Trade patterns in bitcoin exchanges | Bitcointalksearch.org

Xenland

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Activity: 980

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I'm not just any shaman, I'm a Sha256man

Quote from: organofcorti on August 06, 2011, 09:44:26 PM

fluctuations like this will be common unless people start using their coins to actually do things - like buy stuff. If the coins have no use then people will hoard them hoping for another $30/btc day. The more you hoard the less the value of your coins are. Speculate a bit if you want, but if we don't spend and encourage a Bitcoin economy, Bitcoin might die.

I hope to solve this issue with my up and coming retailing website that will be an Amazon clone(i guess you could say), of course my pride will tell you its more then then a clone but you will have to see for your self once its released in September.

For the Bitcoin community to survive we need more outlets of purchasing power.

paraipan

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Quote from: organofcorti on August 06, 2011, 11:33:28 PM

So far I've had great experiences from the vendors BitcoinDelivers (now on hiatus) and Cablesaurus. I guess it's a buyer beware thing, and the advantage of not using a credit card to buy stuff has commensurate disadvantages. It's a matter of knowing from whom you should buy. Personal recommendations from forum members is a good start.

nice to know thanks

I'm in a dilemma here, on bitcoin-otc i've registered with almost similar but shorter nick "paraipan" and here I have this one "paraipanakos". how could I link them without having to re-register a new one on either service ? was thinking putting my public gpg in here but we don't have that
a bit off-topic sorry

organofcorti

donator

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Poor impulse control.

So far I've had great experiences from the vendors BitcoinDelivers (now on hiatus) and Cablesaurus. I guess it's a buyer beware thing, and the advantage of not using a credit card to buy stuff has commensurate disadvantages. It's a matter of knowing from whom you should buy. Personal recommendations from forum members is a good start.

indio007

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Activity: 224

Merit: 100

Quote from: organofcorti on August 06, 2011, 09:44:26 PM

fluctuations like this will be common unless people start using their coins to actually do things - like buy stuff. If the coins have no use then people will hoard them hoping for another $30/btc day. The more you hoard the less the value of your coins are. Speculate a bit if you want, but if we don't spend and encourage a bitcoin economy, bitcoin might die.

I agree 100% with you. The problem is BTC are too much like mailing cash. The counter party can easily rip people off. We need to solve this problem.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

fluctuations like this will be common unless people start using their coins to actually do things - like buy stuff. If the coins have no use then people will hoard them hoping for another $30/btc day. The more you hoard the less the value of your coins are. Speculate a bit if you want, but if we don't spend and encourage a bitcoin economy, bitcoin might die.

paraipan

legendary

Activity: 924

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Firstbits: 1pirata

time to pull out the bags, someone is loosing a great deal of money on mtgox Cheesy

organofcorti

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Poor impulse control.

Quote from: Xenland on August 06, 2011, 09:06:36 PM

I've been noticing strange patterns too but over at CampBX, if you look at the whole graph(green line one) and copy and scale it down you can see that it matches it repeats it self at a different scale in comparison of the whole.

You've already done the hard yards - mind posting the graph?

btw - almost time to buy. We're at $6/btc, so it's already pretty cheap. Cheaper than the cost of electricity to mine coins in my neighbourhood atm.

Xenland

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Activity: 980

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I'm not just any shaman, I'm a Sha256man

I've been noticing strange patterns too but over at CampBX, if you look at the whole graph(green line one) and copy and scale it down you can see that it matches it repeats it self at a different scale in comparison of the whole.

BCEmporium

legendary

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Sooooo... someone set up a wall @ 10 and try to byte them by 0.25 btc at the time?

paraipan

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Quote from: joulesbeef on August 06, 2011, 03:18:35 PM

for sure it is a bot.. or someone that is crazy.

cant really read block explorer too well but think this is him

using this guys thing to browse the chain

nice

looks like this guy is really determined

Code:

[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:27 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:28 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:28 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:28 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:28 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:28 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:28 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:28 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:28 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:29 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:17:29 cbx 0.2500 @ 8.03 USD
[22:18] <+amphipod> Aug06 20:16:54 mtgox 0.2500 @ 7.95 USD
[22:18] <+amphipod> Aug06 20:16:56 mtgox 0.2500 @ 7.95 USD
[22:18] <+amphipod> Aug06 20:16:58 mtgox 0.7012 @ 7.95 USD
[22:18] <+amphipod> Aug06 20:17:00 mtgox 0.2500 @ 7.95 USD
[22:18] <+amphipod> Aug06 20:17:00 mtgox 0.2500 @ 7.95 USD

edit: at least he is paying heavy fees for doing this, just checked with block explorer

joulesbeef

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moOo

for sure it is a bot.. or someone that is crazy.

cant really read block explorer too well but think this is him

using this guys thing to browse the chain

paraipan

legendary

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Merit: 1004

Firstbits: 1pirata

Quote from: djex on August 06, 2011, 02:46:55 PM

Quote from: organofcorti on August 06, 2011, 12:36:53 PM

trading algos are *hard* to do well.

Very true. It does look like a bot of some sort though, even if its a bot to just split up a mass amount of BTC.

you could be right, my first thought was like bigbrother trying to steer things down a little bit, way off I know Tongue

djex

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Quote from: organofcorti on August 06, 2011, 12:36:53 PM

trading algos are *hard* to do well.

Very true. It does look like a bot of some sort though, even if its a bot to just split up a mass amount of BTC.

joulesbeef

sr. member

Activity: 476

Merit: 250

moOo

just supposing they are.. due to the mybitcoin hack.. not trying to enter evidence in court.. bit it will be interesting to see if they can be traced back to mybitcoin when someone with more skills and time, can do the forensics like which was done with the 25k bitcoin theft.

indio007

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So we are going to just sit here why this guy dumps stolen coin? WTF. Is there any proof these are stolen coins? i.e. where is the evidence via blockexplorer?

paraipan

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Quote from: joulesbeef on August 06, 2011, 12:54:18 PM

Quote

Well the good news is eventually the bot operator is going to want to make a profit and will reverse to drive the price up.

doesnt have to worry about that if he is the mybitcoin hacker.. but damn it would take forever to unload all them coins at that rate.. his start doesnt have to be... changing the bitcoin price but just to make sure each of his 0.25 coins sell right away. He is dumping.

whats the addy to cbx?

guess cbx goes for https://campbx.com/

joulesbeef

sr. member

Activity: 476

Merit: 250

moOo

Quote

Well the good news is eventually the bot operator is going to want to make a profit and will reverse to drive the price up.

doesnt have to worry about that if he is the mybitcoin hacker.. but damn it would take forever to unload all them coins at that rate.. his start doesnt have to be... changing the bitcoin price but just to make sure each of his 0.25 coins sell right away. He is dumping.

whats the addy to cbx?

indio007

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