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

[strawbs]

Does anyone know why Bitstamp isn't currently showing at http://trading.i286.org ?

[nanobrain]

Does anyone know why Bitstamp isn't currently showing at http://trading.i286.org ?

Yes.

It often doesn't show the price for me.

So, go on...enlighten us!

[ChartBuddy]

[justusranvier]

Someone knows! Not me.

Maybe not anyone on this forum.

[Coinseeker]

Likely the same API issue they've had in the past, because Bitstamp puts a limit on the number of API calls and then they ban you.

[San1ty]

Likely the same API issue they've had in the past, because Bitstamp puts a limit on the number of API calls and then they ban you.

They should run their public API calls locally at a refresh interval and then cache them with their CDN. I don't know what's so hard, but that might just be me. Their current API setup is very unprofessional.

[LOADING.READY.RUN]

Likely the same API issue they've had in the past, because Bitstamp puts a limit on the number of API calls and then they ban you.

They should run their public API calls locally at a refresh interval and then cache them with their CDN. I don't know what's so hard, but that might just be me. Their current API setup is very unprofessional.

Well, that's still the problem with many Bitcoin services: they've gotten overrun by bitcoin's and their own success and they're struggling now to scale their technology to an adequate level quickly...
 
BTW: new USD arrived on stamp, Bitfinex users can buy again on stamp :-) Let the rally begin

[Wekkel]

BTW: new USD arrived on stamp, Bitfinex users can buy again on stamp :-) Let the rally begin

About time to get this over the $400 bump.

[Coinseeker]

Likely the same API issue they've had in the past, because Bitstamp puts a limit on the number of API calls and then they ban you.

They should run their public API calls locally at a refresh interval and then cache them with their CDN. I don't know what's so hard, but that might just be me. Their current API setup is very unprofessional.

Well, that's still the problem with many Bitcoin services: they've gotten overrun by bitcoin's and their own success and they're struggling now to scale their technology to an adequate level quickly...
 

Yeah, imagine the fun when the reality that Bitcoin doesn't scale finally hits home.

[MickeyT2008]

Likely the same API issue they've had in the past, because Bitstamp puts a limit on the number of API calls and then they ban you.

They should run their public API calls locally at a refresh interval and then cache them with their CDN. I don't know what's so hard, but that might just be me. Their current API setup is very unprofessional.

Well, that's still the problem with many Bitcoin services: they've gotten overrun by bitcoin's and their own success and they're struggling now to scale their technology to an adequate level quickly...
 

Yeah, imagine the fun when the reality that Bitcoin doesn't scale finally hits home.

Not to mention all the money that's been put into mining.  It doesn't matter how fast everyone mines or how much they've spent on it, they're still only going to get 25BTC every ten minutes between them.

[ChartBuddy]

[solracx]

Likely the same API issue they've had in the past, because Bitstamp puts a limit on the number of API calls and then they ban you.

They should run their public API calls locally at a refresh interval and then cache them with their CDN. I don't know what's so hard, but that might just be me. Their current API setup is very unprofessional.

Well, that's still the problem with many Bitcoin services: they've gotten overrun by bitcoin's and their own success and they're struggling now to scale their technology to an adequate level quickly...
 

Yeah, imagine the fun when the reality that Bitcoin doesn't scale finally hits home.

Not to mention all the money that's been put into mining.  It doesn't matter how fast everyone mines or how much they've spent on it, they're still only going to get 25BTC every ten minutes between them.

A lot of miners who purchased the latest 28nm are in for a rude awakening.  There is no way they can recover the Bitcoin equivalent of their purchase price.  They will be lucky to recover even the USD equivalent of the purchase price.

[LOADING.READY.RUN]

Yeah, imagine the fun when the reality that Bitcoin doesn't scale finally hits home.

We'll see. So far the core developers seem confident that things like max. block size _can_ scale up... Whatever that means.

Currently I'm only referring to the exchanges that are struggling under the increased load...

[MickeyT2008]

Likely the same API issue they've had in the past, because Bitstamp puts a limit on the number of API calls and then they ban you.

They should run their public API calls locally at a refresh interval and then cache them with their CDN. I don't know what's so hard, but that might just be me. Their current API setup is very unprofessional.

Well, that's still the problem with many Bitcoin services: they've gotten overrun by bitcoin's and their own success and they're struggling now to scale their technology to an adequate level quickly...
 

Yeah, imagine the fun when the reality that Bitcoin doesn't scale finally hits home.

Not to mention all the money that's been put into mining.  It doesn't matter how fast everyone mines or how much they've spent on it, they're still only going to get 25BTC every ten minutes between them.

A lot of miners who purchased the latest 28nm are in for a rude awakening.  There is no way they can recover the Bitcoin equivalent of their purchase price.  They will be lucky to recover even the USD equivalent of the purchase price.

They're probably in for a rude awakening on account of having done business with BFL, they'll be lucky to get their Monarch cards before the last bitcoin is mined if BFL's history is anything to go by.

I made the mistake of ordering one of their 7GH/s miners.  I'd still be waiting for it now if I hadn't changed it to hosted mining, and I only did that because it wouldn't have even covered the cost of its own electricity, this way BFL have to pay the electricity bill and I don't have to pay import duty so at least I shouldn't make even more of a loss.  I only did that because the bastards refused to refund me after they delayed so much that it was worthless.  Well, I won't be making that mistake again, bye bye bitcoins.  I feel sorry for those who've given thousands to BFL, at least my loss wasn't that much.

[solracx]

$449 will be the crash.  It's the next prime number.  Big psychological barrier, especially with the nerdier crowd.

Chineese nerds , read diffrent signs like 2650

Good point about the Chinese seeing a different number!   Levels like 300, 350, 400 etc.  don't have meaning when likely 1/2 of all trading is looking at a different number!!

[gambitv]

I know why bitcoins price is quite high - it thanks to stunts like 'wired' that make our coins all the more valuable:


But in the end, the answer was obvious. The world’s most popular digital currency really is nothing more than an abstraction. So we’re destroying the private key used by our Bitcon wallet. That leaves our growing pile of Bitcoin lucre locked away in a digital vault for all eternity — or at least until someone cracks the SHA-256 encryption that secures it.

Update May 13: Some skeptics have been asking for our public key so they can hold us to our promise. It is: 1BYsmmrrfTQ1qm7KcrSLxnX7SaKQREPYFP

[solracx]

Folks!

We've all made a killing trading Bitcoin.

If you believe in Karma (or not), please donate a fraction of a Bitcoin to help the unfortunate victims of typhoon Haiyan.

Read:  http://money.cnn.com/2013/11/13/investing/bitcoins-philippines-typhoon-donations/

Enough fractions of a Bitcoin with enough donors can make a big difference.

Giving like this helps build up the reputation of Bitcoin.

Thanks!!

[solracx]

Likely the same API issue they've had in the past, because Bitstamp puts a limit on the number of API calls and then they ban you.

They should run their public API calls locally at a refresh interval and then cache them with their CDN. I don't know what's so hard, but that might just be me. Their current API setup is very unprofessional.

Well, that's still the problem with many Bitcoin services: they've gotten overrun by bitcoin's and their own success and they're struggling now to scale their technology to an adequate level quickly...
 

Yeah, imagine the fun when the reality that Bitcoin doesn't scale finally hits home.

Not to mention all the money that's been put into mining.  It doesn't matter how fast everyone mines or how much they've spent on it, they're still only going to get 25BTC every ten minutes between them.

A lot of miners who purchased the latest 28nm are in for a rude awakening.  There is no way they can recover the Bitcoin equivalent of their purchase price.  They will be lucky to recover even the USD equivalent of the purchase price.

They're probably in for a rude awakening on account of having done business with BFL, they'll be lucky to get their Monarch cards before the last bitcoin is mined if BFL's history is anything to go by.

I made the mistake of ordering one of their 7GH/s miners.  I'd still be waiting for it now if I hadn't changed it to hosted mining, and I only did that because it wouldn't have even covered the cost of its own electricity, this way BFL have to pay the electricity bill and I don't have to pay import duty so at least I shouldn't make even more of a loss.  I only did that because the bastards refused to refund me after they delayed so much that it was worthless.  Well, I won't be making that mistake again, bye bye bitcoins.  I feel sorry for those who've given thousands to BFL, at least my loss wasn't that much.

If you assume a timely delivery of product, the best one can recover in USD is about 75% of the purchase price.

if a delivery is delayed by a month (considering the rise in difficulty), the buyer may be able to recover at best 30% of the purchase price.

[solracx]

there's never been a bubble, just large holders dumping to accumulate more and scaring people away for a while..

+1 And it will happen again after the US decides on its digital currency regulatory policies on the 18th of this month. The news will create more questions than it will provide answers, giving the perfect opportunity to induce some panic into the public.

*edit There HAVE been bubbles in the past, but this likely is not one of them... yet

China , brasil , india , Iran , etc do not care about some pitty US rules.
Even germany will not care.
The $ is done and the world knows it

LOL even us here in California don't care!!! "rules"  hahahaa  

Capital controls tend to increase the price.  Just look at China... and Gox.   

That is a correct observation.  Simple supply and demand.  Kind of like the time of Prohibition in the U.S.

[solracx]

However, this just looks like another mild correction on the way up. I mean, we went up 70 points on Gox in less than 24 hours. There needed to be a correction.

I agree that this does not yet have the feel of a big correction, where bears sort of signal each other with consecutive sales, following an exhaustion of the buyers  at the peak.

We are witnessing price discovery.

BTC is not a stock, it has behaved like one, but what it is, is now being "discovered".

Do not worry about oversold, overbought, MACD crossing, etc.

We are looking at an entity that is a: stock (in a sense, ownership of the network), protocol (to be used for other things as well - e.g. stock ownership, voting, ownership tracking, etc.), a payment system, a currency, an asset (this seems to be primarily how it is viewed right now, commodity, etc.

If we continue to look at it like a singular entity and not the complex... for lack of a better word - digital honey badger that it is, it is going to run and we will still be trying to make sense of the chart. Once we have more data (months to years), then TA will make more sense. Till then, enjoy the ride.

Agree.  Only relevant metric appears to be the difficulty rate changing.   The Blockchained.com charts are the best indicators as to where it is going long term.  Note: some of the charts are logarithmic!!