Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27197.

fonzie

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Quote from: Gimmelfarb on June 13, 2014, 03:03:42 PM

Quote from: fonzie on June 13, 2014, 03:02:23 PM

Quote from: JorgeStolfi on June 13, 2014, 02:53:47 PM

Quote from: fonzie on June 13, 2014, 02:41:18 PM

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!! Kiss

Interstingly this caused only a small buzz on Huobi, which is otherwise dormant (03:50 am there). The price did not change across that blip. An arbitrage robot, I presume.

[Fact]It could be chinese coins that are getting sold on Stamp. Chinese market is probably 90% fake trades and fake bid depth/phantom orders, and the only reason it still exists is to prevent the western ones from crashing and holding the price high as long as it takes for the chinese to cash out. [/Fact]

why would Chinese coins be sold on Stamp, rather than on Chinese exchanges, or Bitfinex? it does seem like the selling is concentrated at stamp -- Huobi and Bitfinex are staying well above it.

I have no idea about Finex . I will ask them Chinese later Cheesy

. Bid depth on Huobi is probably not real, so there´s no way to cash out there. Nearly all bank deposit and withdraw possibilities have been banned weeks ago.
If he would cash out on Finex, he would have to risk triggerin (26 million $) stop loss orders one after another which would lead to lower prices very quick, so i guess Stamp would be the safest way.

JayJuanGee

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

Quote from: bobo418 on June 13, 2014, 12:54:34 PM

For such a senior member here Adam you don't seem to understand trustless, distributed consensus very well. More of a cheerleader it seems.

YEAH Adam.. you are a cheerleader!!!!! Huh

GO Adam!!!!!!!!!!!! GO Adam!!!!!!!

adamstgBit

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Trusted Bitcoiner

we are getting Stamped!

Gimmelfarb

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Quote from: fonzie on June 13, 2014, 03:02:23 PM

Quote from: JorgeStolfi on June 13, 2014, 02:53:47 PM

Quote from: fonzie on June 13, 2014, 02:41:18 PM

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!! Kiss

Interstingly this caused only a small buzz on Huobi, which is otherwise dormant (03:50 am there). The price did not change across that blip. An arbitrage robot, I presume.

[Fact]It could be chinese coins that are getting sold on Stamp. Chinese market is probably 90% fake trades and fake bid depth/phantom orders, and the only reason it still exists is to prevent the western ones from crashing and holding the price high as long as it takes for the chinese to cash out. [/Fact]

why would Chinese coins be sold on Stamp, rather than on Chinese exchanges, or Bitfinex? it does seem like the selling is concentrated at stamp -- Huobi and Bitfinex are staying well above it.

fonzie

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Quote from: JorgeStolfi on June 13, 2014, 02:53:47 PM

Quote from: fonzie on June 13, 2014, 02:41:18 PM

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!! Kiss

Interstingly this caused only a small buzz on Huobi, which is otherwise dormant (03:50 am there). The price did not change across that blip. An arbitrage robot, I presume.

[Fact]It could be chinese coins that are getting sold on Stamp. Chinese market is probably 90% fake trades and fake bid depth/phantom orders, and the only reason it still exists is to prevent the western ones from crashing and holding the price high as long as it takes for the chinese to cash out. [/Fact]

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

JayJuanGee

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

Quote from: N12 on June 13, 2014, 11:52:31 AM

Quote from: meanig on June 13, 2014, 11:50:27 AM

Quote from: N12 on June 13, 2014, 10:45:52 AM

Quote from: adamstgBit on June 13, 2014, 10:41:55 AM

Quote from: Parazyd on June 13, 2014, 10:37:05 AM

Quote from: Bitcoin_is_here_to_stay on June 13, 2014, 10:35:20 AM

Quote from: Parazyd on June 13, 2014, 10:34:09 AM

33k volume on Bitstamp. Orders filled fast

Yeah, any reason for price falling like a rock again? Huobi, too Huh

People probably saw this: http://www.reddit.com/r/Bitcoin/comments/281ftd/why_i_just_sold_50_of_my_bitcoins_ghashio/

And now the herd is following.

TL;DR dude sells coins because of some FUD he believed in.

Peter Todd is a Bitcoin core developer. FUD = Facts U Dislike.

Peter Todd is NOT a Bitcoin core developer.

https://bitcoin.org/en/development

Facts U Dislike

Indeed, sorry about that. Just a regular Bitcoin developer, only gmaxwell is core.

NOT that I like to repeat any kind of baloney and misleading slogan, such as "Facts U Dislike;" however, on the substance of the topic, Peter Todd does appear to have a fairly high number of contributions (31), so PT is NO small potato.

Nonetheless, it does seem a bit irritating that Peter Todd would be coming out publicly with some kind of seemingly disgruntled statements that have the potential of causing FUD within the generally accepted meaning of the term (FUD = Fear, Uncertainty and Doubt).

The irony of the situation is comparable to a moderator on this forum misusing the term FUD.. to cause FUD about the meaning of FUD. Cheesy

fonzie

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Quote from: JayJuanGee on June 13, 2014, 02:31:43 PM

Quote from: NamelessOne on June 13, 2014, 11:07:56 AM

Quote from: JimboToronto on June 13, 2014, 11:05:30 AM

Quote from: ChrisML on June 13, 2014, 10:41:02 AM

Quote from: akujin on June 13, 2014, 10:39:28 AM

troll bs

Hey cuntface!

Please don't insult women's genitalia by using them to refer to this loser.

+1

+2

Personal insults are NOT ok but in my experience a common way to express for delusional bulls who are realising that the market is about to crash! JayJuanGee, i´m NOT really pleased with your behavior.

bitcoinsrus

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Quote from: Krabby on June 13, 2014, 02:56:10 PM

Why is all the action happening at stamp?

I guess from the stamp rumors in the past few days (has been less than other exchanges)

Krabby

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https://primedao.eth.link/#/

Why is all the action happening at stamp?

JorgeStolfi

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Quote from: fonzie on June 13, 2014, 02:41:18 PM

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!! Kiss

Interstingly this caused only a small buzz on Huobi, which is otherwise dormant (03:50 am there). The price did not change across that blip. An arbitrage robot, I presume.

Gimmelfarb

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Quote from: N12 on June 13, 2014, 02:21:24 PM

Quote from: Bronstad on June 13, 2014, 02:19:54 PM

Quote from: fonzie on June 13, 2014, 02:08:53 PM

... pile of crap ...

Love that you added that ghash.io link to your signature...master troll stroke.

pretty good one, imo. well played, fonzie. Cheesy

imo, bitfinex traders are absolutely insane. with this decline, just as the last from $680-$610 area, long swaps are only increasing. still at ATH now, $26 million. i know not all need to be entered in a position, but that is an incredible amount of margin that is holding out for a pump now. could get squeezed.

JayJuanGee

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

Quote from: p0peji on June 13, 2014, 11:26:12 AM

Quote from: Miz4r on June 13, 2014, 11:14:44 AM

Quote from: N12 on June 13, 2014, 10:58:38 AM

gmaxwell (Gregory Maxwell) is also a core dev and has expressed his concerns about the situation on Reddit: http://www.reddit.com/r/Bitcoin/comments/27lotn/people_dont_realize_how_serious_a_50_attack_is/ci27dpy

He's saying that a pool with 30% is just as bad as a pool with 51%, so according to him the current situation is not any different than before as there have always been pools with around 30% of the network.

Wait, all this time they are concerned the whole bitcoin thing is broken, but they picked this date to all of a sudden spread their concerns? What a bunch of assholes imo, sell their coins and suddenly express their concerns. Huh

Yeah... WTF?

adamstgBit

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such action

fonzie

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500 BTC MARKET SELL!!!!!!!!!!!!!!!!!! Kiss

JayJuanGee

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Activity: 3948

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

Quote from: NamelessOne on June 13, 2014, 11:07:56 AM

Quote from: JimboToronto on June 13, 2014, 11:05:30 AM

Quote from: ChrisML on June 13, 2014, 10:41:02 AM

Quote from: akujin on June 13, 2014, 10:39:28 AM

troll bs

Hey cuntface!

Please don't insult women's genitalia by using them to refer to this loser.

+1

+2

JayJuanGee

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Activity: 3948

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

Quote from: dreamspark on June 13, 2014, 11:02:34 AM

Quote from: N12 on June 13, 2014, 10:58:38 AM

gmaxwell (Gregory Maxwell) is also a core dev and has expressed his concerns about the situation on Reddit: http://www.reddit.com/r/Bitcoin/comments/27lotn/people_dont_realize_how_serious_a_50_attack_is/ci27dpy

Yeah but gmaxwell just added his opinion, talking about selling coins and actual market decisions is a different story. Not that I don't think the whole situation is an issue it just reeks of market manipulation when someone in that position talks about selling 1000's of coins. Clearly its a free market and Im not saying it should be censored, just that somebody who's in such a privileged position should act with decorum and for the best of the community. As a respected developer his opinion should matter to the point where he doesn't have to talk about his actual market actions like he needs it to add weight to his point.

Peter did NOT talk about selling thousands of coins - instead, he talked about selling quantities in the five digits (without really specifying). Therefore he could have sold anywhere between $10k and $99.99K worth of BTC - in other words less than 200 BTC.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

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

Quote from: dnaleor on June 13, 2014, 10:52:33 AM

Quote from: hmmmstrange on June 12, 2014, 11:24:49 PM

Quote from: adamstgBit on June 12, 2014, 08:56:54 PM

Quote from: JayJuanGee on June 12, 2014, 08:50:35 PM

Quote from: adamstgBit on June 12, 2014, 05:35:51 PM

fuck i gata buy!

brb

How many coins you got, Adam? I would've thunk that you had thousands of coins, already. and you would have largely bought back in in the lower $400s, if NOT lower.

no... sadly i'm no where near being a bitlionaire

With a June 13, 2011 join date, I'd estimate Adam to have 500 to 1000 coins. But it's really none of our business.

I assume a lot of people here are satoshimillionaires. I'm a satoshibillionaire Grin

edit: adam is probably a trillionaire Wink

These terms may be lacking in some concreteness for people.

There are 100 million satoshis in a bitcoin.

Therefore, all one needs to be a satoshi millionaire is .01BTC.

But to be a satoshi billionaire you need to have 10BTC

To be a satoshi trillionaire, you need to have 10,000 BTC.

NOT too many people, even early adopters have maintained enough discipline to accumulate and/or to maintain more than 10k BTC. Based on Adam's prior statements, I would be really surprised if he had such quantity of BTC at his disposal.

N12

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