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Only 6k to $130 now...
In other news, the price in China is still depressed. All the arbitrage bots will be running backwards.
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Hi,
The JSON-RPC API is again giving me "lock timeout exceeded, try restarting transaction" on all requests.
Looks like a MySQL error -- I guess you're missing a rollback() or commit() somewhere...
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bitcoinity shows market depth, so do a bunch of others.
However there's nothing new about lots of low bids or high asks -- you often find market depth is high high at 0.0001 and 1,000,000.
Bear in mind also that there will be some skewage these days too, as Mt Goxis changing the order process, and only allowing orders to go through that are funded. This will change the profile of the market depth chart, particularly if they just cancel orders that are non-funded but leave the others in.
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One more question ... on the 'Bid sum [kUSD]' chart above is it Sum (Bid Level * Volume) or the the Total Bid Volume * Current Market Price ? Apologies if this is not the right thread to ask the question  Huh??? what would you like me to clarify ? There is no difference. Huh ?? There is a massive difference ... Sorry, I thought you were asking if x(a+b+c) was different from ax+bx+cx. I misread you. I believe it is calculated as sum(price that the bid was made x number of btc bid for). Wouldn't make much sense otherwise. |
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One more question ... on the 'Bid sum [kUSD]' chart above is it Sum (Bid Level * Volume) or the the Total Bid Volume * Current Market Price ? Apologies if this is not the right thread to ask the question Huh??? what would you like me to clarify ? There is no difference. |
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One more question ... on the 'Bid sum [kUSD]' chart above is it Sum (Bid Level * Volume) or the the Total Bid Volume * Current Market Price ? Apologies if this is not the right thread to ask the question Huh??? |
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You don't "have" to feel anything. The price is set by international demand, not fucking forum sentiment.
Maybe we are at A. Maybe we are nowhere at all since BTC gyrates more than a coked up belly dancer at a bull rodeo anyway.
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What utter crap. There are huge volumes trading at $120 too -- I've never seen it like this.
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I don't get the comments about weak volumes. Volumes look high to me. Compare them to before the crash.
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I fucking bought in at $130. ;_;
You are horrible and have no clue... Stop trading now! Bullshit, it's going up to $150+ by Tuesday. |
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Guys what's with the constant emo bear pessimism?
Get a grip.
The market has survived a parabolic rise and subsequent correction. This gives every reason to be bullish. $135 is a very fair price an I fully expect it to continue rising in the coming weeks and months.
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I've been using the json-rpc API. I like it, I think it's going to solve a lot of problems. Thank you!
Said this while blockchain.info is down. Heh. Yes!! discovered soon after. Hope it's not down too long... |
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The site has not been compromised in any way. I think some users are possibly using the same usernames on bitcointalk as alias's to blockchain wallets in combination with weak passwords and using the same password on other bitcoin sites.
As always I recommend to never reuse the same password on any other websites and to use the chrome/firefox browser extension (not the verifier).
In other news... the site has been down pretty much all day though, right? Any news? |
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No, people would still be welcome to panic sell, if that's what floats their boat...
But when they are choosing an order, they can choose a normal order, or one of the innovative options (with suitably funny names... "catch a falling knife?"). If the orders ever executed, you'd probably get a good deal, and if they were popular they would help balance the market.
I'm gonna build this into my project....
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I've been using the json-rpc API. I like it, I think it's going to solve a lot of problems. Thank you!
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I think more innovative tools provided by the exchanges would help against panic selling.
For example, how about an option to have buy orders that are re-placed automatically 10-20% below the current price every 20 minutes? Same for sell orders -- 20% above the current price, and re-placed every 20 mins.
Bitstamp's "instant order" is a similar process, but they just reposition your bid to the current price every 10 mins.
It would need some tweaking, but they might be popular options, and would help to smooth very fast fluctuations.
.... Actually, I'm going to build this now.
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I think the problem with most published code is not that it was published, but that it was poor. I'm setting up an exchange soon and went through them with a fine-toothed comb. Each of the two main published codes had fairly obvious flaws -- both in terms of security and performance. One in particular had obvious contention problems dealing with user funds, and didn't use SQL transactions. Another ran up queries in loops without freeing results.
I'm planning for mine to hold up better. Happy to talk after I release. Key part of my strategy though is NOT to handle bitcoind in-house.
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This looks nothing like it is being manipulated. Volumes are huge. There is absolutely no evidence of the price being manipulated upwards.
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I believe the sudden unexplicable buying / selling throughout today has been caused by people battling to change the colour, range and fill of the candle on todays daily chart.
They're trying to change it to suit their own agenda.
There appears to have been some frenzied action late yesterday as well but I wan't watching.
The opening price today as reported on the Clark Moody website is $68.49.
Earlier today we saw a series of unexpected huge purchases right off the order books raising the price in total by more than $20 to a high of $98.77799, then it stopped.
Next various ask walls popped up, the largest of which is on $70, right now someone wants to purchase 22529 Bitcoins at $70.xx
Why is that ? I suspect it's solely to protect the closing price, if it closes lower than the opening then it's a red candle.
So in conclusion I'd suggest that the madness today has been a battle between the people who want the candle to be red and those who want it to be green.
A forced green candle at this stage isn't going to be a good thing, whoever's doing this has spent a lot of money and I have no doubt that there's little atruism in their intent.
My prediction : this is a large scale bull trap being laid out before us.
Maybe I'm wrong but that's the way it looks to me.
So when the market goes down $40 in a day it is a "correction", but when it goes up $25 in a day it is inexplicable? The real truth is easy: there are more people who want BTC and think the price will go up than those who think it will go down. |
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