Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29832.

shmadz

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@theshmadz

OK, I have to admit, I sometimes feel the panic of lack of trust in the exchanges, so I decided to do a test withdrawl (some one many pages ago posted that they couldn't withdraw from btc-e, so I tested my exchange with a small withdrawl...

is that not the same shit that Gox was talking about?

this is the first time I have ever had a non-confirmed transaction, even during the fork last year... (I think it was last year?)

I still got my bitcoin, which at least gives me confidence that Virtex's system can account for these TX id's being changed, but is this transaction mixing going to become a real problem? and just how hard would it be to fix it?

sorry for serious question.

hmmmstrange

hero member

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Quote from: JorgeStolfi on February 10, 2014, 10:37:03 PM

Because of the "Karpeles crash", volume today (Mon Feb/10 UTC) was very high in general, comparable to that of last Friday Feb/04, when the banks reopened in China.

Think you could remove gox from your reports?

Davyd05

hero member

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Quote from: hyphymikey on February 10, 2014, 11:03:42 PM

Quote from: Vigil on February 10, 2014, 10:51:54 PM

Anyone want to fulfill this thread's purpose and provide some insight as to where we are headed?

I'm no pro but…

I think we are at the top of a bounce from the crash. So a slow decline, maybe 50-75USD over the next 24-48 hours as speculators wait to see the full affect of public perception of this news before making big moves. But by the end of the week bitstamp should be back around 800, gox 680.

depends on how we treat this wall at 720 Cheesy

anyone who sold above 800+ could steal re join feeling safer at this point...but who knows we just gotta wait and see.

exponential

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Activity: 94

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Quote from: hyphymikey on February 10, 2014, 11:03:42 PM

Quote from: Vigil on February 10, 2014, 10:51:54 PM

Anyone want to fulfill this thread's purpose and provide some insight as to where we are headed?

I'm no pro but…

I think we are at the top of a bounce from the crash. So a slow decline, maybe 50-75USD over the next 24-48 hours as speculators wait to see the full affect of public perception of this news before making big moves. But by the end of the week bitstamp should be back around 800, gox 680.

I really hope thats what happens. I'm in it for the long haul but it still hurts to see it go down.

hyphymikey

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Activity: 784

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Quote from: Vigil on February 10, 2014, 10:51:54 PM

Anyone want to fulfill this thread's purpose and provide some insight as to where we are headed?

I'm no pro but…

I think we are at the top of a bounce from the crash. So a slow decline, maybe 50-75USD over the next 24-48 hours as speculators wait to see the full affect of public perception of this news before making big moves. But by the end of the week bitstamp should be back around 800, gox 680.

surfer43

sr. member

Activity: 560

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"Trading Platform of The Future!"

Quote from: ?? on ??

Done with Gox
Explanation

hell yeah

Add more besides bitstamp now Tongue

Davyd05

hero member

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Jorge imo the recovery is going to be thinner in volume relatively at least. The flash crashes wipes out the Fiat on all the 50/50 btc/fiat accounts as they are getting their limit orders filled.

When someone is selling for fiat another person generally a stronger hand is buying those coins, combined with the fact we've had support on all these flash crashes during a time of high FUD surrounding gox might start to re inspire some of those less certain about the Future. My friend is still waiting on his 400 price point to get in, I told him your welcome to wait but have the cash set on limit orders if you expect to ever get first come first serve status on those.

adamstgBit

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Trusted Bitcoiner

Quote from: ShroomsKit on February 10, 2014, 10:58:19 PM

Quote from: mb300sd on February 10, 2014, 08:40:51 PM

annnnd we're back where we were yesterday. This might have actually been a good thing, weak hands definitely shaken.

For every weak hand that has been shaken another new weak hand bought coins. After every crash, big or small, i have to read how the weak hands are shaken. There would've been no weak hands left by now. It's nonsense.

i like to think i'm a strong hand, and guess what, i had bids fill few days ago, yesterday, today and i expect more filled tomorrow.

Wink

ShroomsKit

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Quote from: mb300sd on February 10, 2014, 08:40:51 PM

annnnd we're back where we were yesterday. This might have actually been a good thing, weak hands definitely shaken.

For every weak hand that has been shaken another new weak hand bought coins. After every crash, big or small, i have to read how the weak hands are shaken. There would've been no weak hands left by now. It's nonsense.

shmadz

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Activity: 1512

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@theshmadz

Quote from: Vigil on February 10, 2014, 10:51:54 PM

Anyone want to fulfill this thread's purpose and provide some insight as to where we are headed?

UP

*eventually*

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: rocks on February 10, 2014, 02:22:30 PM

Quote from: Rampion on February 10, 2014, 01:10:47 PM

Quote from: prof7bit on February 10, 2014, 01:08:41 PM

Quote from: MAbtc on February 10, 2014, 01:04:05 PM

I am talking about leveraged longs. BTC-E is a leverage trading platform via Meta Trader. Pretty sure this was a string of forced liquidations.

They should not allow monstrous leveraged positions to be build up that are larger than their own thin order book, this is just insane.

Exactly.

Insane, definitely yes.

But it does not matter to us hodlers.

In the central bank fiat world such a blow up causes them to print more fiat which negatively hurts me the prudent saver by lowering the value of my fiat.

In the bitcoin world such a blow up only causes BTC-E and their customers to lose money, while prudent savers are left untouched with the exact same BTC as they started with.

Agreed. You wanna talk insane? the central bank financing system is insane.

Centralized systems are coming to an end. they have become unnecessary in the advent of the internet. the publicly audited, distributed, de-centralized accounting system now known as a "block-chain" is simply one more tool in the hands of the many that will help take back the power from the few.

Vigil

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Anyone want to fulfill this thread's purpose and provide some insight as to where we are headed?

JorgeStolfi

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Because of the "Karpeles crash", volume today (Mon Feb/10 UTC) was very high in general, comparable to that of last Friday Feb/04, when the banks reopened in China.

As on Friday, Chinese and non-Chinese exchanges were almost tied at ~220 kBTC.

Outside China, Bitstamp led with 72 kBTC followed by MtGOX at 50 kBTC.

Thanks to the crash, BTC-China had 18 kBTC of trade today; but otherwise seemed rather dead as usual.

JorgeStolfi

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Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):

! Fri ! Sat ! Sun ! Mon ! Tue ! Wed ! Thu ! Fri ! Sat ! Sun ! Mon ! EXCHANGE ! 01/31 ! 02/01 ! 02/02 ! 02/03 ! 02/04 ! 02/05 ! 02/06 ! 02/07 ! 02/08 ! 02/09 ! 02/10 ! Currencies considered MtGOX | 4.45 | 5.13 | 2.28 | 3.37 | 5.40 | 8.20 | 21.54 | 58.89 | 26.82 | 23.48 | 50.07 | USD,EUR,GBP,AUD,JPY BTC-e | 4.65 | 6.30 | 4.74 | 5.75 | 4.51 | 6.55 | 9.72 | 31.84 | 11.67 | 12.51 | 47.04 | USD,EUR,RUR Bitstamp | 7.73 | 8.30 | 4.07 | 4.93 | 7.59 | 8.48 | 20.65 | 42.79 | 13.50 | 15.06 | 71.86 | USD BitFinEx | 3.91 | 4.54 | 3.15 | 3.45 | 3.36 | 5.22 | 21.11 | 66.36 | 11.12 | 12.07 | 41.98 | USD Bitcoin.DE | 0.35 | 0.33 | 0.35 | 0.51 | 0.27 | 0.31 | 0.61 | 1.30 | 0.37 | 0.47 | 1.54 | EUR Kraken | 0.20 | 0.23 | 0.15 | 0.21 | 0.29 | 0.23 | 0.59 | 1.45 | 0.37 | 0.45 | 1.45 | EUR CampBX | 0.05 | 0.23 | 0.16 | 0.10 | 0.12 | 0.16 | 0.21 | 0.82 | 0.27 | 0.24 | 0.37 | USD CaVirtEx | 0.24 | 0.24 | 0.20 | 0.08 | 0.17 | 0.18 | 0.39 | 1.07 | 0.57 | 0.23 | 0.77 | CAD SUBTOTAL | 21.58 | 25.30 | 15.10 | 18.40 | 21.71 | 29.33 | 74.82 | 204.52 | 64.69 | 64.51 | 215.08 | Huobi | 15.26 | 28.86 | 26.27 | 24.77 | 18.65 | 19.55 | 39.97 | 131.91 | 77.00 | 64.08 | 134.09 | CNY OKCoin | 17.11 | 20.38 | 20.00 | 18.09 | 12.77 | 12.33 | 26.07 | 74.37 | 37.63 | 34.63 | 70.49 | CNY BTC-China | 1.17 | 2.31 | 2.21 | 1.70 | 1.33 | 1.54 | 4.09 | 17.66 | 6.86 | 5.75 | 18.23 | CNY SUBTOTAL | 33.54 | 51.55 | 48.48 | 44.56 | 32.75 | 33.42 | 70.13 | 223.94 | 121.49 | 104.46 | 222.81 | TOTAL | 55.12 | 76.85 | 63.58 | 62.96 | 54.46 | 62.75 | 144.95 | 428.46 | 186.18 | 168.97 | 437.89 |

All numbers were collected by hand from the site http://bitcoinwisdom.com. Beware of possible errors.

For each exchange, the numbers include only the trade volume to/from the currencies listed in the rightmost column. Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

Coinbase is said to use Bitstamp for currency conversion.

Dates on the header line are UTC. Specifically, "01/15" means "from 01/15 00:00:00 UTC to 01/15 23:59:59 UTC". (Beware that Bitcoinwisdom uses your local time, so the date may appear to be off by 1 day. For example, if you are 2 hours west of Greenwich, it may show "01/14 22:00" when the UTC time is "01/15 00:00".)

The exchange Crypto-Trade was dropped today from Bitcoinwisdom's charts. Its volume used to be around 10 BTC/day.

keithers

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This is the land of wolves now & you're not a wolf

The only coins you should be leaving on the exhange are the ones you plan on trading.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: Vigil on February 10, 2014, 08:28:40 PM

Quote from: billyjoeallen on February 10, 2014, 08:13:37 PM

Quote from: dgarcia on February 10, 2014, 08:06:13 PM

Quote from: billyjoeallen on February 10, 2014, 07:59:45 PM

That was the bottom of the bear market. I've seen it several times before and that's what it looked like. You can quote me on that.

LOL. All big dumps from here on out will be profit taking and not people cutting their losses. The weak hands lost their grip and gave us their coins. We're coming out of the valley and onto the plains, building up speed for the next mountain range.

There haven't been any cheap coins if you are trying to purchase from Coinbase. They are still at $700 aside from the 5 minutes this early morning (Eastern Time) when they went down.

I feel this pain, I have a 636 bid on virtex that also went unsatisfied. Why must you risk your money at less reputable exchanges in order to reap the proverbial "quick buck"?

Oh wait...

adamstgBit

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Trusted Bitcoiner

Quote from: JorgeStolfi on February 10, 2014, 10:08:56 PM

Quote from: bassclef on February 10, 2014, 09:44:18 PM

life will go on without Gox. Just look at the price difference now.

So, when are you buying in? Cool

Well, which exchange do you think will be the next MtGOX? Do you recommend that I donate my money to the very shy owners of Bitstamp https://www.bitstamp.net/about_us/ , to the brilliant but anonymous hackers of Bitfinex https://www.bitfinex.com/, to the faceless and stateless Alex[a-z]*s of BTC-e http://www.coindesk.com/btc-e-recent-issues-caused-surge-users/, ... Wink

which ever one...

buy, withdraw to a cold storage device, and wait for the future.

hyphymikey

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Might as well shotr at 709

JorgeStolfi

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Quote from: bassclef on February 10, 2014, 09:44:18 PM

life will go on without Gox. Just look at the price difference now.

So, when are you buying in? Cool

Well, which exchange do you think will be the next MtGOX? Do you recommend that I donate my money to the very shy owners of Bitstamp https://www.bitstamp.net/about_us/ , to the brilliant but anonymous hackers of Bitfinex https://www.bitfinex.com/, to the faceless and stateless Alex[a-z]*s of BTC-e http://www.coindesk.com/btc-e-recent-issues-caused-surge-users/, ... Wink

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Done with Gox
Explanation

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29832. (Read 26710720 times)