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

[dEBRUYNE]

929 btc buy wall @ 588 @ bitfinex  

EDIT: Wall is gone now  

EDIT2: Back @ 590

[JayJuanGee]

I just sold 0.2xxx to buy 2 USB drives on Newegg. Please don't hate me for not holding
I'm still a bull, but love buying things with BTC and like most of us, believe doing so good for the cause.

NO problem with that... Just replace your spent BTC right away, or within the week.... price is only going up, anyway, so it seems better to replace those BTC NOW, rather than waiting a week.

[HerrAndreas]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

[ChartBuddy]

Explanation

[ensurance982]

929 btc buy wall @ 588 @ bitfinex  

EDIT: Wall is gone now  

EDIT2: Back @ 590

Stamp is attacking the wall at $590 now, though! Pretty big buys, but the wall seems to be real! Let's see if the momentum holds and we can bring this thing down! Come on, things are looking green! Buy, buy, buy!!!

[hyphymikey]

Nom nom nom

[Dump3er]

It's just boredom

True.

Moreover the attempts of letting bitcoin seem like a pyramid scheme (bulls getting ballistic on 10,00$ rebounds, next year it will value 100,000,000,000,000,000,000$) are causing me headache.

Trolling is Asperin.

[Chalkbot]

shhhhhhh.....


/whisper
choo choo

[ensurance982]

It's just boredom

True.

Moreover the attempts of letting bitcoin seem like a pyramid scheme (bulls getting ballistic on 10,00$ rebounds, next year it will value 100,000,000,000,000,000,000$) are causing me headache.

Trolling is Asperin.

I actually think that many of the posts here that seem to 'celebrate' those $10 buys are actually sarcastic and make fun of those puny trains. It's futile to expect something big as of now. We need to wait for fall, capitulation, or an ETF or something.

[cbeast]

Dedicated to the folks in Crypto Valley.

[molecular]

I actually think that many of the posts here that seem to 'celebrate' those $10 buys are actually sarcastic and make fun of those puny trains. It's futile to expect something big as of now. We need to wait for fall, capitulation, or an ETF or something.

To be honest: that's my feeling, too. (I'm usually uber-bull expecting a rally right around the corner).

On the other hand: all the powerful runups in the past had come kind-of unexpected to me, at least regarding the size.

We may not need an ETF, capitulation or anything. It could really just happen by itself, with no apparent reason. (Of course we will attribute some single fitting reason after the fact and be quite sure that was it (like "Cyprus" for the April '13 runup), that's just how the human mind works)

[oda.krell]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia. On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.

[ensurance982]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

But haven't they operated on an EU licence all along (a German one if I remember correctly). They are located in eastern Europe or England, aren't they?? I guess there are sill enough bitcoin-friendly or at least bitcoin-tolerating banks in the EU they can choose!

[hdbuck]

I actually think that many of the posts here that seem to 'celebrate' those $10 buys are actually sarcastic and make fun of those puny trains. It's futile to expect something big as of now. We need to wait for fall, capitulation, or an ETF or something.

To be honest: that's my feeling, too. (I'm usually uber-bull expecting a rally right around the corner).

On the other hand: all the powerful runups in the past had come kind-of unexpected to me, at least regarding the size.

We may not need an ETF, capitulation or anything. It could really just happen by itself, with no apparent reason. (Of course we will attribute some single fitting reason after the fact and be quite sure that was it (like "Cyprus" for the April '13 runup), that's just how the human mind works)

true that "it can happen any time", but deep down you know exactly why, and thats because the bitcoin lords wanted to move forward with it..

just look at those last 4 bubbles' straight alinement and cycles, you cannot seriously believe that was organic some how.

bitcoin is going up because it is cautiously driven by some whales and early adopters geniuses that are making sure it won't just fail.

bitcoin is here to stay, and be the base for a whole new system paradigm.

chooochooooo

[keithers]

Not too bad of a day so far for both BTC and LTC...it would be nice to see both build back a little momentum

[hyphymikey]

Bitstamp aka bearstamp aka manipulation central seems to be the only exchange without huge bid walls.

Go figure.

[ensurance982]

Bitstamp aka bearstamp aka manipulation central seems to be the only exchange without huge bid walls.

Go figure.

Why would they need huge bid walls when they've got ask walls? 
I'm quite surprised, we've actually accomplished to go above $590 again. But hey, tomorrow's dump-friday, so don't get yourselves too comfortable up here!

[Walsoraj]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia. On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.

Get your fiat out while you still can.

[ChartBuddy]

Explanation

[abercrombie]

wonder if this is a payday rally.  i get my payday via ACH tonight, most by Friday morning.