Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21891. (Read 26610792 times)

Great rise but looks very fishy. Maybe big fraud with stolen $ at btc-e? Some big whale account hacked etc.?
I wish we'll know the reason of this rocket:-D

Great rise but looks very fishy. Maybe big fraud with stolen $ at btc-e? Some big whale account hacked etc.?
I wish we'll know the reason of this rocket:-D

Great rise but looks very fishy. Maybe big fraud with stolen $ at btc-e? Some big whale account hacked etc.?
I wish we'll know the reason of this rocket:-D

Great rise but looks very fishy. Maybe big fraud with stolen $ at btc-e? Some big whale account hacked etc.?
I wish we'll know the reason of this rocket:-D

Isn't it a walled garden though? Virtually nothing can get in and out. It'll be fun to look at but won't have much relevance for any other market.

Great rise but looks very fishy. Maybe big fraud with stolen $ at btc-e? Some big whale account hacked etc.?
I wish we'll know the reason of this rocket:-D

Isn't it a walled garden though? Virtually nothing can get in and out. It'll be fun to look at but won't have much relevance for any other market.

"What ensures that the price of the ETF shares closely tracks the value of the underlying assets held by the Trust, is that specialized "Authorized Participants" have the ability to either create new ETF shares at any time by delivering a "basket" of the underlying asset (Gold, in the case of the Gold Trust, or a specified number of shares of every company in the S&P500 Index, in the case of an S&P500-tracking ETF, or bitcoins, in the case of the BIT Trust) to the ETF itself; or, alternatively, at any time the same Authorized Participants have the right to put a "basket" of shares back to the ETF to have them redeemed out in-kind for the set number of bitcoins per share.  So, if the price of the BIT Trust gets out of line one way or the other with the underlying price of Bitcoins, it's risk-free money for the Authorized Participants to either buy and contribute more bitcoins to the Trust in exchange for new shares that the AP can then sell at a profit (if the ETF is trading "too high" relative to the underlying price of Bitcoins), or can buy up ETF shares at a discount and immediately cash them in for the Bitcoins which it will sell at a profit (if the ETF is trading "too low" relative to the underlying price of Bitcoins) -- it's this built-in arbitrage opportunity which keeps the price of the ETF closely in line with the price of the underlying."

I almost placed a 3x leveraged short at 229$, but was too lazy to press the margin sell button.
Thought I had time until tomorrow to reach 229$, but now I'll have to wait a bit and see how this situation develops.

Did anyone watch the actual trades?

I would guess that it started with a buy of ~970 BTC at 21:06.  Then there were buys of ~200 BTC each at 21:09 and 21:19, another buy of ~1000 BTC at 21:36, and perhaps one of ~1000 BTC at 21:38 (all times UTC).  The rest of the volume may have been just reactions to those buys.  So, my guess is that the maybe 2400--3500 BTC total.

But it is not over yet, it seems...

BTC/USD   buy   80 BTC   238.1 USD   19048 USD   28.04.15 01:19

BTC/USD   sell   84.4 BTC   250.7 USD   21159.08 USD   28.04.15 00:37

BTC/USD   buy   81.2158 BTC   234.094 USD   19012.1314852 USD   28.04.15 00:20

BTC/USD   sell   78.84 BTC   250.873 USD   19778.82732 USD   28.04.15 00:09

BTC/USD   buy   79 BTC   223 USD   17617 USD   28.04.15 00:08

Of course you do,  you silly camel fucker.

(because in real life, I am sure you are a real charmer)

The fuckery with BTC-E is too strong, I'll wait it out a little bit, but if it goes higher I'll short the hell out of it  

between being kind and pleasant to idiots on bitcointalk and being rich in reality...I choose rich every fucking day.

shorters going full on retard

.6% daily

reloading bitfinex btc reserves so more idiots can borrow at these rates

screen caps of your flawless trading or it didn't happen.

Like someone has insider info about institutional demand of GBTC and bought up all the cheap coins for themselves.

it's like 220% i'd hope your credit cards are lower..

not that i expect them to keep these coins borrowed for the full 30 days but i've been surprised before