Classified inside sources
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21655. (Read 26610427 times)
May 26, 2015, 04:55:09 PM
Consolidation till june 20th, after that pump to $260 and then dump to $220, after that there may be another bubble.
Classified inside sources
Classified inside sources
May 26, 2015, 03:58:32 PM
May 26, 2015, 03:54:05 PM
The separation of exchanges into two categories seems to already be starting because of KTC regulations. The most compliant exchanges require so much official paperwork that it's difficult to register at them. The other less scrupulous exchanges are easier to register at but are often accused of running fractional reserves because they are never audited.
bitfinex was audited a year or so ago by a trusted community member (it's about time to do it again).
Just because an exchange doesn't do KYC/AML doesn't mean it can't (or shouldn't) be audited.
We can have trustless exchanges right away. The code is written [https://news.ycombinator.com/item?id=7277865].
Guess why we don't have it yet. Fractional Reserve and all information about the orderbook - this is heaven.
The customer is failing to do his job. A tragedy of the commons?
May 26, 2015, 03:33:00 PM
tick tock tick tock tick tock 
May 26, 2015, 02:57:34 PM
May 26, 2015, 02:54:00 PM
The separation of exchanges into two categories seems to already be starting because of KTC regulations. The most compliant exchanges require so much official paperwork that it's difficult to register at them. The other less scrupulous exchanges are easier to register at but are often accused of running fractional reserves because they are never audited.
bitfinex was audited a year or so ago by a trusted community member (it's about time to do it again).
Just because an exchange doesn't do KYC/AML doesn't mean it can't (or shouldn't) be audited.
We can have trustless exchanges right away. The code is written [https://news.ycombinator.com/item?id=7277865].
Guess why we don't have it yet. Fractional Reserve and all information about the orderbook - this is heaven.
May 26, 2015, 02:48:55 PM
The separation of exchanges into two categories seems to already be starting because of KTC regulations. The most compliant exchanges require so much official paperwork that it's difficult to register at them. The other less scrupulous exchanges are easier to register at but are often accused of running fractional reserves because they are never audited.
Well, I'd prefer some KYC probes up my arse compared to pouring my resources into a bottomless black hole. I can't foresee two systems existing in tandem for very long. Customers would need to vote with their cash.
May 26, 2015, 02:46:16 PM
The separation of exchanges into two categories seems to already be starting because of KTC regulations. The most compliant exchanges require so much official paperwork that it's difficult to register at them. The other less scrupulous exchanges are easier to register at but are often accused of running fractional reserves because they are never audited.
bitfinex was audited a year or so ago by a trusted community member (it's about time to do it again).
Just because an exchange doesn't do KYC/AML doesn't mean it can't (or shouldn't) be audited.
May 26, 2015, 02:45:15 PM
Arbitrage should take care of this. I think the market is manipulated, but it can only be done to a certain degree.
I agree. With a market of this size, you really have to expect manipulation. Even a whale carefully trading a 10k position is going to manipulate the market, intentionally or not. It's simply the nature of the volume that he trades.
May 26, 2015, 02:43:35 PM
you can't fight chinese database coin dumpers. they run fractional reserve exchanges and can dump ten thousands of coins on the market over and over again. until this isn't resolved there is no way i'm throwing a single dollar on this scam.
It'll be interesting to see whether they're left completely in the dust once buyers have no shortage of options for exchanges that are actually audited and reputable. Momentum is slowly gathering.
It's pretty amazing that people are still willing to put coins and money into such places.
I wonder if two markets would form - 'legit' and 'murky' with the latter completely separate or whether they'll drag down the proper exchanges. Surely there must be a point where transparency must be supplied to be considered relevant.
The separation of exchanges into two categories seems to already be starting because of KTC regulations. The most compliant exchanges require so much official paperwork that it's difficult to register at them. The other less scrupulous exchanges are easier to register at but are often accused of running fractional reserves because they are never audited.
May 26, 2015, 02:42:31 PM
Holy Fucking Macaroni!
Pardon my French
Wow, I mean just wow.
Founder of Visa, former CEO of Citibank and former Secretary of the Treasury in one single bitcoin company advisory board.
yeah, right? fucking hell! I like Wences Cesares,... those other dudes I am a bit suspicious about.
May 26, 2015, 02:41:40 PM
you can't fight chinese database coin dumpers. they run fractional reserve exchanges and can dump ten thousands of coins on the market over and over again. until this isn't resolved there is no way i'm throwing a single dollar on this scam.
Arbitrage should take care of this. I think the market is manipulated, but it can only be done to a certain degree.I must agree with this. It's a new market, so manipulation is unavoidable. As we grow, this problem will take care of itself.
Could you elaborate this more please, as it makes some sense for me as I didn't get the full picture yet and I want to fully understand it.
Some say that the bitcoin economy is too tiny to get serious attention from the people who owns the banks. But bitcoin could be like cancer to them. It's small, but still a big threat.
May 26, 2015, 02:17:31 PM
you can't fight chinese database coin dumpers. they run fractional reserve exchanges and can dump ten thousands of coins on the market over and over again. until this isn't resolved there is no way i'm throwing a single dollar on this scam.
Arbitrage should take care of this. I think the market is manipulated, but it can only be done to a certain degree.I must agree with this. It's a new market, so manipulation is unavoidable. As we grow, this problem will take care of itself.
Could you elaborate this more please, as it makes some sense for me as I didn't get the full picture yet and I want to fully understand it.
May 26, 2015, 02:11:50 PM
you can't fight chinese database coin dumpers. they run fractional reserve exchanges and can dump ten thousands of coins on the market over and over again. until this isn't resolved there is no way i'm throwing a single dollar on this scam.
Arbitrage should take care of this. I think the market is manipulated, but it can only be done to a certain degree.I must agree with this. It's a new market, so manipulation is unavoidable. As we grow, this problem will take care of itself.
May 26, 2015, 01:59:36 PM
you can't fight chinese database coin dumpers. they run fractional reserve exchanges and can dump ten thousands of coins on the market over and over again. until this isn't resolved there is no way i'm throwing a single dollar on this scam.
Arbitrage should take care of this. I think the market is manipulated, but it can only be done to a certain degree.I must agree with this. It's a new market, so manipulation is unavoidable. As we grow, this problem will take care of itself.
May 26, 2015, 01:57:36 PM
May 26, 2015, 01:42:23 PM
you can't fight chinese database coin dumpers. they run fractional reserve exchanges and can dump ten thousands of coins on the market over and over again. until this isn't resolved there is no way i'm throwing a single dollar on this scam.
It'll be interesting to see whether they're left completely in the dust once buyers have no shortage of options for exchanges that are actually audited and reputable. Momentum is slowly gathering.
It's pretty amazing that people are still willing to put coins and money into such places.
I wonder if two markets would form - 'legit' and 'murky' with the latter completely separate or whether they'll drag down the proper exchanges. Surely there must be a point where transparency must be supplied to be considered relevant.
May 26, 2015, 01:41:32 PM
you can't fight chinese database coin dumpers. they run fractional reserve exchanges and can dump ten thousands of coins on the market over and over again. until this isn't resolved there is no way i'm throwing a single dollar on this scam.
Arbitrage should take care of this. I think the market is manipulated, but it can only be done to a certain degree. 
May 26, 2015, 01:40:53 PM
you can't fight chinese database coin dumpers. they run fractional reserve exchanges and can dump ten thousands of coins on the market over and over again. until this isn't resolved there is no way i'm throwing a single dollar on this scam.
and every non-chinese trades ( most of the traders there ) 's exit strategy is to withdraw bitcoin...
May 26, 2015, 01:02:38 PM
you can't fight chinese database coin dumpers. they run fractional reserve exchanges and can dump ten thousands of coins on the market over and over again. until this isn't resolved there is no way i'm throwing a single dollar on this scam.
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