TERA
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February 06, 2014, 12:55:47 PM |
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I read some Twitter comments today about people selling (destroying / smashing) their iPhones just because of that. The ones who really need the bit/lite/doge wallet functionality will eventually switch to an OS that isn't controlled by a select few, just like the blockchain is supposed to be.
It's not just about existing users but potential users. The more difficult things are, the less new users there will be. It's going to be a little harder to indoctrinate your friend or relative into using bitcoin if you tell them that they have to get a different phone also.
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Dragonkiller
Sr. Member
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Activity: 378
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Super Smash Bros. Ultimate Available Now!
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February 06, 2014, 12:56:38 PM |
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I read some Twitter comments today about people selling (destroying / smashing) their iPhones just because of that. The ones who really need the bit/lite/doge wallet functionality will eventually switch to an OS that isn't controlled by a select few, just like the blockchain is supposed to be.
It's not just about existing users but potential users. The more difficult things are, the less new users there will be. It's going to be a little harder to indoctrinate your friend or relative into using bitcoin if you tell them that they have to get a different phone also. HTML5 app will be out soon
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jayspin
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February 06, 2014, 12:59:20 PM |
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Welcome to Whale Wars™, Episode 4.
- the Stability-For-Prosperity rebellion has been doing everything to keep the price around 800. This has been going of for a few weeks. - the Cheap-For-Grabs alliance has now launched a universe-wide attack in an attempt to bring the price down. Huge dumps in conjunction with DOSing major charting apps and forums are aimed at blurring the rebellion's vision so they can't react and buy back before it's too late. The second goal is to hide the market movement from the small fish until the price goes down a lot (if it goes down), at which point the DOSing will stop so the fish see the huge drop in surprise and start panic selling.
It's doubtful whether the alliance's plans will have the intended effect, but the ride shall be a joyful one. This is history in the making guys.
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surfer43
Sr. Member
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Activity: 560
Merit: 250
"Trading Platform of The Future!"
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February 06, 2014, 01:08:38 PM |
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Welcome to Whale Wars™, Episode 4.
- the Stability-For-Prosperity rebellion has been doing everything to keep the price around 800. This has been going of for a few weeks. - the Cheap-For-Grabs alliance has now launched a universe-wide attack in an attempt to bring the price down. Huge dumps in conjunction with DOSing major charting apps and forums are aimed at blurring the rebellion's vision so they can't react and buy back before it's too late. The second goal is to hide the market movement from the small fish until the price goes down a lot (if it goes down), at which point the DOSing will stop so the fish see the huge drop in surprise and start panic selling.
It's doubtful whether the alliance's plans will have the intended effect, but the ride shall be a joyful one. This is history in the making guys.
Wow you should write movies. Luckily a whale is trading my BTC
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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February 06, 2014, 01:22:49 PM |
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Welcome to Whale Wars™, Episode 4.
- the Stability-For-Prosperity rebellion has been doing everything to keep the price around 800. This has been going of for a few weeks. - the Cheap-For-Grabs alliance has now launched a universe-wide attack in an attempt to bring the price down. Huge dumps in conjunction with DOSing major charting apps and forums are aimed at blurring the rebellion's vision so they can't react and buy back before it's too late. The second goal is to hide the market movement from the small fish until the price goes down a lot (if it goes down), at which point the DOSing will stop so the fish see the huge drop in surprise and start panic selling.
It's doubtful whether the alliance's plans will have the intended effect, but the ride shall be a joyful one. This is history in the making guys.
Wow you should write movies. Luckily a whale is trading my BTC Sounds like you're one of Loaded clients.
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prof7bit
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February 06, 2014, 01:24:32 PM |
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bitcoinwisdom stopped working for me. Can anybody tell me what happened on bitfinex? I had a short that should close at 690 and a bunch of buy orders immediately below that to go long again. Now I logged in and saw "Position #xxxxx closed @ 500.0 on wallet trading" WTF 500 I had buy orders at 690! I made a nice profit due to my short closing at 500 instead of 690 and my longs not executing which probably saved me from a margin call so now I am up 30% on my account instead of being broke, so I won't complain, but wtf has happened? Does anybody have a price chart of trades that happened on bitfinex?
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JorgeStolfi
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February 06, 2014, 01:26:44 PM |
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And dont forget that China's banks are opening soon so maybe we dont stop at 825.
Some travel guide sites say that many banks should be open already, but with reduced hours. Is that true? If so, that may explain why Huobi's volume today is already 50% higher than yesterday's, and why prices dropped there. As for BTC-China, their order book shows two orders of ~100 BTC bracketing the current price with a 0.01 CNY spread, an expected consequence of their Market Maker rewards. However, its price is trying to follow Huobi's, but with a delay and by sudden steps of about ±10 CNY. Right now it was 4825 when Huobi's was 4815. Indeed BTC-China's 0.03% market-taker fee is about 15 CNY, so that market-maker does not need to move his offers until the spread relative to Huobi's price gets close to ±15 CNY. However, a small market-taker now would have to pay 4840 to buy at BTC-China, or would get only 4810 if he sold there; whereas at Huobi he would have good liquidity and a better price in both cases. Since most of Huobi's transactions are under 10 BTC, it does not seem likely that the BTC-China market-maker reward will attract much volume. And if there is no volume, it may not even attract many market makers.
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TERA
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February 06, 2014, 01:32:14 PM |
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Welcome to Whale Wars™, Episode 4.
- the Stability-For-Prosperity rebellion has been doing everything to keep the price around 800. This has been going of for a few weeks. - the Cheap-For-Grabs alliance has now launched a universe-wide attack in an attempt to bring the price down. Huge dumps in conjunction with DOSing major charting apps and forums are aimed at blurring the rebellion's vision so they can't react and buy back before it's too late. The second goal is to hide the market movement from the small fish until the price goes down a lot (if it goes down), at which point the DOSing will stop so the fish see the huge drop in surprise and start panic selling.
It's doubtful whether the alliance's plans will have the intended effect, but the ride shall be a joyful one. This is history in the making guys.
Wow you should write movies. Luckily a whale is trading my BTC Sounds like you're one of Loaded clients. Cool. What do you have to do to be a whale client? Trading and incessently staring at charts all day has been destroying my life.
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kkaspar
Full Member
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Activity: 140
Merit: 100
banned but not broken
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February 06, 2014, 01:32:49 PM Last edit: February 06, 2014, 01:46:25 PM by kkaspar |
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When people can't see bitcoinwisdom, then most can't see how the new rise has weak support with weak volume. They can only see that the price is rising and they will buy in with less fear.. and then there can be more big dumps. Bitstamp is currently at 790, while there is decent buy support only at 772. But I bet the religious zealots are already buying in because it seems to be going to da m00n. Like I told yesterday, this dance will last a long time, until all the "right whales" have sold their coins to the choo choo folks for the right price.
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TERA
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February 06, 2014, 01:36:37 PM |
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Based on the recent bounces,
Mtgox: Higher volume than normal. Bitstamp: Normal volume. Btce: Lower than normal volume. Huobi: MUCH lower than normal volume.
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MatTheCat
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February 06, 2014, 02:01:55 PM |
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When people can't see bitcoinwisdom, then most can't see how the new rise has weak support with weak volume. They can only see that the price is rising and they will buy in with less fear.. and then there can be more big dumps. Bitstamp is currently at 790, while there is decent buy support only at 772. But I bet the religious zealots are already buying in because it seems to be going to da m00n. Like I told yesterday, this dance will last a long time, until all the "right whales" have sold their coins to the choo choo folks for the right price.
If can't see Bitcoin wisdom I am out! Especially with all this other dodgy shit going on at the moment.
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TakeTheSkyRoad
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February 06, 2014, 02:13:39 PM |
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When people can't see bitcoinwisdom, then most can't see how the new rise has weak support with weak volume. They can only see that the price is rising and they will buy in with less fear.. and then there can be more big dumps. Bitstamp is currently at 790, while there is decent buy support only at 772. But I bet the religious zealots are already buying in because it seems to be going to da m00n. Like I told yesterday, this dance will last a long time, until all the "right whales" have sold their coins to the choo choo folks for the right price.
If can't see Bitcoin wisdom I am out! Especially with all this other dodgy shit going on at the moment. I've moved to 50% fiat.... it's making me nervous that Gox has dropped from over $900 to $840 but Stamp & BTC-E have barely shifted. Maybe the gap is being closed (which is good) but I can't see why and there's not much news to go on, just the Apple FUD.
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MatTheCat
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February 06, 2014, 02:17:21 PM |
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I've moved to 50% fiat.... it's making me nervous that Gox has dropped from over $900 to $840 but Stamp & BTC-E have barely shifted. Maybe the gap is being closed (which is good) but I can't see why and there's not much news to go on, just the Apple FUD.
News is for rationalising after the event and then pretending that we knew all along. The entities making these markets don't care about news.
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TERA
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February 06, 2014, 02:17:55 PM |
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Every bitcoin post-rally has a slow final downwave that involves a 1 week MACD cross. It doesn't really need to be news-based.
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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February 06, 2014, 02:21:09 PM |
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When people can't see bitcoinwisdom, then most can't see how the new rise has weak support with weak volume. They can only see that the price is rising and they will buy in with less fear.. and then there can be more big dumps. Bitstamp is currently at 790, while there is decent buy support only at 772. But I bet the religious zealots are already buying in because it seems to be going to da m00n. Like I told yesterday, this dance will last a long time, until all the "right whales" have sold their coins to the choo choo folks for the right price.
If can't see Bitcoin wisdom I am out! Especially with all this other dodgy shit going on at the moment. I've moved to 50% fiat.... it's making me nervous that Gox has dropped from over $900 to $840 but Stamp & BTC-E have barely shifted. Maybe the gap is being closed (which is good) but I can't see why and there's not much news to go on, just the Apple FUD. wow only 50% fiat??
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KeyserSoze
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February 06, 2014, 02:22:55 PM |
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Wow...did anyone bother to read my post? Am I missing something or is it fine for an exchange to allow its users to place orders without funds to back them?
I think many understand the exchanges are run by folks who do not know how to properly run exchanges and are therefore unsurprised. The surprise for me was they apparently admitted it to you.
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nanobrain
Legendary
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Activity: 1008
Merit: 1000
Dumb broad
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February 06, 2014, 02:30:30 PM |
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Wow...did anyone bother to read my post? Am I missing something or is it fine for an exchange to allow its users to place orders without funds to back them?
I think many understand the exchanges are run by folks who do not know how to properly run exchanges and are therefore unsurprised. The surprise for me was they apparently admitted it to you. well, it took a month, 28 emails and my husband's sanity....
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TakeTheSkyRoad
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February 06, 2014, 02:30:55 PM |
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wow only 50% fiat?? Yup... the rest is in LTC and I'm hoping to make some BTC on that when LTC moves back up. Betting on both ends here lol
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