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

[tarmi]

Watup hoes?
[Good morning Bitcoin enthusiasts and finance aficionados!]

I kinda missed you.

<3

[BlindMayorBitcorn]

Every morning a new dump to discover. Dammit

[cbeast]

Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).

Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?

I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).

Any ideas?

Help appreciated.

Lottery tickets.

Seriously  

Heh, penny stocks was taken. Also, it depends on how you view the question before or after the lottery.

Penny stocks have same volume?

I am still asking seriously.

Michael Milken made a fortune with his junk bonds and penny stocks. In the 1980's boiler rooms built the Wall Street nest of vipers we have today.
edit: I'm talking about asset classes. As far as individual assets, maybe BRK.A or military contracted industrials if you count stock splitting.

[superresistant]

 
The fucking volume on okcoin + huobi + btcchina ...

Who can someone sane believe it is not manipulated ?

How to stop this shit ?

[mmitech]

Care to explain because those lines means nothing in TA terms...the only thing I can tell you is that the very long term chart, the 3 years one(1W candles) is looking very bearish, it indeed looks like a bubble that is bursting..


Most of you wont admit it, but another bubble highly unlikely wont happen, and if the downtrend continue based on the stage of a bubble by Jean-Paul Rodrigue double digits are a very good possible event that we can't really ignore.

[marcelus]

once consumers have more of a reason to use it (as all of these projects develop).

I see this argument a lot, and my question is this: what, exactly, would give consumers more of a reason to use bitcoin for legal transactions over existing payment methods? What will these new projects do differently that will make it more attractive for the consumer?

The consumer won't even know they're using it. Gateways like Stripe, Apple Pay, Transferwise, Goldman Sachs, etc, etc will take care of that for them. The consumer will merely make payments like they always have - except at a fraction of the cost.

[pinky]

Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).

Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?

I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).

Any ideas?

Help appreciated.

FX has usually daily volatility around 0.5-1% and I would say this is quite low volatility compared to other assets, there are of course strong trend moves which can change rate 10-30% in a couple of months.

I would say VIX (volatility index) and it's derivatives (VXX, XIV, TVIX...) resemble the BTC crazy moves. When stock markets are in uptrend expect around 5% daily volatility, when in crashing mode 10-30% daily volatility is normal.

[klee]

Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).

Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?

I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).

Any ideas?

Help appreciated.

Lottery tickets.

Seriously  

Heh, penny stocks was taken. Also, it depends on how you view the question before or after the lottery.

Penny stocks have same volume?

I am still asking seriously.

Michael Milken made a fortune with his junk bonds and penny stocks. In the 1980's boiler rooms built the Wall Street nest of vipers we have today.
edit: I'm talking about asset classes. As far as individual assets, maybe BRK.A or military contracted industrials if you count stock splitting.

I will search the latter, thx!

[Blue]

...

his glazed glare... he is dead already .

she won´t get anything out of him the way she used to....  ever.

poor bitchcoiny

[as suggested by a native speaker]

[NotLambchop]

The fucking volume on okcoin + huobi + btcchina ...

Who can someone sane believe it is not manipulated ?

How to stop this shit ?

Regulation, inferior earthling, regulation.



  ~Your Beneficent Reptilian Overlords.

@Blue:  May I suggest "glazed glare"?

[klee]

Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).

Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?

I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).

Any ideas?

Help appreciated.

FX has usually daily volatility around 0.5-1% and I would say this is quite low volatility compared to other assets, there are of course strong trend moves which can change rate 10-30% in a couple of months.

I would say VIX (volatility index) and it's derivatives (VXX, XIV, TVIX...) resemble the BTC crazy moves. When stock markets are in uptrend expect around 5% daily volatility, when in crashing mode 10-30% daily volatility is normal.

Thanks mate..

[marcus_of_augustus]

Care to explain because those lines means nothing in TA terms...the only thing I can tell you is that the very long term chart, the 3 years one(1W candles) is looking very bearish, it indeed looks like a bubble that is bursting..


Most of you wont admit it, but another bubble highly unlikely wont happen, and if the downtrend continue based on the stage of a bubble by Jean-Paul Rodrigue double digits are a very good possible event that we can't really ignore.

... mmmbitdoom for breakfast with your coffee

[Gyrsur]

Care to explain because those lines means nothing in TA terms...the only thing I can tell you is that the very long term chart, the 3 years one(1W candles) is looking very bearish, it indeed looks like a bubble that is bursting..


Most of you wont admit it, but another bubble highly unlikely wont happen, and if the downtrend continue based on the stage of a bubble by Jean-Paul Rodrigue double digits are a very good possible event that we can't really ignore.

http://www.investopedia.com/terms/d/descendingtriangle.asp

[ChartBuddy]

Explanation

[mmitech]

Care to explain because those lines means nothing in TA terms...the only thing I can tell you is that the very long term chart, the 3 years one(1W candles) is looking very bearish, it indeed looks like a bubble that is bursting..


Most of you wont admit it, but another bubble highly unlikely wont happen, and if the downtrend continue based on the stage of a bubble by Jean-Paul Rodrigue double digits are a very good possible event that we can't really ignore.

... mmmbitdoom for breakfast with your coffee

 four "phases of a bubble". While the "smart money" has purchased during the earlier "stealth phase", institutional investors begin to buy during "take off". Following media coverage, the general public begins to invest leading to steep rise in prices as "enthusiasm" and then "greed" kick in. "Delusion" precedes the peak.

[superresistant]

The fucking volume on okcoin + huobi + btcchina ...
Who can someone sane believe it is not manipulated ?
How to stop this shit ?

Regulation, inferior earthling, regulation.

  ~Your Beneficent Reptilian Overlords.
@Blue:  May I suggest "glazed glare"?

An the worst is that stupid BOTs are spreading this fake BTC price.

[Asrael999]

once consumers have more of a reason to use it (as all of these projects develop).

I see this argument a lot, and my question is this: what, exactly, would give consumers more of a reason to use bitcoin for legal transactions over existing payment methods? What will these new projects do differently that will make it more attractive for the consumer?

My opinion is that bitcoin's huge flaw in regards to regular consumer usage is that two of its major benefits both work in favor of the merchant.

Can't reverse transactions: benefits the merchant, makes it harder for them to get ripped off, but easier for the consumer to be ripped off, or to force them to accept what could be an inferior product with no guarantee of a refund.

You don't get a refund because of your payment method - you get a refund because of consumer protection law.
Companies that think they can get away with not giving refunds because people have paid with bitcoin will find that what happened to Butterflylabs happens to them.
Consumer protection law is what matters here - not your payment method. Most times you want to get a refund/take something back you talk directly to the retailer and they refund you directly or give you store credit. You only go to the credit card that one time in a hundred when that doesn't work.

[lyth0s]

Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).

Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?

I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).

Any ideas?

Help appreciated.

Everything pre-IPO. That is why VC's are so comfortable investing in bitcoin and bitcoin related companies. Usually only VC's are able to invest in companies (with shares) before their IPO. Once companies hit the stock market they are usually much more stable in terms of price per share.

The only real comparison would be penny stocks, which can go up or down 2000% in a single day.

[mmitech]

Care to explain because those lines means nothing in TA terms...the only thing I can tell you is that the very long term chart, the 3 years one(1W candles) is looking very bearish, it indeed looks like a bubble that is bursting..


Most of you wont admit it, but another bubble highly unlikely wont happen, and if the downtrend continue based on the stage of a bubble by Jean-Paul Rodrigue double digits are a very good possible event that we can't really ignore.

http://www.investopedia.com/terms/d/descendingtriangle.asp

mmm, I wasn't aware of that one, thanks for sharing.... beside, it seems that we are talking about the same point, I do apologize for my ignorance.

[Asrael999]

Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).

Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?

I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).

Any ideas?

Help appreciated.

Lottery tickets.

Seriously 

Yep Euromillions today has a top prize of GBP 150,000,000.
Your chances of winning are probably similar to the price of BTC hitting 10,000 in 2015.

Feel free to remind me of this if it happens