you are just proving my point more! the huge walls are going down. price is going up. end of story 

Coinbase fees are out of controll. I can see that they are a buisness and need to make money but they all ready cover the bank fee by charging a bank fee and then on top of this they get ten bucks if you buy ten or fifty bucks if you buy fifty.... thats to high especily becouse they get you going both ways! buying and selling. does it really cost 20 bucks to put 20 coins back into my bank account? or does it cost 15 bucks (plus bank fees) to take my money and buy some coins?


on top of this they want you to wait a week before you get the coins or the money. I think its rediculious for that kind of fee.

what do you think, do you want lower fees on coinbase? if you do then comment below and maybe we can get them to lower them a bit.

dont get me wrong i like coinbase and i like there service but if enough of us say somthing then maybe they will take there fees down a bit.

maybe these are not whales but they are big fish. take even the 236 buy. 236x93 is 22k. bam just dropped 22 thousand USD on "risky" bitcoins that all the bears are saying is going to go to 30 bucks.

or that 705 buy!?! your saying thats not a big fish? 705x96.36 (its what he bought at) = 67,933.80 your telling me some one with 68 grand is going to buy in without knowing something. no no no that 68 thousand dollar owner knows something. rich people are frugal they dont gamble with there money they make it grow. rich people are rich cuz they make there money "work" for them! he/she will wait a few day or a few weeks for this "thing" to happen. what is this thing? sorry we are small fish.... minnows maybe. all I know is that I will follow the big buys and the big sells.

ya and i got in at 87 this time. i think the bottom was 65.

I got some at 70 and at 80 sold at 90 though.


but then right when i saw some big buys go through I said ok ill follow the big money. I mean come on 150 225 300 335 182 220 480 705 and a ton of 100 and even more 50 to 90 coin buys. all within minutes.

so if a foreign bank, like an off shore account in Switzerland has most of its business with USA citizens then it has to comply with the us laws? no way, that is the point of having an offshore account so that the US cannot touch it and is not applicable to the laws here in the states. "but that is a bank and not an on line business" hum well I think that that bank has a web page that you can move money around. Now Im not 100% sure because I do not have money in an off shore bank account, but you are telling me that i should not trust that bank because it is not in compliance with FINCEN?  nor should most million/billion airs

cant see you
 

as we are 4 dollars away. it will suck to be wrong. its ok bear, there is always apple to buy into and you will be happy there. good place for bears to live.

im witnessing a spike in price and buys. will it continue is the question. IMO it will be 120  in a few weeks. 3-4 but who am I to say, just a speculation. if we keep seeing these negative things and problems ie- SD sell then ya it could not get that high.  If things get left alone and the markets just goes on its natural course I do believe that 120 is very probable.

but im just a loan wolf 

when did i say bitstamp? look at gox my man, look at it right now on bitcoinity. I hat repeating my self. look at MT GOX and THE USD THE JUMP UPS. and no i did not just learn a few days ago. i was just bringing up a point. I have been traiding coins since late 2011. haha i was buying them when they were 2.50  I remember dropping only 250 and getting 100 coins. but your right there have not been a 705 169 141 252,268  218 186 coin buys in the last five minutes. haha can you buy seven hundred five coins at one time? thats over 66K in one buy. your right no big fish are buying. go ahead and wait. there is no significant buys going on.

woops there is another 471 coin buy. ya thats just pocket change for me too.... now where did you put that silver spoon?

coinbase user for about six months now. ya it was kinda dumb at first they almost never had coins and they would tell you to come back later to try to buy coins. and the wait time was bad so i used them and bitinstant for my coin purchases. now its way smooth. you can just buy 50 or sell 50 in any given day. its not for traders its to get your bank account linked realy. so now that im verified i can buy not ten but 50 per day and its instant. then i take the 50 coins over to bitstamp and traid back and forth on that exchange. also coinbase now uses an average of the exchanges to get its price for btc. so ya its mostly between gox and bitstamp since those are the only two relevant exchanges.

+1 this




Bitstamp currently 87% of the way to overtaking mtgox as the largest USD market.  Hopefully the thread title can be changed soon.

Nice, just let me know when

take a look at bitcoinity, on usd mt gox, look at those three jumps when you put the selector at 24hrs. the point is there are thee jumps of volume that is between 125 and 150 thousand. price is on the slow up hill and i can dig that. there have been some what significant gains with a few big buys driving it. tell me that is not true. 

ha! nice one hahaha love it. ya i know three hundred is not the whale but its a bigger fish then me. ok so im a minnow. no not a hatchling but 50-60 holding and another half that in fiat side for buying when it dips.

but ya if you can afford to buy 300 "oh so risky" chips then ya thats a big fish in my book. There is big fish and then sharks and then Whales. over a mil in fiat or 10,000 BTC and you are a whale. you got 30,000.00 to buy at once on coin than yes you are a big fish. and if you think that thirty thousand is not that much and is nothing then you are a silver spoon. if you are saying "in the grand skeem of things" ya its not a tone but look again. 125k in twenty minutes. that is what i was following. thats all. if you see several 300 buys go buy and the price jumps looks like a rocket then get the cheep. you never know if its a blip (i guess it kinda turned out it was just that) or you could be on the base level of a boom. im still used to seeing it jump up 20 bucks in an hour still liven in February i guess.  and just now big dip. ha damn coins they will be the death of me. just kidding. i gotta make sure people know i am joking. there are some very very literal people on this damn thing.  anyways I hope it goes up for everyone personaly. back to the 150s thats all i ask for.

just got in on coinbase, right when i saw all those 300+ buys i thought man all these whales arnt going to buy 80 120 220 240 300 330 etc coins if they didnt thing it was going to go up, way up. jumped on coinbase and got what i could. hope they are right cuz this little fish is gunna follow those big ass fish! you may want to buy too?!? maybe. your choice.

btw i got them for 97.38 on coinbase and now they are 89.80. get in while you can under 90 bucks. i think we are due for a jump up.

just saw an 80BTC buy then a 60BTC buy then a 296BTC buy then a 330BTC buy another 80 and another 60

i just went to coinbase and bout up all i could afford. not 300 but a lot and i think the big cats know something so im game ill buy.

I know you bears are gunna hate on me but i dont care if i saw a 300 sell and another 300 and all those medium sells i would sell so ill follow the big fish. so many big buys just went in another 80, 60, 40, 25, 180, and sells are like one or two bitcoins. the biggest sell order i see on bitcoinity is for 14.

this works for me about 85% of the time.

i got in at 87.20 on coinbase. now its 89.80 to buy in. keep it up big fish. lets go to 120 then ill sell  

lastly, if the order book is the god of what price a btc is, then why couldn't a big fish put up large walls on eather side? then you would have a set price for the coin and no fluctuation. I mean hypothetically. to much risk involved? also when the price went up as much as it did why would people be selling then? some one was saying that ok i have five and ill sell if you give me 180. even though they saw it sky rocket to 260. seams strange. but at the same time make even more sense now. when it was going up i guess i thought that there were way fewer of them so you had to spend more to get them. the rarity made them more expensive. but there is not one satoshi that does not have a home its there? so how could that be. why would i think that? huh funny.

oh! yes I get it now.

and yes I did think that there were some mathematical calculations producing the price of a BTC  I thought that if there were x amount of coins and x amount is bought up then the price would reflect that. as in the total amount of money spent on bitcoins divided by the total amount of coins in existence then you would get the price per bitcoin. Thank you very much to take the time to explain this to me. much appreciated

thank you, i have looked at order books and see what you mean. so a wall of say 50 bitcoins to move it a few cents then only a few more btc to move it 50 cents. i get it kinda. but how does that explain a buy of abut 700 btc to go up a few cents then only a few bitcoins to go down a dollar. it would seam that you would have to sell almost 700 coins to make it drop that amount since that amount was taken off the market. you know what i mean.


buy 400 goes up ten cents a few sells goes down a dollar another 200 buy and goes up three cents.... it should go up that dollar it just lost then eat the wall that is set above the sell that it just went down right?

what im seeing is that it does not matter the ammount of coins bout at a price that moves the price but if there is a purchase at that price to move it.

what I am saying is on bitcoinity you will see the price say at 91.00 then on the right you see that oh some one just bout one bitcoin at 91.02 so then the price is that. then you see ten more buys all with .02 that are bought that push the price up to 92.86 now how can this be. a whole flippen bitcoin was bought and it pushed the price that high??? wtf please explain this. also on the flip side of selling.

ALSO! i do not get this bit as well: you see some one buy 289 bitcoins at 91.00 then you see some one buy one bitcoin at 90.02 then you see some on buy 465 bitcoins at 90.04 why would the price not go way up since 700 bitcoins just got bought. but then .02 .02 .02 .02 .02 all sell bitcoins and it drops the price more than a buck. what the fuck is that how can less than one bitcoin being sold make it go down a whole dollar but buying seven hundred makes it go up a few cents. but then you see. .04 .18993 1.23 3.4 .02 .02 .02 buys and then its up 95 cents. how is that even possible after 700 made it move only a few cents.

clearly im an idiot and im missing somthing here cuz this is just blowing my minde.

btw im looking at bitcoinity and on the usd mtgox

but bitstamp on bitcoinity im sure is just the same.

please explain- and try not to be to much of a jerk about it. i know its simple but i guess im still a noob.

this! i have no desire to do all of that work. bla. but it is lovly to think about. but rilly cant you just do this? go to bitinstant and not buy coins but put fiat on the money side of bitstamp. put buy orders in low like a few dollars low. you know it will hit that. then when you buy for 81 bucks you have your coins then send coins (no fee) to wallet then wallet to mt gox (or just to gox) and sell at there price and send back to  your account. you have made about eight per coin minus any gox fees for deposits and 3.99% fee of bitinstant. maybe not the most money ever but say a hundred coins and ..... nope i just remembered 500 dollar max daily limit of buying on bitinstant. im sure you and "your buddies" could set up ten accounts. idk prob not worth it but it does seam intising. say due to fees that eight dollar diff would only be 4. well times that by 100 coins and that a free 400 bucks. maybe get a thousand coins (if your rich) and then thats 4k you would make. this is not exact science but it seams like there is something there.