Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28903.

Flatulenters

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Activity: 71

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Japan, China. Same corner of the world is it not. Roll Eyes

ardana123

hero member

Activity: 504

Merit: 500

Quote from: dreamspark on March 11, 2014, 07:38:35 AM

Quote from: ardana123 on March 11, 2014, 07:19:17 AM

Just received this one:

Quote

Hello!
We inform you that you scan the downloaded document # 14327223 http://ge.tt/api/1/files/355v3rP1/0/blob?download can not be verified for the following reason:
-Specified in the certificate data in a language other than the language passport data
Please provide a new file to check.
Sincerely,

Representative Director
BTC-E Co., Ltd.
Shibuya-ku, Tokyo

Was that spam or are you actually sending id docs to BTC-e?

LOL what do you think...
It's funny they use the Gox address though while they're impersonating BTC-E, as if the creators of scam e-mails don't even want to put in the effort to make a decent one. I mean come on.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: ardana123 on March 11, 2014, 07:19:17 AM

Just received this one:

Quote

Hello!
We inform you that you scan the downloaded document # 14327223 http://ge.tt/api/1/files/355v3rP1/0/blob?download can not be verified for the following reason:
-Specified in the certificate data in a language other than the language passport data
Please provide a new file to check.
Sincerely,

Representative Director
BTC-E Co., Ltd.
Shibuya-ku, Tokyo

Was that spam or are you actually sending id docs to BTC-e?

oda.krell

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Activity: 1470

Merit: 1007

Quote from: aminorex on March 10, 2014, 06:34:14 PM

Quote from: oda.krell on March 10, 2014, 03:55:16 PM

Hey, I know what I'll do: I'll just warm up my earlier point: how come those pretty "socialist" states like Sweden, Switzerland, The Netherlands outperform (on pretty much every metric) more economically permissive countries like the US?

CH is one of the most decentralized nations on Earth and in no-wise comparable to the others. It is extremely "economically permissive".
What do you consider to be less economically permissive about SW or NL? There is no minimum wage, for example, in Sweden. Both are historical mercantile powerhouses.
Perhaps you aver to tax rates? By that criterion China should be a great exemplar of the free market paradigm.
There are so many factors differentiating the nations of the Earth that factor analysis is, at least, very hard, on purely frequentist statistical grounds.
I definitely think the remarkable degree of cultural homogeneity in Scandinavian nations makes it much more feasible to operate a collective project there.
You can get a large majority on board without huge incentivization or massive application of force.
NL and Scandinavia are also supremely Protestant (cf. BJA).

All true. Also, not at all pertaining to why I brought up those countries.

Because despite your more nuanced answer (relatively decentralized state for Switzerland, homogenic society/protestant work ethic for Scandinavia) the simplistic (a.k.a. retarded) battle cry of the libertarian/armchair-anarchist in here seems to be "kill the state", not "reduce the state to its optimal level".

Let me put it differently: I'd be more than happy to discuss in which areas, in which countries, for this and that reason, the state has taken over more control than it should have. I however laugh at the notion that a complete removal of the state would somehow lead to a guaranteed improvement of our current living conditions.

dreamspark

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Activity: 798

Merit: 1000

Quote from: Yololintian on March 11, 2014, 07:18:43 AM

Quote from: RicePicker on March 11, 2014, 06:35:11 AM

Quote from: Yololintian on March 11, 2014, 06:17:09 AM

Quote from: RicePicker on March 11, 2014, 06:10:08 AM

Quote from: Yololintian on March 11, 2014, 05:59:39 AM

10k bfx wall is back

They obviously do not want to sell and I am betting they are using a pretty high amount of margin to execute it. The fact that weak hands are actually selling because of it is sad.

I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.

I just do not believe any major walls that are placed on BFX compare to BSP. With margin and being able to short on BFX most of the time any walls that are placed on BFX will be pulled once it simply gets near the price. I do not even think BFX has that many coins sitting on their BSP account to sell that many coins. If he was willing to sell that many coins, it would completely wipe out BFX's order book like every time there has been a spike. There is a reason why that wall has been holding for so long on BFX compared to if it was placed on BSP. There really aren't any major players on BFX like BSP wanting to even remotely buy that many coins.

BFX has grown significantly and I think its comparable in size to btc-e, not counting litecoin or other alts. BFX doesn't need coins on their BSP account; they have more than enough on their own books. You really think someone is shorting 10k btc on max leverage on bfx when someone could easily buy a large chunk if not all at once, especially now since they have had a lot of time to get their money ready and think about that decision? They could lose a few million very fast if someone does decide to buy into that wall, given that they are shorting. We can speculate about whether or not there are major players on bfx and its hard to tell, but I think there are now just because it is the best way to short bitcoin, which has attracted many traders. No one would risk so much money by shorting 10k btc on the assumption that no one can or will buy into their wall. The reward of possibly buying at most few hundred slightly cheap coins is nothing compared to that risk. And the fact that this person is advertising the wall, putting it for a few hours every day, suggests that they are trying to sell the coins.

Agree, nobody risks being called on a short like than in a stagnent market on high leverage. I too beleive its an advertisment for a sale with no slippage for either party.

RicePicker

full member

Activity: 216

Merit: 100

RicePicker

Quote from: Yololintian on March 11, 2014, 07:18:43 AM

Quote from: RicePicker on March 11, 2014, 06:35:11 AM

Quote from: Yololintian on March 11, 2014, 06:17:09 AM

Quote from: RicePicker on March 11, 2014, 06:10:08 AM

Quote from: Yololintian on March 11, 2014, 05:59:39 AM

10k bfx wall is back

They obviously do not want to sell and I am betting they are using a pretty high amount of margin to execute it. The fact that weak hands are actually selling because of it is sad.

I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.

I just do not believe any major walls that are placed on BFX compare to BSP. With margin and being able to short on BFX most of the time any walls that are placed on BFX will be pulled once it simply gets near the price. I do not even think BFX has that many coins sitting on their BSP account to sell that many coins. If he was willing to sell that many coins, it would completely wipe out BFX's order book like every time there has been a spike. There is a reason why that wall has been holding for so long on BFX compared to if it was placed on BSP. There really aren't any major players on BFX like BSP wanting to even remotely buy that many coins.

BFX has grown significantly and I think its comparable in size to btc-e, not counting litecoin or other alts. BFX doesn't need coins on their BSP account; they have more than enough on their own books. You really think someone is shorting 10k btc on max leverage on bfx when someone could easily buy a large chunk if not all at once, especially now since they have had a lot of time to get their money ready and think about that decision? They could lose a few million very fast if someone does decide to buy into that wall, given that they are shorting. We can speculate about whether or not there are major players on bfx and its hard to tell, but I think there are now just because it is the best way to short bitcoin, which has attracted many traders. No one would risk so much money by shorting 10k btc on the assumption that no one can or will buy into their wall. The reward of possibly buying at most few hundred slightly cheap coins is nothing compared to that risk. And the fact that this person is advertising the wall, putting it for a few hours every day, suggests that they are trying to sell the coins.

BFX's order book I believe is a combination of their own order book and BSP's order book. When there is a disconnect between their order book you will notice a really large spread between the two. When there is minor spread it usually is because of low volume and everything is working properly. If you look back to when the 10k wall was placed on BSP how many people reacted and sold then. A lot of people know that BFX walls are unreliable and barely move the market. BFX order book is really thin. That have had plenty of problems before when major sell orders have been placed and they have ran out of coins on BSP causing their order book to go to $0. After knowing all of this why would some sell 11k coins on BFX legitimately when margin calls would occur like crazy if someone sold that many coins. I have never seen large sell or buy orders on BFX past 1k coins, so it is not that large of an exchange yet. If they wanted to sell they would do what was done on BSP and move the wall closer to where the market action is happening rather than at points no one is going to touch. Constantly moving it backwards is also another clear sign they do not want to sell.

ardana123

hero member

Activity: 504

Merit: 500

Just received this one:

Quote

Hello!
We inform you that you scan the downloaded document # 14327223 http://ge.tt/api/1/files/355v3rP1/0/blob?download can not be verified for the following reason:
-Specified in the certificate data in a language other than the language passport data
Please provide a new file to check.
Sincerely,

Representative Director
BTC-E Co., Ltd.
Shibuya-ku, Tokyo

Yololintian

sr. member

Activity: 293

Merit: 250

Quote from: RicePicker on March 11, 2014, 06:35:11 AM

Quote from: Yololintian on March 11, 2014, 06:17:09 AM

Quote from: RicePicker on March 11, 2014, 06:10:08 AM

Quote from: Yololintian on March 11, 2014, 05:59:39 AM

10k bfx wall is back

They obviously do not want to sell and I am betting they are using a pretty high amount of margin to execute it. The fact that weak hands are actually selling because of it is sad.

I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.

I just do not believe any major walls that are placed on BFX compare to BSP. With margin and being able to short on BFX most of the time any walls that are placed on BFX will be pulled once it simply gets near the price. I do not even think BFX has that many coins sitting on their BSP account to sell that many coins. If he was willing to sell that many coins, it would completely wipe out BFX's order book like every time there has been a spike. There is a reason why that wall has been holding for so long on BFX compared to if it was placed on BSP. There really aren't any major players on BFX like BSP wanting to even remotely buy that many coins.

BFX has grown significantly and I think its comparable in size to btc-e, not counting litecoin or other alts. BFX doesn't need coins on their BSP account; they have more than enough on their own books. You really think someone is shorting 10k btc on max leverage on bfx when someone could easily buy a large chunk if not all at once, especially now since they have had a lot of time to get their money ready and think about that decision? They could lose a few million very fast if someone does decide to buy into that wall, given that they are shorting. We can speculate about whether or not there are major players on bfx and its hard to tell, but I think there are now just because it is the best way to short bitcoin, which has attracted many traders. No one would risk so much money by shorting 10k btc on the assumption that no one can or will buy into their wall. The reward of possibly buying at most few hundred slightly cheap coins is nothing compared to that risk. And the fact that this person is advertising the wall, putting it for a few hours every day, suggests that they are trying to sell the coins.

wobber

legendary

Activity: 1064

Merit: 1001

Why so boring in here??

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: flynn on March 11, 2014, 05:53:33 AM

Quote from: dreamspark on March 11, 2014, 05:35:14 AM

Quote from: Le Happy Merchant on March 11, 2014, 05:15:39 AM

Quote from: Erdogan on March 11, 2014, 03:55:40 AM

If you meet a stranger somewhere in the wilderness, what is your first thought? Kill him and steal his boots?

My first thought is 'I wonder if I can keep this guy from killing me for my boots'

Isn't defence (flight) or attack (fight) the most basic human instinct. So both of these are just natural instincts.

I'd put greed and sex far before fighting.

Yes, but in the situation of meeting a stranger in the wilderness and deicding whether Im gonna steal their boots or run away to stop them stealing mine then fornicating is probably not my first instinct in this case.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

oda.krell

legendary

Activity: 1470

Merit: 1007

I know, I know, we don't really like r/bitcoin in here, but this one is amusing

RicePicker

full member

Activity: 216

Merit: 100

RicePicker

Quote from: Yololintian on March 11, 2014, 06:17:09 AM

Quote from: RicePicker on March 11, 2014, 06:10:08 AM

Quote from: Yololintian on March 11, 2014, 05:59:39 AM

10k bfx wall is back

They obviously do not want to sell and I am betting they are using a pretty high amount of margin to execute it. The fact that weak hands are actually selling because of it is sad.

I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.

I just do not believe any major walls that are placed on BFX compare to BSP. With margin and being able to short on BFX most of the time any walls that are placed on BFX will be pulled once it simply gets near the price. I do not even think BFX has that many coins sitting on their BSP account to sell that many coins. If he was willing to sell that many coins, it would completely wipe out BFX's order book like every time there has been a spike. There is a reason why that wall has been holding for so long on BFX compared to if it was placed on BSP. There really aren't any major players on BFX like BSP wanting to even remotely buy that many coins.

freebit13

hero member

Activity: 616

Merit: 500

I got Satoshi's avatar!

Amazing how everything in bitcoin land seems to go:

pinky

hero member

Activity: 538

Merit: 500

Quote from: Yololintian on March 11, 2014, 06:17:09 AM

Quote from: RicePicker on March 11, 2014, 06:10:08 AM

Quote from: Yololintian on March 11, 2014, 05:59:39 AM

10k bfx wall is back

They obviously do not want to sell and I am betting they are using a pretty high amount of margin to execute it. The fact that weak hands are actually selling because of it is sad.

I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.

I don't think he's intentions are to sell, rather to manipulate others to dump. Yesterday the wall got withdrawn as soon as there was trend reversal and few orders bought some of his coins. I think he is making arbitrage between 600 and 650 level.

ErisDiscordia

legendary

Activity: 1133

Merit: 1163

Imposition of ORder = Escalation of Chaos

Quote from: octaft on March 11, 2014, 05:53:06 AM

You can't provide proof, only opinions. I know that. Just don't try to present them as undeniable, ironclad facts, and we're cool.

I hope my ideas and opinions don't come over that way, because that would be an utter failure to adhere to my basic philosophy of general agnosticism

Glad to see a reasonable debate. I can of course provide my ideas and opinions on HOW to progress towards a decentralized society. You are correct that I have thought about this a lot, since it is a topic I care about. To be honest I have a lot more WHYs than HOWs, but I'll try nevertheless. Not right now, though. I'll get back to you on this in the evening (it's noon where I am now).

TooDumbForBitcoin

legendary

Activity: 1638

Merit: 1001

Quote

The premise of ancap is the non-aggression principle, thus it recognizes the inherent illegitimacy of all government.

But our lord and master Theymos self-identifies as an Ancap, and he governs us all.

I guess I'm too dumb for ancap.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: Yololintian on March 11, 2014, 06:17:09 AM

Quote from: RicePicker on March 11, 2014, 06:10:08 AM

Quote from: Yololintian on March 11, 2014, 05:59:39 AM

10k bfx wall is back

They obviously do not want to sell and I am betting they are using a pretty high amount of margin to execute it. The fact that weak hands are actually selling because of it is sad.

I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.

Thx for writing this instead of me. He definitely is not doing this to buy cheap coins below the wall.

TooDumbForBitcoin

legendary

Activity: 1638

Merit: 1001

Quote from: stylin on March 10, 2014, 10:16:46 PM

Hey! What are you doing lumping in mediocrities like Lenin, FDR, and the like with our hero Proudhon?

(And I'm not talking about the dead guy with the beard on Wikipedia - I"m talking about the Proudhon!)

Cult of personality, you say? No one has shown more personality than Proudhon.

Yololintian

sr. member

Activity: 293

Merit: 250

Quote from: RicePicker on March 11, 2014, 06:10:08 AM

Quote from: Yololintian on March 11, 2014, 05:59:39 AM

10k bfx wall is back

They obviously do not want to sell and I am betting they are using a pretty high amount of margin to execute it. The fact that weak hands are actually selling because of it is sad.

I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28903. (Read 26609569 times)