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

[fonzie]

Any coincidence that I couldn't log in while the wall was up at 665 on stamp??

No way, just a coincidence. 

[Krabby]

Why the hell did wall guy do that?

[ChartBuddy]

Explanation

[fonzie]

Why the hell did wall guy do that?

Altruism

[MatTheCat]

Stamp is showing who is boss. Take that, China

It wasn't on STAMP. It was on Bitfinex and routed through STAMP.

NEVER EVER TRUST ANYTHING ON BITFINEX!

[N12]

wtf bitstamp... Can't log in

I can't connect to bitstamp

Same for me. Clown "exchanges".

[kryptopojken]

Beware that it is 4:00 am in China.  Check the order books there...

what are you implying?

[Gingermod]

WHAT'S GOING ON

[oda.krell]

wtf bitstamp... Can't log in

I can't connect to bitstamp

Same for me. Clown "exchanges".

Works for me, just tested. Not even slow.

Wonder what's the difference... maybe you get routed to a different DDoS protection site, and that one is down?

[Broseph Stalin]

I just logged in on stamp. No problem.

[fred1111]

Stamp getting ddos'd

[MatTheCat]

WHAT'S GOING ON

Some nutjob whale who:

a) Really loves Bitcoin and is willing to sacrifice large sums of wealth to ramp it up.

b) Is really fucking stupid.

c)The exchanges 'volume' system has been hacked.

d) Some other emergency buy that we don't know the reasons for

[JayJuanGee]

ARE YOU GUYS SEEING THIS BUY ORDER ON STAMP??? 696 BTC  

Funny to think that was a fairly normal sized trade just a couple of years ago.

I think that volume comparisons are over-rated, especially when we are talking in terms of bitcoins today as compared with bitcoins from a couple of years ago.   

A couple of years ago, the bitcoin value in dollars was a fraction of today's value (maybe 1/50th - depending upon the exact time period) - even a year ago, BTC prices were about 1/5th of today's prices - and anticipated supra-$1,000 BTC prices that seem to be coming in the very near future. 

Additionally, in the interim, we have witnessed some examples of fake volume (china) and possibly unwittingly non-existent BTCs (Gox), and those kinds of representations skew the comparison reference points.  In essence, the questions concerning bitcoin should NOT be measured in BTC alone without defining more clearly and specifically the reference points.

[N12]

wtf bitstamp... Can't log in

I can't connect to bitstamp

Same for me. Clown "exchanges".

Works for me, just tested. Not even slow.

Wonder what's the difference... maybe you get routed to a different DDoS protection site, and that one is down?

Could well be, it gives me a lookup error.

[RUEHL]

WHAT'S GOING ON

Apple Just Opened The Door For Bitcoin Apps http://www.businessinsider.com/bitcoin-apps-in-the-app-store-2014-6

[Gingermod]

WHAT'S GOING ON

Apple Just Opened The Door For Bitcoin Apps http://www.businessinsider.com/bitcoin-apps-in-the-app-store-2014-6

That does not account for this crazyness

[JayJuanGee]

And bears offered us humble pie this morning.

Bears have had their moments in the sunshine in the past few months and maybe even in the past 12 hours... but again, the proof of the pudding is going to be in the eating and we are on our way to the feast.... maybe we will be getting a few appetizers on the way, and we may get diverted for a few cigs and beers... yet, a feast seems in our near future... The cards seems to be stacked accordingly.  Thanks Bitcoin infrastructure developers, merchants and HODLERs...

[elg]

no problem loading Stamp here

[Krabby]

Bid side is not looking too strong.

Edit: massive ask wall.

[JorgeStolfi]

Beware that it is 4:00 am in China.  Check the order books there...

what are you implying?

That there is no resistance from China against Bitstamp's upward pressure at this moment; but that may change in 2-3 hours, when the Chinese start trading again.