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

[gentlemand]

The prospect of more than three down days in a row hasn't been keeping me awake at night so far.

Now it's been mentioned I guess I had better start panicking as soon as possible. I'm not really in the mood though.

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[windjc]

http://www.bloomberg.com/news/2014-01-21/bitcoin-no-bargain-as-47-of-investors-go-bearish-in-poll.html

Is this a result of proudhon's trolling?

No. But its a bullish article. A few months ago everybody thought we were going to the moon. Now, its overpriced. Sounds about right to me. Hopefully there will be more and more bearish sentiment. If bearish sentiment continues to uptick, I will look to purchase more.

[bambou]

So far, this is a "down" day, and Bitcoin hasn't had more than three down days in a row since Sept. 2013.  This is the third down day.  

Maybe BTC is about to establish another new record?

if it break the 3 days pattern i am afraid the panic is going to be huge..

Yeah, but in which direction? We all know what happened after last September.

thats the magic

http://www.bloomberg.com/news/2014-01-21/bitcoin-no-bargain-as-47-of-investors-go-bearish-in-poll.html

Is this a result of proudhon's trolling?

No. But its a bullish article. A few months ago everybody thought we were going to the moon. Now, its overpriced. Sounds about right to me. Hopefully there will be more and more bearish sentiment. If bearish sentiment continues to uptick, I will look to purchase more.

OMG OMG OMG 

[fonzie]

So far, this is a "down" day, and Bitcoin hasn't had more than three down days in a row since Sept. 2013.  This is the third down day. 

Maybe BTC is about to establish another new record?

if it break the 3 days pattern i am afraid the panic is going to be huge..

Yeah, but in which direction? We all know what happened after last September.

Silkroad went down a couple of weeks later. Who is about to go down this time?

[adamstgBit]

wtf it just keeps bouncing back.

this is getting aggravating

everyone hit sell all at once already.

[Walsoraj]

Misleading, unsubstantiated reddit rumor/hoax leads to forbes article: http://www.forbes.com/sites/andygreenberg/2014/01/22/google-lets-slip-that-its-exploring-possible-bitcoin-integration-plans/

Queue flurry of nauseating "this gonna be huge" posts, to be followed by unacknowledged disappointment until the next silly rumor.

[JorgeStolfi]

Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):


               !    Wed !    Thu !    Fri !   Sat !    Sun !    Mon !   Tue !   Wed !                     
  EXCHANGE     !  01/15 !  01/16 !  01/17 ! 01/18 !  01/19 !  01/20 ! 01/21 ! 01/22 ! Currencies considered

  Bitstamp     |  12.27 |   8.22 |  17.11 |  5.49 |   8.42 |   6.97 |  7.67 |  8.31 | USD                 
  BTC-e        |  10.24 |   7.59 |  13.51 |  7.46 |   8.48 |  10.29 |  5.67 |  7.44 | USD,EUR,RUR         
  MtGOX        |   7.54 |   5.91 |  12.23 |  6.20 |   8.49 |  12.10 |  7.25 |  5.51 | USD,EUR,GBP,AUD,JPY 
  BitFinEx     |   7.17 |   3.68 |  11.47 |  3.81 |   6.63 |   5.46 |  2.89 |  2.97 | USD                 
  Bitcoin.DE   |   0.51 |   0.38 |   0.61 |  0.27 |   0.23 |   0.39 |  0.45 |  0.69 | EUR                 
  Kraken       |   0.35 |   0.29 |   0.68 |  0.28 |   0.33 |   0.19 |  0.24 |  0.25 | EUR                 
  CaVirtEx     |   0.45 |   0.26 |   0.31 |  0.01 |   0.09 |   0.22 |  0.23 |  0.15 | CAD                 
  CampBX       |   0.16 |   0.12 |   0.16 |  0.04 |   0.04 |   0.10 |  0.09 |  0.05 | USD                 
  Crypto-Trade |    .   |   0.01 |   0.01 |   .   |    .   |   0.01 |  0.01 |   .   | USD                 

  SUBTOTAL     |  38.69 |  26.46 |  56.09 | 23.56 |  32.71 |  35.73 | 24.50 | 25.37 |                     

  Huobi        |  91.40 |  67.37 |  74.21 | 43.60 |  67.27 |  71.78 | 40.55 | 25.81 | CNY                 
  OKCoin       |  22.24 |  24.82 |  32.28 | 25.31 |  24.52 |  21.00 | 17.31 | 15.88 | CNY                 
  BTC-China    |   5.58 |   3.54 |   4.55 |  1.77 |   4.05 |   3.44 |  2.07 |  1.62 | CNY                 

  SUBTOTAL     | 119.22 |  95.73 | 111.04 | 70.68 |  95.84 |  96.22 | 59.93 | 43.31 |                     

  TOTAL        | 157.91 | 122.19 | 167.13 | 94.24 | 128.55 | 131.95 | 84.43 | 68.68 |                     



All numbers were collected by hand from the site http://bitcoinwisdom.com. Beware of possible errors.

For each exchange, the numbers include only the trade volume to/from the currencies listed in the rightmost column. The BTC-e volumes now include retroactively also exchanges to EUR and RUR (together about 1 kBTC/day or less).  Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

The Coinbase volume is not available, neither at Bitcoinwisdom nor at Bitcoincharts.

Dates on the header line are UTC. Specifically, "01/15" means "from 01/15 00:00:00 UTC to 01/15 23:59:59 UTC". (Beware that Bitcoinwisdom uses your local time, so the date may appear to be off by 1 day.  For example, if you are 2 hours west of Greenwich, it may show "01/14 22:00" when the UTC time is "01/15 00:00".)

[windjc]

So far, this is a "down" day, and Bitcoin hasn't had more than three down days in a row since Sept. 2013.  This is the third down day.  

Maybe BTC is about to establish another new record?

if it break the 3 days pattern i am afraid the panic is going to be huge..

Yeah, but in which direction? We all know what happened after last September.

thats the magic

http://www.bloomberg.com/news/2014-01-21/bitcoin-no-bargain-as-47-of-investors-go-bearish-in-poll.html

Is this a result of proudhon's trolling?

No. But its a bullish article. A few months ago everybody thought we were going to the moon. Now, its overpriced. Sounds about right to me. Hopefully there will be more and more bearish sentiment. If bearish sentiment continues to uptick, I will look to purchase more.

OMG OMG OMG 

Yep. More and more bears in this forum too. More bearish threads than bullish. All the while the consolidation of price continues and the adoption of bitcoin continues and the education of bitcoin continues and the spread of the bitcoin eco-system continues.

All this points to more highs down the road. If everyone was expecting this to shoot to the moon right now I wouldn't say this. But almost everyone expects us to see 500-600 or lower again.

This is all bullish actually.

[Walsoraj]

^ Bullshit. At no point in time has there ever been more bearish than bullish sentiment in the speculation section.

[fonzie]

So far, this is a "down" day, and Bitcoin hasn't had more than three down days in a row since Sept. 2013.  This is the third down day.  

Maybe BTC is about to establish another new record?

if it break the 3 days pattern i am afraid the panic is going to be huge..

Yeah, but in which direction? We all know what happened after last September.

thats the magic

http://www.bloomberg.com/news/2014-01-21/bitcoin-no-bargain-as-47-of-investors-go-bearish-in-poll.html

Is this a result of proudhon's trolling?

No. But its a bullish article. A few months ago everybody thought we were going to the moon. Now, its overpriced. Sounds about right to me. Hopefully there will be more and more bearish sentiment. If bearish sentiment continues to uptick, I will look to purchase more.

OMG OMG OMG  

Yep. More and more bears in this forum too. More bearish threads than bullish. All the while the consolidation of price continues and the adoption of bitcoin continues and the education of bitcoin continues and the spread of the bitcoin eco-system continues.

All this points to more highs down the road. If everyone was expecting this to shoot to the moon right now I wouldn't say this. But almost everyone expects us to see 500-600 or lower again.

This is all bullish actually.

I´m expectin 250$ or even lower coins in the next weeks months, there doesn´t need to be a huge flash crash. Everyboyd has put their buy orders @around5-600$ , what do you think will happen if it continues to go down to 300-350$ all of those "happy" people who bought @ a "cheap" price, will maybe put on huge additionally selling pressure. There is no reason why 500$ should be the bottom.

[windjc]

So far, this is a "down" day, and Bitcoin hasn't had more than three down days in a row since Sept. 2013.  This is the third down day.  

Maybe BTC is about to establish another new record?

if it break the 3 days pattern i am afraid the panic is going to be huge..

Yeah, but in which direction? We all know what happened after last September.

thats the magic

http://www.bloomberg.com/news/2014-01-21/bitcoin-no-bargain-as-47-of-investors-go-bearish-in-poll.html

Is this a result of proudhon's trolling?

No. But its a bullish article. A few months ago everybody thought we were going to the moon. Now, its overpriced. Sounds about right to me. Hopefully there will be more and more bearish sentiment. If bearish sentiment continues to uptick, I will look to purchase more.

OMG OMG OMG 

Yep. More and more bears in this forum too. More bearish threads than bullish. All the while the consolidation of price continues and the adoption of bitcoin continues and the education of bitcoin continues and the spread of the bitcoin eco-system continues.

All this points to more highs down the road. If everyone was expecting this to shoot to the moon right now I wouldn't say this. But almost everyone expects us to see 500-600 or lower again.

This is all bullish actually.

I´m expectin 200$ coins. Everyboyd has put their buy orders @around5-600$ , what do you think will happen if it continues to go down to 300-350$ all of those "happy" people who bought @ a "cheap" price, will maybe put on huge additionally selling pressure. There is no reason why 500$ should be the bottom.

How many BTC do you own?

[bambou]

^ Bullshit. At no point in time has there ever been more bearish than bullish sentiment in the speculation section.

indeed, before being bullish or bearish, people are much more rational than they think we it comes to their money.

[JorgeStolfi]

The MtGOX price in JPY is now 96939 ¥. which at the current official exchange rate (104.41) is 928.45 USD.

So MtGOX's price seems exaggerated even when exchanging to/from JPY.

Any theory for the discrepancy should work for both currencies.

Are there any reports of delays for JPY withdrawals?

[fonzie]

So far, this is a "down" day, and Bitcoin hasn't had more than three down days in a row since Sept. 2013.  This is the third down day.  

Maybe BTC is about to establish another new record?

if it break the 3 days pattern i am afraid the panic is going to be huge..

Yeah, but in which direction? We all know what happened after last September.

thats the magic

http://www.bloomberg.com/news/2014-01-21/bitcoin-no-bargain-as-47-of-investors-go-bearish-in-poll.html

Is this a result of proudhon's trolling?

No. But its a bullish article. A few months ago everybody thought we were going to the moon. Now, its overpriced. Sounds about right to me. Hopefully there will be more and more bearish sentiment. If bearish sentiment continues to uptick, I will look to purchase more.

OMG OMG OMG  

Yep. More and more bears in this forum too. More bearish threads than bullish. All the while the consolidation of price continues and the adoption of bitcoin continues and the education of bitcoin continues and the spread of the bitcoin eco-system continues.

All this points to more highs down the road. If everyone was expecting this to shoot to the moon right now I wouldn't say this. But almost everyone expects us to see 500-600 or lower again.

This is all bullish actually.

I´m expectin 200$ coins. Everyboyd has put their buy orders @around5-600$ , what do you think will happen if it continues to go down to 300-350$ all of those "happy" people who bought @ a "cheap" price, will maybe put on huge additionally selling pressure. There is no reason why 500$ should be the bottom.

How many BTC do you own?

2 weeks ago i still owned lower 3 digits, i bought in @ around 150$ .I actually own not a single coin right now. You will call me the biggest fool, but i´m okay with that.
It gives me some real good sleep at night. If it doesn´t get much lower i can live with it, i would go back in with 50% if there is enough momentum that the old ATH is about to be broken.
But i´m, convinced that we´re goin way lower. China and Gox are just lurking in ambush. Also the price is obviously kept up on all of these exchanges, neither can i see a lot of bullish sentiment in the way traders behave.

[windjc]

So far, this is a "down" day, and Bitcoin hasn't had more than three down days in a row since Sept. 2013.  This is the third down day.  

Maybe BTC is about to establish another new record?

if it break the 3 days pattern i am afraid the panic is going to be huge..

Yeah, but in which direction? We all know what happened after last September.

thats the magic

http://www.bloomberg.com/news/2014-01-21/bitcoin-no-bargain-as-47-of-investors-go-bearish-in-poll.html

Is this a result of proudhon's trolling?

No. But its a bullish article. A few months ago everybody thought we were going to the moon. Now, its overpriced. Sounds about right to me. Hopefully there will be more and more bearish sentiment. If bearish sentiment continues to uptick, I will look to purchase more.

OMG OMG OMG  

Yep. More and more bears in this forum too. More bearish threads than bullish. All the while the consolidation of price continues and the adoption of bitcoin continues and the education of bitcoin continues and the spread of the bitcoin eco-system continues.

All this points to more highs down the road. If everyone was expecting this to shoot to the moon right now I wouldn't say this. But almost everyone expects us to see 500-600 or lower again.

This is all bullish actually.

I´m expectin 200$ coins. Everyboyd has put their buy orders @around5-600$ , what do you think will happen if it continues to go down to 300-350$ all of those "happy" people who bought @ a "cheap" price, will maybe put on huge additionally selling pressure. There is no reason why 500$ should be the bottom.

How many BTC do you own?

2 weeks ago i still owned lower 3 digits, i bought in @ around 150$ .Right now i actually own not a single coin right now. You will call me the biggest fool, but i´m okay with that.
It gives me some real good sleep at night. If it doesn´t get much lower i can live with it, i would go back in with 50% if there is enough momentum that the old ATH is about to be broken.
But i´m, convinced that we´re goin way lower. China and Gox are just lurking in ambush. Also the price is obviously kept up on all of these exchanges, neither can i see a lot of bullish sentiment in the way traders behave.

I don't think you sleep as well as you claim. I say this because before you sold your coins you were not on here (at all, much less all the time like you are now) talking about the eminent collapse of bitcoin's price. You are on here because, like a nervous fan of a sports team, you are rooting for your side, trying to make sentiment more bearish. This is just weak sauce.

If you were so confident in your position you wouldn't need to talk about it so much.

Hopefully you don't get squeezed out. Just realize, we may go down. But there is also currently an ATH of bid orders and other money on the sidelines waiting to come back in. If we start to go up with legs, all that money is going to be fighting to get back in right along with you.

Of course, I probably shouldn't mention any of this, because now you probably will sleep even less well.

[tolega]

@fonzie.

I remember you from the trollbox. Anyone can check the trollbox archive and read your messages when you were LTCVictim. You were always pessimistic about the future. Good to see nothing has changed.

[Erdogan]

Which exchange will be the first to implement different fees for maker and taker? It's modern.

[fonzie]

@fonzie.

I remember you from the trollbox. Anyone can check the trollbox archive and read your messages when you were LTCVictim. You were always pessimistic about the future. Good to see nothing has changed.

During my time in the trollbox i was actually ultra bullish for a few weeks about Bitcoin and called 700$ by the of december when BTC was around ~150.
I can´t deny that most of my time over there i did nothing else than bash and troll LTC and it´s fans, which was so much fun.

[windjc]

Which exchange will be the first to implement different fees for maker and taker? It's modern.

Coinmkt.com just started doing this not as it just secured its first U.S. banking relationship this week. They are now accepting wires.

There are several other US exchanges currently in the works, just going through the 50 individual state compliance hoops right now. I expect these exchanges will have maker/taker as well as leveraging options.  I would not be surprised if a major US exchange offers 0 fees for first 3 months or something similar to grab marketshare. This would be a potential game changer. After the New York meeting next week I would expect we will know more about when these things may occur.

[WeltMaster]

Calm before the storm?