Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32225. (Read 26473646 times)
October 07, 2013, 04:02:37 AM
October 07, 2013, 03:13:04 AM
I don't get the purpose of this thread anymore. Gox has become completely irrelevant. It is merely a slave to bitstamp. There is no fiat entering or exiting this exchange - it's merely a game of bots and traders who bet against eachother on price movements - which originate on Bitstamp. Bitstamp is where the fiat flows in an out of the btc economy now.
Who told you that money can't be withdrawn from gox? October 07, 2013, 02:15:04 AM
Only need a 33k sell to be pushing a new low... 
ATM bid and ask is slightly worse than the pre-crash, but a market order to the low 140's would fix that, as long as there is $$$ to fill the bids in.
Quite surprising how quickly it all went.
Questionable. Its really hard to say anything until withdrawal issues are fixed.
Bistamp/BTC-E/etc. cant really separate fully from Gox because people wont sell for [Well, currently wont sell for...] less than ~$25 from Gox price. And it makes sense for it to be that way. If I could sell on bitstamp for $5 under Gox I would. But I cant. Others are willing to take bigger hits. But few would take less than 20% loss, preventing more separation.
Plus, like others said, the whole ordeal was just people hoping to buy back lower.
ATM bid and ask is slightly worse than the pre-crash, but a market order to the low 140's would fix that, as long as there is $$$ to fill the bids in.
Quite surprising how quickly it all went.
On topic. The rapid recovery from the SR news shows massive support in the market for the $130-140 level on mtgox ($120-125 on bitstamp).
Questionable. Its really hard to say anything until withdrawal issues are fixed.
Bistamp/BTC-E/etc. cant really separate fully from Gox because people wont sell for [Well, currently wont sell for...] less than ~$25 from Gox price. And it makes sense for it to be that way. If I could sell on bitstamp for $5 under Gox I would. But I cant. Others are willing to take bigger hits. But few would take less than 20% loss, preventing more separation.
Plus, like others said, the whole ordeal was just people hoping to buy back lower.
October 07, 2013, 01:45:11 AM
I don't get the purpose of this thread anymore. Gox has become completely irrelevant. It is merely a slave to bitstamp. There is no fiat entering or exiting this exchange - it's merely a game of bots and traders who bet against eachother on price movements - which originate on Bitstamp. Bitstamp is where the fiat flows in an out of the btc economy now.
Bitstamp also doesn't have as much volume. So that says something.
I think bitstamp's volume is real volume (people entering and leaving btc) whereas gox's volume is bots and traders that trade the same coins back and forth all day a dozen times. So the differences in volume may not have as much meaning as it seems.
October 07, 2013, 01:34:13 AM
I don't get the purpose of this thread anymore. Gox has become completely irrelevant. It is merely a slave to bitstamp. There is no fiat entering or exiting this exchange - it's merely a game of bots and traders who bet against eachother on price movements - which originate on Bitstamp. Bitstamp is where the fiat flows in an out of the btc economy now.
That is only the perspective you have gained after being off bitcointalk for several days.
Now that bitcointalk is back up and we can log on constantly all day to check for updates every 10 minutes, the purpose of this thread will become clear to you again.
October 07, 2013, 01:31:04 AM
I don't get the purpose of this thread anymore. Gox has become completely irrelevant. It is merely a slave to bitstamp. There is no fiat entering or exiting this exchange - it's merely a game of bots and traders who bet against eachother on price movements - which originate on Bitstamp. Bitstamp is where the fiat flows in an out of the btc economy now.
Bitstamp also doesn't have as much volume. So that says something.
October 07, 2013, 01:04:51 AM
I don't get the purpose of this thread anymore. Gox has become completely irrelevant. It is merely a slave to bitstamp. There is no fiat entering or exiting this exchange - it's merely a game of bots and traders who bet against eachother on price movements - which originate on Bitstamp. Bitstamp is where the fiat flows in an out of the btc economy now.
October 07, 2013, 12:36:00 AM
On topic. The rapid recovery from the SR news shows massive support in the market for the $130-140 level on mtgox ($120-125 on bitstamp).
I'll be impressed when I finally see us break $145. Is there any way of putting a stop order on coinbase?
October 07, 2013, 12:33:05 AM
On topic. The rapid recovery from the SR news shows massive support in the market for the $130-140 level on mtgox ($120-125 on bitstamp).
October 07, 2013, 12:17:05 AM
Go change your bitcointalk passwords just in case.
October 07, 2013, 12:06:56 AM
Welcome back guys...
Finally
Also, there is no thymos. It's Thermos (from now on).
Finally
Also, there is no thymos. It's Thermos (from now on).
October 07, 2013, 12:04:43 AM
To remind future historians where this historical thread left off:
-> Silk road was just shut down
-> Bitcoin forum was hacked and trolled, theymos, henceforth to be known as thermos, brought entire forum down to maintain its security.
-> Huge news coverage for Bitcoin due to silk road shutdown.
-> Bitcoin regained basically all losses from the silk road debacle within a few days after its shutdown.
-> BIP 70 is a thing (why SSL, god, why???)
-> Silk road was just shut down
-> Bitcoin forum was hacked and trolled, theymos, henceforth to be known as thermos, brought entire forum down to maintain its security.
-> Huge news coverage for Bitcoin due to silk road shutdown.
-> Bitcoin regained basically all losses from the silk road debacle within a few days after its shutdown.
-> BIP 70 is a thing (why SSL, god, why???)
October 07, 2013, 12:00:03 AM
Firsttopostonthisthreadsinceforumcamebackup October 02, 2013, 08:29:06 PM
Is the great panic sale of our time over?
October 02, 2013, 08:15:09 PM
If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.
thats odd. there was no lag for me (or anyone else?) today. i have executed 14 orders so far over the last 8 hrs
Really? Then I missed some nice action. Bitcoinity intermittently showed Gox as 4 - 5 minutes lag.
Bitcoincharts has been also malfunctioning, which drives me 'half blind'.
yes you did. and you should likely not use these things then.
October 02, 2013, 08:08:04 PM
Just woke from a nap because of being road worry (read tired), hoping that today's drop was just a dream. But, since it ain't, I guess I might as well weigh in at the expense that what I have to pen has already been pennith.
I'm thinkin' the market may have been manipulated, taking advantage of the SR situation. Either I'm a genius, or this has already been addressed. That said, can anybody here help a fellow genius out in figuring out why my computer and phone clocks both are still displaying CST though I'm now in Atlanta?
I'm thinkin' the market may have been manipulated, taking advantage of the SR situation. Either I'm a genius, or this has already been addressed. That said, can anybody here help a fellow genius out in figuring out why my computer and phone clocks both are still displaying CST though I'm now in Atlanta?
October 02, 2013, 08:01:47 PM
October 02, 2013, 07:40:08 PM
If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.
thats odd. there was no lag for me (or anyone else?) today. i have executed 14 orders so far over the last 8 hrs
Really? Then I missed some nice action. Bitcoinity intermittently showed Gox as 4 - 5 minutes lag.
Bitcoincharts has been also malfunctioning, which drives me 'half blind'.
October 02, 2013, 07:38:57 PM
October 02, 2013, 07:36:43 PM
If we hit 110$ once, we can hit that low again. I hope Gox won't lag anymore, so I can trade without worrying about my order being 5 min late.
thats odd. there was no lag for me (or anyone else?) today. i have executed 14 orders so far over the last 8 hrs
Really? Then I missed some nice action. Bitcoinity intermittently showed Gox as 4 - 5 minutes lag.
Bitcoincharts has been also malfunctioning, which drives me 'half blind'.
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