Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30161.

delphic

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Quote from: Vigil on January 26, 2014, 12:35:17 PM

Quote from: Erdogan on January 26, 2014, 12:13:34 PM

Quote from: Vigil on January 26, 2014, 12:00:13 PM

Do you all think that prevalent use of a protocol such as colored coins could make each bitcoin even more rare and thus drive up price beyond the theoretical future valuations we have predicted?

No this goes against the fungibility (one unit or piece must be perceived as equivalent to any other), the biggest risk to bitcoin ever. New developments in bitcoin like stealth addresses and coinjoin will remove this threat.

What? Colored coins create different assets from bitcoins. Meaning that a bitcoin can be representative of property - thus it won't be used as a currency, but held. Theoretically, this would make the monetary bitcoins more rare. Has nothing to do with eliminating fungibility.

Thinking more on that valuations of $80,000,000 we were tossing around the other day.

I imagine that, as the value is in the asset associated with a coloured bitcoin, rather than the bitcoin itself, a Satoshi would function just as well as a bitcoin for that purpose, to merely place a record on the blockchain.

aminorex

legendary

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Sine secretum non libertas

As is becoming usual, BFX is holding the price down. The linkage between stamp and bfx, once it finally became fluent, has done more to stabilize the price of bitcoin than any whale cabal could ever do. I think this might be the best example in economic history of how a low-friction swaps market can aid in price discovery.

JorgeStolfi

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Quote from: aminorex on January 26, 2014, 01:01:13 PM

Quote from: JorgeStolfi on January 26, 2014, 12:57:04 PM

The Coinbase volume is not available, neither at Bitcoinwisdom nor at Bitcoincharts.

Coinbase does ccy xchg via bitstamp.

Thanks!

aminorex

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Sine secretum non libertas

Quote from: JorgeStolfi on January 26, 2014, 12:57:04 PM

The Coinbase volume is not available, neither at Bitcoinwisdom nor at Bitcoincharts.

Coinbase does ccy xchg via bitstamp. Bitpay as well. Probably most layered service providers will be using bitstamp or bitfinex, because they are the only liquid exchanges in jurisdictions with semi-functioning rule of law.

I find it difficult to understand why churn numbers are interesting. You might discover some correlation to the series, I suppose. Now if you could separate inflow and outflow, it would become very interesting. You should talk to the fiatleak guy.

JorgeStolfi

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

! Thu ! Fri ! Sat ! Sun ! Mon ! Tue ! Wed ! Thu ! Fri ! Sat ! EXCHANGE ! 01/16 ! 01/17 ! 01/18 ! 01/19 ! 01/20 ! 01/21 ! 01/22 ! 01/23 ! 01/24 ! 01/25 ! Currencies considered BTC-e | 7.59 | 13.51 | 7.46 | 8.48 | 10.29 | 5.67 | 22.32 | 8.53 | 15.27 | 9.34 | USD,EUR,RUR MtGOX | 5.91 | 12.23 | 6.20 | 8.49 | 12.10 | 7.25 | 5.51 | 2.23 | 7.38 | 9.52 | USD,EUR,GBP,AUD,JPY Bitstamp | 8.22 | 17.11 | 5.49 | 8.42 | 6.97 | 7.67 | 8.31 | 7.40 | 15.78 | 8.70 | USD BitFinEx | 3.68 | 11.47 | 3.81 | 6.63 | 5.46 | 2.89 | 2.97 | 2.83 | 10.99 | 4.62 | USD Bitcoin.DE | 0.38 | 0.61 | 0.27 | 0.23 | 0.39 | 0.45 | 0.69 | 0.42 | 0.52 | 0.30 | EUR Kraken | 0.29 | 0.68 | 0.28 | 0.33 | 0.19 | 0.24 | 0.25 | 0.19 | 0.46 | 0.19 | EUR CaVirtEx | 0.26 | 0.31 | 0.01 | 0.09 | 0.22 | 0.23 | 0.15 | 0.17 | 0.41 | 0.33 | CAD CampBX | 0.12 | 0.16 | 0.04 | 0.04 | 0.10 | 0.09 | 0.05 | 0.08 | 0.13 | 0.04 | USD Crypto-Trade | 0.01 | 0.01 | . | . | 0.01 | 0.01 | . | 0.01 | 0.01 | . | USD SUBTOTAL | 26.46 | 56.09 | 23.56 | 32.71 | 35.73 | 24.50 | 40.25 | 21.86 | 50.95 | 33.04 | Huobi | 67.37 | 74.21 | 43.60 | 67.27 | 71.78 | 40.55 | 25.81 | 25.67 | 89.25 | 58.16 | CNY OKCoin | 24.82 | 32.28 | 25.31 | 24.52 | 21.00 | 17.31 | 15.88 | 16.50 | 34.01 | 26.33 | CNY BTC-China | 3.54 | 4.55 | 1.77 | 4.05 | 3.44 | 2.07 | 1.62 | 2.01 | 6.82 | 3.04 | CNY SUBTOTAL | 95.73 | 111.04 | 70.68 | 95.84 | 96.22 | 59.93 | 43.31 | 44.18 | 130.08 | 87.53 | TOTAL | 122.19 | 167.13 | 94.24 | 128.55 | 131.95 | 84.43 | 83.56 | 66.04 | 181.03 | 120.57 |

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. The BTC-e volumes now include retroactively also exchanges to EUR and RUR (together about 1 kBTC/day or less). Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

The Coinbase volume is not available, neither at Bitcoinwisdom nor at Bitcoincharts.

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".)

aminorex

legendary

Activity: 1596

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Sine secretum non libertas

Quote from: Vigil on January 26, 2014, 12:00:13 PM

Do you all think that prevalent use of a protocol such as colored coins could make each bitcoin even more rare and thus drive up price beyond the theoretical future valuations we have predicted?

Any coins destroyed become part of the reserve demand, reducing M. Some of the estimates you may be referring to already applied a large reserve demand factor to M. Some did not. The former are usually higher than the latter.

dedcoin

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Movement on Huobi is just insane, btc-e is paling in front.

byronbb

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HODL OR DIE

Quote from: Erdogan on January 26, 2014, 12:39:22 PM

Quote from: Vigil on January 26, 2014, 12:35:17 PM

What? Colored coins create different assets from bitcoins. Meaning that a bitcoin can be representative of property - thus it won't be used as a currency, but held. Theoretically, this would make the monetary bitcoins more rare. Has nothing to do with eliminating fungibility.

Perfect for dogecoin.

Interesting. There will be a lot of them lol....

aminorex

legendary

Activity: 1596

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Sine secretum non libertas

Quote from: TERA on January 26, 2014, 10:50:01 AM

Quote from: seleme on January 26, 2014, 10:40:12 AM

]No sweet, I'm looking at MACD right now. It's important.

I really need a bot Sad

Can't recommend it. They're not as warm to the touch.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: Vigil on January 26, 2014, 12:35:17 PM

What? Colored coins create different assets from bitcoins. Meaning that a bitcoin can be representative of property - thus it won't be used as a currency, but held. Theoretically, this would make the monetary bitcoins more rare. Has nothing to do with eliminating fungibility.

Perfect for dogecoin.

flynn

hero member

Activity: 728

Merit: 540

Quote from: Erdogan on January 26, 2014, 12:34:33 PM

Jesus, we are down 25 dollars from the weekly high, and everyone grabs their favorite antidepressant and goes to sleep.

Not needed; I just hodl.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: Erdogan on January 26, 2014, 12:13:34 PM

Quote from: Vigil on January 26, 2014, 12:00:13 PM

Do you all think that prevalent use of a protocol such as colored coins could make each bitcoin even more rare and thus drive up price beyond the theoretical future valuations we have predicted?

No this goes against the fungibility (one unit or piece must be perceived as equivalent to any other), the biggest risk to bitcoin ever. New developments in bitcoin like stealth addresses and coinjoin will remove this threat.

What? Colored coins create different assets from bitcoins. Meaning that a bitcoin can be representative of property - thus it won't be used as a currency, but held. Theoretically, this would make the monetary bitcoins more rare. Has nothing to do with eliminating fungibility.

Thinking more on that valuations of $80,000,000 we were tossing around the other day.

Erdogan

legendary

Activity: 1512

Merit: 1005

Jesus, we are down 25 dollars from the weekly high, and everyone grabs their favorite antidepressant and goes to sleep.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: wobber on January 26, 2014, 12:27:09 PM

I was ironic. I don't trust them.

New ATH on monday. This is serious, based on sentiment, feeling, antiintellectualism, willed ignorance.

wobber

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I was ironic. I don't trust them.

Erdogan

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Merit: 1005

Quote from: wobber on January 26, 2014, 12:18:05 PM

Quote from: Erdogan on January 26, 2014, 12:13:34 PM

Quote from: Vigil on January 26, 2014, 12:00:13 PM

Do you all think that prevalent use of a protocol such as colored coins could make each bitcoin even more rare and thus drive up price beyond the theoretical future valuations we have predicted?

No this goes against the fungibility (one unit or piece must be perceived as equivalent to any other), the biggest risk to bitcoin ever. New developments in bitcoin like stealth addresses and coinjoin will remove this threat.

What are colored coins and coinjoin / stealth addresses?

http://lmgtfy.com/?q=+colored+coins+and+coinjoin+%2F+stealth+addresses%3F

Erdogan

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Quote from: ?? on ??

Quote from: Erdogan on January 26, 2014, 11:34:18 AM

Quote from: TERA on January 26, 2014, 10:29:55 AM

Quote from: hd060053 on January 26, 2014, 10:25:18 AM

i am sure some of the whales have insider informations. Also, look at the huobi move, which has not a situation as gox.

This is exactly the sentiment that causes these panics. Everyone thinks there is some insider information and the more people that participate, the strong the feeling becomes. But in reality there is no information. More likely what happened is MtGox's 1D MACD crossed and all the heavy duty bots started buying, and then this massive movement caused all of the other markets to panic. I was watching - Huobi was following mtgox.

I am the only one with insider information. Can't say it all, but price is going up.

Erdogan: you had me for a moment. You should start a "Confirmed good news thread--no circle jerking, just FACTS!!!2"

Hehe, the fact part of the joke is, there is no insider information, because there are no insiders. We, the current adopters, are the illuminati, and we know based on our insights into money systems, that the value of bitcoin is going up. Time frame, actual value, random intermediate crashes, that is what this thread is about.

wobber

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Activity: 1064

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Quote from: Erdogan on January 26, 2014, 12:13:34 PM

Quote from: Vigil on January 26, 2014, 12:00:13 PM

Do you all think that prevalent use of a protocol such as colored coins could make each bitcoin even more rare and thus drive up price beyond the theoretical future valuations we have predicted?

No this goes against the fungibility (one unit or piece must be perceived as equivalent to any other), the biggest risk to bitcoin ever. New developments in bitcoin like stealth addresses and coinjoin will remove this threat.

What are colored coins and coinjoin / stealth addresses?

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: Vigil on January 26, 2014, 12:00:13 PM

Do you all think that prevalent use of a protocol such as colored coins could make each bitcoin even more rare and thus drive up price beyond the theoretical future valuations we have predicted?

No this goes against the fungibility (one unit or piece must be perceived as equivalent to any other), the biggest risk to bitcoin ever. New developments in bitcoin like stealth addresses and coinjoin will remove this threat.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: humanitee on January 26, 2014, 11:54:58 AM

Quote from: Erdogan on January 26, 2014, 11:34:18 AM

Quote from: TERA on January 26, 2014, 10:29:55 AM

Quote from: hd060053 on January 26, 2014, 10:25:18 AM

i am sure some of the whales have insider informations. Also, look at the huobi move, which has not a situation as gox.

This is exactly the sentiment that causes these panics. Everyone thinks there is some insider information and the more people that participate, the strong the feeling becomes. But in reality there is no information. More likely what happened is MtGox's 1D MACD crossed and all the heavy duty bots started buying, and then this massive movement caused all of the other markets to panic. I was watching - Huobi was following mtgox.

I am the only one with insider information. Can't say it all, but price is going up.

I am the only one with insider information. Can't say it all, but price is going down.

Can't argue, we will have to wait for The Thing. That what is.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30161. (Read 26712953 times)