Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32634. (Read 26630670 times)
September 05, 2013, 12:20:14 PM
I'm not sure why people believe that Gox is going bust though. 0.6% of every transaction from both parties has to add up to a small mountain of cash/BTC, definitely more than they could ever have made from Magic the Gathering cards, that's for sure. They may have lost a lot of cash with the Dwolla incident but I'd expect that they can afford it.
September 05, 2013, 12:11:30 PM
what do you all make of this dead cat bounce, are we going down again or up?
The whole downturn was triggered by two 5k-6k dumps while the climb back up was accomplished through many small trades on moderate volume.
I think it's too early to call it either a dead cat bounce or a bear trap.
September 05, 2013, 12:06:17 PM
When I got the voicemail that was my first concern. I assumed this was a follow up to the locking oft PayPal account and funds being held. I called my friend who introduced me to PayPal in late 2011. I told him that I didn't know if I felt comfortable with making a call like this to discuss a matter that had been settled. He said a call wouldn't hurt.
What do you mean by that? That you didn't know what paypal is before late 2011? Or?
I don't know, edccdn.com registered privately at godaddy, 2 links in, alexa rank 18.000.000 with 3 recipes and a biotcoin article.
Can somebody from US please call them or at least ask at facebook or twitter.
Haha typo I meant Bitcoin!
September 05, 2013, 12:01:58 PM
September 05, 2013, 11:55:50 AM
I bet gox is in this. They are trading in their own exchange for max short term profit, because they are in deep shit with our fucked up regulations.
September 05, 2013, 11:46:20 AM
what do you all make of this dead cat bounce, are we going down again or up?
The whole downturn was triggered by two 5k-6k dumps while the climb back up was accomplished through many small trades on moderate volume.
I think it's too early to call it either a dead cat bounce or a bear trap.
I believe this is essentially correct. A big part of me wonders why a whale would suddenly want to sell so much on Gox. Either they're comfortable sitting with the site long term, or they got an inside deal on the withdrawal track, or they just got antsy with 3 days of plateau. The reality is, many people are still sitting in Gox while it acts out (what could potentially be) a swan song. Over time, I doubt many traders will be comfortable with sitting in fiat there.
TL;DR - as long as the fiat withdrawal situation is unresolved, there will be tremendous bitcoin buy pressure born of frustration. The real danger is when it bubbles over a price point where people think it can't be comfortably sustained.
September 05, 2013, 11:37:08 AM
Not that it matters, but to be clear, I am a Critical Marxist.
Which means I don't play fair.
Taking into account that, among other many things, the very meaning of the world capitalism (=private ownership of means of production) was defined by Marx in "The Capital", its simply a shame that almost nobody under 50 has read that work. You really cannot understand the history of the last 200 years without having read it.
I have read it.
And Marxism, and Capitalism have moved on.
So... You are a capitalist marxist? Wow, that would be a nice evolution indeed
In the best tradition of Milton Friedman. The grand architect of modern central planning.
Wow, I could write 10 posts about this, but lets respect the other folks as this is heavily OT. We should start a thread perhaps. Let me just tell you that Marx would probably profoundly despise Friedman (and all New Keynesianism, BTW) if he'd be alive. You just cannot believe in a "better" or "heathy" capitalism if you think Marx's analysis is correct. And its a matter of fact that nobody did such a big favor to capitalism as New Keynesianists like Friedman.
Back on topic: I really cannot see where the market is going ATM. Until Gox solves his problems, the spread between exchanges goes back to normal, and people can normally receive their fiat, any kind of technical analysis is just pointless IMO.
September 05, 2013, 11:36:29 AM
what do you all make of this dead cat bounce, are we going down again or up?
The whole downturn was triggered by two 5k-6k dumps while the climb back up was accomplished through many small trades on moderate volume.
I think it's too early to call it either a dead cat bounce or a bear trap.
September 05, 2013, 11:30:36 AM
I don't know "edccdn" could easily be "Ebay Deals Co, Content Delivery Network". Registered godaddy, located in usa.
And on the site, we also have:
http://edccdn.com/tabletdebate/
http://www.edccdn.com/thanksgiving/gt/gourmetthanksgiving.html
http://www.edccdn.com/craftyholiday/
Its just too eclectic -- just like it would be if it was a dumping ground for media associated with a blog. But of course this is just a blog -- it is implicitly the opinion of the blog author and not really representative. So I don't think its fake (in the sense that it won't get anyone fired at ebay deals) I just think its probably just a semi-internal drop-box type site. And best case, it just says that a few people in a very large company are interested in bitcoin.
In case nobody checked out yet, edccdn.com resolves to an IP owned by secureserver.net
Code:
$ host edccdn.com
edccdn.com has address 50.62.68.1
$ host 50.62.68.1
1.68.62.50.in-addr.arpa domain name pointer p3nlhg464c1464.shr.prod.phx3.secureserver.net
edccdn.com has address 50.62.68.1
$ host 50.62.68.1
1.68.62.50.in-addr.arpa domain name pointer p3nlhg464c1464.shr.prod.phx3.secureserver.net
That doesn't look very ebay-ish to me...
September 05, 2013, 11:29:04 AM
Not that it matters, but to be clear, I am a Critical Marxist.
Which means I don't play fair.
Taking into account that, among other many things, the very meaning of the world capitalism (=private ownership of means of production) was defined by Marx in "The Capital", its simply a shame that almost nobody under 50 has read that work. You really cannot understand the history of the last 200 years without having read it.
Am under 50 and read it, but would recommend Carl Menger over Karl Marx for purposes of understanding.
Though both is better.
September 05, 2013, 11:28:34 AM
If Marx were alive today, he would be forced to admit that the proletariat turned out to be a bunch of pussies who relish alienating labor.
September 05, 2013, 11:27:47 AM
let's get back on topic rather then mere speculation about paypal using bitcoin
what do you all make of this dead cat bounce, are we going down again or up?
what do you all make of this dead cat bounce, are we going down again or up?
big sales on bitstamp.
no depth, someone tried to pump the price.
I would say down.
September 05, 2013, 11:25:09 AM
let's get back on topic rather then mere speculation about paypal using bitcoin
what do you all make of this dead cat bounce, are we going down again or up?
what do you all make of this dead cat bounce, are we going down again or up?
September 05, 2013, 11:20:10 AM
When I got the voicemail that was my first concern. I assumed this was a follow up to the locking oft PayPal account and funds being held. I called my friend who introduced me to PayPal in late 2011. I told him that I didn't know if I felt comfortable with making a call like this to discuss a matter that had been settled. He said a call wouldn't hurt.
What do you mean by that? That you didn't know what paypal is before late 2011? Or?
I don't know, edccdn.com registered privately at godaddy, 2 links in, alexa rank 18.000.000 with 3 recipes and a biotcoin article.
Can somebody from US please call them or at least ask at facebook or twitter.
September 05, 2013, 11:13:38 AM
Not that it matters, but to be clear, I am a Critical Marxist.
Which means I don't play fair.
Taking into account that, among other many things, the very meaning of the world capitalism (=private ownership of means of production) was defined by Marx in "The Capital", its simply a shame that almost nobody under 50 has read that work. You really cannot understand the history of the last 200 years without having read it.
I have read it.
And Marxism, and Capitalism have moved on.
So... You are a capitalist marxist? Wow, that would be a nice evolution indeed
September 05, 2013, 11:10:48 AM
September 05, 2013, 11:10:20 AM
quite exactly, and fuck OT, everyone must have watched this at least once:
Living Utopia (The Anarchists & The Spanish Revolution)
Nice doc. indeed, I've watched it at least 5 times. I strongly recommend you the following book by the british historian Kelsey Graham:
Anarchosyndicalism, Libertarian Communism and the State: The CNT in Zaragoza and Aragon, 1930-1937
It's the deepest and more precise account of what happened in Aragón during the anarchist revolution, and it's written in that meticulous, thorough, cold and objective style that only British historians can achieve
September 05, 2013, 11:07:55 AM
I don't know "edccdn" could easily be "Ebay Deals Co, Content Delivery Network". Registered godaddy, located in usa.
And on the site, we also have:
http://edccdn.com/tabletdebate/
http://www.edccdn.com/thanksgiving/gt/gourmetthanksgiving.html
http://www.edccdn.com/craftyholiday/
Its just too eclectic -- just like it would be if it was a dumping ground for media associated with a blog. But of course this is just a blog -- it is implicitly the opinion of the blog author and not really representative. So I don't think its fake (in the sense that it won't get anyone fired at ebay deals) I just think its probably just a semi-internal drop-box type site. And best case, it just says that a few people in a very large company are interested in bitcoin.
Anyway, I'd join a conf call with this guy, but we should come up with some reasonable questions... Obviously he's not going to know (or if he did would not tell us) ebay/paypal's complete bitcoin rollout strategy and timeline. :-) But at the same time, maybe I'm not the right guy b/c its not like I am running a bitcoin startup or something...
September 05, 2013, 11:07:40 AM
for you folks that doubted the ebay thing:
http://deals.ebay.com/blog/whats-the-deal-with-bitcoins-anyway/
http://deals.ebay.com/blog/whats-the-deal-with-bitcoins-anyway/
September 05, 2013, 11:02:05 AM
Jump to: