Please add alarms so i never have to use wisdom again
Tips will rain!
I second this. I still have to have wisdom open for the alarms too. Also, I think the orderbook depth chart would be more useful if it was flipped horizontally and sync'd with the price axis like wisdom. It is really helpful to visually see where the walls are.
But no... don't even so much as breathe the word 'manipulation' on these sub, lest you get completely ridiculed and called a tinfoil hat wearer. Even though the whales' intentions are so obvious an 8-year old could figure it out with the data.
I'm of the opinion that a large buyer is purchasing off exchange blocks and dumping on exchanges to build a massive and cheap stash. Nothing else makes much sense. Sure people panic but many of the sales come when you would least expect someone to panic
This guy already has a massive stash. This behaviour is not of someone selling to buy back cheap. It just isn't.
It's not buying back. It's setting his price on exchanges so he can buy off-exchange.
Miners / bitpay, ect use exchange prices to sell blocks. Drive down the exchange price and you get a lot more btc for your money
You would think that the miners could figure out a way to manipulate the price upwards then, for their own benefit? Perhaps seriously slowing down mining when the price is this low or using some cash reserves to pump up price to sell higher?
This idea that miners are selling off exchange baffles me a bit. Maybe there is something that I don't understand, but aren't miners just shooting themselves in the foot by selling off exchange. Wouldn't they just be giving someone else the power to suppress the price while at the same time losing any buying pressure on the price. If this turns out to be big miners trying to squeeze out inefficient miners, then I can see this taking a very long time to play out.
try to sell 10 k + coins on bitstamp and watch what will happen with the price.
True. I guess it is a question of slippage, but if those are mined coins then they are being used to suppress price anyways. I guess it works out for the miners as long as the sellers don't overdo it.
But no... don't even so much as breathe the word 'manipulation' on these sub, lest you get completely ridiculed and called a tinfoil hat wearer. Even though the whales' intentions are so obvious an 8-year old could figure it out with the data.
I'm of the opinion that a large buyer is purchasing off exchange blocks and dumping on exchanges to build a massive and cheap stash. Nothing else makes much sense. Sure people panic but many of the sales come when you would least expect someone to panic
This guy already has a massive stash. This behaviour is not of someone selling to buy back cheap. It just isn't.
It's not buying back. It's setting his price on exchanges so he can buy off-exchange.
Miners / bitpay, ect use exchange prices to sell blocks. Drive down the exchange price and you get a lot more btc for your money
You would think that the miners could figure out a way to manipulate the price upwards then, for their own benefit? Perhaps seriously slowing down mining when the price is this low or using some cash reserves to pump up price to sell higher?
This idea that miners are selling off exchange baffles me a bit. Maybe there is something that I don't understand, but aren't miners just shooting themselves in the foot by selling off exchange. Wouldn't they just be giving someone else the power to suppress the price while at the same time losing any buying pressure on the price. If this turns out to be big miners trying to squeeze out inefficient miners, then I can see this taking a very long time to play out.
LOL, superimposed on the video stream: APPLE WATCH: TELL YOU THE ACTUAL TIME! A WATCH THAT YOU WEAR ON YOUR WRIST!!
Unfortunately, it requires an iPhone in your pocket also.
So... What is the point of the watch? Didn't people stop wearing watches because they got phones?
No. But I would not wear some Apple watch that required nightly charging.
it seems very confusing market - wise. Yes, Iwatch is new and some people are going to get them, but they just introduced a bigger screen on the iphone. People want bigger screens on phones but smaller screens to wear? I don't get it. I'll be happy to read the reviews, especially for book reading and gaming - both of which I use my phone for. I can't imagine reading a book on a watch, but maybe I'm wrong.
I just want something that doesn't crack when I try to run with it in my pocket.
I've been messing around with BitVC a little, but I can't seem to get market buy to work. It always says amount too small. I've tried both 0.01 BTC and 0.1 BTC. It's a little odd, since market sell works fine for both those amounts.
I had this, too....but it isn't real a prblem, as you can limit buy into the sellorders.
True. I'm sure they will fix it by the time they are out of beta.
Post
Topic
BoardService Announcements
Re: BitVc - A New Trading Platform From Huobi
by
smiley123
on 24/08/2014, 15:45:32 UTC
I've been messing around with BitVC a little, but I can't seem to get market buy to work. It always says amount too small. I've tried both 0.01 BTC and 0.1 BTC. It's a little odd, since market sell works fine for both those amounts.
Post
Topic
BoardService Announcements
Re: BitVc - A New Trading Platform From Huobi
by
smiley123
on 29/07/2014, 02:38:18 UTC
Does anyone know if there is going to be API available. I didn't see any info on the website about it.
As an Aussie, I have to say, all these retailers offering BTC payment are completely missing the point. Why would an American pay with BTC? A credit card is surely much much easier. It's us foreigners that need it, we get screwed by the currency conversion. At the moment the only person paying with BTC is someone that already had them, probably purchased much much cheaper, and is in effect cashing out. Nobody in their right mind would buy BTC just to purchase something online, the hassle and time involved is still ridiculous. But for something like a laptop, where currency conversion is usually around 3 -5 % of price, it could make a $100 dollar difference to everyone overseas, which would definitely drive adoption.
Dell, Overstock et al, get your shit together!!
Yup...if you don't have Bitcoin using fiat is easier and cheaper.
Imagine what the internet would be like without identity theft. Feeding that dream is enough to motivate me to use BTC.
9 to 11 a.m. (GMT) CEX.IO will be down for scheduled maintenance due to introduction of fiat beta-testing.
Another exchange in the works it looks like. I've always suspected that miners should diversify a bit and become exchanges also. This might help hedge against the mining profitability issue.
Interesting idea. If miners mined directly into customers wallet, that would be extremely hard to trace.
Haven't thought of it that way actually. I was thinking more in terms of supplementing liquidity for their order books and maybe selling less coins off exchange.
9 to 11 a.m. (GMT) CEX.IO will be down for scheduled maintenance due to introduction of fiat beta-testing.
Another exchange in the works it looks like. I've always suspected that miners should diversify a bit and become exchanges also. This might help hedge against the mining profitability issue.
You borrow USD to buy coins. You borrow coins to buy USD (this is shorting BTC).
Or you can borrow all available USD and not buy coins, just to deny these funds to real longs. Then you can borrow all available coins and short, pushing the market down. This would show as the market dropping due to a lack of buying, which is what TERA has been pointing at for a while now.
To make things even more complex, anything you put in your trading wallet can be used to borrow against at BFX, weather is it USD, BTC, or LTC. For example, you could have LTC in your trading wallet and borrow the USD value of that LTC to go long on BTC.
If you look at the Chart Blitz posted, it doesn't appear that the borrowed $ (on balance) has been used to purchase BTC otherwise the price would have moved up as margin increased. Right?
Good question. Not sure I can answer that. One thing to keep in mind also is that no money actually changes hands until the position is closed. You are just holding a contact (CFD=contract for difference) and paying interest on it.
You borrow USD to buy coins. You borrow coins to buy USD (this is shorting BTC).
Or you can borrow all available USD and not buy coins, just to deny these funds to real longs. Then you can borrow all available coins and short, pushing the market down. This would show as the market dropping due to a lack of buying, which is what TERA has been pointing at for a while now.
To make things even more complex, anything you put in your trading wallet can be used to borrow against at BFX, weather is it USD, BTC, or LTC. For example, you could have LTC in your trading wallet and borrow the USD value of that LTC to go long on BTC.
I do not think a 51% attack would mean the end. The pool would have to have a malicious intent. The people in the pool, probably would switch over to another pool (or the smaller pools could form together).
The 51% attack could only affect future blocks and not past blocks so, people could just stop using btc or blockchain could shut down until issue is resolved.
New modifications can prevent future attacks. I just do not see it as a serious threat. Does anyone agree with me on here (or am I missing something?)
I meant a 51% attack by a government.
From what I've read, it seems that a 51% attack can be detected pretty easily and dealt with when it happens, even without modifications to bitcoin to prevent it. What I haven't seen is what exactly is the procedure to deal with it when it happens. I think it is this uncertainty that has become an endless source of fear and doubt, because just having faith in the mining pools to act appropriately is not enough.
I heard that there has been a lot of crackdown on the mafia in recent years, but because of it's highly distributed nature it will likely prove impossible to stamp out completely.
Hmm tell that to the people of Naples - the mafia are still in charge there, the pile of rubbish is one of many physical manifestations easy enough to see- talking of which careful where your mozzarella comes from.
Though you may be right there has been a crackdown- the Italians are on the brink, the mafia have more money and a closer network ... than the Italian government..... I think you are also right that is will be impossible to stamp out completely or even meaningfully for quite some time.
I totally agree. Naples is really bad, apparently waste management is big business in Italy. I haven't been to Italy very often so I'm not the best source of information, but there is an eye opening movie made from a book that kind of sums it up called "Gomorrah".
More news from Italy. This is basically an a nice primer on all that is bitcoin. It came out on the 20'th of June after the hearings from the House of Representatives in Italy. It sounds like they will be installing a Robocoin ATM in Rome by the end of June. One thing I do remember from their hearings is that one of the speakers said that they missed out on the early adoption of the internet, and they don't want to repeat that mistake with bitcoin. This is a good start I guess.
One thing to note here is that there is yet another event that converges on the 26'th. It sounds like Robocoin will be making a presentation and there will be discussion on how to regulate their ATM's.
Splendid stuff. . . the tsunami is building, and at a fair old rate.
Only fools try to stand in the way of a tsunami.
Lets get the italian maffia in bitcoin Much better than those suitcases of filthy FIAT.
For the moment - methinks they would prefer the suitcases of Fiat - easy to play games with, plus they are not fans of change not unless they control it.
Ya, it will be interesting to see how the mafia will influence all of this.
Probably the same way they influenced e-mail adoption.... not a whole lot, but then I guess maybe some money laundering but they would probably use a different crypto than BTC- one of the 'darker' coins, maybe some fraud and extortion scams, some general racketeering, and possible even BTC loan sharks- or protection money " Where is this months BTC ? transfer the fukin' crypto paisan or maybe in the future you don't walk so good capish? y'fukin Jabroni " so basically business as usual.
If anything once they get their heads around it they will be no doubt exercising their control and influence over the local politicians to enable them to get away with blue bloody murder, then in Italy where do the banks, and politicians and police and mafia begin and end ? they see to all role into one non?
Ha - I am just foolin' but yes I guess it will be interesting to see how organized crime comes into play.
EDIT - actually I am struggling to think of a place anywhere now where the banks, and politicians/government and police and mafia/ organised crime do not at some point roll into one.. think it is just more obvious in Italy than many other places.
I heard that there has been a lot of crackdown on the mafia in recent years, but because of it's highly distributed nature it will likely prove impossible to stamp out completely.
More news from Italy. This is basically an a nice primer on all that is bitcoin. It came out on the 20'th of June after the hearings from the House of Representatives in Italy. It sounds like they will be installing a Robocoin ATM in Rome by the end of June. One thing I do remember from their hearings is that one of the speakers said that they missed out on the early adoption of the internet, and they don't want to repeat that mistake with bitcoin. This is a good start I guess.
One thing to note here is that there is yet another event that converges on the 26'th. It sounds like Robocoin will be making a presentation and there will be discussion on how to regulate their ATM's.
Splendid stuff. . . the tsunami is building, and at a fair old rate.
Only fools try to stand in the way of a tsunami.
Lets get the italian maffia in bitcoin Much better than those suitcases of filthy FIAT.
For the moment - methinks they would prefer the suitcases of Fiat - easy to play games with, plus they are not fans of change not unless they control it.
Ya, it will be interesting to see how the mafia will influence all of this.