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

[squidface]

He says buy orders are working fine but sells are not.

lol

what i really don't get is the difference to situation during april.
gox has constantly lost volume since then and yet they still struggle to keep their shit running.
no other exchange had problems in goxlike dimensions. (i saw some lag on stamp, but not that bad)

The good folks at Gox are pioneers in the field of incompetency.

It actually astonishes me that http://en.wikipedia.org/wiki/Front_running doesn't get talked about more.

Fuck those guys.

[CryptStorm]

Anyone care to comment what kind of resources might be required to sustain what appears to be (by volume) a nearly 7 hour DDOS against Gox, assuming they are using Akamai (for whatever exact reason they said they were), and Midas (as seems to be the case) is *not* running?

[freethink2013]

Anyone care to comment what kind of resources might be required to sustain what appears to be (by volume) a nearly 7 hour DDOS against Gox, assuming they are using Akamai (for whatever exact reason they said they were), and Midas (as seems to be the case) is *not* running?

a vivid imagination

[derpinheimer]

Gox goin nuts, lol, even the lag counter cant decide.

[lucas.sev]

Gox goin nuts, lol, even the lag counter cant decide.

15USD slippage, lol

[seldon]

It's not very nice of them to just execute all queued orders now...

[hlynur]

He says buy orders are working fine but sells are not.

lol

what i really don't get is the difference to situation during april.
gox has constantly lost volume since then and yet they still struggle to keep their shit running.
no other exchange had problems in goxlike dimensions. (i saw some lag on stamp, but not that bad)

The good folks at Gox are pioneers in the field of incompetency.

It actually astonishes me that http://en.wikipedia.org/wiki/Front_running doesn't get talked about more.

Fuck those guys.

oh god why have you mentioned that...i don't even want to think about this stuff.

1.goxlag
2.........
3.profit

[ardana123]

is there actually a better alternative than Gox for traders who want to trade in euro? And i'm not talking trading systems like bitcoin.de... Something with a real live trading market like bitstamp or gox. In this case Gox is probably the only choice for those traders. Not everyone wants to be exposed to the exchange rate risk dollar/euro has.

does bitstamp not offer that? I can't see btc-e lasting too long before they are shut down due to accusations of money laundering. I was part of the bitcoin-24 disaster (got my money back) but btc-e seems vulnerable to the same thing.

no way i'm putting any significant money in something like BTC-E. BTC is already volatile enough, no need to add something as risky as the russian authorities to the equasion lol. So Gox is probably the only choice I have until something else comes along.

[freethink2013]

is there actually a better alternative than Gox for traders who want to trade in euro? And i'm not talking trading systems like bitcoin.de... Something with a real live trading market like bitstamp or gox. In this case Gox is probably the only choice for those traders. Not everyone wants to be exposed to the exchange rate risk dollar/euro has.

does bitstamp not offer that? I can't see btc-e lasting too long before they are shut down due to accusations of money laundering. I was part of the bitcoin-24 disaster (got my money back) but btc-e seems vulnerable to the same thing.

no way i'm putting any significant money in something like BTC-E. BTC is already volatile enough, no need to add something as risky as the russian authorities to the equasion lol. So Gox is probably the only choice I have until something else comes along.

bitstamp seems legit to me. they insist on ids etc. btc-e is a timebomb.

[ardana123]

Bitstamp doesn't offer euro trading. And I just don't want to be exposed to the dollar/euro exchange rate, which is already very volatile.

[kehtolo]

no way i'm putting any significant money in something like BTC-E. BTC is already volatile enough, no need to add something as risky as the russian authorities to the equasion lol. So Gox is probably the only choice I have until something else comes along.
[/quote]

Bitstamp??

[tomato22]

is there actually a better alternative than Gox for traders who want to trade in euro?

Coinfloor? (when it opens)

Kracken?

Kraken? 24 hour volume  117.32 BTC in Euro and 15.32 BTC in USD

It's a shame really. Kraken isn't bad at all.

[CryptStorm]

is there actually a better alternative than Gox for traders who want to trade in euro? And i'm not talking trading systems like bitcoin.de... Something with a real live trading market like bitstamp or gox. In this case Gox is probably the only choice for those traders. Not everyone wants to be exposed to the exchange rate risk dollar/euro has.

does bitstamp not offer that? I can't see btc-e lasting too long before they are shut down due to accusations of money laundering. I was part of the bitcoin-24 disaster (got my money back) but btc-e seems vulnerable to the same thing.

no way i'm putting any significant money in something like BTC-E. BTC is already volatile enough, no need to add something as risky as the russian authorities to the equasion lol. So Gox is probably the only choice I have until something else comes along.

Coinsetter is coming soon, still in Beta, and will have announcement this week as to accepting US compliance approved bank accounts-- this is a big deal. Even if you aren't US based, you can imagine how good news will be for the ecosphere.

http://blog.coinsetter.com/2013/11/10/bitcoin-price-explosion-isnt-bubble/

[barbs]

Bitstamp doesn't offer euro trading. And I just don't want to be exposed to the dollar/euro exchange rate, which is already very volatile.

I really don't get this - You're exposed to BTC/USD which is far more volatile than any USD/EUR rate over the past few years why trade on euro market which is less volatile than the usd market

[freethink2013]

They are all great until they do serious volume and then you find out they were run by amateurs. Bitstamp seems to me like the exchange that anticipated issues rather than were surprised by them.

Crazy that a european exchange doesn't trade in euros though.

[Voodah]

Bitstamp doesn't offer euro trading. And I just don't want to be exposed to the dollar/euro exchange rate, which is already very volatile.

I really don't get this - You're exposed to BTC/USD which is far more volatile than any USD/EUR rate over the past few years why trade on euro market which is less volatile than the usd market

Yup, was thinking the same thing. I don't get it either.

[mccorvic]

And the MtGox rollercoater begins! Where we gonna land folks?!

[ardana123]

Bitstamp doesn't offer euro trading. And I just don't want to be exposed to the dollar/euro exchange rate, which is already very volatile.

I really don't get this - You're exposed to BTC/USD which is far more volatile than any USD/EUR rate over the past few years why trade on euro market which is less volatile than the usd market

No, i'm exposed to BTC/EUR... If i trade in BTC/USD i'll eventually have to switch back to euro if i want to cash out to fiat, which means i'll have the initial capital i invested minus or plus the gains/loss i have from the exchange rate USD/EUR and also any profit/loss i might have had from trading BTC as well. So if i had BTC profit that might as well be offset by a low EUR/USD exchange rate at the time i want to cash out to fiat. Twice the risk which i don't really want.

[freethink2013]

Bitstamp doesn't offer euro trading. And I just don't want to be exposed to the dollar/euro exchange rate, which is already very volatile.

I really don't get this - You're exposed to BTC/USD which is far more volatile than any USD/EUR rate over the past few years why trade on euro market which is less volatile than the usd market

No, i'm exposed to BTC/EUR... If i trade in BTC/USD i'll eventually have to switch back to euro if i want to cash out to fiat, which means i'll have the initial capital i invested minus or plus the gains/loss i have from the exchange rate USD/EUR and also any profit/loss i might have had from trading BTC as well. So if i had BTC profit that might as well be offset by a low EUR/USD exchange rate at the time i want to cash out to fiat. Twice the risk which i don't really want.

Honestly, all your trading should be about accumulating more coin

[ardana123]

And I don't get why you're saying the euro market is less volatile than the USD market. The euro market follows the USD market so they're both equally volatile. The USD market has the biggest volume so everyone looks at the btc/usd exchange rate and follows that.