kurious
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Activity: 2590
Merit: 1643
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January 31, 2014, 05:28:19 PM |
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4 days here, still no sight of my munie Mine was 6 days.... hang in there I got one through after 5 days and thought ' ok - great' then made another one and it immediately got lost again. So waiting on ticket response for that one now. The annoying thing is I want to transfer more, but while this stuff is going on, I am waiting to be sure the last one goes through before I make the next. I want out of Gox, needless to say...
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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January 31, 2014, 05:48:45 PM |
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Fortress ETF will take WBT's place in 2014 why do you think the fortress etf will have a better chance?
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fonzie
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January 31, 2014, 06:02:31 PM |
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Trading Bitcoins is dead, get used to it!
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ChartBuddy
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Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 31, 2014, 06:02:45 PM |
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aminorex
Legendary
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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January 31, 2014, 06:03:33 PM |
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why do you think the fortress etf will have a better chance?
Fortress has done ETFs before. They know who to bribe.
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empowering
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Activity: 1078
Merit: 1441
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January 31, 2014, 06:14:27 PM |
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Trading Bitcoins is dead, get used to it!
Ayeeeee Wrongamundo
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fonzie
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January 31, 2014, 06:15:31 PM |
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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January 31, 2014, 06:18:38 PM |
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why do you think the fortress etf will have a better chance?
Fortress has done ETFs before. They know who to bribe. i'll be amazed if it gets approved before the twins' etf. apparently the twins got the same lawyer that registered the first ever US etf (or something like that).
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JorgeStolfi
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January 31, 2014, 06:20:39 PM |
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As others have observed, that was not real trade. It was some robot, probably buggy, frantically selling to itself. It was turned off after 3 hours and ~40,000 BTC traded. BTC-China should expunge that fake volume from its records. If not, chart makers should do it. In reality BTC-China is still quite dead. Their bank must be closed for the New year holidays, so BTC-China should not have received any new money yet. By the way, that market ranking site does not even list Huobi, which has the largest volume of them all (twice as much as OKCoin). My paranoia sees an ongoing conspiracy to deny the very existence of Huobi and push customers towards BTC-China (and Mt.GOX). She is wrong of course.
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flynn
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January 31, 2014, 06:28:17 PM |
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It was actually two bots. One of the bots exploited the market maker-taker fee structure to extract from the other bot 0,3% for every trade.
The world belongs to Robots, we just don't know it yet.
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magicmexican
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January 31, 2014, 06:29:20 PM |
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btc-e finally cought up
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aminorex
Legendary
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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January 31, 2014, 06:42:48 PM |
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As others have observed, that was not real trade. It was some robot, probably buggy, frantically selling to itself. It was turned off after 3 hours and ~40,000 BTC traded.
BTC-China should expunge that fake volume from its records. If not, chart makers should do it. In reality BTC-China is still quite dead.
By this criterion 70% of the volume on the NYSE should be expunged from the record.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 31, 2014, 06:45:28 PM |
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As others have observed, that was not real trade. It was some robot, probably buggy, frantically selling to itself. It was turned off after 3 hours and ~40,000 BTC traded.
BTC-China should expunge that fake volume from its records. If not, chart makers should do it. In reality BTC-China is still quite dead.
By this criterion 70% of the volume on the NYSE should be expunged from the record. exchanges should make it impossible to fill your own orders. i dont mind bots doing some high frequency trading, but falt out faking volume by trading with yourself...
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Peter R
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Activity: 1162
Merit: 1007
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January 31, 2014, 06:48:35 PM |
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Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-) I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... Looks normal to me, perhaps even a bit low: https://blockchain.info/charts/bitcoin-days-destroyedIt does feel like the price is being stabilized through some active effort. But, if that's the case, are they running out of bitcoins or dollars? Hmm, that's an interesting idea: run a "market stabilizer bot" for a month (with really deep pockets). Eventually you'll either have too many bitcoins or too many USDs. You now know the direction the market wants to move before every one else. I wonder (but doubt) if such a scheme could be profitable....
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David M
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January 31, 2014, 06:53:50 PM |
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exchanges should make it impossible to fill your own orders.
Not a chance. It removes the option of "cross trades". e.g You are a broker who has order to buy 200 and sell 100. The broker would then buy 100 and then "cross" 100, resulting in 200 bought and 100 sold. This is critical in open outcry exchanges.
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bambou
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January 31, 2014, 06:53:54 PM |
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Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-) I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... Looks normal to me, perhaps even a bit low: https://blockchain.info/charts/bitcoin-days-destroyedIt does feel like the price is being stabilized through some active effort. But, if that's the case, are they running out of bitcoins or dollars? Hmm, that's an interesting idea: run a "market stabilizer bot" for a month (with really deep pockets). Eventually you'll either have too many bitcoins or too many USDs. You now know the direction the market wants to move before every one else. I wonder (but doubt) if such a scheme could be profitable....what does "bitcoin days destroyed" mean exactly???
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surfer43
Sr. Member
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Activity: 560
Merit: 250
"Trading Platform of The Future!"
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January 31, 2014, 06:58:39 PM |
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As others have observed, that was not real trade. It was some robot, probably buggy, frantically selling to itself. It was turned off after 3 hours and ~40,000 BTC traded. BTC-China should expunge that fake volume from its records. If not, chart makers should do it. In reality BTC-China is still quite dead. Their bank must be closed for the New year holidays, so BTC-China should not have received any new money yet. By the way, that market ranking site does not even list Huobi, which has the largest volume of them all (twice as much as OKCoin). My paranoia sees an ongoing conspiracy to deny the very existence of Huobi and push customers towards BTC-China (and Mt.GOX). She is wrong of course. Er... why would they do that? They don't want to look "still quite dead"! This might even be their doing!
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meanig
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January 31, 2014, 07:01:12 PM |
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Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-) I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... Looks normal to me, perhaps even a bit low: https://blockchain.info/charts/bitcoin-days-destroyedIt does feel like the price is being stabilized through some active effort. But, if that's the case, are they running out of bitcoins or dollars? Hmm, that's an interesting idea: run a "market stabilizer bot" for a month (with really deep pockets). Eventually you'll either have too many bitcoins or too many USDs. You now know the direction the market wants to move before every one else. I wonder (but doubt) if such a scheme could be profitable....what does "bitcoin days destroyed" mean exactly??? If an address with 1 BTC which hasn't moved for 100 days is spent today then "100 Bitcoin days" have been destroyed or if 0.5 BTC hasn't been spent for 1000 days and it's spent today then "500 Bitcoin days" have been destroyed. You sum up all the days destroyed to get a total and people try to draw inferences from the number.
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Peter R
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Activity: 1162
Merit: 1007
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January 31, 2014, 07:02:24 PM |
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what does "bitcoin days destroyed" mean exactly???
It's really simple once you "get it" but it took me a while to wrap my head around it too. I'll try: If you send me 1 BTC and I spend it tomorrow, when I spend it, I will have destroyed 1 bitcoin-days. If I wait till next month to spend it, when I spend it it will destroy 30 bitcoin-days. But I you send my 60 BTC and I spend them 12 hours from now, it would also destroy 30 bitcoin-days. So, it's a combined measure of the magnitude and oldness of the coins that are being spent. If we see a huge spike in the amount of bitcoin-days destroyed, it's a good indication that someone just moved a lot of old coins. Interestingly: something akin to bitcoin-days is used by the bitcoin-network to determine the priority of a transaction. AFAIK: priority = (# of BTC) * (age) / (size of TX in bytes)
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ChartBuddy
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Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 31, 2014, 07:02:43 PM |
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