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

[uhoh]

I was looking at bitcoinwisdom.  They show it on their site too but it is being DDOSed apparently, 404 for me.  Meanwhile OKCoin is falling.

Pathetic, especially for a computer scientist.

http://isitup.org/bitcoinwisdom.com

bitcoinwisdom.com is up.

He meant Huobi is down, not BW

[Pacepa]

the point Jeorje was trying to make was that "huobi was apparently DDOS'ed, not bitcoinwisdom"

[edwardspitz]

But strangely the graph for Kraken on BW has not been working for a few hours. The order book is fine though. I have reported the problem in the BW thread.

[Pacepa]

So...do we have ourselves a new price-setter in the "person" of OKCoin?

[JorgeStolfi]

Huobi on BW showed a little progress then froze again.  Bid side, log, current price still at ~3101.  Ask side down to 2090 (yes, 2090, not 2900).

EDIT may be a bug on their chart API.  

EDIT2 Back to working it seems, ~3067

[Davyd05]

Huobi on BW showed a little progress then froze again.  Bid side, log, current price still at ~3101.  Ask side down to 2090 (yes, 2090, not 2900).

Well its up let see if it goes down to 2090.

those darned errors

[equipoise]

i'll go with the price of bitcoin on April 20th at 4:20PM UTC

Good time! Weed like to talk! 4:20 https://bitcointalk.org/index.php?topic=494125.0

[m3g4tr0n]

Strange volume for this hour in china! When have they been this active at 2am?

[JorgeStolfi]

those darned errors

Someone typed "sell 5000 at 2090" instead of "sell 5.000 at 3090"? 

[JorgeStolfi]

Strange volume for this hour in china! When have they been this active at 2am?

I believe it is 00:57 now.  They are usually still trading at this hour, and stay up even later when price is changing fast.

[ChartBuddy]

Explanation

[Post-Cosmic]

"TA can't possibly give you a greater than 50% edge" sounds awfully similar to "it is impossible to make a living by playing poker it is all just luck" to me.

Speaking as someone who doesn't day trade, doesn't know much about TA but makes a living from poker.

People tend to overrate themselves on pretty much everything that they're not amazing at (and ironically may sometimes doubt themselves if they are actually good), so obviously if they can't do it, it can't be possible. That's usually why losing players/traders say it's not possible, and winning players/traders question every single move that cost them money.

+1

[Walsoraj]

Strange volume for this hour in china! When have they been this active at 2am?

I believe it is 00:57 now.  They Americans operating bots are usually still trading at this hour, and stay up even later when price is changing fast.

ftfy

[JorgeStolfi]

Strange volume for this hour in china! When have they been this active at 2am?

I believe it is 00:57 now.  They Americans operating bots are usually still trading at this hour, and stay up even later when price is changing fast.

ftfy

Bah. It is the Age of the Internet.  Who cares where China is anyway? 

[Bagatell]

"TA can't possibly give you a greater than 50% edge" sounds awfully similar to "it is impossible to make a living by playing poker it is all just luck" to me.

Speaking as someone who doesn't day trade, doesn't know much about TA but makes a living from poker.

People tend to overrate themselves on pretty much everything that they're not amazing at (and ironically may sometimes doubt themselves if they are actually good), so obviously if they can't do it, it can't be possible. That's usually why losing players/traders say it's not possible, and winning players/traders question every single move that cost them money.

+1

The Dunning–Kruger effect is a cognitive bias which can manifest in one of two ways:

http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect

[wachtwoord]

"TA can't possibly give you a greater than 50% edge" sounds awfully similar to "it is impossible to make a living by playing poker it is all just luck" to me.

Speaking as someone who doesn't day trade, doesn't know much about TA but makes a living from poker.

People tend to overrate themselves on pretty much everything that they're not amazing at (and ironically may sometimes doubt themselves if they are actually good), so obviously if they can't do it, it can't be possible. That's usually why losing players/traders say it's not possible, and winning players/traders question every single move that cost them money.

+1

The Dunning–Kruger effect is a cognitive bias which can manifest in one of two ways:

http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect

My favourite psychological effect

[Post-Cosmic]

This is what happens to me when you guys start talking about encryption security & technical engineering :

[ChartBuddy]

Explanation

[edwardspitz]

Explanation

Chartbuddy you sexy bitch. Let's go get a room for the night and you can tell me all about Bitcoin.

How was your date?

[ChartBuddy]

Explanation