Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27871. (Read 26707824 times)
May 03, 2014, 07:17:32 PM
If EC is broken before we get around to doing a difficult planned and controlled upgrade to a different algorithm, then everyone's wealth will be permanently lost and redistributed. Bitcoin could re-emerge with new code but it will be a reset with different players. It will be a race to buy back in to the new bitcoin. Your investing decisions today would be irrelevant.
May 03, 2014, 07:17:10 PM
While you guys are arguing on here, there is some very important discussions going on at our sister site: The BTC-e trollbox 
Okay, and given the 4% gay rate, does this imply Bitcoin goes up, down or sideways?
May 03, 2014, 07:15:14 PM
I don't know which will happen. All I know is that the next 1-2 years is not going to be productive for traders.
I'm bull trapped at $600 (ALL IN, what I can afford to lose). I'll not sell lower and I will buy more only under $100/BTC. ... so I'll not trade range 101-599.
Your description of your position does NOT make too much financial sense (unless you are leaving out some details) b/c the price is NOT likely to go below $300. If your cost per BTC is $600, then you would likely be considerably advantaged to buy more when the prices are lower, buying more anywhere between $300 and $450 will significantly bring down your average price per BTC.
Currently my average price per BTC is about $600 too; however, I am disinclined at this time in my thinking to buy anymore BTC between $450 and $600 b/c I have already bought several times in this price range.. so I am getting a little tired of buying in this price range, and I would rather get more bang for my buck. ON the other hand, if I can rest assured that BTC prices are gong to go up, I will buy some moar in this price range.
I just hate to buy now, and then run out of fiat in the event that prices were to go down into the $300s.
May 03, 2014, 07:13:53 PM
I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.
Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).
in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...
this is why all the volatility.
I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain i'll be dead taking at lest 1BTC with me to the grave because afterlife!
It would be nice with a breather after these past months
BTW it was derpinheimer who mentioned similar behavior in USD markets... It was back on page 5645 May 03, 2014, 07:11:45 PM
I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.
Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).
in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...
this is why all the volatility.
I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain
The things you state under unless are almost guaranteed to happen.
May 03, 2014, 07:10:50 PM
my trezor said it would fix that....if I werent still waiting for it 
May 03, 2014, 07:10:03 PM
I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.
Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).
in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...
this is why all the volatility.
I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain
say the protocol is broken tomrrow
you think they wont patch it move on, and bitcoin will climb back like the phoenix??
ya i'm a buyer "when the protocol breaks" !!
Let's say that one day EC is broken. Hackers have already been moving coins around and now everyone's private keys are suddenly public knowledge. Everyone's coins now belong to everyone else and there is no way to distinguish between owners. How could you possibly fix this with a patch? You'd have to release a new blockchain with the same balances and everyone having a new private key. Even if you could pull that off, how would you know who the owners were and how to contact them with their new private keys?
rolback, patch and go! wtv it takes man this is bitcoin!!
better than just turning a blind eye to counterfeiting money because its only some small % of world PPG
May 03, 2014, 07:09:00 PM
I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.
Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).
in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...
this is why all the volatility.
I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain
say the protocol is broken tomrrow
you think they wont patch it move on, and bitcoin will climb back like the phoenix??
ya i'm a buyer "when the protocol breaks" !!
Let's say that one day EC is suddenly revealed to be broken. Hackers have already been moving coins around and now everyone's private keys are suddenly public knowledge. Everyone's coins now belong to everyone else and there is no way to distinguish between owners. How could you possibly fix this with a patch? You'd have to release a new blockchain with the same balances and everyone having a new private key. Even if you could pull that off, how would you know who the owners were and how to contact them with their new private keys?
May 03, 2014, 07:08:31 PM
Quite amazing how Tera nows exactly what will happen in the next 2 years.
...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon
I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles). There are no women on the Internet, let alone in bitcoin.
May 03, 2014, 07:06:40 PM
Quite amazing how Tera nows exactly what will happen in the next 2 years.
...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon
I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles). You made a prediction along these lines:
Quote
The movements will be slow and there will be a low volume and volatility most of the time
This:
Quote
I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles)
...was just me speculating about how you reached your conclusion that there would be low volume and volatility. May 03, 2014, 07:05:05 PM
I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.
Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).
in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...
this is why all the volatility.
I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain
say the protocol is broken tomrrow
you think they wont patch it, move on, bitcoin climbs back like the phoenix to new heights and beyond
ya i'm a buyer "when the protocol breaks" !!
my transactions from 2011- 2150 will be forever recorded on the blockhchain
...
the BITCOIN blockchain
think about it...
May 03, 2014, 07:03:20 PM
Quite amazing how Tera nows exactly what will happen in the next 2 years.
...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon
I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles). I see something similar, coin distribution is what is happening and this process is hindered by coagulation, there are players in the space who will become distortedly wealthy if the market cap increase, hence they have too big a stake, we will need to see this experiment look like it's going to fail before those hoarders help distribute coins so distribution ends up resembling a normal distribution curve. I'm not predicting anything just think there is a roughly 30% chance something like this happens.
It's the true believes who survive.
May 03, 2014, 07:02:49 PM
While you guys are arguing on here, there is some very important discussions going on at our sister site: The BTC-e trollbox
May 03, 2014, 07:01:21 PM
I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.
Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).
in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...
this is why all the volatility.
I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain
May 03, 2014, 07:00:48 PM
May 03, 2014, 06:59:43 PM
BTW it is still 08:00 am Sunday in China, the exchanegs should be as busy as a parka shop in Tahiti.
May 03, 2014, 06:59:00 PM
I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.
Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).
in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...
this is why all the volatility.
I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain i'll be dead taking at lest 1BTC with me to the grave because afterlife!
May 03, 2014, 06:54:02 PM
Quite amazing how Tera nows exactly what will happen in the next 2 years.
...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon
I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles). May 03, 2014, 06:53:36 PM
Houbi is so crazy right now. Sellers are desperate to keep the price down.
I see a few buyers raising some large bids well above everyone else's (at 2730 rather than 2660) and a few large sellers popping up at that price. But it is hard to tell for sure. At onepoint there was a sell order of 200 BTC at 2740, and a buy order of 120 BTC at 1739.99 (or the otehr way around maybe) and they just stood there for a while, nose to nose.
May 03, 2014, 06:53:13 PM
Quite amazing how Tera nows exactly what will happen in the next 2 years.
...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon
I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles). I don't care what she based it on. It's simply beyond stupid. Anything can happen tomorrow, let alone a year from now. Statements like that just shows how completely clueless she is.
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