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

[podyx]

Look at someone like loaded or rpietila. You can bet they are helping their wealthy friends/family get bitcoins and properly secure them.

ummm... Loaded says he buys for people and that he lost coins on Gox. Risto was holding coins for people and lost them all. Might want to re-evaluate "properly secure them."

they actually lost coins?? loaded and risto? a large percentage?

[KeyserSoze]

they actually lost coins?? loaded and risto? a large percentage?

Yes they lost coins, so they said. Do not know how much. I imagine Loaded is still loaded and Risto apparently just bought a big house he likes to call a castle, so they both seem to be chugging along OK.

[Richy_T]

Look at someone like loaded or rpietila. You can bet they are helping their wealthy friends/family get bitcoins and properly secure them.

ummm... Loaded says he buys for people and that he lost coins on Gox. Risto was holding coins for people and lost them all. Might want to re-evaluate "properly secure them."

they actually lost coins?? loaded and risto? a large percentage?

On a laptop that was stolen from a sauna apparently. If he had a proper backup, he could probably have recovered them if the thief didn't really know what they were doing. I never really heard more about it though.

[JayJuanGee]

Look at someone like loaded or rpietila. You can bet they are helping their wealthy friends/family get bitcoins and properly secure them.

ummm... Loaded says he buys for people and that he lost coins on Gox. Risto was holding coins for people and lost them all. Might want to re-evaluate "properly secure them."

I would feel really badly, if I were entrusted to hold someone's BTC, and then I had put all of them on MT GOX....     If a person wants to sue such a person, the standard would be, reasonable person standard.  Was it reasonable for a trustee to store the BTC on GOX?    The arguments could go either way, and hindsight is 20/20.....

I think that overall, anyone knowledgeable of the BTC world should have diversified out of GOX  - especially if that person was a trustee over the custody of someone else's coins...  - though I could see why it may have been attractive to have some of the BTC in GOX... just NOT 100%..... ...   

All in all, I do NOT blame the victims for having some faith in GOX.... //// and a lot of people have hope that there is a possibility that in due course, they will be reimbursed for a percentage of their GOX holdings.... If I were a gambling man, I am NOT sure exactly where I would put the odds... maybe 50% chance that investors will be reimburse 20% of the value of their Gox holdings...   

I had heard (on one of the bitcoin podcasts) that there is a GOX coin under development (something other than bitcoin builder) that is going to provide the public with a market value in order that investor's can make such a bet through such a coin.  Will be interesting to see the progress and value of such a coin, once it comes out.

[derpinheimer]

Wow, this volume..

Im no TA guy but it looks like it wants to shoot down.

As always, hope I'm wrong.

[mb300sd]

they actually lost coins?? loaded and risto? a large percentage?

Yes they lost coins, so they said. Do not know how much. I imagine Loaded is still loaded and Risto apparently just bought a big house he likes to call a castle, so they both seem to be chugging along OK.

It was not sizable enough to warrant a flight to Japan. However, it is sizable enough to ruin my weekend.

Less than the cost of a flight to japan, i don't know how much a weekend is to him though. Mine have been around 10 btc lately... spring break 14!

[arepo]

Wow, this volume..

Im no TA guy but it looks like it wants to shoot down.

As always, hope I'm wrong.

low volume is not necessarily bearish, but we're sure as hell not going to be able to break above the mid-term resistance on this slow boat.

[manfred]

they actually lost coins?? loaded and risto? a large percentage?

Yes they lost coins, so they said. Do not know how much. I imagine Loaded is still loaded and Risto apparently just bought a big house he likes to call a castle, so they both seem to be chugging along OK.

Dont know about loaded, but Risto lost some small change (BTC 250) by the looks of things when gox went down.
https://bitcointalk.org/index.php?topic=178336.msg5355884#msg5355884
somewhere else he mentioned that he lost BTC 400....

[podyx]

holy shit, i have never seen this low volume

this is truly the calm before the storm i've been waiting for, i believe

[meanig]

holy shit, i have never seen this low volume

this is truly the calm before the storm i've been waiting for, i believe

Stock up on the Red Bull and get some sleep. The fireworks always start when you least expect it.

[JorgeStolfi]

holy shit, i have never seen this low volume

this is truly the calm before the storm i've been waiting for, i believe

Looking at Huobi (whose volume seems less "random" than Bitstamp), the volume was this low on Feb/06, Feb/19, and Mar/02 (UTC; may be 1 less in your local time)

The first two low-volume dates were followed by large price drops: 110 USD (on Bitstamp, 800 to 690) and 70 USD (630 to 560).  The third date was follwed by a large price increase: 110 USD (~560 to ~670)

[FTWbitcoinFTW]

2 firsts we're waiting for some news from gox

[JayJuanGee]

holy shit, i have never seen this low volume

this is truly the calm before the storm i've been waiting for, i believe

Looking at Huobi (whose volume seems less "random" than Bitstamp), the volume was this low on Feb/06, Feb/19, and Mar/02 (UTC; may be 1 less in your local time)

The first two low-volume dates were followed by large price drops: 110 USD (on Bitstamp, 800 to 690) and 70 USD (630 to 560).  The third date was follwed by a large price increase: 110 USD (~560 to ~670)

Let us say for example that the lull were to be followed by more lull?   Then when the more lull is over, you would describe the situation that the lull was "followed by" ___(choose one: "Increase" or "decrease"), and "more lull" would NOT be one of the options that you provide... right?

[mb300sd]

holy shit, i have never seen this low volume

this is truly the calm before the storm i've been waiting for, i believe

Its spring break. Half the normal traders are out gettin hammered, I know I am.

[ChartBuddy]

Explanation

[JorgeStolfi]

Let us say for example that the lull were to be followed by more lull?   Then when the more lull is over, you would describe the situation that the lull was "followed by" ___(choose one: "Increase" or "decrease"), and "more lull" would NOT be one of the options that you provide... right?

I see what you mean    But today is not merely a "lull" in the price (of which there have been many in a row), it is one of 4 minimum volume days at Huobi since the New Year Week; the 3 previous being well-separated, and followed by large, sudden and persistent price changes.

[ in the first two we were ] waiting for some news from gox

Indeed, for the first and second press releases, due Feb/10 and Feb/20; the drops were clearly due to disappointment  and the claim of "bug in bitcoin"  (Although the tense wait for the first was on Sun Feb/09 not  Thu Feb/06, right?).

There seems to be no consensus about the causes of the third minimum-volume day Mar/02 and the rally on Mar/03.  The immediate cause of the latter was a huge buy in Bitstamp.  However I recall that there were big expectations about an upcoming Bloomberg TV announcement; could that be it? (But that was a flop, and yet the price rallied...)

Its spring break. Half the normal traders are out gettin hammered, I know I am.

Ah! "Fundamentals"! 

[ChartBuddy]

Explanation

[Richy_T]

holy shit, i have never seen this low volume

this is truly the calm before the storm i've been waiting for, i believe

Looking at Huobi (whose volume seems less "random" than Bitstamp), the volume was this low on Feb/06, Feb/19, and Mar/02 (UTC; may be 1 less in your local time)

The first two low-volume dates were followed by large price drops: 110 USD (on Bitstamp, 800 to 690) and 70 USD (630 to 560).  The third date was follwed by a large price increase: 110 USD (~560 to ~670)

Let us say for example that the lull were to be followed by more lull?   Then when the more lull is over, you would describe the situation that the lull was "followed by" ___(choose one: "Increase" or "decrease"), and "more lull" would NOT be one of the options that you provide... right?

I did it for the lulls.

[JorgeStolfi]

I did it for the lulls.

https://en.wikipedia.org/wiki/Ramon_Llull

[JorgeStolfi]

"Specifically, [ Ramon Llull ] realized three intentions: to die in the service of God while converting Muslims to Christianity, to see to the founding of religious institutions that would teach foreign languages, and to write a book capable of overcoming any objection when using it to convert someone."