Bitcoin Forum

Price ranges from $6 to $15. I feel some market maker could take advantage of this crazy volatile move...

Is it possible to trade through britcoin, get GBP, and convert to USD, and if so, where/how?

I think people are taking advantage of the spreads. Trader are moving a lot of money around.

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I would buy some BTC now, but estimated time of deposit from LR showing on TH acc is 1-2 business days :( And for BTC estimated time is 1 hour. So sellers can fund their accounts fast, but not buyers, sure price will dive.

I've got some buy orders placed at lower prices... hoping it dips down that far and I can double-up on what I had before.  :)

It's the wild west!  Too much confusion in the markets for a stable price.  Ask yourself what has changed with bitcoins other than mt gox being hacked.  Has bitcoins been hacked?  no.  So what's the difference between now and 48 hours ago?  nothing

Boring British  :P
Do many people use the site? If Yes, Why so stable?

US$ liquidity is a bit thin right now. Sure wish I hadn't withdrawn mine last week. Good bargains to be had today and tomorrow as the weaker hands are shaken out of the market.

1.) Newbie posts (not just this one) about market prices fluctuating.

2.) Seasoned veterans nod and wonder what all the excitement is about.

3.) Repeat until forum database explodes.

I don't think any professional traders use it, so very little market manipulation, just us plebs, also the interface is a little clunky...

I like your post, as a newbie :) I didn't intend to spam the forum but I couldn't find a disucssion on the price movement, especially after such a historical event.

Yeah after I moved all my money from trade hill to mtgox I had 7 usd left in trade hill.  So I put one order in for a bitcoin at 7 bucks and never thought it would get filled.

High spread == High uncertainty about the price

Nothing strange.

Has TradeHill suspend trading?

I just checked here (and wondered why you didn't):

https://www.tradehill.com/MarketData/

Current Bid/Offer:

11.00 / 11.99

Last:

11.80

No.

TradeHill is running extremely slow. Instant buy and sell is effectively worthless today. That market data page needs to be static. Anyway, people should be using bitcoincharts to monitor the price methinks.

Totally dead the last 45 minutes or more, long live MtGox!   :D

yeah apparently Tradehill wasn't ready for the influx of people they got from Mtgox's hiatus

It's amusing how much people talk them up when they can only handle a tiny volume.

This means they have nothing like mtGox.com/data/ticker.php ...which loads super-fast, correct?
Edit sample w/ old higher prices showing {"ticker":{"high":24.99,"low":16.08,"vol":97956,"buy":22.0004,"sell":22.2488,"last":22.2489}}

A dedicated server costs a pretty high amount prior to establishing business.
Are they on a VPS (LOL?), or does anyone know if they even mentioned a "real server?"

Lol, I've got friends there, in Austin.

Want me to make a call and get their DB for you guys?

No worries, I'm sure if anyone misuses that info we can just roll everything back.

If they gave you 30 seconds to buy in it would work. 5 seconds is too short a time.

that is some pretty serious lulz

I could sell them some space on my Geocities to share the load.

Hostgator!
LOL!
Next thread, this one is over for me.   :D



@imperi Geocities LOL! again...

Nothing changed, but people realized what the true state of things was.  A host of rinky-dink operations with millions of dollars susceptible to the whims of hackers.

A few early adopters get accounts or their machines hacked, and the entire economy gets wrecked.

No! No!

Everything is the same guys!  Bitcoin is secure! You just don't understand what bitcoin IS if you think it's under any threat.

Bitcoin will live on immortally without ANY OF YOU.

You're FOOLS if you think MtGox getting fucked meant ANYTHING to bitcoins.

FOOLS!

Uh, it means we can buy at lower prices.  And security just went up ten fold.

Tradehill seems to have their "market data" page set to auto-refresh.

Not very wise O_O

Are they really hosted on hostgator?

Yes, but I think they signed up for the plus plan.

No, no, you see, you completely misunderstand bitcoins.

Mt. Gox has nothing to do with bitcoins you stupid oaf.

Bitcoins are untouchable and exist completely outside the control of any single entity, why are you so stupid that you don't understand this.

You're just like all those dumbasses in the media that get trival facts about bitcoin wrong in EVERY article they write.

And you're just like all the morons that post comments on those articles affirming all their misperceptions about bitcoin.

YOU DON'T GET IT.

NO ONE HERE GETS IT.

BITCOIN is safe and always was.

MtGox getting hacked means fuck all to this movement.

Now either get out of the kiddy pool or make way for the big fish cause you're getting stupider by the moment.

Their banking system stills own your country but lol...

Tradehill compromised.

http://securityforthemasses.blogspot.com/2011/06/someone-offering-tradehill-bitcoin.html

They have one here - https://api.tradehill.com/APIv1/USD/Ticker

It is timing out a lot for me though.   They seriously need to get a dedicated server with better bandwidth ASAP.  
It's not that expensive.

I'm gonna pre-emptively call bullshit on this one, but if so, oh man I love you.

So, the fact that I just bought at $10 means that I was actually right.  Bitcoin's value is in the mind of the beholder.  Stolen wallets and the rest do impact bitcoin.  Dollars are not just the paper they are printed on.  Bitcoin is not just the computer code.  It is the idea that makes it money.  The idea can be manipulated. 

Dedicated Hosting:
tradehill.com is hosted on a dedicated server.

http://whois.domaintools.com/tradehill.com (http://whois.domaintools.com/tradehill.com)

reverse IP look up says zero sites other than tradehill.com hosted at their IP address.

So I'd like to know how did you come to the conclusion that tradehill is being hosted at a "shared hosting account on hostgator"?

I'd like to know too!  Lardycake?

I can tell you that with a few keystrokes, it was easy to determine that tradehill is in no way on a freakin' "shared hosting account on hostgator"..they are not even hosted in the U.S, idiot(s). Their hosting is professional, dedicated, and on-par with I would expect from such an effort.

I am not going to post their domain info, but it is easy to find, if you know what you are doing.

I lulled.

*pulls BTC to thumbdrives*

Yeah yeah, but you do understand that Bitcoins would be worth next to nothing in USD (or 'real' money) if there wasn't for the exchanges?  Are Bitcoins as an abstraction really that cool?  Thought the point was to use them to buy stuff.

Note to all: there are tools (publicly available) that will assure you of the hosting of Tradehill's servers. No, not stupid web whois and reverse dns parsers. But it took me all of 90 seconds to assure myself that the poster was barking up a troll tree.

Re: Tradehill hosting. 


http://serverhotell.net -> http://glesys.se/serverhotell.php -> http://glesys.com/


Tradehill seems to be hosted by swedish company glesys.com.  TH themselves should've been the first to stop this rumor (which was probably a joke originally) [you're welcome guys].

Lol! People will believe anything these days. No man, the truth is their host is angelfire. Get the fact straight.

LOL! I was reading this fast and i read "servertohell". Then I realized I was wrong, but for a second, I thought "OMG, tradehill is doomed..."

Goes to show how emotional I can be when things are unstable... I need to calm down.

There are a lot of stolen coins out there right now. How much you wanna bet many of them are being unloaded on tradehill as we speak?

If you can stomach profiting from the misfortune of others, go on a buying spree at the pawn shop TradeHill.

Well TradeHill used to be hosted on Geocities but they upgraded to Hostgator when Geocities closed.

For me it resolves to http://home.aol.com/users/~tradehill04

Let's all sing the Rationalizaiton song togehter.......!!!! "R is for reject............etc.

Would it be possible to track the addresses of the stolen coins?  Not that anything can be done about it really, just would be interesting to see what happens to them.

You can also trade at bitmarket.eu.

It's the website of my choice.

Of course, MagicalTux has consistently refused to identify the stolen coins in the most recent breach, and many older stolen coins have almost certainly already been unloaded via MtGox by now, and it's not like it would've been difficult for the attacker to have laundered them through services that make it impossible to identify where the stolen coins came from or who has them now so it doesn't matter which service you use... but don't let that stop you from using MtGox's fail as a way to discredit its competitors.

I'm in no way discrediting TradeHill.com - I use them all the time myself, and I think they are great. Just pointing out that if you are getting bargains there (or anywhere else right now), it is because of all the stolen coins.

According to your argument, electronic bank fraud is not theft. After all its a number that represents an amount of economic, political, and military power.

I think this guy should read Atlas' post on the creation of wealth and the ownership of that wealth. And then take some ethics classes.

If I smashed down his front door, took his computer/wallet, according to him that would not be theft. Why? Because the BTC therein are nothging more than a series of computations and the computer iteself a "collage" of molecules representing the figment of imagination. Not really real at all so nothing to be stole!

The door? A mental block. Another figment of imagination to cast aside. Rubbish!

You only represent a group of molecules. Why should I care if I run you over on a crosswalk?

Because you don't know if my consciousness exists separately from the miniscule mass. That's why.

Hey, I don't even know if you have such a thing as "consciousness".
Anyway, I do believe imperi was being facetious.

I do to. That's why I posted a neutral response.

And not knowing if anyone has a consciousness is my point. Life is a gamble in that respect.

Only in a very indirect sense. There's almost certainly a lack of liquidity at TradeHill - they're not much easier to get money into than any other bitcoin trading website, and a lot of traders have their cash stuck in MtGox - so that will almost certainly affect the prices.

(Also, I'm a bit twitchy because I've seen some really, really weird pro-MtGox posts in the last few days.)