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

[EuroTrash]

Warning warning, flatlining on low volume again 

[porcupine87]

On stamp there are 115.98btc order all down the order book. In intervalls of 5$, so 69. I think this is one guy and he is biding for around 8000btc. Can somebody explain this to me.Why does he use always the same amount. So that people know that it is from one guy?

[porcupine87]

Warning warning, flatlining on low volume again 

Why? We had over 1000 on stamp the last hour and at this hour (17min) 250 coins so far?

[Davyd05]

The last weeks I have continuously managed to short at the bottom. Every single short that I managed to hold through the psychological stress of rising prices has provided me with more than healthy gains. As it turns out almost every day's bottom seems to be the new high two days after.

If that is not a bear market than I don't know what it is. I have troubles believing that this rise is enough to get us out of this trend.

anyone saying it isn't a bear market is delusional. I am a permabull and hodler, and this I know to be true of the current and past months btc market.

[silverston]

Warning warning, flatlining on low volume again  

china is sleeping

[aminorex]

Warning warning, flatlining on low volume again  

china is sleeping

Should be waking up now really.

[TERA]

Warning warning, flatlining on low volume again  

Why? We had over 1000 on stamp the last hour and at this hour (17min) 250 coins so far?

1000 coins per hour = 24,000 coins per day = low volume. Although it's better than when were in the 600s with 8000 volume per day.

[fonzie]

We might have reached the bottom after we see no more attempts of people trying to jump in every bull trap.
They bull traps have been getting smaller in the last weeks, that´s a little bullish.
But we probably have to go down a few hundred dollars more until we see no more of them.

[adamstgBit]

Warning warning, flatlining on low volume again 

Why? We had over 1000 on stamp the last hour and at this hour (17min) 250 coins so far?

1000 coins per hour = 24,000 coins per day = low volume

we've seen day where their was like 5K volume maybe thats low volume?

[chessnut]

Should be waking up now really.

http://www.timeanddate.com/worldclock/sunearth.html

[TERA]

What I think whenever someone talks about China waking up:

[adamstgBit]

What I think whenever someone talks about China waking up:

takes alot of poeple to fake that much volume

[nrd525]

I´m glad for the investors on secondmarket that they can now liquidate their positions and are no longer trapped.
Sellin 1700BTC was a nice first move. I´m lookin forward to see more of this in the near future.

link?

So out of the thousands and thousands that they bought to date, only a very small percentage of investors wanted out....

Looks like they bought 4000 today.  Which would be the most ever bought in a single day according to the thread.
42,400,000/43.07 = 98444

http://www.bitcointrust.co

[JayJuanGee]

On stamp there are 115.98btc order all down the order book. In intervalls of 5$, so 69. I think this is one guy and he is biding for around 8000btc. Can somebody explain this to me.Why does he use always the same amount. So that people know that it is from one guy?

Maybe for accounting purposes... easier to keep track.. ?   I am with you that on the face it would seem better to disguise it.. but maybe it is too much work to attempt such disguising and then to keep track.. and also maybe it is NOT his/her own money?

[TERA]

On stamp there are 115.98btc order all down the order book. In intervalls of 5$, so 69. I think this is one guy and he is biding for around 8000btc. Can somebody explain this to me.Why does he use always the same amount. So that people know that it is from one guy?

Maybe for accounting purposes... easier to keep track.. ?   I am with you that on the face it would seem better to disguise it.. but maybe it is too much work to attempt such disguising and then to keep track.. and also maybe it is NOT his/her own money?

I do the same thing when I'm staggering bids. Maybe he doesn't believe that it's neccessary to be stealthy or that his bids will actually affect people's decisions, especially with China. If China is still leading then it doesn't matter what traders think about the bids on stamp.

[porcupine87]

Warning warning, flatlining on low volume again  

Why? We had over 1000 on stamp the last hour and at this hour (17min) 250 coins so far?

1000 coins per hour = 24,000 coins per day = low volume. Although it's better than when were in the 600s with 8000 volume per day.

Ah ok, so the mean daily volume the past 30 days was about 16 000 and 50% over the mean volume is considered as "low". In january the mean volume was maybe 10k per day. 24 000 would be pretty decent.

[TERA]

Warning warning, flatlining on low volume again  

Why? We had over 1000 on stamp the last hour and at this hour (17min) 250 coins so far?

1000 coins per hour = 24,000 coins per day = low volume. Although it's better than when were in the 600s with 8000 volume per day.

Ah ok, so the mean daily volume the past 30 days was about 16 000 and 50% over the mean volume is considered as "low". In january the mean volume was maybe 10k per day. 24 000 would be pretty decent.

1. The volume has always been low on stamp. It symptomatic of a problem, a bubble, or a reliance on other exchanges. In January we had mtgox and all the chinese exchanges leading. Now with the chinese exchanges leaving and bitstamp taking the role of the primary exchange, it's going to need to pick up much more volume.

2. In terms of reversing from a short-term downtrend, reversal days have always had 100K+ volume.

[Aki4real]

In a flash is somewhat too optimistic imo

my 2 cents:

I am surprised all those bears could not reach/break 800 700 600 500400 steadily yet..
Somewhat amazed by this bullish support or weak bearish power..

I have heard that somewhere before...

Please dont edit quotes if they are not your own,.. thank you.

Anyway I have never talked about those numbers, all I care about is the 400 (for me another chance to jump in with some more coins).

I expected it to break already,.. but these bears are just too weak ( at the moment )

Aki4Real : 

Hopefully, you ARE ALREADY BUYING ON AN ONGOING BASIS and NOT waiting for some kind of "cheap coinz" break through? b/c in the end, there may NOT be that much difference between buying BTC at $400 or  at $450.. even though of course, each of us would like to buy BTC at the lowest price possible... .YET, in the end,  in BTC land, we do NOT know for sure where the price is gonna go... .even though there are quite a few smug predictions going both wayz.


Here’s my BTC buy  increments over the last two month.

590.70
668.80
595.00
606.16
592.37
569.61
537.20
576.00
545.55
524.00

484.02
462.61
462.99
455.56
408.64

520.00
580.00
678.85
653.00
610.00
623.50
604.08
585.50
550.19
581.93
566.12
517.03

485.92
525.48
482.53
452.70
446.44
476.00
439.82
428.68
418.60


Even though, at the moment, BTC price seems to be pretty decent (and low / cheap ☺ ), I am about tapped out on buying.  Nonetheless, I would like to buy some more, if the price were to dip into the below $430 range.  Of course, if we know for sure that BTC prices are going to dip lower than $430, then I would wait to buy at the lower price. 

It seems to me that nothing is for sure in BTC land.  ☺   Yet I am gambling that in the next couple of years, we will be up.. - hopefully up at least higher than my mutual funds... which I expect to be about 12% higher (6% per year on average) than my investment amount.

Hi Jay,

Thanks for your elaborate post, nice to see you have chosen to buy at a lot of different prices.
It seems your average buy price is not too high.

I have not been buying continously, because I do not want to pass the point where I am overdedicated into BTC (where I would lose sleep over its price dropping or rising).
My funds are allocated in different currencies (not only Crypto, though I believe this is the future).
To protect myself from my itchy triggerfinger buying more BTC I've set my next buy at 400 or below, discipline makes or breaks good trades

Good luck!

[fonzie]

I´m glad to see that even the 0.1 BTC actions during Huobis sleep time are mirrored on Bitfinex/Bitstamp with 10-30x the voulme  .

[adamstgBit]