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

[nanobrain]

The great China scare - it's over. Another page turn in the Book o Bitcoin.

Now I can go back to my sofa.

famous. last. words.

No it is...go back a few pages for the recent discussion.

BTC has shown its resilience, we've had the extremists from both sides proclaim their views but the market is the true indicator.  We may go up, we may go down in the short-term but its gonna take more than proclamations from a bunch of Chinese pensioners to destroy BTC.

Enjoy the show.

BTW...will you be sitting any of your A-level economics questions later (...Discuss?)  I do enjoy them

I didn't think you literally were talking about Bitcoin surviving, I never thought that was in question. I thought you were saying that this downtrend was over. That's a different story.

Ach, well...a bit of both.  

If you believed the cassandras who flooded the speculation forum then this was the beginning of the end.  Clearly, BTC is resilient enough to survive an exchange being throttled by a govt...let's face it...if Beijing said "Enough of this capitalist nonsense, we're imposing rules on the Hang Seng" I think it would take the global markets longer than three days to get the wind back in their sails.

The end of the 'downtrend'...well it depends on your perspective....zoom in and we are breaking out of a down swing...zoom out and we are still WAAY above the growth trendline...infact I'd imagine there would be a strong argument that a further correction and stabilsation to around USD500 would be a good thing.

We may go up, we may go down...as they say in Hebrew (I'll have to spell phonetically)...Oo li ken, oo li low "maybe yes, maybe no"

[nanobrain]

So Loaded did some serious job there in China. $80 up during my night time sleep!

Good Morning People!

and don't forget to...

HODL!

Evening from Australia.
And how is sunny Greece today

I will be out for a morning coffee later today (it's 10:40am) It's December but it's 19C outside which makes it a perfect day for me to go and photosynthesize 

Nice....way too hot to photosynthesize here...more chance of irradiating.

[fluidjax]

Is there anywhere I can get hold of historic stats on Bitfinex loans? I was gonna run some analysis.

[spooderman]

Good mormon everyone. I have to work today so can't trade. Where shall I leave my bids? Got a couple at 300 (ha!), couple at 500....(ha!). What's the plan you non-pigs?

[mmitech]

look at that candle 

[alexeft]

look at that candle 

[ErisDiscordia]

Can we make this the Bitcoin rally anthem?

Choo Choo Train

This song needs to get Zhou Tonged. I can already hear it in my head. "Like a train, Bitcoin rallying up again" 

[jatajuta]

Good mormon everyone. I have to work today so can't trade. Where shall I leave my bids? Got a couple at 300 (ha!), couple at 500....(ha!). What's the plan you non-pigs?

I think you will be disappointed.

[Jren]

Can we make this the Bitcoin rally anthem?

Choo Choo Train

This song needs to get Zhou Tonged. I can already hear it in my head. "Like a train, Bitcoin rallying up again" 

http://www.youtube.com/watch?v=uaqZoph265U

M-M-MULTI TRACK DRIFTING. Watch that train go

[ErisDiscordia]

Goat, your Lambo is being shipped right now. They had to save on the shipping though because they didn't use bitpay 

[outofservice]

What is this and how do you read it?

Is this saying it's going up to somewhere between 740-745?

[shizuska]

http://www.rtcons.com/wall/16059.9.small.png?1=2

What is this and how do you read it?

Is this saying it's going up to somewhere between 740-745?

It shows current GOX market data. If you look close enough and long enough i hope you are able to figure out what it excactly shows. Keywords are ask/bids depth, price and movement of these two in last hour.

[rezurect]

How about a bounce off the 100 EMA on the 1h chart  ?

[ThatBitcoinGuy]

Just got an email that Gox is offering 25% off trading fees for the holidays (12/20/13 - 1/20/14)...

Stock up, folks! 

[rpietila]

Good mormon everyone. I have to work today so can't trade. Where shall I leave my bids? Got a couple at 300 (ha!), couple at 500....(ha!). What's the plan you non-pigs?

I think you will be disappointed.

+1

Shorter term there's a lot of support at 500 so a bounce from that level seems probable.

Longer term I think there is a chance that 350 will be visited but 300 would require something which I don't have knowledge of.

Add +10% for Gox.

[shizuska]

Good mormon everyone. I have to work today so can't trade. Where shall I leave my bids? Got a couple at 300 (ha!), couple at 500....(ha!). What's the plan you non-pigs?

I think you will be disappointed.

+1

Shorter term there's a lot of support at 500 so a bounce from that level seems probable.

Longer term I think there is a chance that 350 will be visited but 300 would require something which I don't have knowledge of.

Add +10% for Gox.

When will we see 1000 again in your opinion, before summer?

[granathus]

Good mormon everyone. I have to work today so can't trade. Where shall I leave my bids? Got a couple at 300 (ha!), couple at 500....(ha!). What's the plan you non-pigs?

I think you will be disappointed.

+1

Shorter term there's a lot of support at 500 so a bounce from that level seems probable.

Longer term I think there is a chance that 350 will be visited but 300 would require something which I don't have knowledge of.

Add +10% for Gox.

So you believe we will slide back towards 500 short term?

[Searing]

Good mormon everyone. I have to work today so can't trade. Where shall I leave my bids? Got a couple at 300 (ha!), couple at 500....(ha!). What's the plan you non-pigs?

I think you will be disappointed.

+1

Shorter term there's a lot of support at 500 so a bounce from that level seems probable.

Longer term I think there is a chance that 350 will be visited but 300 would require something which I don't have knowledge of.

Add +10% for Gox.

So you believe we will slide back towards 500 short term?

myself that seems likely if the slow realization that btc china is gonna be toast and no work around for getting Chinese fiat deposits back...by the time jan 1st comes around it should be clear if btc china will continue to exist in a working manner ..with that I can see best case it at 500 usd...best case (er after some turmoil) but would be nice if the 750 we see now has already written it off and its been accounted for in this price....anyway my 'guess' I know squat....(always best to have you expectations clear so when they are 'squashed' you can have that pure clean picture in 3d clarity of "hindsight" .....(silly humans ....the ferengi of primates)

[tarmi]

rpietila predicting that we will go to 500 and somehow some big asks showed up at bistamp.

must be magic.

dont be stupid. |

[granathus]

Looks like Gox took rpietila's words to heart, approaching 600's fast!