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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368256 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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January 09, 2014, 02:02:29 AM
 #74261


Explanation
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RandyMagnum
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January 09, 2014, 02:08:57 AM
 #74262

That 12 hour interval = Huh
MANofthePEOPLE
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January 09, 2014, 02:28:41 AM
 #74263


Anyone care to explain these graphs?
arepo
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this statement is false


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January 09, 2014, 02:34:51 AM
 #74264


they're historical bid/ask spreads with the time axis going into the figure in the perceived third dimension.

are you familiar with 2-dimensional bid/ask spreads?
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January 09, 2014, 02:38:58 AM
 #74265


Did you try clicking "Explanation" provided by Chartbuddy?
MAbtc
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January 09, 2014, 02:39:57 AM
 #74266


Did you try clicking "Explanation" provided by Chartbuddy?
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January 09, 2014, 02:43:07 AM
 #74267



are you familiar with 2-dimensional bid/ask spreads?

No, unfortunately not  Undecided
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January 09, 2014, 02:47:58 AM
 #74268

The market doesn't wanna make a decision. Some news might make it for it?
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January 09, 2014, 03:02:24 AM
 #74269


Explanation
aminorex
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January 09, 2014, 03:10:00 AM
 #74270

Fiat will always pile up on Mt.Gox because you can't withdraw.  The surplus of fiat is no surprise.  What makes Mt. Gox bullish is the lack of coins on offer.  The coins are on stamp, btce, bfx, or in china.
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January 09, 2014, 03:16:43 AM
 #74271

Fiat will always pile up on Mt.Gox because you can't withdraw.  The surplus of fiat is no surprise.  What makes Mt. Gox bullish is the lack of coins on offer.  The coins are on stamp, btce, bfx, or in china.
Yes I agree. The bid depth on gox is much less significant now that you cannot withdraw. The fact that there are $35M bids there now (up from $22M in april), means that in the past 9 months at least $13M has been deposited there. That is it. Meanwhile with the bid at stamp growing from $1M to $21M, it means that at least $20M has been deposited but probably MUCH MORE if you count WITHDRAWALS - it could be more like $200M has been deposited at stamp. All of these services including coinbase, ATMs, and bitfinex interface with stamp and I think bitfiex alone probably has to do this biweekly batch transfer of millions of dollars to stamp.
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January 09, 2014, 03:22:51 AM
 #74272

Fiat will always pile up on Mt.Gox because you can't withdraw.  The surplus of fiat is no surprise.  What makes Mt. Gox bullish is the lack of coins on offer.  The coins are on stamp, btce, bfx, or in china.
Yes I agree. The bid depth on gox is much less significant now that you cannot withdraw. The fact that there are $35M bids there now (up from $22M in april), means that in the past 9 months at least $13M has been deposited there. That is it. Meanwhile with the bid at stamp growing from $1M to $21M, it means that at least $20M has been deposited but probably MUCH MORE if you count WITHDRAWALS - it could be more like $200M has been deposited at stamp. All of these services including coinbase, ATMs, and bitfinex interface with stamp and I think bitfiex alone probably has to do this biweekly batch transfer of millions of dollars to stamp.

Rough numbers but true assessment to a degree. There are many people able to withdraw from Gox. I have communicated with many of them.

True us in the US cannot, but most can. You hear about the horror stories because the people that don't have problems are on a forum bitching about it.
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January 09, 2014, 03:25:10 AM
 #74273

Fiat will always pile up on Mt.Gox because you can't withdraw.  The surplus of fiat is no surprise.  What makes Mt. Gox bullish is the lack of coins on offer.  The coins are on stamp, btce, bfx, or in china.

Of course, who wants to sell BTC for Gox bux?  I wish we could see the numbers on BTC transfers in/out of Gox.
arepo
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this statement is false


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January 09, 2014, 03:43:08 AM
 #74274

The market doesn't wanna make a decision. Some news might make it for it?

forget about the news. we're still trapped in an ascending triangle consolidation pattern. until we break above $950 or below the ascending support, we're not going anywhere. we're running out of space, though... tomorrow should be interesting Wink
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January 09, 2014, 04:02:27 AM
 #74275


Explanation
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January 09, 2014, 04:13:43 AM
 #74276

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January 09, 2014, 04:31:34 AM
 #74277


...


Exciting stuff  Smiley
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January 09, 2014, 04:35:55 AM
 #74278

These markets are supremely boring right now.
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January 09, 2014, 04:37:58 AM
 #74279

These markets are supremely boring right now.

They will get very fucking exciting if Ghash.io gets another 8% hashing power.  It is currently sitting on 42% and climbing fast. 
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January 09, 2014, 04:40:22 AM
 #74280

up or down? what the hell is this on stamp? flatline-----------
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