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

[T.Stuart]

usually bears complain about low volume at this point.

I don't think you are a 'bear' or a 'bull' to point out the volume driving this is very low, nay anaemic ...essentially the market is still in holiday mode.

And what a holiday! 

[macsga]

http://mashable.com/2014/01/02/ebay-virtual-currency/

would be a competitor to Bitcoin, dogecoin and litecoin

Can't stop laughing.

BEWARE PEOPLE for Kanye's new Koin!
http://newsfeed.time.com/2014/01/02/kanye-west-now-has-his-own-cryptocurrency-and-its-called-coinye-west/

[seljo]

Bubble prices with 1/10th the media attention and volume as last time... this can only go one way.  

Ye it could go sideways like last week...

[T.Stuart]

1/10th the media attention...

Actually you know what? Media attention is just starting over in other countries such as, well, all of them in South America for example.

 

[T.Stuart]

Ye it could go sideways like last week...

In fact if you really want strong growth, that would be good. A consolidation anywhere between say $830 and $880 just fine.

[ChartBuddy]

[pietje]

Looks like it is stabilising again.

[alexeft]

http://mashable.com/2014/01/02/ebay-virtual-currency/

would be a competitor to Bitcoin, dogecoin and litecoin

Can't stop laughing.

BEWARE PEOPLE for Kanye's new Koin!
http://newsfeed.time.com/2014/01/02/kanye-west-now-has-his-own-cryptocurrency-and-its-called-coinye-west/

ebay said bitcoin fluctuates too much! What will they do with their own coin! Fix the price?

KEEP it ebay!  

[wachtwoord]

http://mashable.com/2014/01/02/ebay-virtual-currency/

would be a competitor to Bitcoin, dogecoin and litecoin

Can't stop laughing.

I can't really take articles seriously if they take Dogecoin seriously

[wachtwoord]

http://mashable.com/2014/01/02/ebay-virtual-currency/

would be a competitor to Bitcoin, dogecoin and litecoin

Can't stop laughing.

BEWARE PEOPLE for Kanye's new Koin!
http://newsfeed.time.com/2014/01/02/kanye-west-now-has-his-own-cryptocurrency-and-its-called-coinye-west/

Why Kanye? Just buy Bitcoin and then openly support it.

If he doesn't truly believe in Bitcoin he can even do it pump and dump style. Making money is so easy of you're as famous as he is

EDIT: Is it even confirmed Kanye West is behind this?

[keewee]

Bubble prices with 1/10th the media attention and volume as last time... this can only go one way.  

pic

I had the impression there was a lot more media attention generally. And news searches for "bitcoin" are double what they were last time:

[wachtwoord]

Other news... Altcoins are rising?? NMC, NVC, PPC...

Anyone interested in buying 101.5 PPC @ BTC-e? Payment in BTC or LTC.

[Dalmar]

I had the impression there was a lot more media attention generally. And news searches for "bitcoin" are double what they were last time:

If you filter for a narrower time scale, it becomes clear that it's nowhere near the late nov/early dec bubble.  



Currently, bitcoin has the same level of media attention as when it was in the 300s. Mostly from econ/spec sources discussing 2014 picks. In a few days it might be even substantially less.  

[keewee]

I had the impression there was a lot more media attention generally. And news searches for "bitcoin" are double what they were last time:

If you filter for a shorter time scale, it becomes clear that it's nowhere near the late nov/early dec bubble.  

https://i.imgur.com/zes28E0.jpg

Currently, bitcoin has the same levels of media attention as when it was in the 300s. Mostly from econ/spec sources who are talking about 2014 picks. In a few days it might be even substantially less.  

oooo, I assumed they were referring to the April bubble.

Edit: And that is still not "1/10th". It could also be considered positive if the current interest is from economics and investment circles.

[molecular]

usually bears complain about low volume at this point.

I don't think you are a 'bear' or a 'bull' to point out the volume driving this is very low, nay anaemic ...essentially the market is still in holiday mode.

If you look at volume in USD it's not anemic at all. It's substantially higher than during the post-silkroad-arrest runup in mid to late October 2013.

I'm not claiming we're in hyperdrive like November last year (this is yet to come), but to say this is some people who happen to have time during the holiday playing with the price at will is quite a stretch.

The volume ist not insubstantial.

[hyphymikey]

HAPPY 5TH BIRTHDAY BITCOIN!!

[capsqrl]

Just as yesterday, today we're seeing slow and continuous rising starting from early UTC morning. Also just as yesterday, perhaps we'll see a bull run tonight?

[justusranvier]

If you look at volume in USD it's not anemic at all. It's substantially higher than during the post-silkroad-arrest runup in mid to late October 2013.

I'm not claiming we're in hyperdrive like November last year (this is yet to come), but to say this is some people who happen to have time during the holiday playing with the price at will is quite a stretch.

The volume ist not insubstantial.

So basically what we need to do is take this volume chart (all currencies, all exchanges): http://data.bitcoinity.org/#caaadaehaa

And convert that to a composite "volume in currency" that uses a weighted average of all the currency pairs.

And then we'd get an accurate picture of volume measured in fiat.

Or as an good-enough approximation you just use the USD exchange rate as a multiplier.

[MANofthePEOPLE]

This is the time to panic buy!! $1435 before sunday, you heard it here first!  

[T.Stuart]

Just as yesterday, today we're seeing slow and continuous rising starting from early UTC morning. Also just as yesterday, perhaps we'll see a bull run tonight?

Yes we will