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

[Hypnoise]

bitcoin is worth more then cash.

just stay in fiat when it crash

[Hypnoise]

how can the liquidity be so darn dry?? its embarrassing!! I guess it's a good sign that we are still in early days though. but its just creepy how dry the market is.

liquidity stack in LTC, I guess.

[Spaceman_Spiff]

chart is looking ugly imho.

[seleme]

HODLing for so long. Too tired to sell. Sure ill regret not not selling looking @ the charts.

Doeesnt the VISA-Mastercard deposit/withdrawal method at btc-e open BTC up for most people who cant do international bank transfers to exchanges and everybody who has cards. Isnt that great news? Mass userbase ??

it's only withdrawal

[seleme]

0% fees are good in flat markets, I don't particularly care about fees when big swings are imminent. If I'm making 15-20% on a trade, I don't really care about 0.5% fees.

0.5% would be quite acceptable, I've been dealing with 1.5%, which is mostly why I'm no longer trading. Hodling only now.

I'm curious seleme, do you think the 0% fee structure will take over and become the norm? It certainly seems like the asian markets are going that way.

I don't see point in 0% fees. Why would anyone run a business without making profit on it? It smells shady.

Bitcoin exchanges fees are huge compered to other markets but 0% is not normal.

They make money by using their advantage to play their own exchange.

yep, that's why I said - It smells shady

[seriouscoin]

0% fees are good in flat markets, I don't particularly care about fees when big swings are imminent. If I'm making 15-20% on a trade, I don't really care about 0.5% fees.

0.5% would be quite acceptable, I've been dealing with 1.5%, which is mostly why I'm no longer trading. Hodling only now.

I'm curious seleme, do you think the 0% fee structure will take over and become the norm? It certainly seems like the asian markets are going that way.

I don't see point in 0% fees. Why would anyone run a business without making profit on it? It smells shady.

Bitcoin exchanges fees are huge compered to other markets but 0% is not normal.

They make money by using their advantage to play their own exchange.

yep, that's why I said - It smells shady

I've been saying all along. Ppl really trust their so called volume?

However sheeples still look at those exchange and follow. 

[Davyd05]

patience, I just adjusted the fibs to see what the run up from the last dip to 400 and it looks just fine

[Tyson95]

Wonder what Monday will bring

[PoolMinor]

Wonder what Monday will bring

Hopefully Tuesday. 

[tarmi]

This is it guys, better sell while you still can. Don't see it going up from here for a while, especially since goxcoins will be hitting the market soon.

Dont tell others to trade for your own benefits you little piece of shit.

Trolling and spread FUD is one thing, but blatantly tell ppl "should" buy/sell is dirtiest trick of the book. Dipshit

well, if you sell because ardana said so, you deserve whatever it is coming to you.

however, the chart looks really bad.

[billyjoeallen]

HODLing for so long. Too tired to sell. Sure ill regret not not selling looking @ the charts.

Doeesnt the VISA-Mastercard deposit/withdrawal method at btc-e open BTC up for most people who cant do international bank transfers to exchanges and everybody who has cards. Isnt that great news? Mass userbase ??

it's only withdrawal

Putin and the rest of the victims of the latest round of sanctions have no access to VISA/Mastercard because VISA MC have stopped doing business with Rossiya Bank. BTC-e is the workaround if they are smart enough to use it. If sanctions escalate (and they are likely to), Bitcoin itself could get a huge boost. It's sanction-proof.

[MANofthePEOPLE]

I'm usually fairly pessimistic but now there's a lot more support on the buy side than sell (opposite of last few days). Really don't think we'll break 540 anytime soon

[Spaceman_Spiff]

I'm usually fairly pessimistic but now there's a lot more support on the buy side than sell. Really don't think we'll break 540 anytime soon

I might be up for a bet :-) (I am fairly drunk at the moment, but still think I am capable of decent decisions   )
How does 0.5 BTC sound that we"ll break $540 on Bitstamp within the week.

[chessnut]

HODLing for so long. Too tired to sell. Sure ill regret not not selling looking @ the charts.

Doeesnt the VISA-Mastercard deposit/withdrawal method at btc-e open BTC up for most people who cant do international bank transfers to exchanges and everybody who has cards. Isnt that great news? Mass userbase ??

it's only withdrawal

Putin and the rest of the victims of the latest round of sanctions have no access to VISA/Mastercard because VISA MC have stopped doing business with Rossiya Bank. BTC-e is the workaround if they are smart enough to use it. If sanctions escalate (and they are likely to), Bitcoin itself could get a huge boost. It's sanction-proof.

but Putin is still accumulating his own stash of Bitcoins. he wouldnt want to give the game away 

[MANofthePEOPLE]

I'm usually fairly pessimistic but now there's a lot more support on the buy side than sell. Really don't think we'll break 540 anytime soon

I might be up for a bet :-) (I am fairly drunk at the moment, but still think I am capable of decent decisions   )
How does 0.5 BTC sound that we"ll break $540 on Bitstamp within the week.

Haha nah, I've been wrong way too many times in predicting swings to take such a bet

[billyjoeallen]

I'm usually fairly pessimistic but now there's a lot more support on the buy side than sell. Really don't think we'll break 540 anytime soon

Mark my words. We'll be back above $580 before the weekend is over. There will be a minimum $40/BTC bounce off the lows. Bargain hunters may not even get a full Saturday. I'm buying now and keeping just a little fiat handy in case it goes lower first. I've seen this happen too many times.

[Spaceman_Spiff]

I'm usually fairly pessimistic but now there's a lot more support on the buy side than sell. Really don't think we'll break 540 anytime soon

I might be up for a bet :-) (I am fairly drunk at the moment, but still think I am capable of decent decisions   )
How does 0.5 BTC sound that we"ll break $540 on Bitstamp within the week.

Haha nah, I've been wrong way too many times in predicting swings to take such a bet

I am willing to go to $530, but seems like you don't want to bet on it.

That's ok in my book, the gambling man inside me couldn't resist though   .

[chessnut]

yeah I dont see how any call could be accurate right now. the supply of bitcoins to the market is uncertain enough, as well as supply of fiat.

[MANofthePEOPLE]

I'm usually fairly pessimistic but now there's a lot more support on the buy side than sell (opposite of last few days). Really don't think we'll break 540 anytime soon

Not sure where you are getting your data from but you should look at this:

https://www.cryptocoincharts.info/v2/pair/btc/usd/bitstamp/10-days

The ratio (bid/ask) hasn't moved from around 1:1.44 the last two weeks.

We'll test the four hundreds soon.

I'm just looking at bitcoinity and in the immediate future the bid side is looking healthier

[ChartBuddy]

Explanation