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

[MoreFun]

Are we supposed to sell or buy?

Sell high and buy low or vice versa, whatever you prefer.

[prof7bit]

These type of charts need log-scale or something similar.  I would be much more interested in knowing what the average yearly % increase in monetary supply is, than a chart that says "omfg, look how high this goes".

+1

The way they are deliberately plotted on linear scale which is almost always inappropriate with these types of numbers is called "panic chart":

http://blog.bissantz.com/line-straight-wrong
http://blog.bissantz.com/linear-vs-logarithmic-scales
http://blog.bissantz.com/rules-of-thumb-for-eyewitnesses

[damiano]

hmm gox going up

[adamstgBit]

Are we supposed to sell or buy?

buy low sell high, is alot harder then it sounds eh  

[ChartBuddy]

Explanation

[Aido]

Past €1000 on Gox again

[adamstgBit]

[damiano]

big buys

[T.Stuart]

[damiano]

1060!! c'mon

[alexeft]

1060!! c'mon

1600
 

[JimboToronto]

Are we supposed to sell or buy?

buy low sell high, is alot harder then it sounds eh  

Actually, it's quite simple.

Just buy and hold for a couple of years. By then, whatever price you paid will be low, and whatever price you sell at will be high.

No problem.

[damiano]

put a dodgecoin in the upper left

that will get us to 1050

[Drabla]

[damiano]

big wall on btce :/

[medialab101]

big wall on btce :/

Big walls all around.

[MAbtc]

[TERA]

On btce, there have been 400btc buy walls popping up and 400btc market buys ever since the overstock news. I even saw 400btc sell walls pop up and get bought out right away. It almost seems as if btce is the market leader right now. Yet the trollbox will completely ignore what is going on there and will instead point out the smaller trades on gox.

[Mad Scientist]

Wow I've never seen a wall that big.

[ninjaboon]

What is considered to be the best exchange right now, coinbase, btc-e or bitstamp? Also which of them is faster at handling verification?

Thanks

I used btc-e. verification is pretty fast 3 days for me and I deposit via OKPay.