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

[podyx]

This fucking market is killing me mane...

[oda.krell]

what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

if someone failed with his own trading bot why should the exchange bother to bail him out?

bailing out a customer and preventing a customers from losing due unexpected/malicious activity on his account is not the same, now everything else depends on your morals.

Problem is, doing so presents a huge liability to the exchange. "Hey, why did you cut my API access, this bot's behavior was by design."

There are many things wrong with existing exchanges, but not turning off some trader's bot is not one of them, imo.

[falllling]

This fucking market is killing me mane...

should have listened to me to sell at $620 or $5xx

[minerpumpkin]

Phew... going down a bit further. Yeah, I guess we're done for the time being. Let's just throw away our hope and just wait for final capitulation. The bear party has just gone to eleven... :/

[mmitech]

what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

Are there such "lifeguards" in the common stock exchanges?  I would guess that their "terms of service" say that they will not be responsible for client screw-ups, not even to the extent of refunding their fees or blocking them.  If they did help some clients, it would be hard for them to draw the line ("sorry, but your mistake does not qualify for refund because it was not stupid enough").

they do halt account trading for many failed login attempts, they do ban accounts for above frequent API calls, they do ban IPs sometimes for stupid reasons, so why wouldn't they ban an API key for unusual activity ?

[Dalmar]

what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

Are there such "lifeguards" in the common stock exchanges?  I would guess that their "terms of service" say that they will not be responsible for client screw-ups, not even to the extent of refunding their fees or blocking them.  If they did help some clients, it would be hard for them to draw the line ("sorry, but your mistake does not qualify for refund because it was not stupid enough").

The actual stock exchange wouldn't care at all, but the user's broker would most likely notice the odd behavior and call up their client to see what's up.

[tarmi]

what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

Are there such "lifeguards" in the common stock exchanges?  I would guess that their "terms of service" say that they will not be responsible for client screw-ups, not even to the extent of refunding their fees or blocking them.  If they did help some clients, it would be hard for them to draw the line ("sorry, but your mistake does not qualify for refund because it was not stupid enough").

they do halt account trading for many failed login attempts, they do ban accounts for above frequent API calls, they do ban IPs sometimes for stupid reasons, so why wouldn't they ban an API key for unusual activity ?

yes, for security reasons they ban your account.

but incompetence is a whole new level.

[bigdave]

Any bets on how low we will go?

[falllling]

Any bets on how low we will go?

Poll: Will we drop to sub $400 today? Inside info about GABI shorting BTC?
https://bitcointalk.org/index.php?topic=764042.0

[JayJuanGee]

I'm a buyer this morning...small buys on 5 separate occasions.

Feels goooooood!  Tasty!

Even though I keep buying and hodling.. similar to you, I don't feel good about it... I mean overall, I am still confident, but it still makes me nervous to have my whole BTC holdings falling in value like this - even though I am fairly certain it is temporary.. probably less than 6 months, at most.

[JorgeStolfi]

Any bets on how low we will go?

Well, 450$ has been the bottom since April 26, when China stopped "banning" bitcoin...

[ChartBuddy]

Explanation

[Ultros]

We might see a retest of 442 but I doubt we can break that support. Last days of august + week-end + labor's day makes a rather obvious bear-trap.

[JayJuanGee]

i hope you get your cheap coins @ 450 or 430 or 390...problem from down there there is no rush recovery...only enthusiats are still buying...
if people would really believe that gabi has an incredible impact the price would be much higher, or do you think they want to buy AFTER gabi puts in their 200mil?

Exactly, good news has been priced in long time ago. If not then the market acts in a unique and irrational way.

HOW could good news be priced in "long time ago" if the various good news is continuing to develop on an ongoing and seemingly unexpected basis... some of this good news was NOT really expected so it is difficult to fathom how it could be "priced in long time ago"?

[spooderman]

Wow! Hope I make it home in time to buy!

#btc4lyf

[adamstgBit]

Wow! Hope I make it home in time to buy!

#btc4lyf

i think its bouncing back now
run! 

[nrd525]

At this rate Canadians might be able to get <$500 CAD coins.

Lack of fundamentals. Strange btc-e bot war. Why doesn't it stop?  I'm very confused.  

[adamstgBit]

now i wish i didn't throw that last few hundred above 500, oh well.

[JayJuanGee]

One last design added to my store


All sales commission (a lousy 10%) goes towards replacing the coins stolen by Brewster et al.

Bitcoin not to be associated with a murdering c*nt pleasethankyou.

a symbol  of liberation.. depending on perspective.

I'm considering the perspective of all the innocent people he murdered. Not a liberating experience, I'm lead to believe.

He and a lot of his supporters were murdered too, and that is the nature of the activities of revolutionaries attempting to affect change.  I am just sticking to basic definitions, and NOT really getting into the substance regarding which ideology was right... but Che Guevarra is a symbol of the people b/c he was NOT funded by big money or status quo institutions and he was acting alike a modern day robin hood to attempt to rob from the rich and to give to the poor ... whether his ultimate ideologies were correct or not, his support was generally coming from broad masses of regular people rather than rich people or institutions.

The ideas and values of people are diverse, and if you truely believe in volunteerism and allowing for the will of the people, then you should also consider allowing people to choose various symbols of their liberation, including symbols and ideas that do NOT suit your personal preferences.

I certainly do NOT know the solution, but I strive towards tolerance in this regard and strive towards appreciating what the people want on a broad level, even when I personally believe they are wrong...

[JayJuanGee]

Wow we're back down further again. This train is severely delayed

Times like this makes me wish I didn't drop out of clown college.

you sound a bit  like a clown