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

[adam9317]

Gosh would I love to have cash on gox right now. Stamp is so boring if you are waiting to buy.

I would agree with you, I have $ in stamp and I just cant find the right time to buy at, they are too steady!

[1714918506]

1714918506

[Hypnoise]

any body have bad news from fiat land. how it is going with planned February USA senate hearings on borrowing celling?

[TERA]

1 bitstamp = 2.6 goxcoins

[adam9317]

If all those gox guys head over to Bitstamp how do you reckon it would affect any arbitrage opportunities?

[oda.krell]

If you're on bitstamp and haven't sold yet I'm not sure what's going through your head

I haven't sold because we really don't know what's going on exactly at MtGox. This makes the market really unpredictable, nobody here knows how far Gox is going to slide down and what the manipulators with inside knowledge are planning there. If I had any fiat left on Bitstamp I would probably be placing my buy orders around the $550 mark and ready to do a market buy if MtGox comes out with positive news tomorrow. But I just don't feel like gambling with the coins I have right now, I really don't want to end up with fewer coins after this is all over.

Agreed, mostly.

For very obvious reasons, gox price is *justifiedly* decoupled from stamp price.

If however the situation on gox continues, I don't think stamp will entirely stay unaffected. Not for practical reasons so much as for psychological reasons: gox price is still quoted in the world, and at some point, the nervousness will translate into selling pressure on stamp as well. Not enough to go sub 500 maybe, but enough to bring the two exchanges a bit more in line.

[adam9317]

If you're on bitstamp and haven't sold yet I'm not sure what's going through your head

I haven't sold because we really don't know what's going on exactly at MtGox. This makes the market really unpredictable, nobody here knows how far Gox is going to slide down and what the manipulators with inside knowledge are planning there. If I had any fiat left on Bitstamp I would probably be placing my buy orders around the $550 mark and ready to do a market buy if MtGox comes out with positive news tomorrow. But I just don't feel like gambling with the coins I have right now, I really don't want to end up with fewer coins after this is all over.

Agreed, mostly.

For very obvious reasons, gox price is *justifiedly* decoupled from stamp price.

If however the situation on gox continues, I don't think stamp will entirely stay unaffected. Not for practical reasons so much as for psychological reasons: gox price is still quoted in the world, and at some point, the nervousness will translate into selling pressure on stamp as well. Not enough to go sub 500 maybe, but enough to bring the two exchanges a bit more in line.

I've got BTC in stamp but I bought in at 675, so I am trying to hold it out until the price rises to this so I can at least get my fiat out. it really is nerve-wracking and the Monday Gox announcement could send the price any way.

[Loozik]

LOL, are we going to $1 to Gox? Some sellers are insane.

This would be against Walsoraj's prediction of going only to 200-100.

[Davyd05]

love how they're spring loading the greatest rally of all time lol

[barbs]

If you're on bitstamp and haven't sold yet I'm not sure what's going through your head

I haven't sold because we really don't know what's going on exactly at MtGox. This makes the market really unpredictable, nobody here knows how far Gox is going to slide down and what the manipulators with inside knowledge are planning there. If I had any fiat left on Bitstamp I would probably be placing my buy orders around the $550 mark and ready to do a market buy if MtGox comes out with positive news tomorrow. But I just don't feel like gambling with the coins I have right now, I really don't want to end up with fewer coins after this is all over.

Agreed, mostly.

For very obvious reasons, gox price is *justifiedly* decoupled from stamp price.

If however the situation on gox continues, I don't think stamp will entirely stay unaffected. Not for practical reasons so much as for psychological reasons: gox price is still quoted in the world, and at some point, the nervousness will translate into selling pressure on stamp as well. Not enough to go sub 500 maybe, but enough to bring the two exchanges a bit more in line.

I guess this was my main point - I don't see the upside right now - joe bloggs doesn't see the upside - they just see a number that is 1000$ less than the all time high (239.69 just hit as i type this) within a few months. Boom is all I can see ahead.

[EuroTrash]

For very obvious reasons, gox price is *justifiedly* decoupled from stamp price.

If however the situation on gox continues, I don't think stamp will entirely stay unaffected. Not for practical reasons so much as for psychological reasons: gox price is still quoted in the world, and at some point, the nervousness will translate into selling pressure on stamp as well. Not enough to go sub 500 maybe, but enough to bring the two exchanges a bit more in line.

So, short term: if Gox enables BTC withdrawals, Stamp will go down because arbitrage. If Gox doesn't enable withdrawals, Stamp will go down because Gox dying will bring everyone down.

It looks to me like we are out of short-term scenarios where Stamp price goes up?

[medialab101]

I need to stop watching the Gox chart because it is blowing... my ... fucking... mind...

[Krabby]

:'|

[adam9317]

For very obvious reasons, gox price is *justifiedly* decoupled from stamp price.

If however the situation on gox continues, I don't think stamp will entirely stay unaffected. Not for practical reasons so much as for psychological reasons: gox price is still quoted in the world, and at some point, the nervousness will translate into selling pressure on stamp as well. Not enough to go sub 500 maybe, but enough to bring the two exchanges a bit more in line.

So, short term: if Gox enables BTC withdrawals, Stamp will go down because arbitrage. If Gox doesn't enable withdrawals, Stamp will go down because Gox dying will bring everyone down.

It looks to me like we are out of short-term scenarios where Stamp price goes up?

Arbitrage opportunities could be big depending on the gox announcement!

[barbs]

For very obvious reasons, gox price is *justifiedly* decoupled from stamp price.

If however the situation on gox continues, I don't think stamp will entirely stay unaffected. Not for practical reasons so much as for psychological reasons: gox price is still quoted in the world, and at some point, the nervousness will translate into selling pressure on stamp as well. Not enough to go sub 500 maybe, but enough to bring the two exchanges a bit more in line.

So, short term: if Gox enables BTC withdrawals, Stamp will go down because arbitrage. If Gox doesn't enable withdrawals, Stamp will go down because Gox dying will bring everyone down.

It looks to me like we are out of short-term scenarios where Stamp price goes up?

This is precicesly my point - Am i Missing something? I can't see any scenario where we're going to be going up from here on stamp

[RAJSALLIN]

I don't understand can someone please explain why people are selling at these prices at Gox? You can't get fiat out there anyway so why not keep your btc and hope for Gox allowing btc withdrawals soon? I don't get it.

[oda.krell]

For very obvious reasons, gox price is *justifiedly* decoupled from stamp price.

If however the situation on gox continues, I don't think stamp will entirely stay unaffected. Not for practical reasons so much as for psychological reasons: gox price is still quoted in the world, and at some point, the nervousness will translate into selling pressure on stamp as well. Not enough to go sub 500 maybe, but enough to bring the two exchanges a bit more in line.

So, short term: if Gox enables BTC withdrawals, Stamp will go down because arbitrage. If Gox doesn't enable withdrawals, Stamp will go down because Gox dying will bring everyone down.

It looks to me like we are out of short-term scenarios where Stamp price goes up?

I would add, "medium" term as well. I'm waiting for any kind of reversal signal in the form of really clear buying pressure, but I don't see it yet. So I can easily see us trading sideways-tending-downwards for another month, maybe two. Not the end of the world, if that happens, by the way, I'm long-term bullish as always

[DougTanner]

I don't even.

[TERA]

Stamp had a perfect setup for a breakout on 4 hour charts before gox happened. I made a 1% loss trading today.

[ChartBuddy]

Explanation

[adam9317]

What do you guys reckon that the 24 hour high for stamp will be today?