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

[Newfeeling]

Pump it up, yes, pump it up.

https://www.youtube.com/watch?v=9EcjWd-O4jI&feature=kp

[podyx]

https://www.youtube.com/watch?v=CjCJAgndKZQ

[sonofliberty]

Bitcoin!!!!!!!!

[podyx]

Back harder then ever!!

[macsga]

WHERE AER TEH TRAINZ?

[ChartBuddy]

Explanation

[aminorex]

another 1000 bid

[chessnut]

1k buy wall on bitfinex.... seems genuine

[JorgeStolfi]

hey Jorge, there just was a 600BTC buy on Bitstamp while Huobi did nothing  

That jump is part of an 'exponential' rise that began 20 min ago and is going on in both exchanges.

As usual, it is hard to tell who started it; but since Huobi is still sleeping (almost 6:00 am there), it may be that the risen is driven by Bitstamp, and arbitragers are copying the price over to Huobi with no resistance.   The lump buy may have been by an arbitrager, or not.

Let's see what happens when the Chinese wake up, in an hour or two.

[p0peji]

Must be frustrating to put up 1k buy walls with no1 selling into them, what else would be the use then?

[KeyserSoze]

The Rise and Rise of Bitcoin
https://www.youtube.com/watch?v=-H6QuIv8OSI

[edwardspitz]

Someone requested a wall observation, so here is one. At Kraken BTC/EUR there is a 33 buy wall (that is quite a bit on Kraken). When the price hit 374 EUR that triggered a 35 BTC dump @ market. Very strange. I think that was ment to have triggered a 35 BTC buy instead  I want to buy into that wall but I have no fiat left

I've seen this happen a couple of times now, very strange to be using those orders on Kraken

And there it happened again. Another strange dump out of nowhere. Order book is really thin though.

[podyx]

The Rise and Rise of Bitcoin
https://www.youtube.com/watch?v=-H6QuIv8OSI

very nice indeed!

[podyx]

I think bitcoin is my first love lol

I LOVE U BITCOIN!!

[chessnut]

Big buyer on Bitfinex.... and big seller too.

somebody has sold 500 BTC at 535, while the wall at 530 is untouched.

EDIT wall gone! haha! I think maybe time to see correction to 500, maybe even 485 as planned.

[ShroomsKit]

Big buyer on Bitfinex.... and big seller too.

somebody has sold 500 BTC at 535, while the wall at 530 is untouched.

EDIT wall gone! haha! I think maybe time to see correction to 500, maybe even 485 as planned.

As planned?

[chessnut]

Big buyer on Bitfinex.... and big seller too.

somebody has sold 500 BTC at 535, while the wall at 530 is untouched.

EDIT wall gone! haha! I think maybe time to see correction to 500, maybe even 485 as planned.

As planned?

I was expecting a correction to 500-480 before fresh highs after 548.

[uhoh]

Just in case you guys aren't watching Reddit:

Second Market Exchange is now LIVE!

https://www.secondmarket.com/bitcoin-trading

25BTC transaction minimum.


Ahead of schedule.

Not really the exchange as we are familiar with. I expected more than that.

This is not the exchange they're talking about, this is just how they get their coins for the BIT, its been up for a while now. Incidentally, they're very fast and professional. Great way of selling a large amount, a wire from a large registered broker looks better than "Bitstamp Slovenie"

You are showing the transfer to people with whom you spend the lower amount BIT pay than Bitstamp because some vendor will give you discounts?  Or is this because the lower payout rate of BIT means you have to find some way to justify to someone that you sold under the market rate so you explain how good the wire transfer "looks"?

SecondMarket pay the market rate based on Stamp, so I'm not sure what you're getting at there. In terms of how the wire transfer "looks", yes. If I end up being audited I'd like the proof of earnings to come from a registered wall-street broker than a 3 year old bitcoin startup .. call me crazy!

[MoreFun]

Now climb aboard you all, this train is bound for glory. And there is plenty of room for all!

Ode to Satoshi https://www.youtube.com/watch?v=519CY3IM4S8  

[JorgeStolfi]

Chinese Slumber Method prediction for Thursday April 17

Prediction valid for: Thursday 2014-04-17, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 3198 CNY
Bitstamp's predicted price: 513 USD





Plot legend

Today's data point was very good, (S = 0.0005, W = 0.995); Huobi's clients slept soundly after a hectic day.  The last three points are far from being aligned, so fitting a straight line to all three them seems unjustified, and using only the last two seems too risky.  Instead we assumed a shifted decaying exponential A + B*Q**(d-d0), where d-d0 is the number of days since Apr/14, A = 3202.5, B = -283.56, and Q = 0.24883 (which is almost, but not quite, the same as repeating the last value).

The Bitstamp prediction, as usual, is the Huobi prediction divided by the currency conversion factor R, which was assumed to be 6.23 CNY/USD. It was 6.23, 6.32, 6.38, 6.21 at the last four Slumber Times.
 
Checking the previous prediction

Prediction was posted on: Tuesday 2014-04-15, 22:41 UTC
Prediction was valid for: Wednesday 2014-04-16, 19:00--19:59 UTC (~20 hours later)

Punished for being bull:

Huobi's predicted price: 3345 CNY
Huobi's actual price (L+H)/2: 3185 CNY
Error: 160 CNY (~26 USD)

Bitstamp's predicted price: 529 USD
Bitstamp's actual price (L+H)/2: 511 USD
Error: 18 USD
 
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