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

[sickpig]

2- make sure that you use one of the best antivirus programs on the computer you use to browse around and make sure it is up to date.

If I may I dare to expand this point a little. Please do not use windows. It implies an order of magnitude wider attack surface when compared to Linux, OpenBSD, etc. I'm not saying that the latter are better OS per se, I'm only saying that the more diffuse is an OS the higher the effort to hack that system.

So ideally just try to compile your wallet on the less spreaded OS, ideally one should use plan9(*) or something like this. A good compromise in terms of usability could be Linux or FreeBSD.

(*) No, I didn't try to compile bitcoind on plan9 but is should be feasable.

 

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[prof7bit]

Been away for a few hours and I see this:



What happened? Bulls retaliated preemptively?

Stamp glitch...

This is why there can't be a goxtool for bitstamp (that could live up to the promises of the old goxtool) until they [bitstamp] fire the idiots who are in charge of this mess, hire some competent programmers and get a properly functioning trading engine.

In the meantime the occasional "glitch" will probably make wallets bleeding and coins magically disappearing (and rematerializing somewhere else) for many years until it finally all decompresses with a loud "PFFfffftzz..t....oops!"

[JayJuanGee]

I've been pretty bullish lately but I do have one concern. The injection of fiat into bitstamp order books seems to have stopped. There isn't any more fiat on the books nows than there was in the past week in the 500 levels. The amount of selling (in btc) to reach 400 is exactly the same and the total amount of fiat on the books is actually LESS because all the bids in the 300s and 200s were removed.  If I don't see another fiat injection in the next week, I am going to get really concerned.

A bull may be transformed into a bear?

Do you have to have a Bitstamp account to view this information?

 I do NOT have an account, but I can view the bid and ask order books - but only back so far.  Currently, with the price at $663, I can see between $530 and $796.  I did NOT know that anyone could view beyond those order price points.

[sickpig]

Now why this Stamp bashing? Do I need to know something? Have a lot of Coins there...

Are you serious?

It's not wise to keep a lot of value into an exchange account.

[prof7bit]

Now why this Stamp bashing? Do I need to know something? Have a lot of Coins there...

Are you serious?

It's not wise to keep a lot of value into an exchange account.

And especially not in an exchange that is running such shoddy malfunctioning code as bitstamp.

[derpinheimer]

Is the drop because of tihs? http://www.pcworld.com/article/2104400/bitcoin-bank-flexcoin-shuts-down-after-massive-theft.html

[adamstgBit]

so its official stamps is the new gox

we're all going to get stamped!

 

[UnDerDoG81]

Now why this Stamp bashing? Do I need to know something? Have a lot of Coins there...

Are you serious?

It's not wise to keep a lot of value into an exchange account.

And especially not in an exchange that is running such shoddy malfunctioning code as bitstamp.

WTF everybody here was saying that Stamp is the best exchange and finaly we get rid of gox and hail Stamp... And now its bullshit code?

[billyjoeallen]

Eh, what the living fuck.

BTC-E @ $648
Stamp @ $663
coindesk @ 658

Keep your shit

 together people.

CB was at $668

[bitcodo]

I can't help myself, but the whole situation reminds me of

[KFR]

* However, if I see someone buying a lottery ticket because he thinks it is a good investment, I feel this Darwinian duty (magnified by professional habit) to inform that fellow primate about the odds, expected value, and all that.  If the guy does not believe me, then, shrug,  that is his problem.  And, of course, I consider myself excused of that duty if  I think that the guy may steal my bananas, or if he snarled some unfriendly noises at me.

Based purely on whether you think it's a good investment.  This is your own subjective assessment.  Your credentials lead people to expect a certain level of objectivity and dedication to the scientific method - i.e. the ability to embrace challenges to your own assumptions and the rapid and full acceptance of new data.  You have instead been very quick to jump to assumptions that would support negative conclusions and been persistently skeptical about things that your peers have long established to be prevailing analysis.

With respect you do seem to consistently demonstrate a rather profound bias.  That in itself would be fine if you were to declare it.  Instead you use "professional academic skepticism" as shield behind which you can conceal your instincts.

If you were as rigorous about objectivity as you are quick to jump to straw man arguments I think you'd find people treated your research as the purely academic work that you claim it to be and would, accordingly be a good deal more respectful and less personal in their rebuttals.

This is just my subjective opinion of course.

[EuroTrash]

Slovenia is in the Eurozone and adopted Euro as national currency (a choice which arguably creates more problems to the country's balance sheets). BitStamp uses a big European bank. It's not much but it is a lot in bitcoinland.

There are allegedly safer options in Europe e.g. exchanges that are directly tied to banks where a trader has his own account number and IBAN. But Stamp has first mover advantage and it has worked like clockwork so far.
I still have to see a case where a EUR withdrawal from Stamp went wrong and it wasn't due to either hostile receiving bank or user error (so never Stamp's fault).

Now, any theory on why the orderbook of Stamp is gone so shallow? Post bubble-pop depression? Or is it an indirect consequence of Goxscare?

[hdbuck]

Now why this Stamp bashing? Do I need to know something? Have a lot of Coins there...

Are you serious?

It's not wise to keep a lot of value into an exchange account.

And especially not in an exchange that is running such shoddy malfunctioning code as bitstamp.

WTF everybody here was saying that Stamp is the best exchange and finaly we get rid of gox and hail Stamp... And now its bullshit code?

learn from mistakes: exchanges are going to be better never trust a third party whatsoever 

[slovenc]

I've been pretty bullish lately but I do have one concern. The injection of fiat into bitstamp order books seems to have stopped. There isn't any more fiat on the books nows than there was in the past week in the 500 levels. The amount of selling (in btc) to reach 400 is exactly the same and the total amount of fiat on the books is actually LESS because all the bids in the 300s and 200s were removed.  If I don't see another fiat injection in the next week, I am going to get really concerned.

I'd be more concerned by that $633 flash crash. Where the hell is Slovenia, anyway? It's 2014 and I can't believe we don't have better exchange options yet. Huge entrepreneurial opportunity for somebody who can recognize the need for transparency.

Go back to school and you will know where Slovenia is. It seems it is leading country for cryptocurrency trading. Still waiting for someone else from respectful country like yours to show something better.
Some have Hitler and Bosh, some have Bush and you, but we have Bitstamp.


Anyway, the 'glitch' was just the begining.


All your bitcoins are belong to us.

+1 !

[prof7bit]

WTF everybody [...] hail Stamp... And now its bullshit code?

Yes, and it has been like this for quite some time. This is how coins go "missing". If they cannot even get a trading engine working correctly (even gox was able to do this, their engine was slow but at least it was correct and deterministic) then I would not trust them with any significant amount of money.

[KFR]

Where the hell is Slovenia, anyway? It's 2014 and I can't believe we don't have better exchange options yet.

It's 2014 and I can't believe people are still asking questions like this so unashamedly.

[Walsoraj]

$180 by Friday? Adam??

[sickpig]

Now why this Stamp bashing? Do I need to know something? Have a lot of Coins there...

Are you serious?

It's not wise to keep a lot of value into an exchange account.

And especially not in an exchange that is running such shoddy malfunctioning code as bitstamp.

WTF everybody here was saying that Stamp is the best exchange and finaly we get rid of gox and hail Stamp... And now its bullshit code?

My advice wasn't related to a particular exchange. IMHO it's a rule that you must follow to avoid painful losses and it applies to all the exchanges.

[spin]

There are allegedly safer options in Europe e.g. exchanges that are directly tied to banks where a trader has his own account number and IBAN. But Stamp has first mover advantage and it has worked like clockwork so far.
I still have to see a case where a EUR withdrawal from Stamp went wrong and it wasn't due to either hostile receiving bank or user error (so never Stamp's fault).

Which ones?

[KFR]

I have no reason to plug it other than my own very positive experiences:

Kraken is fast, reliable and has a very slick interface.  Really quick and easy verification too.