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

[aminorex]

seven btcusd spikes

[JayJuanGee]

Somebody is trying to reinforce the Weekend Dip myth =)

You mean like a whale or a bot?    I get the sense that these whales and bots are somewhat limited in how much they can do... surely they can manipulate, but they have to take advantage of public sentiment, so some extent... and if public sentiment is NOT strong, then the whales and/or bots can edge the price in one direction or another.. ... That's my current thinking on the bots whale situation and their ability to manipulate... .. unless of course, if they are NOT profit motivated, then that could change the dynamics more, even though it would cost the manipulator more money to accomplish the objective... b/c that kind of manipulator would be likely to be running at a loss just to get their way.. such as keeping the price down.

[Vigil]

And ugly.

And are you posing for Vogue?  If you were, would it justify that statement?  Do you really just want to hurt people?  Whatever you might get out of that, it's just not worth it.  Criticizing her journalism seems apt, perhaps even necessary, certainly justified.  But would you want someone telling the world your daughter was ugly?  I admit:  I say nasty things sometimes.  Then I feel bad about it, and try not to do it again.

Do what you want.

[JorgeStolfi]

Based on this current downtrend in BTC prices (over the last couple of days)... I guess the BTC market remains a little worried about additional negative and uncertainties in the news, such as: GOX moving of coins, Japanese declaration of BTC as a non-currency and this twobit guy potentially outing the foundation members on Monday...   Maybe those news items are driving our current downward (sell) pressure.    

I have no idea about what the price may do over the weekend.  Even my "Slumber" predictions, for ~20--24 h ahead, are not expected to hold  if there is too much volume late into the night -- and there seems to be no way of predicting those Albertosaurs.

However, I believe that the Chinese exchanges are the main drivers of the price, simbply because they are 80% of the volume, and appear to have greater liquidity.  However, their traders do not seem to be very much tuned into bitcoin news.  Most of those news are about developments in the West that have no impact in China.  If the Chinese react to some development (like the Bloomberg rumor), it is because some Western exchange reacted strongly to it first (so strongly that arbitrage was overwhelmed), and then the Chinese went into panic buy or panic sell.  That is my impression.

EDIT: typos.

[seleme]

Time to the most popular game of the day..Internet detective or chief fud engineer . I really hope i'm wrong
evidence #1

1191 BTC

evidence #2


evidence #3
Last Active:    February 25, 2014, 02:34:46 PM

evidence #4
http://www.youtube.com/watch?v=K2ku1A5Ox8U
i know he said he hired someone on fiverr but that could be to hide he's really a she?

evidence #5
Autumn Radtke, chief executive of First Meta Pte Ltd, was found dead at her Singapore home on Feb 26.

Well, I hope not. I'm the last one who TheKozi was involved in conversation with here  

[JorgeStolfi]

Since dinosaurs have been added, these slumber posts have really become much clearer to me.

Thanks. They do seem to have helped, I did not expect that.  Thanks to @Walsoraj for the suggestion.   

I think you're onto something.

Maybe... I will keep trying, we'll see how it goes.

[Vigil]

Time to the most popular game of the day..Internet detective or chief fud engineer . I really hope i'm wrong
evidence #1

1191 BTC

evidence #2
evidence #3
Last Active:    February 25, 2014, 02:34:46 PM

evidence #4
http://www.youtube.com/watch?v=K2ku1A5Ox8U
i know he said he hired someone on fiverr but that could be to hide he's really a she?

evidence #5
Autumn Radtke, chief executive of First Meta Pte Ltd, was found dead at her Singapore home on Feb 26.

This is just too creepy and sad to think about. I hope whoever sent that money realized that its just life and is figuring out how to work their way back up. But if I had 1000+ BTC, I'd have been out. that is plenty. You are talking at least 10 - 100 million when it all said and done.

[JayJuanGee]

Based on this current downtrend in BTC prices (over the last couple of days)... I guess the BTC market remains a little worried about additional negative and uncertainties in the news, such as: GOX moving of coins, Japanese declaration of BTC as a non-currency and this twobit guy potentially outing the foundation members on Monday...   Maybe those news items are driving our current downward (sell) pressure.    

I have no idea about what the price may do over the weekend.  Even my "Slumber" predictions, for ~20--24 h ahead, are not expected to hold  if there is too much volume late into the night -- and there seems to be no way of predicting those Albertosaurs.

However, I believe that the Chinese exchanges are the main drivers of the price, simbply because they are 80% of the volume, and appear to have greater liquidity.  However, their traders do not seem to be very much tuned into bitcoin news.  Most of those news are about developments in the West that have no impact in China.  If the Chinese react to some development (like the Bloomberg rumor), it is because some Western exchange reacted strongly to it first (so strongly that arbitrage was overwhelmed), and then the Chinese went into panic buy or panic sell.  That is my impression.

EDIT: typos.

You may be correct that is why sometimes we get these BTC price spike reactions that seem to be disconnected from anything that we can really wrap our minds around besides pure momentum -  driven by volume, largely from chinese exchanges, as you mentioned... even though sometimes it is alleged that aspects of the chinese volume is fake.... but sometimes it seems logical to achieve even additional volume when the trading fees are zero or close to zero.

[seleme]

Piss off Bitcoin, I want to sleep  

Come on, one more jump and I can hit the bed 

[Davyd05]

people are just caught up in Satoshi Fud, and Gox coins moving to wallets...good ol' uncertainty is back...won't last to long as eventually the next set of info will splash the market

[seleme]

people are just caught up in Satoshi Fud, and Gox coins moving to wallets...good ol' uncertainty is back...won't last to long as eventually the next set of info will splash the market

The most funny thing is when those TA self-precious smartarses claim that news doesn't affect the price. Yeah, their fancy lines do it, lol.

[TERA]

Why is it just drifting down on no volume? Last year's retracement had high volume. It was just this big fast dump and then it started climbing again.

[jl2012]

Failed. He/she is likely an American: https://bitcointalk.org/index.php?action=profile;u=4129;sa=statPanel

Time to the most popular game of the day..Internet detective or chief fud engineer . I really hope i'm wrong
evidence #1

1191 BTC

evidence #2
img

evidence #3
Last Active:    February 25, 2014, 02:34:46 PM

evidence #4
http://www.youtube.com/watch?v=K2ku1A5Ox8U
i know he said he hired someone on fiverr but that could be to hide he's really a she?

evidence #5
Autumn Radtke, chief executive of First Meta Pte Ltd, was found dead at her Singapore home on Feb 26.

[delphic]

Time to the most popular game of the day..Internet detective or chief fud engineer . I really hope i'm wrong
evidence #1

1191 BTC

evidence #2


evidence #3
Last Active:    February 25, 2014, 02:34:46 PM

evidence #4
http://www.youtube.com/watch?v=K2ku1A5Ox8U
i know he said he hired someone on fiverr but that could be to hide he's really a she?

evidence #5
Autumn Radtke, chief executive of First Meta Pte Ltd, was found dead at her Singapore home on Feb 26.

I fear that you are right.

There is a video of Autumn speaking here http://upstart.bizjournals.com/news/technology/2014/03/05/death-of-bitcoin-expert-autumn-radtke.html

Her voice and accent seem very similar to TheKoziTwo's in the songs.

Edit: TheKoziTwo's account settings suggest a European (GMT) timezone. Autumn was American, but Singapore-based.

[HairyMaclairy]

Why is it just drifting down on no volume? Last year's retracement had high volume. It was just this big fast dump and then it started climbing again.

At this stage I am just putting it down to the usual weekend dump.  It's only $40 down.  Yes it broke downwards and screwed up the nice pennant but it's not very convincing.

[HairyMaclairy]

I hope that's not true. I love that song.

[TERA]

News has a short term effect on price which snaps back to regular supply/demand levels within a matter of days or less.

[el_rlee]

btc-e coming up, 620 now

[seleme]

Few, that was beautiful 1500$ gift for me on BTC-e before sleep.

Bought 50 on dip to 593 like half an hour ago, someone just bought my sell orders at 630  

[stylin]

The most funny thing is when those TA self-precious smartarses claim that news doesn't affect the price. Yeah, their fancy lines do it, lol.

It doesn't matter if it's news or fud or fear or hope that affects the price, the truth is in the chart. The charts will tell you where the price is moving, where the volume is and so on. You can analyze the charts without having to care about what "news" drives the movements, the effect of "news" and the actual response will be clearly visible regardless.

It also does not matter if the war is not real, or when it is, that victory is not possible. The war is not meant to be won. It is meant to be continuous. The essential act of modern warfare is the destruction of the produce of human labour. A hierarchical society is only possible on the basis of poverty and ignorance. In principle, the war effort is always planned to keep society on the brink of starvation

I use TA. I believe in it. Only as a small factor in my trading decisions however, maybe 10%. The thing about TA is that it is always right in retrospect. It is just hard to use to predict things. I find that using TA over multiple orders of timeframes (say, 2 days, 2 hours, and 15 minutes) can help if they all agree with each other. I think traders are foolish to completely ignore TA.