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

[proudhon]

I think Loaded is at it

Exceeded $40m in bids on MtGox briefly, which just seems amazing to me for a couple reasons.  (1) Why is so much money still flowing to MtGox where prices are higher and the ability to withdraw USD is practically non-existent.  (2)  I remember when the entire bitcoin "market cap" was a fraction of what's currently visible in bids just on Gox.  Surely there's quite a bit more money not presenting itself on the order book, plus all the money sitting on all the other exchanges.  

[jojo69]

Can someone explain to me what is happening right now?

Here are a few reasons I can think of myself:

1. Someone thinks the price will fall further.

2. Someone needs cash / cashes out.

3. Someone wants the price to go down. Why?

4.

[mellowyellow]

Little sell off on gox?

Glad someone still watching the market

[Voodah]

(1) Why is so much money still flowing to MtGox where prices are higher and the ability to withdraw USD is practically non-existent.  

This one also drives me crazy.

The only possible explanation I could find is that Kapeles has special customers which are somehow kept happy.

[macsga]

(1) Why is so much money still flowing to MtGox where prices are higher and the ability to withdraw USD is practically non-existent.  

This one also drives me crazy.

The only possible explanation I could find is that Kapeles has special customers which are somehow kept happy.

You must also take into account that MOST of the trading out there is kept OFF the books... Karpeles (and other exchange owners) might have good reasons for keeping this going (at least I can think of a couple REALLY good ones...)

[mmitech]

(1) Why is so much money still flowing to MtGox where prices are higher and the ability to withdraw USD is practically non-existent.  

This one also drives me crazy.

The only possible explanation I could find is that Kapeles has special customers which are somehow kept happy.

compare order books on multiple exchanges and you will know why, big players will most likely trade at gox because of the huge buy/sell support...

[Voodah]

(1) Why is so much money still flowing to MtGox where prices are higher and the ability to withdraw USD is practically non-existent.  

This one also drives me crazy.

The only possible explanation I could find is that Kapeles has special customers which are somehow kept happy.

compare order books on multiple exchanges and you will know why, big players will most likely trade at gox because of the huge buy/sell support...

That's not it. Though true, it's not enough of a reason to buy expensive coins. Also consider, whales who intent to manipulate the market can do much more damage in an unhealthy order book.

[Odalv]

Would be great if someone find out what Loaded is planing to do...  
He was/is buying btc in China for a while now... so is he going to sell them this weekend? Or he just has some info from manipulators in China?

What will Loaded do with bunch of CNY locked in communist exchange ?

[mellowyellow]

Would be great if someone find out what Loaded is planing to do...  
He was/is buying btc in China for a while now... so is he going to sell them this weekend? Or he just has some info from manipulators in China?

What will Loaded do with bunch of CNY locked in communist exchange ?

He bought btc, he can sell them on any exchange he chooses.

[adamstgBit]

Can someone explain to me what is happening right now?

Here are a few reasons I can think of myself:

1. Someone thinks the price will fall further.

2. Someone needs cash / cashes out.

3. Someone wants the price to go down. Why?

4.

the market more then 1 person...

poeple are constantly cashing in and out, for all kinds of reasons.

[DieJohnny]

I think Loaded is at it

Exceeded $40m in bids on MtGox briefly, which just seems amazing to me for a couple reasons.  (1) Why is so much money still flowing to MtGox where prices are higher and the ability to withdraw USD is practically non-existent.  (2)  I remember when the entire bitcoin "market cap" was a fraction of what's currently visible in bids just on Gox.  Surely there's quite a bit more money not presenting itself on the order book, plus all the money sitting on all the other exchanges.  

Right now i use Gox, primarily because it was the first exchange I used. I have no interest in getting my cash out, so the withdraw problems do not bother me and frankly i consider them temporary. Can Gox shut down and take my money, yes, but I could say the same for any exchange.

In the future the withdraw problems will sort themselves out, or it wont matter because i can survive with bitcoin alone and getting BTC out of Gox is a snap.

I am completely in Fiat on Gox as I am sure a lot of people are. Everyone wants more coins and this current point in BTC history seems to be an opportunity to wait and get back in with more coins then when I got out.

BTW, I use several other exchanges but none for USD. Whether it makes a difference or not I feel better knowing Gox is higher for USD. Certainly, my fiat balance is quite a bit higher in Gox than it would be elsewhere, my hope is that the dips when I buy back will have a smaller spread than other exchanges when I pull the trigger.

That is how i am playing it.

[Biro Bob]

I'd much rather have 5 rpietila guys posting wrong analysis than the 5 noobs who focus on character bashing, and add no real value to the forum.

+1

[Biro Bob]

It's so boring right now.

I started mining Dogecoins LMFAO. 1150khash

If it just slightly bubbles and goes up to a worth of around $0,0789 I'd be happy with the rate im mining now.

Haha! Dogecoins. I set it up on a spare 1&1 server last night (using cpu mining) but getting a pretty poor result (200 so Doges in 12 hours)

Its the first time I've tried mining anything (and it's not particularly profitable)

[N12]

I'm sorry to post this, but I'm afraid that Bitcoin is probably obsolete now.

[wachtwoord]

Huge botnet appeared and it is mining ALL the litecoins!

http://www.reddit.com/r/litecoin/comments/1tvlv0/are_scrypt_asic_units_out_in_the_wild_take_a_look/

Yeah and they aren't very good with passwords. I was able to login using the plaintext lovegold password. Not much is possible without the 4 digit code but I was able to see the address they use for withdrawing:

http://block-explorer.com/address/LMG5GSZb1TX9kLHhiusxukx3LepndgSf3W

[N12]

RIP ChartBuddy.

RIP Bitcoin as we know it.

It was fun.

I'm still shaking.

[seljo]

Finnished reading few last pages whoooooa?!? What's with all that naming? Slow weekend bringing the worst out. What's with jr.members spawning all over the place? What's with China and Loaded? FFS where is that knife? I know lot of questions take your time.  

[wachtwoord]

you are what we call new money, people who are "so rich" should help some charities instead of acting smart and trashing people with "I have more you should listen to me" because this is just sick .

People "should" do, whatever the hell they please. No-one here needs classes in your morality.

freedom right ? although some people want to kill,rape,steal..... you know just saying.....


Ok now back to the topic, I apologize once again, I will stick to the topic and ignore posts that hurts my eyes.... everyone have the right to express their point of view, but I am going off-topic because of some of the "smart" posts... it wont happen again

Freedom to me is doing whatever the hell you want as long as you do not hurt others, or at least do not hurt them without their consent.

This. I consider people who try to stand between me and my freedom "enemies".

[N12]

Please don't hurt me.

[Voodah]

Huge botnet appeared and it is mining ALL the litecoins!

http://www.reddit.com/r/litecoin/comments/1tvlv0/are_scrypt_asic_units_out_in_the_wild_take_a_look/

Yeah and they aren't very good with passwords. I was able to login using the plaintext lovegold password. Not much is possible without the 4 digit code but I was able to see the address they use for withdrawing:

http://block-explorer.com/address/LMG5GSZb1TX9kLHhiusxukx3LepndgSf3W

Nice find !

I was kind of expecting more, but then again that's what? Like 15 days worth of mining right? Not bad..