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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26044. (Read 26610315 times)

hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

Are there such "lifeguards" in the common stock exchanges?  I would guess that their "terms of service" say that they will not be responsible for client screw-ups, not even to the extent of refunding their fees or blocking them.  If they did help some clients, it would be hard for them to draw the line ("sorry, but your mistake does not qualify for refund because it was not stupid enough").

The actual stock exchange wouldn't care at all, but the user's broker would most likely notice the odd behavior and call up their client to see what's up.
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

Are there such "lifeguards" in the common stock exchanges?  I would guess that their "terms of service" say that they will not be responsible for client screw-ups, not even to the extent of refunding their fees or blocking them.  If they did help some clients, it would be hard for them to draw the line ("sorry, but your mistake does not qualify for refund because it was not stupid enough").

they do halt account trading for many failed login attempts, they do ban accounts for above frequent API calls, they do ban IPs sometimes for stupid reasons, so why wouldn't they ban an API key for unusual activity ?
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
Phew... going down a bit further. Yeah, I guess we're done for the time being. Let's just throw away our hope and just wait for final capitulation. The bear party has just gone to eleven... :/
member
Activity: 112
Merit: 10
This fucking market is killing me mane... Undecided



should have listened to me to sell at $620 or $5xx
legendary
Activity: 1470
Merit: 1007
what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

if someone failed with his own trading bot why should the exchange bother to bail him out?

bailing out a customer and preventing a customers from losing due unexpected/malicious activity on his account is not the same, now everything else depends on your morals.

Problem is, doing so presents a huge liability to the exchange. "Hey, why did you cut my API access, this bot's behavior was by design."

There are many things wrong with existing exchanges, but not turning off some trader's bot is not one of them, imo.
legendary
Activity: 2338
Merit: 1035
This fucking market is killing me mane... Undecided

sr. member
Activity: 546
Merit: 250
Hidden bid wall at $474 on Bitfinex and hidden ask wall at $475. Quickly everybody go under cover  Smiley

Edit: Both gone.
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

if someone failed with his own trading bot why should the exchange bother to bail him out?

bailing out a customer and preventing a customers from losing due unexpected/malicious activity on his account is not the same, now everything else depends on your morals.
hero member
Activity: 910
Merit: 1003
what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

Are there such "lifeguards" in the common stock exchanges?  I would guess that their "terms of service" say that they will not be responsible for client screw-ups, not even to the extent of refunding their fees or blocking them.  If they did help some clients, it would be hard for them to draw the line ("sorry, but your mistake does not qualify for refund because it was not stupid enough").
full member
Activity: 139
Merit: 100
bitcoin hates walls
full member
Activity: 306
Merit: 100
what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

if someone failed with his own trading bot why should the exchange bother to bail him out?

Bot-users losing money is great! Feeling sorry for them? Hah!
legendary
Activity: 1232
Merit: 1011
what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

if someone failed with his own trading bot why should the exchange bother to bail him out?
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Told you about the weekend dump. Its weekend plus end of month.

Sometimes the market is as predictable as a machine.

But we'll be back to the 500's at the start of the week, so no panic sell for those who still hold

good call
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Told you about the weekend dump. Its weekend plus end of month.

Sometimes the market is as predictable as a machine.

But we'll be back to the 500's at the start of the week, so no panic sell for those who still hold

500's? I want to know when we're going to be back in the $1,000's. Some people can't sell because at $500 their loss is too great.
sr. member
Activity: 378
Merit: 254
..Perhaps with the right major crisis the nations will accept the GNU World Order...
Cheesy
legendary
Activity: 1862
Merit: 1009
Told you about the weekend dump. Its weekend plus end of month.

Sometimes the market is as predictable as a machine.

But we'll be back to the 500's at the start of the week, so no panic sell for those who still hold
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
So let's call out everyone that said they were buying if we dipped to $480.  Cheesy

Why buy now, according to fallling we can have free coins sooner rather than later.

You do realize that falling has been the one voice of reason among a bunch of permabulls here who in concert scream "buy more and hold because loosing money is great and the price will surely go back up"?

Perhaps with the right major crisis the nations will accept the GNU World Order but I don't see that as likely.

Now consider this:

* LTC is traded at $4.855
* The total supply of LTC will be 4 times that of BTC. Thus, the price LTC should be 1/4th of the fair price of a BTC
* 4.855*4 = $19.42

 Huh



your logic is flawed, your logic is flawed even if Litecoin should be valued like Bitcoin.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
Warren Buffet: http://www.youtube.com/watch?feature=player_embedded&v=idr6c8NHuWs
http://jlcollinsnh.com/2012/04/25/stocks-part-iii-most-people-lose-money-in-the-market/

“The Dow started the last century at 66 and ended at 11,400. How could you lose money during a period like that? A lot of people did because they tried to dance in and out.”

Just sell now kids Smiley

Ha, yeah a lot of people will tell you that we already passed Bitcoin's 11,400 and we're now on our way down again! You really only know how something has played out, after it, well, has played itself out!
legendary
Activity: 2380
Merit: 1823
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