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

[KIRAZ]

what happened? what variance? no block found for a few hours?

From the blockchain.info quotes, I understood that there was a ~40 minute gap without a block.

it seems the last block was found 2 hours and 15 mins ago

Miners shutdown their rigs or what, what happened? 

[razibuzouzou]

what happened? what variance? no block found for a few hours?

From the blockchain.info quotes, I understood that there was a ~40 minute gap without a block.

it seems the last block was found 2 hours and 15 mins ago

Miners shutdown their rigs or what, what happened?  

No no, we're fine
http://coinorama.net/blockchain

[mooncake]

Interestingly when I tried to enter a purchase order at SecondMarket today I received this email:

Unfortunately it is unlikely that we will be able to sell you... BTC today… we have a fairly large Bitcoin Investment Trust order that we have to fill ahead of selling BTC to other counterparties.

Bullish?

You are able to buy from SecondMarket? What is the buying rate relative to Stamp?

[adamstgBit]

what happened? what variance? no block found for a few hours?

From the blockchain.info quotes, I understood that there was a ~40 minute gap without a block.

it seems the last block was found 2 hours and 15 mins ago

Miners shutdown their rigs or what, what happened?  

no, hash rate seems to be more or less the same as always, high and going higher

but with this random bad luck for 2 hours no block found,  i guess thats what the bear is thinking, he thinks hash rate will soon drop causing all kinds of problems, and people will panic.

which isnt a horrible bet, people gana panic....

[Grafzep]

...
think not?

Wall St. banksters have Trillions of dollars under management and basically own a printing press ...

+1, look at how Microsoft established its monopoly in the 90's for an example. Also note the scale of the "war on terror" and how the main countries targeted just happen to be the few remaining states with sovereign central banks (Iran and Syria). Maybe that sounds like tinfoil but the same "coincidences" keep coming up through history.

"Give me control of a nation's money and I care not who makes it's laws", or more accurately, take control of the worlds money and crush any one or any thing that stands in your way. Millions have died because of it.

If the banks wanted to drive BTC into the ground they could it with relentless selling at negligible cost in their scheme of things. Buy hi sell lo, even 100,000 coins at $100 loss every week comes to less than 1% of profit (and it would be booked as a trading loss anyway) (US bank profits 2013 $154Bn)

[NotLambchop]

400!

[adamstgBit]

what happened? what variance? no block found for a few hours?

From the blockchain.info quotes, I understood that there was a ~40 minute gap without a block.

it seems the last block was found 2 hours and 15 mins ago

Miners shutdown their rigs or what, what happened?  

No no, we're fine
http://coinorama.net/blockchain

so its just blockchain.info thats like frozen on block 321511

[adamstgBit]

400!

i know. its soo low!!!

[Newar]

Forget blockchain. http://btc.blockr.io/

[dwdoc]

Interestingly when I tried to enter a purchase order at SecondMarket today I received this email:

Unfortunately it is unlikely that we will be able to sell you... BTC today… we have a fairly large Bitcoin Investment Trust order that we have to fill ahead of selling BTC to other counterparties.

Bullish?

You are able to buy from SecondMarket? What is the buying rate relative to Stamp?

I usually don't get as good a price as at Stamp but I like that I don't have to wire money until after the order is confirmed.

[ravenjt]

Testing: Not sure what's going on.


Explanation

You are late bro

Interestin chart. The orders are of a normal magnitude, but the asks are much lower than normal.
Presumably there are few asks as the price has fallen so much, so historic asks are off the chart.
The price appears to have stabilised at 400.
Perhaps there was some significant sellers have now exited.

[adamstgBit]

Forget blockchain. http://btc.blockr.io/

well i use blockchain.info

i'll just wait for them to sort out there problems

[Newar]

Forget blockchain. http://btc.blockr.io/

well i use blockchain.info

i'll just wait for them to sort out there problems

They had problems for a while now.

[inca]

Testing: Not sure what's going on.


Explanation

You are late bro

Interestin chart. The orders are of a normal magnitude, but the asks are much lower than normal.
Presumably there are few asks as the price has fallen so much, so historic asks are off the chart.
The price appears to have stabilised at 400.
Perhaps there was some significant sellers have now exited.

Every weak hand who wanted to sell has. No point selling now. The price is down a lot sure, but a lot of coins have moved hands, we can potentially go up after some meandering round.

[ssmc2]

And I don't even like TA.

Sorry for the dimness but what does this imply?

[ChartBuddy]

Starting at 01:00 UTC

[adamstgBit]

Forget blockchain. http://btc.blockr.io/

well i use blockchain.info

i'll just wait for them to sort out there problems

They had problems for a while now.

i like there wallet.

i'm guessing that still works just fine because its client side JS...

[ravenjt]

...
think not?

Wall St. banksters have Trillions of dollars under management and basically own a printing press ...

+1, look at how Microsoft established its monopoly in the 90's for an example. Also note the scale of the "war on terror" and how the main countries targeted just happen to be the few remaining states with sovereign central banks (Iran and Syria). Maybe that sounds like tinfoil but the same "coincidences" keep coming up through history.

"Give me control of a nation's money and I care not who makes it's laws", or more accurately, take control of the worlds money and crush any one or any thing that stands in your way. Millions have died because of it.

If the banks wanted to drive BTC into the ground they could it with relentless selling at negligible cost in their scheme of things. Buy hi sell lo, even 100,000 coins at $100 loss every week comes to less than 1% of profit (and it would be booked as a trading loss anyway) (US bank profits 2013 $154Bn)

That makes no sense. They would be buying as many as they sold, so no impact.
Also they are clearly not buying and selling lots as the normal volume is so low

[JayJuanGee]

FUUUU almost a hour and a half and no confirmation.


Why the price crashed just when I needed to transfer some coins

If you were trying to sell at $380, you may have been saved?

[ImI]

Testing: Not sure what's going on.


Explanation

You are late bro

Interestin chart. The orders are of a normal magnitude, but the asks are much lower than normal.
Presumably there are few asks as the price has fallen so much, so historic asks are off the chart.
The price appears to have stabilised at 400.
Perhaps there was some significant sellers have now exited.

Every weak hand who wanted to sell has. No point selling now. The price is down a lot sure, but a lot of coins have moved hands, we can potentially go up after some meandering round.

no more "weak hands" talk plz

thats just a bogus kind of explain movements in markets, i can tell ya that after trading for 20+ years at nymex,nasdaq etc

its just a misleading way of interpreting movements and costs you alot of money in the end