Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Explanation

[Walsoraj]

Do not fear going forward slowly; fear only to stand still.

there is nothing to fear but fear itself.

Fear is the mind-killer. Fear is the little-death that brings total obliteration.

[cbeast]

Do not fear going forward slowly; fear only to stand still.

there is nothing to fear but fear itself.

Fear is the mind-killer. Fear is the little-death that brings total obliteration.

Fear is the seasoning that makes life taste interesting.

[Adrian-x]

NOTE: There is nothing notable today.

I thought Adam asking you to get some skin in the game was notable  

Not drinking while playing the drinking game is cause for suspicion.

[spooderman]

Do not fear going forward slowly; fear only to stand still.

there is nothing to fear but fear itself.

Fear is the mind-killer. Fear is the little-death that brings total obliteration.

Fear is the seasoning that makes life taste interesting.

[windjc]

If it makes you bulls happy (and I am sure it will) I'm a little annoyed that the Chinese markets actually responded bullishly to such crap PR released yesterday. And I won't be surprised if we get follow through today based on the size of the green candle yesterday.

I guess my predictions of a large fall may have been pushed back 2-7 days. It seems like its not going to happen until the exchanges (particularly Houbi) admit that accounts have been closed. And they may never actually do that. We will probably only here from outside sources.

The Chinese exchanges are all about framing the narrative. They are also all about prolonging the unavoidable.

[ElectricMucus]

 when I look at the future i see a chinese soldiers boot stomping a bitcoiner forever

[ChartBuddy]

Explanation

[adamstgBit]

BITCOIN JESUS!

[JorgeStolfi]

Huobi posted the "five exchanges agreement" notice on their homepage, and also added the following attachement explaining their new/upcoming fee policy for high-frequency trading:

关于高频交易收取服务费以及关闭融资融币服务的说明

时间 ：2014-05-06 13:35:07 来源： 火币网
尊敬的火币网用户：

    使用高频交易（API交易）收费说明
   高频交易用户在为市场带来巨大流动性的同时，也增加了市场的投机性。为了遏制过度投机，保护普通投资者利益，对使用API进行高频交易的用户收取适当的服务费，适度提高高频交易的成本，是业内目前达成的共识。

   1、普通api：进行交易频率和次数的限制，普通用户可以免费使用；
   2、机构api：进一步升级api服务，不限制频率和次数，收取一定的服务费用；
机构api具体收费方式将在业内达成共识后，于近期公布。正式公布细则前，所有api交易仍然免收手续费。

    关闭融资融币服务实施细则
   1、5月10日0点开始，火币网将停止新的融资融币，在全部融资或融币还清后停止杆杠交易业务。
   2、5月10日0点之后仍然有未还清借贷的用户，可以选择任意时间还款；
   3、5月10日0点开始，取消借贷费率每10天增加20%的规则；
   4、5月10日0点开始，没有未还清借贷的用户，系统将不再展示借贷及预约借贷功能模块，有未还清借贷的用户，可以访问借贷功能进行还款操作。


   火币网运营部
   2014年5月6日

Google Translate, with a few fixes (Fire coins network --> Huobi.com):

Charge service fees on high-frequency trading and closed financing currency financial service description

Time :2014 -05-06 13:35:07 Source :Huobi.com
Dear Huobi.com users :

    Use of high-frequency trading (API transaction ) fee Description

   HFT users tremendous liquidity to the market, but also increases the speculative market. In order to curb excessive speculation and protect the interests of ordinary investors, the use of high-frequency trading API for users to receive appropriate service fee, an appropriate increase in the cost of high-frequency trading, is the consensus reached by the industry at present .

   1, the general api: restrict the number and frequency of transactions, ordinary users can make free use;

   2, the agency api: further escalation api service does not limit the frequency and number of charge a service fee;

Agencies api specific charges after the way the industry will reach a consensus on the recent announcement. Prior to the formal announcement of Association, all api transaction is still handling charge.

 Close currency financing financial services implementing rules

   1. beginning May 10th at 0:00, Huobi.com new financing will stop financing currency after currency to pay off all of the facility or stopping leveraged finance transactions.

   2. after May 10th at 0:00 still has not repaid borrowings user can choose any time of repayment;

   3. beginning May 10th at 0:00, canceled lending rates increased by 20 % rule every 10 days;

   4. Beginning May 10th at 0:00, did not pay off the loan with no user, the system will no longer show lending and borrowing reservation function module, a user does not pay off borrowing, lending functions can be accessed repayment operation.

   Huobi.com Operations
   May 6, 2014

[mooncake]

Huobi posted the "five exchanges agreement" notice on their homepage, and also added the following attachement explaining their new/upcoming fee policy for high-frequency trading:

关于高频交易收取服务费以及关闭融资融币服务的说明

时间 ：2014-05-06 13:35:07 来源： 火币网
尊敬的火币网用户：

    使用高频交易（API交易）收费说明
   高频交易用户在为市场带来巨大流动性的同时，也增加了市场的投机性。为了遏制过度投机，保护普通投资者利益，对使用API进行高频交易的用户收取适当的服务费，适度提高高频交易的成本，是业内目前达成的共识。

   1、普通api：进行交易频率和次数的限制，普通用户可以免费使用；
   2、机构api：进一步升级api服务，不限制频率和次数，收取一定的服务费用；
机构api具体收费方式将在业内达成共识后，于近期公布。正式公布细则前，所有api交易仍然免收手续费。

    关闭融资融币服务实施细则
   1、5月10日0点开始，火币网将停止新的融资融币，在全部融资或融币还清后停止杆杠交易业务。
   2、5月10日0点之后仍然有未还清借贷的用户，可以选择任意时间还款；
   3、5月10日0点开始，取消借贷费率每10天增加20%的规则；
   4、5月10日0点开始，没有未还清借贷的用户，系统将不再展示借贷及预约借贷功能模块，有未还清借贷的用户，可以访问借贷功能进行还款操作。


   火币网运营部
   2014年5月6日

Google Translate, with a few fixes (Fire coins network --> Huobi.com):

Charge service fees on high-frequency trading and closed financing currency financial service description

Time :2014 -05-06 13:35:07 Source :Huobi.com
Dear Huobi.com users :

    Use of high-frequency trading (API transaction ) fee Description

   HFT users tremendous liquidity to the market, but also increases the speculative market. In order to curb excessive speculation and protect the interests of ordinary investors, the use of high-frequency trading API for users to receive appropriate service fee, an appropriate increase in the cost of high-frequency trading, is the consensus reached by the industry at present .

   1, the general api: restrict the number and frequency of transactions, ordinary users can make free use;

   2, the agency api: further escalation api service does not limit the frequency and number of charge a service fee;

Agencies api specific charges after the way the industry will reach a consensus on the recent announcement. Prior to the formal announcement of Association, all api transaction is still handling charge.

 Close currency financing financial services implementing rules

   1. beginning May 10th at 0:00, Huobi.com new financing will stop financing currency after currency to pay off all of the facility or stopping leveraged finance transactions.

   2. after May 10th at 0:00 still has not repaid borrowings user can choose any time of repayment;

   3. beginning May 10th at 0:00, canceled lending rates increased by 20 % rule every 10 days;

   4. Beginning May 10th at 0:00, did not pay off the loan with no user, the system will no longer show lending and borrowing reservation function module, a user does not pay off borrowing, lending functions can be accessed repayment operation.

   Huobi.com Operations
   May 6, 2014

How will this affect btc price?

[bitcoinsrus]

BITCOIN JESUS!

[JorgeStolfi]

NOTE: There is nothing notable today.

I thought Adam asking you to get some skin in the game was notable  

Not drinking while playing the drinking game is cause for suspicion.

Please suspiciate at will.    As I said many times, I will buy bitcoin if and when I believe that it will be worth the trouble, compared to credit card etc.  I will not buy "just to try", not for investment, not "just in case it becomes worth a zillion some day". 

(By the way, I consider that last argument a sleazy sales trick to get thousands of small buyers, not only to raise the price - 100'000 people buying 0.1 BTC is 10'000 BTC taken off the market - but also to claim "increasing adoption".)

[JorgeStolfi]

How will [ Huobi's new HFT fee policy ]  affect btc price?

I have no idea, I can't even understand exactly what the note says.  However, today Huobi's volume was abnormally low up to 09:30 local time (01:30 UTC), it usually starts to pick up at 07:00.  Perhaps they have already curbed some robot trading. 

[mooncake]

Do you think this chart is important to the price? I do  

Look at the bottoms in Jul '12, Sep '12, Jan '13, Jul '13 and May '14.

https://blockchain.info/charts/bitcoin-days-destroyed?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=1&address=

I look at the tops rather than the bottoms. It seems like following the tops, the price usually dips?

[ChartBuddy]

Explanation

[JorgeStolfi]

PS. Re Huobi's volume: it has suddenly resumed.  Perhaps the robot pilots were expecting fees to start immediately, and only now they have read the attachment that says "starting May 10th ..."

[mooncake]

How will [ Huobi's new HFT fee policy ]  affect btc price?

I have no idea, I can't even understand exactly what the note says.  However, today Huobi's volume was abnormally low up to 09:30 local time (01:30 UTC), it usually starts to pick up at 07:00.  Perhaps they have already curbed some robot trading. 

Normal API use - No fee change.
Institutional API use (for HFT) - A fee will be imposed. Until then, no fee.

10 May - Stop all leverage activities.

[adamstgBit]

NOTE: There is nothing notable today.

I thought Adam asking you to get some skin in the game was notable  

Not drinking while playing the drinking game is cause for suspicion.

Please suspiciate at will.    As I said many times, I will buy bitcoin if and when I believe that it will be worth the trouble, compared to credit card etc.  I will not buy "just to try", not for investment, not "just in case it becomes worth a zillion some day".  

(By the way, I consider that last argument a sleazy sales trick to get thousands of small buyers, not only to raise the price - 100'000 people buying 0.1 BTC is 10'000 BTC taken off the market - but also to claim "increasing adoption".)

I'd like to make a bet with you that you will find that using bitcoin to place bets online with perfect strangers is fun, fast, easy and secure.

sooo....

wana bet?

I can take VISA for your "convenience"  
 
 

[adamstgBit]

http://youtu.be/y9wLHqfki_s