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

[Krabby]

Hmmm

Hohohoho!

[JimboToronto]

Man, this non stop dumping...

Hilarious isn't it? Kinda pathetic though.

No big deal. I wasn't planning on spending any satoshis tonight. They don't take bitcoin for beer at the Skydome and I won't be stopping at Grossman's Tavern where they do accept Bitcoin.

Maybe I'll stop in at Bitcoin Decentral on the way down and buy some while the price is artificially low.

Every day's a good day to buy more bitcoins.

[ShroomsKit]

Man, this non stop dumping...

Hilarious isn't it? Kinda pathetic though.

No big deal. I wasn't planning on spending any satoshis tonight. They don't take bitcoin for beer at the Skydome and I won't be stopping at Grossman's Tavern where they do accept Bitcoin.

Maybe I'll stop in at Bitcoin Decentral on the way down and buy some while the price is artificially low.

Every day's a good day to buy more bitcoins.

Yeah after one year i've started buying some here and there again.

[TERA]

Man, this non stop dumping...

The dumping is not really that bad actually. It is the lack of buying which is causing the decrease. Stamp and finex each have about 10k volume and btce has 5k...

[mmitech]

some known early adopters are dumping, and many  other adopters/investors/developers are slowly losing faith (one of them speaking), Bitcoin needs another bubble ASAP, bubbles are the only thing keeps Bitcoin ongoing.

[akujin]

Here goes finex again, trying to pull the price up  

[Erdogan]

Well the price on localbitcoins is always a bit higher because sales take a while there usually and the sellers do not want to risk a sudden price increase leaving them unable to rebuy.

But, a blind auction means that people can not see the other bets, and people who want to really buy a lot of bitcoins without risking to lose their money on an exchange (especially after the mt gox fiasco) may actually bid more than what bitcoins are worth on bitstamp, just to be sure to get the bitcoins.

I am 95% sure we will see a price above the current bitstamp price. And i expect it to be at least 5% higher.

But not much more than 20% or so, most likely.

That still leaves a range of about 612 to 700 or so

I agree. Opinion is divided on this. Some will think it is a fast, safe way to get a large amount of bitcoins. If they do, the lower bids will not be relevant.

 

[BBmodBB]

seriously puzzled by the selling pressure, oh well more for me.

it has something to do with the auction ...obviously! 

[smiley123]

Some news from Second Market, in case anyone missed it:

http://www.bloomberg.com/video/u-s-to-auction-17-4m-worth-of-seized-bitcoin-5ib0r6DrRNGXRQ4RCsty0A.html

[iram3130]

seriously puzzled by the selling pressure, oh well more for me.

it has something to do with the auction ...obviously! 

Market will not move further till this auction finish, this auction really pushing market downside so whale will buy Silkroad coin more cheaper.

[bitgeek]

seriously puzzled by the selling pressure, oh well more for me.

it has something to do with the auction ...obviously! 

Market will not move further till this auction finish, this auction really pushing market downside so whale will buy Silkroad coin more cheaper.

I read they are going to be sold at least on or above the market price. Nobody's getting anything cheaper.
Also anybody buying these aren't just going to dump it next day, they are smarter than that.

[windjc]

some known early adopters are dumping, and many  other adopters/investors/developers are slowly losing faith (one of them speaking), Bitcoin needs another bubble ASAP, bubbles are the only thing keeps Bitcoin ongoing.

Bitcoin days destroyed says differently.

So please shut up.

Hows litecoin doing, btw?

[gentlemand]

some known early adopters are dumping, and many  other adopters/investors/developers are slowly losing faith (one of them speaking), Bitcoin needs another bubble ASAP, bubbles are the only thing keeps Bitcoin ongoing.

You betcha. Peter Todd dumped at LEAST five figures. Dollars, that is.

[Wary]

How real is volume that is generated by 0% fees? We have to account for that.
Personally, I've only observed Bitstamp leading and Huobi following it reluctantly. I don't know why some perceive the opposite.

Well, despite of 0% fees, the trading is not completely free for traders: there is still some slippage.

[lay785]

just waiting for bitfinex stop loss trades to activate for a full on crash.

[MoreFun]

some known early adopters are dumping, and many  other adopters/investors/developers are slowly losing faith (one of them speaking), Bitcoin needs another bubble ASAP, bubbles are the only thing keeps Bitcoin ongoing.

You are losing faith because you won't be able to 10x your money in a few months?

[EuroTrash]

In fairness the dumping at Huobi since yesterday has been more regular compared to the dumping at Stamp.
TERA might have a point about us underestimating the importance of Chinese markets.

[BTCfan1]

cheap coins incomming!!

[adamstgBit]

some known early adopters are dumping, and many  other adopters/investors/developers are slowly losing faith (one of them speaking), Bitcoin needs another bubble ASAP, bubbles are the only thing keeps Bitcoin ongoing.

You are losing faith because you won't be able to 10x your money in a few months?

of course you will be able to 10X your money in a few months! stop talking nonsense...

[Miz4r]

some known early adopters are dumping, and many  other adopters/investors/developers are slowly losing faith (one of them speaking), Bitcoin needs another bubble ASAP, bubbles are the only thing keeps Bitcoin ongoing.

No it doesn't, I hope we don't see another bubble any time soon actually so people like you who are only looking to jump on another bubble and seek to profit from it finally go away and move somewhere else. I'd much rather see a gradual increase with some bear traps along the way shaking some weak hands out who lost their faith in the next bubble.