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

[electronistul]

You gotta be kiddn me   

http://www.cryptocoincharts.info/v2/markets/info

BTC China back on track with the largest volume traded ?! Not even one day after the announcement ?
I couldn't fing the pic with the dog at the keyboard with the "I have no clue what I'm doing" meme, but it would probably fit in here perfectly...

[gibbtek]

http://thegoxreport.com/

Lines are going down... is this good? Thoughts?

of course not, 50% of the Bitcoins that will arrive will get dumped immediately on Stamp

cheap coins then? bounty!

[fonzie]

http://thegoxreport.com/

Lines are going down... is this good? Thoughts?

of course not, 50% of the Bitcoins that will arrive will get dumped immediately on Stamp

cheap coins then? bounty!

You can only call them cheap if you´re sure that the price will go higher afterwards.

[gibbtek]

http://thegoxreport.com/

Lines are going down... is this good? Thoughts?

of course not, 50% of the Bitcoins that will arrive will get dumped immediately on Stamp

cheap coins then? bounty!

You can only call them cheap if you´re sure that the price will go higher afterwards.

I am... I've got source here somewhere... rummage rummage rummage

[BRADLEYPLOOF]

You can only call them cheap if you´re sure that the price will go higher afterwards.

I am... I've got source here somewhere... rummage rummage rummage

You have nothing until it's Proudhon Approved...

[ChartBuddy]

Explanation

[fonzie]

Winklevoss ETF will probably not get launched this year.

"However, Moriarty isn’t optimistic about the proposal, even with the as-yet unannounced revisions. She told Bloomberg that she believes it is unlikely to pass in 2014."

http://www.coindesk.com/winklevoss-to-submit-revised-bitcoin-etf-sec/

[Patel]

Winklevoss ETF will probably not get launched this year.

"However, Moriarty isn’t optimistic about the proposal, even with the as-yet unannounced revisions. She told Bloomberg that she believes it is unlikely to pass in 2014."

http://www.coindesk.com/winklevoss-to-submit-revised-bitcoin-etf-sec/

Fortress ETF will take WBT's place in 2014

[surfer43]

Explanation

get your cheap bitcoins while they last!  

[voidmain]

BTC China chart looks very stable.
https://i.imgur.com/FDW0Ryi.png

The heavy volume looks interesting here. Zooming in to 1 minute chart.
https://i.imgur.com/C1f0ziN.png

It is obvious to me that with the BTC China bank deposit re-acceptance news, people began to buy BTC at there.
Immediately, someone sold those exact amount just to keep the price stable. What a trade volume!
Being successful, people gave up making short profit. Significant volume down.
I call it price control... but who and why? when does this "project" finish?
The moment it finishes, price would start to move. I don't think it would be downward.

[jl2012]

It is obvious to me that with the BTC China bank deposit re-acceptance news, people began to buy BTC at there.
Immediately, someone sold those exact amount just to keep the price stable. What a trade volume!
Being successful, people gave up making short profit. Significant volume down.
I call it price control... but who and why? when does this "project" finish?
The moment it finishes, price would start to move. I don't think it would be downward.

I think it's just some bot testing

[ChartBuddy]

Explanation

[meanig]

Winklevoss ETF will probably not get launched this year.

"However, Moriarty isn’t optimistic about the proposal, even with the as-yet unannounced revisions. She told Bloomberg that she believes it is unlikely to pass in 2014."

http://www.coindesk.com/winklevoss-to-submit-revised-bitcoin-etf-sec/

That's a misquote. She doesn't mention being optimistic nor pessimistic. All she states is that it's unlikely to be approved in 2014 which isn't unusual for a new type of ETF.

[flynn]

It is obvious to me that with the BTC China bank deposit re-acceptance news, people began to buy BTC at there.
Immediately, someone sold those exact amount just to keep the price stable. What a trade volume!
Being successful, people gave up making short profit. Significant volume down.
I call it price control... but who and why? when does this "project" finish?
The moment it finishes, price would start to move. I don't think it would be downward.

I think it's just some bot testing

Right. A bot went berserk and sold/bought the same coins again and again.

[BitcoinAshley]

Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-)

I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... 

[surfer43]

It is obvious to me that with the BTC China bank deposit re-acceptance news, people began to buy BTC at there.
Immediately, someone sold those exact amount just to keep the price stable. What a trade volume!
Being successful, people gave up making short profit. Significant volume down.
I call it price control... but who and why? when does this "project" finish?
The moment it finishes, price would start to move. I don't think it would be downward.

I think it's just some bot testing

Right. A bot went berserk and sold/bought the same coins again and again.

Correct. A bot with an owner deep in bitcoin.

[Denton]

It is obvious to me that with the BTC China bank deposit re-acceptance news, people began to buy BTC at there.
Immediately, someone sold those exact amount just to keep the price stable. What a trade volume!
Being successful, people gave up making short profit. Significant volume down.
I call it price control... but who and why? when does this "project" finish?
The moment it finishes, price would start to move. I don't think it would be downward.

I think it's just some bot testing

Right. A bot went berserk and sold/bought the same coins again and again.

It was actually two bots. One of the bots exploited the market maker-taker fee structure to extract from the other bot 0,3% for every trade.

[podyx]

Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-)

I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... 

would that mean bitcoin price up or down?

[surfer43]

Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-)

I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... 

It will only be another month or two...  

[surfer43]

Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-)

I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... 

would that mean bitcoin price up or down?

Clearly up.