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

[TERA]

I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.

[edwardspitz]

Houbi is so crazy right now. Sellers are desperate to keep the price down.

[mah87]

As I said A bank is working with Ripple. LOL people are blind here.

1 partner bank does not a success make.

of course ! but this is a start !

[edwardspitz]

Quite amazing how Tera nows exactly what will happen in the next 2 years.

...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles).

[edwardspitz]

I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.

Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).

[ShroomsKit]

Quite amazing how Tera nows exactly what will happen in the next 2 years.

...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles).

I don't care what she based it on. It's simply beyond stupid. Anything can happen tomorrow, let alone a year from now. Statements like that just shows how completely clueless she is.

[JorgeStolfi]

Houbi is so crazy right now. Sellers are desperate to keep the price down.

I see a few buyers raising some large bids well above everyone else's (at 2730 rather than 2660) and a few large sellers popping up at that price.  But it is hard to tell for sure.

At onepoint there was a sell order of 200 BTC at 2740, and a buy order of 120 BTC at 1739.99 (or the otehr way around maybe) and they just stood there for a while, nose to nose.

[TERA]

Quite amazing how Tera nows exactly what will happen in the next 2 years.

...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles).

"exactly what will happen"?  I couldn't have been more vague about what is going to happen.

[adamstgBit]

I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.

Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).

in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...

this is why all the volatility.

I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain i'll be dead taking at lest 1BTC with me to the grave because afterlife!   

[JorgeStolfi]

BTW it is still 08:00 am Sunday in China, the exchanegs should be as busy as a parka shop in Tahiti.

[ChartBuddy]

Explanation

[TERA]

I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.

Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).

in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...

this is why all the volatility.

I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain

100 years? The protocol will surely be broken by then unless there are major code changes to update the wallet encryption algorithm, etc. I would be suprised if it even lasts 20 years.

[uhoh]

While you guys are arguing on here, there is some very important discussions going on at our sister site: The BTC-e trollbox  

[Adrian-x]

Quite amazing how Tera nows exactly what will happen in the next 2 years.

...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles).

I see something similar, coin distribution is what is happening and this process is hindered by coagulation, there are players in the space who will become distortedly wealthy if the market cap increase, hence they have too big a stake, we will need to see this experiment look like it's going to fail before those hoarders help distribute coins so distribution ends up resembling a normal distribution curve. I'm not predicting anything just think there is a roughly 30% chance something like this happens.

It's the true believes who survive.

[adamstgBit]

I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.

Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).

in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...

this is why all the volatility.

I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain

100 years? The protocol will surely be broken by then unless there are major code changes to update the wallet encryption algorithm, etc. I would be suprised if it even lasts 20 years.

say the protocol is broken tomrrow

you think they wont patch it, move on, bitcoin climbs back like the phoenix to new heights and beyond

ya i'm a buyer "when the protocol breaks" !!

my transactions from 2011- 2150 will be forever recorded on the blockhchain  

...

the BITCOIN blockchain

think about it...

[edwardspitz]

Quite amazing how Tera nows exactly what will happen in the next 2 years.

...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles).

"exactly what will happen"?  I couldn't have been more vague about what is going to happen.

You made a prediction along these lines:

The movements will be slow and there will be a low volume and volatility most of the time

This:

I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles)

...was just me speculating about how you reached your conclusion that there would be low volume and volatility.

[kireinaha]

Quite amazing how Tera nows exactly what will happen in the next 2 years.

...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles).

There are no women on the Internet, let alone in bitcoin.

[TERA]

I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.

Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).

in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...

this is why all the volatility.

I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain

100 years? The protocol will surely be broken by then unless there are major code changes to update the wallet encryption algorithm, etc. I would be suprised if it even lasts 20 years.

say the protocol is broken tomrrow

you think they wont patch it move on, and bitcoin will climb back like the phoenix??

ya i'm a buyer "when the protocol breaks" !!

Let's say that one day EC is suddenly revealed to be broken. Hackers have already been moving coins around and now everyone's private keys are suddenly public knowledge. Everyone's coins now belong to everyone else and there is no way to distinguish between owners. How could you possibly fix this with a patch? You'd have to release a new blockchain with the same balances and everyone having a new private key. Even if you could pull that off, how would you know who the owners were and how to contact them with their new private keys?

[adamstgBit]

I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.

Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).

in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...

this is why all the volatility.

I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain

100 years? The protocol will surely be broken by then unless there are major code changes to update the wallet encryption algorithm, etc. I would be suprised if it even lasts 20 years.

say the protocol is broken tomrrow

you think they wont patch it move on, and bitcoin will climb back like the phoenix??

ya i'm a buyer "when the protocol breaks" !!

Let's say that one day EC is broken. Hackers have already been moving coins around and now everyone's private keys are suddenly public knowledge. Everyone's coins now belong to everyone else and there is no way to distinguish between owners. How could you possibly fix this with a patch? You'd have to release a new blockchain with the same balances and everyone having a new private key. Even if you could pull that off, how would you know who the owners were and how to contact them with their new private keys?

rolback, patch and go! wtv it takes man this is bitcoin!!


better than just turning a blind eye to counterfeiting money because its only some small % of world PPG 

[bitcoinsrus]

my trezor said it would fix that....if I werent still waiting for it