Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26594.

minerpumpkin

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Quote from: adamstgBit on July 29, 2014, 11:35:13 AM

Quote from: minerpumpkin on July 29, 2014, 11:31:04 AM

Yeah, let the free market do that, I guess. I think it's not that profitable anyways for the regular trader. Guess it's more a gamble than actual arbitrage Cheesy

highly sophisticated systematic gambling, i'm sure they have a few tricks / number crunching to make it less of a gamble and more like scalping volatility across exchanges

So.... gambling? Cheesy

In other news: We're going back down again? Huge/Medium dumps on $578? Seems fragile. Is this going to be a quintiple bottom, or will we see $550? Dark times, ahead, I guess...

adamstgBit

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Quote from: minerpumpkin on July 29, 2014, 11:31:04 AM

Quote from: adamstgBit on July 29, 2014, 11:21:53 AM

Quote from: minerpumpkin on July 29, 2014, 11:16:24 AM

Quote from: adamstgBit on July 29, 2014, 11:12:48 AM

Quote from: minerpumpkin on July 29, 2014, 10:39:21 AM

Quote from: Tzupy on July 29, 2014, 10:33:11 AM

Quote from: minerpumpkin on July 29, 2014, 10:25:23 AM

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

i think most of the arbitrage happens with bitfenix, which is currently lagging but moving in the right direction.

Yeah, Finex is at least following China a bit. But I still don't see any significant movement, to be honest... Hasn't Finex stopped arbitraging with Stamp?

ya they only do USD/CNY arb. and let the free market do the Stamps/Finex arb.

Yeah, let the free market do that, I guess. I think it's not that profitable anyways for the regular trader. Guess it's more a gamble than actual arbitrage Cheesy

highly sophisticated systematic gambling, i'm sure they have a few tricks / number crunching to make it less of a gamble and more like scalping volatility across exchanges

minerpumpkin

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Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: adamstgBit on July 29, 2014, 11:21:53 AM

Quote from: minerpumpkin on July 29, 2014, 11:16:24 AM

Quote from: adamstgBit on July 29, 2014, 11:12:48 AM

Quote from: minerpumpkin on July 29, 2014, 10:39:21 AM

Quote from: Tzupy on July 29, 2014, 10:33:11 AM

Quote from: minerpumpkin on July 29, 2014, 10:25:23 AM

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

i think most of the arbitrage happens with bitfenix, which is currently lagging but moving in the right direction.

Yeah, Finex is at least following China a bit. But I still don't see any significant movement, to be honest... Hasn't Finex stopped arbitraging with Stamp?

ya they only do USD/CNY arb. and let the free market do the Stamps/Finex arb.

Yeah, let the free market do that, I guess. I think it's not that profitable anyways for the regular trader. Guess it's more a gamble than actual arbitrage Cheesy

adamstgBit

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Quote from: minerpumpkin on July 29, 2014, 11:16:24 AM

Quote from: adamstgBit on July 29, 2014, 11:12:48 AM

Quote from: minerpumpkin on July 29, 2014, 10:39:21 AM

Quote from: Tzupy on July 29, 2014, 10:33:11 AM

Quote from: minerpumpkin on July 29, 2014, 10:25:23 AM

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

i think most of the arbitrage happens with bitfenix, which is currently lagging but moving in the right direction.

Yeah, Finex is at least following China a bit. But I still don't see any significant movement, to be honest... Hasn't Finex stopped arbitraging with Stamp?

ya they only do USD/CNY arb. and let the free market do the Stamps/Finex arb.

adamstgBit

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its no use, so what chinese poeple are buying coin, the fact remains that bitcoin is going to go down down down, because china.

ensurance982

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Quote from: hdbuck on July 29, 2014, 11:10:57 AM

you know something's up when folks in the wall observer thread talks about AM.. Grin

Yeah, let's hope FC brings those PH to live! I wonder how long it will take them to get back on track!

minerpumpkin

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Activity: 686

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A pumpkin mines 27 hours a night

Quote from: adamstgBit on July 29, 2014, 11:12:48 AM

Quote from: minerpumpkin on July 29, 2014, 10:39:21 AM

Quote from: Tzupy on July 29, 2014, 10:33:11 AM

Quote from: minerpumpkin on July 29, 2014, 10:25:23 AM

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

i think most of the arbitrage happens with bitfenix, which is currently lagging but moving in the right direction.

Yeah, Finex is at least following China a bit. But I still don't see any significant movement, to be honest... Hasn't Finex stopped arbitraging with Stamp?

ensurance982

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Trust me!

Quote from: dreamspark on July 29, 2014, 11:10:07 AM

Quote from: ensurance982 on July 29, 2014, 11:02:18 AM

Quote from: dreamspark on July 29, 2014, 10:59:01 AM

Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.

Ah OK, wasn't sure. But 4% seems like a huge markup for a rather large mining operation like ASICMiner. Maybe they're better off solo-mining, then. Do you think they could have made a deal with Discus Fish for lower fees, though?

Yeah for sure, thats why the ASICminer angle has some credibilty, if your bringing petahashes of mining power they wont be charging you as high of a fee.

1% of $100 is better than 4% of $10 (crude example!)

Yeah, being a big pool makes your rate of hitting a block more predictable. Also you gain exposure, which is good. Why do you think people join Discus Fish if it has such a high fee, if there are other pools with lower or even no fee???

adamstgBit

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Quote from: minerpumpkin on July 29, 2014, 10:39:21 AM

Quote from: Tzupy on July 29, 2014, 10:33:11 AM

Quote from: minerpumpkin on July 29, 2014, 10:25:23 AM

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

i think most of the arbitrage happens with bitfenix, which is currently lagging but moving in the right direction.

hdbuck

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you know something's up when folks in the wall observer thread talks about AM.. Grin

dreamspark

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Quote from: ensurance982 on July 29, 2014, 11:02:18 AM

Quote from: dreamspark on July 29, 2014, 10:59:01 AM

Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.

Ah OK, wasn't sure. But 4% seems like a huge markup for a rather large mining operation like ASICMiner. Maybe they're better off solo-mining, then. Do you think they could have made a deal with Discus Fish for lower fees, though?

Yeah for sure, thats why the ASICminer angle has some credibilty, if your bringing petahashes of mining power they wont be charging you as high of a fee.

1% of $100 is better than 4% of $10 (crude example!)

InstantBitcoin

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ensurance982

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Quote from: dreamspark on July 29, 2014, 10:59:01 AM

Quote from: ensurance982 on July 29, 2014, 10:56:30 AM

Quote from: beaconpcguru on July 29, 2014, 10:52:31 AM

Quote from: dreamspark on July 29, 2014, 07:35:22 AM

Quote from: spooderman on July 29, 2014, 07:12:27 AM

~~Wow discus fish looking to overtake Ghash soon!~~

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50% Wink

I subscribe to this theory as well. Catalyst to change coming.

ASICMiner supposedly also started mining with a farm of their own in mid-July again - https://bitcointalksearch.org/topic/m.8079787. So there's gotta be some Hashpower coming from them as well. Discus Fish is some private Chinese pool, isn't it? It would make sense for Friedcat to mine there!

Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.

Ah OK, wasn't sure. But 4% seems like a huge markup for a rather large mining operation like ASICMiner. Maybe they're better off solo-mining, then. Do you think they could have made a deal with Discus Fish for lower fees, though?

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

dreamspark

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Quote from: ensurance982 on July 29, 2014, 10:56:30 AM

Quote from: beaconpcguru on July 29, 2014, 10:52:31 AM

Quote from: dreamspark on July 29, 2014, 07:35:22 AM

Quote from: spooderman on July 29, 2014, 07:12:27 AM

~~Wow discus fish looking to overtake Ghash soon!~~

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50% Wink

I subscribe to this theory as well. Catalyst to change coming.

ASICMiner supposedly also started mining with a farm of their own in mid-July again - https://bitcointalksearch.org/topic/m.8079787. So there's gotta be some Hashpower coming from them as well. Discus Fish is some private Chinese pool, isn't it? It would make sense for Friedcat to mine there!

Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.

ensurance982

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Activity: 518

Merit: 500

Trust me!

Quote from: beaconpcguru on July 29, 2014, 10:52:31 AM

Quote from: dreamspark on July 29, 2014, 07:35:22 AM

Quote from: spooderman on July 29, 2014, 07:12:27 AM

~~Wow discus fish looking to overtake Ghash soon!~~

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50% Wink

I subscribe to this theory as well. Catalyst to change coming.

ASICMiner supposedly also started mining with a farm of their own in mid-July again - https://bitcointalksearch.org/topic/m.8079787. So there's gotta be some Hashpower coming from them as well. Discus Fish is some private Chinese pool, isn't it? It would make sense for Friedcat to mine there!

minerpumpkin

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Activity: 686

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A pumpkin mines 27 hours a night

Quote from: beaconpcguru on July 29, 2014, 10:52:31 AM

Quote from: dreamspark on July 29, 2014, 07:35:22 AM

Quote from: spooderman on July 29, 2014, 07:12:27 AM

~~Wow discus fish looking to overtake Ghash soon!~~

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50% Wink

I subscribe to this theory as well. Catalyst to change coming.

Yeah, I'm propagating that theory for weeks, if not months already. I don't know if it is Discus Fish, but you're basically right, that they most probably just moved 20 PH/s to some other pool and indeed already control 60+% of the network already Cheesy

beaconpcguru

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Hello

Quote from: dreamspark on July 29, 2014, 07:35:22 AM

Quote from: spooderman on July 29, 2014, 07:12:27 AM

~~Wow discus fish looking to overtake Ghash soon!~~

Wow Ghash have moved a load of their mining power to discuss fish to make it look as though they don't own 50% Wink

I subscribe to this theory as well. Catalyst to change coming.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: minerpumpkin on July 29, 2014, 10:39:21 AM

Quote from: Tzupy on July 29, 2014, 10:33:11 AM

Quote from: minerpumpkin on July 29, 2014, 10:25:23 AM

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

Yeah, it does look different! I also got the feeling that months ago the markets were more closely tied together somehow!

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: Tzupy on July 29, 2014, 10:33:11 AM

Quote from: minerpumpkin on July 29, 2014, 10:25:23 AM

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26594. (Read 26609142 times)