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2621  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 21, 2014, 04:40:50 PM
That pastebin was taken completely out of context. The user on here who posted it also apologised to gmaxwell on IRC for posting it

As I said earlier on IRC, I did not mean to step on anyone's toes, especially not gmaxwell's. I had no context, since I joined the channel just moments before. I did just mean to provide information and don't have any $/BTC on Gox. Didn't mean to spread FUD/fear and have no agenda, the post was meant to be informative in nature only.

Should there be any relevant context, that changes the perceived meaning, someone please post it.


Seriously, don't apologize.

I mean, what the hell? If it's on IRC, you're free to show it to the rest of the world, simple as that. And "lack of context"? What the fuck. It's a pretty long log, so it's hardly a single line or two "taken out of context".

Really, if you submitted that log, thanks!
2622  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 21, 2014, 04:10:04 PM
It seems like Bitfinex is doin much more Volume than Bitstamp in the last days.

Bitfinex has access to Bitstamp's order book.

Where do you get that from? Bitcoinaverage seems generally reliable on this, and they have stamp before finex

2623  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: TiPS (a.k.a. FedoraCoin) is rebranded! New logo and MIXING FEATURE on: February 21, 2014, 03:06:09 PM
I have a question, not a request to add a coin :D

How do you get to the 'trade volume, 24h' value for Bitcoin? If I compare it to bitcoincharts' "Markets" page, your value seems substantially lower, even if I ignore all currencies other than USD. Just adding up their 24h USD volume for bitstamp, mtgox and btc-e gives me almost 40M USD, while coinmarketcap says 36M. Or did you already exclude mtgox data from your calculation?

I get all bitcoin data from http://bitcoinaverage.com#USD

And they exclude gox volume, so it makes sense.

Thanks!
2624  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 21, 2014, 03:01:11 PM
bears dumping from the shadows again

Everyone's just trying to get back in lower. Friday being payday for many, I doubt there will be an opportunity as great as yesterday's.


you call yesterday's 530 $ an opportunity?

all I saw yesterday was weak support, no buying frenzy, and no volume.

400s here we come!

It depends on what time scale one thinks of.

I can see us above 530 for another few days (although I wouldn't bet on it), so buying back at 530 wasn't necessarily a bad move, but I also don't think the bear market is over yet. Agree, we will probably go sub-500 at some point in the near future (<1 month)
2625  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 21, 2014, 02:45:48 PM
I know nothing about TA but is that a "head and shoulders" forming on 15m chart on stamp? That is supposed to be bullish I believe?

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b

looks kind of similar-ish to my untrained eye. Your prediction of 530 being the bottom seems pretty solid. I'm pretty torn between 530 being the bottom or a continuation of the downtrend until a final capitulation in the 400s (like Risto has been preaching).

...

"The weekend after a bad news week, with a jittery market in the midst of bearish period -- hold onto your cash and buy lower you conchy drongos." said Rupert


Agree. Taking a look at:



and concluding "now is the time to buy back in, big time" takes balls of steel. Then again, maybe you'll be richly rewarded by being this bold Cheesy

Anyway... what's a "conchy drongo". Google seems to think it's a "conscientious idiot", which sounds like a contradiction in terms.
2626  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 21, 2014, 02:35:33 PM
Completely missing the point there. "anti gox" in the context of this thread means "remove gox from charting website". And mostly clueless noobs come in here demanding that.

I will never trade on gox, but as long as others trade there, I want to be able to see it.

I too want to be able to see it, but it should not be the in the header line nor the first entry in the menu, since its price is totally misleading.  It should be down below DOGE/LTC or whatever.

People who worry about falling price and public confidence in bitcoin should be the first to demand that.  Mainstream news of "bitcoin crashing" refer to MgGOX's price --- because that is still "the" price that their reporters find on the charts.


Agreed, if phrased like that. Same for Rannasha's argument. Keep it on-site, but under a menu would be the optimal solution IMO.
2627  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 21, 2014, 12:36:09 PM
Interesting that all these anti-gox posts come from n00bs with almost zero posting history on bitcointalk.org. Wasn't there a newbie restriction to avoid this kind of spam?
To me it is puzzling how some old-timers continue to defend Mark and MtGOX.  Being "one of us" trumps refusing to return tens of millions of dollars to their owners?


Completely missing the point there. "anti gox" in the context of this thread means "remove gox from charting website". And mostly clueless noobs come in here demanding that.

I will never trade on gox, but as long as others trade there, I want to be able to see it.
2628  Economy / Speculation / Re: Is LocalBitcoins now the most reliable price indicator? on: February 21, 2014, 11:33:58 AM
Are you saying there is a viable decentralised exchange in development, or that there's not? If you've made a useful observation in the decentralised exchanges arena, then please share it.

There are several groups working on them in ways that look professional to me. "I'd be willing to invest in them" professional, I mean. And I didn't even know the one Peter R. linked to. Decentralized exchanges will, almost certainly, hit our market big time, within one, maybe 2 years. The question is if, and if so, which one of them will became the "standard" system, how much of the total (fiat) exchange pie they will take up, and what amusing, as-of-yet unforeseeable consequences this change in our btc ecosystem will have (some form of  "network of escrows" will probably be unavoidable, and I'm already looking forward to the discussions and drama around how those will act)

It has been developed, and it is being testing for nxtcoin:

https://bitcointalk.org/index.php?topic=460343.0

You missed my point. "It has been developed" is like saying "There is an exchange" 2 years ago. There was (almost) always more than one, and only time will tell which one will come out on top. That said, I'm not a big fan of NXT. Without getting into the semantics of whether it makes sense to say that a proof-of-stake coin is pre-mined in the sense that has been used as criticism against scammy alts, I don't like their 'founders monetization model' for the lack of a better term.
2629  Economy / Speculation / Re: Is LocalBitcoins now the most reliable price indicator? on: February 21, 2014, 11:14:12 AM
Are you saying there is a viable decentralised exchange in development, or that there's not? If you've made a useful observation in the decentralised exchanges arena, then please share it.

There are several groups working on them in ways that look professional to me. "I'd be willing to invest in them" professional, I mean. And I didn't even know the one Peter R. linked to. Decentralized exchanges will, almost certainly, hit our market big time, within one, maybe 2 years. The question is if, and if so, which one of them will became the "standard" system, how much of the total (fiat) exchange pie they will take up, and what amusing, as-of-yet unforeseeable consequences this change in our btc ecosystem will have (some form of  "network of escrows" will probably be unavoidable, and I'm already looking forward to the discussions and drama around how those will act)
2630  Economy / Speculation / Re: Is LocalBitcoins now the most reliable price indicator? on: February 20, 2014, 10:37:27 PM

If only there were groups/companies working on developing a provably secure (as far as the non-fiat side is concerned, at least), scalable, decentralized exchange setup *nudge* *wink*
2631  Economy / Exchanges / Re: www.BITSTAMP.net Bitcoin exchange site for USD/BTC on: February 20, 2014, 10:10:13 PM
Completing my post, KYC just means asking for a ID document, properly verifying it and communicating any red flags on transactions or something to the authorities. The financial institution, which Bitstamp is not, can not act as an authority.
,
So Bitstamp is totally lying about it even if they have to comply to KYC.

Cry me a river. What happens if you *don't* comply with KYC/AML you can see over at your friendly neighborhood exchange mtgox. I prefer stamp to comply, and my funds to be safe. If you're so concerned about revealing your private data, which I can understand to a degree, use localbitcoin. Simple as that.
2632  Economy / Speculation / Re: Is this for real? on: February 20, 2014, 06:46:32 PM
Yes, it's most likely real.

Some users reported not being able to withdraw BTC from stamp today, others were able to withdraw (me, for example), and just a few minutes ago, user/hazek (of Bitstamp itself) posted this in the Bitstamp thread:

There are no general Bitcoin withdrawal issues presently. User's who are reporting that they are unable to withdraw Bitcoins will be notified individually via email.

We've discussed the whole thing on the wall thread for a while now, and I think the most likely scenario is that a few accounts were not necessarily compromised but at least *attempted* to be compromised, and they blocked withdrawal for those accounts until you tell them "Yeah, I'm good, my machine isn't compromised".

At least two users already said withdrawal worked again for them after they contacted stamp to tell them to re-enable withdrawals (one guy called them, instead of sending a mail).

Hope this shines some light on the situation.
2633  Economy / Speculation / Re: BREAKING NEWS: Bitstamp Halts Bitcoin & Ripple Withdrawals ! on: February 20, 2014, 06:37:44 PM
And here is user/hazek (of Bitstamp)'s reply, just this second. Rather terse, they should really work on their communication, but in principle what most of use suspected:

There are no general Bitcoin withdrawal issues presently. User's who are reporting that they are unable to withdraw Bitcoins will be notified individually via email.
2634  Economy / Speculation / Re: BREAKING NEWS: Bitstamp Halts Bitcoin & Ripple Withdrawals ! on: February 20, 2014, 06:31:57 PM
Here's what I posted before, in the bitstamp thread and the wall thread:


re: Bitstamp withdrawal.

Might be some automatized safety thing, that wasn't exactly thought through very well?

Maybe something like: If IP address changes regularly, stop withdrawal. Something moronic like that.

Aaanyway...

Just bought 1 btc for testing purposes, and btc withdrawal works for me, as they always did. Arrived at my address a few minutes later.

NOTE: I'm not denying that some accounts have problems withdrawing, but at least we know that not all accounts are affected.
2635  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2014, 06:12:21 PM
What i find amusing about all of this is that just a month ago people would literally kill to buy at "this" price.
Now that we are at "this" price people do not want to buy. No one has any clue where the bottom will be and everyone is afraid to make the first move.
This will end poorly until the we hit the price of what the whales want to buy at. They probably have firm targets in mind. And after seeing how low it can
go on mtgox they will allow it to hit 300 area before buying.

You overestimate the power of those mystical whales. They move the market individually more than smaller traders, sure, but even they risk losing a lot if they go completely against the stream.

Go back to June/July 2013, and look at how the reversal unfolded back then.

a) the trend reversed in a very clear "organic" way, with buying pressure simply building up to the point where a reversal was quite clear by around July 8.

b) then came a number of big volume moves that might well have been whales. but, see a) above, they reacted to a (feebly, perhaps) established reversal.

c) then came a majestic dump, quite possibly a misguided whale seeing a chance to exit the game, or maybe an attempt to keep price down... didn't matter. It only threw us back maybe a week, then the upwards trend continued. Slow, very slow, for a long time, until the real rally started, but that's a different matter.

tl;dr Whales matter, but not as much as some people seem to think, and even whales can get burned if they act dumb.
2636  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2014, 05:48:34 PM
That's a good point. May I suggest a solution?

Set up 2FA. You'll get a barcode that you scan with your phone to set it up on there.

But now don't click it away, but prt scrn, and PRINT that barcode on a piece of paper. Hide it somewhere that you deem safe. Maybe your wallet? Or maybe inside your copy of "2000 novel recipes made purely from Matzen"? Something like that.

If you ever lose the phone, or need to re-setup 2FA, get that printout, and scan it.

What turned me off the google auth stuff at first was lots of people reporting that they had printscreened their OCR code and then they had their accounts emptied soon afterwards. This made the whole thing seem to tricky to use for the moment.

I guess there are maybe even alternative 2FA clients one can use? This is going off-topic so I'm off to do some research. Thanks to you two!

Don't worry about Off topicness... this thread is *never* on topic Cheesy

You should probably look into security in general. Do you use Linux, or Windows? If the latter, I guess a trojan might be able to intercept a screenshot somehow, but then again, if you have a trojan any password you enter or anything displayed on your screen might as well be game for the intruder.

My recommendation, if you have non-trivial amounts invested in BTC, is to get a cheap netbook, install Ubuntu on it, and use it exclusively for BTC trading and wallet software.

It's not quite the same level of safety as never connecting your machine to the Internet and only keeping funds in paper wallets, but it is almost certainly much safer than the common "Windows + no 2FA + not-that-great-password" setup...
2637  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2014, 05:43:20 PM
ok here is something to think about, who of you use and android ? and use the same email for google account with Bitstamp? it could be a Bitcoin related APP.... I need some co-operation here, we need to know from where they've got our emails...


You're a smart one.

My app/android email =/= my bitstamp email.

Others?

I also have the same configuration  My app/android email =/= my bitstamp email

we need more people to confirm this , maybe there is an APP doing this, who knows !!!

Wait, what? My email of Bitstamp is *not* the same as that on my phone, and I *can* withdraw.

I'm confused... you can't withdraw, right?
2638  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2014, 05:38:57 PM
Amazed by the amount of people saying they don't use 2FA.

Seriously guys, WTF? How difficult is to download Google Auth on your phone and to set up the 2FA on your exchange account?

Why do you try so hard to be the low-hanging fruit and thus to be hacked?

WHY???

I guess i'm not the only one who worries about losing the phone and doesn't really know how to keep backups of the 2FA stuff properly.

That's a good point. May I suggest a solution?

Set up 2FA. You'll get a barcode that you scan with your phone to set it up on there.

But now don't click it away, but prt scrn, and PRINT that barcode on a piece of paper. Hide it somewhere that you deem safe. Maybe your wallet? Or maybe inside your copy of "2000 novel recipes made purely from Matzen"? Something like that.

If you ever lose the phone, or need to re-setup 2FA, get that printout, and scan it.
2639  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2014, 05:36:39 PM
ok here is something to think about, who of you use and android ? and use the same email for google account with Bitstamp? it could be a Bitcoin related APP.... I need some co-operation here, we need to know from where they've got our emails...


You're a smart one.

My app/android email =/= my bitstamp email.

Others?
2640  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2014, 05:27:20 PM
I did receive that E-mail as well, I just read the email and was like "yes nice try", so I guess that was it.

I wonder how stamp knows which accounts received that e-mail, assuming that is the withdraw suspension trigger.


Perhaps they don't know which accounts are affected, but simply implemented some heavy-handed "If IP changed geolocation more than 100 miles, block withdrawal" rule.

Can anyone who had his BTC withdrawals blocked on Bitstamp comment on this possibility? Did you log in from a different location than usual?

Nope, and I have a static IP. Maybe my account had multiple login attempts (that were not me) and that's why they blocked it.

Thanks.

Maybe the senders of the emails just went "fishing", attempting log in even if you didn't respond.

Then again, you need the account number to log in, so not sure how they would have gotten that one.

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