Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32429.

octaft

sr. member

Activity: 476

Merit: 250

Quote from: ShroomsKit on August 15, 2013, 09:12:52 PM

I know you will come up with a bunch of excuses instead of admitting you're wrong.
But whatever.
http://bitcoinmagazine.com/bitpay-processes-5-million-in-march-eclipses-silk-road/
Keep in mind this is just from one merchant!

I might be mistaken, but couldn't a lot of that be because people were placing orders for ASIC miners at that time? I would be more interested in how they did in the months after the initial crash.

Chainsaw

hero member

Activity: 625

Merit: 501

x

I always thought it would be a neat statement to set my ask a few bucks above the spot price of gold. If enough people got behind such a movement, there'd be this bizarre, giant wall waaaaay out there.

People couldn't help but think about that future price. "How long til it gets there?" Planting those psychological seeds, for a more appropriate price point!

ChartBuddy

legendary

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Richy_T

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Quote from: Spaceman_Spiff on August 15, 2013, 08:11:23 PM

Quote from: MAbtc on August 15, 2013, 07:38:39 PM

It'll be a while before SR isn't the defining characteristic of the bitcoin "economy".

Imho, "gold 2.0" is more defining for the bitcoin "economy" than SR is.

Serial numbers are so last-year. I believe cutesy names are the current fashion. "Gold Chatty-Chipmunk" or somesuch.

Richy_T

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Quote from: ElectricMucus on August 15, 2013, 04:53:11 PM

lol, somebody is manipulating chartbuddy by synchronized adding/removing of orders. You see the ghostlines on bitcoinity though, each time the bid side gains the ask side shrinks and verse visa.
you might want to randomize the sample time Wink

Hmm. Maybe chartbuddy needs a tinfoil hat to go with the 3d glasses.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: MAbtc on August 15, 2013, 07:38:39 PM

Quote from: ShroomsKit on August 15, 2013, 06:54:05 PM

Quote from: ElectricMucus on August 15, 2013, 06:07:03 PM

Quote from: ShroomsKit on August 15, 2013, 05:59:20 PM

Quote from: variousbitcoins on August 15, 2013, 05:49:19 PM

http://video.foxnews.com/v/2609080779001/bitcoin-investigation-is-this-the-end-of-virtual-currency/?playlist_id=921261890001

Bullish or bearish?

Imagine every time someone mentions the dollar and then just has to say that it can be used to buy drugs and other illegal things.
I wish people would get over it. Yes you can buy drugs with Bitcoin. Just like you can with any other currency.
It's such a simple thing to understand. Why can't they?

Not all blacks hanging out for hours in public places are drug dealers either. Wink

It's just that, SR is the vast majority of the market there is no point in denying that.

I highly doubt that.
Maybe a year ago. Now far from.

Far from? So who are all these big name merchants that we're talking about? Are okcupid and wordpress bloating the chain now? Cheesy

It'll be a while before SR isn't the defining characteristic of the bitcoin "economy".

I know you will come up with a bunch of excuses instead of admitting you're wrong.
But whatever.
http://bitcoinmagazine.com/bitpay-processes-5-million-in-march-eclipses-silk-road/
Keep in mind this is just from one merchant!

DaSheep

member

Activity: 112

Merit: 10

Quote from: Walsoraj on August 15, 2013, 08:20:45 PM

what is the effect of this kind of bid-ask swapping?

I'm not sure it could either be just a really stupid bot with alot of coins or some kind of DOS.

It basically keeps the bid sum / ask sum ratio the same while filling the orderbook with "fake" orders.
Let's say the market starts trending down, which means people are creating more ask orders than bid orders,
now everytime someone places an ask order, i remove the same amount of coins from the ask side.
This would cause the orderbook to keep looking bullish while in fact it's quite bearish.

Or I could do the opposite and create fake orders everytime someone removes an ask order, the orderbook would look the same while in fact it's pretty thin on the ask side.. If i'd want to do a whale buy I could pull all my fake ask orders and I'd just have to buy the little rest of "real" ask orders.

This would require alot of coins though and I'm still not sure if I believe there's someone messing around with >$3m.

Quote from: MAbtc on August 15, 2013, 08:40:33 PM

Quote from: Spaceman_Spiff on August 15, 2013, 08:11:23 PM

Imho, "gold 2.0" is more defining for the bitcoin "economy" than SR is.

what does that even mean

Gold that's more golden than regular gold.

ChartBuddy

legendary

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MAbtc

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Quote from: Spaceman_Spiff on August 15, 2013, 08:11:23 PM

Quote from: MAbtc on August 15, 2013, 07:38:39 PM

It'll be a while before SR isn't the defining characteristic of the bitcoin "economy".

Imho, "gold 2.0" is more defining for the bitcoin "economy" than SR is.

what does that even mean

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

what is the effect of this kind of bid-ask swapping?

Spaceman_Spiff

legendary

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₪``Campaign Manager´´₪

Quote from: MAbtc on August 15, 2013, 07:38:39 PM

It'll be a while before SR isn't the defining characteristic of the bitcoin "economy".

Imho, "gold 2.0" is more defining for the bitcoin "economy" than SR is.

DaSheep

member

Activity: 112

Merit: 10

Quote from: ElectricMucus on August 15, 2013, 04:53:11 PM

lol, somebody is manipulating chartbuddy by synchronized adding/removing of orders. You see the ghostlines on bitcoinity though, each time the bid side gains the ask side shrinks and verse visa.
you might want to randomize the sample time Wink

i just looked at my depth logs and I think you're right:

Code:

13-08-16 02:01:01 bid 0.01867759 @ 103.6295
13-08-16 02:01:02 bid -0.01867759 @ 103.6295
13-08-16 02:01:02 bid 2.46089951 @ 106.0557
13-08-16 02:01:03 bid -2.46089951 @ 106.0557
13-08-16 02:01:04 bid -10.96890249 @ 109.1001
13-08-16 02:01:04 bid 10.96890246 @ 109.1001
13-08-16 02:01:04 ask 0.26747649 @ 111.2457
13-08-16 02:01:05 ask -0.26747649 @ 111.2457
13-08-16 02:01:15 ask 0.57404575 @ 112.1120
13-08-16 02:01:16 ask -0.57404575 @ 112.1120
13-08-16 02:01:18 bid 2.44486211 @ 106.0606
13-08-16 02:01:19 bid -2.44486211 @ 106.0606

There are hundreds of them just in the last hour..
So, dafuq is going on?

ChartBuddy

legendary

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MAbtc

hero member

Activity: 826

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Quote from: ShroomsKit on August 15, 2013, 06:54:05 PM

Quote from: ElectricMucus on August 15, 2013, 06:07:03 PM

Quote from: ShroomsKit on August 15, 2013, 05:59:20 PM

Quote from: variousbitcoins on August 15, 2013, 05:49:19 PM

http://video.foxnews.com/v/2609080779001/bitcoin-investigation-is-this-the-end-of-virtual-currency/?playlist_id=921261890001

Bullish or bearish?

Imagine every time someone mentions the dollar and then just has to say that it can be used to buy drugs and other illegal things.
I wish people would get over it. Yes you can buy drugs with Bitcoin. Just like you can with any other currency.
It's such a simple thing to understand. Why can't they?

Not all blacks hanging out for hours in public places are drug dealers either. Wink

It's just that, SR is the vast majority of the market there is no point in denying that.

I highly doubt that.
Maybe a year ago. Now far from.

Far from? So who are all these big name merchants that we're talking about? Are okcupid and wordpress bloating the chain now? Cheesy

It'll be a while before SR isn't the defining characteristic of the bitcoin "economy".

Cablez

legendary

Activity: 1400

Merit: 1000

I owe my soul to the Bitcoin code...

Quote from: notme on August 15, 2013, 06:44:14 PM

Quote from: wachtwoord on August 15, 2013, 06:39:46 PM

http://skinnyreporter.com/obamagoldban.html

No date, no number for the Executive Order... I call B.S.

Dude, did you actually read it?.......come on. lol

ChartBuddy

legendary

Activity: 2324

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Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: variousbitcoins on August 15, 2013, 06:44:43 PM

But that is the beauty of Bitcoin, as the world moves away from this uni-polar (US dominated world) towards a bi-polar (China), and hopefully multi-polar (if the EU gets their shit together) power structures, the US axing axing Bitcoin would be a severe blow, but not a fatal one.
This is how TPB survived, even after people were being punished in the US for downloading torrents.

This convo isn't about the "beauty" of Bitcoin or the rest of the world. It's in reference to the Fox story which is about America and with no USD flowing to Bitcoin, it's virtually dead in the US. Point being, that is not a false statement. More to your point, from my view a US dominated world is here to stay for quite a long time. Things go bad for the US, they go bad for everyone. Especially China.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: ElectricMucus on August 15, 2013, 06:07:03 PM

Quote from: ShroomsKit on August 15, 2013, 05:59:20 PM

Quote from: variousbitcoins on August 15, 2013, 05:49:19 PM

http://video.foxnews.com/v/2609080779001/bitcoin-investigation-is-this-the-end-of-virtual-currency/?playlist_id=921261890001

Bullish or bearish?

Imagine every time someone mentions the dollar and then just has to say that it can be used to buy drugs and other illegal things.
I wish people would get over it. Yes you can buy drugs with Bitcoin. Just like you can with any other currency.
It's such a simple thing to understand. Why can't they?

Not all blacks hanging out for hours in public places are drug dealers either. Wink

It's just that, SR is the vast majority of the market there is no point in denying that.

I highly doubt that.
Maybe a year ago. Now far from.

variousbitcoins

newbie

Activity: 26

Merit: 0

Quote from: Coinseeker on August 15, 2013, 06:30:16 PM

Quote from: rebuilder on August 15, 2013, 06:12:25 PM

Quote from: variousbitcoins on August 15, 2013, 05:49:19 PM

http://video.foxnews.com/v/2609080779001/bitcoin-investigation-is-this-the-end-of-virtual-currency/?playlist_id=921261890001

Bullish or bearish?

Wouldn't know which, but they talk about how the government will obviously get involved, even "shut it down", but don't mention any way that could actually be done. They just assume since government has power in their own domain, they have as much power elsewhere. I wonder how long it'll take for this bunch to start talking about that.

That's because they know that like anything that deals in monetary value, all you have to do is stop the flow of money to it. For instance, you don't actually have to prevent poker websites from being built and launched, you just need to prevent the flow of money to and from them. Same with Bitcoin, if you can't move USD to and from it, it's virtually useless. At least to Americans anyway, which is who Fox would be referring to. What the rest of the world does is irrelevant.

But that is the beauty of Bitcoin, as the world moves away from this uni-polar (US dominated world) towards a bi-polar (China), and hopefully multi-polar (if the EU gets their shit together) power structures, the US axing axing Bitcoin would be a severe blow, but not a fatal one.
This is how TPB survived, even after people were being punished in the US for downloading torrents.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: wachtwoord on August 15, 2013, 06:39:46 PM

http://skinnyreporter.com/obamagoldban.html

No date, no number for the Executive Order... I call B.S.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32429. (Read 26470871 times)