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

[ShroomsKit]

And there will be another sell-off.

I take it you sold all your coins then?

[xthedamnedx]

Can someone explain to me how such a low volume of trades (compared to april of last year) can raise the price this high?

[Odalv]

Can someone explain to me how such a low volume of trades (compared to april of last year) can raise the price this high?

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyztgWzbgEza1gEMAzm1g20za2gSMAzm2g15zxzvzcvzl

[Nemesis]

Can someone explain to me how such a low volume of trades (compared to april of last year) can raise the price this high?

You have to measure volume in USD my friend, as the price is going up.

[justusranvier]

Can someone explain to me how such a low volume of trades (compared to april of last year) can raise the price this high?

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

You have to measure volume in USD my friend, as the price is going up.

Even in BTC terms, trading volume is historically high.

You've just got to consider all the exchanges.

[BitPirate]

One thing is for sure: These sideways markets really fuck with your mind.

When I see Y5300 in China and shit myself when it goes down to Y4900, I try to remember that it is the same as $53 to $49

[el_rlee]

Is btc-e finally catching up? What's wrong with the price on that exchange anyways?

[DaRude]

Is btc-e finally catching up? What's wrong with the price on that exchange anyways?

Gox is leading some whale has been throwing a lot of money at it. btc-e just follows blindly stamp is resisting a bit

[Davyd05]

broke the 870.. on a couple of bigger buys.. will it rally, nobody knows  lol

[el_rlee]

Seriously, why should somebody still wire money to gox

[windjc]

Hold on a second.

Where are all the bears?  I just reviewed the last couple of pages of this thread and no bear posts?

4 days until $1000. Max.  Today was an important day, tested the bottom of the consolidation channel heavily. Met a ton of resistance.

There is definitely more resistance coming between $850-$1000 and Thanksgiving just makes everything weird, but it looks like the bears may have to live a fight another day.

And actually I am as bummed as anyone, as I'd love to buy some cheaper coins. But, some of us have been preaching the inevitable for days now.

Of course, I may still have egg on my face. Tomorrow will be an interesting day possibly.

[el_rlee]

Forgive my spelling, but it might get interesting when the Chinese start to buy "hong bows" for Chinese New Year

[ChartBuddy]

[gizmoh]

Is btc-e finally catching up? What's wrong with the price on that exchange anyways?

Deposit issues with btc-e :

https://bitcointalk.org/index.php?topic=307729

[hannesnaude]

Even if I am wrong on this one, I will admit it latest next Monday. This leaves maximum about 10 days (out of 1000) that I have been a bitcoin bear with no reason.

 

[ShroomsKit]

5k to 800. Not bad.

[rpietila]

Quoting in context:

If we go crazy from here (we are already well above/ahead of the long-term trend), the inevitable result is crash. That is the way turbulence works. This makes it relevant to try to estimate the top and the bottom.

My take:
- Top $2200, bottom $475. Before Christmas.

I was following your posts, there is always a crash in your post, each day you post the same prediction,

(emphases mine)


Man, Bitcoin distorts your sense of time beyond remedy...  

My first bearish post was this:

I have also increased the odds that we are in a bubble correction to about 75%. That said, I expect the following things happen:

- Lowest recorded trade will be in $2XX range, bigger volume around $300.
- It will take only 3-6 months to regain the old highs.
- Volume will all the time be lower than in previous situations, there is no widespread panic or general capitulation

Two bubbles in 2013   Who could have thought...

Beating the yesterday's intraday high (BS: $640, Gox: $750, BTCC: $1000) makes me increase the odds that this is just a weekly consolidation. Every day in declining trend erodes the new investor confidence and induces more and more sales from the earlier investor community.

Check the timestamp - it is 43 hours ago. Not even 2 days!

I previously was a bear for less than 2 days when the April bubble initially popped (correctly), then a short time at $48 last March (failed), a little bearish before the final capitulation in June (correctly), and during all of the bear market in 2011 (correctly, with stellar results). Even if this one proves to be false, I still have 60% track record. (52% is enough to make money, needless to say that the majority is not even close).

Even if I am wrong on this one, I will admit it latest next Monday. This leaves maximum about 10 days (out of 1000) that I have been a bitcoin bear with no reason. 1% of the time. Bear with it.

Yes, I admit that Bitcoin will never go to 2XX anymore. Henry Brade (Technomage) was right, I was wrong. We had a FB debate last week.

I still think that $2200 by Christmas and crash afterwards is a possible and probable scenario. My analysis says that each crash low is 2x the pre-bubble ATH. So the essential content of that post still holds, and I am not about to deny that one.

I give better odds that we see my sale price of $672 that that we don't see it.

[ChartBuddy]

[BitPirate]

Quoting in context:

If we go crazy from here (we are already well above/ahead of the long-term trend), the inevitable result is crash. That is the way turbulence works. This makes it relevant to try to estimate the top and the bottom.

My take:
- Top $2200, bottom $475. Before Christmas.

I was following your posts, there is always a crash in your post, each day you post the same prediction,

(emphases mine)


Man, Bitcoin distorts your sense of time beyond remedy...  

My first bearish post was this:

I have also increased the odds that we are in a bubble correction to about 75%. That said, I expect the following things happen:

- Lowest recorded trade will be in $2XX range, bigger volume around $300.
- It will take only 3-6 months to regain the old highs.
- Volume will all the time be lower than in previous situations, there is no widespread panic or general capitulation

Two bubbles in 2013   Who could have thought...

Beating the yesterday's intraday high (BS: $640, Gox: $750, BTCC: $1000) makes me increase the odds that this is just a weekly consolidation. Every day in declining trend erodes the new investor confidence and induces more and more sales from the earlier investor community.

Check the timestamp - it is 43 hours ago. Not even 2 days!

I previously was a bear for less than 2 days when the April bubble initially popped (correctly), then a short time at $48 last March (failed), a little bearish before the final capitulation in June (correctly), and during all of the bear market in 2011 (correctly, with stellar results). Even if this one proves to be false, I still have 60% track record. (52% is enough to make money, needless to say that the majority is not even close).

Even if I am wrong on this one, I will admit it latest next Monday. This leaves maximum about 10 days (out of 1000) that I have been a bitcoin bear with no reason. 1% of the time. Bear with it.

Yes, I admit that Bitcoin will never go to 2XX anymore. Henry Brade (Technomage) was right, I was wrong. We had a FB debate last week.

I still think that $2200 by Christmas and crash afterwards is a possible and probable scenario. My analysis says that each crash low is 2x the pre-bubble ATH. So the essential content of that post still holds, and I am not about to deny that one.

I give better odds that we see my sale price of $672 that that we don't see it.

$2200 by Christmas!

[bitbob82]

i am also wondering, since GOX cannot withdraw money, then it can only mean everyone will buy on GOX and take bitcoin out

if that is the case, GOX should be running out of bitcoin??


anyone???