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61  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 07, 2014, 10:13:26 PM


BS, go do more research again.


Same to you. I'm not really bothered, I have nothing in Gox, forgot how emotional everyone is around here. No facts just FUD and who can shout loudest.
62  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 07, 2014, 10:09:09 PM
We dont have a legit exchange right now.


Bitstamp is doing fine.
63  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 07, 2014, 10:07:46 PM
I really don't understand what people are doing at Gox, you sell your bitcoins that you cant withdraw for FIAT that you cant withdraw as well... the whole Gox situation doesn't make any sense to me, there is something happening behind the scene for sure.


People are having large amounts of coins returned to their accounts - the coins that were stuck in withdrawal. They have ceased all btc withdrawals but it is still possible to withdraw fiat - what would you do?

but you can't withdraw fiat

at least thats what i keep hearing....

From what I hear its only eur and usd withdrawals that are delayed (note delayed, not ceased), the Japanese have been able to withdraw with no problem the whole time.

Also if Gox do go under it's far better to be making a claim through the courts for fiat than it is with bitcoin, which could be near impossible depending on the legality in your country.

Anyway, I'm no expert, was just trying to explain why it could cause the dumps.
64  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 07, 2014, 09:57:23 PM
I really don't understand what people are doing at Gox, you sell your bitcoins that you cant withdraw for FIAT that you cant withdraw as well... the whole Gox situation doesn't make any sense to me, there is something happening behind the scene for sure.


People are having large amounts of coins returned to their accounts - the coins that were stuck in withdrawal. They have ceased all btc withdrawals but it is still possible to withdraw fiat - what would you do?
65  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2014, 08:00:49 PM

Yeah that does look good, very promising, pity it doesn't do candlesticks yet.
66  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 06, 2014, 07:18:46 PM
I've done that, checked properties, says I've set all the correct dns numbers as you've given above - and still it won't work.

Not expecting you to fix it for me, but think the developer needs to know, that solution is not 100%.
67  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2014, 04:54:42 PM
Looking again at the charts, I now think that the current "mini-crash" started at

22:54 UTC at Mt.GOX,
23:03 UTC at Huobi, Bitstamp, BTC-e, and Coinbase
23:06 UTC at BitFinEx and OKCoin

At this time I can see Houbi's data only through the 3-minute chart at bitcoinwisdom, so "23:03" actually means "from 23:03:00 to 23:05:59".

Those are the first 3-minute intervals when there was both a significant drop in price and a significant surge in volume.

If I am not mistaken, 23:03 UTC is 08:03 am in China and Japan.  

The mini-crash may have started at Mt.GOX and spread to the other exchanges. Or perhaps that Mt.GOX spike and drop were an unrelated coincidence, or both resulted from similar external causes.

Anyway 08:03 is a bit on the early side for Huobi; its trading often starts in earnest only around 09:00 or 10:00.

08:00 sounds like a plausible bank opening time after holidays.  Perhaps that was the moment when the Chinese exchanges enabled CNY withdrawals again?  


There were over 3k coins dumped on gox in less than 10 minutes, although the other exchanges were already heading slowly downwards.
68  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 06, 2014, 03:12:57 PM
If you have an Android device with chrome browser, all you have to do is to switch on data compression in advanced preferences, as described here: https://developers.google.com/chrome/mobile/docs/data-compression?hl=de

All request to bitcoinwisdom will be routed through Google's Server in the USA and bitcoinwisdom will work fine again.



Excellent, works - ty. Wish i had a bigger tablet tho Smiley
69  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: February 06, 2014, 02:54:58 PM
gutted Sad Not working for me either in the UK.
70  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2014, 02:31:21 PM


If can't see Bitcoin wisdom I am out!



Feeling the same.
71  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 05, 2014, 11:39:43 PM
Personally went all fiat 3 hours ago, have been seeing the warning signs for awhile now, I personally have traded btc for 2 years+ plus NY stock for a few, I can see the signs clearly, this price has been held by a huge team of manipulators for long time, this is going to be a slow down trend. Untill bottom is reached

is this confirmed?

Has proudhon gone into hiding?
72  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 05, 2014, 11:15:01 PM
2000btc sold on gox?  Shocked
Bears in the town...

Now 3000+ sold in last 10 minutes, gox is panicking - all other exchanges seem to be keeping their heads atm.
73  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 03, 2014, 01:23:33 PM
The problem with Gox is a bit like the 31st Jan deadline for China, nobody can go fully bullish while the prospect of them going under looms over us.

I say shut it down, let's take the hit, and then move on.... to the moon.
74  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 01, 2014, 03:34:08 AM
Can somebody research how many coins are sitting on those exchangers's order book?
I can't find a way to view the entire orders for huobi or okcoin

Well, considering the amount of trade they have, their order books must be huge, and must change very fast.

Since there are many sites (like bitcoinwisdom) that request that data every few seconds, their decision to truncate
the list is understndable.


Well , I doubt it.
I never believed china numbers and until now with every moment that passes it seems that I wasn't wrong.
Okcoin has been caught twice faking numbers so it's huobi next.

I remember too well when btcchina was claiming 4 times the volume with 1/4 of the orderbook gox had.

It's very strange OKcoin seems to have steady trades throughout the day, but Huobi definitely slows down during Chinese sleeping hours.
75  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 09:04:11 PM
We're famous! - well 2 of us are

http://www.ibtimes.co.uk/chinese-new-year-bitcoin-ban-end-days-or-empty-threat-1434495
76  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 08:35:51 PM
Breaking that 790-820 range feels impossible now

hardly.. I keep saying.. it's waiting till Jan 31st ..cause so many people have psychologically ingrained that a crash will happen, they can't risk missing cheap coins.. FFS adam's 50/50, I'm still full hodler, if anything I'd deposit to the exchange but I don't believe anything will happen...it would be the most epic business troll for btcchina to start accepting bank deposits at this time....if China is gonna stamp em two days later.. it simply would be the greatest troll ever.

I think a lot of people (including me) are more of the opinion that any further action by the Chinese government will happen after the 31st. So that means I'll be extra twitchy next week, not tomorrow.
77  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 08:09:22 PM
But in the next 24-36 months, bitcoin is somewhere between 10k-50k. It simply has to be. The scale at which the entities getting involved now operate scale wise, bitcoin will be forced there. And 17 year olds that mined this useless Internet money will have their minds blown.

Ah, the forced $50,000 per Bitcoin in 2017.  Let's see what this means.  

If miners decide to sell all their mined Bitcoins, (or 50%), this is how much daily fresh money is needed on the exchanges for the price to be stable:

2014-2016 :   $180 million ($90 million daily if 50% sold)
2017-2020:   $90 million ($45 million daily)                          <--- look here
2021-2024:   $45 million ($22 million daily)
etc.

Don't forget that they have to sell to cover their electricity costs. So, if Bitcoin is $50,000 in 2017, good luck in finding that daily fifty million dollars.


The US National Debt has continued to increase an average of $2.49 billion per day since sept 30 2012... good luck in finding that too Grin

edit: http://www.brillig.com/debt_clock/


this clock is much better:

http://www.usdebtclock.org/

Smiley

It's even worse in UK, they have a debt of 160 000 per capita, 3 times more than USA

That's strange, I haven't checked out the facts 'cos quite boring really but I have always understood from the FUD that is spread in the media that things may be bad in the UK, but the USA is much worse. We're all sheep - unless we can be bothered to find out the facts for ourselves.
78  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 02:02:22 PM
Huabi has fake traffic.

Gox and okcoin too, I wonder what percentage of trades aren't fake - mine are real, I promise Smiley
79  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 01:58:09 PM
So with hours to go before the ban, BCTChina added direct bank transfers as funding and withdrawal options again. The last few weeks they only hat the voucher system operating.

.


https://twitter.com/emilyspaven/status/428823936281767936
Its available since yesterday, you have to log in to see for yourself

http://www.coindesk.com/btc-china-accepting-bank-deposits/

the question is:

Will the Chinese dump all their money into the market before its illegal or will they pump out all their money that is left.

Question of if its going to a big rise or a big fall.

Their volume hasn't increased since yesterday, I'd stay at Huobi if I was Chinese. I really wish I could trade at Huobi Smiley
80  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 01:36:06 PM
Ye except poker is a job for a decent chunk of people playing on these sites. I myself have friends who were forced to move outside of US just to continue playing.

Yeah, I didn't want to be rude to these guys; entertainment and online games are jobs like any others.

I just wanted to emphasise the fact that there is a big creation of wealth with bitcoin that other activities don't provide.

plus i wouldnt want to mess with all the silicon valley VCs which are investing more and more money into Bitcoin landscape. Poker sites are just irrelevant. Its a game, not a technology.

A multi billion dollar game, I think you are vastly underestimating the money that was in poker. With more interest than btc, a game senators play, a game americans play as children around the kitchen table....and still they banned it. It didn't matter that they could have made a killing taxing it. They saw danger for the US public, associations with crime - and they closed it down.

What do you think would happen if just one trusted entity (amazon, google, UK financial sector) introduced their own coin with none of the connotations with crime, better security and able to be fully compliant with current money laundering regs?

Anyway I'll stop now, I just wanted to discuss it, not talk myself out of it Smiley
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