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

[ChartBuddy]

Done with Gox
Explanation

[bassclef]

Don't know about you, guys, but I am going to have some fresh fiat on Stamp tomorrow, or the day after. This is too good an opportunity to miss out on!

The fear is palpable. Bitcoin will spring back just like it always has, and the ones who allowed themselves to get manipulated into selling will regret it.

Guess what, you don't have to fall for it.

[HairyMaclairy]

Yay BFX down for me but still trading

I have limit orders set.  I am better off just switching everything off and coming back tomorrow.  My strategy is self executing and every time I fiddle with it during a market event I screw it up. 


So I don't mind that I can't get to BFX .

[empowering]

Don't know about you, guys, but I am going to have some fresh fiat on Stamp tomorrow, or the day after. This is too good an opportunity to miss out on!

The fear is palpable. Bitcoin will spring back just like it always has, and the ones who allowed themselves to get manipulated into selling will regret it.

Guess what, you don't have to fall for it.

Exactly..

When things really start heating up this year and the price goes ballistic... the fudsters are going to have to run really fast to keep up...

Once the button gets pushed...

The fudsters and perma bears are going to feel some pain

[JorgeStolfi]

76 Coins trading between 4000 - 4100?!

It was not wrong. Orders were executed equal to bid and ask.

Seems they have still problems on Huobi.

I still don't understand what problem you see.

You are aware that the first two columns (detailed order book) are independent of the other two (summary of the order book), right?  It is not one table with four columns per row, but two tables with two columns, and the rows of one are not related to the rows of the other.

On the first two columns, going up from the spread to the 4100 CNY line there are several sell offers that seem  to add up to 67.  Below, on the bid side, the entries less than 4050 add to less than 1 (hence the "0" on the summary) and the next ones down to 4000 seem to add to 9.  Those coins have not been traded yet; they are waiting for matching offers.   The transaction log (trades already executed) is a separate table, below the part you have copied.

So what is wrong?

[Dragonkiller]

we'll be back at 700 within 12 hours 

[dgarcia]

76 Coins trading between 4000 - 4100?!

It was not wrong. Orders were executed equal to bid and ask.

Seems they have still problems on Huobi.

I still don't understand what problem you see.

You are aware that the first two columns (detailed order book) are independent of the other two (summary of the order book), right?  It is not one table with four columns per row, but two tables with two columns, and the rows of one are not related to the rows of the other.

On the first two columns, going up from the spread to the 4100 CNY line there are several sell offers that seem  to add up to 67.  Below, on the bid side, the entries less than 4050 add to less than 1 (hence the "0" on the summary) and the next ones down to 4000 seem to add to 9.  Those coins have not been traded yet; they are waiting for matching offers.   The transaction log (trades already executed) is a separate table, below the part you have copied.

So what is wrong?

Bid/Ask depth on Huobi is normaly above 1000 Coins for 100 Renmibi, not 76 Coins.

[kurious]

I think, and am hoping, that this is the sound of the last straw landing on the camel's back.

I've just signed up to the Bitcoin Foundation myself so I can at least help people to try and change it from within.  I would suggest others join me.  

If that fails then the Bitcoin community might as well reject the Bitcoin Foundation wholesale.  And that might not be a bad thing.

Bitcoin does need a voice - a focus as an advocate.

However, the foundation has little has little if any credibility - so if it is possible for fresh faces (and respected ones) to move in and push for change, it can't do any harm.

You would have my vote, take Jorge with you?

[dgarcia]

we'll be back at 700 within 12 hours  

Was it you, writing

we'll be back at 800 within 12 hours

one week ago?

[KFR]

I think, and am hoping, that this is the sound of the last straw landing on the camel's back.

I've just signed up to the Bitcoin Foundation myself so I can at least help people to try and change it from within.  I would suggest others join me.  

If that fails then the Bitcoin community might as well reject the Bitcoin Foundation wholesale.  And that might not be a bad thing.

Bitcoin does need a voice - a focus as an advocate.

However, the foundation has little has little if any credibility - so if it is possible for fresh faces (and respected ones) to move in and push for change, it can't do any harm.

You would have my vote, take Jorge with you?

Thank you - I appreciate that vote of confidence.  The more I think about this the more I feel like taking off my coding hat and picking up the evangelist one.  Anyone following this thread knows Jorge and I are often in disagreement but I have a great respect for his work and would love to have him on board.  Smart people capable of disagreeing with each other whilst recognising the value in the work are few and far between.

There are plenty of smart people here that could help have an impact.  So please do.

I've made my first post of dissent at the BF now.  I'd welcome anyone interested in promoting and progressing Bitcoin that joined me.  

If we can't effect change from the inside then we'll just set up another one.

[Dragonkiller]

we'll be back at 700 within 12 hours  

Was it you, writing

we'll be back at 800 within 12 hours

one week ago?

No.

[kurious]

As per my earlier posts the Bitcoin Foundation carries just as large a portion of blame for this as Gox does.

https://bitcoinfoundation.org/about/board

See the guy in the number two spot?

So join the foundation and remove him.  Be part of the solution. 

+1

I wrote to Cryptsy today to protest about their standard support ticket response - which closes with this:

"We recommend you purchase your Bitcoin from one of the the following Bitcoin merchants below as they have been proven to be trustworthy and reliable.
Campbx US
Coinbase  US
BTC-e Russian
MtGox Japanese"


I hope everyone can do something however small to insist on integrity of exchanges and if possible at the Bitcoin Foundation.

If someone writes a letter on here and gets a few signatures on a separate thread to a decent firm but reasonable open letter asking the Foundation to clean up its act and act responsibly, we can gather some signatures, and maybe at least register some outrage.

Right now they are doing nothing - a petition might get press and force them to at least react to looking totally ineffectual and stupid.

Just a thought - KFR - write it up, it might give you some backing to challenge the Foundation if you have some support?

[KFR]

That's a solid idea.  I'll give it some further thought. 

Perhaps a well written letter with sufficient signatures will at least help to progress the conversation.

Thanks.

[SheHadMANHands]

This is whatt I like to fucking see.  A nice bounce back.  



EDIT: Oops, must have mistyped link!

[Walsoraj]

Theories as to why Stamp is still higher than Gox?

[Holliday]

Theories as to why Stamp is still higher than Gox?

They haven't proven themselves to be total incompetent idiots?

[kurious]

Theories as to why Stamp is still higher than Gox?

Respect for them is far higher - and being registered in the Europe with a Eurozone bank, with better customer relations and less of a 'stink'!

EDIT: for spelling  and were you serious, Walsoraj?

[SheHadMANHands]

Theories as to why Stamp is still higher than Gox?

I have a theory.  It was a classic bounce back.

Exhibit A:

[MoreFun]

Theories as to why Stamp is still higher than Gox?

Some serious guys or unknown entity acquiring huge amount of coins. Asks above $600 were and are really huge, everything built up in less than one days after crash.

[kurious]

Theories as to why Stamp is still higher than Gox?

Some serious guys or unknown entity acquiring huge amount of coins. Asks above $600 were and are really huge, everything built up in less than one days after crash.

Huobi didn't dive - China again?