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2721  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2014, 08:57:48 PM
Maybe I'm getting old, but this is the only car I'm really interested in.

Too noisy for me.

It's the Mercedes flagship line, the S Klasse.

They don't get more silent than that, trust me. (okay, maybe electrical cars do Cheesy)
2722  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 12, 2014, 08:54:21 PM
Bitstamp's API doesn't contain bid/ask info, I will add a notice when visit the exchange without bid/ask info
It's bid ratio, bid/(bid+ask) or bid/volume. I use it because when calculate bid/ask, ask must not be zero and if bid is greater than ask, the value is 1 to Infinity, or the value is only 0 to 1.


How come other websites (like coinorama) can show historic Bid/Ask information for Bitstamp?

And how do you get your own (subset) of the Bitstamp order book then, if not via their API?

Is there really no way to get bid/ask for what is currently probably the *largest* exchange out there? :/
2723  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2014, 05:35:27 PM
Don't think we're out of the bear market yet, but at least for the next few days I can see us regaining a bit of ground. Bid/ask on stamp looks extremely good, when viewed over a 1 week histogram.
2724  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2014, 04:56:30 PM
Maybe I'm getting old, but this is the only car I'm really interested in.

2725  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2014, 04:39:18 PM
Keep stroking that shriveled up US-centric, climate change denying old man cock. It'll grow again one day, I'm sure Cheesy
Cheesy Cheesy Cheesy

Don't forget "bitcoin cultist".

I don't deny climate change. I just don't know if it's A) man-made, B) on net harmful but what I do know is that the economic cost of slowing it are greater than the benefit.  

and I prefer the term "Bitcoin Nutter".  Cultists have friends.


You know, for someone I don't like, I like you quite a lot.
2726  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2014, 04:37:27 PM

On an unrelated note...

This one's for Blitz. Just a screen cap from a subreddit I'm on. Note: this is *not* from r/bitcoin.




2727  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2014, 04:32:37 PM
Someone at gox knows something we don't?
To all those who don't understand why feedback loops trump "news", this comment explains it all.

Did someone say "feedback loop"?!

Quick! Buy BUY BUY!!!
2728  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2014, 04:05:48 PM
can we get back to observing the wall ....

you must be new here Smiley
2729  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2014, 04:01:53 PM

Much better to keep burning all that oil that comes from the middle east.  :D :D :D

America is a net oil exporter. Didn'tcha know?


Not really. The US broke even and became a net exporter briefly in 2012. Still nothing compared to the big fish (Saudi Arabia, Russia), and probably won't be a permanent state either (don't know if there's already 2013 data).

Keep stroking that shriveled up US-centric, climate change denying old man cock. It'll grow again one day, I'm sure :D
2730  Economy / Speculation / Re: Buying - market reacting very maturely to the malleability issue on: February 12, 2014, 03:18:56 PM
Funny to hear from a authentic low-activity-noob.

an authentic low activity noob who has kept his money...and actually made thousands on the way down also.


...whereas you chumps are all well underwater.

Especially you Cyberlight, another reliable idiot, calling the bottom and predicting bullish break-outs all the way down from $1000. Do you now get embarrassed by being wrong all the time? Have you no shame? If I were you I would just shut the fuck up until the charts started to compliment your limited one dimensional take on Bitcoin again. When that happens, I will certainly change my tune, why can't you change yours?


Are you sure?

I'm 100% (of what I am willing to invest in total) in BTC at this moment. This can change within a moment of course, but I have been all-in for most of the time since the December peak. My total in BTC is now about 2.4 times as high as back then as the result of trading, which makes my holdings worth expressed in USD about 40% higher than at peak (using the intraday 1d median price on Bitstamp to calculate my portfolio worth).

In other words, you can believe in those shiny little coins and not land, as you call it, "well underwater".

Well, the fact is that everybody who bought and held BTC any time between its inception (2009) and October 2013 (just three months ago) is looking at a huge profit. Its quite delusional and stupid to say generally to this community "you chumps are well underwater" Cheesy



In his defense, that's kind of his argument: that those of us who (luckily) got in early enough are preaching buy & hold, and while the new entrants are the bagholders.

Problem is, this response is typical for each post-ATH bear market... I hope he sticks around long enough to see that we'll see another ATH, and then another, and so on. Might take a year, though probably less, but BTC hasn't reached its final valuation yet -- not that there ever will be one, but perhaps we'll stay within an order of magnitude at least at some point Smiley
2731  Economy / Speculation / Re: Buying - market reacting very maturely to the malleability issue on: February 12, 2014, 03:02:26 PM
Funny to hear from a authentic low-activity-noob.

an authentic low activity noob who has kept his money...and actually made thousands on the way down also.


...whereas you chumps are all well underwater.

Especially you Cyberlight, another reliable idiot, calling the bottom and predicting bullish break-outs all the way down from $1000. Do you now get embarrassed by being wrong all the time? Have you no shame? If I were you I would just shut the fuck up until the charts started to compliment your limited one dimensional take on Bitcoin again. When that happens, I will certainly change my tune, why can't you change yours?


Are you sure?

I'm 100% (of what I am willing to invest in total) in BTC at this moment. This can change within a moment of course, but I have been all-in for most of the time since the December peak. My total in BTC is now about 2.4 times as high as back then as the result of trading, which makes my holdings worth expressed in USD about 40% higher than at peak (using the intraday 1d median price on Bitstamp to calculate my portfolio worth).

In other words, you can believe in those shiny little coins and not land, as you call it, "well underwater".
2732  Other / Meta / Re: It's Time For Theymos To Kill The Alt Section on: February 12, 2014, 02:54:55 PM
You and I look at the same map, and see absolutely different things. You see a web of scam coins (it seems), I see a beautiful cryptocoin network. (Disclosure: so far I own no other cryptos but BTC, but am not against buying alts in principle)
Then you need to land on Earth again. A realistic, objective view is needed.
Even though I have some of these scam coins, I hate them.

And you tell *me* to "land on earth again", huh?

 Roll Eyes
2733  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2014, 12:21:00 PM
After reading post after post with gox cursing, and then bitstamp go and do the same thing.  Roll Eyes  Grin

Not really. Here, have a few differences:

* Total shutdown: Gox is, more or less, completely closed off as of now, at least for people requiring USD wires. Bitstamp still processes wires within 2 days on average, so fiat withdrawals continue unhindered, even when BTC withdrawals don't.

* Maturity of reaction: if you read their news item on the matter, you will see how different they handle this matter -- Gox: we're innocent! Not our fault! Devs, fix it! vs. Stamp: we're updating our software to harden it against the attack.

* Most importantly: from the publicly available knowledge, there's good reasons to believe gox lost actual user btc funds because there's evidence that they tracked success of transactions based on ID alone. We'll come back to this if it turns out stamp lost funds as well, but I highly doubt it.

tl;dr All current exchanges are run by amateurs I'd say, but gox is run by incompetent amateurs.

2734  Economy / Speculation / Re: Buying - market reacting very maturely to the malleability issue on: February 12, 2014, 12:05:12 PM
The fact you low-activity-noobs spend your day trying to spread FUD in this forum is just a strong signal that this is a good time to buy. Probably soon we will see an even better chance.

As soon as you low-activity-noobs start posting "to the moon" and that kind of euphoria-driven posts, then it will be the time to sell.

That strategy never failed, did you know?

Every now and then I click un-ignore just to immediately regret it. Won't fall for it this time though.

Hahaha, exactly the same here. I sometimes see those clusters of hidden comments (like the ones above, to which Rampion responded), and think "why did I put user XYZ on ignore again...?", click unhide, and go like "jup. that's why."


@Rampion

Good to see you in here again. And good to see you acting as a voice of reason, as always.

I will say one thing that is maybe not completely aligned to your thinking: we are still in a (pretty well established by now) bear market. If you buy in now, you're probably not going to regret it in a year from now, but alternatively, one can also bet on price still going lower.

Note, I'm not saying you shouldn't buy -- of course, everyone's buying (or trading) strategy is different. What I'm saying is, it's probably not a bad time to buy now *but* you might have to sit through another month or so of downward movement, so newcomers should be aware of that.





2735  Other / Meta / Re: It's Time For Theymos To Kill The Alt Section on: February 12, 2014, 11:38:54 AM
This is crazy
http://mapofcoins.com/

What percentage are scamcoins? Time will tell.
This is becoming insane. We need to move them away from this forum.

You and I look at the same map, and see absolutely different things. You see a web of scam coins (it seems), I see a beautiful cryptocoin network. (Disclosure: so far I own no other cryptos but BTC, but am not against buying alts in principle)
2736  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 11, 2014, 01:18:55 PM
I have received a lot of requests to remove Mt.Gox from bitcointalk, reddit and twitter. The community's suggestion and advice is always important.
But currently Mt.Gox still has many visitors, about 12% of all. BTC-e BTC/USD is 14%. so there are many people watching Mt.Gox. The alexa rank of Mt.Gox is still 4000 even much higher than Bitstamp. and the price is not Index Price. so it need some buffer time to remove Mt.Gox.

+1
2737  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 10, 2014, 08:12:12 PM
You have to get rid of MtGox in your chart !!
This is childish. Bitcoinwisdom is supposed to give neutral access to available data without any own interpretation or own judgment. If you personally don't want to see the MtGox prices then just don't look at them, click somewhere else, problem solved.

Well, BitcoinWisdom provides exchange data, right?

At this point MtGox is no longer a functioning exchange (I'm not sure what it is, a place where you can trade fake fiat for fake bitcoins and vice versa), so...

People still *trade* there. Quite a few of them, actually. That they're idiots is another matter.

Gox should stay, it's naive to suggest otherwise.
2738  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 10, 2014, 08:10:23 PM
Bitstamp's API doesn't contain bid/ask info, I will add a notice when visit the exchange without bid/ask info
It's bid ratio, bid/(bid+ask) or bid/volume. I use it because when calculate bid/ask, ask must not be zero and if bid is greater than ask, the value is 1 to Infinity, or the value is only 0 to 1.


Okay. But you show a (partial) order book for Bitstamp, right? Why can't you use that data to calculate bid/ask for Bitstamp?

2739  Economy / Speculation / Re: Its a buyers market. Gox delay and prices plummeting. Whose buying now? on: February 10, 2014, 07:31:39 PM
Don't know if  OP's question is serious, but: me, for example. Admittedly, I also sold 2 days before, at around 680/690, but who in his right mind *wouldn't* buy when there's such a nice opportunity at 530/540 :D
2740  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 10, 2014, 04:53:23 PM
After a first run of the new volume based features:

(1) Bid/Ask doesn't work (yet?) for Bitstamp... seeing that they're the biggest Western exchange as of now, it'd be really useful to get that data for Bitstamp as well... is it a problem of their API limiting the data you need?


(2) How do you calculate the Bid/Ask ratio, if I may ask. For example, for mtgox, btcwisdom currently has bid/ask at around "0.344". How do you get to that value?

For comparison, the blockchained graph calculates bid/ask as: Total Bid Sum/Total Ask Sum, which currently sits at around 500 USD (maybe a bit higher).

Coinorama calculates the same, Total Bid/Total Ask, so bid/ask as raw price = ~518 USD at the moment. But a useful feature is to *normalize* that ratio to the price at which it is calculated!

So in our case, 518 USD bid/ask normalized to the current price = ~0.87 bid/ask.

Okay, so what I'm saying is basically: a) I don't know how you get to "0.344", and b) could you consider implementing it like I wrote above, as total bid/total ask, normalized for price?
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