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

[UnholyTrinity]

400 k of new longs opened! Seems promising and bullish.  

I'm buying.

Count me MF in, i´m buyin all i can, just like every other day! Everytime longs increase it is bullish , same thing when shorts increase=bullish. When longs or shorts go down it is also bullish.
I learned that in the trading school of inca. What could go wrong?

It's difficult for bitcoin to reach $250 for long time, some people ready to dump their bitcoin when bitcoin price at $250 or above
And then bitcoin price down to $22x again

It is currently 9 dollars away.

As soon as GBTC trades the price will jump another thirty dollars.

[inca]

Down a few dollars. Still just 1400 coins on finex back to 234 lol

[ChartBuddy]

Coin
Explanation

[uhoh]

bored of btc...

[Jammalan the Prophet]

Down a few dollars. Still just 1400 coins on finex back to 234 lol

Awesome.

1600 coins to 430 on stamp

=))))))))))))))))))))))))))))))))))))))))))))))))))))

[ricmi]

400 k of new longs opened! Seems promising and bullish.  

I'm buying.

Count me MF in, i´m buyin all i can, just like every other day! Everytime longs increase it is bullish , same thing when shorts increase=bullish. When longs or shorts go down it is also bullish.
I learned that in the trading school of inca. What could go wrong?

You don't sound so smart, because smart money like Citadel hedge fund is building a secret rocket on GBTC as we speak.

Also, what this milky dude said. Now is the right time to buy coins on BFX and leave them for good.

Just buy.

[UnholyTrinity]

Down a few dollars. Still just 1400 coins on finex back to 234 lol

Stupid bears are extremely premature today again. I can´t see any problem with the price as long as we are still above double digits!

[inca]

Down a few dollars. Still just 1400 coins on finex back to 234 lol

Awesome.

1600 coins to 430 on stamp

=))))))))))))))))))))))))))))))))))))))))))))))))))))

Such is a protracted bear market. But it cannot go on forever

[Jammalan the Prophet]

Down a few dollars. Still just 1400 coins on finex back to 234 lol

Awesome.

1600 coins to 430 on stamp

=))))))))))))))))))))))))))))))))))))))))))))))))))))

Such is a protracted bear market. But it cannot go on forever

NOTHING can go on forever.
Not this bear market , not  a bull market , and not bitcoin of course.
Sooner or later everything will be reduced to dust and memories

[inca]

Down a few dollars. Still just 1400 coins on finex back to 234 lol

Awesome.

1600 coins to 430 on stamp

=))))))))))))))))))))))))))))))))))))))))))))))))))))

Such is a protracted bear market. But it cannot go on forever

NOTHING can go on forever.
Not this bear market , not  a bull market , and not bitcoin of course.
Sooner or later everything will be reduced to dust and memories

Quite. I do rather hope btc rises before then though (so I can buy myself a nice yacht)

[UnholyTrinity]

How did GBTC react to the dump? Could they be added to chartbuddy? We need to know the REAL price for BTC. Why can´t i find their REAL price on any other exchange? Could somebody please explain again? I don´t understand!  

[JorgeStolfi]

These kinds of incidents and errors look just like things programs written for Computer Science 101 classes would produce. This isn't some minor rounding error anymore - if true, someone has messed this up big time!

Have you seen the BitGo integer overflow error? (BitGo gave to a lucky user a javascript tool to recover BTC from an old-format wallet.  The tool had an integer overflow bug that would send at most 2³² - 1 satoshi (~40 BTC) to the destination output, leaving everything else as transaction fee.  Fortunately the miner was nice and returned the ~80 BTC fee to the user.)

[YourMother]

How did GBTC react to the dump? Could they be added to chartbuddy? We need to know the REAL price for BTC. Why can´t i find their REAL price on any other exchange? Could somebody please explain again? I don´t understand!  

A couple of friends and me, we are selling bitcoins back and forth to each other for over 1 thousand a piece every time we meet in the evening. This is the real price of bitcoin. You don't need bitfinex and other shit exchanges like MadrigalCX and GBTGBC exchanges for a price discovery.

[dreamspark]

inb4 Finex rollback

[JorgeStolfi]

How did GBTC react to the dump? Could they be added to chartbuddy? We need to know the REAL price for BTC. Why can´t i find their REAL price on any other exchange? Could somebody please explain again? I don´t understand!  

GBTC data from OTCQX page at end of each day:

Date             day's price range      day's volume
---------------+----------------------+-------------
2015-05-04        37.98 --   42.00               765
2015-05-05        55.00 --   94.86               435
2015-05-06         N/A  --    N/A                125

According to a post on the SecondMarket Observer thread, when OTCQX updates the GBTC quote page, it ignores any trades smaller than 100 shares (10 BTC).  That is why the daily price range for today is shown as "N/A--N/A" ("not available") even though 125 shares were traded today.  Also, OTCQX has the same working hours as NYSE.

I don't think one can get better data from other sources; they can only get it from OTCQX.  Paying clients of OTCQX apparently have access to the trade log; perhaps someone can find some such client who would leak some hints...

EDIT: by the way, OTCQX is not like an ordinary stock or bitcoin exchange.  They seem to be more like a central database that collects and merges information from registered brokers; it is the brokers who keep the client's shares and execute the trades.  Right?

[minerpumpkin]

These kinds of incidents and errors look just like things programs written for Computer Science 101 classes would produce. This isn't some minor rounding error anymore - if true, someone has messed this up big time!

Have you seen the BitGo integer overflow error? (BitGo gave to a lucky user a javascript tool to recover BTC from an old-format wallet.  The tool had an integer overflow bug that would send at most 2³² - 1 satoshi (~40 BTC) to the destination output, leaving everything else as transaction fee.  Fortunately the miner was nice and returned the ~80 BTC fee to the user.)

Yeah, heard about that one. Overflow bugs are always very weird things to watch. It totally makes sense for such a bug to be undiscovered in a recovery tool or something like that, but it's not as if the trading engine of Finex has only been live for a day by now. Still, I'd be very interested in seeing what actually happened here (if anything happened, actually!)

[Chainsaw]

How did GBTC react to the dump? Could they be added to chartbuddy? We need to know the REAL price for BTC. Why can´t i find their REAL price on any other exchange? Could somebody please explain again? I don´t understand!  

GBTC data from OTCQX page at end of each day:

Date             day's price range      day's volume
---------------+----------------------+-------------
2015-05-04        37.98 --   42.00               765
2015-05-05        55.00 --   94.86               435
2015-05-06         N/A  --    N/A                125

According to a post on the SecondMarket Observer thread, when OTCQX updates the GBTC quote page, it ignores any trades smaller than 100 shares (10 BTC).  That is why the daily price range for today is shown as "N/A--N/A" ("not available") even though 125 shares were traded today.  Also, OTCQX has the same working hours as NYSE.

I don't think one can get better data from other sources; they can only get it from OTCQX.  Paying clients of OTCQX apparently have access to the trade log; perhaps someone can find some such client who would leak some hints...

EDIT: by the way, OTCQX is not like an ordinary stock or bitcoin exchange.  They seem to be more like a central database that collects and merges information from registered brokers; it is the brokers who keep the client's shares and execute the trades.  Right?

The bloomberg feed seems to display the complete dataset. I don't have access to this, but saw a screenshot in this thread a few days back which showed the various, small Asks I had set which were not visible elsewhere.

I sold 60 shares today at $65. Depending on which view you look at, that is either displayed or not.

This will all be moot when <100-share orders become noise.
It is unfortunate that in the bootstrap phase, over-generalized outlier rules remove much-needed visibility into whatever market activity does exist.

The most notable two events, in my mind, for the day were the utter lack of volume (no new BIT sellers), and a significant increase in the volume of Bids at $65. The amount increased as the day went on.

That said, in 3 days we have _not_ exploded upwards. It would take a single 1000 share seller to put the 50000 share Maxim order at $35 to the top of the list.

I played it safe, took the 50% gain with most of my remaining stake, and called it a day.

Continuing to watch with interest.

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[adamstgBit]

How did GBTC react to the dump? Could they be added to chartbuddy? We need to know the REAL price for BTC. Why can´t i find their REAL price on any other exchange? Could somebody please explain again? I don´t understand!  

GBTC data from OTCQX page at end of each day:

Date             day's price range      day's volume
---------------+----------------------+-------------
2015-05-04        37.98 --   42.00               765
2015-05-05        55.00 --   94.86               435
2015-05-06         N/A  --    N/A                125

According to a post on the SecondMarket Observer thread, when OTCQX updates the GBTC quote page, it ignores any trades smaller than 100 shares (10 BTC).  That is why the daily price range for today is shown as "N/A--N/A" ("not available") even though 125 shares were traded today.  Also, OTCQX has the same working hours as NYSE.

I don't think one can get better data from other sources; they can only get it from OTCQX.  Paying clients of OTCQX apparently have access to the trade log; perhaps someone can find some such client who would leak some hints...

EDIT: by the way, OTCQX is not like an ordinary stock or bitcoin exchange.  They seem to be more like a central database that collects and merges information from registered brokers; it is the brokers who keep the client's shares and execute the trades.  Right?

The bloomberg feed seems to display the complete dataset. I don't have access to this, but saw a screenshot in this thread a few days back which showed the various, small Asks I had set which were not visible elsewhere.

I sold 60 shares today at $65. Depending on which view you look at, that is either displayed or not.

This will all be moot when <100-share orders become noise.
It is unfortunate that in the bootstrap phase, over-generalized outlier rules remove much-needed visibility into whatever market activity does exist.

The most notable two events, in my mind, for the day were the utter lack of volume (no new BIT sellers), and a significant increase in the volume of Bids at $65. The amount increased as the day went on.

That said, in 3 days we have _not_ exploded upwards. It would take a single 1000 share seller to put the 50000 share Maxim order at $35 to the top of the list.

I played it safe, took the 50% gain with most of my remaining stake, and called it a day.

Continuing to watch with interest.

glad to see GBTC is now trading, but it make 0 sence to me that theres no one willing to get out of GBTC @ 650 and or placing sell orders above 650. Out of 1.4 millions shares 100 are up for sale, and at 4X stamps price, kinda ridiculous....

also what is this "MPID" thing? ( ManiPulator ID? )
can individuals go trade on this market? or do they have to go through an "MP"
what's the trading fees like?

also its really bizarre that coindesk did not report this news of GBTC trading.
and whats even more surprising is that BTC markets are down like 4%

I'm baffled.