Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24727. (Read 26713246 times)
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Colletrix - Bridging the Physical and Virtual Worl
November 04, 2014, 01:13:04 PM
November 04, 2014, 01:12:25 PM
[ ... ] using BTCChina to crash. Volume reported by bitcoincharts is greater than Bitstamp, Bitfinex and BTC-E together, so it could be fake.
Since about Oct/10, BTC-China's volume has been comparable to what it was in Nov 2013 (~50--60 kBTC/day).
During the Nov bubble, OKCoin was ~30 kBTC/day, Huobi ~20, MtGOX ~25, Bitstamp ~20, BTC-e ~20, Bitfinex ~5.
After the december decrees, BTC-China they lost nearly all their volume, while Huobi and OKCoin grew.
The November bubble cannot have been solely a MtGOX internal mega-pump. There is a plausible explanation for it, which is the opening of the huge Chinese mainland market of amateur speculators. That demand required huge arbitrage activity, buying hundreds of thousands of coins in the "Western" exchanges (including MtGOX) and selling them to speculators and holders in China. Arbitragers (which were probably exchange owners) must have made tons of money that month. Willy was probably the buying end of an arbitrage pump at MtGOX, the selling end being perhaps at BTC-China.
No way in hell. MtGox could not absorb hundreds of thousands of coins being taken off the market without going well in to the 10000's/BTC
It was fake money buying real BTC. Most logical explanation.
November 04, 2014, 01:07:44 PM
[ ... ] using BTCChina to crash. Volume reported by bitcoincharts is greater than Bitstamp, Bitfinex and BTC-E together, so it could be fake.
Since about Oct/10, BTC-China's volume has been comparable to what it was in Nov 2013 (~50--60 kBTC/day).
During the Nov bubble, OKCoin was ~30 kBTC/day, Huobi ~20, MtGOX ~25, Bitstamp ~20, BTC-e ~20, Bitfinex ~5.
After the december decrees, BTC-China they lost nearly all their volume, while Huobi and OKCoin grew.
The November bubble cannot have been solely a MtGOX internal mega-pump. There is a plausible explanation for it, which is the opening of the huge Chinese mainland market of amateur speculators. That demand required huge arbitrage activity, buying hundreds of thousands of coins in the "Western" exchanges (including MtGOX) and selling them to speculators and holders in China. Arbitragers (which were probably exchange owners) must have made tons of money that month. Willy was probably the buying end of an arbitrage pump at MtGOX, the selling end being perhaps at BTC-China.
November 04, 2014, 01:06:13 PM
Winklevosses should spend less time on embarassing themselves at conferences and more time on reinstating Willy, this time preferably at multiple exchanges.
November 04, 2014, 01:02:47 PM
Seems that price is managed by a little little quantity of volume. However, see the show of the brother winklevoss yesterday evening about the ETF 
November 04, 2014, 01:00:26 PM
November 04, 2014, 12:59:52 PM
I just wrote an e-mail to all of the three big chinese exchanges in which i informed them that i have reported them to the PBOC due to the reason that they are stealing money from the hard working chinese people with price and volume manipulation. I will post their reply in here if i should get one. 
November 04, 2014, 12:55:02 PM
Triple top or breakout? We shall know soon enough.
bullish !
November 04, 2014, 12:49:49 PM
Triple top or breakout? We shall know soon enough.
November 04, 2014, 12:48:24 PM
https://www.bitstamp.net/article/final-notice-to-unverified-account-holders/
You could view it as a donation to the UK government, perhaps in particular the GCHQ?
Quote
Any remaining balances will be subject to immediate seizure by and forfeiture to regulatory authorities.
You could view it as a donation to the UK government, perhaps in particular the GCHQ?
Thanks for the link... Gosh this is some fucking travesty LOL
Dear Bitstamp customer:
November 04, 2014, 12:44:44 PM
7 days until Bitstamp seizes all BTC belonging to unverified accounts.
Criminals don't have much time left to get fake IDs, spend all their filthy fiat money buying and withdraw BTC.
Criminals don't have much time left to get fake IDs, spend all their filthy fiat money buying and withdraw BTC.
Wait, are they doing this for real? Bitstamp has already slipped to the point of irrelevance, and now this? They are fucked!
Quote
Any remaining balances will be subject to immediate seizure by and forfeiture to regulatory authorities.
You could view it as a donation to the UK government, perhaps in particular the GCHQ?
November 04, 2014, 12:43:01 PM
The price has stagnated for a while now 300-340 USD.
It'd be nice to even have a jump of 50 dollars or something.
Yawn.
It'd be nice to even have a jump of 50 dollars or something.
Yawn.
teh market is moving again yesss
November 04, 2014, 12:40:31 PM
7 days until Bitstamp seizes all BTC belonging to unverified accounts.
Criminals don't have much time left to get fake IDs, spend all their filthy fiat money buying and withdraw BTC.
Criminals don't have much time left to get fake IDs, spend all their filthy fiat money buying and withdraw BTC.
Wait, are they doing this for real? Bitstamp has already slipped to the point of irrelevance, and now this? They are fucked!
November 04, 2014, 12:40:17 PM
can we now call this bear trap 
November 04, 2014, 12:38:04 PM
The price has stagnated for a while now 300-340 USD.
It'd be nice to even have a jump of 50 dollars or something.
Yawn.
It'd be nice to even have a jump of 50 dollars or something.
Yawn.
November 04, 2014, 12:37:57 PM
With 0% fees, you can self-trade (market fill your limit order before others do) and the cost will be 0. If you want to trade with others, the cost will be only the (naturally low) spread. That's why I call it fake.
So you're changing your tune now Blitz? I distinctly remember posts from you months ago, where you defended Chinese exchanges saying their volume was completely legit.
He's always a bit slow.
November 04, 2014, 12:37:39 PM
7 days until Bitstamp seizes all BTC belonging to unverified accounts.
Criminals don't have much time left to get fake IDs, spend all their filthy fiat money buying and withdraw BTC.
Criminals don't have much time left to get fake IDs, spend all their filthy fiat money buying and withdraw BTC.
November 04, 2014, 12:31:31 PM
Maybe this was a actually a good happening today and the western ones will decouple a bit more(get independent) from China as todays actions were too obvious faked to take them 100% seriously and consider them without a doubt as market leader all the time, just like all the other exchanges did with Gox after a while.
November 04, 2014, 12:31:14 PM
With 0% fees, you can self-trade (market fill your limit order before others do) and the cost will be 0. If you want to trade with others, the cost will be only the (naturally low) spread. That's why I call it fake.
So you're changing your tune now Blitz? I distinctly remember posts from you months ago, where you defended Chinese exchanges saying their volume was completely legit.
By the way, I do remember that the Chinese exchanges were supposed to abolish margin, 0% fee etc. in a plan to appease the Chinese regulators. WTF happened to that?
November 04, 2014, 12:28:33 PM
With 0% fees, you can self-trade (market fill your limit order before others do) and the cost will be 0. If you want to trade with others, the cost will be only the (naturally low) spread. That's why I call it fake.
So you're changing your tune now Blitz? I distinctly remember posts from you months ago, where you defended Chinese exchanges saying their volume was completely legit.
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