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

[adamstgBit]

Agreed Adam, but not until the long-running ChinaFUD soap opera concludes.
This may be during May, but only when the global price has adjusted to reflect that CNY transfers to/from the China exchanges are severely and permanently crippled.

for me china is done...

there banning it, srota wtv the F that means.....

idk why they let that 2 hour bitcoin documentary run on there tv b4 they SORTA banned it.

but wtv

the rest of the world is cheering for freedom and so am I!

[adamstgBit]

free the market free the world

bitcoin is gana be the money in the future

we all know this....

the network is perfect, and perfection is constantly being improved upon.

programmers know murphy's law "everything that can go wrong..." and they have programed that into the fucking code man


you know whatn i'm saying.


welcome to hollywood 2012 when the bits where free

[dnaleor]

free the market free the world

bitcoin is gana be the money in the future

we all know this....

the network is perfect, and perfection is constantly being improved upon.

programmers know murphy's law "everything that can go wrong..." and they have programed that into the fucking code man


you know whatn i'm saying.


welcome to hollywood 2012 when the bits where free

hehe, totally agree
We needed some very needed bullish posts

Same chart, just linear:



 

[wachtwoord]

Agreed with dnaleor & Adam, but not until the long-running ChinaFUD soap opera concludes.

It will never conclude. Good thing it doesn't really matter. Hopefully, at some point, people will figure this out.

[Patel]

Thinking about this always makes me excited.

Atlas, Circle, Coinsetter, SecondMarket Exchange, Xapo, Buttercoin, and some others have raised more than $100 million + combined in investments.

When these companies launch, they are going to have to do some serious marketing to bring volume to their exchanges so they can start earning to break even on their investments.

I think when these guys start their marketing campaigns, the price and volume is going to skyrocket.

[ChartBuddy]

Explanation

[billyjoeallen]

Happy days are here again why exactly? I really want to know. What has changed?

I think it's improbable that China is done fucking the world markets until it shoots its wad right in Bitstamp's butthole. We have at least 3 potential goxxings on our hands because Huobi, BTC China and OK Coin are all sketchy volume-faking exchanges with very limited and diminishing sources of deposits. It doesn't matter if it's their fault or the PBoC or someone else. These exchanges are likely going to wither and die, crash out or go offshore.  Markets will be rattled and you can either be in a position to profit, ride out the storm or get caught with your pants down.

China is a 50 ton battleship anchor on BTC price and will continue to be until the chain is broken. That doesn't make me happy, but pretending significant negative factors don't exist makes for poor investment strategy. So if there is something good that outweighs this Chinese clusterfuck, I'd love to hear about it, but don't tell me it isn't real or it's irrelevant.

[chessnut]

there comes a point where the market rises unexplained regardless of news. historically, the best time to buy is during genuine tragedy, even (especially) during serious wars. the day will come, when this market will rise regardless of china. something to do with offshore exchanges opening in USA and Europe, I suspect.

[adamstgBit]

poeple we need to forget about 1 billion chinese poeple making us all rich beyond belief

and fouces on what really matters

making us all rich beyond belief

[aminorex]

the distribution of D(i) must satisfy E(exp(D(i)) = Q, not 1; and one can achieve that even with a zero-mean Gaussian if desired.  In that case one would have a legitimate log-Browninan model (with Gaussian increments) such that that E(Z(i0+n)) = Z(i0), E(P(i0+n)) = P(i0)*Q^n, and Prob(P(i0+n) < P(i0)) = 1/2.  Does this make sense?

That's what all my models do, except I never use gaussians unless I need consistency with closed form options.  Can't tell you if it's standard.

Regarding EMH, for every Rijksbank prize winner who advocates some formulation, I can name 2 who will repudiate that formulation as obviously inconsistent with basic observations.  Use it every day, in order to do principled valuations, but give it no credence.

[ElectricMucus]

poeple we need to forget about 1 billion chinese poeple making us all rich beyond belief

and fouces on what really matters

making us all rich beyond belief

Posting will surely accomplish that, right?

[adamstgBit]

poeple we need to forget about 1 billion chinese poeple making us all rich beyond belief

and fouces on what really matters

making us all rich beyond belief

Posting will surely accomplish that, right?

lol!

i banking on the youngsters doing a good job

i'm getting old guys....

 

[podyx]

I just wanna feel the moment of the next bull run

[Nightowlace]

I just wanna feel the moment of the next bull run

It's very very very long overdue

[gentlemand]

The feeling of a price explosion has almost slipped my mind. Much has changed since the last one. I'm guessing it'll take a big dollop of US inspiration to get the next one rolling.

[podyx]

The only thing that makes me doubt $7k bubble this summer/autumn is that this is the big one

this is gonna be the one who makes or break bitcoin

[adamstgBit]

The feeling of a price explosion has almost slipped my mind. Much has changed since the last one. I'm guessing it'll take a big dollop of US inspiration to get the next one rolling.

its turning around now really...

[ChartBuddy]

Explanation

[JayJuanGee]

Happy days are here again why exactly? I really want to know. What has changed?

I think it's improbable that China is done fucking the world markets until it shoots its wad right in Bitstamp's butthole. We have at least 3 potential goxxings on our hands because Huobi, BTC China and OK Coin are all sketchy volume-faking exchanges with very limited and diminishing sources of deposits. It doesn't matter if it's their fault or the PBoC or someone else. These exchanges are likely going to wither and die, crash out or go offshore.  Markets will be rattled and you can either be in a position to profit, ride out the storm or get caught with your pants down.

China is a 50 ton battleship anchor on BTC price and will continue to be until the chain is broken. That doesn't make me happy, but pretending significant negative factors don't exist makes for poor investment strategy. So if there is something good that outweighs this Chinese clusterfuck, I'd love to hear about it, but don't tell me it isn't real or it's irrelevant.

So, if you were a betting man, you would be siding with Windjc about the $435 in the next 30 days?  or do you believe the downfall and FUD spreading of china is gonna last longer than 30 days?

I agree with you that China remains a relevant factor.. and will continue to be a relevant factor, until some other more relevant factor drowns it out.. such as major investment entering into the market (pie in the sky?  does NOT seem to be a long shot)...The existence of these three Fud-spreading China exchanges does seem rife for some kind of a GOX-like scandal, though.

[octaft]

The only thing that makes me doubt $7k bubble this summer/autumn is that this is the big one

this is gonna be the one who makes or break bitcoin

Why do people equate the success of bitcoin with the price of bitcoin?