Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27128.

CoinHamster

member

Activity: 101

Merit: 10

฿ ฿ ฿ ฿ ฿

Quote from: JorgeStolfi on June 19, 2014, 10:58:42 AM

Quote from: CoinHamster on June 19, 2014, 10:08:42 AM

a lot of late evening action at huobi...
seems that they try to cash out before the chinese will go to sleep???
looks like bitstamp is not affected

It is not consistent, but I believe so. I believe that many Chinese traders tend to change their mood between 21 pm and 02 am local time, which is 15:00 to 18:00 UTC. Probably moving to a "safer" position, which depends on what they think may happen while they sleep. That would be more CNY if they fear a drop, more BTC if they smell a rise.

Indeed Bitstamp has been quite insensitive to the ups and down in China. Perhaps these have been too small to activate arbitrage, or arbitrage has broken down for some reason?

this action triggered all SAR up to 4h at huobi
miners should be more careful and cash out using a larger time frame

bangersdad

full member

Activity: 227

Merit: 100

Quote from: Mervyn_Pumpkinhead on June 19, 2014, 10:59:08 AM

Most of the people here just aren't very good with investments. I'm sure that they're good at something else.

you do like making some sweeping assumptions dont you? is your head the size of an actual pumpkin? explains a lot..you have obviously been bullied alot as a child.

Raystonn

sr. member

Activity: 364

Merit: 250

Regarding the poll, define "current". Current at what time/date?

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: aminorex on June 19, 2014, 11:02:35 AM

Quote from: wachtwoord on June 19, 2014, 11:00:07 AM

bidders cannot see each others bids and cannot bid twice. The FBI is retarded.

hey, FBI agent children need to go to Princeton too. Open bidding would remove the vig.

Since when doesn't America like free markets? Oh wait, since quite a while but the rest of the world hasn't caught on on this yet (everyone still gives USA as the example of unregulated markets. Sure .....)

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: wachtwoord on June 19, 2014, 11:00:07 AM

bidders cannot see each others bids and cannot bid twice. The FBI is retarded.

hey, FBI agent children need to go to Princeton too. Open bidding would remove the vig.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: choose-username on June 19, 2014, 10:23:52 AM

I don't understand the thinking that there is rivarly between alts and bitcoin. Why does there have to be?

Money is a natural monopoly within a given market. Barriers to liquidity define the boundaries of a market.

I hold that there is a single market for transparent global instant liquidity, and it is dominated by bitcoin. The best predictor of the winner of the contest for monopoly, ceteris paribus, is the current leading provider of liquidity, in this case, Bitcoin.

I hold that there is a single market for dark global instant liquidity, and it is dominated by darkcoin. Darkcoin is fatally flawed, and doomed. The leading candidate which does not suffer from these critical flaws is Monero.

I hold that 2.0 functions are not properly implemented by a currency. There are other, better, more honest ways to fund a blockchain. The winners in this space will not be currencies traded on exchange, because that aspect detracts from their function, and makes it less efficient. The winners in the race for marginal value will be 2.0 apps which integrate with the liquidity functions of bitcoin and/or monero.

So far I haven't seen anything which changes this picture.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: adamstgBit on June 19, 2014, 10:57:56 AM

Quote from: wachtwoord on June 19, 2014, 10:53:43 AM

Quote from: dewdeded on June 19, 2014, 10:44:37 AM

People voting <60% & >140% suck pretty hard.

Yeah, I voted 120% but 110% is just as likely.

so is 90 or 80 who knows

90 is possible, but far less likely.

What makes a <100% offer more likely then when I voted is that I learned that bidders cannot see each others bids and cannot bid twice. The FBI is retarded.

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

Quote from: inca on June 19, 2014, 10:48:43 AM

Pumpkin head I do wonder why you bother trolling a bitcoin forum about altcoins.

You come across as a very negative elitist fool with that comment about taxi drivers and clerks. Hilarious really that you can be so wide of the mark whilst trying to sound superior. Or have I missed the numerous giant silicon valley firms integrating altcoins as payment in the last six months?

The demographics of bitcoin, explain the situation that bitcoin is in. It's just as elitist, as to point out, that maybe an adult basketball team isn't very good because the average length of it's players is 160cm. I don't feel superior to anyone, I haven't met many people who aren't better then me in something. Most of the people here just aren't very good with investments. I'm sure that they're good at something else.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: CoinHamster on June 19, 2014, 10:08:42 AM

a lot of late evening action at huobi...
seems that they try to cash out before the chinese will go to sleep???
looks like bitstamp is not affected

It is not consistent, but I believe so. I believe that many Chinese traders tend to change their mood between 21 pm and 02 am local time, which is 15:00 to 18:00 UTC. Probably moving to a "safer" position, which depends on what they think may happen while they sleep. That would be more CNY if they fear a drop, more BTC if they smell a rise.

Indeed Bitstamp has been quite insensitive to the ups and down in China. Perhaps these have been too small to activate arbitrage, or arbitrage has broken down for some reason?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: wachtwoord on June 19, 2014, 10:53:43 AM

Quote from: dewdeded on June 19, 2014, 10:44:37 AM

People voting <60% & >140% suck pretty hard.

Yeah, I voted 120% but 110% is just as likely.

so is 90 or 80 who knows

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: maok on June 19, 2014, 10:08:57 AM

Wow, Im pretty sure that anywhere in the world you go and ask a cab driver what bitcoin is, they never heard of it.

I ask about 2 cab drivers a week in New York, and have done since 2013. I have met exactly one who admitted they had heard of bitcoin. This is extremely bullish in the long-term, and very disappointing in the short term. These people should be primary users of bitcoin. Almost all of them are recent immigrants who support families in Asia or Africa via remittances.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: dewdeded on June 19, 2014, 10:44:37 AM

People voting <60% & >140% suck pretty hard.

Yeah, I voted 120% but 110% is just as likely.

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

Quote from: bangersdad on June 19, 2014, 10:41:51 AM

ok....i just got a taxi to my 7-11 store and can confirm that neither the driver or the store assistant had any idea what a bitcoin is..

Maybe this applies:
The majority of the cab drivers aren't bitcoin followers, but the majority of the bitcoin followers are cab drivers?
"a cab driver" was a metaphor here for people who have no education or experience in the field.

inca

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Activity: 1176

Merit: 1000

Quote from: Mervyn_Pumpkinhead on June 19, 2014, 10:39:37 AM

Quote from: maok on June 19, 2014, 10:08:57 AM

Quote from: Mervyn_Pumpkinhead on June 19, 2014, 09:57:47 AM

Now it's the last desperate hope for all the cab drivers and grocery clerks... Bitcoin is not about organic development of technology, not any more.

Wow, Im pretty sure that anywhere in the world you go and ask a cab driver what bitcoin is, they never heard of it.

As for development of technology, bitcoin is barely scratching the surface, there are more developers working on bitcoin related software, hardware, than there are in most technological fields at the moment. Imagine 1-2 years from now, when all those MIT and other universities students graduate what will they come up with. Altcoins brought nothing new to the table, Bitcoin was about decentralization of money and is the main cord that keeps all the altcoins alive. If I'll lose faith in Bitcoin I'll lose faith in decentralized money meaning in all crypto currencies.

About 4 months ago, a cab driver told me about bitcoin and how it will tear down banks.
Bitcoin is currently also hot in certain circles, where people meet each other by visiting the same motivational self-help classes.

Quote

there are more developers working on bitcoin related software, hardware, than there are in most technological fields

Exaggeration like that always crack me up. You are not even just talking about the open source scenery, but about most technological fields! Haha..
Bitcoin's development is slow and one of the reasons for it is that it's core is flawed. If you can't fix the core flaws, then there isn't much road ahead.
Altcoins are the improvements of bitcoin, the new and better models that face the flaws that bitcoin has shown through experience. Fools like to see bitcoin as flawless, just like religious zealots find The Bible flawless. Just like religious zealots, they can't see that when the core is rotten, then no matter how much you try to decorate the exterior, the core still remains rotten.

Pumpkin head I do wonder why you bother trolling a bitcoin forum about altcoins.

You come across as a very negative elitist fool with that comment about taxi drivers and clerks. Hilarious really that you can be so wide of the mark whilst trying to sound superior. Or have I missed the numerous giant silicon valley firms integrating altcoins as payment in the last six months?

Mervyn_Pumpkinhead

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Activity: 876

Merit: 1000

Quote from: Miz4r on June 19, 2014, 10:39:13 AM

Quote from: Mervyn_Pumpkinhead on June 19, 2014, 10:19:48 AM

Quote from: adamstgBit on June 19, 2014, 10:05:11 AM

the tech behind every coin is the same, it is Bitcoin tech. the minor "improvements" alts claim to have are not important what is important is the usability of the coin.

sure buy some alts and go have fun playing in their community, for serious business use bitcoin.

At first, every altcoin isn't based on bitcoin's source. Improvements in security or attempts to build a stabilizing mechanism for the unit price, are the things that increase the usability of the coin.

Yes, I'm having fun with altcoins.
Hmm, and serious business. A couple of rowers who are famous for getting fooled, and a guy that tried to advertise bitcoin by promising how it will go into another bubble.
I mean, when listening to The Twins, then at first, I questioned on how the hell did these guys finish Harvard, but then I remembered, that they were pretty good rowers. And you don't ever never advertise an investment as an potential bubble. Bubbles are unstable and fragile investments that you should stay clear of. Only inexperienced fools play these games, because they prefer to count on luck, not skill. This is the true seriousness of bitcoin and business.

You're a joke, dissing Bitcoin for being bubblelicious and then going balls deep into alts lol. Yeah I'm sure you are so much more knowledgeable and skilled than those Bittards when you went all in on PPC or some other scamcoin. Not only are you a useless leech, but also a hypocrit.

I have to agree with you that I am a leech for buying any type of crypto. The time of leeches will last until the crypto scenery has developed into maturity. I'll do my share of leeching till it lasts. I have no moral high ground here, and the only difference is that I see that the game won't be won by leeches. That is why I have a different vision of the future, and different investment strategies.

dewdeded

legendary

Activity: 1232

Merit: 1011

Monero Evangelist

People voting <60% & >140% suck pretty hard.

bangersdad

full member

Activity: 227

Merit: 100

Quote from: Mervyn_Pumpkinhead on June 19, 2014, 09:57:47 AM

Quote from: anujjain on June 19, 2014, 09:27:12 AM

Quote from: tarmi on June 19, 2014, 09:21:57 AM

ltc pumpers on btc-e trying to push btc down, but it's a no go.

man, ltc will crash hard sooner or later.

Every altcoins will crash one day, only BTC will survive, mostly altcoins just copied.

Most of the present bitcoin community goes by the same mentality. They dream of technological stagnation, so they could get rich without doing any work. They wish that the technology wouldn't evolve past bitcoin. The only thing they wish is to change places with the leeches, who currently earn by interest. They wish to become the leeches themselves, who would earn by deflation.

Bitcoin used to be innovative and fun. Now it's the last desperate hope for all the cab drivers and grocery clerks. The last sad hope that maybe they will still become rich without any education or practical intelligence.
The interesting things are currently happening in the world of altcoins. Bitcoin is not about organic development of technology, not any more. Now, bitcoin is about attempts to abuse technology to feed the leeches.

Luckly, I'm pretty sure that the leeches won't win. If look at history, then we will see that technology will evolve and will overcome this blind religion that thrives on stagnation.

ok....i just got a taxi to my 7-11 store and can confirm that neither the driver or the store assistant had any idea what a bitcoin is..

Mervyn_Pumpkinhead

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Activity: 876

Merit: 1000

Quote from: maok on June 19, 2014, 10:08:57 AM

Quote from: Mervyn_Pumpkinhead on June 19, 2014, 09:57:47 AM

Now it's the last desperate hope for all the cab drivers and grocery clerks... Bitcoin is not about organic development of technology, not any more.

Wow, Im pretty sure that anywhere in the world you go and ask a cab driver what bitcoin is, they never heard of it.

As for development of technology, bitcoin is barely scratching the surface, there are more developers working on bitcoin related software, hardware, than there are in most technological fields at the moment. Imagine 1-2 years from now, when all those MIT and other universities students graduate what will they come up with. Altcoins brought nothing new to the table, Bitcoin was about decentralization of money and is the main cord that keeps all the altcoins alive. If I'll lose faith in Bitcoin I'll lose faith in decentralized money meaning in all crypto currencies.

About 4 months ago, a cab driver told me about bitcoin and how it will tear down banks.
Bitcoin is currently also hot in certain circles, where people meet each other by visiting the same motivational self-help classes.

Quote

there are more developers working on bitcoin related software, hardware, than there are in most technological fields

Exaggeration like that always crack me up. You are not even just talking about the open source scenery, but about most technological fields! Haha..
Bitcoin's development is slow and one of the reasons for it is that it's core is flawed. If you can't fix the core flaws, then there isn't much road ahead.
Altcoins are the improvements of bitcoin, the new and better models that face the flaws that bitcoin has shown through experience. Fools like to see bitcoin as flawless, just like religious zealots find The Bible flawless. Just like religious zealots, they can't see that when the core is rotten, then no matter how much you try to decorate the exterior, the core still remains rotten.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: Mervyn_Pumpkinhead on June 19, 2014, 10:19:48 AM

Quote from: adamstgBit on June 19, 2014, 10:05:11 AM

the tech behind every coin is the same, it is Bitcoin tech. the minor "improvements" alts claim to have are not important what is important is the usability of the coin.

sure buy some alts and go have fun playing in their community, for serious business use bitcoin.

At first, every altcoin isn't based on bitcoin's source. Improvements in security or attempts to build a stabilizing mechanism for the unit price, are the things that increase the usability of the coin.

Yes, I'm having fun with altcoins.
Hmm, and serious business. A couple of rowers who are famous for getting fooled, and a guy that tried to advertise bitcoin by promising how it will go into another bubble.
I mean, when listening to The Twins, then at first, I questioned on how the hell did these guys finish Harvard, but then I remembered, that they were pretty good rowers. And you don't ever never advertise an investment as an potential bubble. Bubbles are unstable and fragile investments that you should stay clear of. Only inexperienced fools play these games, because they prefer to count on luck, not skill. This is the true seriousness of bitcoin and business.

You're a joke, dissing Bitcoin for being bubblelicious and then going balls deep into alts lol. Yeah I'm sure you are so much more knowledgeable and skilled than those Bittards when you went all in on PPC or some other scamcoin. Not only are you a useless leech, but also a hypocrit.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27128. (Read 26711388 times)