Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21518.

Ayle56

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Quote from: cyclotronmajesty on July 02, 2015, 09:34:59 AM

I'm kinda mystified about how an exchange works.

Am I always buy/selling to a peer?
Or does the exchange sell and buy directly to users also?

Does an exchange adjust its prices in consensus with other exchanges?
Or is it all independent marketing?

The two exchanges Bitfinex and Bitstamp used to have a deal that helped keep the price roughly the same on both exchanges. However, they stopped the deal now as far as I know. There are people who run things called arbitrage bots which look for different prices on exchanges and make profit from buying off a cheaper exchange to sell on a more expensive exchange. They tend to keep the prices roughly the same across exchanges.

qwk

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Shitcoin Minimalist

Quote from: cyclotronmajesty on July 02, 2015, 09:34:59 AM

I'm kinda mystified about how an exchange works.

Am I always buy/selling to a peer?

In theory, yes.

Quote from: cyclotronmajesty on July 02, 2015, 09:34:59 AM

Or does the exchange sell and buy directly to users also?

That may or may not be the case. If so, it's usually done in a more or less transparent way with someone appointed to the task and officially being called a market maker or given some other fancy name.

Quote from: cyclotronmajesty on July 02, 2015, 09:34:59 AM

Does an exchange adjust its prices in consensus with other exchanges?
Or is it all independent marketing?

With Bitcoin exchanges, you never know. They may all just be making up numbers and drawing pretty lines in diagrams Roll Eyes

cyclotronmajesty

sr. member

Activity: 420

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I'm kinda mystified about how an exchange works.

Am I always buy/selling to a peer?
Or does the exchange sell and buy directly to users also?

Does an exchange adjust its prices in consensus with other exchanges?
Or is it all independent marketing?

Fatman3001

legendary

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Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: dreamspark on July 02, 2015, 09:19:49 AM

A break downwards here could get ugly.

Not to worry. Ugly is on our side.

Specular

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Activity: 180

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dApps Development Automation Platform

Quote from: dreamspark on July 02, 2015, 09:19:49 AM

A break downwards here could get ugly.

+1

Most of the violence is happening on OKcoin...

1550-1560 is a big level for the bulls to defend.

I also get the feeling that OKcoin gets messed with as it approaches Thursdays Futures expiration. Perhaps some whales use the spot market to manipulate Futures prices as they approach settlement..

dreamspark

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A break downwards here could get ugly.

BitofaN1

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Quote from: inca on July 02, 2015, 08:03:36 AM

Someone shaking the tree.

BearWhaleTard is not scaring anyone. Hope he enjoys buying his coins back at 265.

ChartBuddy

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Explanation

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: inca on July 02, 2015, 08:11:47 AM

I have to say whoever maintains those steep ask side walls is doing a sterling job of attempting to keep the price from rising

Those bid walls aren't too shabby either.

LFC_Bitcoin

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Quote from: macsga on July 02, 2015, 07:43:00 AM

According to this article: http://www.lifo.gr/now/digital-life/69865 it seems like the CEO of Bitstamp reported about 79% rise from Greek customers. Talking with a friend today, the main concern is the issuing of IOUs and people try to convert to "assets" instead. There are companies that are willingful to take your euros out of Greece (and put them in an exchange account for you) in order to purchase BTCs from known exchanges.

Never expected it so soon, but Bitcoin seems to gain some *REAL* traction here in Greece.

I'm very interested in these developments macsga if you could try & keep us updated with the BTC situation in Greece in this thread. Let's hope this new found interest in Greece is reflected positively in the price soon.

Quote from: inca on July 02, 2015, 08:11:47 AM

I have to say whoever maintains those steep ask side walls is doing a sterling job of attempting to keep the price from rising

Their attempts are futile in the long term mate, you can only build a dam to a certain strength before it bursts from all of the rising pressure Wink

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: simmo77 on July 02, 2015, 07:27:24 AM

Quote from: tarmi on July 02, 2015, 07:14:45 AM

double digits are not doom for anyone but bulltards.

bitcoin will be just fine.

I'm pretty sure you would also be pretty pissed if prices went down to double digits

The Tarmi Song

inca

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I have to say whoever maintains those steep ask side walls is doing a sterling job of attempting to keep the price from rising

8up

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Nice bitcoin monthly chart.

Source: https://www.tradingview.com/chart/BTCUSD/cORBomyg-Crossroads/

inca

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Someone shaking the tree.

aztecminer

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Quote from: simmo77 on July 02, 2015, 07:27:24 AM

Quote from: tarmi on July 02, 2015, 07:14:45 AM

double digits are not doom for anyone but bulltards.

bitcoin will be just fine.

I'm pretty sure you would also be pretty pissed if prices went down to double digits

i think i could summon up some more fiat to buy shit tons moar if that happens, which is exactly why it won't!

ChartBuddy

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Explanation

tarmi

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Quote from: simmo77 on July 02, 2015, 07:27:24 AM

Quote from: tarmi on July 02, 2015, 07:14:45 AM

double digits are not doom for anyone but bulltards.

bitcoin will be just fine.

I'm pretty sure you would also be pretty pissed if prices went down to double digits

no. why would I?

macsga

legendary

Activity: 1484

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Strange, yet attractive.

Quote from: ?? on ??

http://cointelegraph.com/news/114714/btcgreece-founder-bitcoin-demand-has-risen

Would really like to see some proper numbers. How much new users is that? 50, 200, 1000?
Also can anyone from Greece actually tells if there is actually such user growth?

According to this article: http://www.lifo.gr/now/digital-life/69865 it seems like the CEO of Bitstamp reported about 79% rise from Greek customers. Talking with a friend today, the main concern is the issuing of IOUs and people try to convert to "assets" instead. There are companies that are willingful to take your euros out of Greece (and put them in an exchange account for you) in order to purchase BTCs from known exchanges.

Never expected it so soon, but Bitcoin seems to gain some *REAL* traction here in Greece.

simmo77

sr. member

Activity: 373

Merit: 250

Quote from: tarmi on July 02, 2015, 07:14:45 AM

double digits are not doom for anyone but bulltards.

bitcoin will be just fine.

I'm pretty sure you would also be pretty pissed if prices went down to double digits

inca

legendary

Activity: 1176

Merit: 1000

Quote from: tarmi on July 02, 2015, 07:14:45 AM

double digits are not doom for anyone but bulltards.

bitcoin will be just fine.

Bitcoin is just fine. The market hasn't priced bitcoin in double digits for two years. Of course you are right and the market is pricing bitcoin incorrectly!

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