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

[Equus]

Chart porn..



Even though i just drew some lines on a chart

I just can't stop staring at this one.

[2015Bubble]

Gonna be a lot of blow and hookers this month 

[Fakhoury]

Only for the smart people

[yefi]

Did this with a SEPA transfer on bitquick once. The guy sent me 180 euro. I saw the transfer go through to my account. I released the bitcoins.

2 days later my bank calls me and says the person's account that sent me the money was hacked and that they needed to refund the 180 euro. Nothing I could do at that point.

Yeah, this is why they introduced real name and ID verification at Localbitcoin. Bitsquare doesn't appear to have such protections, or indeed a rep system, but appears to rely on the assumption that hackers won't be bothered for sums of one Bitcoin or less...

[whored]

@Andre#, serious question: Assuming I wanted to trade on that exchange, and assuming (gasp! another leap of faith) that 3.5 BTC belongs to more than one bro, what happens when I buy the whole 3.5 BTC?
Do I need to send a bunch of separate money transfers to all the Anons involved, or do I just wire the whole shebang to arbitrator Anon?

...
Edit: Am I reading that (my) screencap right? There's 5 Euros' worth of BTC on that exchange, and 3.5 BTC if I want to use USD? That's, like, a whole used car. Probably won't get a sticker, but hey, at that price, who got time for statist bullshit like safety inspections, amirite?

[Andre#]

Did this with a SEPA transfer on bitquick once. The guy sent me 180 euro. I saw the transfer go through to my account. I released the bitcoins.

2 days later my bank calls me and says the person's account that sent me the money was hacked and that they needed to refund the 180 euro. Nothing I could do at that point.

Yeah, this is why they introduced real name and ID verification at Localbitcoin. Bitsquare doesn't appear to have such protections, or indeed a rep system, but appears to rely on the assumption that hackers won't be bothered for sums of one Bitcoin or less...

That assumption is wrong. Scammers that sell fake anti-virus assistance usually charge their victims 200-300 euros. Note, IDs don't help in those cases, since the victims happily hand over their IDs to the scammers. You really have to look for the small details to discover that the sender of the money and the receiver of the BTC are not the same person. You can't do that on Bitsquare, as there's no direct communication between buyer and seller. I think that it's biggest weakness, as it may attract that type of scammers in droves.

[whored]

...
That assumption is wrong. Scammers that sell fake anti-virus assistance usually charge their victims 200-300 euros. Note, IDs don't help in those cases, since the victims happily hand over their IDs to the scammers.

And vice versa?! Sometimes I can actually *feel* the infinite number of realities unfolding simultaneously.

[Andre#]

...
That assumption is wrong. Scammers that sell fake anti-virus assistance usually charge their victims 200-300 euros. Note, IDs don't help in those cases, since the victims happily hand over their IDs to the scammers.

And vice versa?! Sometimes I can actually *feel* the infinite number of realities unfolding simultaneously.

Stop dropping acid for a few weeks. The number of realities will feel much smaller after some time.

[doc12]

After weeks of calm finally we´re getting some action again. NICE 

[whored]

...
That assumption is wrong. Scammers that sell fake anti-virus assistance usually charge their victims 200-300 euros. Note, IDs don't help in those cases, since the victims happily hand over their IDs to the scammers.

And vice versa?! Sometimes I can actually *feel* the infinite number of realities unfolding simultaneously.

Stop dropping acid for a few weeks. The number of realities will feel much smaller after some time.

But Andre, it  must  be true!
Because, in my reality, victims and scammers don't exchange IDs, & a weirdass app with 3.5 BTC [lol, sorry, my mistake!] 1.33 BTC on the books is not called an exchange. Obviously, your reality intersects mine only here, on bitcointalk.

But let us get back to the nuts and bolts. You must have missed my question, so I'll repost:

@Andre#, serious question: Assuming I wanted to trade on that exchange, and assuming (gasp! another leap of faith) that 3.5 BTC 1.3 BTC belongs to more than one bro, what happens when I buy the whole 1.3 BTC?
Do I need to send a bunch of separate money transfers to all the Anons involved, or do I just wire the whole shebang (more than 500 whole dollars!!! ) to arbitrator Anon?

[Andre#]

@Andre#, serious question: Assuming I wanted to trade on that exchange, and assuming (gasp! another leap of faith) that 3.5 BTC belongs to more than one bro, what happens when I buy the whole 3.5 BTC?
Do I need to send a bunch of separate money transfers to all the Anons involved, or do I just wire the whole shebang to arbitrator Anon?

...
Edit: Am I reading that (my) screencap right? There's 5 Euros' worth of BTC on that exchange, and 3.5 BTC if I want to use USD? That's, like, a whole used car. Probably won't get a sticker, but hey, at that price, who got time for statist bullshit like safety inspections, amirite?

A serious question, awesome!

For each trade the buyer/seller need to send/receive a separate money transfer to/from the seller/buyer with the reference of the trade ID, while the BTC is in escrow with the arbitrator holding a third key of a 2-of-3 multisig wallet. (BTW, in my screenshot you can see that there's a total of 4.9 BTC of EUR trades, 3.5 BTC of ETH trades, and 1.33 BTC of USD trades -- seems like you mixed it up a bit.) These are divided over 18 different offers that require fiat transfer via SEPA or OKpay.

If I look now, the statistics are like this:
- 7 EUR asks via SEPA (total 2.415 BTC), from AT, EE, PT, NL
- 5 EUR asks via OKpay (total 3.12 BTC)
- 2 EUR bids via SEPA (total 1 BTC), from NL & PT
- 4 EUR bids via OKpay (total 0.351 BTC)

Given the fact that for the SEPA offers alone, money needs to be transferred to four different countries makes it highly unlikely all these bank accounts are controlled by the same person.

[Meuh6879]

RISE, Baby, RISE !

[Meuh6879]

$500 before the 1st of May?

PChhhhh, too easy, little boya ...

[Andre#]

...
That assumption is wrong. Scammers that sell fake anti-virus assistance usually charge their victims 200-300 euros. Note, IDs don't help in those cases, since the victims happily hand over their IDs to the scammers.

And vice versa?! Sometimes I can actually *feel* the infinite number of realities unfolding simultaneously.

Stop dropping acid for a few weeks. The number of realities will feel much smaller after some time.

But Andre, it  must  be true!
Because, in my reality, victims and scammers don't exchange IDs, & a weirdass app with 3.5 BTC [lol, sorry, my mistake!] 1.33 BTC on the books is not called an exchange. Obviously, your reality intersects mine only here, on bitcointalk.

But let us get back to the nuts and bolts. You must have missed my question, so I'll repost:

@Andre#, serious question: Assuming I wanted to trade on that exchange, and assuming (gasp! another leap of faith) that 3.5 BTC 1.3 BTC belongs to more than one bro, what happens when I buy the whole 1.3 BTC?
Do I need to send a bunch of separate money transfers to all the Anons involved, or do I just wire the whole shebang (more than 500 whole dollars!!! ) to arbitrator Anon?

No, victims and scammers don't exchange IDs, it's only the victims who send their IDs to scammers (the opposite doesn't happen). You'll be amazed what people do after talking to them for an hour or more.

Sure, the volume is very low after this betaversion came out only a few days ago. Main thing is, it works, there are no major bugs, and trades are happening. I've done two so far, a third is pending. You tend to forget that all exchanges once started small. IMHO, Bitsquare has potential. You don't have to believe me, you can download and try it yourself: https://bitsquare.io/

[JayJuanGee]

$500 before the 1st of May?

PChhhhh, too easy, little boya ...

According to the insightful predictions of Aztecminer.dummy, we are not going to get prices outside of the $350 to $500 range, because bitcoin is stuck...

hahahahahha...   He's already moved off of that statement a little bit, in preparation for having to change his dumbass and simplified narrative.  If we get any kind of downward correction, surely we are likely to get a few of the "bitcoin doesn't scale" propagandists coming in here in order to attempt to save a little face... with their FUCD spreading efforts.

[whored]

@Andre#, serious question: Assuming I wanted to trade on that exchange, and assuming (gasp! another leap of faith) that 3.5 BTC belongs to more than one bro, what happens when I buy the whole 3.5 BTC?
Do I need to send a bunch of separate money transfers to all the Anons involved, or do I just wire the whole shebang to arbitrator Anon?

...
Edit: Am I reading that (my) screencap right? There's 5 Euros' worth of BTC on that exchange, and 3.5 BTC if I want to use USD? That's, like, a whole used car. Probably won't get a sticker, but hey, at that price, who got time for statist bullshit like safety inspections, amirite?

A serious question, awesome!

For each trade the buyer/seller need to send/receive a separate money transfer to/from the seller/buyer with the reference of the trade ID, while the BTC is in escrow with the arbitrator holding a third key of a 2-of-3 multisig wallet. (BTW, in my screenshot you can see that there's a total of 4.9 BTC of EUR trades, 3.5 BTC of ETH trades, and 1.33 BTC of USD trades -- seems like you mixed it up a bit.) These are divided over 18 different offers that require fiat transfer via SEPA or OKpay.

If I look now, the statistics are like this:
- 7 EUR asks via SEPA (total 2.415 BTC), from AT, EE, PT, NL
- 5 EUR asks via OKpay (total 3.12 BTC)
- 2 EUR bids via SEPA (total 1 BTC), from NL & PT
- 4 EUR bids via OKpay (total 0.351 BTC)

Given the fact that for the SEPA offers alone, money needs to be transferred to four different countries makes it highly unlikely all these bank accounts are controlled by the same person.

I'm in the States, so let's get back to the 1.3 BTC I could actually (what's the appropriate term to use here? CrowdBuy?)
Let's say I wanted to live large, and buy all the BTC I could on this exchange. Without exchanging my decent American dollars for Czech koruna, Botswana pula, or EU Euro, that's a grand total of 1.3 BTC .

Now, lets forget for a moment that I've already made $3 million US by trading on that exchange, and know this stuff like the back of my hand. Let's pretend I'm not the virtuoso p2p trader I know I am, and need this explained.

Looking at MY screencap right here,

https://i.imgur.com/lWsTQaE.png

... it appears there are 6 people behind that 1.3 BTC on offer.
Remind me, do I have to wire money to 6 individuals to buy that 1.3 BTC? Will I then wait for all those people, +the trusted intermediary, to agree that I actually sent the money & it has cleared?

In short (ino, rite?), describe, step by step, things I'd have to do to get my greedy paws on that sweet sweet 1.3 BTC

[Andre#]

@Andre#, serious question: Assuming I wanted to trade on that exchange, and assuming (gasp! another leap of faith) that 3.5 BTC belongs to more than one bro, what happens when I buy the whole 3.5 BTC?
Do I need to send a bunch of separate money transfers to all the Anons involved, or do I just wire the whole shebang to arbitrator Anon?

...
Edit: Am I reading that (my) screencap right? There's 5 Euros' worth of BTC on that exchange, and 3.5 BTC if I want to use USD? That's, like, a whole used car. Probably won't get a sticker, but hey, at that price, who got time for statist bullshit like safety inspections, amirite?

A serious question, awesome!

For each trade the buyer/seller need to send/receive a separate money transfer to/from the seller/buyer with the reference of the trade ID, while the BTC is in escrow with the arbitrator holding a third key of a 2-of-3 multisig wallet. (BTW, in my screenshot you can see that there's a total of 4.9 BTC of EUR trades, 3.5 BTC of ETH trades, and 1.33 BTC of USD trades -- seems like you mixed it up a bit.) These are divided over 18 different offers that require fiat transfer via SEPA or OKpay.

If I look now, the statistics are like this:
- 7 EUR asks via SEPA (total 2.415 BTC), from AT, EE, PT, NL
- 5 EUR asks via OKpay (total 3.12 BTC)
- 2 EUR bids via SEPA (total 1 BTC), from NL & PT
- 4 EUR bids via OKpay (total 0.351 BTC)

Given the fact that for the SEPA offers alone, money needs to be transferred to four different countries makes it highly unlikely all these bank accounts are controlled by the same person.

I'm in the States, so let's get back to the 1.3 BTC I could actually (what's the appropriate term to use here? CrowdBuy?)
Let's say I wanted to live large, and buy all the BTC I could on this exchange. Without exchanging my decent American dollars for Czech koruna, Botswana pula, or EU Euro, that's a grand total of 1.3 BTC .

Now, lets forget for a moment that I've already made $3 million US by trading on that exchange, and know this stuff like the back of my hand. Let's pretend I'm not the virtuoso p2p trader I know I am, and need this explained.

Looking at MY screencap I've previously posted, it appears there are 6 people behind that 1.3 BTC on offer.
Now, remind me, do I have to wire money to 6 individuals to buy that 1.3 BTC? Will I then wait for all those people, +the trusted intermediary, to agree that I actually sent the money & it has cleared?
In short, describe, step by step, things I'd have to do to get my greedy paws on that sweet sweet 1.3 BTC

Firstly, this thing is in beta, it's being tried out for real since a few days. Over and over emphasizing that there's still very little going on is getting lame. Of course there isn't.

If you engage in 6 different trades, you make 6 different money transfers. Apparently, you've never used platforms LocalBitcoins or Paxful. Because that's what Bitsquare is competing with. It does the same, without the centralized platform where you have to keep a wallet for your BTC -- with all the risks that brings.

The procedure is quite similar as for LBC or Paxful. Only, there's no chat between buyer and seller. All the information you need for the payment method is encapsulated in the offer.

[whored]

...
Firstly, this thing is in beta, it's being tried out for real since a few days. Over and over emphasizing that there's still very little going on is getting lame. Of course there isn't.

...
I not only checked the context,  I'm trading on Bitsquare now (two bids, two asks, one trade ongoing). It works like a charm, I'm impressed how mature the software is. No failing in sight, yet.

I must have misunderstood

If you engage in 6 different trades, you make 6 different money transfers. Apparently, you've never used platforms LocalBitcoins or Paxful. Because that's what Bitsquare is competing with. It does the same, without the centralized platform where you have to keep a wallet for your BTC -- with all the risks that brings.

The procedure is quite similar as for LBC or Paxful. Only, there's no chat between buyer and seller. All the information you need for the payment method is encapsulated in the offer.

I mistakenly assumed that this thing resembled an actual exchange, the fancy kind. The sort that *gasp* provides newfangled features like consolidating the sells (not making me work out the logistics with 7 separate individuals & needing all 7 to agree that everything's a go, before I could lay my mitts on that sweet 1.3 BTC).

Do you ever do risk assessments?
Do you understand how miniscule the odds are for 7 shifty d00ds to be not shifty, together, at the same time?

But hey, since everything went swimmingly for you thus far

[adamstgBit]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

[JayJuanGee]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

This one is not controlled by corporations and/or banks... .. hahahahahaha...

Get real!!!