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

[JimboToronto]

Some exchanges, like Bitstamp and Bitfinex are open to international business.

Others, like Cavirtex are open only to residents.

Does anyone know what the policy of the new regulated American exchanges will be?

[gentlemand]

Some exchanges, like Bitstamp and Bitfinex are open to international business.

Others, like Cavirtex are open only to residents.

Does anyone know what the policy of the new regulated American exchanges will be?

Looks like US only for now with plans for further afield later.

[dreamspark]

can anyone think as to what advantages bitstamp and bitfinex will have if fully insured and regulated exchanges open?

Is it that they will have less regulation so to speak and this itself will be an advantage?

Well Stamp is likely to slip further into a coma but Bitfinex will be fine, regulated exchanges wont offer margin. However with the exchange supposedly being insured general buying and selling is likely to move to more regulated avenues.

Stamp has Pantera on his side... So it will probably stay around for a long time  

Slip further into a coma implies it will still be around but a graveyard in comparison to when they were one of the biggest exchanges. The customer doesn't care about Pantera and theres 0 loyalty involved when deciding who to trust with your coins and fiat.

[JorgeStolfi]

How is this good news?

My thought is this makes the acquisition of BTC safer, easier, and more available.

I though that, Coinbase being already licensed as a payment processor, a Coinbase customer already could
* deposit dollars at Coinbase
* buy bitcoins at Coinbase,
* withdraw his bitcoins,
* send bitcoin to a merchant
* have Coinbase send the dollar value of his bitcoins to merchants

With a money transmitting license, a Coinbase client can also
* sell his bitcoins to Coinbase (or other Coinbase clients)
* withdraw the dollars from such sales

I.e. Coinbase becoming a fully licensed exchange makes it easier for people to sell their bitcoins (not just spend them in purchases).  They could already buy bitcoins from them, so that part did not get any easier.  

Is this correct?

[dreamspark]

Stamp be going crazy.

EDIT: wtf is going on over there!

[marcus_of_augustus]

make you a deal, expand as a summation series and give me a closed form expression for the 3rd term (coefficient for x^3) and I'll reveal all ...

1+(x/3π)?

that's the 3rd term for the product series ... "... expand as a summation series ..."

[marcus_of_augustus]

Stamp be going crazy.

EDIT: wtf is going on over there!

wall st. has arrived!!! ...

yawn ( tell us something we don't know, who do they think has been fucking with the price for the last 6 months? bitpesa?)

[re-actor]

Stamp be going crazy.

EDIT: wtf is going on over there!

"Shake and Bake" Wall Street style

[Gatekeeper]

Remember Litcoin Huobi countdown timer?

S e l l   w h e n   e v e r y o n e   i s   b u y i n g .



Goodbye.

8hrs ago you said it was going to crash within  a couple hours.

that worked out well for you didn't it?

[shmadz]

can anyone think as to what advantages bitstamp and bitfinex will have if fully insured and regulated exchanges open?

Is it that they will have less regulation so to speak and this itself will be an advantage?

For me, none. On the contrary. I think it's about time for every exchange to be regulated or at least post every transaction to the ledger. Transparency is the key. No more Gox-phenomena with Willy bots will occur this way.

MF Global was regulated. How did that turn out?

I'm all for transparency, but the current regulatory system is corrupt top-to-bottom and has no business sticking it's nose into bitcoin dealings.

If you want secure, then sit around and wait for the confirmations. If you want fast, well, then you're gonna have to trust someone. But if you think regulations are gonna protect you, just remember how regulations worked out for mf global customers.

Also, check recent amendments. Derivatives held by banks (too big to fail) are now covered by FDIC. meaning covered by your tax dollars, and your children's tax dollars, and their children's tax dollars...

OK, I guess that's enough, I'm go to bed now, have fun everybody!

[WeltMaster]

"... expand as a summation series ..."

=3 + x/π - x/2π + x/3π ...

?

[edit]
..wait, shit.

You want me to (f'''(a)/3!)*(x-a)^3  ?

 

[oda.krell]

How is this good news?

My thought is this makes the acquisition of BTC safer, easier, and more available.

I though that, Coinbase being already licensed as a payment processor, a Coinbase customer already could
* deposit dollars at Coinbase
* buy bitcoins at Coinbase,
* withdraw his bitcoins,
* send bitcoin to a merchant
* have Coinbase send the dollar value of his bitcoins to merchants

With a money transmitting license, a Coinbase client can also
* sell his bitcoins to Coinbase (or other Coinbase clients)
* withdraw the dollars from such sales

I.e. Coinbase becoming a fully licensed exchange makes it easier for people to sell their bitcoins (not just spend them in purchases).  They could already buy bitcoins from them, so that part did not get any easier.  

Is this correct?

They weren't an exchange. Now they are one, if the WSJ article is to be trusted.

Until now, Coinbase had none of the liquidity requirements any half-serious trader needs (see here for buy/sell limits, for example)

So, yes. It makes it "easier for people to sell their bitcoins". But, if true, oh boy does it also make it easier for people to buy them ^_^

[inca]

Remember Litcoin Huobi countdown timer?

S e l l   w h e n   e v e r y o n e   i s   b u y i n g .


Goodbye.

Wasn't it goodbye this morning when you warned us of an imminent crash? The price seems to have risen since then.

[samsonn25]

If coinbase changed their high fee of 1% plus transaction charge, and allows limit orders to buy and sell would be a game changer as there is no reliable exchange in the US.

[marcus_of_augustus]

"... expand as a summation series ..."

=3 + x/π - x/2π + x/3π ...

?

[edit]
..wait, shit.

You want me to (f'''(a)/3!)*(x-a)^3  ?

 

something like that but more difficult .... probably not the place for it here ... PM sent.

[drbrock]

https://www.youtube.com/watch?v=ZWCAP5N1Prg

[criptix]

bitfinex: a 8000 btc buy would get the price to 499, a 8000 btc sell would bring the price down to 230

bitstamp: a 5900 btc buy would get the price to 500, a 5900 btc sell would bring the price down to 230

(on the visible orderbook)

 


/edit orderbooks on the askside are playing crazy on finex

[inca]

I have remarked several times that what bitcoin needs is regulated US exchanges. I guess they will be coming sooner than I expected. Should stop the Chinese faking the price up and down at will.

[inca]

bitfinex: a 8000 btc buy would get the price to 499, a 8000 btc sell would bring the price down to 230

bitstamp: a 5900 btc buy would get the price to 500, a 5900 btc sell would bring the price down to 230

(on the visible orderbook)

 

Nothatinjusttrollin would have you believe that is somehow bearish!

[BTCtrader71]

How is this good news?

My thought is this makes the acquisition of BTC safer, easier, and more available.

I though that, Coinbase being already licensed as a payment processor, a Coinbase customer already could
* deposit dollars at Coinbase
* buy bitcoins at Coinbase,
* withdraw his bitcoins,
* send bitcoin to a merchant
* have Coinbase send the dollar value of his bitcoins to merchants

With a money transmitting license, a Coinbase client can also
* sell his bitcoins to Coinbase (or other Coinbase clients)
* withdraw the dollars from such sales

I.e. Coinbase becoming a fully licensed exchange makes it easier for people to sell their bitcoins (not just spend them in purchases).  They could already buy bitcoins from them, so that part did not get any easier.  

Is this correct?

I think you've been able to buy and sell bitcoins on coinbase since its inception. I don't know what the different limits are but I know for a fact that (as early as 2013 when I opened an account) it has been possible to send coins to coinbase, sell them, and have the USD deposited in your bank account.