Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26447.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: abercrombie on August 17, 2014, 09:20:29 AM

Quote from: vuduchyld on August 17, 2014, 08:38:44 AM

Oh by the way, I got the Coinbase brush off this morning...the message about exceeding limits. But I just now bought 0.2 BTC with no problem. Not sure if it means they resolved the issue or if the buy was just so small.

I think the Coinbase issue was causing no buy support at Bitstamp. I tried to login several times at 510 then 500 but got that exceeded limits error (blessing in disguise).

Then, once it hit the 490's it started working again and I was finally able to purchase. Grin

Wonder if this is some form of manipulation.

NO manipulation... Coinbase just run out of coins.... Their business model allows them to make more by selling at $500 and $510... b/c of fees of 1%.

thefunkybits

legendary

Activity: 1218

Merit: 1000

Quote from: stereotype on August 17, 2014, 11:49:52 AM

Its like LTC is a leading indicator, these days. Undecided

Yup, because its less liquid it will often show the cracks of a bear market before BTC does imo

For example, in the drop from $580-600 to here LTC started heavily dumping 24 hours before BTC even budged

I've been noticing this pattern for about a year now...

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: justusranvier on August 17, 2014, 12:58:01 PM

Quote from: justusranvier on August 17, 2014, 12:23:49 PM

(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

Fixed the link so that even the lazy people can click on it.

maybe you are right considering the long term scenario, but Alts make a kick ass trades if used properly....

5cMXezpBtm

full member

Activity: 233

Merit: 100

Quote from: justusranvier on August 17, 2014, 12:23:49 PM

(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

Thanks for the link. I can add that simply most of the names of altcoins are so stupid, that their unsuccess is inherited (e.g. the Freicoin that is being mentioned in the link as a reltively interesting one)

edwardspitz

sr. member

Activity: 546

Merit: 250

Dump3er I have been following your dumping class vigorously. But I missed the opportunity to dump at $500, because I was out of coins. According to my numerologist 500 is a really important number for me so I'm sad I missed the opportunity. I know you told us to never use the green button. But are there any exceptions to this rule, and do you agree that using it could increase the likelihood of price going past $500... and thus give me a second chance for dumping at $500?

Image: https://i.imgur.com/V47x9uT.png

twiifm

hero member

Activity: 784

Merit: 500

Quote from: roslinpl on August 17, 2014, 01:02:15 PM

Quote from: molecular on August 17, 2014, 12:57:48 PM

Quote from: roslinpl on August 17, 2014, 12:24:01 PM

Quote from: abercrombie on August 17, 2014, 12:11:41 PM

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.

That should decrease margin calls and may even spark a rally.

That's pretty awesome news.

if that will spark a rally we all gonna be very surprised and happy :-)

But even without a rally this is a good change.

Why does this sound like a banker or politician wanting to stimulate an economy?

I dunno. I am not a politician I am not a banker.

Do you think that allowable margin at 3.33 is bad for us?

Its not a big margin compared to other markets like forex

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: molecular on August 17, 2014, 12:57:48 PM

Quote from: roslinpl on August 17, 2014, 12:24:01 PM

Quote from: abercrombie on August 17, 2014, 12:11:41 PM

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.

That should decrease margin calls and may even spark a rally.

That's pretty awesome news.

if that will spark a rally we all gonna be very surprised and happy :-)

But even without a rally this is a good change.

Why does this sound like a banker or politician wanting to stimulate an economy?

I dunno. I am not a politician I am not a banker.

Do you think that allowable margin at 3.33 is bad for us?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: justusranvier on August 17, 2014, 12:23:49 PM

(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

Fixed the link so that even the lazy people can click on it.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: roslinpl on August 17, 2014, 12:24:01 PM

Quote from: abercrombie on August 17, 2014, 12:11:41 PM

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.

That should decrease margin calls and may even spark a rally.

That's pretty awesome news.

if that will spark a rally we all gonna be very surprised and happy :-)

But even without a rally this is a good change.

Why does this sound like a banker or politician wanting to stimulate an economy?

lay785

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

Bifinex has now more then 6000 btc in shorts. Question now is: were those btc actually already shorted or people are still waiting for the right time to do it? Can someone explain how is with short positions on bitfinex? I only do with longs usually? Thanks

Those "shortes" could get fucked up if few big buys happens.

they are going to manipulate the market so they profit off their shorts.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: wachtwoord on August 17, 2014, 12:44:38 PM

Quote from: justusranvier on August 17, 2014, 12:41:01 PM

Quote from: wachtwoord on August 17, 2014, 12:35:52 PM

Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?

If you're not going to read my posts well enough to correctly characterize what I've already said, nor to examine the references I already provided, then I'm going to assume that anything else I say will be just as much of a waste of my time as what I already said so I'll cut my losses with this post.

Okay, but if you are unable to summarize the core of your reasoning in one or two sentences I'm going to assume that either your opinion is flawed or your understanding of that opinion.

He is trying to tell you that you didnt understand what he said, look "Bitcoin either expands until it becomes the money, or else it goes to zero(1)."

read the above twice or even 3 times, and comeback to laugh at your self, you did the same thing with me before Wink

5cMXezpBtm

full member

Activity: 233

Merit: 100

490

wachtwoord

legendary

Activity: 2338

Merit: 1136

Quote from: justusranvier on August 17, 2014, 12:41:01 PM

Quote from: wachtwoord on August 17, 2014, 12:35:52 PM

Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?

If you're not going to read my posts well enough to correctly characterize what I've already said, nor to examine the references I already provided, then I'm going to assume that anything else I say will be just as much of a waste of my time as what I already said so I'll cut my losses with this post.

Okay, but if you are unable to summarize the core of your reasoning in one or two sentences I'm going to assume that either your opinion is flawed or your understanding of that opinion.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: wachtwoord on August 17, 2014, 12:35:52 PM

Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?

If you're not going to read my posts well enough to correctly characterize what I've already said, nor to examine the references I already provided, then I'm going to assume that anything else I say will be just as much of a waste of my time as what I already said so I'll cut my losses with this post.

wachtwoord

legendary

Activity: 2338

Merit: 1136

Quote from: justusranvier on August 17, 2014, 12:32:12 PM

Quote from: wachtwoord on August 17, 2014, 12:25:58 PM

There's quite a big chance the truth will be between your 2 projected outcomes rather than one of them.

Just saying that doesn't make it true.

If you've identified some error in the praxeology, then write it your argument and publish it. SNI would even accept it on their site if it's any good.

Until you've shown your work, your statement falls into the category of "random shit some guy on the internet said" and can be trivially dismissed.

The same goes for your statement Wink

Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: justusranvier on August 17, 2014, 12:23:49 PM

Quote from: oda.krell on August 17, 2014, 12:05:36 PM

Only in a very very far away future (and maybe not even then), if and when crypto/BTC accounts for the entire global money supply. Let's not count on that, mkay?

Um, no.

Bitcoin either expands until it becomes the money, or else it goes to zero(1).

Anyone who is not interested in, and working toward, the former doesn't belong in Bitcoin.

This isn't a game.

(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

I'm afraid you'll have to deal with me being both in Bitcoin and not working towards that, then.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: wachtwoord on August 17, 2014, 12:25:58 PM

There's quite a big chance the truth will be between your 2 projected outcomes rather than one of them.

Just saying that doesn't make it true.

If you've identified some error in the praxeology, then write it your argument and publish it. SNI would even accept it on their site if it's any good.

Until you've shown your work, your statement falls into the category of "random shit some guy on the internet said" and can be trivially dismissed.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Quote from: wachtwoord on August 17, 2014, 12:18:45 PM

Quote from: Wandererfromthenorth on August 17, 2014, 12:14:47 PM

Quote from: abercrombie on August 17, 2014, 12:11:41 PM

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.

That should decrease margin calls and may even spark a rally.

How do you do that? I only have 2.5:1 available ... Huh

You wait for Monday Wink

hahaha ok sorry i thought that it had been done last monday Grin

Thanks for the answer Grin

wachtwoord

legendary

Activity: 2338

Merit: 1136

Quote from: justusranvier on August 17, 2014, 12:23:49 PM

Quote from: oda.krell on August 17, 2014, 12:05:36 PM

Only in a very very far away future (and maybe not even then), if and when crypto/BTC accounts for the entire global money supply. Let's not count on that, mkay?

Um, no.

Bitcoin either expands until it becomes the money, or else it goes to zero(1).

Anyone who is not interested in, and working toward, the former doesn't belong in Bitcoin.

This isn't a game.

(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

The truth is rarely this black and white. There's quite a big chance the truth will be between your 2 projected outcomes rather than one of them.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26447. (Read 26732128 times)