12 ms·

I'm interested in the price of Bitcoin, but we don't need these daily submissions. If you're interested in following the price, I suggest these links: - https

by wting 14y ago

I'm interested in the price of Bitcoin, but we don't need these daily submissions. If you're interested in following the price, I suggest these links: - https://bitcoinity.org/markets https://bitcoinity.org/markets - http://bitcoincharts.com/charts/mtgoxUSD http://bitcoincharts.com/charts/mtgoxUSD - http://bitcoin.clarkmoody.com/ http://bitcoin.clarkmoody.com/ If you're interested in talking about the price, try #bitcoin-pricetalk on Freenode.

ritchiea 14y ago
I appreciate the daily submissions because I am only slightly curious about the price of bitcoin as long as it's interesting and newsworthy (i.e. rising or falling significantly). If the price of bitcoin stabilized it would cease to be newsworthy and I'm sure the daily submissions would stop. I suspect many people feel the way I do, which is why these submissions get upvoted.
Kaedon 14y ago
It's interesting how quickly its fallen even since this article was posted. It looks like it's around 150 now.
- safwanc 14y ago
  ..and 5 minutes later, its back up to $190 USD/BTC.
  - anonymoushn 14y ago
    It's not a matter of being up $40 in 5 minutes. The spread is actually $40. Edit: Erm, the above was true a while ago. More recently there were standing orders on both sides around $190, but only 20 btc of liquidity on the bid side between $190 and $150. Edit more: Seeing this again, $44 spread from $106 to $150.
    - yxhuvud 14y ago
      Probably a result of the lag of the trading engine. Neither side of the transactions have up to date information and if there is more selling than buying in such a situation then the spread will be great.
NathanKP 14y ago
I like this prettier and easier to read interface: http://realtimebitcoin.info/ http://realtimebitcoin.info/ I've been watching it drop from $200 to $157 over the last hour or so.
- mcintyre1994 14y ago
  What do the numbers in the background mean? I've seen everything from $0.01 to $8000+ in about 30 seconds. EDIT: Realtime transactions? Impressive range if they are.
  - NathanKP 14y ago
    Yeah the biggest I've seen so far was $94,000.00 It doesn't specify whether that was a sell or a buy though. Either way someone made or lost a lot of money.
    - clarkmoody 14y ago
      Neither. That number is just a Bitcoin transaction. The value changed hands. It was probably someone sending coins to an exchange, or an exchange shuffling coins around within its internal wallet. Though I do think that site tries to filter out those network transactions.
    - kale 14y ago
      It's both. One person sells and another buys.
- brador 14y ago
  How many sellers caused this? Was it a whale cashing out or multiples panic jumping the ship?
- phyalow 14y ago
  http://bitcoin-analytics.com/#charts http://bitcoin-analytics.com/#charts
motti_s 14y ago
I'd argue that HN has a built-in mechanism for determining what's interesting to its users. If a Bitcoin related story gets voted up to appear in the top page every day, then maybe it should be there.
- binaryorganic 14y ago
  This. There's been so much talk about curation/deletion of posts lately. Letting the algorithm do it's job is the only way to determine what's HN worthy in my view.
  - ISL 14y ago
    Mostly agreed. There is value in curating HN. People come to HN because it has a reasonably high signal to noise ratio in a certain realm. Highly charged topics tend to drive upvotes, even if it's just a 'like' or a, 'yeah, that's important, I'll up-vote it'. I didn't really start visiting HN for politics or shocking stories; those tend to disproportionately draw upvotes. I'm not in favor of downmodding non-tech articles, but there's something to be said for those who do. There are more important things in the world than Bitcoin, but I'm happy to see a bitcoin article, perhaps two, on the front page anytime something interesting is happening.
    - Terretta 14y ago
      What's worse, as I understand the algorithm's explanation here previously, flagging stories that are much upvoted counts against the flagger. So if the attempt to flag it off fails, those who tried will be penalized. Disclaimer: I have no idea if that explanation is true. But if so, then you don't want to be the kid with his finger in the dike.
  - phreeza 14y ago
    The difference here might be that people who own bitcoin have a financial interest in keeping interest in bitcoin up, so they form a kind of implicit voting cartel, regardless of the real interestingness of the items?
  - 14y ago
driverdan 14y ago
Agreed. I'm going to start flagging them. Due to their volume they've become spam.
- brink 14y ago
  Don't forget that people upvote them. There are many people who find them interesting and don't think that they're spam, including me.
  - psionski 14y ago
    A friend of mine told me "dude, the price is falling". So where do I go to check what's up? HN, of course!
- trotsky 14y ago
  for what its worth, i lost my flagging privileges doing the same thing in the bitcoin bubble two years ago
- rdl 14y ago
  I think part of the issue is that it's kind of a slow news period right now. There are not a whole lot of really exciting other stories hitting HN's front page so far in April.
  - DanBC 14y ago
    That'd be a great opportunity to read and comment on some of the better submitted articles. Unfortunately it's been seen as an opportunity to submit many articles. Nearly 40 articles with Bitcoin in the title have been submitted in the past 24 hours. I understand a few Bitcoin posts. But there are a lot at the moment.
Kiro 14y ago
No, thanks. I prefer getting the relevant updates from HN.
ghshephard 14y ago
This is HUGE news on Bitcoin - nothing like this has ever happened in it's history. Market went from $250 to $110 in 5 hours. MtGox was down for 30 minutes today. Trading lag was 600 seconds for orders placed at market prices. April 10th, 2013 may be the day that will be remember for the next 20 years as the day that Bitcoin crashed and either (A) never recovered or (B) kept progressing after an incredible Blip. Definitely HN fodder today.
- imsofuture 14y ago
  It's hard to treat this re-pricing as a huge crash given that it was preceded by an equally unprecedented boom.
  - ritchiea 14y ago
    It's not surprising but everyone sensible was wondering when it would happen.
- waterlesscloud 14y ago
  Should bitcoin continue from here as topic of noteworthy discussion, I can say with absolute certainty this will not be the last time it crashes.
- sneak 14y ago
  > nothing like this has ever happened in it's history Completely false. The curve mirrors the speculative run-up from $0.50 to $30 pretty closely... the LAST time bitcoin's market scaled an order of magnitude. It's happened before. It will happen again.
  - ghshephard 14y ago
    I stand corrected - this has happened once before in Bitcoin's history, so apparently there have been two times in which Bitcoin price changes have been suitable HN fodder. Though, now, it's a $1B+ valuation and in the New York Times.
jcomis 14y ago
http://realtimebitcoin.info/ http://realtimebitcoin.info/ is another good one to watch
fnordfnordfnord 14y ago
>I'm interested in the price of Bitcoin, but we don't need these daily submissions. Bitcoin markets are having unprecedented volume and volatility. This is a relevant current event. You don't need to click the links if you don't want to. >try #bitcoin-pricetalk on Freenode. The discussion quality on IRC is almost as bad as it is here.
wting 14y ago
My reply was a lot more relevant at the time of posting and when the original title was, "Bitcoin drops from $260 to $230". :/

by wting 14y ago

ritchiea 14y ago

I appreciate the daily submissions because I am only slightly curious about the price of bitcoin as long as it's interesting and newsworthy (i.e. rising or falling significantly). If the price of bitcoin stabilized it would cease to be newsworthy and I'm sure the daily submissions would stop. I suspect many people feel the way I do, which is why these submissions get upvoted.

Kaedon 14y ago

It's interesting how quickly its fallen even since this article was posted. It looks like it's around 150 now.

safwanc 14y ago
..and 5 minutes later, its back up to $190 USD/BTC.
- anonymoushn 14y ago
  It's not a matter of being up $40 in 5 minutes. The spread is actually $40. Edit: Erm, the above was true a while ago. More recently there were standing orders on both sides around $190, but only 20 btc of liquidity on the bid side between $190 and $150. Edit more: Seeing this again, $44 spread from $106 to $150.
  - yxhuvud 14y ago
    Probably a result of the lag of the trading engine. Neither side of the transactions have up to date information and if there is more selling than buying in such a situation then the spread will be great.

NathanKP 14y ago

I like this prettier and easier to read interface: http://realtimebitcoin.info/ http://realtimebitcoin.info/ I've been watching it drop from $200 to $157 over the last hour or so.

mcintyre1994 14y ago
What do the numbers in the background mean? I've seen everything from $0.01 to $8000+ in about 30 seconds. EDIT: Realtime transactions? Impressive range if they are.
- NathanKP 14y ago
  Yeah the biggest I've seen so far was $94,000.00 It doesn't specify whether that was a sell or a buy though. Either way someone made or lost a lot of money.
  - clarkmoody 14y ago
    Neither. That number is just a Bitcoin transaction. The value changed hands. It was probably someone sending coins to an exchange, or an exchange shuffling coins around within its internal wallet. Though I do think that site tries to filter out those network transactions.
  - kale 14y ago
    It's both. One person sells and another buys.
brador 14y ago
How many sellers caused this? Was it a whale cashing out or multiples panic jumping the ship?
phyalow 14y ago
http://bitcoin-analytics.com/#charts http://bitcoin-analytics.com/#charts

motti_s 14y ago

I'd argue that HN has a built-in mechanism for determining what's interesting to its users. If a Bitcoin related story gets voted up to appear in the top page every day, then maybe it should be there.

binaryorganic 14y ago
This. There's been so much talk about curation/deletion of posts lately. Letting the algorithm do it's job is the only way to determine what's HN worthy in my view.
- ISL 14y ago
  Mostly agreed. There is value in curating HN. People come to HN because it has a reasonably high signal to noise ratio in a certain realm. Highly charged topics tend to drive upvotes, even if it's just a 'like' or a, 'yeah, that's important, I'll up-vote it'. I didn't really start visiting HN for politics or shocking stories; those tend to disproportionately draw upvotes. I'm not in favor of downmodding non-tech articles, but there's something to be said for those who do. There are more important things in the world than Bitcoin, but I'm happy to see a bitcoin article, perhaps two, on the front page anytime something interesting is happening.
  - Terretta 14y ago
    What's worse, as I understand the algorithm's explanation here previously, flagging stories that are much upvoted counts against the flagger. So if the attempt to flag it off fails, those who tried will be penalized. Disclaimer: I have no idea if that explanation is true. But if so, then you don't want to be the kid with his finger in the dike.
- phreeza 14y ago
  The difference here might be that people who own bitcoin have a financial interest in keeping interest in bitcoin up, so they form a kind of implicit voting cartel, regardless of the real interestingness of the items?
- 14y ago

driverdan 14y ago

Agreed. I'm going to start flagging them. Due to their volume they've become spam.

brink 14y ago
Don't forget that people upvote them. There are many people who find them interesting and don't think that they're spam, including me.
- psionski 14y ago
  A friend of mine told me "dude, the price is falling". So where do I go to check what's up? HN, of course!
trotsky 14y ago
for what its worth, i lost my flagging privileges doing the same thing in the bitcoin bubble two years ago
rdl 14y ago
I think part of the issue is that it's kind of a slow news period right now. There are not a whole lot of really exciting other stories hitting HN's front page so far in April.
- DanBC 14y ago
  That'd be a great opportunity to read and comment on some of the better submitted articles. Unfortunately it's been seen as an opportunity to submit many articles. Nearly 40 articles with Bitcoin in the title have been submitted in the past 24 hours. I understand a few Bitcoin posts. But there are a lot at the moment.

Kiro 14y ago

No, thanks. I prefer getting the relevant updates from HN.

ghshephard 14y ago

This is HUGE news on Bitcoin - nothing like this has ever happened in it's history. Market went from $250 to $110 in 5 hours. MtGox was down for 30 minutes today. Trading lag was 600 seconds for orders placed at market prices. April 10th, 2013 may be the day that will be remember for the next 20 years as the day that Bitcoin crashed and either (A) never recovered or (B) kept progressing after an incredible Blip. Definitely HN fodder today.

imsofuture 14y ago
It's hard to treat this re-pricing as a huge crash given that it was preceded by an equally unprecedented boom.
- ritchiea 14y ago
  It's not surprising but everyone sensible was wondering when it would happen.
waterlesscloud 14y ago
Should bitcoin continue from here as topic of noteworthy discussion, I can say with absolute certainty this will not be the last time it crashes.
sneak 14y ago
> nothing like this has ever happened in it's history Completely false. The curve mirrors the speculative run-up from $0.50 to $30 pretty closely... the LAST time bitcoin's market scaled an order of magnitude. It's happened before. It will happen again.
- ghshephard 14y ago
  I stand corrected - this has happened once before in Bitcoin's history, so apparently there have been two times in which Bitcoin price changes have been suitable HN fodder. Though, now, it's a $1B+ valuation and in the New York Times.

jcomis 14y ago

http://realtimebitcoin.info/ http://realtimebitcoin.info/ is another good one to watch

fnordfnordfnord 14y ago

>I'm interested in the price of Bitcoin, but we don't need these daily submissions. Bitcoin markets are having unprecedented volume and volatility. This is a relevant current event. You don't need to click the links if you don't want to. >try #bitcoin-pricetalk on Freenode. The discussion quality on IRC is almost as bad as it is here.

wting 14y ago

My reply was a lot more relevant at the time of posting and when the original title was, "Bitcoin drops from $260 to $230". :/