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

[podyx]

http://www.zerohedge.com/news/2015-01-30/brazils-economy-verge-total-collapse
http://www.zerohedge.com/news/2015-01-30/mexican-peso-collapsing

brazilian Real and mexican Peso fiat pyramid schemes unravelling faster than usual

Like it isn't destined for paper currencies to go to shit...

[1715440731]

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[tarmi]

I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks

Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.

You logic doesn't make sense to me.
Assuming their insider information really helps them to gain an effective advantage and thus continuously make them money then you should assume they want to keep this operation running (as is) as long as possible. Why would you assume they are and will continue to constantly loosing money while trying to exploit their presumed (but technically proven to be ineffective) advantage (assuming they make more losses than profits) or choose to steal everything (thus becoming actual criminals) rather than continuing an already profitable operation (without effective legal problems)?

I think the Gox insider trading (Markus/Willy) was presumed to be a last (failed) attempt to recover funds which had been lost already (due to an earlier hack). But the new theories tend to think otherwise (those bots didn't belong to Karpeles but a [inside or outside] hacker who used them to steal the funds).

Well... they admitted inside trading. They already have a gold mine (fees + lending), so why would they need to destroy they reputation with inside trading? I would say there is something wrong. I did a lot of trading there and I still do, but only with a small % of my coins. Just my thoughts

why did karpeles? he had millions form the fees and yet he destroyed his gold mine.

I think the answer is quite simple - he was a poor fucker who wanted more. if spice stops to flow for some reason you can always cook your books and manipulate order books.

Imagine that all the BTC Finex have available for swaps are made up. They use them to short the price and build up huge reserves of cash while driving down the price. At the right time, after they have used the cash they drained out of the ecosystem to buy enough artificially cheap coins, they  stop shorting and start letting the price naturally correct.... profit...

unlikely.

if something is made up then it must be cash.  when cash dries up you come with a hack or withdrawing story.

Can you explain why this is unlikely?

Bitcoin available for swaps would never leave the internal ledger books if they were lending them to themselves.

sooner or later someone will try to buy and withdraw those non existing coins.

fiat it is much easier to manipulate and it can be created from thin air easily.

bitcoiners learned from the best.

[marcus_of_augustus]

http://www.zerohedge.com/news/2015-01-30/brazils-economy-verge-total-collapse
http://www.zerohedge.com/news/2015-01-30/mexican-peso-collapsing

brazilian Real and mexican Peso fiat pyramid schemes unravelling faster than usual

Luckily, on a bitcoin forum, it is highly unlikely anyone would have serious savings in Brazilian reals.

yea, you are probably right.

Brazilian Reals look like a complete Amway product hype network marketing ploy, can't believe anybody would have fallen for them, I mean where's the technological backing? Once the Brazilian goverment runs out of new marks to foist debt onto the whole thing will implode on itself.

[ejinte]

the 2.0 space is going to be much bigger by the end of the year. one of them is going to cause another wave of insane innovation.

Maidsafe

[Bernard Lerring]

How does MaidSafe differ from StorJ?

Edit: off-topic, but there's nothing else to talk about in this thread tonight!

[foxbitcoin]

Why does the google trends chart end before the BTC value chart?

[ChartBuddy]

Coin
Explanation

[Walsoraj]

Chinese exchanges going retard full rational bear, again 

Fixed.

[JorgeStolfi]

http://www.zerohedge.com/news/2015-01-30/brazils-economy-verge-total-collapse
http://www.zerohedge.com/news/2015-01-30/mexican-peso-collapsing
brazilian Real and mexican Peso fiat pyramid schemes unravelling faster than usual

Could have been worse; but luckily bitcoin did not find much appeal here. 

[damiano]

someone is cleaning up in futures with these $5-6 dollar swings

[JorgeStolfi]

"This is still an experiment" Lol you sound like Gavin

Yeah, like, what does that retard know about bitcoin? 

[bad trader]

Chinese exchanges going retard full rational bear, again  

Fixed.

There's no rationality quite like the full rationality that suddenly strikes you slightly before 6 am on a Saturday morning in China.

edit: Oops.. 8 am. Still pretty early.

[Walsoraj]

someone is cleaning up in futures with these $5-6 dollar swings

By someone, do you mean the owners of BFX?

[bad trader]

someone is cleaning up in futures with these $5-6 dollar swings

By someone, do you mean the owners of BFX OKCoin?

Fixed.

[mrkavasaki]

lol bitcoin is dead, i doubt it will ever recover

[Walsoraj]

someone is cleaning up in futures with these $5-6 dollar swings

By someone, do you mean the owners of BFX OKCoin?

Fixed.

That works too. 

[ejinte]

How does MaidSafe differ from StorJ?

Edit: off-topic, but there's nothing else to talk about in this thread tonight!

In quick words I'm quoting:

From what I understand, MaidSafe is basically for creating decentralized applications for anything. They want to decentralize all aspects of the internet. Storj on the other hand is specifically decentralized data storage (dropbox like service)

From this thread on letstalkbitcoin.com:
https://letstalkbitcoin.com/forum/post/why-storj-is-not-a-maidsafe-competitor-and-is-worth-supporting


Discussion on the maidsafe forum where both super3 (StorJ guy) and David Irvine (who started the Safe Project) has answered:
https://www.maidsafe.org/t/what-is-storj/768

[Bernard Lerring]

Bookmarked for when I'm less tired. Thanks!

[Walsoraj]

http://bitcoinity.org/markets/list?currency=USD&span=24h

Is this accurate?  Coinbase doing less than half of BTCe's volume?

[relm9]

http://bitcoinity.org/markets/list?currency=USD&span=24h

Is this accurate?  Coinbase doing less than half of BTCe's volume?

I'd assume so. Not really surprising. The exchange just opened, and it does not seem buys on the regular Coinbase site execute as market buys on the exchange.