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

[arepo]

It's not big difference on litecoin than it was 3 days ago, 30-40 cents.

my position is older than that. also, profits are proportional to percentage change. litecoin volatility has consistently been larger with respect to the base price on most days. i think it might still follow when huobi decides to...

in other news, the bidwall at stamp is trying to look super menacing, but until the buying pressure seriously picks up this slow grind is bound to continue.

[billyjoeallen]

I wasn't looking at charts from more than 24h -- and I must say it is not so baaad not very good ... but situation is under control IMO

It may soon get out of control if those long bfx margin calls start triggering.

bfx shorts are going to cover/take profits too. I'm counting on them to save me. Fool's hope, maybe. We'll see.

[arepo]

I wasn't looking at charts from more than 24h -- and I must say it is not so baaad not very good ... but situation is under control IMO

It may soon get out of control if those long bfx margin calls start triggering.

anyone who went long after the $530 breach is paying too much attention to "fundamentals" and not enough attention to technicals, imho

edit: @billyjoeallen, stats say many more longs than shorts

[JorgeStolfi]

I'm a bit mystified why he's devoting a not inconsiderable amount of time to this thread though. Sure, its a good place for banter but there's a lot of crap to wade through to find anything suitable for an academic interest in bitcoin speculation.

I have tried posting on other threads, but traffic there is measured in posts per week...

I was not exaggerating when I said that I learned A LOT reading this thread.  All sorts of information gets posted here, which I would not even dream of looking for otherwise.  Three months ago I did not know what an order book was, and arbitrage for me was something that happens at soccer matches. Here I have learned about the geometric brownian model, technical analysis and its controversy, and much more... THANK YOU ALL, really.

Maybe he's getting hooked, just one little wafer thin bitcoin sir?

Sorry, i wish cryptocoins succeed in some way, but am still skeptical...

[magicmexican]

This is usually the timing when some unexpecting bullFud comes up

[Nightowlace]

We are in for a long slow slide and until some of the major things in the works take effect we will not see any new interest. The medias love affair is over. Now it is up to us the true bitcoin community to do good work and continue building, educating, and investing. That is where we will see long consistent growth instead of hyped volume and price.

[podyx]

https://www.tradingview.com/v/7YEmxS3K/

will we break down and enter a huge bear market?

[arepo]

https://www.tradingview.com/v/7YEmxS3K/

will we break down and enter a huge bear market?

if we break under that support, then yes, that would be a mid-term bearish signal.

[T.Stuart]

We are in for a long slow slide and until some of the major things in the works take effect we will not see any new interest. The medias love affair is over. Now it is up to us the true bitcoin community to do good work and continue building, educating, and investing. That is where we will see long consistent growth instead of hyped volume and price.

Yep. The hype year was 2013. Now it's time to find out the sum of what's left: unshakeable long-term investors + new adoption = real price

[jonoiv]

https://www.tradingview.com/v/7YEmxS3K/

will we break down and enter a huge bear market?

Yep.

[magicmexican]

[slapper]

...
Sorry, i wish cryptocoins succeed in some way, but am still skeptical...

Care to summarise? I remember seeing points but its easy to forget who said what in this thread and its a lot of posts to wade through. Bitcoin and crypto's are still very much in their infancy and I'm not up to date on current development but there are a lot of obvious weaknesses being addressed, multisig and requests/invoices/receipts would be a couple of examples. I'd guess a list could attract a bit too much of the wrong kind of attention in this thread though

Definitely interested in Dr. Stolfi's thoughts on this but you are right, he will be slammed in this thread or any other for that matter. Perhaps he can publish it on a blog?

[boumalo]

March 28, 2014 - 10:01:01 AM CET. 16,179,745.59 USD 9,530.79 BTC 23,740.40 LTC
March 30, 2014 - 10:07:56 AM CEST. 17,255,586.49 USD 8,814.56 BTC 23,852.00 LTC
March 30, 2014 - 01:44:49 PM CEST. 17,297,316.35 USD 7,837.08 BTC 24,669.27 LTC
March 30, 2014 - 03:37:31 PM CEST. 16,070,695.32 USD 6,807.79 BTC 23,030.25 LTC

Never gonna give you up, never gonna let you down? well, some 1.2m USD worth of longs gave up.

Still, only buyers of 6807 BTC left to sell to now and 16m margin longs and only 11.3m of bids in the entire orderbook and a lot of those is just 1 guy.

such guy:

15:20   +  BID:     240.24000000  BTC   @   $ 454.00   |   USDSUM = $ 109068.96
15:20   +  BID:     240.24000000  BTC   @   $ 449.50   |   USDSUM = $ 107987.88
15:20   +  BID:     240.24000000  BTC   @   $ 445.00   |   USDSUM = $ 106906.80
15:20   +  BID:     240.24000000  BTC   @   $ 440.50   |   USDSUM = $ 105825.72
15:20   +  BID:     240.24000000  BTC   @   $ 436.00   |   USDSUM = $ 104744.64
15:20   +  BID:     240.24000000  BTC   @   $ 431.50   |   USDSUM = $ 103663.56
15:20   +  BID:     240.24000000  BTC   @   $ 427.00   |   USDSUM = $ 102582.48
15:20   +  BID:     240.24000000  BTC   @   $ 422.50   |   USDSUM = $ 101501.40
15:20   +  BID:     240.24000000  BTC   @   $ 418.00   |   USDSUM = $ 100420.32
15:20   +  BID:     240.24000000  BTC   @   $ 413.50   |   USDSUM = $  99339.24
15:20   +  BID:     240.24000000  BTC   @   $ 409.00   |   USDSUM = $  98258.16
15:20   +  BID:     240.24000000  BTC   @   $ 404.50   |   USDSUM = $  97177.08
15:20   +  BID:     240.24000000  BTC   @   $ 400.00   |   USDSUM = $  96096.00
15:20   +  BID:     240.24000000  BTC   @   $ 395.50   |   USDSUM = $  95014.92
15:20   +  BID:     240.24000000  BTC   @   $ 391.00   |   USDSUM = $  93933.84
15:20   +  BID:     240.24000000  BTC   @   $ 386.50   |   USDSUM = $  92852.76
15:20   +  BID:     240.24000000  BTC   @   $ 382.00   |   USDSUM = $  91771.68

such balls. wow

Market manipulation or really playing against the market?

He could get a lot of btc! 1.6millions of buy orders!

[Hypnoise]

that was the bottom, where is another bottle cheers 

[Davyd05]

that was the bottom, where is another bottle cheers 

this simply isn't so till we have something to confirm fud, and unleash cannons of fiat.

[Hypnoise]

Good morning guys.

So it seems shorting at 487 wasn't that bad a decision after all 

it depends ... what you gonna do now.

[Hypnoise]

that was the bottom, where is another bottle cheers  

this simply isn't so till we have something to confirm fud, and unleash cannons of fiat.

yes you are right

[adamstgBit]

457

what    the     fuck

[oda.krell]

Here, I'll go and say it: there's a chance we're about to find out 380/400 wasn't the ultimate bottom. Maybe not today, but it starts feeling pretty bleak, in the sense that cheap 400 coins start feeling like fairly priced 400 coins. I can be corrected of course, by any decent volume uninterrupted counter trend that lasts longer than 3 days, but lately those get shot down pretty quickly. I remember laughing at lucif 's EW prediction that this won't be a quick correction like last time, but I start having doubts about my reaction back then.

[JorgeStolfi]

am still skeptical...

Care to summarise?

I would rather wait a few days if you don't mind.    But I have posted my reasons before; I see nothing wrong with the protocol itself, it is all about my understanding of how the world works, what is possible to do in it, and how a bitcoin economy could (or could not) work.