Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28401. (Read 26608306 times)

DDOS'ing the bitcoin protocol, DDOS'ing the forum, the exchanges, spreading false rumors, stealing coins, using stolen funds to push the market.  Using other people's computers against their will to attack the network.


Crimes and torts are not the free market.  I'm telling you that any community that can not or will not defend itself will not survive.

Can you breathe through your nose or do you have to take breaks?

Sounds like Wall Street and modern banking. Lotsa folks continuing to invest there.

look at those Bitfinex ask walls. Wer'e in for some discount coins! Hope everyone's got their fiat handy.

Is that Roosevelt on the right, standing up?

If Ayn Rand had a dick, it would only be 2 inches in total.. .so your hypothetical is giving too much credit.      

I dunno. How far up your ass do you keep your copy of Das Kapital?

I believe that your initial point ( I believe it was yours) that I was responding to had something to do with the question about whether we were all being manipulated.. and that there were more coins than we thought (12.5 million or whatever our current quantity is).  I suggested that exchanges may be doing this, too.. working outside the original intent of bitcoin and the blockchain. 

I doubt that a long term and meaningful solution needs to be regulation or regulated exchanges.. b/c that would likely lead bitcoin back down the slippery slope of fiat money and the whole printing problem.

I am no fricking expert, but I am of the understanding that there are various kinds of decentralized exchange solutions in development, including through mastercoin, and colored coins and Nxt that would potentially address these kinds of exchange issues, so we do NOT have to work off of the blockchain and we do not have to give up our coins to third parties and lack of transparency.  Whether these kinds of solutions will be sufficient or solve more problems than they create may be another story.. but it will likely take some time for adoption of these kinds of decentralized solutions.  Others here probably can speak much more eloquent to the point than me, that's for sure.

1k sell wall at bitfinex.... lets see how long that lasts.

Explanation

If Ayn Rand had a dick, how far down your throat do you think it would be? 3 inches? 4? The whole goddamn 8?

who is selling

arrr...  yer .. Im with ya now   Yep trading a database number price not actual BTC.


  I guess if BTC does survive the next few years, people will move to regulated exchanges.  what makes BTC great is also it's weakness.   

Various solutions are evolving regarding this wild-wild west, and maybe in time, there will be decentralized solutions that solve some of the problems of people running off with coins, for example... Hopefully!!!  I know during innovation stages, there are going to be risks.. but I would hate to lose all my coins b/c some smart 16 year old figured out a way to hack into my wallet or to divert my transaction or something like that.

The SEC is worthless. They can be bought. Who regulates the regulators? The solutions are both technological and good ol' fashioned caveat emptor.  Reggie Middleton designed a way to trade stocks on the blockchain. I think the idea holds great promise.

I just don't get the gripes. If you think JP Morgan is artificially suppressing gold prices, then good! Buy gold at a discount. Just don't buy at a discount and then gripe that you may also have to sell at a discount. You can't have it both ways.

You think bitcoin price is artificially high? Then quit bitching and sell. or don't buy any. If you think it's artificially low then buy more. People are buying and selling based on information you don't have. They always have and always will. But maybe you have information they don't have. Nobody knows everything.

And the griping that rich people have disproportionate influence over your future is infantile. I'd rather have rich people with disproportionate influence than poor people. They are much worse.

These are all very good points, yet they are even above and beyond the point that I was making.   I was saying that most of the exchanges or even some services like silkroad or some other service allows you to create an account.  Thereafter, those transactions within the service are taking place off of the blockchain, and allows for manipulation of how many BTC are being used to employ the services of the business.. and whether they even have as many BTC as customers have given to them.  And, that causes a manipulation of potentially creating more than 21 million BTC b/c these kinds of entities could be engaging in a form of fractional reserve... .and we may NOT be able to know or detect such fractional reserve practices until we want to get our coins from them (or everyone wants their coins).

looking at that 480 - 410 drop, the only similarity I can see between now, and then is the 4 hour MACD,  they are at very similar stages. and about the same volume.  

Maybe this is triggering the bot.  




EDIT: 4 hour MACD

The government is responsible for consumer protection. If nobody wants manipulation in stock markets, commodity markets etc... then let democracy have its way. But in bitcoin land, well, we asked for freedom, and hey..... we got it! and it's great. but unfortunately manipulation cannot be dealt with in the protocol. now people will need to learn for once how to deal with their problems them selves.

If you are referring to me (since my post using the term "manipulation" is immediately preceding your quasi-incomprehensible rant of a post), I will entertain you with a brief response.

First:  why is it that you seem to have some kind of cork up your ass and you seem to want to argue... Maybe you have a little time on your hands, since the market is NOT moving too much?

Second:  You seem to either to have NOT read my post, or you are getting it all out of context.  Surely, there are a lot of ways to discuss manipulation, and I have used the word in a variety of ways in the past.  In my above post, I used the term manipulation to refer to what seems to have been a real dynamic concerning what was going on with GOX.  In reality, even today, after a couple of months of their being shut down, the evidence in the public is fairly unclear about what was going on at GOX; however, there seems to be considerable consensus around the point that GOX was engaged in some form of manipulation of the quantity of BTC that they had and the quantity of BTC that they were allowing to be traded.  In that regard, if those BTC do NOT exist then GOX should NOT have been allowing them to be traded.  Surely some ambiguity whether they broke any laws or NOT, but there is a certain amount of risk that takes place when owners of BTC entrust their BTC to a third party, outside of the blockchain.  I believe that there are a variety of solutions that are being considered and worked on in order to allow for decentralized exchanges... in order that owners of BTC would NOT have to entrust their BTC to third parties (at least NOT as much as what seems to be taking place under centralized exchange systems).

Third:  your reference to other kinds of manipulation that may be taking place by whales on exchanges were NOT a part of my earlier post, so it seems to be a rant without any immediate foundation.  Although I have brought up that subject in previous posts, i have NOT mentioned it in recent posts.  If you want to go down that avenue, then probably we need a context, rather than you merely creating some kind of lack of context argument that is difficult to pinpoint b/c it seems to be a fiction of your own creation, even though definitely it is a worthy topic.

Fourth:  Your several times retort about wanting to me to go away is a little bit hilarious  - like you are all emotional about some infliction that I supposedly caused.. and the solution is that I should supposedly go away.  This thread should be big enough for all of us, no?  I just cannot agree that I am going to only post items that are within your tolerance and acceptance.. or that my BTC investment perspective is sufficiently aligned with your values, if you have any.. they have been difficult to pinpoint recently.

Fifth:  If there is some personal matter that you want to discuss, then I am open to PM.... Don't want to bore folks here with matters that may end up having some personal concerns about style or courtesy or whatever...

I have a couple more points, but I will save them for later, if needed... Hopefully, my points above are sufficient to respond to your concerns and to help to clarify matters to some extent.

Well before the SEC there were lots of things big traders were doing that eventually became illegal, but maybe your point still stands.