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

[adamstgBit]

Beginning of the handle in sight?

that would be at 900

[San1ty]

any bears left? xD

Me, and Wekkel. Everybody else is all in.

- Wekkel, do you by chance have 20,000 coins? Lets sell the crap out of this sucker's trap!

I'd be interested to see how low you can get it by yourself alone.
Why are you feeling so bearish?

[San1ty]

Beginning of the handle in sight?

that would be at 900

Haha you bought back didn't you. In 2 pages, you change from bear to bull .

[Mirsad]

Beginning of the handle in sight?

that would be at 900

900 @ Gox

But BTC China is waaaay behind.

They need to get to 7000 CNY! and they are still under 5000 CNY!


This would be an epic bulltrap 
Either way, I won't lose. So ... let's go to the moon.

[ErisDiscordia]

Haha someone really put a 3000BTC buy wall at 505E on kraken 

[adamstgBit]

any bears left? xD

Me, and Wekkel. Everybody else is all in.

- Wekkel, do you by chance have 20,000 coins? Lets sell the crap out of this sucker's trap!

I'd be interested to see how low you can get it by yourself alone.
Why are you feeling so bearish?

even I am bearish, me!!



this can't be happening.... this is a trap.

[Parazyd]

Beginning of the handle in sight?

that would be at 900

Haha you bought back didn't you. In 2 pages, you change from bear to bull .

The people here turn everyone bull

[windjc]

Beginning of the handle in sight?

that would be at 900

900 @ Gox

But BTC China is waaaay behind.

They need to get to 7000 CNY! and they are still under 5000 CNY!


This would be an epic bulltrap 
Either way, I won't lose. So ... let's go to the moon.

Does anyone not read my numerous posts and read the charts???!!

China did not start this rally. It lagged. And then exploded. Same thing is happening now. Don't worry, in a week or two when when we are in full parabolic mode china will be 200-300$ ahead again.

[Odalv]

I'm not sure if there is a delay, but blockchained is showing explosive amounts of USD sitting on Gox.

$32M ATH (maybe rpietila's fiat) :-)

[micalith]

any bears left? xD

Me, and Wekkel. Everybody else is all in.

- Wekkel, do you by chance have 20,000 coins? Lets sell the crap out of this sucker's trap!

I'd be interested to see how low you can get it by yourself alone.
Why are you feeling so bearish?

Even dropping 20000 across the exchanges would only yield a higher low, further confirming the uptrend anyway, no?

[TheKoziTwo]

any bears left? xD

Me, and Wekkel. Everybody else is all in.

- Wekkel, do you by chance have 20,000 coins? Lets sell the crap out of this sucker's trap!

You might have been a big player before, but now you're just a small fish. Second Market alone has bought tens of thousands of coins, big players are entering the game and they will run all over you. Just hold!!

[wachtwoord]

any bears left? xD

Me, and Wekkel. Everybody else is all in.

- Wekkel, do you by chance have 20,000 coins? Lets sell the crap out of this sucker's trap!

i hope you still hold some btc!

Would be weird if the Bitcoin barrron would end up with no coins.

[Zangelbert Bingledack]

I'm not sure if there is a delay, but blockchained is showing explosive amounts of USD sitting on Gox.

Shakeout successful. New money locked and loaded, coins to dry up again soon.

[adamstgBit]

this is either a typical bull trap. or the most elaborate bear trap ever devised

[windjc]

I'm not sure if there is a delay, but blockchained is showing explosive amounts of USD sitting on Gox.

Shakeout successful. New money locked and loaded, coins to dry up again soon.

This was a beautiful bear trap correction. And we will soon have epic fireworks. However, the bears will still have at least a few days to swallow their pride and buy back in because we have several major points of resistance to go through. I wouldn't give it much more than a week though. Better swallow that pride soon bears.

[rpietila]

any bears left? xD

Me, and Wekkel. Everybody else is all in.

- Wekkel, do you by chance have 20,000 coins? Lets sell the crap out of this sucker's trap!

i hope you still hold some btc!

Yes. I did not empty my Casascius coins, only pawned them...

[mccorvic]

this is either a typical bull trap. or the most elaborate bear trap ever devised

The best thing about bitcoin is that it is one giant bear trap.

[fallinglantern]

The exchanges are incurable. Do I really need to do this?  

The issue is ultimately systemic in this stage of the game. Most websites would be foolish to dump hardware to handle the rare bubble spikes that happen. Steady state load compared to bubble load is probably a tenth or less. It's a waste of capital to buy hardware in anticipation that you may saturate it 6 months from now. If you go the scalable cloud computing route (not recommended if you're handling people's money IMO), then you're looking at $7/hr for VMs that don't suck (comparable to a dedicated server, such as AWS m1.xlarge) or $5000/month. This is to say nothing of the more exotic hardware that the big guys like gox are using (violin SSD arrays and so on).

All that said, adoption will drive exchange infrastructure growth which, IMO, has already happened since just April. Gox croaking for a couple hours the other day with the recycled whale order didn't tank the price as stamp, btc-e, and btcchina kept going without even a yawn.

[miningnew]

I'm not sure if there is a delay, but blockchained is showing explosive amounts of USD sitting on Gox.

$32M ATH (maybe rpietila's fiat) :-)

where can you see that?

[oda.krell]

to the bears i say!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ch000 ch00000 motherf0ck0rz!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Nice contrast:



Well, at least copper's up 

Huh? NBC reports on Bitcoin price, really?