Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32099.

Coinseeker

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Quote from: Miz4r on November 13, 2013, 07:21:42 AM

Quote from: Davyd05 on November 13, 2013, 06:59:08 AM

Quote from: ajax3592 on November 13, 2013, 06:58:08 AM

BITCOINS are on fire !! The value has hit $400 omg. Cool down Chinese stash your black money somewhere else, damn it.

This is Gox led...

Actually this move is being led by Bitstamp (together with btc-e perhaps), they've already broken their ATHs yesterday. Gox is just lagging behind, and now China is ironically enough the latest to break their ATH. But they already took a big lead earlier on, so maybe they're just waiting for the rest to catch up now.

Uh, no. That was all Gox. China was barely moving and Stamp was only a tad bit better than that.

Miz4r

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Quote from: Davyd05 on November 13, 2013, 06:59:08 AM

Quote from: ajax3592 on November 13, 2013, 06:58:08 AM

BITCOINS are on fire !! The value has hit $400 omg. Cool down Chinese stash your black money somewhere else, damn it.

This is Gox led...

Actually this move is being led by Bitstamp (together with btc-e perhaps), they've already broken their ATHs yesterday. Gox is just lagging behind, and now China is ironically enough the latest to break their ATH. But they already took a big lead earlier on, so maybe they're just waiting for the rest to catch up now.

adamas

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VIS ET LIBERTAS

Quote from: Zangelbert Bingledack on November 13, 2013, 07:17:08 AM

Locked 'n loaded...

Wow

Zangelbert Bingledack

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Locked 'n loaded...

Cablez

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I owe my soul to the Bitcoin code...

Knock Knock Knockin' on 400s door. Yeah Yeah Yeah. Grin

adamas

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VIS ET LIBERTAS

Quote from: The-Real-Link on November 13, 2013, 07:09:09 AM

Nice! [/img]

You are late:
https://bitcointalksearch.org/topic/m.3568180

barbs

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Are we calling a top?

The-Real-Link

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Nice!

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Davyd05

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Quote from: ajax3592 on November 13, 2013, 06:58:08 AM

BITCOINS are on fire !! The value has hit $400 omg. Cool down Chinese stash your black money somewhere else, damn it.

This is Gox led...

ajax3592

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Crypto News & Tutorials - Coinramble.com

BITCOINS are on fire !! The value has hit $400 omg. Cool down Chinese stash your black money somewhere else, damn it.

adamas

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VIS ET LIBERTAS

Quote from: phatsphere on November 13, 2013, 06:48:48 AM

Quote from: gandhibt on November 13, 2013, 06:42:58 AM

So the ATH at gox is now 399.999? 400 is still virgin?

more than 50 coins were traded at exactly $400 on gox.

Coinseeker

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Yup, mine shows well over $200 coins traded at $400. Correction incoming though?

phatsphere

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Quote from: gandhibt on November 13, 2013, 06:42:58 AM

So the ATH at gox is now 399.999? 400 is still virgin?

more than 50 coins were traded at exactly $400 on gox.

gandhibt

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So the ATH at gox is now 399.999? 400 is still virgin?

N12

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⬆

barbs

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I love bitcoin its like

400 whee!!!! to da mooon!!!

Whoa we're not moving anymore

DON'T LOOK DOWN

Davyd05

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Feels nice, I was part of the buy order that broke the all time high for cavirtex. 368.90 Cheesy

here's to 400 in cad soon Cheesy

NewLiberty

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Gresham's Lawyer

Quote from: bnjmnkent on November 12, 2013, 09:50:16 PM

Quote from: SheHadMANHands on November 12, 2013, 09:18:51 PM

Quote from: hlynur on November 12, 2013, 09:15:58 PM

Quote from: SheHadMANHands on November 12, 2013, 09:03:09 PM

Quote from: Xer0 on November 12, 2013, 08:59:54 PM

Quote from: SheHadMANHands on November 12, 2013, 08:49:59 PM

In the meanwhile..

Btcchina at almost $400, compared to Stamp at $365. And still apparently no one has figured out the arbitrage.

you need a chinese bank account to withdraw your fiat, but you need to visit china to get a bank account

thats the problem Grin

I'm not implying most people could do it. But surely someone could do it, and would be doing it, you'd think.

lol

*checking chinese subforum*
https://bitcointalksearch.org/topic/looking-for-a-chinese-partner-to-arbitrage-with-329534

Quote from: keatonatron on November 10, 2013, 12:02:46 AM

Remember how BTC-E has always had low prices? There's a reason for that: hard to get money in.

And you know how now BTCCHINA has really high prices? There's a reason for that, too: hard to get money out.

If it was easy to do, people would already be doing it and we wouldn't see as large a gap as we do. China is a Communist country, and they have a strong hold on their currency. Just doing some quick Googling, Chinese residents can only send $50,000 per year overseas.

So, let's say you put up $45,000 to buy 150 coins. Send them to China, sell for $340 each, split the $6,000 profit with your Chinese partner, and have them wire back $48,000 (while also possibly paying taxes and bank fees, etc).

Oh, and don't forget to add in your trip to China Cheesy

So you might make $3,000 for the year. You could exceed the limit by having your Chinese contact's friends and relatives send you transfers in their names, but it seems like that would require even more trust. And if the price of bitcoins goes way up and the price difference stays the same, you'll hit your limit earlier and make less profit.

It's a nice idea in theory, but I don't think it will pan out as well as it looks. Please let us know if you do try it, though!

Sure, but still at some point it must become profitable for someone.. If btcchina was at $1m/bitcoin and Btc-e was at $100/bitcoin, someone wouldn't take advantage?

Cmon homeboy

Maybe traders assume there is soon a chinese SR-like takedown to come? This risk is therefore reflected in the price difference.
Is this called efficient market hypothesis - dunno?

Difficulty moving money out of China explains both the price difference and the demand for bitcoins there.

oakpacific

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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32099. (Read 26711797 times)