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

[abercrombie]

Told many times over in homes of speculative bitcoin parents. 

[JorgeStolfi]

It shows OkCoin is the top volume exchange today, probably because the Chinese don't do Christmas. On new years day it will probably be a low volume exchange.

Chinese new year is a whole week of bank holidays later in January.  The last one indeed resulted in very low volume (and low volatility) in all Chinese exchanges.

[pjviitas]

Two weeks and we still on the same price 320 -310

Cheaaap coins!!!

This is what everyone begged for for months. So no complaining please.
Why is there no party right now really? I don't get it.

The price is not low enough...that's why.

[Elwar]

Two weeks and we still on the same price 320 -310

Cheaaap coins!!!

This is what everyone begged for for months. So no complaining please.
Why is there no party right now really? I don't get it.

I for one welcome our cheap coin masters.

[ShroomsKit]

Wtf is going on?

Exactly the same thing as the last 12 months.
You didn't think these dumpers suddenly would stop did you. They will go on till Bitcoin is completely worthless.

But again, why are so many of you complaining? Everyone was praying for cheap coins. Well here they are! Enjoy!

[Davyd05]

It shows OkCoin is the top volume exchange today, probably because the Chinese don't do Christmas. On new years day it will probably be a low volume exchange.

Chinese new year is a whole week of bank holidays later in January.  The last one indeed resulted in very low volume (and low volatility) in all Chinese exchanges.

Do you both know Chinese New Year is Thursday, February 19 for 2015.

[InvestorPerson]

Two weeks and we still on the same price 320 -310

Cheaaap coins!!!

This is what everyone begged for for months. So no complaining please.
Why is there no party right now really? I don't get it.

The price is not low enough...that's why.

yup, it's still too high. this needs to go down sub 200$, so more people can join the fun. everybody wins in the end. you can't go up 24/7, sometimes you have to dive a bit  

[ShroomsKit]

Two weeks and we still on the same price 320 -310

Cheaaap coins!!!

This is what everyone begged for for months. So no complaining please.
Why is there no party right now really? I don't get it.

The price is not low enough...that's why.

Sure.

[JorgeStolfi]

What happened with LTC/CNY on OKCoin, currently at 1985 CNY 
https://bitcoinwisdom.com/markets/okcoin/ltccny

Perhaps some OKCoin client opened the wrong page, could not believe his eyes, checked again the price on Huobi, and rushed to buy the whole order book on OKCoin up to 1870 ¥, hoping to make 100  ¥/coin of profit by selling those BTC on Huobi. 

[ShroomsKit]

Two weeks and we still on the same price 320 -310

Cheaaap coins!!!

This is what everyone begged for for months. So no complaining please.
Why is there no party right now really? I don't get it.

The price is not low enough...that's why.

yup, it's still too high. this needs to go down sub 200$, so more people can join the fun. everybody wins in the end. you can't go up 24/7, sometimes you have to dive a bit  

A bit? Like 900 dollars during 12 months?

And if we hit 200 and you buy your "cheap" coins what then? The price will magically go up and make you rich? That's your plan right?

[samson]

Two weeks and we still on the same price 320 -310

Cheaaap coins!!!

This is what everyone begged for for months. So no complaining please.
Why is there no party right now really? I don't get it.

LOL, they're nowhere near cheap yet.

[samson]

There's lots of talk about cheap Bitcoins

So what USD Value do you think a Bitcoin would be cheap ?

I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.

It will continue to work regardless of what the price is.

I know the relentless greed around here will not agree with the above, the world still needs dreamers though.

[JorgeStolfi]

http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12

[ Warren Buffett: ]  “Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”

Read more: http://www.gobankingrates.com/personal-finance/6-things-warren-buffett-says-should-money-2015/#ixzz3MwXTOAlW

I don't know how Warren can identify one of the many reason bitcoin has value in the banking industry particularly and think it has no value loooool

Perhaps because he figured out one key fact (in purple) right away, that bitcoiners have closed their minds to?

[Brewins]

Wtf is going on?

Exactly the same thing as the last 12 months.
You didn't think these dumpers suddenly would stop did you. They will go on till Bitcoin is completely worthless.

But again, why are so many of you complaining? Everyone was praying for cheap coins. Well here they are! Enjoy!

Do you even took a look at image?
CNY/LTC is +10000%

[JorgeStolfi]

It shows OkCoin is the top volume exchange today, probably because the Chinese don't do Christmas. On new years day it will probably be a low volume exchange.

Chinese new year is a whole week of bank holidays later in January.  The last one indeed resulted in very low volume (and low volatility) in all Chinese exchanges.

Do you both know Chinese New Year is Thursday, February 19 for 2015.

Thanks for the correction. It moves a lot from year to year.

[Davyd05]

http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12

[ Warren Buffett: ]  “Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”

Read more: http://www.gobankingrates.com/personal-finance/6-things-warren-buffett-says-should-money-2015/#ixzz3MwXTOAlW

I don't know how Warren can identify one of the many reason bitcoin has value in the banking industry particularly and think it has no value loooool

Perhaps because he figured out one key fact (in purple) right away, that bitcoiners have closed their minds to?

LoL thanks Jorge for pointing out the option of alts to us. You and Warren must be on some similar wavelength of dinosaur, hope you don't end up extinct.

[JorgeStolfi]

come on guys. dump some more so the price can go down a bit more

A few months ago I saw somebody being surprised why the price did not move after the final episode of game of thrones.
Maybe Christmas has got more correlation?

Edit: here it is:
 

I was thinking that the Game of thrones finale would trigger a massive buying spree.

Epic

On the other hand, I thought that saw a clear reduction of trading volume in China during one of the main World Cup soccer games earlier this year.  The drop matched the 45 + 45 minutes of play fairly accurately, with some recovery during the 15 minutes of intermission.

[JorgeStolfi]

http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12

[ Warren Buffett: ]  “Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”

Read more: http://www.gobankingrates.com/personal-finance/6-things-warren-buffett-says-should-money-2015/#ixzz3MwXTOAlW

I don't know how Warren can identify one of the many reason bitcoin has value in the banking industry particularly and think it has no value loooool

Perhaps because he figured out one key fact (in purple) right away, that bitcoiners have closed their minds to?

LoL thanks Jorge for pointing out the option of alts to us. You and Warren must be on some similar wavelength of dinosaur, hope you don't end up extinct.

I wouldn't mind being a dinosaur with his all his dollars to spend before going extinct.  But, alas, ...

[marcus_of_augustus]

the network effect of new network protocol with first mover advantage is easy to replicate ... yeah, ok, I guess that's why the stolfi and buffet alt-coin pump 'n dump is going so well  

[ChartBuddy]

Explanation