Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29802.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: vokain on February 12, 2014, 02:05:23 AM

Quote from: creekbore on February 12, 2014, 02:01:34 AM

Quote from: vokain on February 12, 2014, 01:56:23 AM

Quote from: windjc on February 12, 2014, 01:55:11 AM

Here is some good news:

http://www.bloomberg.com/news/2014-02-11/lawsky-says-new-york-will-adapt-money-transfer-rules-for-bitcoin.html

woohoo CCMF

Well, if "Shroomskit's Law" (all positive news about BTC precipitates a sell off) then we should see a further dip in the price Grin

yeah that's been the norm haha

Of course. I'm trying to drive down the price. Cheap coins ftw!

spooderman

legendary

Activity: 1680

Merit: 1045

ghash.io needs to be fucked up again. ugh.

PoolMinor

legendary

Activity: 1844

Merit: 1338

XXXVII Fnord is toast without bread

Found in the near future, lookout hodlers.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: creekbore on February 12, 2014, 02:01:34 AM

Quote from: vokain on February 12, 2014, 01:56:23 AM

Quote from: windjc on February 12, 2014, 01:55:11 AM

Here is some good news:

http://www.bloomberg.com/news/2014-02-11/lawsky-says-new-york-will-adapt-money-transfer-rules-for-bitcoin.html

woohoo CCMF

Well, if "Shroomskit's Law" (all positive news about BTC precipitates a sell off) then we should see a further dip in the price Grin

yeah that's been the norm haha

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: shmadz on February 12, 2014, 01:53:04 AM

Quote from: solex on February 12, 2014, 01:47:44 AM

The "200,000" traders (if that number is to be believed) do not own any bitcoins on eToro. They can't deposit or withdraw. Their accounts are CFDs. They trade instantly with eToro.
eToro must hold BTC in order to be risk neutral for its own book. The daily order execution is eToro, as market-maker, buying and selling on a Bitcoin exchange to hedge the net long/short position of all the traders. They must have their own long-term prop fund to use as well.

thank you. I did not understand CFD's. Now I do. seems a decent gambling book. prudent to step up their execution schedule when dealing with bitcoin, though they might want to go at least hourly... bitcoin likes to move it move it.

No surprise that CFDs are illegal in the USA, but invented and legal in the Wild West of Fiat (also known as London) where AIG's traders ran that company into a bankrupt state and JP Morgan's whale trader lost them billions too.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Done with Gox
Explanation

podyx

legendary

Activity: 2338

Merit: 1035

anyone know anything about the standard bank news?? anyone tried it?

its like a bank but u can send bitcoins instead and they store it safe or what?

creekbore

full member

Activity: 210

Merit: 100

Lazy, cynical and insolent since 1968

Quote from: vokain on February 12, 2014, 01:56:23 AM

Quote from: windjc on February 12, 2014, 01:55:11 AM

Here is some good news:

http://www.bloomberg.com/news/2014-02-11/lawsky-says-new-york-will-adapt-money-transfer-rules-for-bitcoin.html

woohoo CCMF

Well, if "Shroomskit's Law" (all positive news about BTC precipitates a sell off) then we should see a further dip in the price Grin

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: Nemo1024 on February 12, 2014, 01:56:59 AM

Quote from: HairyMaclairy on February 11, 2014, 06:14:01 PM

Yay BFX down for me but still trading

I have limit orders set. I am better off just switching everything off and coming back tomorrow. My strategy is self executing and every time I fiddle with it during a market event I screw it up.

So I don't mind that I can't get to BFX

.

Sounds familiar! Cheesy

me too lol

Nemo1024

legendary

Activity: 1680

Merit: 1014

Quote from: HairyMaclairy on February 11, 2014, 06:14:01 PM

Yay BFX down for me but still trading

I have limit orders set. I am better off just switching everything off and coming back tomorrow. My strategy is self executing and every time I fiddle with it during a market event I screw it up.

So I don't mind that I can't get to BFX

.

Sounds familiar! Cheesy

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: windjc on February 12, 2014, 01:55:11 AM

Here is some good news:

http://www.bloomberg.com/news/2014-02-11/lawsky-says-new-york-will-adapt-money-transfer-rules-for-bitcoin.html

woohoo CCMF

windjc

legendary

Activity: 2156

Merit: 1070

Here is some good news:

http://www.bloomberg.com/news/2014-02-11/lawsky-says-new-york-will-adapt-money-transfer-rules-for-bitcoin.html

Davyd05

hero member

Activity: 574

Merit: 500

Adam I am so mad, I didn't dump fiat in cavirtex ..though I knew I should've all the cheaper coins are not going to be mine Sad

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: solex on February 12, 2014, 01:47:44 AM

Quote from: shmadz on February 12, 2014, 01:28:24 AM

Quote from: solex on February 11, 2014, 04:12:56 PM

Quote from: TERA on February 11, 2014, 04:05:47 PM

The way bitcoin trades has completely changed. There is this consistent amount of high volume buy orders and sell orders on the books on bitstamp and btce and all this buying for this huge amount of coins but the price doesn't go anywhere. If there was this much buying in November then the price would have gone to over 9000. When I watch BitcoinWisdom, I feel like I'm watching Litecoin.

Perhaps it is the side-effect of this from mid January (and they are now using stamp/btce not gox).

According to Navidan, almost 5% of eToro’s active user base (about 200,000 users) have open bitcoin positions at the moment. Users from South America, the UK and Germany are currently the top bitcoin traders.

http://www.coindesk.com/etoro-launches-bitcoin-trading-3-million-users/

still trying (failing) to catch up, but this excerpt from that article caught my attention.

"Orders for bitcoin on the site will be executed four times a day, which is more frequent than the daily order execution for equities on the platform."

Huh

what?

please tell me that this is not normal to wait for "daily order execution" when dealing with the legacy system. traders must be able to trade instantly, otherwise, it kinda sucks. why would you even sign up for that?

maybe I'm just not understanding what "daily order execution" means?

The "200,000" traders (if that number is to be believed) do not own any bitcoins on eToro. They can't deposit or withdraw. Their accounts are CFDs. They trade instantly with eToro.
eToro must hold BTC in order to be risk neutral for its own book. The daily order execution is eToro, as market-maker, buying and selling on a Bitcoin exchange to hedge the net long/short position of all the traders. They must have their own long-term prop fund to use as well.

thank you. I did not understand CFD's. Now I do. seems a decent gambling book. prudent to step up their execution schedule when dealing with bitcoin, though they might want to go at least hourly... bitcoin likes to move it move it.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: creekbore on February 12, 2014, 01:39:13 AM

Quote from: shmadz on February 12, 2014, 01:34:42 AM

Quote from: Clayce on February 12, 2014, 01:31:06 AM

The poll should have a "who gives a fuck.." vote..

It does.

In this thread "who gives a fuck..." is spelled HODL!!!!!!!!!!!!!!

LOL +1

hehehe, I always pick it, no matter what.

Listen, I play around on the exchanges and win or lose money, but in the long term bitcoin or something like it will either win or lose.

I don't like the kind of world we will be living in if an idea that becomes an open, distributed, de-centralized, ledger of account, that is audited in real time by millions of nodes world wide and cryptographically protected by more than 250 exaflops is built specifically to not let *anyone* control or corrupt it ...

If we allow an idea like that to become illegal, well then... "If you want a picture of the future, imagine a boot stamping on a human face — forever."

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: shmadz on February 12, 2014, 01:28:24 AM

Quote from: solex on February 11, 2014, 04:12:56 PM

Quote from: TERA on February 11, 2014, 04:05:47 PM

The way bitcoin trades has completely changed. There is this consistent amount of high volume buy orders and sell orders on the books on bitstamp and btce and all this buying for this huge amount of coins but the price doesn't go anywhere. If there was this much buying in November then the price would have gone to over 9000. When I watch BitcoinWisdom, I feel like I'm watching Litecoin.

Perhaps it is the side-effect of this from mid January (and they are now using stamp/btce not gox).

According to Navidan, almost 5% of eToro’s active user base (about 200,000 users) have open bitcoin positions at the moment. Users from South America, the UK and Germany are currently the top bitcoin traders.

http://www.coindesk.com/etoro-launches-bitcoin-trading-3-million-users/

still trying (failing) to catch up, but this excerpt from that article caught my attention.

"Orders for bitcoin on the site will be executed four times a day, which is more frequent than the daily order execution for equities on the platform."

Huh

what?

please tell me that this is not normal to wait for "daily order execution" when dealing with the legacy system. traders must be able to trade instantly, otherwise, it kinda sucks. why would you even sign up for that?

maybe I'm just not understanding what "daily order execution" means?

The "200,000" traders (if that number is to be believed) do not own any bitcoins on eToro. They can't deposit or withdraw. Their accounts are CFDs. They trade instantly with eToro.
eToro must hold BTC in order to be risk neutral for its own book. The daily order execution is eToro, as market-maker, buying and selling on a Bitcoin exchange to hedge the net long/short position of all the traders. They must have their own long-term prop fund to use as well.

creekbore

full member

Activity: 210

Merit: 100

Lazy, cynical and insolent since 1968

Quote from: shmadz on February 12, 2014, 01:34:42 AM

Quote from: Clayce on February 12, 2014, 01:31:06 AM

The poll should have a "who gives a fuck.." vote..

It does.

In this thread "who gives a fuck..." is spelled HODL!!!!!!!!!!!!!!

LOL +1

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: Clayce on February 12, 2014, 01:31:06 AM

The poll should have a "who gives a fuck.." vote..

It does.

In this thread "who gives a fuck..." is spelled HODL!!!!!!!!!!!!!!

SilverandBitcoins

full member

Activity: 187

Merit: 100

Are we talking burning train for a while, or train with wings?

Clayce

full member

Activity: 280

Merit: 100

The poll should have a "who gives a fuck.." vote..

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29802. (Read 26711388 times)