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

[shmadz]

orymh just posted a new song:
Mt Gox Erupts

Definitely worth a listen/lyrics read (posted at thread).

(Trading-wise, I think we bottom at 656 and head upwards.)

At first I thought it was all just mumble-mumble-mubmel--

Very glad he posted the lyrics, it's actually a pretty cool song.

[aminorex]

also why would somebody (lender) expose themselves to bitfinex counterparty risk for .05%?  thats .0005.  Only to buy the same coins twice... forcing the shorts to buy to cover at a much higher price.  that is, buy coins delpeting the ask, give em to shorters to bulk up the ask and then buy them again.

You could definitely make 20% annually, insured.  If you trust bfx, then it's risk-free.  If you consider your stash adequate, and just want income to spend, it's a pretty sweet deal.  Again, assuming you trust bfx.

[gog1]

no secondary buying momentum for the past few hours, only $12.5 million loaned out on BFX which didn't really increase all that much despite the huge run-up, it's both good and bad; good thing is lots of powder on the side to push it up, bad thing is no one has the faith to do it - btc-e is at larger than normal discount vs stamp and Chinese are not buying.  I see it slowly trending down toward $640-650 and there'll be a violent push up once it get near the support.  I think we are range bound for a bit.

[Davyd05]

My gut says up up up and away. The Ukraine situation isn't going to resolve and the biggest non believer friend of mine (no not Jorge ) just asked me to show him how to buy bitcoin, boy was I pissed he didn't just buy at 400 at one of the local atms FFS

[MAbtc]

[jojo69]

no wai

[theonewhowaskazu]

For the moment we're stuck. But just in case I'm leveraged long BTC. That way I can earn BTC while watching my BTC go up. Fun stuff.

[johnny211]

For the moment we're stuck. But just in case I'm leveraged long BTC. That way I can earn BTC while watching my BTC go up. Fun stuff.

You make it sound so easy

[seleme]

My humble attempt at TA.

Daily 5, 15, 30 EMAs clustering together in the not-too-distant future. 200 EMA riding the bottom. Perhaps a Gox-related event will be the catalyst.

Reminds me of when Rick Moranis' character is talking to the horse in Ghostbusters:

"Wait for the sign, then all prisoners shall be released!"

Well, the sign was reached, albeit a bit earlier than expected! During the past week we had a confirmed bottom bouncing off the 200 day EMA not once, not twice, but three times!

We haven't bounced off this line since October 2013 when Silk Road went dark. It was a decisive time for the markets as fears that the value of Bitcoin was largely supported by illegal activities were finally put to rest. We also bounced off the 200EMA in July 2013 after the summer run-up, precisely when the Winklevoss ETF news broke.

Now a similar situation appears as we face the failure and aftermath of Gox, but support has largely held fast, proving the resiliency of this market and optimism of the underlying technology. If that daily green candle means anything, exciting times are ahead.

how do you add so many emas on wisdom

[bassclef]

how do you add so many emas on wisdom

settings>indicator parameters>BOOM

[seleme]

how do you add so many emas on wisdom

settings>indicator parameters>BOOM

oh thanks, never noticed there're empty boxes there

[Mythul]

Wow guys. The price just exploded. I knew we all should have faith in Bitcoin. For now it can only go up. It resisted so much FUD it's not even real.
Go Bitcoin Go !

[dreamspark]

I think this is the news that blockchain.info ceo was hinting at.

[porcupine87]

how do you add so many emas on wisdom

settings>indicator parameters>BOOM

-> good stuff

[aminorex]

some nice charting tools on the bloomberg.  proprietary studies that serve me well in other markets.  not sure they will work well with the coins, however.

[ShroomsKit_Disgrace]

This thing is starting to get really scary. Hacking everywhere:

1) Poloniex exchange:
http://www.reddit.com/r/Bitcoin/comments/1zigmt/another_exchange_locked_down_poloniex_aware_that

2)Flexcoin:
http://www.reddit.com/r/Bitcoin/comments/1zihb4/flexcoin_is_shutting_down_after_being_hacked

[blatchcorn]

Can't wait until big banks are allowed to invest pension funds into BTC, when this happens the spike will dwarf the Dec 13 spike.

[FNG]

Huobi back near 4000. If it breaks, market heads higher

[Krabby]

Jeeze, what just happened to litecoin?

[FNG]

Jeeze, what just happened to litecoin?

Goat said he was going to buy some