Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21783.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: minerpumpkin on May 06, 2015, 06:36:17 PM

These kinds of incidents and errors look just like things programs written for Computer Science 101 classes would produce. This isn't some minor rounding error anymore - if true, someone has messed this up big time!

Have you seen the BitGo integer overflow error? (BitGo gave to a lucky user a javascript tool to recover BTC from an old-format wallet. The tool had an integer overflow bug that would send at most 2³² - 1 satoshi (~40 BTC) to the destination output, leaving everything else as transaction fee. Fortunately the miner was nice and returned the ~80 BTC fee to the user.)

UnholyTrinity

newbie

Activity: 11

Merit: 0

How did GBTC react to the dump? Could they be added to chartbuddy? We need to know the REAL price for BTC. Why can´t i find their REAL price on any other exchange? Could somebody please explain again? I don´t understand! Embarrassed

inca

legendary

Activity: 1176

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Quote from: Jammalan the Prophet on May 06, 2015, 07:10:12 PM

Quote from: inca on May 06, 2015, 07:06:49 PM

Quote from: Jammalan the Prophet on May 06, 2015, 07:00:17 PM

Quote from: inca on May 06, 2015, 06:55:32 PM

Down a few dollars. Still just 1400 coins on finex back to 234 lol

Quote from: inca on October 13, 2014, 05:16:44 PM

Awesome.

1600 coins to 430 on stamp

=))))))))))))))))))))))))))))))))))))))))))))))))))))

Such is a protracted bear market. But it cannot go on forever Wink

NOTHING can go on forever.
Not this bear market , not a bull market , and not bitcoin of course.
Sooner or later everything will be reduced to dust and memories

Quite. I do rather hope btc rises before then though (so I can buy myself a nice yacht)

Jammalan the Prophet

sr. member

Activity: 500

Merit: 250

Quote from: inca on May 06, 2015, 07:06:49 PM

Quote from: Jammalan the Prophet on May 06, 2015, 07:00:17 PM

Quote from: inca on May 06, 2015, 06:55:32 PM

Down a few dollars. Still just 1400 coins on finex back to 234 lol

Quote from: inca on October 13, 2014, 05:16:44 PM

Awesome.

1600 coins to 430 on stamp

=))))))))))))))))))))))))))))))))))))))))))))))))))))

Such is a protracted bear market. But it cannot go on forever Wink

NOTHING can go on forever.
Not this bear market , not a bull market , and not bitcoin of course.
Sooner or later everything will be reduced to dust and memories

inca

legendary

Activity: 1176

Merit: 1000

Quote from: Jammalan the Prophet on May 06, 2015, 07:00:17 PM

Quote from: inca on May 06, 2015, 06:55:32 PM

Down a few dollars. Still just 1400 coins on finex back to 234 lol

Quote from: inca on October 13, 2014, 05:16:44 PM

Awesome.

1600 coins to 430 on stamp

=))))))))))))))))))))))))))))))))))))))))))))))))))))

Such is a protracted bear market. But it cannot go on forever Wink

UnholyTrinity

newbie

Activity: 11

Merit: 0

Quote from: inca on May 06, 2015, 06:55:32 PM

Down a few dollars. Still just 1400 coins on finex back to 234 lol

Stupid bears are extremely premature today again. I can´t see any problem with the price as long as we are still above double digits!

ricmi

newbie

Activity: 23

Merit: 0

Quote from: UnholyTrinity on May 06, 2015, 06:49:02 PM

Quote from: ricmi on May 06, 2015, 06:42:32 PM

400 k of new longs opened! Seems promising and bullish.

I'm buying.

Count me MF in, i´m buyin all i can, just like every other day! Everytime longs increase it is bullish , same thing when shorts increase=bullish. When longs or shorts go down it is also bullish.
I learned that in the trading school of inca. What could go wrong?

You don't sound so smart, because smart money like Citadel hedge fund is building a secret rocket on GBTC as we speak.

Also, what this milky dude said. Now is the right time to buy coins on BFX and leave them for good.

Just buy.

Jammalan the Prophet

sr. member

Activity: 500

Merit: 250

Quote from: inca on May 06, 2015, 06:55:32 PM

Down a few dollars. Still just 1400 coins on finex back to 234 lol

Quote from: inca on October 13, 2014, 05:16:44 PM

Awesome.

1600 coins to 430 on stamp

=))))))))))))))))))))))))))))))))))))))))))))))))))))

uhoh

hero member

Activity: 742

Merit: 500

Circle gets the Square

bored of btc...

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

inca

legendary

Activity: 1176

Merit: 1000

Down a few dollars. Still just 1400 coins on finex back to 234 lol

UnholyTrinity

newbie

Activity: 11

Merit: 0

Quote from: ricmi on May 06, 2015, 06:42:32 PM

400 k of new longs opened! Seems promising and bullish.

I'm buying.

Count me MF in, i´m buyin all i can, just like every other day! Everytime longs increase it is bullish , same thing when shorts increase=bullish. When longs or shorts go down it is also bullish.
I learned that in the trading school of inca. What could go wrong?

Quote from: inca on May 04, 2015, 04:07:30 AM

Quote from: ABCbits on May 04, 2015, 02:44:07 AM

It's difficult for bitcoin to reach $250 for long time, some people ready to dump their bitcoin when bitcoin price at $250 or above
And then bitcoin price down to $22x again Sad

It is currently 9 dollars away.

As soon as GBTC trades the price will jump another thirty dollars.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: Wandererfromthenorth on May 06, 2015, 06:28:58 PM

So you are telling me that since bitcoin went from a few millions marketcap to a few billions marketcap, it means hundread of billions of even trillions is next?

Any penny stock pump and dump looks like that. Some bubble up again, some don't.

Saying that "bitcoin history will repeat itself" is BIAS. Bias gets people killed.

Not saying it won't happen, just saying that blindly buying and hoping is not a good strategy. Exactly as when it was at $2 or $10, the best strategy was to form an opinion on the market and buy/sell accordingly.

I'm not Saying that "bitcoin history will repeat itself" .. history doesn't always repeat, but it does seem to rhyme.

I'm just saying that there is a chance (a good chance, in my opinion) that it could be several months before we see a significant move upwards, if ever...

when we were at 2 dollars I was not sure the price would ever recover, I sold plenty coins at the 5 to 10 dollar range to protect myself against the chance that it might never go up again.

I also held on to a "small" amount of coins, "just in case"...

If you are going to hedge, you should hedge against both outcomes.

That's all I'm trying to say

ricmi

newbie

Activity: 23

Merit: 0

400 k of new longs opened! Seems promising and bullish.

I'm buying.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: Jammalan the Prophet on May 06, 2015, 06:37:00 PM

Honestly right now I would actually ROFL if it will be confirmed that there was no real dump and just a trade engine malfunction .

Well the dump was at least partly legit. Huobi was slowly breaking below support and started to sell, Finex as well. Then at some point things cascaded down to ~$227 or so. That was a big dump already. But then something peculiar happened: The price went up to $234 again, only to fall back to $228 again. I bet a lot of positions may have gotten margin-called or at least stopped during those movements. Could be due to the engine malfunctioning. And what's the deal with the decimal places!?

UnholyTrinity

newbie

Activity: 11

Merit: 0

If things should get ugly due to a eventual Bitfinex "fuckup" "shutdown" whatever , we could all agree to just take GBTC prices as standard reference for this thread. Live would be better!

Chainsaw

hero member

Activity: 625

Merit: 501

x

I believe the Bitfinex owner occasionally appears on the Whaleclub Teamspeak channel.
(They moved addresses, don't have the link anymore.)

It's possible the folks over there have a clearer picture of what is going on.

Jammalan the Prophet

sr. member

Activity: 500

Merit: 250

Quote from: minerpumpkin on May 06, 2015, 06:33:02 PM

Quote from: Jammalan the Prophet on May 06, 2015, 06:19:58 PM

Quote from: minerpumpkin on May 06, 2015, 06:11:38 PM

Quote from: Jammalan the Prophet on May 06, 2015, 06:02:13 PM

Quote from: Morecoin Freeman on May 06, 2015, 05:57:49 PM

Ok show is over. I'm back in at a favorable price < 229. Grin

Give it a bit more time..
I have a feeling Btc-e will do something pretty stupid soon , no matter what direction

Really why do you think so? I mean yeah, they started that crazy rally the other week and turned up the volume quite a bit, but why would they do anything like that now? - Just trying to follow your train of thoughts here!

Because they had no real dump in this time frame.
Because of the low volume somebody might want to make the btc-e the leader again.

300 coins , all that it takes for BTCe to be above the startofdump price.

Interesting. BTC-e always seems to be the exchange that works according to its own rules, it seems... That's also the reason why all the other exchanges were looking so perplexed at the pump the other week, I guess. It's just not common for them to pull of a stunt with that magnitude on their own.

Honestly right now I would actually ROFL if it will be confirmed that there was no real dump and just a trade engine malfunction .
As for Btc-e , they are usually in panic mode with a lot of fat fingers. Since they didn't react to the "dump" one can only assume they would troll us the other way.

minerpumpkin

hero member

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A pumpkin mines 27 hours a night

Quote from: UnholyTrinity on May 06, 2015, 06:24:11 PM

Quote from: Chainsaw on May 06, 2015, 06:19:05 PM

There is a thread in reddit with multiple reports of Bitfinex users watching a malfunction occur, with massive long and short orders which they did not issue, and far exceeding the size of their account. It is being rapidly downvoted, and reddit is lagged.
http://www.reddit.com/r/BitcoinMarkets/comments/353yu8/bitfinex_having_serious_lag_issues_be_very/

If confirmed, I think there will be a bit of a holding pattern in the market until Bitfinex announces how they are going to clean up the mess.

Even Gox couldn´t manage to fuck up their trading engine that bad. Impressive, but one thing is for sure, this is bullish as fuck.This small incident will soon give us another moonshot!

"I had a few hundred trades executed in my account within a couple of minutes. At one point I was long over 2000 BTC, a minute later short 707 BTC. Currently long 808BTC. My account started with only 6.5BTC and is currently reporting losses of $15,000"

"Yep samething. Except i didnt get a screen shot in time showing 1700 coins. I am now showing 97 coins long. Mind you i only had about 7 btc in the act. Screen shot posted below. http://postimg.org/image/ejfsyas2b/"

These kinds of incidents and errors look just like things programs written for Computer Science 101 classes would produce. This isn't some minor rounding error anymore - if true, someone has messed this up big time!

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: Chainsaw on May 06, 2015, 06:19:05 PM

There is a thread in reddit with multiple reports of Bitfinex users watching a malfunction occur, with massive long and short orders which they did not issue, and far exceeding the size of their account. It is being rapidly downvoted, and reddit is lagged.
http://www.reddit.com/r/BitcoinMarkets/comments/353yu8/bitfinex_having_serious_lag_issues_be_very/

If confirmed, I think there will be a bit of a holding pattern in the market until Bitfinex announces how they are going to clean up the mess.

Well, if this is true and people are losing 5-figure USD amounts, I doubt there won't be people pushing for this to get resolved. I wonder whether it's merely a "bookkeeping" problem, or something that can be rolled back, or someone ends up having to pay for this mess. And if this turns out to be Finex... well,.... Popcorn time?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21783. (Read 26608963 times)