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

[billyjoeallen]

http://unsubject.files.wordpress.com/2012/07/jokerburnsmoney.jpg
Karpeles' master plan ... burn all the coinz!?

Karpeles isn't the Joker. He's a kid we left tending the garden when all the flowers died.

[Peter R]

Karpeles' master plan ... burn all the coinz!?

I have a question if you don't mind answering. What is the strange looking operator in your profile picture? Every time you post I can't stop wondering what it is.

Lol, I've always wondered that too.  I just crunched the product in Mathematica and it converged to an equation involving Gamma functions.  Perhaps Marcus can share its significance.

[ChartBuddy]

Explanation

[billyjoeallen]

Satoshi could bail out Gox.

no he couldn't ... not after putting an anti-bailout message in the genesis block, that would ruin bitcoin to its core.

I have to agree. There's moral hazard in a bail-out. We wanted money without central banking and we have it. Time to grow up.

[shmadz]

Feels good to be only 100% BTC again. Being levered long was a little stressful.

I was feeling the same way.. most of my bids got filled, was going to just withdraw the coins to allocate to cold storage... and then this from virtex:

Withdraw Bitcoins

<< Back
Bitcoin Withdrawals are Temporarily Disabled

Please see our twitter feed for updates

Really Virtex? not you too?

[CoinDox]

Feels good to be only 100% BTC again. Being levered long was a little stressful.

I was feeling the same way.. most of my bids got filled, was going to just withdraw the coins to allocate to cold storage... and then this from virtex:

Withdraw Bitcoins

<< Back
Bitcoin Withdrawals are Temporarily Disabled

Please see our twitter feed for updates

Really Virtex? not you too?

Are fiat withdrawals still functioning?

[byronbb]

I guess I'm a little slow letting the news sink in. If 744K coins are really missing, nobody is going to bail out Gox. it's just too much money and the coins would have to be purchased elsewhere, driving up the price further. MK is delusional in thinking he can fix this. Nobody will make his victims whole. The coins are likely unrecoverable and the reason he has been so obtuse is because the magnitude of his failure is overwhelming. I feel sorry for him now. There is no possible redemption. No apology will suffice, and the cops are coming. The statement of remorse I was looking for will come at the sentencing hearing.

The missing coins have likely already been spent into circulation or have disappeared forever along with their private keys. Wow.

so why is bitcoinwisdom showing price movement on Gox?

Yes. The Prof is right. There is a possibility that 744k bitcoins have been destroyed by MtGox if the private keys have been overwritten in its database. Does anyone know whether gox ever implemented HD wallets internally?

This would be *insane*,the blunder of blunders.

[lyth0s]

hmm is there any posts from virtex saying why?

[marcus_of_augustus]

Karpeles' master plan ... burn all the coinz!?

I have a question if you don't mind answering. What is the strange looking operator in your profile picture? Every time you post I can't stop wondering what it is.

Lol, I've always wondered that too.  I just crunched the product in Mathematica and it converged to an equation involving Gamma functions.  Perhaps Marcus can share its significance.

Really? That's cool. Mind if I see the Mathematica output?

[Peter R]

Karpeles' master plan ... burn all the coinz!?

I have a question if you don't mind answering. What is the strange looking operator in your profile picture? Every time you post I can't stop wondering what it is.

Lol, I've always wondered that too.  I just crunched the product in Mathematica and it converged to an equation involving Gamma functions.  Perhaps Marcus can share its significance.

Really? That's cool. Mind if I see the Mathematica output?

f(x) = Sqrt[Pi]/(Gamma[(Pi + x)/(2Pi)] Gamma[1 - x/(2Pi)])

[af_newbie]

hmm is there any posts from virtex saying why?

The BTC withdrawals on virtex are disabled.  Just checked.

[shmadz]

Feels good to be only 100% BTC again. Being levered long was a little stressful.

I was feeling the same way.. most of my bids got filled, was going to just withdraw the coins to allocate to cold storage... and then this from virtex:

Withdraw Bitcoins

<< Back
Bitcoin Withdrawals are Temporarily Disabled

Please see our twitter feed for updates

Really Virtex? not you too?

Are fiat withdrawals still functioning?

Fiat withdrawls appear to be fine, I haven't tested but I have little fiat remaining, so I haven't tested.

LTC withdrawls are tested and confirmed working just fine (very fast too, gotta give it to litecoin for that)

Was considering dumping it all into litecoin just to withdraw, ltc<->btc ratio seems pretty stable...

[marcus_of_augustus]

Karpeles' master plan ... burn all the coinz!?

I have a question if you don't mind answering. What is the strange looking operator in your profile picture? Every time you post I can't stop wondering what it is.

Lol, I've always wondered that too.  I just crunched the product in Mathematica and it converged to an equation involving Gamma functions.  Perhaps Marcus can share its significance.

Really? That's cool. Mind if I see the Mathematica output?

f(x) = Sqrt[Pi]/(Gamma[(Pi + x)/(2Pi)] Gamma[1 - x/(2Pi)])

wow ... you might have just solved a long standing problem ... I'll let you know.

[JorgeStolfi]

Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):


             !    Mon !    Tue !   Wed !    Thu !    Fri !    Sat !    Sun !    Mon !    Tue !
  EXCHANGE   !  02/17 !  02/18 ! 02/19 !  02/20 !  02/21 !  02/22 !  02/23 !  02/24 !  02/25 ! Currencies considered

  Bitstamp   |  19.90 |  14.83 | 20.76 |  34.97 |  29.61 |  18.08 |  20.87 |  51.84 | 115.76 | USD
  BitFinEx   |  15.69 |   8.47 |  4.71 |  25.27 |  28.46 |  14.73 |  15.80 |  27.16 |  94.55 | USD
  BTC-e      |  15.07 |   8.08 |  5.84 |  23.37 |  23.64 |  18.68 |  14.24 |  20.78 |  73.86 | USD,EUR,RUR
  Kraken     |   0.89 |   0.51 |  0.38 |   1.60 |   1.15 |   1.08 |   1.06 |   1.06 |   2.23 | EUR
  Bitcoin.DE |   0.57 |   0.38 |  0.54 |   0.70 |   0.76 |   0.61 |   0.50 |   0.73 |   2.23 | EUR
  CaVirtEx   |   0.15 |   0.21 |  0.11 |   0.75 |   0.60 |   0.20 |   0.23 |   0.30 |   2.15 | CAD
  CampBX     |   0.28 |   0.10 |  0.14 |   0.73 |   0.24 |   0.26 |   0.22 |   0.37 |   0.42 | USD

  SUBTOTAL   |  52.55 |  32.58 | 32.48 |  87.39 |  84.46 |  53.64 |  52.92 | 102.24 | 291.20 |

  Huobi      | 130.41 |  74.04 | 34.12 | 131.14 | 187.12 | 154.12 | 185.15 | 163.47 | 352.76 | CNY
  OKCoin     |  63.05 |  51.46 | 26.29 |  53.49 | 140.75 |  87.71 | 141.90 |  84.03 | 275.68 | CNY
  BTC-China  |   7.86 |   3.86 |  2.04 |  10.97 |  15.23 |   9.29 |  10.42 |  13.12 |  27.72 | CNY
  Bter       |   0.48 |   0.35 |  0.37 |   0.77 |   0.63 |   0.48 |   0.62 |   0.53 |   1.10 | CNY

  SUBTOTAL   | 201.80 | 129.71 | 62.82 | 196.37 | 343.73 | 251.60 | 338.09 | 261.15 | 657.26 |

  TOTAL      | 254.35 | 162.29 | 95.30 | 283.76 | 428.19 | 305.24 | 391.01 | 363.39 | 948.46 |



All numbers were collected by hand from the site http://bitcoinwisdom.com. Beware of possible errors.

For each exchange, the numbers include only the trade volume to/from the currencies listed in the rightmost column. Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

Dates on the header line are UTC. Specifically, "01/15" means "from 01/15 00:00:00 UTC to 01/15 23:59:59 UTC". (Beware that Bitcoinwisdom uses your local time, so the date may appear to be off by 1 day.  For example, if you are 2 hours west of Greenwich, it may show "01/14 22:00" when the UTC time is "01/15 00:00".)

NOTE: MtGOX is now closed.

[CoinDox]

I hope that there won't be any new news coming out of Canada regarding regulation... They have never paused BTC withdraws before. This is the last update we got on the regulatory environment here up north http://www.coindesk.com/canadas-finance-minister-regulate-bitcoin/

[lyth0s]

Karpeles' master plan ... burn all the coinz!?

I have a question if you don't mind answering. What is the strange looking operator in your profile picture? Every time you post I can't stop wondering what it is.

Lol, I've always wondered that too.  I just crunched the product in Mathematica and it converged to an equation involving Gamma functions.  Perhaps Marcus can share its significance.

Really? That's cool. Mind if I see the Mathematica output?

f(x) = Sqrt[Pi]/(Gamma[(Pi + x)/(2Pi)] Gamma[1 - x/(2Pi)])

wow ... you might have just solved a long standing problem ... I'll let you know.

I'm no math expert, but doesn't that equation need to run for n=1 to n=infinity? aka an indefinite calculation?

[shmadz]

hmm is there any posts from virtex saying why?

https://twitter.com/cavirtex

something about a problem when they enabled LTC trading...

if you can find an explicit reason there, please share it.  I can't see the post history (probably 'cuz I'm blocking the scripts), but I'm not a twitter guy so I'm not sure how that stuff works.

[explorer]

I hope that there won't be any new news coming out of Canada regarding regulation... They have never paused BTC withdraws before. This is the last update we got on the regulatory environment here up north http://www.coindesk.com/canadas-finance-minister-regulate-bitcoin/

And Virtex's typical stupid note to see twitter for updates.  They managed to write that, but adding a link was too hard? They might as well post it on the back of a barn; I'm still not searching for it.    I guess the cash I just transferred will go play in LTC for now  

[solex]

hmm is there any posts from virtex saying why?

https://twitter.com/cavirtex

if you can find a reason there, please share it.  I can't see the post history (probably 'cuz I'm blocking the scripts), but I'm not a twitter guy so I'm not sure how that stuff works.

They added LTC and it has caused some knock-on problems with their system.

[Peter R]

I'm no math expert, but doesn't that equation need to run for n=1 to n=infinity? aka an indefinite calculation?

Yes, but just like certain infinite sums converge (think power series for cos(x)), certain infinite products also converge.  Mathematica is pretty intelligent and can often reduce infinite sums and products to closed-form analytic equations.