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

[Elwar]

The key difference between Bitfinex and Bitstamp is leverage. Most of the people using leverage will be near the current price.

You're not going to borrow dollars so that you can put a buy order at $2500 (paying interest on that money daily).

[bitserve]

I just realised Stamp has around 500 coins in sell orders.
While Finex has 5700+. I never had a clue about the size discrepancy of these two exchanges.
 

?

Stamp has 2250BTC up to $3000, whilst bitfinex has around 3000BTC.

There's not that much difference...

At cryptowat.ch I'm grouping the orders in 10 BTC steps and last value shown is $2760.00 at Bitstamp summing around 500 BTC. While at Bitfinex grouping in 50 BTC the last relevant step is $3400.00 summing 5100+ BTC.

Am I doing something wrong?

I don't use cryptowatch. I use bitcoinwisdom. There's more than 2000BTC up to $3000 at Bitstamp.

P.S.: Oh, so you are comparing how many coins are in Bitstamp up to 2760 vs how many in Bitfinex up to $3400? Well, that explains the discrepancy.

No, you got it wrong. The last value shown for Bitstamp is $2760, which made me believe there weren't no more orders over it. But since you told me another tool (bitcoinwisdom) shows more orders over this value I believe cryptowat.ch is buggy. Try grouping orders in a scale of 10 BTC and tell me if it's different of what I'm seeing here.

I think you gave the solution in your own question. You are grouping sell orders for Bitstamp in $10 blocks while for Bitfinex you are using $50 blocks.... Maybe there is a limit in rows displayed? I am sure both exchanges have orders up to the very high thousands (ppl camping for a flash spike/crash). So there's much more than what you are seeing displayed.

[deepcolderwallet]

I just realised Stamp has around 500 coins in sell orders.
While Finex has 5700+. I never had a clue about the size discrepancy of these two exchanges.
 

?

Stamp has 2250BTC up to $3000, whilst bitfinex has around 3000BTC.

There's not that much difference...

At cryptowat.ch I'm grouping the orders in 10 BTC steps and last value shown is $2760.00 at Bitstamp summing around 500 BTC. While at Bitfinex grouping in 50 BTC the last relevant step is $3400.00 summing 5100+ BTC.

Am I doing something wrong?

I don't use cryptowatch. I use bitcoinwisdom. There's more than 2000BTC up to $3000 at Bitstamp.

P.S.: Oh, so you are comparing how many coins are in Bitstamp up to 2760 vs how many in Bitfinex up to $3400? Well, that explains the discrepancy.

No, you got it wrong. The last value shown for Bitstamp is $2760, which made me believe there weren't no more orders over it. But since you told me another tool (bitcoinwisdom) shows more orders over this value I believe cryptowat.ch is buggy. Try grouping orders in a scale of 10 BTC and tell me if it's different of what I'm seeing here.

I think you gave the solution in your own question. You are grouping sell orders for Bitstamp in $10 blocks while for Bitfinex you are using $50 blocks.... Maybe there is a limit in rows displayed? I am sure both exchanges have orders up to the very high thousands (ppl camping for a flash spike/crash). So there's much more than what you are seeing displayed.

I don't think it's due to a limit in rows displayed, if that was the case a larger number of coins would be shown at Bitstamp's book, but it does not show a relevant number of coins being sold over $2770 right now. Anyway, I believe maybe cryptowat.ch is bugged.

[kludzins]

Found UP-to date picture: 

So Amazon till Christmas? 

[deepcolderwallet]

Found UP-to date picture: 

So Amazon till Christmas? 

So it says that if someone with Bill Gates net worth (there's a bunch of guys dirty rich like him, isn't it?) or any government feels like investing in create an ASIC more powerful than the actual Antminer then secretly building some mining farms, the whole Bitcoinland could be easily taken over?

How much fragile is the pot where we're putting our money? Because I can think many reasons a government or some powerful banks would want to shut all this down.
Apologies if I'm sounding naïve, I'm not a scientist, I'm only a curious Average Joe.

[JayJuanGee]

Found UP-to date picture: 

So Amazon till Christmas? 

So it says that if someone with Bill Gates net worth (there's a bunch of guys dirty rich like him, isn't it?) or any government feels like investing in create an ASIC more powerful than the actual Antminer then secretly building some mining farms, the whole Bitcoinland could be easily taken over?

How much fragile is the pot where we're putting our money? Because I can think many reasons a government or some powerful banks would want to shut all this down.
Apologies if I'm sounding naïve, I'm not a scientist, I'm only a curious Average Joe.

It sounds as if you are engaging in purposeful misleading bullshit, while trying to act as if you are "average Joe" naive.   

The market cap of bitcoin is not the same as how much computing power that you need in order to attempt to take it over.  Good luck with that.

[2017Bubble]

hello it me,

seems like we are moving uppish

[bitserve]

Found UP-to date picture:  

So Amazon till Christmas?  

So it says that if someone with Bill Gates net worth (there's a bunch of guys dirty rich like him, isn't it?) or any government feels like investing in create an ASIC more powerful than the actual Antminer then secretly building some mining farms, the whole Bitcoinland could be easily taken over?

How much fragile is the pot where we're putting our money? Because I can think many reasons a government or some powerful banks would want to shut all this down.
Apologies if I'm sounding naïve, I'm not a scientist, I'm only a curious Average Joe.

Yes, you could probably take over Bitcoin with just around $1Billion. That would destroy Bitcoin AND your billion. Now.. why some individual like Bill Gates would feel like doing that? What would be the impact in PR for doing it? How much more would he lose?

Do you have any idea of how much damage could someone do with one spendable billion if his intention was just to wreck havoc in the "real world"? He could even start a fucking small war if he was smart (and evil).

Now let's see one goverment (USA?) does it. The economical cost is almost negligible but.... again... a government destroying something that is not ilegal, fucking millions of people all around the world for no reason and, probably, with no way to cover/hid the action?

Is the pot "fragile"? Maybe... now let's compare it with how fragile are other pots:

- FIAT (well, you know).
- PM's (See Executive Order 6102)
- Stocks (see the large liss of crashes over time)
- Real state (safe most of the time, but it can also be easily confiscated as its intrinsically not mobile)

So, nothing to lose dream at night, but as I always say, follow the Triple D: Diversify, Diversify, Diversify.

[deepcolderwallet]

Yes, you could probably take over Bitcoin with around $1Billion. That would destroy Bitcoin AND your billion. Now.. why some individual like Bill Gates would feel like doing that? What would be the impact in PR for doing it? How much more would he lose?

Bill Gates was just an example, but we can think about some Bankers willing to do that. Would it necessarily have to be in the clear? I mean, I can think about some ways to do this undercover, so no PR impact.

Now let's see one goverment (USA?) does it. The economical cost is almost negligible but.... again... a government destroying something that is not ilegal, fucking millions of people all around the world for no reason and, probably, with no way to cover/hid the action?

Why no way to cover/hid it? And I think it's STILL not illegal, Congressmen are taking their time to corner OTC trades and harden AML/KYC regulations.

Is the pot "fragile"? Maybe... now let's compare it with how fragile are other pots:

- FIAT (well, you know).
- PM's (See Executive Order 6102)
- Stocks (see the large liss of crashes over time)
- Real state (safe most of the time, but it can also be easily confiscated as its absolutely not mobile)

All you listed above are known to have huge Big Players participation (a few families, Banks and the government itself)

So, nothing to lose dream at night, but as I always say, follow the Triple D: Diversify, Diversify, Diversify.

I can agree with that.

[bitserve]

Yes, you could probably take over Bitcoin with around $1Billion. That would destroy Bitcoin AND your billion. Now.. why some individual like Bill Gates would feel like doing that? What would be the impact in PR for doing it? How much more would he lose?

Bill Gates was just an example, but we can think about some Bankers willing to do that. Would it necessarily have to be in the clear? I mean, I can think about some ways to do this undercover, so no PR impact.

Now let's see one goverment (USA?) does it. The economical cost is almost negligible but.... again... a government destroying something that is not ilegal, fucking millions of people all around the world for no reason and, probably, with no way to cover/hid the action?

Why no way to cover/hid it? And I think it's STILL not illegal, Congressmen are taking their time to corner OTC trades and harden AML/KYC regulations.

Is the pot "fragile"? Maybe... now let's compare it with how fragile are other pots:

- FIAT (well, you know).
- PM's (See Executive Order 6102)
- Stocks (see the large liss of crashes over time)
- Real state (safe most of the time, but it can also be easily confiscated as its absolutely not mobile)

All you listed above are known to have huge Big Players participation (a few families, Banks and the government itself)

So, nothing to lose dream at night, but as I always say, follow the Triple D: Diversify, Diversify, Diversify.

I can agree with that.

1- Ok, let's take another example, Mark Zuckerberg does it to rekt the Winklevoss once again. It's not that easy to move the amounts of money needed without noone knowing. Less so to hire the needed personal (ASIC designers, etc), less so to make a chinesse factory produce them, less easy to transport, install and put all that ASIC's on a giant plant requiring HUGE amounts of electrical energy..... No, really, you can't do that something of that scale in a covert way.

Maybe I am wrong, then tell me how you would do it and I will try to find the failure on your plan.


2- Oh yeah, the goverments could do it with legislation, of course, but I guess that's not what we were talking about.

3- Yet they all have demonstrated to be a "fragile" pot sometimes/somewhere along the history. Nothing is 100% safe.

4- That's my main point.

[Elwar]

Billionaire spends a billion dollars to destroy Bitcoin...

Litecoin becomes the new main cryptocurrency.

Next...


Or Bitcoin 2.0 is created without the billionaire's coins.

[deepcolderwallet]

1- Ok, let's take another example, Mark Zuckerberg does it to rekt the Winklevoss once again. It's not that easy to move the amounts of money needed without noone knowing. Less so to hire the needed personal (ASIC designers, etc), less so to make a chinesse factory produce them, less easy to transport, install and put all that ASIC's on a giant plant requiring HUGE amounts of electrical energy..... No, really, you can't do that something of that scale in a covert way.

Maybe I am wrong, then tell me how you would do it and I will try to find the failure on your plan.


2- Oh yeah, the goverments could do it with legislation, of course, but I guess that's not what we were talking about.

3- Yet they all have demonstrated to be a "fragile" pot sometimes/somewhere along the history. Nothing is 100% safe.

4- That's my main point.

I just created another topic to discuss it, you're welcome there.

[infofront]

If a billionaire attempted a hostile takeover, the proof of work could be changed rather trivially.

[deepcolderwallet]

If a billionaire attempted a hostile takeover, the proof of work could be changed rather trivially.

This is a point! This is why I believe in Core. But how fast it could be done until we need a massive rollback Buterin's style?

[Elwar]

So...weekend lift or dump?

[Totscha]

So...weekend lift or dump?

Yes!

[orpington]

So...weekend lift or dump?

bah!

Probably to the fucking moon this weekend

[r0ach]

Post about current cryptocurrency dotcom bubble in relation to bitcoin vs altcoins and reference to video games industry:

http://steemit.com/cryptocurrency/@r0achtheunsavory/the-r0ach-report-15-the-current-cryptocurrency-dotcom-bubble-will-it-play-crysis

[orpington]

Post about current cryptocurrency dotcom bubble in relation to bitcoin vs altcoins and reference to video games industry:

http://steemit.com/cryptocurrency/@r0achtheunsavory/the-r0ach-report-15-the-current-cryptocurrency-dotcom-bubble-will-it-play-crysis

Oh my god we're all gonna die!

[hv_]

So...weekend lift or dump?

lfump