Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28097. (Read 26709769 times)
April 19, 2014, 12:00:17 AM
April 18, 2014, 11:47:47 PM
Finex acting like it is tired of going down. Houbi now consistently 5 points lower.
Who leads? Stamp, BTC-e, China, but never bfx.
April 18, 2014, 11:31:18 PM
Finex acting like it is tired of going down. Houbi now consistently 5 points lower.
April 18, 2014, 11:26:11 PM
Feels like the floodgate is just waiting to open to the downside here. Do we get one last push down to the 38% Fib retracement level today?
April 18, 2014, 11:25:18 PM
We have banks because even though they do naughty things from time to time, they are relatively secure whereas individuals are not. Perhaps recently banks have begun to wear out their welcome by overstepping but we shouldn't forget life is about balance. Perhaps Bitcoin won't replace banks but will find a role in keeping banks from being so overbearing.
the banks just ass-raped society for trillions and the best you can up with is "naughty banks" ... "recently worn out their welcome" ... "overbearing" ... ??!!
yeah like a thief in your house was naughty and wore out his welcome and was overbearing ... sheeeesh, get some perspective, you got fucked over by the banks, all of you and it is on-going, grow a pair and accept the reality of your abusive sub-ordination.
Some might say I am the one with perspective. Not in this
Pretty much a bankers entire job is making sure that the money they lend out gets paid back. They failed at this. It wasn't even their money. So why did the creditors get bailed out and not the debtors? It's not just the 2008 bail-outs. That was a symptom. Bankers have the system rigged so it's heads they win, tails we lose. They own the political system. They almost brought down the entire world economy and not a single one of them went to jail.
We can't save because interest rates are lower than the real rate of inflation, so we are forced to speculate. Where is the balance?
April 18, 2014, 11:16:40 PM
.... it has absorbed something like 500 BTC so far, probably 1k or so, there are huge orders on BFX sometimes....
Its been eaten. Right as I was about to take another bite.
April 18, 2014, 11:12:31 PM
.... it has absorbed something like 500 BTC so far, probably 1k or so, there are huge orders on BFX sometimes....
April 18, 2014, 11:10:12 PM
Largeish hidden buy order on Bitfinex @475 keeping the market up. It just sold me 350 btc. I wonder how much more its willing to sell me?
I'm confused. If it's a buy order, how can it sell anything to you? 
Ha Ha. See edit.
April 18, 2014, 11:09:32 PM
Largeish hidden buy order on Bitfinex @475 keeping the market up. It just sold me 350 btc. I wonder how much more its willing to sell me?
I'm confused. If it's a buy order, how can it sell anything to you? Saw the edit, nvm
April 18, 2014, 11:05:06 PM
Largeish hidden buy order on Bitfinex @475 keeping the market up. It just bought 350 btc from me. I wonder how much more its willing to buy from me?
April 18, 2014, 11:00:17 PM
April 18, 2014, 10:53:43 PM
I would timidly guess that there will not be much change in the price today (Saturday).
Significant changes could only be caused by news about the money input/output channels to the Chinese exchanges, positive or negative; or from the absence of such news when such news could have appeared, since traders could see that absence as a positive sign.
However, between today and Sunday no news are expected, and probably there will be none. So there should be no reason for sudden changes in the traders' mood.
The transition from Sunday to Monday is more uncertain. It is possible that some traders will decide to change their BTC:CNY positions on Sunday night or Monday morning in antecipation of whatever news they think many come out on Monday.
Significant changes could only be caused by news about the money input/output channels to the Chinese exchanges, positive or negative; or from the absence of such news when such news could have appeared, since traders could see that absence as a positive sign.
However, between today and Sunday no news are expected, and probably there will be none. So there should be no reason for sudden changes in the traders' mood.
The transition from Sunday to Monday is more uncertain. It is possible that some traders will decide to change their BTC:CNY positions on Sunday night or Monday morning in antecipation of whatever news they think many come out on Monday.
I though that Saturdays were traditional dump days. ... b/c of the potential of little fiat on the exchanges in order to counter-act those kinds of dumps.. and the fact that there is a quasi-holiday, there may be even a longer weekend with potentially less fiat to counteract any kind of dumping action... Is this NOT a bit of a pattern for Saturdays.. or maybe we are still trying to figure out the post gox and post china pattern... to some extent?
April 18, 2014, 10:49:24 PM
The dangers of Google Translate:
(From a humdrum blah blah article about bitcoin, in Chinese on a Thai site.)
Quote
Earlier, two other major Bitcoin exchange Bitstamp and BTC-e have enjoyed being hacked and suspended withdrawals .
(From a humdrum blah blah article about bitcoin, in Chinese on a Thai site.)
April 18, 2014, 10:48:18 PM
. Also, have you not noticed Bitcoin's deflation since November?
You mean that the exchange rate has declined. I am sure that you are aware that this was widely anticipated. Ross Ulbricht did not secure his funds adequately to the risks he encountered.
I mean the value of Bitcoin went down, just as the dollar does when it inflates. Whether it is anticipated or not has no bearing on your original claim. Same with whether Ross secured his funds properly or not. You know this. You're not stupid. You simply have rhetoric that you don't want to back away from. Some might call that disingenuous, especially since you're smart enough to realize your mistake.
Keyser's on a rampage. We're a long way off from mass consumer adoption. There needs to be some key markets that we need to capture first. It might even be better to make it more exclusive. You know, something like "Bitcoin, for people smarter than you".
"Keyser's on a rampage" is that bullish?
April 18, 2014, 10:41:58 PM
Hmmm... will bitcoin price rise to 2000k$ this year?
probably!
ccmf!
April 18, 2014, 10:39:00 PM
Hmmm... will bitcoin price rise to 2000k$ this year?
Welcome to my ignore list.
April 18, 2014, 10:37:52 PM
Hmmm... will bitcoin price rise to 2000k$ this year?
I bet you 1btc it won't. April 18, 2014, 10:34:35 PM
Hmmm... will bitcoin price rise to 2000k$ this year?
April 18, 2014, 10:32:22 PM
We have banks because even though they do naughty things from time to time, they are relatively secure whereas individuals are not. Perhaps recently banks have begun to wear out their welcome by overstepping but we shouldn't forget life is about balance. Perhaps Bitcoin won't replace banks but will find a role in keeping banks from being so overbearing.
the banks just ass-raped society for trillions and the best you can up with is "naughty banks" ... "recently worn out their welcome" ... "overbearing" ... ??!!
yeah like a thief in your house was naughty and wore out his welcome and was overbearing ... sheeeesh, get some perspective, you got fucked over by the banks, all of you and it is on-going, grow a pair and accept the reality of your abusive sub-ordination.
Some might say I am the one with perspective. Not in this
April 18, 2014, 10:31:43 PM
We're already in a lopsided situation where although more and more merchants are accepting BTC yet we don't seem to have many consumers on board. Bitcoin has pretty obvious negatives for consumers, who just want "safe and easy." I imagine "safe and easy" is in the pipeline, but of course the problem is it is my imagination only.
I've always thought that was bitcoin's biggest weakness in terms of adoption for actual use as opposed to speculation: how does it benefit the consumer? It's advertised as a great way to protect merchants, but if the consumer won't use it because they don't get any additional benefit for going through the trouble, it doesn't matter how many merchants accept it.
Well, we keep waiting for the "killer app" in the developed world. Something that makes it simply, easy, fast, safe and effective. Circle.com, am I talking to you??
Meanwhile Bitcoin has more advantages in the non-developed world. But getting it there in a way that is meaningful is a entirely different task.
There is a gap that still needs to be filled and no one has filled it yet.
Jump to: