ActiveMining Overview and Speculation Thread - page 62.

bitfromit

sr. member

Activity: 329

Merit: 250

Quote from: stslimited on July 28, 2013, 10:31:58 PM

Quote from: FloatesMcgoates on July 28, 2013, 10:21:20 PM

Quote from: dhenson on July 28, 2013, 10:15:27 PM

Quote from: freedomno1 on July 28, 2013, 10:03:54 PM

Quote from: LaQue on July 28, 2013, 10:02:44 PM

i don't understand why people are jumping on all these cheap bitfunder shares?!?!?!

Are or are not and markets are efficient but we have 6 confirms in bitcoin XD

Friction causing price gap :
1) No usable BID orders to efficiently sell on btct
2) Long waits to get btc out of btct.co due to burnside having to manually withdraw from cold storage
3) 6 confirms on weexchange
4) Large ASK walls on bitfunder (people bought at lower prices and are more willing to sell)
5) Lack of desire to hold BF over btct.co

Do you actually know how long it takes to withdraw more than the maximum manual limit takes on BTCT?

like 10-18 hours in my experience

re: weex
Inputs.io has really made just-dice transfers incredibly easy and fast. Perhaps Bitfunder should look at other options...

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: adub on July 28, 2013, 11:45:27 PM

Quote from: freedomno1 on July 28, 2013, 11:44:39 PM

Quote from: bohdan87 on July 28, 2013, 11:41:45 PM

What is going on with ACT-m shares on BTCT.CO?? I cannot buy or sell due to the website taking too long to lock on to the security. Please resolve this.

Stressing the system to the max lol

Try putting in a bid instead of buying at the current rate.

Been putting bids in still the same

vlaoou321

sr. member

Activity: 266

Merit: 250

Quote from: adub on July 28, 2013, 11:45:27 PM

Quote from: freedomno1 on July 28, 2013, 11:44:39 PM

Quote from: bohdan87 on July 28, 2013, 11:41:45 PM

What is going on with ACT-m shares on BTCT.CO?? I cannot buy or sell due to the website taking too long to lock on to the security. Please resolve this.

Stressing the system to the max lol

Try putting in a bid instead of buying at the current rate.

TAKE IT EASY。

adub

full member

Activity: 171

Merit: 100

Changing avatars is currently not possible.

Quote from: freedomno1 on July 28, 2013, 11:44:39 PM

Quote from: bohdan87 on July 28, 2013, 11:41:45 PM

What is going on with ACT-m shares on BTCT.CO?? I cannot buy or sell due to the website taking too long to lock on to the security. Please resolve this.

Stressing the system to the max lol

Try putting in a bid instead of buying at the current rate.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: bohdan87 on July 28, 2013, 11:41:45 PM

What is going on with ACT-m shares on BTCT.CO?? I cannot buy or sell due to the website taking too long to lock on to the security. Please resolve this.

Stressing the system to the max lol

bohdan87

newbie

Activity: 11

Merit: 0

What is going on with ACT-m shares on BTCT.CO?? I cannot buy or sell due to the website taking too long to lock on to the security. Please resolve this.

blackswan

member

Activity: 82

Merit: 10

Quote from: ArcticWolf on July 28, 2013, 10:50:44 PM

Youre a brave man Floates, I was thinking of doing similar but the thought of having sold all my shares and then the price never coming down, leaving me way behind unsettles my stomach

Fortune favors the brave. Every trading decision you make could result in either a loss or a profit.

I'm glad I sold off a portion of my shares at .009 before the price tanked. Waiting for the withdrawal transfer to go through to bitfunder so I can take advantage of the arbitrage or grab some cheap ASICminer shares.

FloatesMcgoates

full member

Activity: 238

Merit: 100

Quote from: ArcticWolf on July 28, 2013, 10:50:44 PM

Youre a brave man Floates, I was thinking of doing similar but the thought of having sold all my shares and then the price never coming down, leaving me way behind unsettles my stomach

I have definitely had some good trades and some bad trades with this stock. For example, somehow I managed to buy at .004 and sell at .0047 or so multiple times in half a day, but I also managed to sell at .49, buy back at .59 only to sell at .64 then buy at .69. Overall I would imagine my profit to be within +- 7% or so of someone who simply held.

In any case, I didn't have time to sweat over whether to risk a manual withdrawal because my bid order in case of pullback from .009 has been filled. Also, I am still extremely happy today because I'm sure all of us have made a tremendous amount of money in the last 12 hours

ArcticWolf

full member

Activity: 196

Merit: 100

Youre a brave man Floates, I was thinking of doing similar but the thought of having sold all my shares and then the price never coming down, leaving me way behind unsettles my stomach

FloatesMcgoates

full member

Activity: 238

Merit: 100

Thanks for the replies guys.

I'm still torn on whether I should risk attempting to withdraw a more significant amount of bitcoins from BTCT over to Bitfunder and having the transaction occur before the S.Dice payout/taking advantage of general arbitrage or keep that amount of btc here in order to take advantage of a likely pullback from .009.

dhenson

legendary

Activity: 994

Merit: 1000

I've made a large withdrawal and it only took 4 hours. I believe it's manual on burnside's part so it's just up to how busy he is and his availability.

On a side note, has anyone heard of any news regarding the G.SDICE payout?

stslimited

hero member

Activity: 546

Merit: 500

Quote from: FloatesMcgoates on July 28, 2013, 10:21:20 PM

Quote from: dhenson on July 28, 2013, 10:15:27 PM

Quote from: freedomno1 on July 28, 2013, 10:03:54 PM

Quote from: LaQue on July 28, 2013, 10:02:44 PM

i don't understand why people are jumping on all these cheap bitfunder shares?!?!?!

Are or are not and markets are efficient but we have 6 confirms in bitcoin XD

Friction causing price gap :
1) No usable BID orders to efficiently sell on btct
2) Long waits to get btc out of btct.co due to burnside having to manually withdraw from cold storage
3) 6 confirms on weexchange
4) Large ASK walls on bitfunder (people bought at lower prices and are more willing to sell)
5) Lack of desire to hold BF over btct.co

Do you actually know how long it takes to withdraw more than the maximum manual limit takes on BTCT?

like 10-18 hours in my experience

FloatesMcgoates

full member

Activity: 238

Merit: 100

Quote from: dhenson on July 28, 2013, 10:15:27 PM

Quote from: freedomno1 on July 28, 2013, 10:03:54 PM

Quote from: LaQue on July 28, 2013, 10:02:44 PM

i don't understand why people are jumping on all these cheap bitfunder shares?!?!?!

Are or are not and markets are efficient but we have 6 confirms in bitcoin XD

Friction causing price gap :
1) No usable BID orders to efficiently sell on btct
2) Long waits to get btc out of btct.co due to burnside having to manually withdraw from cold storage
3) 6 confirms on weexchange
4) Large ASK walls on bitfunder (people bought at lower prices and are more willing to sell)
5) Lack of desire to hold BF over btct.co

Do you actually know how long it takes to withdraw more than the maximum manual limit takes on BTCT?

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: freedomno1 on July 28, 2013, 10:03:54 PM

Quote from: LaQue on July 28, 2013, 10:02:44 PM

i don't understand why people are jumping on all these cheap bitfunder shares?!?!?!

Are or are not and markets are efficient but we have 6 confirms in bitcoin XD

Friction causing price gap :
1) No usable BID orders to efficiently sell on btct
2) Long waits to get btc out of btct.co due to burnside having to manually withdraw from cold storage
3) 6 confirms on weexchange
4) Large ASK walls on bitfunder (people bought at lower prices and are more willing to sell)
5) Lack of desire to hold BF over btct.co

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: LaQue on July 28, 2013, 10:02:44 PM

i don't understand why people are jumping on all these cheap bitfunder shares?!?!?!

Are or are not and markets are efficient but we have 6 confirms in bitcoin XD

LaQue

newbie

Activity: 13

Merit: 0

i don't understand why people are jumping on all these cheap bitfunder shares?!?!?!

vlaoou321

sr. member

Activity: 266

Merit: 250

BITFUNDER ACTM and BTCT ACTM difference of 30%.

FloatesMcgoates

full member

Activity: 238

Merit: 100

HOLY SHIT WE ARE ALL RICH AS FUCK thank god I rotated from bitfunder to BTCT yesterday when bitfunder was briefly higher than BTCT.

stslimited

hero member

Activity: 546

Merit: 500

Quote from: Bitcycle on July 28, 2013, 09:09:19 PM

On low volume compared to what? Not low compared to historical volume...

low volume based on the order book. There current limit orders on bid side cannot handle a several thousand share sell order. And thats only like $2000 us dollars.

matuszed

full member

Activity: 154

Merit: 100

Quote from: somestranger on July 28, 2013, 09:18:01 PM

The volume is only super thin on Bitfunder because people check BTC-TC and if the price soared there they cancel their ask orders and put them higher. Most of the buyers also seem to be buying at market instead of playing bid orders so that further confounds the upward movements.

I definitely think there will be a correction on BTC-TC as there have been many previously due to the high volume and volatility there. By the time people try to arbitrage across exchanges or make orders based on BTC-TC price action, the ups and downs get smoothed out a good bit and creates a fairly linear upward trend on Bitfunder. On Bitfunder I would just hold, but on BTC-TC there is a lot of money to be made day trading.

In this chart comparison since July 26th you can see how much more volatile BTC-TC is (it needs a parabolic trend line really) compared to Bitfunder which you can easily draw a trend line on. Of course the scales are slightly different but I think the difference is still apparent.

The book depth is super thin on both. Look at what a 10K market sell would do on either exchange.

Topic: ActiveMining Overview and Speculation Thread - page 62. (Read 168030 times)