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

[ChartBuddy]

Explanation

[Torque]

Two dutch BTC 'providers' also sold out. One is giving slight bonus on selling to them.

If anyone's interested, this provides a nice overview: http://bitcoinprijzen.nl/?q=node/6

Thanks!

Coinbase ran out of coins the day the Expedia news came out.  Then the price proceeded to plummet another $30 in the 24 hours that followed.  Ask me how I know this.  The price has been in decline ever since.

That's why CB running out of coins is meaningless news, unless we are running up in a bubble.

[tarmi]

plenty of coins in china.

[wachtwoord]

Two dutch BTC 'providers' also sold out. One is giving slight bonus on selling to them.

If anyone's interested, this provides a nice overview: http://bitcoinprijzen.nl/?q=node/6

Thanks!

Coinbase ran out of coins the day the Expedia news came out.  Then the price proceeded to plummet another $30 in the 24 hours that followed.  Ask me how I know this.

That's why CB running out of coins is meaningless news, unless we are running up in a bubble.

Any updates on Expedia? Are they allowing Bitcoin on all their products already? Did they start offering a discount?

[JorgeStolfi]

but at least he (Fonzie) claims to be making various investments in BTC.... and you?

You mean, help pay for Winklevum and Winklevee's new Ferrari?  Sorry, I am not smart enough for that.

[wachtwoord]

but at least he (Fonzie) claims to be making various investments in BTC.... and you?

You mean, help pay for Winklevum and Winklevee's new Ferrari?  Sorry, I am not smart enough for that.

I really don't think they need your help. Actually I think that goes for your participation here as well.

[thefunkybits]

Explanation

Bids are stacked way too high for this drop to go much further

Have patience people...

This little dip is just a healthy retest of 490 before the next wave up.

[JayJuanGee]

255 dump.
Don't tell me we're going below 500 again. Isn't everybody just tired of this?

255 coins should barely register. So it means that volume is insanely low. It's not that people are dumping.

My guess is that we'll keep sliding down a while, until panic buying sets in. So there could still be a few bucks to be made.

On stamp, at about the time referred-to by Shroomie doggie bird, I saw about 1000BTC dump to bring price from $505-ish to $498-ish... and then another 1000BTC traded over the remaining 30 minutes to bring prices to about $490-ish.

[mmitech]

but at least he (Fonzie) claims to be making various investments in BTC.... and you?

You mean, help pay for Winklevum and Winklevee's new Ferrari?  Sorry, I am not smart enough for that.

Jorge, your posts are high quality and usually accurate, in fact it is I consider you one of the most close to reality poster (oda.krell is also a good poster) , you know people hate the truth or what goes against their will/wish, don't bother so much with them and please keep your posts coming, I really enjoy reading them.

[wachtwoord]

but at least he (Fonzie) claims to be making various investments in BTC.... and you?

You mean, help pay for Winklevum and Winklevee's new Ferrari?  Sorry, I am not smart enough for that.

Jorge, your posts are high quality and usually accurate, in fact it is I consider you one of the most close to reality poster (oda.krell is also a good poster) , you know people hate the truth or what goes against their will/wish, don't bother so much with them and please keep your posts coming, I really enjoy reading them.

The point is: what is he doing here? He is dogmatic, closed of, prejudiced, not open to arguments, repetitive and on top of that fucking smug. I'm quite surprised anyone ever enjoys his presence in any setting. I also think it's very sad he's an academic since all those qualities above need to be the inverse for him to be able to make a meaningful contribution to science of any sort whatsoever.

[mmitech]

but at least he (Fonzie) claims to be making various investments in BTC.... and you?

You mean, help pay for Winklevum and Winklevee's new Ferrari?  Sorry, I am not smart enough for that.

Jorge, your posts are high quality and usually accurate, in fact it is I consider you one of the most close to reality poster (oda.krell is also a good poster) , you know people hate the truth or what goes against their will/wish, don't bother so much with them and please keep your posts coming, I really enjoy reading them.

The point is: what is he doing here? He is dogmatic, closed of, prejudiced, not open to arguments, repetitive and on top of that fucking smug. I'm quite surprised anyone ever enjoys his presence in any setting. I also think it's very sad he's an academic since all those qualities above need to be the inverse for him to be able to make a meaningful contribution to science of any sort whatsoever.

well, we don't drink from the same bottle do we ?  I really think he has some real good inputs, it is your problem if you think they don't fit your agenda or what you wish to hear, I tend to be objective and try to reasonably hear both sides... I agree that sometimes we cross some lines which is normal (especially in this thread) but this shouldn't disappoint you all at once.

[wachtwoord]

but at least he (Fonzie) claims to be making various investments in BTC.... and you?

You mean, help pay for Winklevum and Winklevee's new Ferrari?  Sorry, I am not smart enough for that.

Jorge, your posts are high quality and usually accurate, in fact it is I consider you one of the most close to reality poster (oda.krell is also a good poster) , you know people hate the truth or what goes against their will/wish, don't bother so much with them and please keep your posts coming, I really enjoy reading them.

The point is: what is he doing here? He is dogmatic, closed of, prejudiced, not open to arguments, repetitive and on top of that fucking smug. I'm quite surprised anyone ever enjoys his presence in any setting. I also think it's very sad he's an academic since all those qualities above need to be the inverse for him to be able to make a meaningful contribution to science of any sort whatsoever.

well, we don't drink from the same bottle do we ?  I really think he has some real good inputs, it is your problem if you think they don't fit your agenda or what you wish to hear, I tend to be objective and try to reasonably hear both sides... I agree that sometimes we cross some lines which is normal (especially in this thread) but this shouldn't disappoint you all at once.

It's not that he doesn't agree with me. It's that he doesn't seem to understand and respond to counter arguments and merely repeats his statements in different wording. It seems he's unable to participate in any intelligent argument.

[JayJuanGee]

but at least he (Fonzie) claims to be making various investments in BTC.... and you?

You mean, help pay for Winklevum and Winklevee's new Ferrari?  Sorry, I am not smart enough for that.

You are implying with fairly strong language that BTC is some kind of pyramid and/or ponzi scheme (or that it is much more simple than it is in reality), which you should already well know that your implied characterization does NOT adequately and/or factually describe bitcoin's dynamic as a network and paradigm changing technology and a structure of investments.

   Accordingly, you sound like you have resentments towards early and/or big adopters from being able to sell their BTC at a higher price than they bought which is personally causing them to profit from the sale of their coins.  You should realize and recognize that there is sufficient value in the bitcoin network, infrastructure and the technology to establish that any new investor(s) including you, if you were to take such a leap, would be able to benefit from such investment, beyond the fact that someone else is getting paid.

You seem to be smart enough, but only stubborn and selectively attempting to view the world with these jaded pessimistic goggles...    Can't you see that the cup is half full, Jorge?   

[JayJuanGee]

but at least he (Fonzie) claims to be making various investments in BTC.... and you?

You mean, help pay for Winklevum and Winklevee's new Ferrari?  Sorry, I am not smart enough for that.

I really don't think they need your help. Actually I think that goes for your participation here as well.

Heehehehehehe... That is what I meant to say, if I could ONLY be so elegant.

[roslinpl]

Damn it was already >$520 and so many people told "We will never see <$500 again"....

and what now?

Damn with those dumpers and bears..

[Wandererfromthenorth]

Damn it was already >$520 and so many people told "We will never see <$500 again"....

and what now?

Damn with those dumpers and bears..

Usually you shouldn't listen to people that tell you "We will never see < or > $XXX again"....

[mmitech]

but at least he (Fonzie) claims to be making various investments in BTC.... and you?

You mean, help pay for Winklevum and Winklevee's new Ferrari?  Sorry, I am not smart enough for that.

Jorge, your posts are high quality and usually accurate, in fact it is I consider you one of the most close to reality poster (oda.krell is also a good poster) , you know people hate the truth or what goes against their will/wish, don't bother so much with them and please keep your posts coming, I really enjoy reading them.

The point is: what is he doing here? He is dogmatic, closed of, prejudiced, not open to arguments, repetitive and on top of that fucking smug. I'm quite surprised anyone ever enjoys his presence in any setting. I also think it's very sad he's an academic since all those qualities above need to be the inverse for him to be able to make a meaningful contribution to science of any sort whatsoever.

well, we don't drink from the same bottle do we ?  I really think he has some real good inputs, it is your problem if you think they don't fit your agenda or what you wish to hear, I tend to be objective and try to reasonably hear both sides... I agree that sometimes we cross some lines which is normal (especially in this thread) but this shouldn't disappoint you all at once.

It's not that he doesn't agree with me. It's that he doesn't seem to understand and respond to counter arguments and merely repeats his statements in different wording. It seems he's unable to participate in any intelligent argument.

well, I don't know, I really didn't come across this, I will pay more attention... but I still think he has some real good inputs... maybe I am more compatible with him than you with him ? I did notice that how people personally engage into a matter is really important in terms of how the audience usually receive it, for example, I cant stand Risto, and this is mostly because of the way he engages his audience, see this doesn't mean that everyone hates him, I did notice that he has some audience that goes all the way to defend him which is strange for me but understandable for them... maybe this is the problem with Jorge and many others here ?

also, maybe because we don't engage in person (face to face)there is many hidden expressions that could change the way a statement is received... for example: me telling you "oh screw you..." in person how you receive it would depend on the way I said it, if I say it with an angry face and hand waving you may get insulted and offensive but if I said it with a big smile/laugh you would receive it as a joke or a meaningless act.... but in the forums it is all different, I am sure that  people don't understand each-other because of this problem add to that we are not all native English speakers.

[vuduchyld]

Damn it was already >$520 and so many people told "We will never see <$500 again"....

and what now?

Damn with those dumpers and bears..

Usually you shouldn't listen to people that tell you "We will never see < or > $XXX again"....

Indeed. Never is a long time.

Oh by the way, I got the Coinbase brush off this morning...the message about exceeding limits. But I just now bought 0.2 BTC with no problem. Not sure if it means they resolved the issue or if the buy was just so small.

[hmmkay]

"Strong minds discuss ideas, average minds discuss events, weak minds discuss people."

Let's stop discussing people..

[Newbie1022]

Whoa, Coinbase is sold out..

"Note! We've exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Friday Aug 22, 2014 at 01:49AM EDT after your funds have arrived. read more

Due to higher than normal buy volumes, we are unable to provide exact price quotes right now.

Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Friday Aug 22, 2014 at 01:40AM EDT."

That's bullish right ?!?!?

Here Coinbase explains this on their support pages:

http://support.coinbase.com/customer/portal/articles/1148738-what-price-will-i-receive-when-i-buy-or-sell-bitcoin-

http://support.coinbase.com/customer/portal/articles/1148739-what-price-will-i-receive-if-i-purchase-once-coinbase-reaches-its-daily-limit-

Extremely, extremely, extremely run for the hills type of bearish news. First, there were a lot of buys because there was a lot of volume and volatility... there was action on both sides of the tape and with Coinbase as a middleman that leaves them dry (and anyways, that is historic, now... it's already priced in). Second, it means NOBODY will be buying from Coinbase all week -- a major purveyor of coins to the Average Joe. Why? Well, because the market is extremely volatile right now and you don't know where the hell the price will be (but assuming even in a worst case scenario there is a recovery by then that price would be HIGHER than it is today... you wouldn't do it).

It's God awful news. I don't know how the hell anybody could read it as positive news. I am certain I am being a bit hyperbolic, but yea... not good.

YES>>>>>> you are being hyperbolic, and you seem to be spreading FUD... maybe you are NOT doing this on purpose, but you are making much more out of the situation than the FACTS support.

The news is bullish.. b/c it means that a lot of Coinbase customers are buying and have bought more coins than Coinbase had prepared for sale.

The news is problematic, b/c we do NOT know how long Coinbase is going to remain without coins for sale..   Your stating an assumption that they are NOT going to have coins for four days b/c that is what the message states for the guarantee of coins being available is also misplaced.. b/c nothing in that message should cause you to assume that Coinbase will NOT have coins until the stated dates....  additionally, I have experienced that they usually get coins much more quickly.. probably even in less than a day.. but we may have to wait until Monday... possibly.   

So the news would be problematic if we have to wait until Monday or even later for BTC to be available through coinbase.

Again, don't accuse me of s---. I would note preface my words with "I am probably being hyperbolic" if I was trying to spread nonsense. Also, my name is Newbie, bro. Emphasis on new. Cheers!

You seem to be more sophisticated at trading than me, so Newbie is your name, but so what? 

I already know that some people use the forum to get ideas, and some people use the forum to spread FUD, and we do NOT always know for sure what are the motives of others... again, whether you were purposeful, you are claiming that you were NOT.. .which hopefully is true, but I have my doubts, since you are attempting to claim that your conclusion was an innocent mistake .. or even implying that you may be correct about the disinformation that you are seeming to attempt to spread.

I am just a guy who had a different take on a story. Attack the view, not me... that's all I am saying. If I am wrong then counter it. Honestly though, neither of us is wrong. It has mixed bullish and bearish elements (or so I understand).

I rarely attack posters who seem to be genuine.. but if I get the sense that you are NOT being genuine then I may have a go at you, here and there.. just for shits and giggles.    So, here, I have mixed thoughts on whether you were purposefully spreading misinformation.  I do NOT necessarily battle you on that point, so maybe I can kind-of give you the benefit of the doubt.. at least for now... whether you give a shit or NOT, that is o.k.... b/c each of us is going to post what s/he is gonna post... and you certainly seem to have your various reasonable moments - relatively speaking... (in that regard, some of your competition can be lacking in various regards.. to say the least)....     

Word. Just a misunderstanding. Happy hunting, friend.