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

[billyjoeallen]

if bitcoin dies, i'm holding the bag, i dont give a shit, these coins have sentimental value to me 

Now, you know that I'm a nay-sayer on a lot of the topics that come up in this subforum, so to be consistent ... I don't think that bitcoin dies.  It could get very sick and fall prey to panic so that it seems on the verge of death, but not complete oblivion.

There is value to the protocol and the blockchain.  There has to be value for the miners to continue.  Have more faith, but don't count on untold riches either.

I know that.... all i'm saying is i will be a bitcoin market participant forever, no matter what happens.

and on that note, i'm going to try and get some sleep!

good night everyone don't let the FUD get to you.

No way! I'LL be holding the bag. The one who dies with the most bitcoin wins!  

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[DaRude]

I've seen the pictures. He's not running anywhere.

lol

Maybe a power walk at best  but i loled

Oh sh*t i just cracked his plan. So there was a reason for that ball after all!!

[JorgeStolfi]

If this happens to a well-established British bank

http://en.wikipedia.org/wiki/Barings_Bank#1995_collapse

why would it not happen in an unregulated, unaudited exchange?

[medialab101]

So the Gox premium is now over $200...

[billyjoeallen]

If this happens to a well-established British bank

http://en.wikipedia.org/wiki/Barings_Bank#1995_collapse

why would it not happen in an unregulated, unaudited exchange?

It couldn't happen unless the exchange was operating as a fractional reserve.

[hmmmstrange]

So the Gox premium is now over $200...

Gox premium is 24%-25% above stamp. Nothing to worry about until it gets to 60%-70%.

[Sitarow]

[DaRude]

So the Gox premium is now over $200...

Gox premium is 24%-25% above stamp. Nothing to worry about until it gets to 60%-70%.

Sarcasm? That's HUUGE well over the normal 10%. Issues with SWIFT, SEPA. And now with JPY, so the only way out is through BTC and even is experiencing issues. 25% and growing hope they can fix something fast

[tHash]

Speaking of stabbing people, which we weren't, what ever happened to the gazillion wall street bucks that were waiting to pour onto the exchanges after Jan 1?

You mean the ETFs? They are not set up yet.

Nah. Back in December all the rage was to talk about all the wall street money that was going into the exchanges.

You used to speak a bit more intelligently.   For quite a while now you have been an unreasonable bear . . .

No Wall Street money will ever end up on an exchange.   Well, I can't say none at all . . .   Large bitcoin transactions take place off exchange.   The only money that will come in to the exchanges from Wall Street types will be the small amount it will take to drive the spot price up after they have purchased as much as they can.   Some smaller investors may buy on exchange, but there will not be enough liquidity for some time to satisfy large investors.   What will happen is that as large investors soak up coins from other sources, there will be a general reduction in coins available in the system which will put upwards pressure on the price.

This is all based on speculation anyway.   We are trending up(mid term) with or without a bunch of money from Wall street.

[KFR]

lol @ ignoring proudhon

+1

Lol...they just don't get it!

Among those that do get it there are also some of us that are just tired of a one-gag comedian rehashing (npi) the same material over and over.

[billyjoeallen]

http://www.bitcoiniacs.com/


Lol. They had to shut down the buying option.

If it's easier to sell bitcoin than buy it, what does that tell you? There are far more buyers than sellers. otherwise they could just buy and sell the same coins over and over.
This is bullish. They claim it's getting harder to buy on bitstamp, where they reload at. interesting. Of course they could buy my bitcoins if they were desperate enough, but my markup would be a little higher than theirs.

[billyjoeallen]

http://www.bitcoiniacs.com/


Lol. They had to shut down the buying option.

If it's easier to sell bitcoin than buy it, what does that tell you? There are far more buyers than sellers. otherwise they could just buy and sell the same coins over and over.
This is bullish. They claim it's getting harder to buy on bitstamp, where they reload at. interesting. Of course they could buy my bitcoins if they were desperate enough, but my markup would be a little higher than theirs.

bitsimple.com if you need to buy (or sell).

WAY too big of a spread between buying and selling. I can buy cheaper and sell higher on coinbase. I can sell higher on localcoins for cash. Maybe for very large orders, this would be better, but I'm not at that level yet.

[RicePicker]

http://www.bitcoiniacs.com/


Lol. They had to shut down the buying option.

If it's easier to sell bitcoin than buy it, what does that tell you? There are far more buyers than sellers. otherwise they could just buy and sell the same coins over and over.
This is bullish. They claim it's getting harder to buy on bitstamp, where they reload at. interesting. Of course they could buy my bitcoins if they were desperate enough, but my markup would be a little higher than theirs.

http://www.reddit.com/r/Bitcoin/comments/1w83db/weve_shut_down_the_buy_option_at_the_bitcoin_atm/

[ChartBuddy]

Explanation

[DaRude]

That 200BTC ask wall is starting to get annoying

Edit: On finex

[TERA]

If the latest movement on stamp, huobi, and btce was truly driven by mtgox panic  then I wouldn't be surprised if these sellers were the same ones buying this morning. It is all a game with margin trading or 0-fee trading. Now the Gox gap is up to $190 good god.

[HairyMaclairy]

That 200BTC ask wall is starting to get annoying

Edit: On finex

What are you using to look at bfx wall?  Or just looking at order book?

[windjc]

That 200BTC ask wall is starting to get annoying

Edit: On finex

What are you using to look at bfx wall?  Or just looking at order book?

There is no 200 wall on Bitfinex that I can see.

But it seems many are chasing unicorns tonight.

[dillpicklechips]

When Mt Gox was hacked a few years ago how many Bitcoins were stolen? Did Mt Gox buy BTC back from somewhere else or just keep all the user account balances the same without buying BTC to back them all up?

[aminorex]

bfx ask walls are pretty common these days, and they are real.  bfx is the real reason for the name 'bearstamp'.  levered shorts perhaps?