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

[JorgeStolfi]

The main Western exchanges that took part in this partial crash were Bitstamp,  Bitfinex and BTC-e.  Kraken had very small volume, 2.23 kBTC max, on Thursday; and LakeBTC did not budge from the usual 3--4 kBTC.

Typically, those three exchanges were churning ~20 kBTC per day.  On Thursday, Friday and Sunday, they traded ~220 kBTC above that baseline in total.

In China, Huobi, OKCoin and BTC-China together had ~50 kBTC of trade last Sunday, and ~170 kBTC daily from Monday to Wednesday.  On Thursday, Friday and Sunday they had about 360 + 270 + 130 = 760 kBTC traded above those baselines.

It is hard to interpret these numbers, since many of those coins were probably traded many times, both in China and outside it.   However, we may perhaps say that at most 220 kBTC were exported from China to those three exchanges  by the arbitrage traders during the crash.

[chessnut]

It's only $7,- of price pump.

Lets just wait till it surpasses that magical $666 line.  

Yes. Tired of all the hasty abuse of train images. People do that each time there's a small jump, ignorant that each time they're making noise it's for a much lower price than the last time they made noise.

And no sooner does someone yell "CCMF" than the price begins to dive again, deeper than the previous low.

Kids these days.  

.... the sentiment is not bullish right now!

ALWAYS there will be people crying ccmf and MOON and a few of them will be right!

[fotosonics]

CCMF.  Party insiders at Weigo-Xiuxiu Nau have confirmed that they are expecting to see a huge upswing in both price and volume this week.  Once again thanks to Proudhon for the tip. 

What is "huge?" How do you define, "huge?"

Er...is it similar to awesome?

Looking for numerical definition, price range, of this "confirmation."

[farnsworth7]

CCMF.  Party insiders at Weigo-Xiuxiu Nau have confirmed that they are expecting to see a huge upswing in both price and volume this week.  Once again thanks to Proudhon for the tip. 

What is "huge?" How do you define, "huge?"

http://img2.wikia.nocookie.net/__cb20130217040438/matrix/images/b/b5/The_Matrix_Neo_and_Morpheus_Construct.jpg

Er...is it similar to awesome?

Looking for numerical definition, price range, of this "confirmation."

Hint : Weigo-Xiuxiu Nau = "we go choochoo now". A well-known and reliable source.

[adamstgBit]

[jonoiv]

So we should hit the bottom on April fools day?

[JorgeStolfi]

If I understood correctly the Google Transalte output, this article says that students at a university entrance examination in China were asked to evaluate Bitcoin risk, among other random questions:

http://www.dzwww.com/shandong/sdnews/201403/t20140331_9926899.htm

Is this bullish or bearish? 

[fotosonics]

If I understood correctly the Google Transalte output, this article says that students at a university entrance examination in China were asked to evaluate Bitcoin risk, among other random questions:

http://www.dzwww.com/shandong/sdnews/201403/t20140331_9926899.htm

Is this bullish or bearish? 

In China, I'd say bearish, given the Communist Party's desire to control/quash anything that might have a chance to perhaps come close to potentially pose even the slightest hint of opposition to their control over the people.

In other words, if a student replies that the risk is high and bitcoin should be avoided, this will contribute to a passing grade and acceptance to their university of choice.

If anything, it's a gauging tool for a government curious about bitcoin's popularity.

[chessnut]

If I understood correctly the Google Transalte output, this article says that students at a university entrance examination in China were asked to evaluate Bitcoin risk, among other random questions:

http://www.dzwww.com/shandong/sdnews/201403/t20140331_9926899.htm

Is this bullish or bearish? 

BULLISH! GREAT!

we teach students to prepare them for the future right....

not to mention that the censorship in china is huge. this would not get past if they were threatened by bitcoin.

[adamstgBit]

So we should hit the bottom on April fools day?

what chart you looking at?

this screams BUY BUY BUY to me

 

[Davyd05]

Wow permabulls turning bear . I feel much despair and capitulation in this thread. I even feel like "ok, f* it, i will look again in 2 months what the price is again." I'm glad i bought at low double digits though.
 

better cash out now cuz you aint gonna see this price again

You are wrong, time will prove that.

time has proven that this was true.

[PoolMinor]

CCMF.  Party insiders at Weigo-Xiuxiu Nau have confirmed that they are expecting to see a huge upswing in both price and volume this week.  Once again thanks to Proudhon for the tip. 

Traders @ Tuda Mune concur.

[Davyd05]

CCMF.  Party insiders at Weigo-Xiuxiu Nau have confirmed that they are expecting to see a huge upswing in both price and volume this week.  Once again thanks to Proudhon for the tip.  

Traders @ Tuda Mune concur.

I love how BTC-E has been less sheepish than other exchanges.. and they brought in Yuan today eh?

either way...bitcoin needs to become a distinct market place where we don't get hit with the horde mentality on bad news, to conclude it's just a matter of time before people come to understand it.

[chessnut]

Huobi leading the way. 350 BTC order chasing the price up!

[billyjoeallen]

What are the chances that any FUD we get tomorrow will be shrugged off as an April Fool's joke?

[Davyd05]

What are the chances that any FUD we get tomorrow will be shrugged off as an April Fool's joke?

Tuesday you mean, unless you're experiencing Monday I'm still 34 minutes out.

I doubt China would April fools us..but I mean weirder things have happened. I think the market is ready to absorb the news as false...and then digest the possible regulations being added but I just don't see an outright ban on bitcoin...why waste time on posting it...to somehow give your people a chance at dumping first.. that seems way too altruistic

[chessnut]

What are the chances that any FUD we get tomorrow will be shrugged off as an April Fool's joke?

Tuesday you mean, unless you're experiencing Monday I'm still 34 minutes out.

I doubt China would April fools us..but I mean weirder things have happened. I think the market is ready to absorb the news as false...and then digest the possible regulations being added but I just don't see an outright ban on bitcoin...why waste time on posting it...to somehow give your people a chance at dumping first.. that seems way too altruistic

Can you imagine?

"PBOC Bans Bitcoin" - billions of dollars of value lost in crash.

next day - LOL just jokes! wanna buy some bitcoins?

[Davyd05]

What are the chances that any FUD we get tomorrow will be shrugged off as an April Fool's joke?

Tuesday you mean, unless you're experiencing Monday I'm still 34 minutes out.

I doubt China would April fools us..but I mean weirder things have happened. I think the market is ready to absorb the news as false...and then digest the possible regulations being added but I just don't see an outright ban on bitcoin...why waste time on posting it...to somehow give your people a chance at dumping first.. that seems way too altruistic

Can you imagine?

"PBOC Bans Bitcoin" - billions of dollars of value lost in crash.

next day - LOL just jokes! wanna buy some bitcoins?

This is the humor I can only imagine from a scumbag steve meme...and or the powers that be... trying to fuck with all the crypto lovers.

[aminorex]

Where is this "ban" meme coming from?  If it is Caixin, did you even read the article?

[EuroTrash]

Ouch! 4k dump on Huobi has spread to bitstamp and cleared the order book....