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

[dgarcia]

when it rains it pours!
the bottom is falling out!
ahhhhhhhhhhhhh!

was looking at mtgox chart

wtf Goxers have gone insane

*
still in denial bull ? bitcoin has no value.

omg your right!
realizing the truth makes me so sad
 

And Adam? Will you hold your recently bought coins or risk speculating for more sell-off?

[1714004120]

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[Odalv]

Choo chooooo
Back to the future.

https://i.imgur.com/XiuZr8u.jpg

[podyx]

CCMF = CHOO CHOO MOTHERSFUCKERS and CHEAP COINS MOTHERFUCKERS??  

this will be confusing 

[adamstgBit]

when it rains it pours!
the bottom is falling out!
ahhhhhhhhhhhhh!

was looking at mtgox chart

wtf Goxers have gone insane

*
still in denial bull ? bitcoin has no value.

omg your right!
realizing the truth makes me so sad
 

And Adam? Will you hold your recent bought coins or risk speculating for more sell-off?

i'm buying daily at this point

[ChartBuddy]

Explanation

[JorgeStolfi]

We are so far below the super-exponential trendline... Obvious buying opportunity! $100 000/BTC before autumn!

Have you heard of Ackerman's Function?  It may be a better fit to the charts than super-exponential.



 

[Drabla]

My humble opinion:

Sideways - bounce up. Back down before gox news.

It seems as the other exchanges are just watching what MtGox does but are not following it directly.
750 on stamp/btce seems very unlikey. But well see. I'm out till next 4h close

[JorgeStolfi]

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


               !   Wed !   Thu !   Fri !   Sat !   Sun !   Mon !   Tue !   Wed !    Thu !    Fri !    Sat !                     
  EXCHANGE     ! 01/29 ! 01/30 ! 01/31 ! 02/01 ! 02/02 ! 02/03 ! 02/04 ! 02/05 !  02/06 !  02/07 !  02/08 ! Currencies considered

  MtGOX        |  7.21 |  6.60 |  4.45 |  5.13 |  2.28 |  3.37 |  5.40 |  8.20 |  21.54 |  58.89 |  26.82 | USD,EUR,GBP,AUD,JPY 
  Bitstamp     |  7.04 | 13.13 |  7.73 |  8.30 |  4.07 |  4.93 |  7.59 |  8.48 |  20.65 |  42.79 |  13.50 | USD                 
  BTC-e        |  6.53 | 12.54 |  4.65 |  6.30 |  4.74 |  5.75 |  4.51 |  6.55 |   9.72 |  31.84 |  11.67 | USD,EUR,RUR         
  BitFinEx     |  3.87 |  8.18 |  3.91 |  4.54 |  3.15 |  3.45 |  3.36 |  5.22 |  21.11 |  66.36 |  11.12 | USD                 
  CaVirtEx     |  0.21 |  0.25 |  0.24 |  0.24 |  0.20 |  0.08 |  0.17 |  0.18 |   0.39 |   1.07 |   0.57 | CAD                 
  Bitcoin.DE   |  0.33 |  0.47 |  0.35 |  0.33 |  0.35 |  0.51 |  0.27 |  0.31 |   0.61 |   1.30 |   0.37 | EUR                 
  Kraken       |  0.24 |  0.37 |  0.20 |  0.23 |  0.15 |  0.21 |  0.29 |  0.23 |   0.59 |   1.45 |   0.37 | EUR                 
  CampBX       |  0.07 |  0.06 |  0.05 |  0.23 |  0.16 |  0.10 |  0.12 |  0.16 |   0.21 |   0.82 |   0.27 | USD                 
  Crypto-Trade |   .   |  0.01 |   .   |  0.01 |  0.01 |   .   |  0.01 |  0.01 |   0.04 |   0.05 |   0.01 | USD                 

  SUBTOTAL     | 25.50 | 41.61 | 21.58 | 25.31 | 15.11 | 18.40 | 21.72 | 29.34 |  74.86 | 204.57 |  64.70 |                     

  Huobi        | 32.14 | 29.27 | 15.26 | 28.86 | 26.27 | 24.77 | 18.65 | 19.55 |  39.97 | 131.91 |  77.00 | CNY                 
  OKCoin       | 29.11 | 18.56 | 17.11 | 20.38 | 20.00 | 18.09 | 12.77 | 12.33 |  26.07 |  74.37 |  37.63 | CNY                 
  BTC-China    |  1.94 |  1.99 |  1.17 |  2.31 |  2.21 |  1.70 |  1.33 |  1.54 |   4.09 |  17.66 |   6.86 | CNY (NOTE 1)         

  SUBTOTAL     | 63.19 | 49.82 | 33.54 | 51.55 | 48.48 | 44.56 | 32.75 | 33.42 |  70.13 | 223.94 | 121.49 |                     

  TOTAL        | 88.69 | 91.43 | 55.12 | 76.86 | 63.59 | 62.96 | 54.47 | 62.76 | 144.99 | 428.51 | 186.19 |                     



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. Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

Coinbase is said to use Bitstamp for currency conversion.

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".)

(NOTE 1) On 2014-01-30, BTC-China had a burst of extremely fast, regular and atypical transactions, all with similar amounts (a few tens of BTC) and prices (~4836 CNY), adding up to about 41,050 BTC.  The burst started suddenly around 17:00 UTC and and stopped suddenly around 19:30 UTC. Presumably those transactions were made by a faulty robot trading against itself or some other robot, and did not represent actual exchange of money and bitcoins between distinct individuals. Therefore those anomalous transactions were subtracted from the BTC-China volume for Jan/30.

[JorgeStolfi]

Total volume today (Sat Feb/08 UTC) was less than half of yesterday's. 

Non-China shrunk ~70%, China shrunk ~46%; so today China was ~65% of total volume.

M:tGOX shrunk less than the other non-Chinese exchanges.  It again had the largest volume among them, now twice as much as Bitstamp.

BTC-China's volume was ~1/3 of yesterday and was ~5.6% of the total Chinese volume (previous percentages were ~4.5%, ~5.8%, ~7.8%).

[aminorex]

Exchanges are running out of supply again, especially Mt.Gox, if you wish to include it as an exchange.  Bitstamp is trying to eat the iiquidity at 650, but can't seem to find enough coins to do it.  I suspect we will see 720 within 24 hours.

[RicePicker]

Exchanges are running out of supply again, especially Mt.Gox, if you wish to include it as an exchange.  Bitstamp is trying to eat the iiquidity at 650, but can't seem to find enough coins to do it.  I suspect we will see 720 within 24 hours.

Order books lie. More coins will come find their way into the system as people see their wealth drop 10-20% overnight and panic. 

[ChartBuddy]

Explanation

[adamstgBit]

my sister says "the price dropping is depressing, if it drops any lower i'm selling everything" the bottom is real fucking close guys, if not already here  

[fonzie]

http://www.theverge.com/2014/2/7/5386222/a-string-of-thefts-hit-coinbase-bitcoins-most-reputable-wallet-service

[cee-euros]

New month low for ltc/usd just happened if anyones interested

[hodl_2015]

Nice. a large Dutch bank decided that the only way to do software upgrades is by closing all payments during the whole night. Can't get at my Euro's for another 4.5 hours (with a bit of luck). Bitcoin turns out to be a whole lot more reliable than my local bank 

[solex]

my sister says "the price dropping is depressing, if it drops any lower i'm selling everything" the bottom is real fucking close guys, if not already here  

If gox actually does start releasing coins on Monday then the snapback will be monumental.
Of course, they might have taken the weekend off and will start Monday working on their software instead.

[ChartBuddy]

Explanation

[aminorex]

Exchanges are running out of supply again, especially Mt.Gox, if you wish to include it as an exchange.  Bitstamp is trying to eat the iiquidity at 650, but can't seem to find enough coins to do it.  I suspect we will see 720 within 24 hours.

Order books lie. More coins will come find their way into the system as people see their wealth drop 10-20% overnight and panic. 

No coins are stupid enough to move to Gox.  I doubt Gox can sell down to 625

[dgarcia]

Nice. a large Dutch bank decided that the only way to do software upgrades is by closing all payments during the whole night. Can't get at my Euro's for another 4.5 hours (with a bit of luck). Bitcoin turns out to be a whole lot more reliable than my local bank  

Ask the people on Gox how reliable are Bitcoins as compared to Fiat on banks ;-)

Okay, okay...

...I'll stop trolling for a moment. It's not Bitcoin, it's Gox.

This exchange is disgrace for Bitcoin.

(I like bearmarkets pretty much as bullmarkets, but I hope they put this fu' inept idiot of Karpeles in jail...)