No much action; a good article meanwhile:
http://www.fool.com/investing/general/2014/02/10/77-reasons-youre-awful-at-managing-money.aspx
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29539. (Read 26609464 times)
February 18, 2014, 08:50:09 AM
February 18, 2014, 08:45:09 AM
I haven’t watched volume on multiple exchanges but there can't be much trade on the other floors if price action is so low?
MtGOX's volume was falling relative to other non-Chinese exchanges, and it had already lost its first place among them. As you can see from the tables that I have been posting, after they locked their exit doors their trade volume paradoxically exploded, from ~15 kBTC/day to ˜100 kBTC on certain days. Who knows how much of that is legitmate and how much is generated by the exchange itself.
February 18, 2014, 08:42:38 AM
About coming here to seek investment advice...
Where should you go? To Washington Post? To NY Times? The Economist? Forbes? Or maybe to the central banks in Russia or China? Or maybe to a big bank like JPMorgan?
I think not. Those sources are not useful, other than for us to see what our adversaries have discovered..
Is there a top secret, 1000 USD a month journal, with the real info is, that the common retail investors can't afford to access? No, doesn't exist.
If an interested financier is looking for info, he should come here, right to the adamstgbit's wall-thread on bitcointalk. Any experienced investor should be able to sift through the posts and separate the wheat from the chaff. If he is only looking for the current sentiment, like most finance advisors do, he should just swallow it all in raw form.
Well done adam, you are in the center of the universe now.
Yeah, it is a quiet day in bitcoinland.
Where should you go? To Washington Post? To NY Times? The Economist? Forbes? Or maybe to the central banks in Russia or China? Or maybe to a big bank like JPMorgan?
I think not. Those sources are not useful, other than for us to see what our adversaries have discovered..
Is there a top secret, 1000 USD a month journal, with the real info is, that the common retail investors can't afford to access? No, doesn't exist.
If an interested financier is looking for info, he should come here, right to the adamstgbit's wall-thread on bitcointalk. Any experienced investor should be able to sift through the posts and separate the wheat from the chaff. If he is only looking for the current sentiment, like most finance advisors do, he should just swallow it all in raw form.
Well done adam, you are in the center of the universe now.
Yeah, it is a quiet day in bitcoinland.
Dumbest thing ever write
February 18, 2014, 08:40:43 AM
About coming here to seek investment advice...
Where should you go? To Washington Post? To NY Times? The Economist? Forbes? Or maybe to the central banks in Russia or China? Or maybe to a big bank like JPMorgan?
I think not. Those sources are not useful, other than for us to see what our adversaries have discovered..
Is there a top secret, 1000 USD a month journal, with the real info is, that the common retail investors can't afford to access? No, doesn't exist.
If an interested financier is looking for info, he should come here, right to the adamstgbit's wall-thread on bitcointalk. Any experienced investor should be able to sift through the posts and separate the wheat from the chaff. If he is only looking for the current sentiment, like most finance advisors do, he should just swallow it all in raw form.
Well done adam, you are in the center of the universe now.
Yeah, it is a quiet day in bitcoinland.
Where should you go? To Washington Post? To NY Times? The Economist? Forbes? Or maybe to the central banks in Russia or China? Or maybe to a big bank like JPMorgan?
I think not. Those sources are not useful, other than for us to see what our adversaries have discovered..
Is there a top secret, 1000 USD a month journal, with the real info is, that the common retail investors can't afford to access? No, doesn't exist.
If an interested financier is looking for info, he should come here, right to the adamstgbit's wall-thread on bitcointalk. Any experienced investor should be able to sift through the posts and separate the wheat from the chaff. If he is only looking for the current sentiment, like most finance advisors do, he should just swallow it all in raw form.
Well done adam, you are in the center of the universe now.
Yeah, it is a quiet day in bitcoinland.
February 18, 2014, 08:39:34 AM
Call me a fool but I couldn't resist buying some goxBTC at .5. Be greedy when others are fearful and all that...
February 18, 2014, 08:14:41 AM
Finally, my purchase decisions are not affected by a few percent of inflation. I buy if I need or want something. Inflation is mostly an annoyance to me (saving is impossible in our current system).
You are contradicting yourself there. Because saving up in cash has been made impossible, as you say, you save less and buy more. The point is that people should save wealth in production, not in money.
Perhaps it seems that way but wealth can be stored in other means than cash. It does not neccessarily increase my consumption. Whether people 'save' in production should be a free choice to make, not a forced one.
The capital structure of the entire economy is so out of whack after 30 years of artificially low interest rates, that investing in production at this point is folly in most cases. The true capitalist is flying blind at this point because the price signals are being intentionally distorted. Invest in production of what?
I invest in the production of cryptographic tokens that have the potential of restoring price signals and allowing capitalists to allocate resources where they are most needed.
February 18, 2014, 08:01:41 AM
Finally, my purchase decisions are not affected by a few percent of inflation. I buy if I need or want something. Inflation is mostly an annoyance to me (saving is impossible in our current system).
You are contradicting yourself there. Because saving up in cash has been made impossible, as you say, you save less and buy more. The point is that people should save wealth in production, not in money.
Perhaps it seems that way but wealth can be stored in other means than cash. It does not neccessarily increase my consumption. Whether people 'save' in production should be a free choice to make, not a forced one.
February 18, 2014, 08:00:47 AM
But that still doesn't explain why the other exchanges are calm too. I think that their is a "gentlemen’s agreement" between exchanges not to take advantage on GOX
That is easier to explain: MtGOX is a roach motel -- what goes in presently cannot get out, and perhaps never will. Except for naive investors who sell coins at other exchanges and sink their money into MtGOX, there is no communication between that market and all the others (which appear to be fairly well connected by arbitragers).
As others have pointed out, what the charts show for MtGox is trade of virtual "goxBTC" for virtual "goxUSD", that may be convertible one day to actual BTC and actual USD, at some unknown "exchange rate" between 1 and 0 (inclusive).
I haven’t watched volume on multiple exchanges but there can't be much trade on the other floors if price action is so low?
The broader perspective might put us all in a roach motel, if banks choke bitcoin further. Too much mentioning of that in media the past 3 months Norway Canada Ukraine Denmark to mention a few.
Ideologically, it doesn't mean shit, Bitcoin is still beautiful, but this is a speculation thread, and it will have a severe impact on price .
Impossible. That would just drive the market to decentralized exchanges where we trade for cash. That would actually be better for Bitcoin in the long run, just like bittorrent is better for file sharing than Napster, although short term prices would take a big hit.
February 18, 2014, 07:55:50 AM
But that still doesn't explain why the other exchanges are calm too. I think that their is a "gentlemen’s agreement" between exchanges not to take advantage on GOX
That is easier to explain: MtGOX is a roach motel -- what goes in presently cannot get out, and perhaps never will. Except for naive investors who sell coins at other exchanges and sink their money into MtGOX, there is no communication between that market and all the others (which appear to be fairly well connected by arbitragers).
As others have pointed out, what the charts show for MtGox is trade of virtual "goxBTC" for virtual "goxUSD", that may be convertible one day to actual BTC and actual USD, at some unknown "exchange rate" between 1 and 0 (inclusive).
I haven’t watched volume on multiple exchanges but there can't be much trade on the other floors if price action is so low?
The broader perspective might put us all in a roach motel, if banks choke bitcoin further. Too much mentioning of that in media the past 3 months Norway Canada Ukraine Denmark to mention a few.
Ideologically, it doesn't mean shit, Bitcoin is still beautiful, but this is a speculation thread, and it will have a severe impact on price .
February 18, 2014, 07:49:15 AM
Stamp leading the dumps this time?
I think that Huobi had larger-than-usual drops 1 minute ahead of Bitstamp at 12:30 UTC, and a couple of minutes ahead at 12:37.
February 18, 2014, 07:49:07 AM
Gotta love the sheep. Sold the peak of 660 yesterday as the news from gox wasn't great but the market was always going to have a little rally. Testing the bottom around 550ish again and Im back in and bullish.
February 18, 2014, 07:46:59 AM
Stamp leading the dumps this time?
stamp is been pushed down by at least 2 self-replenishing "walls" (all in all 150 btc). as soon they get bitten, they dissapear for a few seconds to get filled up to 50 or 100 again
February 18, 2014, 07:46:34 AM
What does everyone think is the cause for the massive continuous dump of btc on gox? I think it is just someone or a few ppl with tens of thousands of coins selling them for whatever reason, but I hear that some people think its manipulation and an entity is selling to itself to drive the price down. I see no way the latter case can actually be effective other than losing a major percentage of that entity's total goxbux/goxcoins. Sure, driving the price down will cause some panic selling (which in this scenario the manipulator tries to pick these panic-sold coins up), especially in the first stages of the detachment of gox prices to everywhere else, but when the price keeps going down and down on gox but not anywhere else, far less people are going to be selling their goxcoins in panic. The mega whale seller also cut down significant support all through 600s to 200s, and it will not be possible for it to buy back even 30% of those coins for the same price, judging by the orderbook ask depth. On the other hand, it seems as if most of the current supply of goxbux is dwindling under the great supply of btc the megawhale is dumping onto gox. To me this doesn't seem like manipulation but a huge increase in supply of btc if gox ever enables withdrawals, which through arbitrage will bring the prices much lower on other exchanges.
Also, does anyone have any other plausible justifications of the constant selling from the mega-whale?
Also, does anyone have any other plausible justifications of the constant selling from the mega-whale?
Interesting question. The around 300$ GOX price is maintained not to jump all over the place. Walls and volume is to low to give any natural price stability. What are they waiting for? Gox on it's own could try to lure fiat holders in to reduce the $$ they owe (claims in Bitcoins might be easier to dismiss in court?), or as said elsewhere, make some suckers deposit some cash?.
But that still doesn't explain why the other exchanges are calm too. I think that their is a "gentlemen’s agreement" between exchanges not to take advantage on GOX, maybe for personal reasons, but also for Bitcoins image! If the price crashes because of the malability hack, It will look as Bitcoin itself has been compromised and people distrust the currency itself and not just an exchange.
It looks rigged sure. But calm is good right now from a PR perspective.
February 18, 2014, 07:45:03 AM
WTF just happened on stamp??? somebody snagged my cheap coins!
Could have sold for 638 15 seconds later, never a dull moment.nah. I'd get chewed up on fees trading swings that small. I'm waiting for sub $600 to reload. The problem is, if too many others are doing the same, I might not get the chance.
February 18, 2014, 07:44:49 AM
Stamp leading the dumps this time?
February 18, 2014, 07:42:45 AM
But that still doesn't explain why the other exchanges are calm too. I think that their is a "gentlemen’s agreement" between exchanges not to take advantage on GOX
That is easier to explain: MtGOX is a roach motel -- what goes in presently cannot get out, and perhaps never will. Except for naive investors who sell coins at other exchanges and sink their money into MtGOX, there is no communication between that market and all the others (which appear to be fairly well connected by arbitragers).
As others have pointed out, what the charts show for MtGox is trade of virtual "goxBTC" for virtual "goxUSD", that may be convertible one day to actual BTC and actual USD, at some unknown "exchange rate" between 1 and 0 (inclusive).
February 18, 2014, 07:39:59 AM
481 sell, one minute later 467 buy 
15 minute candle looks hillarious February 18, 2014, 07:39:00 AM
February 18, 2014, 07:38:09 AM
WTF just happened on stamp??? somebody snagged my cheap coins!
Could have sold for 638 15 seconds later, never a dull moment. 
February 18, 2014, 07:34:26 AM
481 sell, one minute later 467 buy
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