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

[Shak]

can you please stop quoting that ripple-fanboy here? many have him on ignore because they are tired to read his ramblings about premined scams

[mah87]

I think the Chinese exchanges should also make a resolution to show the entire order book.

why not real volume ? At least on ripple you can monitor everything. Bitstamp is already in.

That is already one of their resolutions. By eliminating HFT, the volume will be reduced to the 'real volume'.

I think ripply is off topic here. This forum is about cryptocurrencies - not just any and every payment technology.

yes true, but XRP are a crypto currencies. I'm saying this. XRP price is $0,006  right now and it will be $0,01 by the end of the week. So just talking about speculation this is probably the best investment you can make this week (then come back to any other crypto)

I'm not saying that because I want to "support" ripple or anything, i'm just saying the Fidor news is a big news and that there is money be made.

[dreamspark]

Oh, man this chart looks sick. http://coinmarketcap.com/xrp_180.html

brb off to buy me some xrp the chart makes it look like a sound investment.

[mah87]

can you please stop quoting that ripple-fanboy here? many have him on ignore because they are tired to read his ramblings about premined scams

talking about premined scam just show you don't understand it. However I agree this is off-topic.

[gizmoh]

I think the Chinese exchanges should also make a resolution to show the entire order book.

why not real volume ? At least on ripple you can monitor everything. Bitstamp is already in.

Bitstamp is in for reasons....

What reasons? I'm still puzzled why bitstamp is still supporting ripple, might be they were allocated a few million xrp as incentive..

[Cassius]

can you please stop quoting that ripple-fanboy here? many have him on ignore because they are tired to read his ramblings about premined scams

I am so sorry, I was just looking at market caps for cryptocurrencies and for some reason Ripple was there too.

[mah87]

I think the Chinese exchanges should also make a resolution to show the entire order book.

why not real volume ? At least on ripple you can monitor everything. Bitstamp is already in.

Bitstamp is in for reasons....

What reasons? I'm still puzzled why bitstamp is still supporting ripple, might be they were allocated a few million xrp as incentive..

Try to understand why Ripple is a very interesting thing then you'll understand why Bitstamp and Fidor adopted it and why others will follow.

[el_rlee]

Somebody's buying...

[maximum]

I think the Chinese exchanges should also make a resolution to show the entire order book.

why not real volume ? At least on ripple you can monitor everything. Bitstamp is already in.

Bitstamp is in for reasons....

What reasons? I'm still puzzled why bitstamp is still supporting ripple, might be they were allocated a few million xrp as incentive..

Try to understand why Ripple is a very interesting thing then you'll understand why Bitstamp and Fidor adopted it and why others will follow.

because it is politics 2.0, they probably received a ton of xrp.

[magicmexican]

Bitscamp is pumping?

[spooderman]

Why the fuck does bitstamp do ripple? Seriously, they are generally a good exchange, but wtf is that?

[ChartBuddy]

Explanation

[mah87]

Why the fuck does bitstamp do ripple? Seriously, they are generally a good exchange, but wtf is that?

It's been a year already. Because Ripple will federate exchanges between gateways. Try to read more on Ripple. Fidor Bank is also part of Ripple Network now. Kraken will soon be a gateway too.

[p0peji]

On to more serious matters, why are there such big buy orders on Huobi?

[gizmoh]

On to more serious matters, why are there such big buy orders on Huobi?

Momentum,  people see people buy , they buy..

[dreamspark]

On to more serious matters, why are there such big buy orders on Huobi?

China unbanned Bitcoin 

Its starting to be the last chance for any Chinese people to easily get some skin in the game lol

[TERA]

On to more serious matters, why are there such big buy orders on Huobi?

Because of all the hot newses that the exchange owners wrote.

[Davyd05]

good ole spring time optimism

[Teppino]

Or same ol' insiders frontrunning

[JorgeStolfi]

What if Huobi now has a system in place that would only let the price fluctuate 50 yuan a day? To protect its traders?

edit: I know it sounds crazy but we are dealing with an exchange in distress here.
[...]

fake sells as soon as price rises too much and fake buys as soon as price drops too much? Or stop processing buy or sell orders as soon as max or min price for that day has been reached?

edit: like I said before it is far fetched, but it would kill volatility

A really fake transaction is possible only within the real spread, so it cannot change the price beyond those bounds.  I believe MtGOX did that to suggest that the price was rising when there was no volume, OKCoin does that perhaps to increase volume, and other exchanges do that to mask the absence of real trades.  That may be why the charts of Bitstamp etc. look like broad bands rather than thin staircases (like BTC-China used to be in the voucher era).

To stop the price from rising beyond a certain limit the exchange would have to do real sales of BTC at that chosen price.  That would cost the exchange an unbounded amount of BTC, since every buyer who was willing to pay a higher price would buy into the exchange's wall.  Ditto for the other direction.

After one of the large crashes (forgot the year), real stock exchanges implemented a safety switch that stops trading automatically if the price changes too much too fast.  But that cannot be abused: the exchange's job is to make trading possible, if the clients want the price to be X the exchange must let them do it.