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

[Peter R]

^ Negative commissions for market makers.  I don't understand exactly how that will work, but it sounds innovative.  Reminds me of the investor option at just-dice.com to bankroll the casino (and thus share in the profits). 

Bitcoin seems to promote this idea of "equal-opportunity" between peers in a market-driven manner that I really like (just-dice.com investors, bitfinex lenders, BTC-china market makers). 

[notme]

^ Negative commissions for market makers.  I don't understand exactly how that will work, but it sounds innovative.  Reminds me of the investor option at just-dice.com to bankroll the casino (and thus share in the profits). 

Bitcoin seems to promote this idea of "equal-opportunity" between peers in a market-driven manner that I really like (just-dice.com investors, bitfinex lenders, BTC-china market makers). 

This is known as maker-taker.

http://www.marketswiki.com/mwiki/Maker-taker

[TERA]

http://www.reddit.com/r/Bitcoin/comments/1uohe5/new_years_greeting_from_btc_china/

read the part on market makers...in relation to the trading fees going back to people opposed to the exchange

I am not fully understanding what qualifies you for a rebate.. but gee.. a lil counter to taobao negative sentiment.

The trollbox is going nuts about this news. I dont understand why:

Vouchers - old news

Modified fee structure - means what, the manipulators can play again?

Reduced withdrawal fee - irrelevant, maybe even bad news.

[Peter R]

^ Negative commissions for market makers.  I don't understand exactly how that will work, but it sounds innovative.  Reminds me of the investor option at just-dice.com to bankroll the casino (and thus share in the profits).  

Bitcoin seems to promote this idea of "equal-opportunity" between peers in a market-driven manner that I really like (just-dice.com investors, bitfinex lenders, BTC-china market makers).  

This is known as maker-taker.

http://www.marketswiki.com/mwiki/Maker-taker

Thanks notme.  If I understand correctly, anyone who posts a bid or an ask will be paid a small fee should their bid or ask be filled.  The fee will be paid by the person who initiates the "market sell" or "market buy."

I see from notme's link that this maker-taker idea has been around since 1997 and is actually in use in some major US markets.  This seems like a great way to increase liquidity, tighten spreads, and perhaps reduce volatility in our bitcoin markets.  I'm curious what the down-side of the maker-taker model is...  

[niothor]

http://www.reddit.com/r/Bitcoin/comments/1uohe5/new_years_greeting_from_btc_china/

read the part on market makers...in relation to the trading fees going back to people opposed to the exchange

I am not fully understanding what qualifies you for a rebate.. but gee.. a lil counter to taobao negative sentiment.

The trollbox is going nuts about this news. I dont understand why:

Vouchers - old news

Modified fee structure - means what, the manipulators can play again?

Reduced withdrawal fee - irrelevant, maybe even bad news.

The troll box can go nuts even on this:
.
Yes , it's a point!!!! Don't lurk there , is bad for you.

[Vigil]

Just wehn you thought it couldn't get any lower....

[HairyMaclairy]

So where are these $650 coins I was promised with the Taobao crash.

[Davyd05]

So where are these $650 coins I was promised with the Taobao crash.

make a sacrifice at the whale temple. however stamp is twittering on going sub 800 again...however panic spread in waves.. on both sides.. my guess was 900 or so for gox even by the coming Friday before the last rally.

I think zynga hyped it and taobao ended it. I think fortress fud started it all.

[HairyMaclairy]

So where are these $650 coins I was promised with the Taobao crash.

make a sacrifice at the whale temple. however stamp is twittering on going sub 800 again...however panic spread in waves.. on both sides.. my guess was 900 or so for gox even by the coming Friday before the last rally.

I think zynga hyped it and taobao ended it. I think fortress fud started it all.

I will have to do that then. Wonder if there is any plankton in the goldfish pond.

[Davyd05]

So where are these $650 coins I was promised with the Taobao crash.

make a sacrifice at the whale temple. however stamp is twittering on going sub 800 again...however panic spread in waves.. on both sides.. my guess was 900 or so for gox even by the coming Friday before the last rally.

I think zynga hyped it and taobao ended it. I think fortress fud started it all.

I will have to do that then. Wonder if there is any plankton in the goldfish pond.

to me a true sacrifice is just panic selling the entire stash

I'm in the hodl it for a year kinda phase to be honest.. I lurked on it for to long before buying or even mining Luckily my panic buys started at 140.

[mb300sd]

So where are these $650 coins I was promised with the Taobao crash.

make a sacrifice at the whale temple. however stamp is twittering on going sub 800 again...however panic spread in waves.. on both sides.. my guess was 900 or so for gox even by the coming Friday before the last rally.

I think zynga hyped it and taobao ended it. I think fortress fud started it all.

For every bitcoin sacrificed to my signature address, I will sell 2 bitcoins.

[Davyd05]

weekend we fought resistance, weekdays we test support lol

[dwdoc]

Just funded my bitstamp account from USA for first time.  Wire arrived in 3 days.  Significantly faster than mt Gox. Will be interested in comparing withdrawal times. Still awaiting funds from mt gox withdrawal on 12/26.

[TalkingBit]

Just funded my bitstamp account from USA for first time.  Wire arrived in 3 days.  Significantly faster than mt Gox. Will be interested in comparing withdrawal times. Still awaiting funds from mt gox withdrawal on 12/26.

still? from 12/26 i wouldn't say "still waiting" until it's been over 6months (unless you paid 5%)

[windjc]

Just funded my bitstamp account from USA for first time.  Wire arrived in 3 days.  Significantly faster than mt Gox. Will be interested in comparing withdrawal times. Still awaiting funds from mt gox withdrawal on 12/26.

Stamps great. In fast, out fast.

[windjc]

Well we are finally at a true crossroads.

Does anyone want to buy at these levels? How much fresh fiat is entering the markets currently?  Does anybody want to sell at these prices?

Hopefully within the next week we can know whether the initially rally will be continued or whether some people are going to try to sell us down.

I put it about 50/50%.

[F-bernanke]

Well we are finally at a true crossroads.

Does anyone want to buy at these levels? How much fresh fiat is entering the markets currently?  Does anybody want to sell at these prices?

Hopefully within the next week we can know whether the initially rally will be continued or whether some people are going to try to sell us down.

I put it about 50/50%.

+1,

I'm asking myself the same thing, yesterday i could get ~$900 for my coins. If I sell now, i will get a much lower price and the chance of it shooting back up is too great.

I'm Hodling, I've still got some dirty fiat on exchange in case of cheap coins.

[arepo]

i just want to thank everybody involved in this thread for contributing to my sentiment measurements. you're all so honest and excitable and treat wall-watching like a true sport.

[Walsoraj]

i just want to thank everybody involved in this thread for contributing to my sentiment measurements. you're all so honest and excitable and treat wall-watching like a true sport.

And I'd like to thank you for your TA, which is completely useless for everything other than sounding like a pretentious prick.

[arepo]

i just want to thank everybody involved in this thread for contributing to my sentiment measurements. you're all so honest and excitable and treat wall-watching like a true sport.

And I'd like to thank you for your TA, which is completely useless for everything other than sounding like a pretentious prick.

xD that was a really good one.. thanks for giving me a good laugh at myself haha

i have to admit that the post you quoted was a little sarcastic