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

[crackfoo]

[podyx]

OkCoin @ 2800
Huobi @ 2700

Da fak?

[JorgeStolfi]

This means nothing, and probably not true. If you control $3 Billion why are you going to lose your time trading in OKCoin...? Makes no sense at all. You don't have enough market depth to even move some millions...

Just to be clear, what I think that the OKCoin guy meant is that the fund has licensed OKcoin's trading software, and perhaps is using their IT infrastructure, for their own shares.

[cryptasm]

inb4 a new gap like gox

[ImI]

This means nothing, and probably not true. If you control $3 Billion why are you going to lose your time trading in OKCoin...? Makes no sense at all. You don't have enough market depth to even move some millions...

Just to be clear, what I think that the OKCoin guy meant is that the fund has licensed OKcoin's trading software, and perhaps is using their IT infrastructure, for their own shares.

you understand it wrong and and you know it. not that this hedgefund has to be the ultimate news for bitcoin, but to desperately look for alternative interpretations of this obv interview is just pathetic.

[grappa_barricata]

there is a new pumper in town

[ShroomsKit]

And all the dumpers panic buying back in with a loss. I can watch this shit forever.

[podyx]

Do okcoin futures quarter contracts have to close on 26th of december??

Anybody know about this?? Or can you hold it forever?

[grappa_barricata]

And all the dumpers panic buying back in with a loss. I can watch this shit forever.

I guess today you are at least moderately happy with the situation

[Carra23]

Break over, the upward climb has now restarted. This time I feel it will go to 450 (Btc-e).

[fabrizio123]

Mi sto letteralmente cagando nelle mutande

[janos666]

This invisible wall on OKcoin is really amusing.

[lay785]

OkCoin @ 2800
Huobi @ 2700

Da fak?

arbitrage not happening??

[spooderman]

and back on the train already? this is a very committed reversal!

[janos666]

OkCoin @ 2800
Huobi @ 2700

Da fak?

arbitrage not happening??

It does. More OKcoin users sell to the invisible buy wall rather than buying on ask price.
But they are feared to buy more on other exchanges (cheaper) because this increase feels unsustainable.

[grappa_barricata]

OkCoin @ 2800
Huobi @ 2700

Da fak?

arbitrage not happening??

fiat accounts dried out, too much volume, situation fricking awesome

[cryptasm]

all my friends are always selling when they think it was smart to sell, than they realise its stupid and they buy it back.

[hyphymikey]

It looks like there is a lot of fresh money on OKcoin due to the hedgefond that stepped in. Arbitrage bots on the other exchanges might not have been prepared for this.

http://www.reddit.com/r/Bitcoin/comments/2m0ey8/tuur_demeester_on_twitter_okcoin_rep_a_new_hedge/

The head article by Tuur was taken down.  (Tuur is the guy who once spoke wonders of Neo&Bee, right?)

I listened to a bit of the interview, it was not clear to me what the guy meant.  The phrase could be understood as "that fund is now using OKCoin's platform (i.e. servers + software + support personel) to trade its own shares, not bitcoin".  No?  (That would be great news for OKCoin and their VC investors, irrelevant for bitcoin & traders.)

Just thinking a bit... This is probably the typical Chinese lies, they use them all the time to push the markets in the direction they want. Once they have took all the profit, then they will release some bad FUD to then drive the price down and profit again.

Indeed Tuur was the one who spoke wonders of Neo&Bee. So I guess in this case he is just repeating what he listened in the video.

This means nothing, and probably not true. If you control $3 Billion why are you going to lose your time trading in OKCoin...? Makes no sense at all. You don't have enough market depth to even move some millions...
If a guy like that wanted to buy a lot of bitcoins he would just contact miners and buy in bulks to them offmarket.

And last but not less important, if a guy like that wanted to buy bitcoins, there is no way he would let anyone know about what he is doing, at least before he is completely loaded. No one with a lot of money is going to come and say, "Hey! I got loads of money and I'm going to panic buy at any price, please push the price higher so I buy more expensive. Thanks!"

What if he already has control of large amount of coins that he already bought off of miners? This is the perfect time of the year to make gains on those coins by going on exchange and letting the public know about it. This group could have been buying since January.

[Richy_T]

I rewarded myself today with a nice premium porn account payed in bitcoin of course.

Pretty prudish for a brony, aren't you?

Whatever happened to that famous brony tolerance and friendship?

Pretty deft observation for an old Socialist there, grampa.

*I also use Chinese graphics, ∴ I must be a Chinaman.  

So, a Blony?

[YogoH]

wow this is getting pretty interesting