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

[seleme]

So, does anyone know who decided to buy: China, or the West?

it must have been China, we would be at 50$ without anyway 

[1714095044]

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[1714095044]

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[bitcoinsrus]

So, does anyone know who decided to buy: China, or the West?

it must have been China, we would be at 50$ without anyway 

I think its china.  Fiatleak is going apeshit.  Its been like 23 min and already 4100+ and counting is moving on there.  (I know fiatleak is mainly bs since no fees so can look a certain way)

usually its 500-1200 per hour (on an average day)

[AngelSky]

So what's going on there ? China again or what ? 

[bitcoinsrus]

So what's going on there ? China again or what ?  

They were never out
Btc china has been around 2011.  I am sure if someone bought for 32 (on btcchina) and now its 500, why would they give up on btc?

[derpinheimer]

So, does anyone know who decided to buy: China, or the West?

it must have been China, we would be at 50$ without anyway 

I think its china.  Fiatleak is going apeshit.  Its been like 23 min and already 4100+ and counting is moving on there.  (I know fiatleak is mainly bs since no fees so can look a certain way)

usually its 500-1200 per hour (on an average day)

No, fiatleak is BS because its just trade volume (right?)

[KFR]

So, does anyone know who decided to buy: China, or the West?

I was watching the charts unusually closely for almost all of these latest surges (I've been ill) and they all seemed to start at the exchanges you're calling "the West".  Huobi had intermittent bursts of reluctance with the usual sell-offs we're used to seeing being met by fairly aggressive bids.  There was a fun moment this morning where Huobi clearly wanted to go down but Bitstamp wasn't having any of it.  Eventually Huobi got the message and jumped on board.

I know this may fly in the face of your hypothesis that the last boom was entirely about China but there ya go.  I'm sure you'll find another way to monger some doom nonetheless.

P.S.  Take a look at the recent history of short positions at Bitfinex - that's quite telling IMHO.

[bitcoinsrus]

So, does anyone know who decided to buy: China, or the West?

it must have been China, we would be at 50$ without anyway 

I think its china.  Fiatleak is going apeshit.  Its been like 23 min and already 4100+ and counting is moving on there.  (I know fiatleak is mainly bs since no fees so can look a certain way)

usually its 500-1200 per hour (on an average day)

No, fiatleak is BS because its just trade volume (right?)

I am not sure.  I only use fiatleak just to watch an average of what is pushed per hour.  You are probably correct about the volume.  I would only base it on huobi (bitcoinwisdom) but its very close to stamp so only fiatleak gives me some more info.

[Kramerc]

So, does anyone know who decided to buy: China, or the West?

it must have been China, we would be at 50$ without anyway 

What do you think about ltc/btc?

Buy with both hands or wait a couple more day?

[TooDumbForBitcoin]

There was much rejoicing.

<Yaaayyyyyyyyy>

[David M]

NSFW content removed

BOOOOOOOO.  I work from home you insensitive clod. :-)

[seleme]

There's going to be nice profit on LTC at some time.

[keithers]

So, does anyone know who decided to buy: China, or the West?

it must have been China, we would be at 50$ without anyway 

What do you think about ltc/btc?

Buy with both hands or wait a couple more day?

It is a great time to flip some extra BTC into LTC...the ratio is lower than I have seen in a long time.   I have had really good success in flipping these back and forth.  Ultimately holding much more BTC is better IMO, but hedging with some LTC never hurts...

[seleme]

So, does anyone know who decided to buy: China, or the West?

it must have been China, we would be at 50$ without anyway 

What do you think about ltc/btc?

Buy with both hands or wait a couple more day?

It might go lower but 0.02 was never a losing trade if one is patient enough.

[beetcoin]

So, does anyone know who decided to buy: China, or the West?

it must have been China, we would be at 50$ without anyway 

What do you think about ltc/btc?

Buy with both hands or wait a couple more day?

It is a great time to flip some extra BTC into LTC...the ratio is lower than I have seen in a long time.   I have had really good success in flipping these back and forth.  Ultimately holding much more BTC is better IMO, but hedging with some LTC never hurts...

seems to me that LTC was intentionally being pumped and dumped though.. if the people who were behind it don't want to do it again, you might end up losing some money.

[seleme]

So, does anyone know who decided to buy: China, or the West?

it must have been China, we would be at 50$ without anyway 

What do you think about ltc/btc?

Buy with both hands or wait a couple more day?

It is a great time to flip some extra BTC into LTC...the ratio is lower than I have seen in a long time.   I have had really good success in flipping these back and forth.  Ultimately holding much more BTC is better IMO, but hedging with some LTC never hurts...

seems to me that LTC was intentionally being pumped and dumped though.. if the people who were behind it don't want to do it again, you might end up losing some money.

That's what people said previous 14 times too.

[shmadz]

Has China banned Bitcoin this week yet?

I heard China banned Windows 8 this week  

if this is true, it's a real blessing to the Chinese people.

I hate 8

[ChartBuddy]

Explanation

[beetcoin]

Has China banned Bitcoin this week yet?

I heard China banned Windows 8 this week  

if this is true, it's a real blessing to the Chinese people.

I hate 8

china should only ban legitimate copies of windows 8. they will burn/counterfeit their own DVDs and sell them themselves.

[SheHadMANHands]

NSFW content removed

BOOOOOOOO.  I work from home you insensitive clod. :-)

Sorry, I get a little excited ..  brings back the feels from November  

OK, no more NSFW.  

Unless we see another double bottom, then all bets off 

[nrd525]

It looks like the Bitfinex wall (also around 2k) was eaten or partially eaten.  I see a surge in volume on Bitfinex to 2.2k on the 1h candles.