BITSTAMP eXchange wall Observer. second biggest and best exchange

[theonewhowaskazu]

These dumps and asks walls have been happening the entire past 2 months. Obviously a whale or a few whales have decided to capitulate around 127. If you look at bitcoin's history, it takes tons of volume to break past these major resistance levels and go into a rally. If we only do low volume, there will just be endless walls, and tiny fake breakouts followed by brutal market sells and new walls.

China broke, killed, destroyed this resistance.

I would give my left nut to be able to speak/read Chinese these days. I would be so interested to know all the details of what is going on over there.

From what I hear, those are two entirely distinct skills (speaking Chinese and reading it).

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[adamstgBit]

These dumps and asks walls have been happening the entire past 2 months. Obviously a whale or a few whales have decided to capitulate around 127. If you look at bitcoin's history, it takes tons of volume to break past these major resistance levels and go into a rally. If we only do low volume, there will just be endless walls, and tiny fake breakouts followed by brutal market sells and new walls.

China broke, killed, destroyed this resistance.

Doesnt matter, the Chinese markets will have different resistance levels due to different investors and lower volume.

They clearly broke resistance that Gox and Stamps have yet to defeat

and it wasn't easy, if btc charts was working you could see the surge of volume that allowed them to break the resistance. ( i'm sure you saw it earlier... anyway )

maybe the chinese people just got overly excited and don't actually have enough steam to sustain the price, but so far so good over there

Not sure if gox and stamps can follow, the resistance is maybe too strong, some unexpected good news could do it ( ex. secondmarket says they sold all their bitcoins are loaded the boat and are now ready to satisfy more clients! )

[derpinheimer]

 Actually no, I had not known of the volume spike. Have any charts? I guess i assumed the resistance levels wouldn't work out 1:1 with the USD exchanges, since most of it is psychological.

[TERA]

These dumps and asks walls have been happening the entire past 2 months. Obviously a whale or a few whales have decided to capitulate around 127. If you look at bitcoin's history, it takes tons of volume to break past these major resistance levels and go into a rally. If we only do low volume, there will just be endless walls, and tiny fake breakouts followed by brutal market sells and new walls.

China broke, killed, destroyed this resistance.

Doesnt matter, the Chinese markets will have different resistance levels due to different investors and lower volume.

They clearly broke resistance that Gox and Stamps have yet to defeat

and it wasn't easy, if btc charts was working you could see the surge of volume that allowed them to break the resistance. ( i'm sure you saw it earlier... anyway )

maybe the chinese people just got overly excited and don't actually have enough steam to sustain the price, but so far so good over there

Not sure if gox and stamps can follow, the resistance is maybe too strong, some unexpected good news could do it ( ex. secondmarket says they sold all their bitcoins are loaded the boat and are now ready to satisfy more clients! )

I know there was one day that btc100 reported doing over 100,000 volume, but that was it and we thought it was a system error or they were reporting the wrong units or something. Did anyone ever clear that up, and was there anything besides that?

[tarmi]

127 again.

every time we approach that mark somebody offload a bunch of coins. 2k sitting now around 126.

[adamstgBit]

NEW BID WAL!

go see go see!

 

[bernard75]

You need to change the topic: "Biggest and second worst exchange".

[weaknesswaran]

You need to change the topic: "Biggest and second worst exchange".

open a better one and stop ranting

[bernard75]

Whos ranting? Thats the truth.

[oda.krell]

You need to change the topic: "Biggest and second worst exchange".

open a better one and stop ranting

I don't know... I don't think you first need to do something yourself (and better) before you are justified in criticizing someone else. But I also don't think bitstamp is doing a bad job at all. Their servers were slightly lagging during the SR flash crash, but I was still able to trade within an acceptable time. Other than that, I really have nothing to complain about.

[bernard75]

So you are one of the people that didnt even notice the recent changes and all that with any kind of announcement.

[weaknesswaran]

They didn´t get hacked or ran away with funds & coins so far.

Whats the point that makes them so bad?

[bernard75]

So you are one of the people that didnt even notice the recent changes and all that with any kind of announcement.

[weaknesswaran]

So you are one of the people that didnt even notice the recent changes and all that with any kind of announcement.

You are right, i didn´t notice any changes that affected me.

What happend?

Sorry for being rude.

[oda.krell]

So you are one of the people that didnt even notice the recent changes and all that with any kind of announcement.

Why don't you stop being so childish and say what you want to say.

[bernard75]

Forced identification for getting not only your FIAT but also BTC out.

[oda.krell]

Oh my gosh! I have to identify myself now to trade btc? Quick, Robin, to the fedoramobile!

[bernard75]

Like i said you are one of those people...

[weaknesswaran]

Should have been announced with a deadline, i agree with that.

[Miz4r]

Should have been announced with a deadline, i agree with that.

It was announced on their news page a full month in advance, and it was also all over this forum. If people haven't noticed, well their own fault for not paying attention...