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

[Torque]

I got erection after watching that Paypal video.

Ladies and gentlemen, it looks we made it.

Ummm... not creepy?

[ShroomsKit_Disgrace]

OMG!!! Everybody is so optimistic here!  Time to sell all my stake, dumps incoming. 

[ChancellorOnABrink]

@470.8 wall

http://33.media.tumblr.com/tumblr_lb01o6tn481qe0eclo1_r8_500.gif

https://s.yimg.com/cd/resizer/original/kcXIfunUTJ9_1ocqTxdcq_ZxnPk.gif

http://img2.wikia.nocookie.net/__cb20130621030107/playstationallstarsbattleroyale/images/a/a3/Tumblr_lr4s14yx7C1qzxi8so1_500.gif

[hyphymikey]

I have just read the news, let's see if it will have a great impact on the price!

Overstock news, price continues sliding.

Expedia news, price continues sliding.

NewEgg news, price continues sliding.

....

PayPal news, price explodes upwards?  Oh totally..

Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.

It's not that hard to understand.

[Hunyadi]

@470.8 wall

LMAO!

[ShroomsKit_Disgrace]

Hey Fellows! Help me here, I want to remember a famous quote of  Nerraw Tteffub or something similar. It begins with "be fearful when...."

 

[Torque]

Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.

It's not that hard to understand.

Thanks for explaining these complex mechanics to me, with all my years of advanced computer science and economics knowledge I never would have come to this conclusion on my own.  Let's chat more about this in a few days, weeks, or even months, when the price has exploded upwards like you said because of this seemingly earth-shattering bitcoin news.

Mmmmkay? /s

[hyphymikey]

Hey Fellows! Help me here, I want to remember a famous quote of  Nerraw Tteffub or something similar. It begins with "be fearful when...."

 

....when 1% of the people are greedy" ?


Not everybody has bitcoin. Yet.

[hyphymikey]

Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.

It's not that hard to understand.

Thanks for explaining these complex mechanics to me, with all my years of advanced computer science and economics knowledge I never would have come to this conclusion on my own.  Let's chat more about this in a few days, weeks, or even months, when the price has exploded upwards like you said because of this seemingly earth-shattering bitcoin news.

Mmmmkay? /s

Where did I say the price will explode upwards? You sure aren't that smart that you don't even know what I said. Lol

[grappa_barricata]

Hey Fellows! Help me here, I want to remember a famous quote of  Nerraw Tteffub or something similar. It begins with "be fearful when...."
 

Be fearful when Jack Nicholson is running toward you with an axe.

[Torque]

Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.

It's not that hard to understand.

Thanks for explaining these complex mechanics to me, with all my years of advanced computer science and economics knowledge I never would have come to this conclusion on my own.  Let's chat more about this in a few days, weeks, or even months, when the price has exploded upwards like you said because of this seemingly earth-shattering bitcoin news.

Mmmmkay? /s

Where did I say the price will explode upwards? You sure aren't that smart that you don't even know what I said. Lol

That was your implication.

And you are wrong, people have to BUY bitcoin first before they can spend it Overstock, Expedia, and NewEgg as well.  In all cases, someone has to buy bitcoin first before spending or sending.  So like I said, adoption by Overstock, Expedia, and NewEgg had no affect price moving upwards, in fact the opposite.

[adamstgBit]

Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.

It's not that hard to understand.

Thanks for explaining these complex mechanics to me, with all my years of advanced computer science and economics knowledge I never would have come to this conclusion on my own.  Let's chat more about this in a few days, weeks, or even months, when the price has exploded upwards like you said because of this seemingly earth-shattering bitcoin news.

Mmmmkay? /s

Where did I say the price will explode upwards? You sure aren't that smart that you don't even know what I said. Lol

That was your implication.

And you are wrong, people have to BUY bitcoin first before they can spend it Overstock, Expedia, and NewEgg as well.  In all cases, you have to buy bitcoin first before spending or sending.

the poeple spending coins and the poeple buying them are not the same poeple.

[derpinheimer]

Meanwhile it's 7.5k BTC on stamp to even get to $500.

Heavy ask side usually means we're going up and vice versa

Nope. That only applies if the direction of movement is where the walls are.

E.g. if the price is dropping and there are bidwalls, this is normal.

If the price is dropping and there are ask walls... That is very bad.

Plus, that's not a predictor of any sort.

[ChancellorOnABrink]

CEO of Braintree ( paypal division) is about to speak on Disrupt SF 2014 in less then 2h !   http://techcrunch.com/events/disrupt-sf-2014/agenda/

Live video

Bio : http://www.crunchbase.com/person/bill-ready   

"Braintree developed industry-leading payment solutions that power many of the world’s most disruptive new businesses, including Uber, Airbnb, OpenTable, and Rovio/Angry Birds."

[thefunkybits]

Orderbook is looking nasty

but at least 1000 BTC have filled in since todays lows (456)...time to munch?  

[Sandia]

PayPal news breaks, 435 new shorts open in the last hour.  

[gizmoh]

I have just read the news, let's see if it will have a great impact on the price!

Overstock news, price continues sliding.

Expedia news, price continues sliding.

NewEgg news, price continues sliding.

....

PayPal news, price explodes upwards?  Oh totally..

Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.

It's not that hard to understand.

Keyword: Tap to Spend Bitcoin.. No mention of Buy from Fiat, only Sell..Hello Bitpay clone
How paypal plans to boost its business while depressing Btc price. Double Win..

[grappa_barricata]

PayPal news breaks, 435 new shorts open in the last hour.  

Margin limit orders were in the ask book, and when the spike happened they were executed, thus borrowing btc and making total shorts higher.

[hyphymikey]

Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.

It's not that hard to understand.

Thanks for explaining these complex mechanics to me, with all my years of advanced computer science and economics knowledge I never would have come to this conclusion on my own.  Let's chat more about this in a few days, weeks, or even months, when the price has exploded upwards like you said because of this seemingly earth-shattering bitcoin news.

Mmmmkay? /s

Where did I say the price will explode upwards? You sure aren't that smart that you don't even know what I said. Lol

That was your implication.

And you are wrong, people have to BUY bitcoin first before they can spend it Overstock, Expedia, and NewEgg as well.  In all cases, someone has to buy bitcoin first before spending or sending.  So like I said, adoption by Overstock, Expedia, and NewEgg had no affect price moving upwards, in fact the opposite.

I spent coins on newegg and overstock that I bought at $18. Therefore I created only selling pressure because these retailers immediately sell for fiat. When I send someone coins in the future through paypal, they will most likely keep those coins because every paypal customer will accept them, so why sell and convert for no reason? These people will then realize how easy and cool bitcoin is and then buy more.

All of the huge buyers and sellers on eBay and the likes will want to use to bitcoin for obvious reasons and they will buy themselves.

This is completely opposite of the newegg, Expedia and overstock deal. So you are wrong my friend. No doubt about it.

[hyphymikey]

I have just read the news, let's see if it will have a great impact on the price!

Overstock news, price continues sliding.

Expedia news, price continues sliding.

NewEgg news, price continues sliding.

....

PayPal news, price explodes upwards?  Oh totally..

Overstock, Expedia, and Newegg are retail places that SELL the coins people spend, PayPal is person to person where people have to BUY bitcoin to send. Not all of those people will then sell coins, therefore there would be buying pressure where with the other there is selling.

It's not that hard to understand.

Keyword: Tap to Spend Bitcoin.. No mention of Buy from Fiat, only Sell..Hello Bitpay clone
How paypal plans to boost its business while depressing Btc price. Double Win..

How is this a bitpay clone when paypal never receives a coin? The coins go from person to person!