Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32851.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Coinseeker on July 25, 2013, 08:36:06 AM

Quote from: gandhibt on July 25, 2013, 03:57:47 AM

It is closed-source, centralized, has a currency called XRP that is 100% premined and in the hands of the creators, and the whole thing is owned by a for-profit company.

Is this not a problem for you Coinseeker? If not then wtf are you doing on bitcointalk? This is the most important thing about bitcoin, besides it can't be printed from ass, and you think it's just irrelevant?

1. OpenCoin has stated repeatedly they will open source upon coming out of Beta.
2. There is no "pre-mined" because there is no mining mechanism. Either case, Ripple is not a currency anyway, so who cares? It's a payment network. Like Paypal for crypto and fiat but pretty much free. Learn the difference.
3. Since when did being a for profit company become a negative? Free markets are only good, sometimes?

So to answer your question, yes, this is all irrelevant to me. If you have anymore questions, PM me so we don't distract from all the "wall" talk going on. Roll Eyes

XRP is a currency. That's the reason the Ripple system has lost all value to me. Is was/is such a promising idea Sad

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Coinseeker on July 25, 2013, 08:36:06 AM

Quote from: gandhibt on July 25, 2013, 03:57:47 AM

It is closed-source, centralized, has a currency called XRP that is 100% premined and in the hands of the creators, and the whole thing is owned by a for-profit company.

Is this not a problem for you Coinseeker? If not then wtf are you doing on bitcointalk? This is the most important thing about bitcoin, besides it can't be printed from ass, and you think it's just irrelevant?

1. OpenCoin has stated repeatedly they will open source upon coming out of Beta.
2. There is no "pre-mined" because there is no mining mechanism. Either case, Ripple is not a currency anyway, so who cares? It's a payment network. Like Paypal for crypto and fiat but pretty much free. Learn the difference.
3. Since when did being a for profit company become a negative? Free markets are only good, sometimes?

So to answer your question, yes, this is all irrelevant to me. If you have anymore questions, PM me.

about 2: XRP might not be mined, but it's issued by them and they control it. roughly 13,000 XRP are worth 1 BTC currently. They say it's just for spam prevention... but why is the value so high?

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: gandhibt on July 25, 2013, 03:57:47 AM

It is closed-source, centralized, has a currency called XRP that is 100% premined and in the hands of the creators, and the whole thing is owned by a for-profit company.

Is this not a problem for you Coinseeker? If not then wtf are you doing on bitcointalk? This is the most important thing about bitcoin, besides it can't be printed from ass, and you think it's just irrelevant?

1. OpenCoin has stated repeatedly they will open source upon coming out of Beta.
2. There is no "pre-mined" because there is no mining mechanism. Either case, Ripple is not a currency anyway, so who cares? It's a payment network. Like Paypal for crypto and fiat but pretty much free. Learn the difference.
3. Since when did being a for profit company become a negative? Free markets are only good, sometimes?

So to answer your question, yes, this is all irrelevant to me. If you have anymore questions, PM me so we don't distract from all the "wall" talk going on. Roll Eyes

Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: Pompobit on July 25, 2013, 07:26:08 AM

I'm the only one who keeps get disconnected from mtgox?

No you are not the only one, this is annoying, 15 extra seconds for password and Yubikey could make me lose an opportunity.

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: Pompobit on July 25, 2013, 07:26:08 AM

I'm the only one who keeps get disconnected from mtgox?

I also don't connect to mtgox any longer...

Pompobit

hero member

Activity: 736

Merit: 508

I'm the only one who keeps get disconnected from mtgox?

DaSheep

member

Activity: 112

Merit: 10

Quote from: barbs on July 25, 2013, 06:54:05 AM

Quote from: Tzupy on July 25, 2013, 06:51:36 AM

Some people believed that 97 was a good price to sell at. Maybe they were right, but if the current trend continues, we might see 100 in 3 days.

I wasn't asking about why did people sell, I'm asking why would someone throw a 3k bid wall at 97, have it get eaten, then we see an ask wall of 1000 at 97 come up just after

Bizarre unless i'm missing something, and it's as simple as someone really wants bitcoins at 97

Whale A saw the recent upward pressure and decided to buy back in, so he placed a 3k bid wall @ 97,
Fishes think they are smart and the wall is fake, so they start selling into it.
Whale B watches how the wall gets eaten by the fishes and thinks "Phew, there's some serious downward pressure,
gonna take my profits" and puts a 1k sell wall @ 97.
Whale A thinks "dafuq?"

ardana123

hero member

Activity: 504

Merit: 500

Quote from: Tzupy on July 25, 2013, 06:51:36 AM

Some people believed that 97 was a good price to sell at. Maybe they were right, but if the current trend continues, we might see 100 in 3 days.

barbs

hero member

Activity: 854

Merit: 1000

Quote from: Tzupy on July 25, 2013, 06:51:36 AM

Some people believed that 97 was a good price to sell at. Maybe they were right, but if the current trend continues, we might see 100 in 3 days.

I wasn't asking about why did people sell, I'm asking why would someone throw a 3k bid wall at 97, have it get eaten, then we see an ask wall of 1000 at 97 come up just after

Bizarre unless i'm missing something, and it's as simple as someone really wants bitcoins at 97

Tzupy

legendary

Activity: 2170

Merit: 1094

Some people believed that 97 was a good price to sell at. Maybe they were right, but if the current trend continues, we might see 100 in 3 days.

barbs

hero member

Activity: 854

Merit: 1000

Well that 97 wall got obliterated?? what was the motive behind that one??

Ivanhoe

hero member

Activity: 841

Merit: 1000

Quote from: Pompobit on July 25, 2013, 06:09:16 AM

a wild buy wall appears

Aaaaand it's gone.

gandhibt

full member

Activity: 238

Merit: 100

That goxxing is a bit annoying, those fucks just keeps price artificially up, because they don't let people to get their money... And of course no proper announcement about the issue, they keep us in the dark. I have fiat on gox, but i'm not buying. Hope gox doesn't do the final goxxing.

gox is at 97
bitstamp is at 90

molecular

donator

Activity: 2772

Merit: 1019

Quote from: ?? on ??

lol mt gox is nuts. I did a market buy for 14btc and it executed 7 times ?!? i guess that's one way to get the price moving, make people spend 7x more than they wanted to.

how often did you click the "buy" button?

01BTC10

vip

Activity: 756

Merit: 503

What's your job?

'Slowly pumping Bitcoin price for a living'

Tzupy

legendary

Activity: 2170

Merit: 1094

The buying whale again, as expected, I managed to buy 95% of my target before he placed his order.
But he's not willing to pay more than 97, at least for now.

billington.mark

full member

Activity: 153

Merit: 100

Quote from: Pompobit on July 25, 2013, 06:09:16 AM

a wild buy wall appears

did you mean to make that sound like Morgan Freeman or was that just me imagining it that way! haha...

Pompobit

hero member

Activity: 736

Merit: 508

a wild buy wall appears

gandhibt

full member

Activity: 238

Merit: 100

Quote from: Voodah on July 25, 2013, 05:56:07 AM

Uhmm... so... we gonna retest 99-100?

Maybe when there's enough bids the selling starts... There's now 20 kBTC to 90.

EDIT. Bitstamp goes to 0 with 20 kBTC sell =)

4mherewego

full member

Activity: 220

Merit: 100

DING DING DING, 5k buy at $97

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32851. (Read 26684289 times)