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

[heslo]

Gox is tanking 

[Holliday]

Gox is tanking 

People are selling goxcoins for goxdollars? I hope they are enjoying their virtual trading game!

[creekbore]

Gox is tanking 

People are selling goxcoins for goxdollars? I hope they are enjoying their virtual trading game!

Makes little sense does it (giving Mark more money in fees)....I have coins stuck on there but refuse to trade for this reason.

[Holliday]

Gox is tanking 

People are selling goxcoins for goxdollars? I hope they are enjoying their virtual trading game!

Makes little sense does it (giving Mark more money in fees)....I have coins stuck on there but refuse to trade for this reason.

Mark is brilliant. Make fiat and Bitcoin withdraws impossible and let people trade their balances until fees whittle everyone to 0! What a wonderful business plan!

[shmadz]

The way bitcoin trades has completely changed. There is this consistent amount of high volume buy orders and sell orders on the books on bitstamp and btce and all this buying for this huge amount of coins but the price doesn't go anywhere. If there was this much buying in November then the price would have gone to over 9000. When I watch BitcoinWisdom, I feel like I'm watching Litecoin.

Perhaps it is the side-effect of this from mid January (and they are now using stamp/btce not gox).

According to Navidan, almost 5% of eToro’s active user base (about 200,000 users) have open bitcoin positions at the moment. Users from South America, the UK and Germany are currently the top bitcoin traders.

http://www.coindesk.com/etoro-launches-bitcoin-trading-3-million-users/

still trying (failing) to catch up, but this excerpt from that article caught my attention.

"Orders for bitcoin on the site will be executed four times a day, which is more frequent than the daily order execution for equities on the platform."



what?

please tell me that this is not normal to wait for "daily order execution" when dealing with the legacy system. traders must be able to trade instantly, otherwise, it kinda sucks. why would you even sign up for that?

maybe I'm just not understanding what "daily order execution" means?

[Clayce]

The poll should have a "who gives a fuck.." vote..

[SilverandBitcoins]

Are we talking burning train for a while, or train with wings?

[shmadz]

The poll should have a "who gives a fuck.." vote..

It does.

In this thread "who gives a fuck..." is spelled HODL!!!!!!!!!!!!!!

[creekbore]

The poll should have a "who gives a fuck.." vote..

It does.

In this thread "who gives a fuck..." is spelled HODL!!!!!!!!!!!!!!

LOL +1

[solex]

The way bitcoin trades has completely changed. There is this consistent amount of high volume buy orders and sell orders on the books on bitstamp and btce and all this buying for this huge amount of coins but the price doesn't go anywhere. If there was this much buying in November then the price would have gone to over 9000. When I watch BitcoinWisdom, I feel like I'm watching Litecoin.

Perhaps it is the side-effect of this from mid January (and they are now using stamp/btce not gox).

According to Navidan, almost 5% of eToro’s active user base (about 200,000 users) have open bitcoin positions at the moment. Users from South America, the UK and Germany are currently the top bitcoin traders.

http://www.coindesk.com/etoro-launches-bitcoin-trading-3-million-users/

still trying (failing) to catch up, but this excerpt from that article caught my attention.

"Orders for bitcoin on the site will be executed four times a day, which is more frequent than the daily order execution for equities on the platform."



what?

please tell me that this is not normal to wait for "daily order execution" when dealing with the legacy system. traders must be able to trade instantly, otherwise, it kinda sucks. why would you even sign up for that?

maybe I'm just not understanding what "daily order execution" means?

The "200,000" traders (if that number is to be believed) do not own any bitcoins on eToro. They can't deposit or withdraw. Their accounts are CFDs. They trade instantly with eToro.
eToro must hold BTC in order to be risk neutral for its own book. The daily order execution is eToro, as market-maker, buying and selling on a Bitcoin exchange to hedge the net long/short position of all the traders.  They must have their own long-term prop fund to use as well.

[shmadz]

The poll should have a "who gives a fuck.." vote..

It does.

In this thread "who gives a fuck..." is spelled HODL!!!!!!!!!!!!!!

LOL +1

hehehe, I always pick it, no matter what.

Listen, I play around on the exchanges and win or lose money, but in the long term bitcoin or something like it will either win or lose.

I don't like the kind of world we will be living in if an idea that becomes an open, distributed, de-centralized, ledger of account, that is audited in real time by millions of nodes world wide and cryptographically protected by more than 250 exaflops is built specifically to not let *anyone* control or corrupt it ...

If we allow an idea like that to become illegal, well then... "If you want a picture of the future, imagine a boot stamping on a human face — forever."

[shmadz]

The way bitcoin trades has completely changed. There is this consistent amount of high volume buy orders and sell orders on the books on bitstamp and btce and all this buying for this huge amount of coins but the price doesn't go anywhere. If there was this much buying in November then the price would have gone to over 9000. When I watch BitcoinWisdom, I feel like I'm watching Litecoin.

Perhaps it is the side-effect of this from mid January (and they are now using stamp/btce not gox).

According to Navidan, almost 5% of eToro’s active user base (about 200,000 users) have open bitcoin positions at the moment. Users from South America, the UK and Germany are currently the top bitcoin traders.

http://www.coindesk.com/etoro-launches-bitcoin-trading-3-million-users/

still trying (failing) to catch up, but this excerpt from that article caught my attention.

"Orders for bitcoin on the site will be executed four times a day, which is more frequent than the daily order execution for equities on the platform."



what?

please tell me that this is not normal to wait for "daily order execution" when dealing with the legacy system. traders must be able to trade instantly, otherwise, it kinda sucks. why would you even sign up for that?

maybe I'm just not understanding what "daily order execution" means?

The "200,000" traders (if that number is to be believed) do not own any bitcoins on eToro. They can't deposit or withdraw. Their accounts are CFDs. They trade instantly with eToro.
eToro must hold BTC in order to be risk neutral for its own book. The daily order execution is eToro, as market-maker, buying and selling on a Bitcoin exchange to hedge the net long/short position of all the traders.  They must have their own long-term prop fund to use as well.

thank you. I did not understand CFD's. Now I do. seems a decent gambling book. prudent to step up their execution schedule when dealing with bitcoin, though they might want to go at least hourly... bitcoin likes to move it move it.

[Davyd05]

Adam I am so mad, I didn't dump fiat in cavirtex ..though I knew I should've all the cheaper coins are not going to be mine

[windjc]

Here is some good news:

http://www.bloomberg.com/news/2014-02-11/lawsky-says-new-york-will-adapt-money-transfer-rules-for-bitcoin.html

[vokain]

Here is some good news:

http://www.bloomberg.com/news/2014-02-11/lawsky-says-new-york-will-adapt-money-transfer-rules-for-bitcoin.html

woohoo CCMF

[Nemo1024]

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 .

Sounds familiar!

[vokain]

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 .

Sounds familiar!

me too lol

[creekbore]

Here is some good news:

http://www.bloomberg.com/news/2014-02-11/lawsky-says-new-york-will-adapt-money-transfer-rules-for-bitcoin.html

woohoo CCMF

Well, if "Shroomskit's Law" (all positive news about BTC precipitates a sell off) then we should see a further dip in the price 

[podyx]

anyone know anything about the standard bank news?? anyone tried it?

its like a bank but u can send bitcoins instead and they store it safe or what?

[ChartBuddy]

Done with Gox
Explanation