[DASH] Dash Price and Trade Discussion Thread - page 23.

toknormal

legendary

Activity: 3066

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This is exciting. I don't think I've checked the time in China for nearly 2 years Wink

(China waking up in... Cool

)

P.S. I don't understand why all the big trades on Huobi appear to be sells and yet the price keeps rising.

EDIT: Probably because traders place their buy orders just inside the spread and then they get sold into, rather than buying into the asks.

Sub-Ether

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Activity: 434

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Quantum entangled and jump drive assisted messages

Quote from: italeffect on November 02, 2015, 03:44:08 PM

You can certainly create an account on the Chinese BTC sites and sell BTC at the high rate - but you can't withdraw dollars to a US bank account, for instance, so it becomes somewhat impossible to complete the arbitrage loop. There are ways to do it. But likely you need to have a presence and banking relationships setup in multiple countries. Or conspire with someone actually in China for instance.

I tried signing upto huobi and had an email but with not link for confirmation, it looked like an error message in Chinese.
what did I do wrong?

toknormal

legendary

Activity: 3066

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It's a smash & grab. Huobi just went over $380.

As long as the alts don't totally decouple (which they mostly don't), I'd expect a bit of a dip followed by a rally as the elastic takes up the strain.

qwizzie

legendary

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Quote from: toknormal on November 02, 2015, 03:46:44 PM

Great thread.

Feel free to participate Grin

toknormal

legendary

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Great thread.

italeffect

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You can certainly create an account on the Chinese BTC sites and sell BTC at the high rate - but you can't withdraw dollars to a US bank account, for instance, so it becomes somewhat impossible to complete the arbitrage loop. There are ways to do it. But likely you need to have a presence and banking relationships setup in multiple countries. Or conspire with someone actually in China for instance.

Lebubar

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Activity: 1288

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Quote from: italeffect on November 02, 2015, 03:29:54 PM

Think about how slow it is to move BTC between sites, 30 mins if your lucky, more likely an hour. And fiat takes 2-4 days. Unless you were fully stocked with both on all exchanges the arbitrage ability is limited on a quick run up like right now. I would assume most anyone that was in a position to make money on the difference has done so.

Sure, but what about :

Someone have $ and BTC on bitfinex (or Bitstamp), and Yuan and BTC on the chineese, then all is possible.

I guess it's more like you can't easily open an account there if you are not chineese?
And vice-versa..?

italeffect

sr. member

Activity: 255

Merit: 250

Think about how slow it is to move BTC between sites, 30 mins if your lucky, more likely an hour. And fiat takes 2-4 days. Unless you were fully stocked with both on all exchanges the arbitrage ability is limited on a quick run up like right now. I would assume most anyone that was in a position to make money on the difference has done so.

qwizzie

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Quote from: Lebubar on November 02, 2015, 02:50:12 PM

Quote from: qwizzie on November 02, 2015, 02:19:55 PM

Quote from: Lebubar on November 02, 2015, 02:06:24 PM

Lot of selling pressure right now.
As often when BTC is going north...

We'll see if this BTC rally is due to auction that is for the 4th of November? (not sure of the date).

yeah, i'm noticing it too. I suspect some daytraders are converting Dash to BTC due to the rising BTC price
(mostly originating from Chinese exchange Huobi). I'm not so sure its related to the auction as thats taking place in the USA while all the
buy-pressure is emerging from China due to increasing volume on the exchanges there.

With the Chinese economy showing signs of slowing down, maybe traders are looking for ways to avoid the Chinese
monetary control systems in place there ..

https://bitcoinwisdom.com/markets/huobi/btccny
(put interval on 1W and Indicator on OBV and you will see what i mean)

I guess we will have a bumpy road ahead, as will all altcoins.

Yes you are probably right.

For Dash I think it's fine : 4K sell on Polo and 1K sell on crypty during the same half am hour, I still ~72.

For BTC what amaze me is the diference between the sites :
Bitstamp 348.16
BTC-e 319.474
Bitfinex 348.98
Huobi 365.21/2303.03

What happen with arbitrage??

That is a good question, i'm not sure how fast arbitrage could work across all these different exchanges. Maybe someone can enlighten us..

Edit : it could be that for the Chinese traders its more attractive to stay in Bitcoin currently (instead of the weak CNY FIAT) then the other exchanges who have
safe havens in the form of stronger EURO & USD FIAT...

Lebubar

legendary

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Quote from: qwizzie on November 02, 2015, 02:19:55 PM

Quote from: Lebubar on November 02, 2015, 02:06:24 PM

Lot of selling pressure right now.
As often when BTC is going north...

We'll see if this BTC rally is due to auction that is for the 4th of November? (not sure of the date).

yeah, i'm noticing it too. I suspect some daytraders are converting Dash to BTC due to the rising BTC price
(mostly originating from Chinese exchange Huobi). I'm not so sure its related to the auction as thats taking place in the USA while all the
buy-pressure is emerging from China due to increasing volume on the exchanges there.

With the Chinese economy showing signs of slowing down, maybe traders are looking for ways to avoid the Chinese
monetary control systems in place there ..

https://bitcoinwisdom.com/markets/huobi/btccny
(put interval on 1W and Indicator on OBV and you will see what i mean)

I guess we will have a bumpy road ahead, as will all altcoins.

Yes you are probably right.

For Dash I think it's fine : 4K sell on Polo and 1K sell on crypty during the same half am hour, I still ~72.

For BTC what amaze me is the diference between the sites :
Bitstamp 348.16
BTC-e 319.474
Bitfinex 348.98
Huobi 365.21/2303.03

What happen with arbitrage??

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: Lebubar on November 02, 2015, 02:06:24 PM

Lot of selling pressure right now.
As often when BTC is going north...

We'll see if this BTC rally is due to auction that is for the 4th of November? (not sure of the date).

yeah, i'm noticing it too. I suspect some daytraders are converting Dash to BTC due to the rising BTC price
(mostly originating from Chinese exchange Huobi). I'm not so sure its related to the auction as thats taking place in the USA while all the
buy-pressure is emerging from China due to increasing volume on the exchanges there.

With the Chinese economy showing signs of slowing down, maybe traders are looking for ways to avoid the Chinese
monetary control systems in place there ..

https://bitcoinwisdom.com/markets/huobi/btccny
(put interval on 1W and Indicator on OBV and you will see what i mean)

I guess we will have a bumpy road ahead, as will all altcoins.

Lebubar

legendary

Activity: 1288

Merit: 1000

Lot of selling pressure right now.
As often when BTC is going north...

We'll see if this BTC rally is due to auction that is for the 4th of November? (not sure of the date).

razen489

full member

Activity: 196

Merit: 100

Resilient.. ever since the recent BTC bull Kiss

https://www.coingecko.com/en/price_charts/dash/usd

fible1

legendary

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Merit: 1000

Thanks mate.

Pablo.

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: fible1 on November 01, 2015, 05:57:33 PM

Hey, can you do me a favor and post the text you use to pull data from Poloniex into your spreadsheet? I use the coinmarket cap feed and I couldn't make the switch to Poloniex work.

I'd really appreciate it.

Pablo.

A1 L1
=IMPORTHTML("http://www.worldcoinindex.com/coin/dash","table","0") =IMPORTHTML("http://www.worldcoinindex.com/coin/dash","table","1")

A16 B16
Dash (BTC) =C2/B17
A17 B17
BTC (USD) =B25

A21
=IMPORTHTML("https://bitcoinwisdom.com","table","0")

This converts Dash Poloniex USD price into Dash Poloniex BTC price
Cell P2 will show the Dash % increase USD on Poloniex (+9.77%)

fible1

legendary

Activity: 1183

Merit: 1000

Quote from: qwizzie on November 01, 2015, 05:44:13 PM

Quote from: fible1 on November 01, 2015, 05:37:02 PM

Quote from: qwizzie on November 01, 2015, 05:30:13 PM

Quote from: Lebubar on November 01, 2015, 05:06:52 PM

One thing is missing on cryptowat.ch is the cumulative, maybe will arrive soon (as there is a - (DASH) there that should be the cumulative Wink

Interesting, i will keep an eye out on it.

In the mean time Dash is just dashing forward currently : http://coinmarketcap.com/

Dash in USD

Dash in BTC

I'm not sure where coinmarketcap gets it's feed, but I have checked it against Poloniex and Cryptsy several times today and it is always higher, by like 5-7%.

Anyone have any insight into this?

Pablo.

well, i agree it is a bit weird as my own sheet calculation with data plugged from Poloniex only shows 9.67% increase in Dash (USD) over the last 24 hours
(but then again my sheet also still thinks current price is 0.0078 .. seems to be lagging a little bit behind)

I think i will stop using coinmarket as a source for Dash % increases over the last 24 hours, it just seems too unreliable.... thanks for adressing this to me.

Hey, can you do me a favor and post the text you use to pull data from Poloniex into your spreadsheet? I use the coinmarket cap feed and I couldn't make the switch to Poloniex work.

I'd really appreciate it.

Pablo.

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: Macrochip on November 01, 2015, 05:55:31 PM

Just click "Markets". Someone had some cash to throw and bloated volume on the Russki exchange. Seems like a minor incident soon to be corrected. I'd like to think it's the vanguard of big (Russian?) money rolling in.

Interesting find, explains a few things. Thanks

Macrochip

sr. member

Activity: 465

Merit: 250

Just click "Markets". Someone had some cash to throw and bloated volume on the Russki exchange. Seems like a minor incident soon to be corrected. I'd like to think it's the vanguard of big (Russian?) money rolling in.

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: fible1 on November 01, 2015, 05:37:02 PM

Quote from: qwizzie on November 01, 2015, 05:30:13 PM

Quote from: Lebubar on November 01, 2015, 05:06:52 PM

One thing is missing on cryptowat.ch is the cumulative, maybe will arrive soon (as there is a - (DASH) there that should be the cumulative Wink

Interesting, i will keep an eye out on it.

In the mean time Dash is just dashing forward currently : http://coinmarketcap.com/

Dash in USD

Dash in BTC

I'm not sure where coinmarketcap gets it's feed, but I have checked it against Poloniex and Cryptsy several times today and it is always higher, by like 5-7%.

Anyone have any insight into this?

Pablo.

well, i agree it is a bit weird as my own sheet calculation with data plugged from Poloniex only shows 9.67% increase in Dash (USD) over the last 24 hours
(but then again my sheet also still thinks current price is 0.0078 .. seems to be lagging a little bit behind)

~~I think i will stop using coinmarket as a source for Dash % increases over the last 24 hours, it just seems too unreliable.... thanks for adressing this to me.~~

fible1

legendary

Activity: 1183

Merit: 1000

Quote from: qwizzie on November 01, 2015, 05:30:13 PM

Quote from: Lebubar on November 01, 2015, 05:06:52 PM

One thing is missing on cryptowat.ch is the cumulative, maybe will arrive soon (as there is a - (DASH) there that should be the cumulative Wink

Interesting, i will keep an eye out on it.

In the mean time Dash is just dashing forward currently : http://coinmarketcap.com/

Dash in USD

Dash in BTC

I'm not sure where coinmarketcap gets it's feed, but I have checked it against Poloniex and Cryptsy several times today and it is always higher, by like 5-7%.

Anyone have any insight into this?

Pablo.

Topic: [DASH] Dash Price and Trade Discussion Thread - page 23. (Read 49079 times)