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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26403655 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
fonzie
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June 13, 2014, 08:25:26 PM





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

Mă bucur să te cunosc  Smiley
maok
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June 13, 2014, 08:27:58 PM





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

Mă bucur să te cunosc  Smiley
oh.. one can only hope.  Undecided
JorgeStolfi
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June 13, 2014, 08:34:57 PM

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.
I know your manifest purpose is only to provide intentionally excitatory input to the thread in order to overcome the inculcated inhibitions and natural laziness of its readers and liven up the multilateral dialogue with their cathartic responses.  But, just for the record:

* The Huobi order books shown on most charts may be truncated, so one cannot get the real bid depth from them.  On the other hand, I agree that many of the walls that are put up and then removed appear to be fake.

* AFAIK, while bank deposits were closed, deposit through "recharge cards" and withdrawals through bank transfers are still possible. (At least, they are still shown on Huobi's homepage.  Things may have changed in the last few days. Perhaps that last Caixin article had something to do with it?)
TheJuice
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June 13, 2014, 08:42:08 PM

500 BTC MARKET SELL!!!!!!!!!!!!!!!!!!  Kiss Tongue Smiley
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 Cheesy. 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)


Can you expand on this a bit? I'm loaning out swap...
Raystonn
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June 13, 2014, 08:47:41 PM

At some point, if the current devs do not step up and resolve the issues important to the stability of Bitcoin, and the public perception thereof, they will find themselves out of a job.  Bitcoin only follows their actions so long as a consensus wishes to do so.  If more competent caretakers come through, we will shift to them.
They are going to be out of a job shortly after btcd finishes getblocktemplate and bloom filter support.

The "Core Developers" won't be able to filibuster any more.

thanks for the introduction, this is awsom, will BTCd be open, and do you know how further development will happen?
do you know if a client like Armory will work with BTCd?



Ok, getblocktemplate is awesome.  This gives miners knowledge of the transactions they are mining.  That means mining apps can check if they are mining a double-spend, and immediately drop that block.  To continue mining it would be a waste of money, as they'd get no reward from mining a double-spend fork.  So now miners will have a financial incentive to block double-spends.  So, in effect, once the old getwork function is completely removed, and mining apps check for and drop double-spend transactions, we have our solution.  Pools will no longer be a threat when they exceed 50%.  A single person/group owning more than 50% of the hashrate could still be a problem, as they could choose to disable the double-spend checking on their own hardware.  But this should fix the hashrate coming from hardware distributed around the planet.
phosphorush
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June 13, 2014, 08:51:35 PM

GHASh.IO at 50% again - Sell Sell!
Krabby
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June 13, 2014, 08:56:19 PM

GHASh.IO at 50% again - Sell Sell!

nah, i'm k
madmat
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June 13, 2014, 08:57:11 PM

GHASh.IO at 50% again - Sell Sell!

Ghash.io is at 45℅ now. Stop your fud.

https://blockchain.info/fr/pools
phosphorush
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June 13, 2014, 08:59:38 PM

GHASh.IO at 50% again - Sell Sell!

Ghash.io is at 45℅ now. Stop your fud.

https://blockchain.info/fr/pools

https://blockchain.info/pools?timespan=24hrs 50%
ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


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June 13, 2014, 09:05:10 PM


Explanation
Tzupy
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June 13, 2014, 09:05:13 PM

Short term, 1h 30 min and 15 min MACD point to recovery to 600$.
TsuyokuNaritai
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June 13, 2014, 09:07:16 PM


https://www.youtube.com/watch?v=bTPQKyAq-DM#t=2942
Timmmaahh
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June 13, 2014, 09:08:30 PM

ghash droped his networkrate from 44 PH/s to 34 PH/s Cheesy
phosphorush
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June 13, 2014, 09:17:24 PM


Thanks, tesseract is cool btw Cheesy
JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"


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June 13, 2014, 09:22:37 PM

BTC is less fun after I finished buying.  Before, I would hope for low prices to get more coins but cheer when my old coins gained value.  Now, I just wince when prices drop.  I wish I was stupid enough to put the last of my fiat in; alas, I am not.

I had better go earn some fiat.

I believe that quite a few of us have realized that it is good to hang on to extra fiat to be able to buy more BTC on the downswings in order to bring down our average BTC price.  Otherwise, the situation, as you seem to be experiencing, may be more stressful on the BTC price downswings.
JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"


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June 13, 2014, 09:29:47 PM


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.

Hehehehehehe.... I must be on to something, I got an endorsement from a TROLL....  Cheesy Grin Wink Smiley
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June 13, 2014, 09:41:23 PM

BREAKING NEWS!

http://www.coindesk.com/bitfury-pulls-power-ghash-community-uproar/
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June 13, 2014, 09:43:45 PM

Why the HELL someone with Petahash needs pool at all? They should have been mining solo since start.
seljo
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June 13, 2014, 09:46:46 PM

Nice move but I got my new signature...




tarmi
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June 13, 2014, 09:47:59 PM

that's not really news.

but I welcome it, cause I have more asks in 605 region.

BUY BUY BUY
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