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

[pietje]

So is it time to buy now before the next run on 825?

If the market behaves like the last 3 weeks, yes.
Else probably not :p

And dont forget that China's banks are opening soon so maybe we dont stop at 825.

[TERA]

So is it time to buy now before the next run on 825?

If the market behaves like the last 3 weeks, yes.
Else probably not :p

And dont forget that China's banks are opening soon so maybe we dont stop at 825.

Or Chinese use the opportunity to cash out, and it breaks downwards.

[pietje]

So is it time to buy now before the next run on 825?

If the market behaves like the last 3 weeks, yes.
Else probably not :p

And dont forget that China's banks are opening soon so maybe we dont stop at 825.

Or Chinese use the opportunity to cash out, and it breaks downwards.

They could've cashed out before new year if they wanted to. Deposits at btc China are new and wil start when the banks open.

[Dragonkiller]

I see a pattern:

Mid-week dump (usually coincides with some FUD), followed by a weekend rally.

[TERA]

So is it time to buy now before the next run on 825?

If the market behaves like the last 3 weeks, yes.
Else probably not :p

And dont forget that China's banks are opening soon so maybe we dont stop at 825.

Or Chinese use the opportunity to cash out, and it breaks downwards.

They could've cashed out before new year if they wanted to. Deposits at btc China are new and wil start when the banks open.

Deposits at btcchina aren't adding anything new. Chinese already had the ability to deposit via Huobi. Most likely almost nobody deposits to btcchina because the liquidity (volume) is at huobi now.

[pietje]

So is it time to buy now before the next run on 825?

If the market behaves like the last 3 weeks, yes.
Else probably not :p

And dont forget that China's banks are opening soon so maybe we dont stop at 825.

Or Chinese use the opportunity to cash out, and it breaks downwards.

They could've cashed out before new year if they wanted to. Deposits at btc China are new and wil start when the banks open.

Deposits at btcchina aren't adding anything new. Chinese already had the ability to deposit via Huobi. Most likely almost nobody deposits to btcchina because the liquidity (volume) is at huobi now.

Because Huobi is 0% fee's. When that changes BTC China still has its name and i can see things moving to there again.
There Always was the fear about Huobi shutting down and putting china out of the game. Now there is a backup.

[TERA]

Neither of the exchanges were ever shut down - only affected by the decisions of their operators to enable/disable deposit methods. Now if the PBOC or chinese government actually comes out and shuts down corporate bank accounts doing btc business then it will likely affect both exchanges at the same time.

[Kramerc]

If Huobi is shut down, there is no way in hell BTC China remains up. They do not have any priviledged status. On the contrary, history has shown us the opposite.

[ChartBuddy]

Explanation

[TERA]

I don't see a reason why trading would suddenly move back to btcchina if all the of the volume is already at Huobi - what would cause that mass movement to happen? Huobi even has 0% fees. Yes btcchina has the maker taker program but 0 fees is better and maker taker and is a pain in the ass to use unless you're using a bot to beat all the other bots using it. BtcChina also has negative stigma now about being unreliable and having an owner going back and forth with wanton decisions.

[empowering]

I don't see a reason why trading would suddenly move back to btcchina if all the of the volume is already at Huobi - what would cause that mass movement to happen? Huobi even has 0% fees. Yes btcchina has the maker taker program but 0 fees is better and maker taker and is a pain in the ass to use unless you're using a bot to beat all the other bots using it. BtcChina also has negative stigma now about being unreliable and having an owner going back and forth with wanton wonton decisions.

FTFY : )

[billyjoeallen]

Why have so many people bought my coins at $900 and sold them back to me at $785?  The only trade better than that is shorting Apple stock.

[samson]

Apple news ? Really ?

I fail to see why anyone would give a crap what Apple do or don't keep in their app store and how it could ever affect the price of Bitcoin.

[gizmoh]

btc-e down?

Looks like a coordinated attack on exchanges!

[surfer43]

btc-e down?

Looks like a coordinated attack on exchanges!

Not down for me 

[TERA]

Apple news ? Really ?

I fail to see why anyone would give a crap what Apple do or don't keep in their app store and how it could ever affect the price of Bitcoin.

Because mobile devices are the typical wallet for an everyday bitcoin end user visiting his local merchants in a widespread adoption scenario and apple is a huge portion of mobile devices. Using the blockchain app with the clean interface and the QR scanner is very fun and apple just took that fun away for half of bitcoin users on mobile devices. It also reduces exposure and attaches a negative stigma.

[obitoo]

Apple news ? Really ?

I fail to see why anyone would give a crap what Apple do or don't keep in their app store and how it could ever affect the price of Bitcoin.

Because mobile devices are the typical wallet for an everyday bitcoin end user visiting his local merchants in a widespread adoption scenario and apple is a huge portion of mobile devices. Using the blockchain app with the clean interface and the QR scanner is very fun and apple just took that fun away for half of bitcoin users on mobile devices. It also reduces exposure and attaches a negative stigma.

more like a quarter

http://asset0.cbsistatic.com/cnwk.1d/i/tim2/2014/01/06/kantar-smartphone-marketshare.jpg

[samson]

Apple news ? Really ?

I fail to see why anyone would give a crap what Apple do or don't keep in their app store and how it could ever affect the price of Bitcoin.

Because mobile devices are the typical wallet for an everyday bitcoin end user visiting his local merchants in a widespread adoption scenario and apple is a huge portion of mobile devices. Using the blockchain app with the clean interface and the QR scanner is very fun and apple just took that fun away for half of bitcoin users on mobile devices. It also reduces exposure and attaches a negative stigma.

My main point being that apple isn't an open system and they like to be assholes at all times.

Remember any 'in app' purchases that happen inside an App are subject to the Apple tax of 30%.

I guess they couldn't come up with a way to apply this tax to Bitcoin transactions so they ban it.

Use Android instead and don't develop for IOS, it will become obsolete on phones in time unless they change their ways.

[electronistul]

I read some Twitter comments today about people selling (destroying / smashing) their iPhones just because of that.
The ones who really need the bit/lite/doge wallet functionality will eventually switch to an OS that isn't controlled by a select few, just like the blockchain is supposed to be.

[TERA]

Apple news ? Really ?

I fail to see why anyone would give a crap what Apple do or don't keep in their app store and how it could ever affect the price of Bitcoin.

Because mobile devices are the typical wallet for an everyday bitcoin end user visiting his local merchants in a widespread adoption scenario and apple is a huge portion of mobile devices. Using the blockchain app with the clean interface and the QR scanner is very fun and apple just took that fun away for half of bitcoin users on mobile devices. It also reduces exposure and attaches a negative stigma.

more like a quarter

I was thinking of U.S.