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

[Richy_T]

So minute 31 after your child son dies, you're cool with it? Acceptance and all that?

No but you stop blaming anything and everything that comes within range. (OK, 30 minutes may be a little short). Certainly by they time you're taking that grief-driven anger to the media, you should be getting a clue.

[Bunkervogel]

4900+4950 cny wall is growing.. 1600 coins, 1200+ at 4950 ..some1 is afraid we go choo choo after 5000cny?

5010! 

[mb300sd]

We're going to $1000 tonight..

How I know: I sold some. It always goes up after I sell.

[Davyd05]

So minute 31 after your child son dies, you're cool with it? Acceptance and all that?

No but you stop blaming anything and everything that comes within range. (OK, 30 minutes may be a little short). Certainly by they time you're taking that grief-driven anger to the media, you should be getting a clue.

 I can tell you we're trying to make a strong point. I would agree she deflecting any guilt she feels towards Bitcoin. He was an adult he chose to break the law, it really back fired for him and I am sorry for her loss but don't drag others down with you it.

yeah I went to help the family, and the wall is down ish - looks like it was eaten on the minute chart.

[Davyd05]

So stamp is leading this rally? Wonder if coinsetter is allready with stamp? Or it is just regular buying madnes on stamp/bitfinex  

it pretty much coincided with huobi and or it followed huobi

[JorgeStolfi]

Usually Huobi is nearly dead from 2:00 am to 6:00 am local time  (17:00 to 21:00 UTC).  But today volume increased to daytime leves at 4:15 am (19:15 UTC), and the price jumped up from ~4800 CNY to ~4900 CNY at the same time.  It then jumped again to ~5000 CNY at 5:30 am (20:30 UTC).

I deduce, dear Watson, that this rally was born in the "West" (perhaps at BTC-e) and was then carried to Huobi by arbitrage, or was generated at Huobi by "Western" traders.

EDIT: volume at Huobi was down to sleep metabolism again at 6:am (21:00 UTC). Wops, not really.

[notme]

the bearishness can you feel it?  

I can feel it, yes.

I almost sold in panic at the recent bottom. Might be a sign the bottom is in, but the panic was still manageable, so maybe we have some ways to go yet.

??!??!??!??

lol

maybe I should clarify: When I say "I sell", I really mean: sell my trading stash (or part thereof), which is about 5% of my coins.

So I never sell more than 5%.

EDIT: although I've been trying to change that as per rpietilas divestment strategy... but it's hard.

Just "divest" into your trading fund.  You'll end up with fiat soon enough.

[ChartBuddy]

Explanation

[Davyd05]

So stamp is leading this rally? Wonder if coinsetter is allready with stamp? Or it is just regular buying madnes on stamp/bitfinex  

it pretty much coincided with huobi and or it followed huobi

?
Stamp had 1h 30min ago over 1000 btc bought... Huobi was much lower.

some1 ate a wall the price didn't really move, if you look at 16:30 bitcoinwisdom 1 minute chart you can see huobi started to move then.. and then at 16:39 or so someone decided to munch bits of the 820 wall at stamp

edit: the coolest thing I noticed is that the last two volume buys are about 1hr and 30 min apart lol

[windjc]

This rally is probably just new fiat.

People here forget that people from around the world are investing in bitcoins every week. That is ultimately why the price has averaged a $10 rise per day for the last 3 months.

The day traders swing the price back and forth some $500-$600 in price. But the general up trend of new fiat is consistent.

Just remember, there is more than enough fiat sitting on the sidelines in bid sums alone (not to mention the millions in fiat in trading accounts) to push the price to 1300 TODAY.

So the only reason we are not at ATHs is that a decent amount of the money on the sidelines is waiting for better prices or waiting until the market establishes a more definite bottom.

[Davyd05]

This rally is probably just new fiat.

People here forget that people from around the world are investing in bitcoins every week. That is ultimately why the price has averaged a $10 rise per day for the last 3 months.

The day traders swing the price back and forth some $500-$600 in price. But the general up trend of new fiat is consistent.

Just remember, there is more than enough fiat sitting on the sidelines in bid sums alone (not to mention the millions in fiat in trading accounts) to push the price to 1300 TODAY.

So the only reason we are not at ATHs is that a decent amount of the money on the sidelines is waiting for better prices or waiting until the market establishes a more definite bottom.

agreed, I just want the new money at huobi to trigger another round of panic buys.. I like the roller coaster even if its not generally good for the health of bitcoin it sure doens't hurt to watch it though.

[dgarcia]

30,00$ Rally? 

[seleme]

I've decided to trade only with bots now. Can't bother thinking on my own anymore, outcome might not be as good, trades less accurately timed but some life should be enjoyed too, I'm sick of watching the price all the time.

[seleme]

30,00$ Rally? 

as much as -30$ makes you giddy about 500$ coins 

[Chalkbot]

I've decided to trade only with bots now. Can't bother thinking on my own anymore, outcome might not be as good, trades less accurately timed but some life should be enjoyed too.

Good idea. My life has been so much better since I started using Holdbot. I check on it periodically to make sure it's doing what it's supposed to, and it's still never moved a single coin from my wallet to the exchange.

[seleme]

I've decided to trade only with bots now. Can't bother thinking on my own anymore, outcome might not be as good, trades less accurately timed but some life should be enjoyed too.

Good idea. My life has been so much better since I started using Holdbot. I check on it periodically to make sure it's doing what it's supposed to, and it's still never moved a single coin from my wallet to the exchange.

I almost googled for HoldBot 

[adnanabbas]

I've decided to trade only with bots now. Can't bother thinking on my own anymore, outcome might not be as good, trades less accurately timed but some life should be enjoyed too.

Good idea. My life has been so much better since I started using Holdbot. I check on it periodically to make sure it's doing what it's supposed to, and it's still never moved a single coin from my wallet to the exchange.

Are bots any good for someone who's a complete n00b

[ChartBuddy]

Explanation

[Davyd05]

I've decided to trade only with bots now. Can't bother thinking on my own anymore, outcome might not be as good, trades less accurately timed but some life should be enjoyed too.

Good idea. My life has been so much better since I started using Holdbot. I check on it periodically to make sure it's doing what it's supposed to, and it's still never moved a single coin from my wallet to the exchange.

Are bots any good for someone who's a complete n00b

I hear as long as they are naked

[Richy_T]

So minute 31 after your child son dies, you're cool with it? Acceptance and all that?

No but you stop blaming anything and everything that comes within range. (OK, 30 minutes may be a little short). Certainly by they time you're taking that grief-driven anger to the media, you should be getting a clue.

 I can tell you we're trying to make a strong point. I would agree she deflecting any guilt she feels towards Bitcoin. He was an adult he chose to break the law, it really back fired for him and I am sorry for her loss but don't drag others down with you it.

yeah I went to help the family, and the wall is down ish - looks like it was eaten on the minute chart.

Yep. What she should be complaining about is the war on drugs (or whatever the Ozzies have that's equivalent. I assume it contains the words "fair dinkum") which makes it impossible for people to obtain the pharmaceutical entertainment of their choice at known dosage and purity.