the question is whether it's worth buying more on bitstamp with such massive ask walls...
Yeah lots of coins from Gox there it seems. I personally think it's worth buying, those coins won't stay there forever and once all former US dwolla users who wanted to cash out have cashed out then the price will catch up to Gox's and you will regret not having bought earlier. Additional note to this. If those are Goxcoins, I bet their holder are not willing to sell them with 5 $ loss. |
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the question is whether it's worth buying more on bitstamp with such massive ask walls...
Yeah, they are really scarry. Also ~90 BTC till 110 $ is a joke. Nevertheless, the walls were there the whole day and got a bit smaller. I doubt something crazy happens, but if the course changes and we go down, it will be even faster on Bitstamp. Real question is when we test 125, which failed 3 times when the market was more bullish 1.5-2 weeks ago, will we break through?
The theory of an ascending triangle (which we have) is a breakthrough.  To warn you, I'm biased.  |
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Wow. Really a good read. I'm on watch list now. Thanks for sharing your thoughts!
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Both true. You also can't take 11M BTC as basis for this calculation, because I think the amount of traded BTC is far less. Eitherway, my point is: 300k isn't reachable without a really significant change in the global currency system and not something which is easily reachable, because some VCs invest huge amounts.
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Correct me, if I'm wrong, because I'm not really sure about the money supply definitions, but here are some numbers about that 300k prediction. The current M1 money supply of USD, which, as far as I understood, is all the money which is not money out of thin air, is around 2.500 billion USD. We have around 11 million BTC. Our goal 300.000 USD/BTC would result in a market capitalization of 3.300 billion USD. ... ... |
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2,3k buy some seconds ago. New daily high: 117.10 USD.
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Anyone noticed that 1k+ BTC wall at $111.99 just melting away like it's nothing? Quite unusual for Bitstamp, people seem to be eager to buy again.  Wow... gone!  Most of that happend in the last 10 minutes. I think Bitstamp will gain some power over the next days. Bitfinex announced they are turning away from Gox, which means more execution on Bitstamp. On a daily basis Bitstamp's volume increased significantly.  |
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I have heard before that bids can be put in without sufficient funds in the account I'm not sure if those orders appeared in the order book or if it was something account internal, but I think you refer to this: TOKYO - JAPAN - April 09, 2013 Orders will only be accepted when there are enough funds available in your wallet! Dear users, starting on April 17th we will be rolling out a minor change on how people place orders via the Mt.Gox interface. Until recently, anyone could place a buy or sell order for Bitcoin, regardless of how much funds were actually available in their wallet, resulting in an order showing a "Not enough funds" error status in the Open Orders list. Starting on April 17th, this counter productive scenario will no longer be possible and will be automatically rejected before validating your order; until you have enough funds in your wallet to match the order value. While this change should only affect a minority of users, it will however have a major impact on our trading platform and improve our system overall performance. Regards Mt.Gox Co. Ltd Team. Mt.Gox Contact press@mtgox.com |
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This whole announcement seems significant, isn't it? Does anyone have some numbers on Bitfinex? But yeah, the Dwolla incident brings up one question. What to do with Mt.Gox? I mean, the loss of Dwolla is not the only problem. The MtGox withdrawal delays [Gathering] thread doesn't look good either. But that's not a new problem. Someone said their daily SEPA withdrawl limit at their bank is 60k EUR.. While the market seems bullish or at least undecided and it should break the resistance/former triangle and go +125, I'm not sure about the future. I wouldn't be that surprised if it gets bumpy while the real consequences unfold. Bitstamps ask side is scarry as hell, but over the day bid side gained some significant power too. Daily volume of other exchanges in relation to Gox gets higher and higher. Order book depth on the ask side on Gox hit it's 15 day all time low. It really seems like people are transfering there BTC to other exchanges. Positive news: Bitcoin conference. I'm sure there will be some sweet announcements. |
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Yeah, waiting to claim the 0.33 BTC unconfirmed in that address Those unconfirmed tx seem to block that. |
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these straight lines are - some kind of market making bot?
I'd say that's just normal price oscillation between bids and asks. Taking another chart (M5 timeframe) they aren't even that straight.  I requote: The sideways trend of the past two days has been steadily resisted at $116, while the trading range has narrowed.  On a larger scale 110-125 is a huge resistance/support zone. |
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They will tell me when I am clear to leave. Ouch. Anyway. From my perspective: I give you much credit. Not for the crazy predicitions, but for your boldness, your honesty and that congruent "I stand behind what I say" attitude. All the best. Get better soon! |
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Those guys don't even work at Paypal. It has nothing to do with Paypal. It's just saying, "Hey these guys who founded Paypal, are now investing in Bitpay!". http://www.foundersfund.com is the group that invested, which the 3 are part of. You're right, sorry. But: As of the end of 2011 the firm [Founders Fund] was made up of the following partners: - Peter Thiel, founder and former CEO and chairman of PayPal
- Ken Howery, founder and former CFO of PayPal
- Luke Nosek, founder and former vice president of PayPal
- Sean Parker, former president of Plaxo and Facebook, served as managing partner from the time he left Facebook in 2008 until 2011, when his title became Executive General Partner.
- Bruce Gibney
- Brian Singerman
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This is really huge. So I guess we can dismiss PayPal as enemy completely. Would be glad. I know John Donahoe's statement. [tinfoilhead] Peter Andreas Thiel (born October 11, 1967) is a German-born American entrepreneur, venture capitalist, and hedge fund manager. Thiel co-founded PayPal with Max Levchin and served as its CEO. He currently serves as president of Clarium Capital, a global macro hedge fund with under $700 million in assets under management; a managing partner in The Founders Fund. Thiel founded Palantir Technologies funded by the CIA's venture capital arm In-Q-Tel. [/tinfoilhead] |
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Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.
Apparently, in a psychiatric hospital. And @Coinseeker: I am pretty sure Cryptocurrencies will outlive America "I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of." yeah, silver in free fall might not be good for him i guess. Do we have any independent confirmation that the supernode conference actually happened? I went to the bitcoin summit and I do not regret going. https://bitcointalk.org/index.php?topic=174620.msg2130190#msg2130190And some guy here in the thread. |
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Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.
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Requires .NET 3.5. Virustotal.com: clean. Screenshots would be nice. And anyone with a .NET reflector copy to check this. |
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You should totally open a t-shirt shop or spreadshirt shop or something. Bookmarked. |
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I hope this is about promoting mBTC and uBTC as unit. Happy to hear. Good luck everyone!
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