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

[nioc]

well, they had plenty of time already to acquire 'institutional' clients, since it is not because the website launches that they did not prepared upstream for important users to use the platform, even before any public launch.. anyway.

agree that interesting times lies ahead.

i get this feeling the rest of the financial world, as it obsessively misdirect people into 'blockchain technology' propaganda, is on the edge here and things are accelerating somehow as the end of the year approaches. will their status quo stand a couple more year? hard to say.

I was actually talking about the exchange itself. It takes time to accumulate volume and for the service to mature. I'm just hoping that there are no errors or bugs that would harm them so early. Besides, you have to remember the amount of time it takes to verify an account and transfer money to the exchange.
It would be nice if the price went up even higher.

The absurd "Regulated Exchange" era of Bitcoin is nothing more than a millimetre thin geologic layer in the advance towards domination.

Bitcoin price will surge at some point, and neither regulations, institutions, governance or whatever other deluded mass-marketed socialist businesses will have anything to do with it, ever.

A decentralized exchange could do more for Bitcoin than a regulated exchange. I'd rather use a decentralized exchange and trust nobody with my Bitcoins than use some regulated exchange that requires KYC, fingerprint samples, blood samples, and an iris scan just to register. There are masses of people who don't trust the unregulated exchanges, but don't want to go through KYC to use fully regulated ones.

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

Maybe it would be like localbitcoins or bitquick, but without the centralized website.

Have not followed the decentralized exchange topics though.

bitquick no longer takes customers from NY

[1715116976]

1715116976

[1715116976]

1715116976

[1715116976]

1715116976

[Elwar]

well, they had plenty of time already to acquire 'institutional' clients, since it is not because the website launches that they did not prepared upstream for important users to use the platform, even before any public launch.. anyway.

agree that interesting times lies ahead.

i get this feeling the rest of the financial world, as it obsessively misdirect people into 'blockchain technology' propaganda, is on the edge here and things are accelerating somehow as the end of the year approaches. will their status quo stand a couple more year? hard to say.

I was actually talking about the exchange itself. It takes time to accumulate volume and for the service to mature. I'm just hoping that there are no errors or bugs that would harm them so early. Besides, you have to remember the amount of time it takes to verify an account and transfer money to the exchange.
It would be nice if the price went up even higher.

The absurd "Regulated Exchange" era of Bitcoin is nothing more than a millimetre thin geologic layer in the advance towards domination.

Bitcoin price will surge at some point, and neither regulations, institutions, governance or whatever other deluded mass-marketed socialist businesses will have anything to do with it, ever.

A decentralized exchange could do more for Bitcoin than a regulated exchange. I'd rather use a decentralized exchange and trust nobody with my Bitcoins than use some regulated exchange that requires KYC, fingerprint samples, blood samples, and an iris scan just to register. There are masses of people who don't trust the unregulated exchanges, but don't want to go through KYC to use fully regulated ones.

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

Maybe it would be like localbitcoins or bitquick, but without the centralized website.

Have not followed the decentralized exchange topics though.

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...

[mexxer-2]

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

[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 even caring who they hurt,' or 'stark-raving mad'?

... 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...

So many wonderful ways to launder money with bitcoin, surprised it's not catching on...

[Elwar]

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

Where?

[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...