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

[podyx]

love the bearish sentiment

this is what will take us to new heights

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[UnDerDoG81]

Pretty positive article about bitcoin, saying that Bitcoin is still at the beginning, just get rid of its baby teeth. There was also a very good clip on TV about Bitcoin last week in Germany. The MTGox Bancrupty brings more and more people to bitcoin and more and more media attention.

I´m hodling ^^

http://www.heise.de/newsticker/meldung/Kommentar-zu-Mt-Gox-Mein-halbvollstes-Vertrauen-fuer-Bitcoin-2133204.html

[Richy_T]

I think it was Hunter S. Thompson (maybe others too) who said, "In a democracy, people get the government they deserve."

One might add that financial systems are under control of governments and by extension, the people.

Looks like that quote is often attributed to several different people. But I think this one is more appropriate.

Democracy is the theory that the common people know what they want, and deserve to get it good and hard.
  -- H. L. Mencken

[JayJuanGee]

so its official stamps is the new gox

we're all going to get stamped!

 

my impression from my, admittedly brief, tenure over on the cool kids forum was that the smart money is on BTC-e...believe it or not

What is "smart" money?  As compared with non-smart money?

I am NOT one of them b/c I believe in government as the will of the people.

So do the libertarians.

I may have overstated this point to some extent - b/c I recognize that there may exist several flavors of libertarianism...

My main point is that i do NOT view govt as the problem.  However, I do believe that too much money influence in buying politicians is more frequently the problem that makes our government go awry.... ... ultimately, money should NOT be used to purchase politicians or to divert them from representing the will of the people.

I was being a little obtuse but my point was that libertarians do not believe that "the will of the people" is the be-all and end-all of what is right. Central to most right-libertarian philosophy is the non-aggression principle and democracy is two wolves and a lamb deciding what to have for dinner.

Yeah... maybe each of us is being a little obtuse b/c I am NOT really very inclined to get into some in-depth political debate about whether or NOT libertarianism is a good idea or even necessarily to discuss the role of the vote, representation, the will of the people or money in politics.  

Even though politics may in several ways come to bear in the discussion of bitcoin and other crypto-currencies,  I was personally attempting to make the point that whether a person believes in bitcoin or NOT does NOT necessarily have to concern whether he believes in big government or NOT.  

Frequently, there can be tensions with various competing ideologies concerning the largess and the role of govt, yet in the end,   it DOES NOT seem to be black and white - especially when it comes to blanket statements concerning whether govt should be big or small....

[TERA]

I've been pretty bullish lately but I do have one concern. The injection of fiat into bitstamp order books seems to have stopped. There isn't any more fiat on the books nows than there was in the past week in the 500 levels. The amount of selling (in btc) to reach 400 is exactly the same and the total amount of fiat on the books is actually LESS because all the bids in the 300s and 200s were removed.  If I don't see another fiat injection in the next week, I am going to get really concerned.

A bull may be transformed into a bear?

Do you have to have a Bitstamp account to view this information?

 I do NOT have an account, but I can view the bid and ask order books - but only back so far.  Currently, with the price at $663, I can see between $530 and $796.  I did NOT know that anyone could view beyond those order price points.

http://bitcoinity.org/markets/bitstamp/USD

[Davyd05]

pish posh boys, the stock markets rebound and people who bought in low on a bitcoin hedge with Russia heading into the Crimea are able to sell for a profit and bought back in on the lows in the stock markets

[adamstgBit]

I've been pretty bullish lately but I do have one concern. The injection of fiat into bitstamp order books seems to have stopped. There isn't any more fiat on the books nows than there was in the past week in the 500 levels. The amount of selling (in btc) to reach 400 is exactly the same and the total amount of fiat on the books is actually LESS because all the bids in the 300s and 200s were removed.  If I don't see another fiat injection in the next week, I am going to get really concerned.

A bull may be transformed into a bear?

Do you have to have a Bitstamp account to view this information?

 I do NOT have an account, but I can view the bid and ask order books - but only back so far.  Currently, with the price at $663, I can see between $530 and $796.  I did NOT know that anyone could view beyond those order price points.

http://bitcoinity.org/markets/bitstamp/USD

on high volume days stamps can trade over 100K coins
pretty sure >90% of depth is off the books
dont worry about it

[seleme]

Go back to school and you will know where Slovenia is. It seems it is leading country for cryptocurrency trading. Still waiting for someone else from respectful country like yours to show something better.
Some have Hitler and Bosh, some have Bush and you, but we have Bitstamp.


Anyway, the 'glitch' was just the begining.


All your bitcoins are belong to us.

According to Wikipedia, Slovenia wasn't even a country until 1991, by which time I was out of school. It was part of Yugoslavia before that, which makes sense. Bitstamp code is to computer engineering as the Yugo was to automotive engineering.

I mean, seriously, how fucked and out of this world and some general knowledge, one has to be to need Wikipedia to find out about Slovenia.

But gues, it's not strange since Bush was on one meeting in Slovenia back at his president time and said - "I'm so glad to finally visit Slovakia."

You Americans are such fucktards sometimes 

[JayJuanGee]

I've been pretty bullish lately but I do have one concern. The injection of fiat into bitstamp order books seems to have stopped. There isn't any more fiat on the books nows than there was in the past week in the 500 levels. The amount of selling (in btc) to reach 400 is exactly the same and the total amount of fiat on the books is actually LESS because all the bids in the 300s and 200s were removed.  If I don't see another fiat injection in the next week, I am going to get really concerned.

A bull may be transformed into a bear?

Do you have to have a Bitstamp account to view this information?

 I do NOT have an account, but I can view the bid and ask order books - but only back so far.  Currently, with the price at $663, I can see between $530 and $796.  I did NOT know that anyone could view beyond those order price points.

http://bitcoinity.org/markets/bitstamp/USD

Thanks a lot for that.  

I guess personally the significance is NOT quite sinking in.  I understand your point that it would be more difficult for bitcoin to go up in price if fiat is NOT coming into exchanges in order to allow for BTC purchases. I suppose that you are suggesting that you would like to see more fiat come in, in order to prices to go up?  I do NOT really see much fluctuation in the chart in current times, However, in early November it appeared that a lot of dollars went into exchanges preceding the rise in BTC prices.

on high volume days stamps can trade over 100K coins
pretty sure >90% of depth is off the books
dont worry about it

Yeah whether the trades are on or off the books, I would imagine, unless there are considerable extremes, the numbers are NOT really going to affect predicting prices.

[Richy_T]

I'd estimate that roughly 99% of all bitcoin transactions are associated with gambling.

Wanna bet?

[roslinpl]

 Soon time to sleep want to wake up and see 750$.


NiteNite.

[Richy_T]

Thanks. I finally got off my butt and moved my coins to mycelium off the exchange because of this post.

I like Mycelium a lot but I would suggest not keeping a majority of your coins on it (Maybe if it is on a device that you keep switched off and in a safe for the most part).

[Richy_T]

Even though politics may in several ways come to bear in the discussion of bitcoin and other crypto-currencies,  I was personally attempting to make the point that whether a person believes in bitcoin or NOT does NOT necessarily have to concern whether he believes in big government or NOT.  

True enough. There is a lot against Bitcoin to like. That it prevents theft via inflation is just one more thing to like about it from my POV.

[Richy_T]

I mean, seriously, how fucked and out of this world and some general knowledge, one has to be to need Wikipedia to find out about Slovenia.

But gues, it's not strange since Bush was on one meeting in Slovenia back at his president time and said - "I'm so glad to finally visit Slovakia."

You Americans are such fucktards sometimes 

American news is lamentably bad at foreign affairs. And I mean really, really bad. In fact, even worse than that.

[seleme]

I mean, seriously, how fucked and out of this world and some general knowledge, one has to be to need Wikipedia to find out about Slovenia.

But gues, it's not strange since Bush was on one meeting in Slovenia back at his president time and said - "I'm so glad to finally visit Slovakia."

You Americans are such fucktards sometimes  

American news is lamentably bad at foreign affairs. And I mean really, really bad. In fact, even worse than that.

I think it's more about general education tbh. We don't have Vanuatu in news here ever but I've heard for it and know where it is.

Your colleges and specialized education is top notch but stuff below that is way below par in most of other parts of the World.

And then there is that - we don't give a shit about anything that is out of America so we don't have to know about it (unless there's oil there :p)

[Ivanhoe]

China on the move again. For the Americans here, China is a country in Asia. http://en.wikipedia.org/wiki/China

[Walsoraj]

China on the move again. For the Americans here, China is a country in Asia. http://en.wikipedia.org/wiki/China

k, thx

[seleme]

China on the move again. For the Americans here, China is a country in Asia. http://en.wikipedia.org/wiki/China

 

[seleme]

BTW, back to speculation...

Again, I don't have a bloody idea where is this heading.

[Walsoraj]

BTW, back to speculation...

Again, I don't have a bloody idea where is this heading.

$180 by Friday.