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

[TERA]

Everyone repeat after me:  "This time it's different".

[nanobrain]

such amaze

currency much

edit/ also nan, really liked your post in the open message thread

Thanks, hon
Gonna check back in minute...see how many ignores I've collected

[OldGeek]

Everyone repeat after me:  "This time it's different".

Party pooper.

[ChartBuddy]

[nanobrain]

good morning forum members, so it looks that we are going up

Well China has just dipped so it is interesting to see if there is a full-on detachment of pricing between there and the rest of the world.  Kinda interesting.

[tHash]

Everyone repeat after me:  "This time it's different".

First time was China delivered a crippling blow to bitcoin in China.   Second time they delivered a fatal blow.  

What exactly is going to drive the third leg that matches your fancy lines?

[OldGeek]

This rally has more legs than I expected.  Not displeased, just mildly surprised.  The western exchanges seem want to go up rather badly.  We'll see.

[tHash]

good morning forum members, so it looks that we are going up

Well China has just dipped so it is interesting to see if there is a full-on detachment of pricing between there and the rest of the world.  Kinda interesting.

Kinda awesome is what it is.   It is where we have to get to before we can move on.   If one exchange can be taken out, and it has this much effect on BTC then we are in deep trouble.   

We have to learn to let individual exchanges do their thing when they go off the deep end . . .

[OldGeek]

I can't speak for everyone, of course, but I don't go to bed with fiat on the exchange.

[gizmoh]

Everyone repeat after me:  "This time it's different".

Oh wow, nice catch there. 800 is definitely the big barrier on gox.

[OldGeek]

TERA, if your chart was your prediction, MtSux has breached 759 three times.  Do you leave some wiggle room in there?

[nanobrain]

good morning forum members, so it looks that we are going up

Well China has just dipped so it is interesting to see if there is a full-on detachment of pricing between there and the rest of the world.  Kinda interesting.

Kinda awesome is what it is.   It is where we have to get to before we can move on.   If one exchange can be taken out, and it has this much effect on BTC then we are in deep trouble.  

We have to learn to let individual exchanges do their thing when they go off the deep end . . .

I guess another way of looking at it is: three days ago the exchange with the biggest volume and potential market got royally screwed, BTC took a hit, the cassandras cam out and had a moan, but today all the other exchanges are back on track.

Rather than big trouble, I think we can say BTC is one resilient little bugger.

[fluidjax]

Bitfinex has $9m on loan, which is 12.5K BTC @ $700.
12.5K BTC takes us down to $550 on gox.

[OldGeek]

Bitfinex has $9m on loan, which is 12.5K BTC @ $700.
12.5K BTC takes us down to $550 on gox.

Is that total for shorts?

[alexeft]

Rather than big trouble, I think we can say BTC is one resilient little bugger.

No man, it's one resilient BIG MOTHERFUCKER!!!!!

[fluidjax]

Bitfinex has $9m on loan, which is 12.5K BTC @ $700.
12.5K BTC takes us down to $550 on gox.

Is that total for shorts?

Thats the $ people have borrowed to buy BTC. At some point they will need to sell the BTC to pay back the $.

[TERA]

Bitfinex has $9m on loan, which is 12.5K BTC @ $700.
12.5K BTC takes us down to $550 on gox.

Is that total for shorts?

Thats the $ people have borrowed to buy BTC. At some point they will need to sell the BTC to pay back the $.

But most of the loans probably bought around 400, which makes it closer to 20k btc.

[gizmoh]

Bitfinex has $9m on loan, which is 12.5K BTC @ $700.
12.5K BTC takes us down to $550 on gox.

Now we know the reason for this mad rally from stamp. All will close their trade at some point. But look at stamp depth..a joke really.

[tHash]

good morning forum members, so it looks that we are going up

Well China has just dipped so it is interesting to see if there is a full-on detachment of pricing between there and the rest of the world.  Kinda interesting.

Kinda awesome is what it is.   It is where we have to get to before we can move on.   If one exchange can be taken out, and it has this much effect on BTC then we are in deep trouble.  

We have to learn to let individual exchanges do their thing when they go off the deep end . . .

I guess another way of looking at it is: three days ago the exchange with the biggest volume and potential market got royally screwed, BTC took a hit, the cassandras cam out and had a moan, but today all the other exchanges are back on track.

Rather than big trouble, I think we can say BTC is one resilient little bugger.

No question about that.   This is the third time I have been through the whole "bitcoin is dead" thing, so I am used to it.   The thing is, it has to get to the place where these things have only a minor effect on the price, as until it can stop giving up more than half of it's value in a few days, the broad majority will still scoff.   It will come, just growing pains.

[nanobrain]

Rather than big trouble, I think we can say BTC is one resilient little bugger.

No man, it's one resilient BIG MOTHERFUCKER!!!!!

LOL..well, apart from the fact I'm female and old enough to be your mother....thanks for that, most eloquent.