I think we have been side ways in the 240's long enough. Due for a $10-$20 flast crash to squeeze all the hopeful Bitcoiners out of their money that bought hoping GBTC would be larger than Cryptsy.
Really it's the perfect time to fuck shit up because BTC still has a whole week recover and give the appears of a strong bounce back.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21738. (Read 26609407 times)
May 12, 2015, 07:02:21 AM
May 12, 2015, 06:58:30 AM
Bitcoin is so fucked up 2011. Better go for Dodge giving you nice +30% daily return.
But Dodge is Fiat now.
May 12, 2015, 06:57:51 AM
May 12, 2015, 06:43:49 AM
Bitcoin is so fucked up 2011. Better go for Dodge giving you nice +30% daily return.
May 12, 2015, 06:12:23 AM
I'm observing a wall of 504 btc at 240, in bitstamp.
(It's wall observer thread, isn't it
)
EDIT: it's 500 sharp now.
(It's wall observer thread, isn't it
)EDIT: it's 500 sharp now.
Not sure why people are selling their coins on bitstamp when they can sell on bitfinex for a higher price. Not to mention that there is more liquidity on bitfinex and their coins would therefore sell much quicker.
Maybe they just dont want to help people close their shorts on bitfinex by supplying them with coins
May 12, 2015, 06:10:46 AM
I'm observing a wall of 504 btc at 240, in bitstamp.
(It's wall observer thread, isn't it)
EDIT: it's 500 sharp now.
(It's wall observer thread, isn't it
)EDIT: it's 500 sharp now.
Report: off topic
Things are going to start happening now...
May 12, 2015, 05:57:51 AM
May 12, 2015, 05:53:35 AM
I'm observing a wall of 504 btc at 240, in bitstamp.
(It's wall observer thread, isn't it)
EDIT: it's 500 sharp now.
(It's wall observer thread, isn't it
)EDIT: it's 500 sharp now.
May 12, 2015, 05:48:48 AM
Some large dumps occurred on bitfinex but they were absorbed by the market. Very solid support - much of which may chase the price in the event of an increase.
Shorts keep going down every single day. (Lender BTC interest rates are dropping hard as well): http://bfxdata.com/swaphistory/btc.php
Seems like traders feel that bitcoins are under-priced and are therefore accumulating every bitcoin thrown at them. Demand seems to be exceeding current supplies, therefore a price increase seems likely in order to entice some people to sell their bitcoins.
Anyone who isn't bullish right now is crazy.Shorts keep going down every single day. (Lender BTC interest rates are dropping hard as well): http://bfxdata.com/swaphistory/btc.php
Seems like traders feel that bitcoins are under-priced and are therefore accumulating every bitcoin thrown at them. Demand seems to be exceeding current supplies, therefore a price increase seems likely in order to entice some people to sell their bitcoins.
I am just praying to hit ~238 on Finex so I can get in really good before the shot to 250. There has been so much trouble breaking through that I believe when we do we will be launched to 260.
Question to anyone in the know. Why broadcast your order unless you are attempting to show people something? what is the argument against hiding your orders?
May 12, 2015, 05:39:43 AM
Some large dumps occurred on bitfinex but they were absorbed by the market. Very solid support - much of which may chase the price in the event of an increase.
Shorts keep going down every single day. (Lender BTC interest rates are dropping hard as well): http://bfxdata.com/swaphistory/btc.php
Seems like traders feel that bitcoins are under-priced and are therefore accumulating every bitcoin thrown at them. Demand seems to be exceeding current supplies, therefore a price increase seems likely in order to entice some people to sell their bitcoins.
Shorts keep going down every single day. (Lender BTC interest rates are dropping hard as well): http://bfxdata.com/swaphistory/btc.php
Seems like traders feel that bitcoins are under-priced and are therefore accumulating every bitcoin thrown at them. Demand seems to be exceeding current supplies, therefore a price increase seems likely in order to entice some people to sell their bitcoins.
May 12, 2015, 05:31:15 AM
All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.
Anyone?
I would rather speak to traders who have been using a platform for a good amount of time for references.
Anyone?
It's good to know specific rules. Coinbase will cancel your account if you're sending BTC to LocalBitcoins, etc.
I'm not using the Coinbase exchange, because it's not yet available in my country, but I have been using Coinbase for 3 years and it always worked smooth for me.
I do see that if they SUSPECT that you are using coinbase to buy/sell in a high volume outside of personal use ( kinda like a business ) they will limit your account, which is fair for they went and jump though hoops to get where they are at right now, plus it also limits the liability that they might have due to the idiots that want to do illegal activities with bitcoin.
People get money seized and their accounts taken from suspicion of fraud all the time.
The reason for this seems to be Coinbase wanting to show the US Gov that it can enforce and closely monitor everything.
From what I have read Coinbase makes it very hard for a person to trade by himself in any significant amount
I am going to get a bitstamp account going.
Then a BTC-e if I can figure out how to use that site.
Of course coinbase wants to show they can monitor everything. The gov can take them out faster than we could blink if the feds even think they smell any kind of illegal activity. Have we as a community not seen this happen enough over the last few years?
Think about this, would you much rather have coinbase stop a few people who might have questionable intentions and leave the bigger community alone doing every day transactions, or would you rather just let it all go wild, and then the feds step in, taking millions of dollars in a siege and affecting everyone?
Look, I am not saying what they may or may not do is not over the top, but in todays climate, you cant be to careful, the feds are just looking for a reason to de-legitmatize BTC and every chance they get.
May 12, 2015, 05:25:41 AM
O really? Wow I never knew that. I usually dont keep the coins in an exchange anyways, but if I had that might have sucked not knowing.
Quick edit. I dont see anything about localbitcoin... though I do see that if they SUSPECT that you are using coinbase to buy/sell in a high volume outside of personal use ( kinda like a business ) they will limit your account, which is fair for they went and jump though hoops to get where they are at right now, plus it also limits the liability that they might have due to the idiots that want to do illegal activities with bitcoin.
Quick edit. I dont see anything about localbitcoin... though I do see that if they SUSPECT that you are using coinbase to buy/sell in a high volume outside of personal use ( kinda like a business ) they will limit your account, which is fair for they went and jump though hoops to get where they are at right now, plus it also limits the liability that they might have due to the idiots that want to do illegal activities with bitcoin.
Quote
7.2. Restricted Activities.
...
Act as a payment intermediary or aggregator or otherwise resell any of the Coinbase Services, unless expressly authorized by Coinbase in writing;
...
Act as a payment intermediary or aggregator or otherwise resell any of the Coinbase Services, unless expressly authorized by Coinbase in writing;
They published a statement specifically mentioning LocalBitcoins here: https://support.coinbase.com/customer/portal/articles/1905681-localbitcoins-and-coinbase
They dont say you cant do that.
"Coinbase customers may not, however, use their Coinbase Accounts to engage as a business in the exchange of virtual currency for fiat currency, funds, or other virtual currency."
So what that says to me is that if your not doing thousands of dollars a day/week, your okay. As I stated before, they had to jump though hoops to get all the stuff in order to become a somewhat legit exchange, its not fair for them to be abused by individuals who would otherwise be doing massive amounts of exchange activities.
I see no problems with it to be honest. They are just covering themselves in case. You know full well how fast the feds can come back and crack the whip on them if they even suspect anything.
May 12, 2015, 05:18:51 AM
All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.
Anyone?
I would rather speak to traders who have been using a platform for a good amount of time for references.
Anyone?
It's good to know specific rules. Coinbase will cancel your account if you're sending BTC to LocalBitcoins, etc.
I'm not using the Coinbase exchange, because it's not yet available in my country, but I have been using Coinbase for 3 years and it always worked smooth for me.
I do see that if they SUSPECT that you are using coinbase to buy/sell in a high volume outside of personal use ( kinda like a business ) they will limit your account, which is fair for they went and jump though hoops to get where they are at right now, plus it also limits the liability that they might have due to the idiots that want to do illegal activities with bitcoin.
People get money seized and their accounts taken from suspicion of fraud all the time.
The reason for this seems to be Coinbase wanting to show the US Gov that it can enforce and closely monitor everything.
From what I have read Coinbase makes it very hard for a person to trade by himself in any significant amount
I am going to get a bitstamp account going.
Then a BTC-e if I can figure out how to use that site.
May 12, 2015, 05:01:19 AM
Ill check them out
If you rely on the feedback of the Bitcoin community on reddit you can't use any Bitcoin service. Read the User Agreement and Terms of the services you're planning to use and if that's okay for you: sign up and verify your account.
I would rather speak to traders who have been using a platform for a good amount of time for references.
Anyone?
Is there a Coinbase thread in the service discussion section? I could not find one specifically set up by them for people to discuss their service and for them t respond to any problems raised. I found a few threads like this one though.
Stay away from Coinbase
May 12, 2015, 05:00:16 AM
May 12, 2015, 04:59:50 AM
All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.
Anyone?
I would rather speak to traders who have been using a platform for a good amount of time for references.
Anyone?
It's good to know specific rules. Coinbase will cancel your account if you're sending BTC to LocalBitcoins, etc.
I'm not using the Coinbase exchange, because it's not yet available in my country, but I have been using Coinbase for 3 years and it always worked smooth for me.
O really? Wow I never knew that. I usually dont keep the coins in an exchange anyways, but if I had that might have sucked not knowing.
Quick edit. I dont see anything about localbitcoin... though I do see that if they SUSPECT that you are using coinbase to buy/sell in a high volume outside of personal use ( kinda like a business ) they will limit your account, which is fair for they went and jump though hoops to get where they are at right now, plus it also limits the liability that they might have due to the idiots that want to do illegal activities with bitcoin.
May 12, 2015, 04:57:51 AM
May 12, 2015, 04:45:05 AM
All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.
Anyone?
I suggest you try here http://www.reddit.com/r/BitcoinMarkets/ as it's focused on nothing but trading. I'm sure someone on there will have made use of it.
May 12, 2015, 04:42:21 AM
All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.
Anyone?
I suggest you try here http://www.reddit.com/r/BitcoinMarkets/ as it's focused on nothing but trading. I'm sure someone on there will have made use of it.
May 12, 2015, 04:33:14 AM
Ill check them out
If you rely on the feedback of the Bitcoin community on reddit you can't use any Bitcoin service. Read the User Agreement and Terms of the services you're planning to use and if that's okay for you: sign up and verify your account.
I would rather speak to traders who have been using a platform for a good amount of time for references.
Anyone?
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