Topic: $10 straight clean arbitrage to be had going from Stamp to BTC-E.... - page 2. (Read 2875 times)

Yes. The market where BTC really changes actually hands in large volumes is being obstructed by the market where BTC gets passed from a whales left pocket to his right pocket in mostly micro-sized volumes.

Silly market.

The market wants to go down, only if there was no other market that is preventing it from going down.  Silly market.

Perhaps some big boys need to cash out. Perhaps they are Chinese. Perhaps the FBI are wanting as healthy a bidding war for the DPR coins as possible. Perhaps someone is really wanting to fk market over and is intentionally allowing huge sell-off pressure to build up.



Who knows, but what I do know is that it is the most dodgy and fabricated that these charts have ever behaved since I started paying attention over the past couple of months.

I agree his observations are valid in that the "last" price is being pegged to the ask side.  What I disagree with is his jump to the conclusion that the market wants to go down.  If the market, which is made up of the capital at risk in the market, wanted to go down it would be down. Since it is not down, we can assume that there is sufficient capital to absorb any sells at this point in time.  He is also right that pressure is building.  But I am far less certain than he of the direction we will break out.  All I know is that when we do start moving, we will move decisively.

I was looking at using the current price difference to send some money from coinbase to buy a little more LTC.  In the past we have consistently seen bitstamp (and therefore coinbase), be slightly higher than btc-e, so by sending btc in the past you were already losing some money off the top (in addition to the fees from coinbase and the trading fees of btc-e).

His analysis about the behaviour of the bots are spot on. I´m not sure if a huge drop is about to come in in the next hours/days,
but right now  it´s bots who are keeping the price up on Stamp/Gox for whatever reason it is.

I am far from screwed my friend.

I could already position my short cover to a break even level and still have 1500 BTC of Ask orders in front of me.

Youre screwed, by the time you realize it you will cover short and go long and THATS when it will go down. When  everyone least expects it. BTW how many people do you know got richer going short vs long on BTC? I saw the same type of people getting wiped out in 2011 when the fed was "going to stop QE2" ha now look at it.

You asked who I was to proclaim that the market wants to trend down. Hopefully my explanation was sufficient enough that even a complete fool could look at the charts and development of the Ask/Bid wall for themselves and comprehend that what I am stating about the market being obstructed is in fact undeniably correct.

The market wants Bitcoin to trend down. This is what would happen if there wasn't a defensive dam preventing it from doing so. Because it is what should happen, I am betting heavily on it playing out. This however is no guarantee that it will happen, as it is not hard to grasp, that if man is capable of putting flood barriers in place to protect his land until the flood waters drain away or the tide goes back out, he is certainly capable of erecting a different type flood barrier to protect the market value of a financial asset, providing of course that is his intentions............perhaps he just wants to save all that flood water up and let it go in one devastating flush?

Whatever the case, there is such a huge amount of pressure building up, that if the market does break to the down side, it could smash right through the $765 floor. For this reason, I have removed my $772 profit taking buy in order. If this is gonna go my way, it is gonna go a lot further my way than that.

Maybe you should take a walk.  Sitting all day staring at charts isn't good for you.  There's plenty of money to be made here without stressing out about it.

Oh, there we go. The old bear whimper again. let me pictorize that...

I have been sitting for much of the day, watching this absurd $815 - $825 battle going on, whereby any serious volume of trade brings the price down closer to $815 level, only for a microtransaction of 0.02 btc or something to be triggered immediately afterwards bringing the spot price back up to $825. Even on the minute chart this makes it look as though high volume trades are happening at the Ask wall, but this is bullshit and it can be seen to be bullshit by the near perfect ruler drawn lines that appearing along the top of the candlesticks on the short term 1,3,5 minute charts. If the bots were preventing the market from driving price up, these lines would appear along the bottom of the candlesticks.

In the meantime, the Bid and Ask walls are piling up on Bitstamp. At the start of the day, there was 500 BTC of Asks in between the spot price and my stop loss order. There is now over 2000 BTC and the Ask volume has been steadily piling up and advancing on 'no man's' land, whereas the Bid volume in close range to the spot hasn't really moved at all.

That is who I am to say what the market wants u damn fuckwit.

Who the fuck are you to say what the market wants?

Besides, isn't the capital involved in the market what makes the market?  So why shouldn't those with the most capital at risk control the pacing?

....and if you have the capital, then you are free to piss over all other market participants.

Right now for example, the market clearly wants to go down, yet it is being brutally nailed up by bot trading refusing to let it sink to where it wants to sink to across all USD exchanges. Never since I started paying close attention has the spot price manipulation been so blatant and translated on the charts as so mechanical.

In whose benefit is this being done? And incase you are pleased that the price is being artificially propped up in this way, what do you think could happen when/if such artificial supports were to be suddenly removed. Would it be reasonable to consider that we may have a more brutal sell-off than we otherwise might have had. Same thing can happen when the bot trading is keeping spot price down preventing a bull run from taking off and the flood gates are then released resulting in a much more voracious (and volatile) upsurge than would have otherwise occurred.

Either direction, the owners of the bots will be clearly be best positioned to benefit from the consequences of the market disturbances that they cause.

But is that the definition of a free market enterprise?  If it's legal, which it is, and you can create it, lots of people have, then its free markets at its best.  If you (or anyone) can create a bot that does "better" then the current bots on the various exchanges, they would do it and profit from it.  The hard part is not creating the bot itself, it can be done, the "hard" part is having enough capital to support both sides of the walls while turning enough profit without the fees building up.

They are operated by whales who have their vast capital stacked on both sides of the Bid/Ask wall, manipulating the unaware into their nets and manipulating panic or bullish sentiment into the market. Without bots, this would be a full time job and would require razor sharp market acumen with still huge margin for slip ups due to limitations of human response times.

With bots, all they need is the capital, the BTC, and the will to rape the market.

If the real market forces are pushing things in a different direction, these guys will be first to know about it and will change their bot algorithmic strategies accordingly.

If they are indeed misshaping the market, the market will correct them eventually.  Bots have no advantage in altering price.

So are conmen and thieves.

Bot operators are moulding, mishaping, and manipulating market and bring nothing of value to the market except giving their owners an advantage over everyone else.

Bots are people too, trying to make a profit. If you are sure of this, use cryptotrader to program one yourself to outwit the "evil" bots.

I might believe a few hundred milliseconds, but within a microsecond?  Surely you are being hyperbolic.