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

[colour]

http://www.coindesk.com/bitfury-raises-20-million-asic-development-mining-output/

[...]

Ok, fair enough. Thanks for the link, this is actually interesting.

I'm curious though if such miners will keep their faith and hold on to their coins with an iron fist even if the bear market continues into 2015. Time will tell, I guess.

Edit: On second thought, if large parts of the mining industry are subventionized by VC like that... how low would the price be without such subventions that allow miners to keep their coins off the market?  

[aminorex]

http://www.coindesk.com/bitfury-raises-20-million-asic-development-mining-output/

[...]

Ok, fair enough. Thanks for the link, this is actually interesting.

I'm curious though if such miners will keep their faith and hold on to their coins with an iron fist even if the bear market continues into 2015. Time will tell, I guess.

Edit: On second thought, if large parts of the mining industry are subventionized by VC like that... how low would the price be without those subventions?  

very low indeed.  we can wish they would capitulate, but no one can make them do so.

the monkey says they will be happy in 2 months.

monkey has been good to me lately. 20 pct realized gains in the past month on monkey trades in rates, fx, equities.  

monkey had me buying btc below 327 and holding now.

[Traffic4u]

It is definitely not a pic suggesting that someone is dumping something.

I heard rumours about a massive Ripple dump...

 

Where ??

[ChartBuddy]

Explanation

[brg444]

http://www.coindesk.com/bitfury-raises-20-million-asic-development-mining-output/

[...]

Ok, fair enough. Thanks for the link, this is actually interesting.

I'm curious though if such miners will keep their faith and hold on to their coins with an iron fist even if the bear market continues into 2015. Time will tell, I guess.

Edit: On second thought, if large parts of the mining industry are subventionized by VC like that... how low would the price be without such subventions that allow miners to keep their coins off the market?  

Interesting question but you also need to consider the profit generated by sale of mining rigs. VC investment is only one component of the invested capital. If we speculate that many companies follow KNC's and BitFury's mining model, then it is likely that only a fraction of their VC money is required to keep running :

Step 1. Design & produce a chip
Step 2. Mine bitcoins with new chip
Step 3. Sell new chip to clients
Step. 4. Use profit from sale to fund development of a newer chip

Rinse & Repeat.

At present it appears that only the business of manufacturing chip & selling them is profitable to some entities. Therefore, for the biggest ones out there, using their chip to mine on a larger scale could seem like an extra curricular activity with limited effect on their short term bottom line and considerable upside on the long term

[derpinheimer]

Whoa.. is Huobi really gonna test that wall? Someones got a hard on for selling.

EDIT: OH, shit, its led by a megadump on bitfenix. Wat the fuq -- 3 seperate 1k market sells?! (and other sells totally over 5k in just 5 mins)

EDIT2: Bidwall on Huobi pulled.

[touhonoob]

2K dump on bitstamp 

[derpinheimer]

I might have to make some adjustments to my price projections... LOL

5k sell Bitfinex
2k sell Bitstamp
Bidwall on huobi was fake

Orderbooks just got massacred.

[SUMS ABOVE, NOT INDIVIDUAL ORDERS]

[hyphymikey]

I might have to make some adjustments to my price projections... LOL

5k sell Bitfinex
2k sell Bitstamp
Bidwall on huobi was fake

Orderbooks just got massacred.

[SUMS ABOVE, NOT INDIVIDUAL ORDERS]

Bid wall on Huobi was fake? How do you know? It was never touched.

[hyphymikey]

And of course as soon as the wall on Huobi was removed the high frequency trading began again.

[derpinheimer]

I might have to make some adjustments to my price projections... LOL

5k sell Bitfinex
2k sell Bitstamp
Bidwall on huobi was fake

Orderbooks just got massacred.

[SUMS ABOVE, NOT INDIVIDUAL ORDERS]

Bid wall on Huobi was fake? How do you know? It was never touched.

It was pulled as the price neared it. This is called "being fake". That was the test.

Also, I dont think you understand China markets have waves of high volume and low volume. -1hr to about another +2hr are almost always very high volume. -6 to -1 are not very high volume. Hence, "CHINA WAKES UP SOON" posts.

[FNG]

I might have to make some adjustments to my price projections... LOL

5k sell Bitfinex
2k sell Bitstamp
Bidwall on huobi was fake

Orderbooks just got massacred.

[SUMS ABOVE, NOT INDIVIDUAL ORDERS]

Bid wall on Huobi was fake? How do you know? It was never touched.

It was pulled as the price neared it. This is called "being fake". That was the test.

Also, I dont think you understand China markets have waves of high volume and low volume. -1hr to about another +2hr are almost always very high volume. -6 to -1 are not very high volume. Hence, "CHINA WAKES UP SOON" posts.

or maybe he's letting asks build up

[ChartBuddy]

Explanation

[spooderman]

come on monday, do me a favour.

[octaft]

Anyone know what happened to huobi wall? Was it pulled? Broken up?

[bzzard]

Anyone know what happened to huobi wall? Was it pulled? Broken up?

pulled

[bzzard]

[ChartBuddy]

Explanation

[Davyd05]

http://www.bfxdata.com/combined/btc.php spike down on longs and shorts.. check it out on the middle graph

[bzzard]

stamp ask wall (1.5k) almost all bought