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

[zyk]

Jorge:
http://www.coindesk.com/huobi-ceo-addresses-fake-trading-volume-rumours/

'When I asked him to estimate how much the lack of fees might distort the trading volume, he said that he could easily see a “5-times increase” in trades because high-frequency traders can make profits off of much narrower spreads.

Instead of just volume, Li believes that customers should evaluate exchanges based on their liquidity, depth, and the size of the company. At least these are the metrics that he is measuring Huobi against competitors'

Huaobi has no support...crashing to 1400 Yuan tonight......and the dreamers in here want to go all in....hilarious

[aminorex]

Nobody posts TA on this forum anymore. 

I thought I just did:

...

If you could rip it to shreds, that would help get the thread on-task.

[Richy_T]

why do you think, while most people don't want to live in a dog eat dog world, that we will have one in a free society?

naivete at its finest. why did we develop a code of laws to begin with, because everyone is an angel?

OTOH, if it was a dog-eat-dog world, it would not have been possible to develop a code of laws.

Laws are (or should be) about taking care of the outliers, people who can't act within reasonable civil behavior. Most people should not have any interaction with the law on a daily basis (of course, we've moved a long way from that).

[Richy_T]

You have a tendency to remove relevant context from my quotes...

It is called "trimming followups" and is considered good manners, particularly when quoting someone who tends to ramble without making a point.

I was more addressing your claim that government was required to develop infrastructure than to my examples being fantasy-land (they were supposed to be somewhat "out there" examples but they are by no means impossible). And I by no means asserted that they *would* be in place.

[Walsoraj]

Jorge:
http://www.coindesk.com/huobi-ceo-addresses-fake-trading-volume-rumours/

'When I asked him to estimate how much the lack of fees might distort the trading volume, he said that he could easily see a “5-times increase” in trades because high-frequency traders can make profits off of much narrower spreads.

Instead of just volume, Li believes that customers should evaluate exchanges based on their liquidity, depth, and the size of the company. At least these are the metrics that he is measuring Huobi against competitors'

How is Huobi making money? The article states:

Basically, Li thinks that a platform will need to make its revenues from value-added services rather than trading, which he sees as a basic service and a commodity that should be free for consumers.

What services are they selling? Let me guess, premium memberships that include a pause button to execute your trades before non-premium members?

[cdooer]

You have a tendency to remove relevant context from my quotes...

It is called "trimming followups" and is considered good manners, particularly when quoting someone who tends to ramble without making a point.

Its a shame this forum doesn't have an off topic section.   

[podyx]

Yes, I deliver cannolis (while fucking), and this helped me understand, how companies are gaining big in financial efficiency by adopting bitcoin, and how it isn't all about marketing, free press coverage and getting new loyal customers who are loyal to bitcoin. If I were an financial expert, like a lot of the people here (definitely you), then I would also understand how Bitcoin will soon be the world currency, because it has a very solid history, great price stability, and an extremely smooth rate for new coin supply.

its no offense but sometimes im really curious, based on what u sometimes write, if u know what bitcoin is AT ALL

its still in its beta and even people like me find some use in this currency, of course it's still volatile(which is hype yes) which turn people off but it's expected that a thing like this is volatile

in the future I have a vision of invisible money with any functions imaginable related to money very easily accessable but still safe

most people think about international transfer and alike when a world wide cryptocurrency is mentioned but one area where i think bitcoin really can excel in is in online gaming. its something that is very big these days and is just growing bigger and bigger

when I grew up(still growing though )i always wanted to make it big in counter strike(was pretty good) and make a living off gaming but it's hard to get a good team together and tough competition. however I missed the possibility to play against other teams or 1on1 for money

www.betlol.net is a little bitcoin site for league of legends, 1on1. we'll see how that plays out

btw my shift key is broken

[Richy_T]

You seem to be suggesting that government impedes innovations...

OK, real world example: Government mandates catalytic convertors. Auto manufacturers develop lean-burn engines that have pollutant output similar or better than that provided by catalytic converters and are more efficient to boot. Lean-burn engines are not compatible with catalytic converters so are shelved. There are many of this kind of thing if you keep your ears open but I'm not going to sit here and read a list to you.

Edit: Enough of this here anyway. Wrong thread.

[JayJuanGee]

It......

OH... that makes sense.      

[Bronstad]

Its a shame this forum doesn't have an off topic section.   

I'm pretty sure that is what this thread is for 

[Richy_T]

With GOLD you have at least something in your hands, no matter if it is really worth the price or not. Bitcoins are just bits, only virtual, nothing manifested. You cant hold it in your hands like money (yeah its only paper), gold, ice cream or whatever. I think most people, including me, have problems with this.

Worse. Bitcoins are not even bits. There are no bitcoins, only the transfer of bitcoins.

If you have problems with this though, the door is over thataway.

[JorgeStolfi]

Jorge:
http://www.coindesk.com/huobi-ceo-addresses-fake-trading-volume-rumours/

Thanks!

[podyx]

With GOLD you have at least something in your hands, no matter if it is really worth the price or not. Bitcoins are just bits, only virtual, nothing manifested. You cant hold it in your hands like money (yeah its only paper), gold, ice cream or whatever. I think most people, including me, have problems with this.

Worse. Bitcoins are not even bits. There are no bitcoins, only the transfer of bitcoins.

If you have problems with this though, the door is over thataway.

there is usb that u can store bitcoin on and also paper wallets

[aminorex]

better yet, store your bitcoins on gold.  etch keys on the back of an ingot, and paint over with a dab of latex paint.

[ChartBuddy]

Explanation

[podyx]

better yet, store your bitcoins on gold.  etch keys on the back of an ingot, and paint over with a dab of latex paint.

[Richy_T]

IN other words, what are you referring to..? explain yourself rather than providing some puzzle that is meant to show your brilliance.

OK. I am really trying to wind this down now so I skipped replying to a comment above (though apparently your definitions don't agree with your interpretations) and I'll keep this brief. He said that he didn't want to be strongarmed into contributing to this scheme because it is *his* money, 30% or 0.01%. It does not follow that he wouldn't voluntarily contribute in the least. That is entirely something that you have overlayed onto things.

[aminorex]

PSA:  It's generally appreciated not to quote the trolls.  Ignore button doesn't apply to quotations, sadly.

[JayJuanGee]

You seem to be suggesting that government impedes innovations...

OK, real world example: Government mandates catalytic convertors. Auto manufacturers develop lean-burn engines that have pollutant output similar or better than that provided by catalytic converters and are more efficient to boot. Lean-burn engines are not compatible with catalytic converters so are shelved. There are many of this kind of thing if you keep your ears open but I'm not going to sit here and read a list to you.

Edit: Enough of this here anyway. Wrong thread.

Yes.. of course, we could list a large number of examples of where things go wrong, and your after the fact attempt remains insufficient b/c it fails to provide a context. 

We can also list a large number of examples of government funding that created innovation.  These examples do NOT prove points, unless they are described in a context and have some overall applicability to what is being argued. 

[gizmoh]

NEW YORK (MarketWatch) -- The Financial Industry Regulatory Authority, or Finra, on Tuesday issued an investor alert on bitcoin, saying digital currencies are "more than a bit risky." The agency said the alert was intended to caution investors about the risks inherent in buying and using digital currencies like bitcoin. That includes risks from speculative trading and potential fraud related to bitcoin companies, the alert said. The move came after the collapse of the bitcoin exchange Mt. Gox in late February, which filed for bankruptcy in Japan and the U.S. said it lost customers' bitcoins. "Digital currency such as bitcoin is not legal tender," the Finra alert said, which also warned about the lack of safeguards in place for consumers, the irreversibility of bitcoin transactions, and its association with illegal activities.


http://www.marketwatch.com/story/finra-alert-says-bitcoin-more-than-a-bit-risky-2014-03-11?reflink=MW_news_stmp