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

[tupelo]

In this case no. I would say kraken is a very fine exchange for small traders

[niothor]

Looking at the order book at Huobi I had a sudden craving for taffy, I don't know why.

You should also stop checking chinese exchanges , it's bad for your health.

[latoxine]

In this case no. I would say kraken is a very fine exchange for small traders

Thank you,

In fact, I didn't know ( and I'm not the only one I think because it's not explained were I '' learned" BTC) that I could trade only with the volume available on the website I choosed.

I thought the prices were the same for every one , like for wall street stocks, and that only fees, website bank etc were different.

 

[ChartBuddy]

Explanation

[dreamspark]

In this case no. I would say kraken is a very fine exchange for small traders

Thank you,

In fact, I didn't know ( and I'm not the only one I think because it's not explained were I '' learned" BTC) that I could trade only with the volume available on the website I choosed.

I thought the prices were the same for every one , like for wall street stocks, and that only fees, website bank etc were different.

 

In general the prices are pretty similar but thats due to arbitrage more than anything else.

[octaft]

saying that religion causes wars is like saying chemicals cause cancer.  i have yet to see any living thing that did without chemicals, or any conscious mind that did without beliefs which cannot be concluded by evidence and logic alone.

it is difficult to take seriously anyone who attempts to preclude argument by declaring that disagreement is in itself disqualifying evidence  - and probably not worth the effort to do so.

I think this is highly dependent on what you consider a "belief." If belief strictly means religion, I couldn't disagree more, agnostics being the clearest example. Or are we talking about beliefs like "I believe my wife isn't cheating on me." Even then, one could argue that you logically think that because you have a good relationship, or she is a very loyal person in general, or maybe you're just good at laying the pipe. I honestly have a hard time agreeing that  no person can only have beliefs backed in evidence and logic.

[ChartBuddy]

Explanation

[windjc]

I think these markets are close to dying in China. The volume is now anemic. It's drying up.

New fiat can't get in, so we can't rally. And there is not a lot of motivation to sell as people watch and wait.

But how can this not end badly?  The exchanges have little to no way to make money now. So, the only "news" coming down the pipeline can be bad news. And when that hits, people will have a reason to sell.

It looks like we might be flat and then - boom - large capitulation event.

Could be days, weeks or months away though.

[MoreFun]

I think these markets are close to dying in China. The volume is now anemic. It's drying up.

New fiat can't get in, so we can't rally. And there is not a lot of motivation to sell as people watch and wait.

But how can this not end badly?  The exchanges have little to no way to make money now. So, the only "news" coming down the pipeline can be bad news. And when that hits, people will have a reason to sell.

It looks like we might be flat and then - boom - large capitulation event.

Could be days, weeks or months away though.

Same story was with gox when we were hovering around $100. Lots of people expected boom, but noone knew the boom would come after $1200.

[Walsoraj]

I think these markets are close to dying in China. The volume is now anemic. It's drying up.

New fiat can't get in, so we can't rally. And there is not a lot of motivation to sell as people watch and wait.

But how can this not end badly?  The exchanges have little to no way to make money now. So, the only "news" coming down the pipeline can be bad news. And when that hits, people will have a reason to sell.

It looks like we might be flat and then - boom - large capitulation event.

Could be days, weeks or months away though.

Same story was with gox when we were hovering around $100. Lots of people expected boom, but noone knew the boom would come after $1200.

Your logic is anemic.

[MoreFun]

Why? Gox was "dying" for almost one year. Why it needs to be over with chinese exchanges in one month when everyone expect it?

[JorgeStolfi]

I think these markets are close to dying in China. The volume is now anemic. It's drying up.

They may be dying, but are not dead yet. Daily volumes for the last 5 days (today's incomplete) in kBTC:

  Bitstamp:   6.3   8.3   4.1   8.9   3.8
  BTC-e:      4.2   4.2   2.8   3.6   2.3
  Bitfinex:   3.5   3.1   3.7  10.7   3.2
  Huobi:     40.6  34.6  24.2  33.8  22.3
  OKCoin:    54.1  44.7  38.0  42.9  30.4

Huobi had 350 kBTC once, ~60 kBTC average until Apr/30...

EDIT: perhaps the number of transactions per day is much smaller now.

[UglyTroll]

If volumes keep dropping like this, Huobi and OKCoin will be dead in 5 or 6 days 

[JorgeStolfi]

Here is a free and gratis prediction: when (if?) the Chinese exchanges shut down, the volume in the Western exchanges will drop by ~50% due to loss of the arbitrage trade with China.

[Walsoraj]

Why? Gox was "dying" for almost one year. Why it needs to be over with chinese exchanges in one month when everyone expect it?

Because your argument is nobody can predict when the boom will occur; therefore, it is not likely to occur now.

[ChartBuddy]

Explanation

[JorgeStolfi]

Saw many years ago in some nature documentary: two mosquitoes feeding side by side on someone's arm.  Then the guy squashes one of them.  The other one keeps feeding, does not even blink twitch an antenna.

That scene comes to my mind every time I think of Chinese bitcoin traders... 

(Did I post this already? If so, sorry, old age is, well, you know...)

[JayJuanGee]

saying that religion causes wars is like saying chemicals cause cancer.  i have yet to see any living thing that did without chemicals, or any conscious mind that did without beliefs which cannot be concluded by evidence and logic alone.

it is difficult to take seriously anyone who attempts to preclude argument by declaring that disagreement is in itself disqualifying evidence  - and probably not worth the effort to do so.

I think this is highly dependent on what you consider a "belief." If belief strictly means religion, I couldn't disagree more, agnostics being the clearest example. Or are we talking about beliefs like "I believe my wife isn't cheating on me." Even then, one could argue that you logically think that because you have a good relationship, or she is a very loyal person in general, or maybe you're just good at laying the pipe. I honestly have a hard time agreeing that  no person can only have beliefs backed in evidence and logic.

I believe that Aminorex's point is valid, and there is NO person who does NOT make leaps of faith in his/her daily activities.  Whether those leaps of faith rise to the level of a religion may be another story.  Sometimes our leaps of faith are about matters that are so trivial no one would call those particular believes as part of a religion b/c they may NOT be part of any regular routine practice or deeply held.  An atheist may deny that some of his/her practices are religious, yet many atheists, if interviewed (or interrogated) would end up disclosing that his/her logic only carries so much of the burden.  Even within belief systems, some individuals are highly reflective and introspective, and others could NOT be bothered with such, unless you catch them on a "good" day in which they have been well fed, well rested and generally NOT preoccupied by real concerns, such as the volatility of BTC prices.

[JayJuanGee]

I think these markets are close to dying in China. The volume is now anemic. It's drying up.

New fiat can't get in, so we can't rally. And there is not a lot of motivation to sell as people watch and wait.

But how can this not end badly?  The exchanges have little to no way to make money now. So, the only "news" coming down the pipeline can be bad news. And when that hits, people will have a reason to sell.

It looks like we might be flat and then - boom - large capitulation event.

Could be days, weeks or months away though.

could be years away.

[octaft]

saying that religion causes wars is like saying chemicals cause cancer.  i have yet to see any living thing that did without chemicals, or any conscious mind that did without beliefs which cannot be concluded by evidence and logic alone.

it is difficult to take seriously anyone who attempts to preclude argument by declaring that disagreement is in itself disqualifying evidence  - and probably not worth the effort to do so.

I think this is highly dependent on what you consider a "belief." If belief strictly means religion, I couldn't disagree more, agnostics being the clearest example. Or are we talking about beliefs like "I believe my wife isn't cheating on me." Even then, one could argue that you logically think that because you have a good relationship, or she is a very loyal person in general, or maybe you're just good at laying the pipe. I honestly have a hard time agreeing that  no person can only have beliefs backed in evidence and logic.

I believe that Aminorex's point is valid, and there is NO person who does NOT make leaps of faith in his/her daily activities.  Whether those leaps of faith rise to the level of a religion may be another story.  Sometimes our leaps of faith are about matters that are so trivial no one would call those particular believes as part of a religion b/c they may NOT be part of any regular routine practice or deeply held.  An atheist may deny that some of his/her practices are religious, yet many atheists, if interviewed (or interrogated) would end up disclosing that his/her logic only carries so much of the burden.  Even within belief systems, some individuals are highly reflective and introspective, and others could NOT be bothered with such, unless you catch them on a "good" day in which they have been well fed, well rested and generally NOT preoccupied by real concerns, such as the volatility of BTC prices.

Atheism and agnosticism are not the same thing.