All posts made by var53 in Bitcointalk.org's Wall Observer thread
1.
Post 9556452 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.32h):
395?
really?
Every set of prices on this page are identical
2.
Post 9573166 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.32h):
It took 2-3 hours to reach the bottom in the SR1 bust crash when he got arrested and we are at about 2 hours.
The bounce will happen in the next hour IMHO.
How high do you think it will bounce back, and what do you think will happen after that?
3.
Post 9575281 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.32h):
Heh, sneaky post deleter...
Well...
What just happened, the thread was on 9996 pages, and now it's on 9995 pages?
edit:
It's just shrunk to
9994 9993 pages while I was writing this.
4.
Post 9590718 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
I remember a couple of years ago when if the price moved by a whole dollar it was seen as a big big thing
Proportionality is everything when you're talking about prices in 600+ dollars, a swing of 50 then is a swing of about 30 here.
If bitcoin skyrockets then today's volatility will appear as a flat line on charts a few years in the future. A hundred dollars up or down will be meaningless.
5.
Post 9601523 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
I actually want to see scenario when we go really low and mining becomes really unprofitable. That will be true test of bitcoin imho.
If that happens can we expect 5 hours for each confirmation?
6.
Post 9601646 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
Ouch! If this will be confirmed, the implications could be very bearish.
I cant open it, guess some dns issue.
could I get a digested version from someone?
Same here, could someone tell us what the story is?
7.
Post 9604653 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
One thing is for certain though, the bids are deeper than when we were here a couple of months ago which suggests a more positive perception from most people in regards to the market. Now, we clearly saw it was OKcoin and China that led the price spike last week and now it has fizzled to where we might have expected to be if we had had steady growth from the "bottom". China is now being bearish with this Huobi news and it wouldn't surprise me to see the western exchanges take the lead which theoretically could lead to a much more sustainable rise. OKcoin trading is a joke with no fees and 20X leverage its just a bunch of gamblers trying to out luck each other and should not be somewhere the market looks towards to dictate a market price.
What happened in Huobi? I completely missed it :/
Nothing comfirmed but Jorge posted this earlier.
Not sure what there is in it but would explain the small drop. More than likely some bear FUD.
I'm still not sure what it's about. Tzupy made this post about it, but that's all I know.
...
I cant open it, guess some dns issue.
could I get a digested version from someone?
The point is there could be a police investigation at Huobi, if the story is confirmed:
Today, an employee of Huobi BitVC gave out an article, saying he had to unveil the inside news of Huobi trading platform. Meanwhile, he did hope the management of Huobi can learn something from this event. What’s more, on the one hand, he hopes that No personal remarks will be made; on the other hand, he wishes that Huobi management can admit the things he said, or all the recordings will be announced.
the whole management team of Huobi, including Leon Li and Dujun actually know little about Bitcoin, what they have is the worship of Bitcoin, they only want to make money and make 796, OKCOIN and BTCC went bankrupt or even worse, and never thinking about whether their behaviors is helpful for Bitcoin industry or what they did will damage this industry.
8.
Post 9608130 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
max leveraged short now?
If the wall at $350 on bitstamp gets eaten I would say yes, otherwise I would say no.
9.
Post 9608196 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
max leveraged short now?
If the wall at $350 on bitstamp gets eaten I would say yes, otherwise I would say no.
Since when do perma-bulls borrow money to naked short Bitcoin
This is madness.
I'm not convinced the wall will be eaten. Someone just dumped 665 bitcoins and the price is still at $350.3 while the wall's at $350. I'm not certain how this will play out.
10.
Post 9608551 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
Told you we would go back up.
No, I don't think you have. Check your post history.
I'm afraid you are going insane lately, you're losing sight of reality.
It's well over the 10 mins you said it would take to eat the wall at $350.
I'm not convinced the wall will be eaten. Someone just dumped 665 bitcoins and the price is still at $350.3 while the wall's at $350. I'm not certain how this will play out.
One more small dump. Within 10 mins.
11.
Post 9608764 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
350 is gonna break real soon. From there we'll go to 330 with the next 24 hours.
We are not going back up then?
Told you we would go back up.
12.
Post 9608845 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
Seriously though, what's with the drop, was there some sort of news I missed or something? Last I checked 380-370 seemed to be holding strong as the low
You heard the US is auctioning 50000 more silk road bitcoins in early December right?
13.
Post 9611127 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
Can someone explain this to me: When the price is inching up slowly in what could be a reversal of a downtrend, but probably isn't, and someone drops a 500 bitcoin wall in front of the buyers at OKCoin, is it
- manipulation,
- incredibly stupid,
- a whale mating call,
- some kind of a test of market resolve, or
- the secret best way of selling 500 bitcoins?
It's probably either manipulation, or incredibly stupid. Perhaps the seller knows something we don't, or perhaps he's a retard.
14.
Post 9611275 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
Can someone explain this to me: When the price is inching up slowly in what could be a reversal of a downtrend, but probably isn't, and someone drops a 500 bitcoin wall in front of the buyers at OKCoin, is it
- manipulation,
- incredibly stupid,
- a whale mating call,
- some kind of a test of market resolve, or
- the secret best way of selling 500 bitcoins?
It's probably either manipulation, or incredibly stupid. Perhaps the seller knows something we don't, or perhaps he's a retard.
So, now there is two walls. How does that work?
Could be a trick to push the price up, I suppose.
It beats me. Perhaps someone incredibly clever is playing an incredibly clever trick on the market.
15.
Post 9611378 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
Price movement may be related to the Feds flogging thousands today.Well think its today
Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?
16.
Post 9611867 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
Price movement may be related to the Feds flogging thousands today.Well think its today
Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?
those coins will go above marketprice
The prices paid in the last auction were never released. I doubt the next auction's prices paid will be released either.
17.
Post 9611928 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
Price movement may be related to the Feds flogging thousands today.Well think its today
Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?
those coins will go above marketprice
The prices paid in the last auction were never released. I doubt the next auction's prices paid will be released either.
Yeah, but we all know that a reasonable inference is that the bitcoins sold for well over 10% of the then market price b/c otherwise Draper would NOT have been able to win all 10 blocks. The then BTC market price was around $600, and it is very likely that Draper paid well over $650 for those coins... maybe even closer to $700 per BTC.
It's all guesswork. The only bidder who revealed what he bid offered a price well below market price (and we only have his word that he's telling the truth).
18.
Post 9615595 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.33h):
Are there fully working Bitcoin wallets for Android, iOS and Windows Phone (true trustless wallet with sending capabilities)?
Maybe this is what you want.
https://play.google.com/store/apps/details?id=de.schildbach.wallet
19.
Post 10489923 (copy this link) (by var53) (scraped on 2020-04-04_Sat_13.59h):
i don't want to jinx it...but it is so dead around here these days...are there holidays or what?
Chinese Kwanzaa ("2015 Spring Festival (Lunar Chinese New Year) falls on Feb. 19 and the holiday starts from Feb. 18 to Feb. 25, 2015.")
Bitcoin don't dare move without Chian!
Do their banks shut for extended periods over the holiday?
20.
Post 11525219 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.16h):
Do Gavin and the other devs have to comply with it, or pay for one?
I had a quick read through and found the bit quoted below. Do Gavin and the other devs control, or administer a Virtual Currency?
http://www.dfs.ny.gov/legal/regulations/adoptions/dfsp200t.pdf(q) Virtual Currency Business Activity means the conduct of any one of the following types of activities
involving New York or a New York Resident:
<snip>
(5) controlling, administering, or issuing a Virtual Currency
21.
Post 11603552 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.17h):
Why should it crash, the chart looks like to say it will actually rise ?
That's why.
its being accepted by merchants, this is bearish
there's an increasing amount of TX's on the network, this is bearish
charts seems to be setting up to paint a rocket, this is bearish.
DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!
You bast**d, it's gone down by over a dollar since you posted that. When even a bull turns bearish it's guaranteed to crash the whole market. A few more posts like that and we will be back in double digits. Someone's just put up a massive fake leveraged wall. It might disappear if you start making bullish posts again.
22.
Post 12027195 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.22h):
Thank you for the link, if what he says is true, Karpeles should have been jailed in 2012.
That ex-MtGox employee's story confirms how badly MtGox was run. If it's true all the customer's fiat was put in the same bank account as MtGox's fiat and Mark Karpeles personal fiat. Mark Karpeles was the only person with access to the bank account, and even worse the MtGox Bitcoin wallets. If he had died all the Bitcoins would have been lost.
Also, the company was spending more than it was earning, and Mark Karpeles refused to explain how it could remain solvent to his employees.
we learned that Mark only had one bank account, shared with Mt.Gox's customer deposits.
...
... but when I finally gathered a small group of employees to pressure Mark into answering how we spent more money than we've made, his answer was simply: "My grandmother lives in a castle in switzerland". That was it. That was all, we couldn't get him to explain it. He just ignored the rest of our inquiries. It. was. insane.
...
Yes, my belief was he was using customer deposits to support his lifestyle (many stories there) and that of the company without audit.
23.
Post 12408055 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.26h):
It was quite clear that the short term rally started. We clearly saw a triangle formation in our bitcoin forecast
lol this was a rare moment of TA is working with Bitcoin. remember all the not counted and untold (from you) cases where the dumps ruled the price and TA was not working because in this Bitcoin market too few trading with the rules of TA.
BTW it is so easy to open the mouth AFTER something did happened. the next time I will be much more impressed if you open your moth BEFORE something will happen.
EDIT: so a serious question for you expert? is this the bottom?
Subscribers know that bullbearanalytics.com gives the right bitcoin forecast before things happen. The performance chart shows it.
Wow such bullshit ^
How come that chart shows Bitcoin shooting up from $150 to $1000+ in November 13, but their funds only went up a tiny little bit in November 13? If their strategies are so great then their funds should have increased in value faster than Bitcoin back then. Why did Bitcoin shoot up in value in November 13, but their funds didn't? Anyone holding Bitcoin back then could make money just by sitting back and watching it shoot up in value
24.
Post 12467190 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.26h):
50k BTC of volume on OKC earlier, what happened? Was it a wall that got dumped in to or a wall that got ate up?
OKC has very low fees which encourages high frequency trading by bots. Often its volume doesn't come from walls being demolished or eaten up, it comes from a multitude of small trades slightly above and below a fixed price. OKC has been accused of faking volume, but it claims its volume is due to high frequency trading bots which are under the control of third party traders. It denies those bots are under its control.
Either way the volume there is often due to bots that somehow maintain a fairly stable price. If 50k BTC of volume was dumped on Bitfinex it would crash BTC below $200, and if that much was bought on Bitfinex it would pump the price above $300.
25.
Post 12616567 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.27h):
Seeing all these orderbooks, is there a place where i can see the sum of all important orderbooks?
As you are a hero member I assume you already know about this site.
http://coinmarketcap.com/currencies/bitcoin/#marketsIt lists all the important orderbooks, and you can check their 24 hour volumes and current prices in a selectable range of currencies. What do you mean by the sum of all important orderbooks? Do you mean the combined volume and average price for all important orderbooks? That's available in the top entry of the list here.
http://coinmarketcap.com/There is sometimes a slight lag behind the actual price, and what coinmarketcap shows, but it's fairly accurate for Bitcoin prices.
26.
Post 12777242 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.28h):
Money 20/20 is next week. I think this rise still has a lot left in it.
Are we participating in Money 2020 by any means ?
We certainly are, Bitcoin will take center stage at Money 20/20 this year. There will be Bitcoin presentations running day after day. Cryptocoinsnews gives a timetable for some of the key presentations. Now banks and stock markets are interested in Bitcoin it's become one of the major topics discussed at financial events.
https://www.cryptocoinsnews.com/money2020-las-vegas-oct-25-28-global-payment-financial-event-highlight-bitcoin/
Monday And Tuesday: More On Bitcoin
On Monday morning, Oct. 26, Tony Gallippi of BitPay will demonstrate sophisticated wallet management for enterprises and individuals.
On Tuesday morning, Oct. 27, Eric Larcheveque and Thomas France of Ledger will demonstrate: “Ledger Trustlet: Running Blockchain Technology within Trusted Execution Environments.”
Amos Meiri of COLU.co will demonstrate: “COLU: Blockchain Technology Becomes the Internet of Digital Assets.”
Celso Pitta of BTCJam will demonstrate: “BTCjam: Launch of Global Lending Marketplace Powered by Bitcoin.”
Later on Tuesday, from 5:10 to 6 p.m., a panel discussion will address consumer applications of the block chain. David Bailey of BTC Media will moderate. Panelists will include Joe Gerber of IDEO Futures, Vinny Lingham of Gyft, John McDonnell if Bitnet Technologies, and Stephen Pair of BitPay.
Wednesday Brings More Bitcoin
On Wednesday, Oct. 28, from 10:10 to 11 a.m., a session will address investing in bitcoin: motivations and expectations for corporate and venture investors. Perianne Boring of the Chamber of Digital Commerce will moderate. Panelists will include Dan Morehead of Pantera Capital, Jay Reinemann of BBVA, Matthew Roszak of Tally Capital, and Ryan Selkis of the Digital Currency Group.
From 11:10 to Noon, a session will be held on financial applications of distributed ledger technology. Jeremy Bonney of CoinDesk will moderate. Panelists will include Chris Larsen of Ripple Labs and Adam Ludwin of Chain.com.
27.
Post 12974438 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.33h):
So those traders who sold at $2000 and thought Christmas had come early get screwed. If Gemini had a safety mechanism the error wouldn't have happened, It should compensate the traders who lost out. Bter has a warning box when you place an order with an excessive price. If Bter can do it, Gemini should have done it.
28.
Post 12976090 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.34h):
suddenly i had this bearish feeling come over me and i sold all my bitcoins.
see you all sub 300 suckers!
Sometimes a whale sends a spike upwards to trigger all the stop buys before dumping the market into oblivion. Then all the poor traders who's stop buys were triggered panic dump their Bitcoins for a pittance. On the other hand we might be genuinely heading up. However that spike on stamp soon crashed back down.
edit]
It just hit 326 on stamp, lower than the pre-spike price.
29.
Post 13151300 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.36h):
...
So, I know I don't know much about patents, but it sounds like this would also act as a patent on bitcoin almost? just simply changing the name...?
Sounds like
http://coloredcoins.org/ but proprietary? Not sure exactly what they're hoping to patent (hardware? wallets? protocol? sounds so vague and overbroad, like a patent application for "everything crypto").
Could it be just a legal maneuver, to contest other crypto patents filed at a later date?
I'm confused
Yes because most crypto has been open source up to now. They will no doubt attempt to patent every slight tweek to existing crypto that they can think of, and keep their patents so vague that they can sue anyone who makes a few minor changes to any existing coin. I hope the patent examiners refuse them their patent application.
30.
Post 13236834 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.37h):
Is there any link for the longs/shorts ratios on Huobi and OKcoin?
I found a nice simple one for Bitfinex but I'm finding it harder to get anything good for the Chinese exchanges. OKcoin has a rudimentary chart on its site, but I couldn't find anything for Huobi. The Chinese exchanges are more important than Bitfinex, yet it's harder to get longs/shorts ratios for them.
This is the OKcoin link I found already.
https://www.okcoin.com/future/futureTop.do?type=1&symbol=0
31.
Post 13566397 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.40h):
So, I'm not really all that worried about the hard fork. Seems quite a few people are looking to instill as much panic as possible, and we've just barely dropped to high $300s. It's kind of funny, really.
yes it is not so long ago that "volatility" was a much talked about topic on this thread but the $200-$300 "long" period killed it off. I happen to think manipulators stopped it going down below $200 and so it 'appeared' as though volatility was less. Now that they seem to be happy with a price over $300 they have left bitcoin to ride a lot more and hence when we have a bit of a minor panic like now we will get to a period of 10% or more changes in price in a short time (ie days).. the old normal is back.
It was this time last year there was that giant crash down to $150. People have bills to pay after Christmas and New Year, and they must wait weeks for their monthly pay. The nights are long, and it's the most depressing time of the year. It only seems to need a trigger event to spark a crash in mid-January, and we had two today.
32.
Post 13566874 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.40h):
i think, China's wake up and btc prince down a lot. 300$ -350$
The very early risers could have woken up in China, but the majority are probably having a lie in as it's Saturday and only 7:20 am in Beijing. When they are all fully awake and they've had their breakfast we could see more fireworks. I try not to trade immediately after waking because I make rotten trades before breakfast.
33.
Post 13851354 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.43h):
but.. but technology must go forward for bitcoin to scale to 100GB block size
That was obvious once they gave up trying to make CPUs run faster and started cramming more and more cores into computers. I remember when each year the latest CPU's speed was far faster than the previous year's model. Over the last few years I haven't noticed any dramatically faster CPUs on the market.
34.
Post 14822018 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.50h):
At some point old pubkey coins might be easily hackable.
Whelp, that certainly puts my mind at rest
Seriously tho, isn't our money protected by maths and stuff? Wasn't that factually and scientifically proven and rhythmically guaranteed?
It is a safe assumption that cryptography can be broken (at some future X point) so you just have an arms race where you upgrade your cryptography and move your coins to better cryptographic schemes when vulnerabilities appear - or ever earlier. In any case, preferably,
before you get cracked
It's no different for governments or banks really. You just have to be ahead of the game.
The speed of quantum computer development took the NSA and everyone else by surprise. Nobody thought Bitcoin's cryptography could be broken when Bitcoin was invented. The whole internet depends on that same type of cryptography, and quantum computers could break it.
There's a scramble to develop new quantum computer resistant cryptography now. Bitcoin will have to swap to it sooner or later, at which point a decision will need making about Satoshi's coins if he doesn't claim them by then.
35.
Post 15085776 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.52h):
China is hungry for coins this morning!
Wait until Monday morning when the banks open and all those fiat wire transfers start hitting the exchanges again. China might be hungry for coins, but on Monday it will get more money pumping onto the exchanges to buy them with.
36.
Post 15174014 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.52h):
It's wild... !640$
10.03 billion market cap!
$660 in China
... I know, I see the Huobi moves too ... even if I think China will jump straight to 5000+ because they don't like
"4" ... LOL!
But yeah... on the West side of things it is cheaper! And if their government devalues ... they will all rush to make it 10.000 or 20.000 Yuan!
Most of the movers in the chinese exchanges are non-chinese. They don't give a [expletive deleted] about the number 4.
Suppose the Chinese were reluctant to buy at 4k because they consider 4 unlucky, but now they are reluctant to sell at 4k because they consider it unlucky. If most of them are waiting until at least 5k to sell there will be a second pump. Also, they consider 8 lucky, so they might not sell until it reaches 8k.
37.
Post 15475671 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.54h):
Over 700$ should honey and sweets only. The halving is coming and maybe these calm waters are the natural quite pattern before the storm.
And look I am not seaying it's going to be a bad storm
It's people getting used to the shock of going to $800 so fast. The correction was inevitable and now the price is settling down after all the volatility. After people get used to a stable price between $600 and $700 it will go up above $800.
38.
Post 15505740 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.55h):
That's old news from 5 July. They aren't proposing massive changes, and most of what they propose isn't related to Bitcoin. If they do anything it will take years to put the legislation in place, and the end result would be slightly reducing the withdrawal limits for anonymous unregistered Bitcoin debit cards.
I don't think that news led to this dump, it's just whales buying and dumping massive amounts of Bitcoins to fleece money out of the traders.
39.
Post 15505898 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.55h):
That's old news from 5 July. They aren't proposing massive changes, and most of what they propose isn't related to Bitcoin. If they do anything it will take years to put the legislation in place, and the end result would be slightly reducing the withdrawal limits for anonymous unregistered Bitcoin debit cards.
I don't think that news led to this dump, it's just whales buying and dumping massive amounts of Bitcoins to fleece money out of the traders.
I dunno. They just shut down Coinbase in Germany.
https://bitcointalk.org/index.php?topic=1541987.0Maybe it's just a Coinbase thing tho, because they also just dropped Canada
https://bitcointalk.org/index.php?topic=1542247.msg15504900 That thread suggests coinbase was operating without a license in Germany. Bitstamp has a license passportable into the 28 EU member states, so the Germans can switch to buying from bitstamp.
Bitstamp’s license is passportable into the 28 EU member states providing all European customers with a robust, secure platform for bitcoin trading.
https://www.bitstamp.net/article/bitstamp-first-nationally-licensed-btc-exchange/
40.
Post 15508452 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.55h):
At the halving, bitcoin will be home.
And home is $666 !!!
In the last two weeks there was a double top at $700, and now there is a double bottom at $600+.
The conflicting chart patterns will confuse the traders and keep the price at $666. Bitcoin seems to like being at $666.
41.
Post 15782206 (copy this link) (by var53) (scraped on 2020-04-04_Sat_14.56h):
This is today (hours ago) from Kraken.
What is this?
Top price of both candles were 589.30300€
Does this number means anything or is someone just fucking with my head?
A bug maybe?
I don't know. Weirdest things happen ^^
I have witnessed weird things on the Kraken, like a day or two before the 2015 crash down to $150 on all the other exchanges. On the Kraken somebody briefly dumped the price down to that level two days in advance when the price was far higher elsewhere. The dump was over in seconds, but the buyer got dirt cheap coins. The Kraken has thin markets, but that trade struck me as weird nevertheless.
If we're lucky those Kraken 589.30300€ candles might be an indicator of the price on all the other exchanges in a few days.
