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

[JayJuanGee]

troll bs

Hey cuntface!  

Please don't insult women's genitalia by using them to refer to this loser.

+1

+2   

[fonzie]

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!!  

[adamstgBit]

such action

[JayJuanGee]

gmaxwell (Gregory Maxwell) is also a core dev and has expressed his concerns about the situation on Reddit: http://www.reddit.com/r/Bitcoin/comments/27lotn/people_dont_realize_how_serious_a_50_attack_is/ci27dpy

He's saying that a pool with 30% is just as bad as a pool with 51%, so according to him the current situation is not any different than before as there have always been pools with around 30% of the network.

Wait, all this time they are concerned the whole bitcoin thing is broken, but they picked this date to all of a sudden spread their concerns? What a bunch of assholes imo, sell their coins and suddenly express their concerns.  

Yeah... WTF?

[Gimmelfarb]

... pile of crap ...

Love that you added that ghash.io link to your signature...master troll stroke.

pretty good one, imo. well played, fonzie.  

imo, bitfinex traders are absolutely insane. with this decline, just as the last from $680-$610 area, long swaps are only increasing. still at ATH now, $26 million. i know not all need to be entered in a position, but that is an incredible amount of margin that is holding out for a pump now. could get squeezed.

[JorgeStolfi]

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!!  

Interstingly this caused only a small buzz on Huobi, which is otherwise dormant (03:50 am there).  The price did not change across that blip.  An arbitrage robot, I presume.

[Krabby]

Why is all the action happening at stamp?

[bitcoinsrus]

Why is all the action happening at stamp?

I guess from the stamp rumors in the past few days (has been less than other exchanges)

[fonzie]

troll bs

Hey cuntface!  

Please don't insult women's genitalia by using them to refer to this loser.

+1

+2   

Personal insults are NOT ok but in my experience a common way to express for delusional bulls who are realising that the market is about to crash! JayJuanGee, i´m NOT really pleased with your behavior.

[JayJuanGee]

33k volume on Bitstamp. Orders filled fast

Yeah, any reason for price falling like a rock again? Huobi, too 

People probably saw this: http://www.reddit.com/r/Bitcoin/comments/281ftd/why_i_just_sold_50_of_my_bitcoins_ghashio/

And now the herd is following.

TL;DR dude sells coins because of some FUD he believed in.

Peter Todd is a Bitcoin core developer. FUD = Facts U Dislike.

Peter Todd is NOT a Bitcoin core developer.

https://bitcoin.org/en/development

Facts U Dislike

Indeed, sorry about that. Just a regular Bitcoin developer, only gmaxwell is core.

NOT that I like to repeat any kind of baloney and misleading slogan, such as "Facts U Dislike;" however, on the substance of the topic, Peter Todd does appear to have a fairly high number of contributions (31), so PT is NO small potato. 

Nonetheless, it does seem a bit irritating that Peter Todd would be coming out publicly with some kind of seemingly disgruntled statements that have the potential of causing FUD within the generally accepted meaning of the term (FUD = Fear, Uncertainty and Doubt). 

The irony of the situation is comparable to a moderator on this forum  misusing the term FUD.. to cause FUD about the meaning of FUD.       

[ChartBuddy]

Explanation

[fonzie]

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!!  

Interstingly this caused only a small buzz on Huobi, which is otherwise dormant (03:50 am there).  The price did not change across that blip.  An arbitrage robot, I presume.

[Fact]It could be chinese coins that are getting sold on Stamp. Chinese market is probably 90% fake trades and fake bid depth/phantom orders, and the only reason it still exists is to prevent the western ones from crashing and holding the price high as long as it takes for the chinese to cash out. [/Fact]

[Gimmelfarb]

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!!  

Interstingly this caused only a small buzz on Huobi, which is otherwise dormant (03:50 am there).  The price did not change across that blip.  An arbitrage robot, I presume.

[Fact]It could be chinese coins that are getting sold on Stamp. Chinese market is probably 90% fake trades and fake bid depth/phantom orders, and the only reason it still exists is to prevent the western ones from crashing and holding the price high as long as it takes for the chinese to cash out. [/Fact]

why would Chinese coins be sold on Stamp, rather than on Chinese exchanges, or Bitfinex? it does seem like the selling is concentrated at stamp -- Huobi and Bitfinex are staying well above it.

[adamstgBit]

we are getting Stamped!

[JayJuanGee]

For such a senior member here Adam you don't seem to understand trustless, distributed consensus very well. More of a cheerleader it seems.

YEAH Adam.. you are a cheerleader!!!!!                











GO Adam!!!!!!!!!!!!   GO Adam!!!!!!!

[fonzie]

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!!  

Interstingly this caused only a small buzz on Huobi, which is otherwise dormant (03:50 am there).  The price did not change across that blip.  An arbitrage robot, I presume.

[Fact]It could be chinese coins that are getting sold on Stamp. Chinese market is probably 90% fake trades and fake bid depth/phantom orders, and the only reason it still exists is to prevent the western ones from crashing and holding the price high as long as it takes for the chinese to cash out. [/Fact]

why would Chinese coins be sold on Stamp, rather than on Chinese exchanges, or Bitfinex? it does seem like the selling is concentrated at stamp -- Huobi and Bitfinex are staying well above it.

I have no idea about Finex  . I will ask them Chinese later . Bid depth on Huobi is probably not real, so there´s no way to cash out there. Nearly all bank deposit and withdraw possibilities have been banned weeks ago.
If he would cash out on Finex, he would have to risk triggerin (26 million $) stop loss orders one after another which would lead to lower prices very quick, so i guess Stamp would be the safest way.

[maok]

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!!  

Interstingly this caused only a small buzz on Huobi, which is otherwise dormant (03:50 am there).  The price did not change across that blip.  An arbitrage robot, I presume.

[Fact]It could be chinese coins that are getting sold on Stamp. Chinese market is probably 90% fake trades and fake bid depth/phantom orders, and the only reason it still exists is to prevent the western ones from crashing and holding the price high as long as it takes for the chinese to cash out. [/Fact]

"To have failed in everything, always, out of a love of discouragement." aka Bitcoin 2014  - Emil Cioran

Although you're quoting one of my fellow countrymen I hope you're not one of them.

[ajareselde]

Why is all the action happening at stamp?

im guessing traders love big volume, its hard to mess with low volume - destroys / pumps the price way too fast

[fonzie]

Last conspiracy theory for today: Most of the USD swaps on Finex have been taken by a single entity to hold up the market while the same is cashin out on Stamp. When he´s done, millons of bids will vanish there.

[Gimmelfarb]

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!!  

Interstingly this caused only a small buzz on Huobi, which is otherwise dormant (03:50 am there).  The price did not change across that blip.  An arbitrage robot, I presume.

[Fact]It could be chinese coins that are getting sold on Stamp. Chinese market is probably 90% fake trades and fake bid depth/phantom orders, and the only reason it still exists is to prevent the western ones from crashing and holding the price high as long as it takes for the chinese to cash out. [/Fact]

why would Chinese coins be sold on Stamp, rather than on Chinese exchanges, or Bitfinex? it does seem like the selling is concentrated at stamp -- Huobi and Bitfinex are staying well above it.

I have no idea about Finex  . I will ask them Chinese later . Bid depth on Huobi is probably not real, so there´s no way to cash out there. Nearly all bank deposit and withdraw possibilities have been banned weeks ago.
If he would cash out on Finex, he would have to risk triggerin (26 million $) stop loss orders one after another which would lead to lower prices very quick, so i guess Stamp would be the safest way.

that's partly what bothers me about Bitfinex, and the fact that they now don't seem to route orders through Bitstamp. they don't have nearly enough order book liquidity to sustain the massive amount of margin lent out. (and much of the book will vanish, as they are margin orders propping the market, not orders meant to be filled -- if you watch Bitfinex, there is no denying this)