Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25695.

N12

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Quote from: esse83 on September 19, 2014, 04:59:49 PM

Quote from: N12 on September 19, 2014, 04:52:54 PM

Quote from: Argwai96 on September 19, 2014, 04:40:44 PM

Quote from: N12 on September 19, 2014, 03:44:08 PM

Quote from: esse83 on September 19, 2014, 03:35:45 PM

Quote from: ShroomsKit on September 19, 2014, 05:22:56 AM

..these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.

This quote should be immortalized, instant classic.

Immortalized!

Quote from: esse83 on September 19, 2014, 03:41:50 PM

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

Really? Did they state they do this? How would one be able to tell by watching the charts -- couldn't someone just be placing asks, then removing to market sell when they aren't bought?

I recall that they did within this thread (the principle, but not the specifics of the algo, obviously), read it very carefully: https://www.reddit.com/r/BitcoinMarkets/comments/2dohjg/im_josh_rossi_from_bitfinex_here_to_talk_about/

Quote

To be clear, we do not trade on behalf of any user, nor do we take any position. Our trading platform simply introduces speed bumps for any order which seems to be an aberration from normal trading behavior.

https://www.reddit.com/r/BitcoinMarkets/comments/2dohjg/im_josh_rossi_from_bitfinex_here_to_talk_about/cjri08w

This is pretty much admitting to speculating with some user funds (or let's say, unwinding their position) in a way that they prefer, no? That's what I meant, anyway.

Someone spotted the algo's pattern in action back then during the liquidation, but of course they will try and make it less obvious.

Kupsi

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9.9.2012: I predict that single digits... <- FAIL

Quote from: keithers on September 19, 2014, 04:55:23 PM

blokchina.info seems to be working with the confirmations again...

But their charts are not fixed... Roll Eyes

esse83

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Activity: 545

Merit: 500

Quote from: N12 on September 19, 2014, 04:52:54 PM

Quote from: Argwai96 on September 19, 2014, 04:40:44 PM

Quote from: N12 on September 19, 2014, 03:44:08 PM

Quote from: esse83 on September 19, 2014, 03:35:45 PM

Quote from: ShroomsKit on September 19, 2014, 05:22:56 AM

..these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.

This quote should be immortalized, instant classic.

Immortalized!

Quote from: esse83 on September 19, 2014, 03:41:50 PM

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

Really? Did they state they do this? How would one be able to tell by watching the charts -- couldn't someone just be placing asks, then removing to market sell when they aren't bought?

I recall that they did within this thread (the principle, but not the specifics of the algo, obviously), read it very carefully: https://www.reddit.com/r/BitcoinMarkets/comments/2dohjg/im_josh_rossi_from_bitfinex_here_to_talk_about/

Quote

To be clear, we do not trade on behalf of any user, nor do we take any position. Our trading platform simply introduces speed bumps for any order which seems to be an aberration from normal trading behavior.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

keithers

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This is the land of wolves now & you're not a wolf

blokchina.info seems to be working with the confirmations again...

N12

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Activity: 1610

Merit: 1010

Quote from: Argwai96 on September 19, 2014, 04:40:44 PM

Quote from: N12 on September 19, 2014, 03:44:08 PM

Quote from: esse83 on September 19, 2014, 03:35:45 PM

Quote from: ShroomsKit on September 19, 2014, 05:22:56 AM

..these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.

This quote should be immortalized, instant classic.

Immortalized!

Quote from: esse83 on September 19, 2014, 03:41:50 PM

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

Really? Did they state they do this? How would one be able to tell by watching the charts -- couldn't someone just be placing asks, then removing to market sell when they aren't bought?

I recall that they did within this thread (the principle, but not the specifics of the algo, obviously), read it very carefully: https://www.reddit.com/r/BitcoinMarkets/comments/2dohjg/im_josh_rossi_from_bitfinex_here_to_talk_about/

esse83

hero member

Activity: 545

Merit: 500

Quote from: Argwai96 on September 19, 2014, 04:40:44 PM

Quote from: N12 on September 19, 2014, 03:44:08 PM

Quote from: esse83 on September 19, 2014, 03:35:45 PM

Quote from: ShroomsKit on September 19, 2014, 05:22:56 AM

..these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.

This quote should be immortalized, instant classic.

Immortalized!

Quote from: esse83 on September 19, 2014, 03:41:50 PM

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

Really? Did they state they do this? How would one be able to tell by watching the charts -- couldn't someone just be placing asks, then removing to market sell when they aren't bought?

Of course they didn't state this.. we don't know much on how they do it (they did state that they changed how they perform margin calls though). All we can do is observe the market and look for repetition of behavior (live I might add, not charts afterwards). Then we can draw a (speculative..) conclusion.

adamstgBit

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Activity: 1904

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Trusted Bitcoiner

Quote from: David M on September 19, 2014, 04:28:30 PM

2.5 BTC for a Grand.

I would have liked to see 3 BTC for a grand and if we get really lucky... 4 & 5 BTC

Thems cold storage prices...

https://www.youtube.com/watch?v=msQPHxTUgzI

adamstgBit

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Activity: 1904

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Trusted Bitcoiner

Quote from: Argwai96 on September 19, 2014, 04:40:44 PM

Quote from: N12 on September 19, 2014, 03:44:08 PM

Quote from: esse83 on September 19, 2014, 03:35:45 PM

Quote from: ShroomsKit on September 19, 2014, 05:22:56 AM

..these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.

This quote should be immortalized, instant classic.

Immortalized!

Quote from: esse83 on September 19, 2014, 03:41:50 PM

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

Really? Did they state they do this? How would one be able to tell by watching the charts -- couldn't someone just be placing asks, then removing to market sell when they aren't bought?

people see wtv they want to see...

Argwai96

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Activity: 1036

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Thug for life!

Quote from: N12 on September 19, 2014, 03:44:08 PM

Quote from: esse83 on September 19, 2014, 03:35:45 PM

Quote from: ShroomsKit on September 19, 2014, 05:22:56 AM

..these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.

This quote should be immortalized, instant classic.

Immortalized!

Quote from: esse83 on September 19, 2014, 03:41:50 PM

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

Really? Did they state they do this? How would one be able to tell by watching the charts -- couldn't someone just be placing asks, then removing to market sell when they aren't bought?

David M

sr. member

Activity: 476

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2.5 BTC for a Grand.

I would have liked to see 3 BTC for a grand and if we get really lucky... 4 & 5 BTC

Thems cold storage prices...

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

Quote from: JayJuanGee on September 19, 2014, 04:10:39 PM

Quote from: Torque on September 19, 2014, 11:43:19 AM

Dat PPC PnD bubble pop.. on its way back to $0.70

https://bitcoinwisdom.com/markets/btce/ppcusd

Some of these alts are truly fucked!!!! I really cannot see them returning to their November 2013 highs.. .for example PPC was trading in the mid-$7.00s... .. Sure it is possible that they will again achieve such high pump, but they really seem to be downward trending the whole lot of them.. I am NOT denying some pumping and dumping opportunities b/c surely those pumping and dumping opportunities will continue to persist... for those who may time it right or have some good insider information (which may just mean studying particular coins for particular pump and dump opportunties)

Holy fuck, that was quite a dump. Guess we'll stop seeing posts about PPC performances.

esse83

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Activity: 545

Merit: 500

Quote from: grappa_barricata on September 19, 2014, 03:55:41 PM

Quote from: N12 on September 19, 2014, 03:44:08 PM

Quote from: esse83 on September 19, 2014, 03:41:50 PM

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

I've also noticed that before a margin call sometimes an opposing order with the exact amount come out, by magic.
This happened to me, when there is not enough liquidity available near the margin call price (perhaps).

Lets not forget that the owner of bitfinex (Raphael Nicolle) was a huge supporter of pirateat40 and not long after offered a similar service.

Quote

Also questionable is the founder, Raphael Nicolle, himself. Fortunately, this is not another attempt at an anonymously run financial service; Nicolle has provided a LinkedIn profile which confirms his involvement in BitFinex, and has plans to register the company when they settle on the best jurisdiction to locate their service. However, he was also involved in the Bitcoin investment scheme craze that had reached its peak in the Bitcoin community this summer, strongly supporting the (then only suspected) Bitcoin Ponzi scheme operator Pirateat40 in August, stating “now that Pirateat40 closed down his operatations thanks to all the fud that was going on and growing on the forum, I expect everyone that spreads this fud, accused and insulted Pirate and the people that supported him to apologize.” He even tried to open a 2%-per-week investment scheme of his own in September.

http://bitcoinmagazine.com/2830/bitfinex-bitcoinica-rises-from-the-grave/

Just to add to the margin call theory, after they dump they seem to instigate a mini pump to trick traders into buying the asks (which makes sense). It's fascinating to watch..

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: Torque on September 19, 2014, 11:43:19 AM

Dat PPC PnD bubble pop.. on its way back to $0.70

https://bitcoinwisdom.com/markets/btce/ppcusd

Some of these alts are truly fucked!!!! I really cannot see them returning to their November 2013 highs.. .for example PPC was trading in the mid-$7.00s... .. Sure it is possible that they will again achieve such high pump, but they really seem to be downward trending the whole lot of them.. I am NOT denying some pumping and dumping opportunities b/c surely those pumping and dumping opportunities will continue to persist... for those who may time it right or have some good insider information (which may just mean studying particular coins for particular pump and dump opportunties)

ChartBuddy

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grappa_barricata

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playing pasta and eating mandolinos

Quote from: N12 on September 19, 2014, 03:44:08 PM

Quote from: esse83 on September 19, 2014, 03:41:50 PM

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

I've also noticed that before a margin call sometimes an opposing order with the exact amount come out, by magic.
This happened to me, when there is not enough liquidity available near the margin call price (perhaps).

bizz

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Activity: 492

Merit: 500

So.. stocks & forex closed for a weekend. Get ready for gambl.. I mean traders to shoot their ammo on this volatile thing. I placed my short term bets on BTC & LTC going down some moar. And PPC up as a hedge. Lets see.

empowering

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