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

[grappa_barricata]

whats up with okcoin? trading stopped over there...

I'll say they have a bit of downtime because they are about to introduce futures right now.

[adamstgBit]

whats up with okcoin? trading stopped over there...

I'll say they have a bit of downtime because they are about to introduce futures right now.

joke?

[johnwest]

whats up with okcoin? trading stopped over there...

I'll say they have a bit of downtime because they are about to introduce futures right now.

lol, downtime because they are introducing future, are you kidding right.

[JayJuanGee]

I, too, wish that Coinbase would figure out better planning in order that they do NOT run out of coins...

If the price is falling fast, it would be stupid for them to buy lots of BTC beforehand just to be able to sell to people with no delay over the next few days.  The loss could easily wipe out all that they make from fees, and more.  Better leave the clients waiting. 

I believe that is Coinbase's current business decision, in order to NOT be over exposed to downside volatility - however, it may be possible for CB to figure out ways to automatically buy the needed coins on the exchange, at the same time that the customer buys the coin, in circumstances in which they run out of coins.  I don't know the exact solution, but I do agree with you that their business decision is to not over expose themselves to downward BTC price volatility.

The problem I'm having with Coinbase is now they want to control volatility on both sides of the equation: during sharp downturns and sharp upturns.  So this means that they will quickly and mysteriously "run out of coins" during the next bubble as well, which will neuter how high it can go by excluding their customers' influence on the market.  This is not allowing the free market play out appropriately, it is trying to control the market, and that is what worries me about Coinbase.

You are reading wwwwaaaaayyy to much into the situation regarding their control or attempt to control the market.  Their business model is based on transacting coins, and their price between buy and sell is fairly low. Sometimes the price does NOT update quickly enough and sometimes the price gap is bigger on purpose (I think that their software does that to protect themselves from volatility). 

Don't get me wrong, I have outright accused them of manipulation in writing, and they responded to me and I did NOT buy completely their explanation.  NONETHELESS, they are NOT involved in manipulation at any level near what you are implying and what others have also implied.   The facts just do NOT add up to that. 

[adamstgBit]

493. INTENSE!

[derpinheimer]

Well, turns out the mega bidwalls and askwalls on BFX are the same person.

They have shown at least $6m in USD bids, and 11,000 in BTC asks.

What is their goal? Who knows.. (They dont appear to be trying to push the market in either direction with walls, but if they are, they're trying to push it up.)

[INSTANTpr]

whats up with okcoin? trading stopped over there...

I'll say they have a bit of downtime because they are about to introduce futures right now.

joke?

ya fool: didn't you hear the conference call? ~ /\BTCitcoins' CEO layed out all the finer details!        1o1

[grappa_barricata]

whats up with okcoin? trading stopped over there...

I'll say they have a bit of downtime because they are about to introduce futures right now.

joke?

No man  , i read that on their site www.okcoin.com/t-40.html


Edit: In case someone don't know what futures are: http://en.wikipedia.org/wiki/Futures_contract

[johnwest]

493. INTENSE!

Don't know but I am feeling more comfortable now then before.
I am thinking soon we will touch ove 500 marks and next resistance will be around 540.
Last time 540 support was very huge, we recover from there 3-4 times and very quickly.

[Richy_T]

A mortgage? Man, I don't know. I think it is the worst way you can lock yourself into a life-time of debt, and for what? A house and a car? I have bigger plan. I want to live in 5 star hotels around the world drinking grappa barricata all day long. Or die trying. 

Or you can have a plan and pay it off in 7 years and live rent-free.

[JayJuanGee]

The problem I'm having with Coinbase is now they want to control volatility on both sides of the equation: during sharp downturns and sharp upturns.  So this means that they will quickly and mysteriously "run out of coins" during the next bubble as well.

Indeed, if the price is rising fast, they will be faced with an "unsurmountable opportunity": hold on to their coin reserve as long as they can, by telling customers that they ran out of coins.

In general, a middleman in any trade will take some of the profit for himself, as much as he can.

HELLO!!!!   At one minute, you seem to be defending Coinbase's business practices as ordinary and regular, and then you put these little digs of corruption to suggest that all businesses have corruption.. WTF?

Businesses are composed of individuals, and some individuals are corrupt, but NOT everyone is corrupt.  GET a grip!!   

[Richy_T]

I understand your point (of both), but this is exactly why the interest rates are so low! Don't eat from the hands of these clowns. Don't buy properties, because they are empty and for sale cheap for a reason: there are too many houses! And there are too many dollars around! Of course this is just my opinion, and the discussion has been pleasant for me. Thank!

You're not completely wrong but right now, a lot of those properties are standing empty because their former owners got mortgages they couldn't afford. And there are a lot of people in that group. And they all need a place to live. And they are looking to rent.

It's not a bad time to be a landlord.

[jeezy]

493. INTENSE!

Doesn't mean shit. It's basically free fall till 487. Not much resistance till 450-460 either on stamp. Let's see what the rest of the week brings!

[Junkbarman]

A mortgage? Man, I don't know. I think it is the worst way you can lock yourself into a life-time of debt, and for what? A house and a car? I have bigger plan. I want to live in 5 star hotels around the world drinking grappa barricata all day long. Or die trying. 

Or you can have a plan and pay it off in 7 years and live rent-free.

Shhh. Don't tell people that, they think you're crazy. Wait, and lose my tax right off!?!

[derpinheimer]

493. INTENSE!

Doesn't mean shit. It's basically free fall till 487. Not much resistance till 450-460 either on stamp. Let's see what the rest of the week brings!

Not really. The bids arent nearly as shallow as normal, following a low volume rise.

[barbs]

Is this where they sell panic buyers all the coins lapped up from 445+? Beautiful

[INSTANTpr]

blackcoin flying ...bitcoin flying!!! hmmmm 

[hyphymikey]

The next 24 hours are critical^TM

[JayJuanGee]

Huge 462.9 hidden bid at Finex. Hundreds of coins bought so far.

Hundreds of coins dumped so far...

There will be big dumps along the way if bitcoin goes down to $440 and less, Winklevoss twins and Tim Draper could panic sell.

I would think that Draper and Winklevii aren't worried about their next meal or their retirement. No need to panic. They, along with GABI, are actually watching all this with some glee. Doesn't hurt any of them and might actually help.

Vuduchyld - Even though you are suggesting that neither Draper nor Winklevii are manipulating, you are also stating that they ARE profiting from whatever price lowering and/or manipulating that IS occurring.... In other words, you are implying support for the conspiracy theory which suggests that they have an insider's incentive to manipulate and to make EVEN more money.

ftfy   hope I did it right 

I have NO problem with the changes and/or emphasis added...   THX!!!!

[INSTANTpr]

****BTC ***= PHOTOSHOP BOUNTY =*****                      weeeeeeeeeeeeeeeeeeeeee

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