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

[JorgeStolfi]

Can someone clue me in here...

Is this just another pump led by the Chinese? or is this news driven?

From my understanding, some of the banks still have not issued deposit closure to the Chinese exchanges, but will at some point.

Could be that some traders see some advantage in having a large BTC balance in the Chinese exchanges after May/10.  E.g. to sell to other addicted traders as in OKCoin's broker mechanism. Or to sell to lazy and ill-informed clients who will end up with yuan trapped inside the exchanges and will need to convert them to BTC to get their money out.

[1714026733]

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[1714026733]

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[dreamspark]

Can someone clue me in here...

Is this just another pump led by the Chinese? or is this news driven?

From my understanding, some of the banks still have not issued deposit closure to the Chinese exchanges, but will at some point.

Could be that some traders see some advantage in having a large BTC balance in the Chinese exchanges after May/10.  E.g. to sell to other addicted traders as in OKCoin's broker mechanism. Or to sell to lazy and ill-informed clients who will end up with yuan trapped inside the exchanges and will need to convert them to BTC to get their money out.

What hogwash. So what do these sellers do with their yuan thats then trapped inside the exchanges after they have sold to the 'lazy and uninformed' (we'll forget the fact that they've been informed since december for now).

[MoreFun]

Isn't it strange that there is no serious walls (500BTC+) for quite a long time (weeks) on the bid side. Neither on the ask side. Talking about stamp.

[ChartBuddy]

Explanation

[niothor]

Isn't it strange that there is no serious walls (500BTC+) for quite a long time (weeks) on the bid side. Neither on the ask side. Talking about stamp.

Whales are waiting for each other , none wanting to be the first putting walls to influence the price .
It's getting interesting

[soullyG]

Bitstamp have updated their minimum order amount to $5:

Dear Bitstamp clients,

On May 15th, 2014 the minimum trade amount will be changed to $5.00.

Bitstamp’s accounting system rounds trading fees to pennies. To greatly reduce the impact of this rounding for our clients the minimum trade amount is being raised to $5.00.

The $5.00 trade minimum will apply to both our web interface and our API.

Best regards,
Bitstamp team

https://www.bitstamp.net/article/bitstamp-minimum-trade-changing-to-5/

[dreamspark]

Bitstamp have updated their minimum order amount to $5:

Dear Bitstamp clients,

On May 15th, 2014 the minimum trade amount will be changed to $5.00.

Bitstamp’s accounting system rounds trading fees to pennies. To greatly reduce the impact of this rounding for our clients the minimum trade amount is being raised to $5.00.

The $5.00 trade minimum will apply to both our web interface and our API.

Best regards,
Bitstamp team

https://www.bitstamp.net/article/bitstamp-minimum-trade-changing-to-5/

LOL, rather than do the correct fix.

[oda.krell]

Bitstamp have updated their minimum order amount to $5:

Dear Bitstamp clients,

On May 15th, 2014 the minimum trade amount will be changed to $5.00.

Bitstamp’s accounting system rounds trading fees to pennies. To greatly reduce the impact of this rounding for our clients the minimum trade amount is being raised to $5.00.

The $5.00 trade minimum will apply to both our web interface and our API.

Best regards,
Bitstamp team

https://www.bitstamp.net/article/bitstamp-minimum-trade-changing-to-5/

LOL, rather than do the correct fix.

Depends on your perspective. You probably have the fee escrow method in mind, right?

I'm not a big fan of high frequency, low volume automated trading in Bitcoin, so the $5 min trade size is a solution for 2 problems in my view.

[soullyG]

Bitstamp have updated their minimum order amount to $5:

Dear Bitstamp clients,

On May 15th, 2014 the minimum trade amount will be changed to $5.00.

Bitstamp’s accounting system rounds trading fees to pennies. To greatly reduce the impact of this rounding for our clients the minimum trade amount is being raised to $5.00.

The $5.00 trade minimum will apply to both our web interface and our API.

Best regards,
Bitstamp team

https://www.bitstamp.net/article/bitstamp-minimum-trade-changing-to-5/

LOL, rather than do the correct fix.

Depends on your perspective. You probably have the fee escrow method in mind, right?

I'm not a big fan of high frequency, low volume automated trading in Bitcoin, so the $5 min trade size is a solution for 2 problems in my view.

Agreed, I think this is the solution I would have preferred - although I can see why many people would not!

[niothor]

Bitstamp have updated their minimum order amount to $5:

Dear Bitstamp clients,

On May 15th, 2014 the minimum trade amount will be changed to $5.00.

Bitstamp’s accounting system rounds trading fees to pennies. To greatly reduce the impact of this rounding for our clients the minimum trade amount is being raised to $5.00.

The $5.00 trade minimum will apply to both our web interface and our API.

Best regards,
Bitstamp team

https://www.bitstamp.net/article/bitstamp-minimum-trade-changing-to-5/

LOL, rather than do the correct fix.

Depends on your perspective. You probably have the fee escrow method in mind, right?

I'm not a big fan of high frequency, low volume automated trading in Bitcoin, so the $5 min trade size is a solution for 2 problems in my view.

I too think this is the right answer. All this bot trading is annoying sometimes.
Besides I really like the fact that Bitstamp at least did something pretty fast trying to fix the issue once the community start yelling.

[mmitech]

what a fucking joke, the last couple of days some of you were crying all around the place about the rounding up and about Bitstamp ripping customers off, and most of you agreed on the $5 min order, in fact most of you said it should minimize the effect, but today you are crying again about them doing what you wished for !!!!! what the heck is wrong with people  

[oda.krell]

what a fucking joke, the last couple of days some of you were crying all around the place about the rounding up and about Bitstamp ripping customers off, and most of you agreed on the $5 min order, in fact most of you said it should minimize the effect, but today you are crying again about them doing what you wished for !!!!! what the heck is wrong with people  

Too much coffee, huh?

By my count, 3 out of 4 posts here welcome the decision.

[mmitech]

what a fucking joke, the last couple of days some of you were crying all around the place about the rounding up and about Bitstamp ripping customers off, and most of you agreed on the $5 min order, in fact most of you said it should minimize the effect, but today you are crying again about them doing what you wished for !!!!! what the heck is wrong with people  

Too much coffee, huh?

By my count, 3 out of 4 posts here welcome the decision.

then my bad, I did read only a couple that got me pissed off.... but what I wrote is true, human nature 

[niothor]

what a fucking joke, the last couple of days some of you were crying all around the place about the rounding up and about Bitstamp ripping customers off, and most of you agreed on the $5 min order, in fact most of you said it should minimize the effect, but today you are crying again about them doing what you wished for !!!!! what the heck is wrong with people  

Too much coffee, huh?

By my count, 3 out of 4 posts here welcome the decision.

Maybe he got his numbers from another thread? I think I saw a thread related to this bitstamp move earlier

[mmitech]

what a fucking joke, the last couple of days some of you were crying all around the place about the rounding up and about Bitstamp ripping customers off, and most of you agreed on the $5 min order, in fact most of you said it should minimize the effect, but today you are crying again about them doing what you wished for !!!!! what the heck is wrong with people  

Too much coffee, huh?

By my count, 3 out of 4 posts here welcome the decision.

Maybe he got his numbers from another thread? I think I saw a thread related to this bitstamp move earlier

davout is pissing me off on the other thread, but we all know why

[niothor]

what a fucking joke, the last couple of days some of you were crying all around the place about the rounding up and about Bitstamp ripping customers off, and most of you agreed on the $5 min order, in fact most of you said it should minimize the effect, but today you are crying again about them doing what you wished for !!!!! what the heck is wrong with people  

Too much coffee, huh?

By my count, 3 out of 4 posts here welcome the decision.

Maybe he got his numbers from another thread? I think I saw a thread related to this bitstamp move earlier

davout is pissing me off on the other thread, but we all know why

Well , reading through that thread it's no wonder you posted that above There are some very angry people in there

[dogechode]

Honestly $5 minimum is more than fair. The only people hurt by this are people trying manipulate prices. Fuck em.

[ChartBuddy]

Explanation

[freebit13]

It seems boredum is ruling current sentiment, perhaps this might help, enjoy the show.

Joe Rogan Experience #490 - Andreas Antonopoulos: https://www.youtube.com/watch?v=EnhGlgCm4MU

[ChrisML]

Is the trend line broken yet?