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

[Zicore47]

It looks that it's all about BTC-e right now...

[grappa_barricata]

It looks that it's all about BTC-e right now...

The amount of trades are incredible... like 10 per second.

Edit: this seems like HFT gone bad

[empowering]

jeepers

things are hottin up

[2collect]

Obviously Fallling is a bit of a dick but the guy is honestly right more than any of you bulls are. Fallling why exactly do you troll so much and hate bitcoin is it because you honestly see no need for it? I finally made an account on here out of frustration because I guess I'm a "weak-hand". I buy 5 BTC a week ago because all the experts on here tell me we should start seeing some upward pressure but all I've seen is my money down the toilet and don't expect to see any actual gains any time soon. My knowledge of trading is very elementary but it appears most people's views on here are pretty out of touch with reality. Anytime you say "Cheap coins!?" because the price is dropping and then a week later it drops some more..well you messed up there didn't you because ya could have gotten them a tad bit cheaper.

There are basically to ways to invest:
1) Buy when there is blood - you may catch a falling knife though
2) Buy in a rally (in the beginning, you should be able to tell when it is worth getting in) - you may get in late

Usually if you respect your fiat you choose 2)
If you invest what you can afford to lose you go with 1)

Don't accuse the 'experts' bro..

Well, good thing you sold then.. b/c it sounds as if you do NOT know what you are doing.. and you do NOT have sufficient patience for BTC investing... also, it seems that you are incapable of taking responsibility over your own decision making b/c you are whining about the movement of the market.. and blaming people in this forum.

I made a hefty penny off the last big rally in May. If I had kept my btc I would have lost any gains whatsoever by now.

Your ruining all of your talking points by sending like three responses in a row about my original setiment where everything i said was true. I take 1000% responsibilty for any loss i incured this week and it was nowhere near an amount that i couldnt afford to lose. You sound waaay to butthurt. I didnt insult you or call you a whiner in anyway but if you wanna be a dick be my guest.

The overall sentiment of the btc hodlers is that it doesnt matter how much you lose because in ten years youll easily be a millionare. You have a guy a few posts up saying he would enjoy a nice dip to $400. If we are heading in that direction why in the world would you not sell and then buy back in. Please let me hang on the moon with you guys in 10 years though.

[Davyd05]

PANIC is non existent, that and a smaller dump happened like 24 hrs ago at this time as well. hmmmm lets see how low we go.

[shmadz]

At least no one ist dumping anymore...
buying volume is way to low for a real trend to the moon, but it seems like no one wants to sell below 500 either

Just when you thought it was safe to go back in the water...
;-)

[Sandia]

Note to self: stay the f**k away from BTC-e.

[JayJuanGee]

GABI will be competing with PBP, SMBIT, Exante, and perhaps a few other bitcoin funds.

SMBIT (now with ~107'000 BTC) has not attracted any significant investment since May, and has actually shrunk a bit over the last month.  Exante was started in 2011 and has some ~90'000 BTC, I don't know how it is evolving.  I know nothing about the other funds.   

The value of SMBIT's shares is pegged to the market price of BTC.  Officially, they buy BTC when clients invest, sell BTC when clients liquidate, and make profit from fees.  I suppose that the other funds work the same way, is that correct?

What is special about GABI that would convince someone to invest in GABI but not in the other funds?

Doesn't GABI offer some potential tax haven ramifications?  I though that tax haven was mentioned as one of its differentiating attributes.

[lay785]

what the heck is wrong with BTC-E is it broken?

[Davyd05]

Note to self: stay the f**k away from BTC-e.

?? context plz

oh the extreme change in volume going on .. hmmm looks strange indeed/

its like barfing large amount of small order back and forth at a similar price

[Sandia]

Note to self: stay the f**k away from BTC-e.

?? context plz

Check BTC-e on bitcoinwisdom.  It looks like 2, maybe 3 or 4, bots battling it out.  Their volume is insane, nearly all in small amounts.  To me, it looks like something went haywire.

[JorgeStolfi]

I can t find any article surveying and comparing the existing bitcoin investment funds.  Is there one?

[shmadz]

Note to self: stay the f**k away from BTC-e.

?? context plz

Check BTC-e on bitcoinwisdom.  It looks like 2, maybe 3 or 4, bots battling it out.  Their volume is insane, nearly all in small amounts.  To me, it looks like something went haywire.

This is what the beginning of skynet looks like

The bots are taking over

 

[JorgeStolfi]

GABI will be competing with PBP, SMBIT, Exante, and perhaps a few other bitcoin funds.

SMBIT (now with ~107'000 BTC) has not attracted any significant investment since May, and has actually shrunk a bit over the last month.  Exante was started in 2011 and has some ~90'000 BTC, I don't know how it is evolving.  I know nothing about the other funds.   

The value of SMBIT's shares is pegged to the market price of BTC.  Officially, they buy BTC when clients invest, sell BTC when clients liquidate, and make profit from fees.  I suppose that the other funds work the same way, is that correct?

What is special about GABI that would convince someone to invest in GABI but not in the other funds?

Doesn't GABI offer some potential tax haven ramifications?  I though that tax haven was mentioned as one of its differentiating attributes.

I think it shelters the profits of the fund managers, but I recall reading that profits obtained by clients would be taxed by their respective governments anyway.

[grappa_barricata]

I don't know what's going on, but if you look at the btc-e book it seems that the highest bid and the lowest ask have the same price... WTF?

Edit: my spider sense tell me that some trading bot is after NaN profits... muhahaha

[JayJuanGee]

This must be the bottom for now

Edit: or maybe not 

That's a nice bottom, but I get the sense that it could NOT be over so quickly.. especially given the strangeness of it all, and that BTC-e generated a lot more volume than usual.. I believe that it was a bit more than 10k in 90 minutes.. something like that.  Way higher than their usual mediocre volume.  Seems that Bear Whale Manipulators got some tricks up their sleeves.

[lay785]

broken bot = massive loss of money = massive btc-e profit from trade fees

maybe someone's api bot has been hacked but they cant withdraw the funds so they are wasting all the money on fees...

[Sandia]

The big question: what is connection between BTC-e and the other exchanges?  Any shared order books?  Arb bots?

[JayJuanGee]

Obviously Fallling is a bit of a dick but the guy is honestly right more than any of you bulls are. Fallling why exactly do you troll so much and hate bitcoin is it because you honestly see no need for it? I finally made an account on here out of frustration because I guess I'm a "weak-hand". I buy 5 BTC a week ago because all the experts on here tell me we should start seeing some upward pressure but all I've seen is my money down the toilet and don't expect to see any actual gains any time soon. My knowledge of trading is very elementary but it appears most people's views on here are pretty out of touch with reality. Anytime you say "Cheap coins!?" because the price is dropping and then a week later it drops some more..well you messed up there didn't you because ya could have gotten them a tad bit cheaper.

There are basically to ways to invest:
1) Buy when there is blood - you may catch a falling knife though
2) Buy in a rally (in the beginning, you should be able to tell when it is worth getting in) - you may get in late

Usually if you respect your fiat you choose 2)
If you invest what you can afford to lose you go with 1)

Don't accuse the 'experts' bro..

Klee - It seems that you are leaving out the dollar cost averaging practice, and implicitly suggesting that investors put all their money in at once or some variation of putting in all your money at once.

Otherwise, I do NOT disagree with you b/c it seems as if, here, 2collect is attempting to shirk responsibility for his/her own investment choices and decision-making... and it remains a bit irritating to be blamed b/c the price moved the opposite as expected (at least in the short-term)

Not sure that I understand what you wrote but I refer to the amount of money someone has already decided to invest - if it is relative big for him better go with  2), if it is small then 1).

I personally believe that dollar cost averaging is better.. so let's say that a person has $5k that he wants to invest.  Accordingly, he should figure out a timeline to invest it (whether over a month or six months).  Of course, if the market is shooting up, then he would have been best off to invest it all at once (but he does NOT know); however, if the market is volatile, then he is NOT so busy attempt to time the market and to catch the falling knife... 

Either way, he's gotta ultimately take responsibility for his own plan and to own it, rather than to blame others - of course, unless he has an investment adviser, then he can blame the investment adviser.  We, here, in this thread are NOT generally serving as investment advisers... at least I do NOT see my role in that regard... and I do NOT consider others as my investment advisers.  Instead, I figure my own strategy and take responsibility for it, which 2 collect does NOT seem to be willing to take responsibility for his own investment decision(s).

[Wilhelm]

Or a whale burning off money to create a volume spike in a specific direction hoping people and bots will follow.
Or some whale negotiated different fees and is HFTing the shit out of the market.