anyone else have bistamp issues? My account shows correct values in USD and BTC. But when i try to trade
it says i miss funds to do anything.

You probably have open orders under the market price. Go to your account and cancel them.

[Nemesis]

I think it's pretty nice to see that it took us a bit over a day to recover from a massive 10K sell. This isn't April or 2011, this was just the market absorbing an enormous dump. Not enormous enough however to really crash the market, considering the sell took us down to where we were less then two weeks ago. Color me impressed/happy.

And the noobs are complaining about "low volume" ? I mean really? They should look at volume in term of USD LOL


The market is healthy as ever! Look at all the big exchanges having neck to neck in price. Not like last time when only Gox spiked up.

[callezetter]

Anyone else have bistamp issues? My account shows correct values in USD and BTC. But when i try to trade
it says i miss funds to do anything.

You probably have open orders under the market price. Go to your account and cancel them.

phew..thanks alot..that solved it!

[dwdoc]

Here we go again.

[bnjmnkent]

I have just seen an ad of WU:

"Send money around the globe for 0 cost"
In small letters: "WU makes profit via conversion fees".

[philip2000uk]

I have just seen an ad of WU:

"Send money around the globe for 0 cost"
In small letters: "WU makes profit via conversion fees".

Though they do need to make money for having their shops available, i wonder how good it would be if they had BTC ATM's in there and use the same fee amount as the one in vancouver.