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

[nioc]

bitquick no longer takes customers from NY

That's because they're a centralized entity subject to NY laws. A decentralized computer program would not have that problem.

Edit: I actually wouldn't be surprised if OpenBazaar is used by some people as an exchange. Come to think of it...maybe I need to work on an "exchange store" on there...

Yes, I was just passing on a small bit of info.

I just checked the OpenBazaar site, it's been a while since I last did.  It's "Opening Soon" 
At least they are still working on it after a lull.

[dre1982]

Cheers everybody we just hit the $260.
Edit: Damn that was fast, straight $5 drop to $255 now.

Where did we hit that? Don't see it at Stamp or Finex.

[mexxer-2]

Cheers everybody we just hit the $260.
Edit: Damn that was fast, straight $5 drop to $255 now.

Where?

On preev.com , it calculates the USD price by taking prices from LBC, Bitfinex , BTC-E and Bitstamp.
Someone is manipulating the price a lot in one of those exchanges, it just went up to 259.7 and then back to 254.7 now.

[ChartBuddy]

Coin
Explanation

[hdbuck]

... if you are a big fish, there is always bitcoin-otc, wot and other 'safe' measures to get some (whilst you can)

And also that huge US Marshalls auction coming up...

hmyea no. i wouldnt touch these FBI tainted coins even if they'd be sold half the price for.

Because bitcoin not fungible

because most (smart) people just hold

When you say 'smart,' do you mean 'desperately lying to unload worthless bag, not caring who they hurt,' or 'stark-raving mad'?

hum not sure what is to unload since they'd be holding. stark raving mad? maybe.. ^^

anyway, bitcoin is not meant to transact with but rather just a safe haven for your savings, which is cryptographically secured by a 1/2 Exahash network as of now.

i would'nt care less about coupla centralized internet KYCer and regulated businesses parasites/scams/ponzi/unsecured/etc.

seriously, how fool it is to mimic the very same business models that led the financial world to the huge fraud it is now.

they are irrelevant if not totally doomed. so i think i'll pass. tyvm.

[yolalanda]

... if you are a big fish, there is always bitcoin-otc, wot and other 'safe' measures to get some (whilst you can)

And also that huge US Marshalls auction coming up...

hmyea no. i wouldnt touch these FBI tainted coins even if they'd be sold half the price for.

Because bitcoin not fungible

because most (smart) people just hold

When you say 'smart,' do you mean 'desperately lying to unload worthless bag, not caring who they hurt,' or 'stark-raving mad'?

-snip-
TL;DR: Lying. Also stark-raving mad.

Got it, ty.

[LMGTFY]

On preev.com , it calculates the USD price by taking prices from LBC, Bitfinex , BTC-E and Bitstamp.
Someone is manipulating the price a lot in one of those exchanges, it just went up to 259.7 and then back to 254.7 now.

Last time I looked at preev it was the same - but I'm fairly certain it's due to LBC's wild swings (due to an exciting mix of person-to-person and remote trades, and the premium P2P trades command).

[dre1982]

On preev.com , it calculates the USD price by taking prices from LBC, Bitfinex , BTC-E and Bitstamp.
Someone is manipulating the price a lot in one of those exchanges, it just went up to 259.7 and then back to 254.7 now.

Last time I looked at preev it was the same - but I'm fairly certain it's due to LBC's wild swings (due to an exciting mix of person-to-person and remote trades, and the premium P2P trades command).

That's why i checked out LocalBitcoins at Preev. It isn't giving a right value through that.

[mexxer-2]

On preev.com , it calculates the USD price by taking prices from LBC, Bitfinex , BTC-E and Bitstamp.
Someone is manipulating the price a lot in one of those exchanges, it just went up to 259.7 and then back to 254.7 now.

Last time I looked at preev it was the same - but I'm fairly certain it's due to LBC's wild swings (due to an exciting mix of person-to-person and remote trades, and the premium P2P trades command).

Think so, just saw that LBC price shows that BTC price is $300.1 lol. But still we are getting to that 260 milestone.

[Fatman3001]

Can someone remind me, how is fiat dealt with on a decentralized exchange?

Who needs stinking fiat anyway?  Lrn 2 think outside the box, man!

What is it with you and boxes? And rape? And this fear of this force you cannot see?

Are you this dude?



It wasn't Bitcoin, dude. Just let it go.

[gentlemand]

I didn't realise Preev included LBC. It is a valid metric, maybe the most valid in a way, but subject to some pretty outrageous whims.

[ChartBuddy]

Coin
Explanation

[LMGTFY]

I didn't realise Preev included LBC. It is a valid metric, maybe the most valid in a way, but subject to some pretty outrageous whims.

I dunno - it's never felt right to me, including OTC trades in with exchange trades. I'd certainly be interested in an index of OTC trades (LBC is my default source of fresh BTC), but lumping them in with exchange trades just seems... wrong. And the two different trade types on LBC doesn't help either.

[Fatman3001]

-snip-
TL;DR: Lying. Also stark-raving mad.

Got it, ty.

What worries me about Bitcoin as a whole is that when shit goes down YOU tend to almost make sense.

As if all the rest of us are a bunch of raving lunatics and you're the one looking into the asylum, pointing and laughing.

You're still an asshole, but being right is a redeeming feature.

[oda.krell]

I didn't realise Preev included LBC. It is a valid metric, maybe the most valid in a way, but subject to some pretty outrageous whims.

Hm, honestly just wondering: in which way do you think it is 'the most valid'?

To me it just seems that ("manipulation" on the exchanges aside), the more liquid price discovery mechanism trumps the less liquid one. Unless you mean it as an indicator for what the long-term expectations on the price might be, i.e. what people 'on the street' are in principle willing to pay per coin... but not sure how much that should influence the mid-to-short term price predictions. But quite possible I'm missing something in the above...

[gentlemand]

Hm, honestly just wondering: in which way do you think it is 'the most valid'?

One clapped out asshole agreeing to pay the price of another clapped out asshole without any other parties meddling in it. It don't get much more straightforward unless one party has spiked the other. Whether the rest of the world should be told about it is via sites like Preev is another matter.

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[Fakhoury]

$260 tonight ?!

[hdbuck]

$260 tonight ?!

strap on!