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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31736. (Read 26711277 times)

hero member
Activity: 924
Merit: 1000
$34.8 million now on the Gox order book. This is up from around $13 million at the start of October.

I understand continuing to use Gox as I've been using them since the very beginning, but I certainly wouldn't be sending them additional $ if I wanted to buy BTC in the last few months.

Is this perhaps USD that was always there, but not on the order book? Or are folks really sending new $ there? Perhaps the Second Market guys? Other large investors? I could see them not going to Bitstamp due the lack of liquidity. I still believe (no evidence) that Gox has private deals with large players for USD withdrawals. But they can't risk opening up that faucet to everyone and having it turned off until their issues with the US Gov and CoinLab are addressed.

One word: Volume.

Despite gox's problem, they have the highest volume and the most amount of experience handling the most amount of money. You could probably trust bitstamp with that much money, but good luck buying a million dollars without radically changing the price and losing to slippage.

Gox has problems, but they always sort them out- supposidly the larger you are a client, the faster they sort things out too. :-)  

Agreed. There are a lot of old traders and early adopter coins there. Despite their issues, they were first in the game and have the most market depth to purchase/trade large amounts of coins. I would not be surprised at all to hear they have private deals with big investors.
elg
full member
Activity: 151
Merit: 104
noob question: how come Stamp and Gox are on the same btc value now?
hero member
Activity: 496
Merit: 500
Spanish Bitcoin trader

Sorry if I wasn't clear. f(x) in my example is not e^x

f(x) = 1/(1+e^(-x))

If you raise this function to higher and higher powers, it will look more and more like a step function and have a super-exponential growth phase on a log-chart (in the limit, it will look like a step function on the log chart as well as the linear chart)
I am testing this in fooplot.com but it still looks exponential. A superexponential growth would look like a line curving upwards in the log-chart, and there is nothing like that, only straight lines, steeper with greater exponents, granted.
legendary
Activity: 1148
Merit: 1018
Total bids past $35mil on Gox.  Pretty sure this is an ATH for that.

FYI:

hero member
Activity: 518
Merit: 500
Total bids past $35mil on Gox.  Pretty sure this is an ATH for that.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
$34.8 million now on the Gox order book. This is up from around $13 million at the start of October.

I understand continuing to use Gox as I've been using them since the very beginning, but I certainly wouldn't be sending them additional $ if I wanted to buy BTC in the last few months.

Is this perhaps USD that was always there, but not on the order book? Or are folks really sending new $ there? Perhaps the Second Market guys? Other large investors? I could see them not going to Bitstamp due the lack of liquidity. I still believe (no evidence) that Gox has private deals with large players for USD withdrawals. But they can't risk opening up that faucet to everyone and having it turned off until their issues with the US Gov and CoinLab are addressed.

One word: Volume.

Despite gox's problem, they have the highest volume and the most amount of experience handling the most amount of money. You could probably trust bitstamp with that much money, but good luck buying a million dollars without radically changing the price and losing to slippage.

Gox has problems, but they always sort them out- supposidly the larger you are a client, the faster they sort things out too. :-)  
sr. member
Activity: 378
Merit: 255
Anybody know if there are any decent Charities that take Bitcoin yet for donations?  Like Greenpeace or WaterAid or Medecin sans frontiere or whatever?  I'd like to stick someone else's address in my sig.

decent Charities...Greenpeace ?!?
full member
Activity: 189
Merit: 100
Hello
$34.8 million now on the Gox order book. This is up from around $13 million at the start of October.

I understand continuing to use Gox as I've been using them since the very beginning, but I certainly wouldn't be sending them additional $ if I wanted to buy BTC in the last few months.

Is this perhaps USD that was always there, but not on the order book? Or are folks really sending new $ there? Perhaps the Second Market guys? Other large investors? I could see them not going to Bitstamp due the lack of liquidity. I still believe (no evidence) that Gox has private deals with large players for USD withdrawals. But they can't risk opening up that faucet to everyone and having it turned off until their issues with the US Gov and CoinLab are addressed.

If the price right now is over five times higher than it was at the start of October and the money on the order books has grown almost three times.. where do you suspect these additional funds came from?
legendary
Activity: 1008
Merit: 1000

An exponential function is an exactly straight line on a logarithmic plot - and if the rate slows, it will go from linear to horizontal.

However, an "S-shaped" adoption curve could be a sigmoid function raised to some arbitrary power. If f(x) is a sigmoid function, then f(x)^2 will look like a sigmoid with a steeper vertical, and f(x)^100 will look like a step function (going from 0 adoption to 100% adoption in one day). So, if the power is somewhere between 1 and 2, it will look super-exponential for some period on the log plot.

(e^x)^2 = e^x * e^x = e^(x+x) which is still a straight exponential (This also applies to raising to any abitrary power)

Sorry if I wasn't clear. f(x) in my example is not e^x

f(x) = 1/(1+e^(-x))

If you raise this function to higher and higher powers, it will look more and more like a step function and have a super-exponential growth phase on a log-chart (in the limit, it will look like a step function on the log chart as well as the linear chart)
legendary
Activity: 1260
Merit: 1000
Drunk Posts
Well, second market has no need for usd withdrawals for a while, they have some kind of no sell policy for at least a few months.
full member
Activity: 202
Merit: 100
Anybody know if there are any decent Charities that take Bitcoin yet for donations?  Like Greenpeace or WaterAid or Medecin sans frontiere or whatever?  I'd like to stick someone else's address in my sig.
hero member
Activity: 520
Merit: 500
$34.8 million now on the Gox order book. This is up from around $13 million at the start of October.

I understand continuing to use Gox as I've been using them since the very beginning, but I certainly wouldn't be sending them additional $ if I wanted to buy BTC in the last few months.

Is this perhaps USD that was always there, but not on the order book? Or are folks really sending new $ there? Perhaps the Second Market guys? Other large investors? I could see them not going to Bitstamp due the lack of liquidity. I still believe (no evidence) that Gox has private deals with large players for USD withdrawals. But they can't risk opening up that faucet to everyone and having it turned off unit their issued with the US Gov and CoinLab are addressed.

The only thing I did with Gox is send BTC over there to liquidate and buy new BTC at lower prices to send back to coinbase where the price is about the same to sell...
sr. member
Activity: 255
Merit: 250
$34.8 million now on the Gox order book. This is up from around $13 million at the start of October.

I understand continuing to use Gox as I've been using them since the very beginning, but I certainly wouldn't be sending them additional $ if I wanted to buy BTC in the last few months.

Is this perhaps USD that was always there, but not on the order book? Or are folks really sending new $ there? Perhaps the Second Market guys? Other large investors? I could see them not going to Bitstamp due the lack of liquidity. I still believe (no evidence) that Gox has private deals with large players for USD withdrawals. But they can't risk opening up that faucet to everyone and having it turned off until their issues with the US Gov and CoinLab are addressed.
legendary
Activity: 4018
Merit: 1250
Owner at AltQuick.com
legendary
Activity: 1148
Merit: 1018
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
i'm feeling nostalgic

check out my youtube channel, its hilarious!

http://www.youtube.com/watch?v=Lzl5t1Sracc



tahm to check teh bitcoinz
legendary
Activity: 1372
Merit: 1000
Bitcoin still has some way to go, all this news isn't getting through.

11:04 unsolicited call from a financial adviser trying to solicit business for a major Canadian institution.

S: I hope I haven't caught you at a bad time?
M: it depends, is it important
S: I'll let you decide
M: Ok
S: .... gives me his why? Cant remember
M: So what would you suggest I do with $X in Bitcoin today.
S: Excuse me, is that some kind of public traded company?
M:  No its more like a commodity.
S: I haven't herd of it.
M: I suggest you look it up; I have to go good buy.
maz
full member
Activity: 140
Merit: 100
i'm feeling nostalgic

check out my youtube channel, its hilarious!

http://www.youtube.com/watch?v=Lzl5t1Sracc



Lol, those prices....

Make u wanna cry
full member
Activity: 202
Merit: 100
This loan thing is depending what is the situation. It's dumb to say that investing loaned money is absolutely wrong or that it's right. Many people spend rest of their lives in debt hell and investing some of that to bitcoin might be the way to get rid of that debt. There's risk but you have to calculate those risks based on your situation.

When you're in a hole, dig faster?

Maybe you can do a 180 curve while digging and get out of that hole.

You can't get out of a hole by digging - you need to find something that is about to defy gravity to lift you out Smiley
Sure you can. Dig on one side of the hole and use the dirt to build something that gets you up on the other side of the hole.
Lol - you're right, obviously.  As long as you start cutting into the sides above your head, you'll be safe - thanks.
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