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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29326. (Read 26686271 times)

hero member
Activity: 686
Merit: 500
Ultranode
Stamp below BTCe? What is this sorcery?
legendary
Activity: 1552
Merit: 1047
Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :Grin

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

Yeah, I know all exchanges are risk but it's a risk I have to make, otherwise I'd still have 8 BTC worth 5k$
So you traded yourself up more than 10x your initial investment?

Much more, around 70 fold in Bitcoin since end of March 2013. If I would turn all fiat, alts, shares etc in Bitcoins I'd collect over 500 BTC now.
It's easier to trade small amounts but I have to applaud your trading skills, this is pretty amazing.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

Quote
Open Orders
Last Trade Price: 0.279 ฿ (Gox/Bitstamp: 0.301) Vol: 29439 GOXBTC[/q]

From what I've monitored, that is the entire FauxBTC volume since bitcoinbuilder started operating. So not quite 1200 BTC but faux coins, which is, still, a very nice sum.

So not in last 24 hours? Anyway, still great stuff.
legendary
Activity: 1552
Merit: 1047
we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

Good idea wasn't it. I need to start working on a jump to conclusions mat.

Don't think he made 1200 BTC though. Volume is 29500 give or take but that's Goxcoins. If we take the day's average it's probably 1/4th to 1/3rd BTC each. 2% of that is 147~197 BTC in fees. Not a bad day's work, obviously.
Fee is 4%, it's 2% from each side. He probably accumulates half BTC and half goxBTC.
hero member
Activity: 1260
Merit: 505
Age Of Mars | GameFI Virtual colonization of Mars
Geez bitcoinbuilder prices now below 0.3

Someone seems to know something

We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy.

Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc.

I've bought quite a lot (for me) as a gamble.
Only snagged 2 of them at .19 but have bought some at .25 and some yesterday in the 30's but I've also traded back and forth a few times for quite a nice gain.

At this point I'm gambling but I like the odds. I think the price drop today can be explained by arbitrage kicking in. For several days you could double your money if you could get fiat into Gox and out through builder. There must've been a bunch of people with healthy stacks who wanted a piece of that action. Thousands of coins going out through builder is now bringing the price in line with the real rate (those who bought at 90~100$) can afford to dump at .18 or so and come out slightly ahead. Either way they probably wouldn't want to stay in Gox coins longer than they need to.

Nice, happy for you. I have just one question, my Gox account in not yet validated. Is it possible for me to receive Goxcoins now? And is it possible for me to withdraw goxcoins to bbuilder site?

Be happy for me when it works  Cheesy It can all end in tears, too.
You can certainly receive coins with any account, but I would be a bit hesitant considering the verification process can take a very very long time. If you're not in a hurry, it's worth a go, but my price threshold would be much lower if I was buying unverified. Below .2 maybe.
sr. member
Activity: 397
Merit: 250
we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

Quote
Open Orders
Last Trade Price: 0.279 ฿ (Gox/Bitstamp: 0.301) Vol: 29439 GOXBTC

From what I've monitored, that is the entire FauxBTC volume since bitcoinbuilder started operating. So not quite 1200 BTC but faux coins, which is, still, a very nice sum.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :Grin

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

Yeah, I know all exchanges are risk but it's a risk I have to make, otherwise I'd still have 8 BTC worth 5k$
So you traded yourself up more than 10x your initial investment?

Much more, around 70 fold in Bitcoin since end of March 2013. If I would turn all fiat, alts, shares etc in Bitcoins I'd collect over 500 BTC now.
hero member
Activity: 1260
Merit: 505
Age Of Mars | GameFI Virtual colonization of Mars
we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

Good idea wasn't it. I need to start working on a jump to conclusions mat.

Don't think he made 1200 BTC though. Volume is 29500 give or take but that's Goxcoins. If we take the day's average it's probably 1/4th to 1/3rd BTC each. 2% of that is 147~197 BTC in fees. Not a bad day's work, obviously.
legendary
Activity: 1008
Merit: 1000
we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

I haven't been looking to closely at the bitcoinbuilder thing... are people placing a lot of trust in the guy who built it?
legendary
Activity: 1552
Merit: 1047
Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :Grin

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

Yeah, I know all exchanges are risk but it's a risk I have to make, otherwise I'd still have 8 BTC worth 5k$
So you traded yourself up more than 10x your initial investment?
legendary
Activity: 1078
Merit: 1441
That's a thoughtful analysis. The reason I doubt corpcoin will unseat Bitcoin is because so few companies are able to leverage their market position into other growth industries.  Microsoft had max leverage and gave us Office and XBox, but almost all of their other dozens of attempts fell flat. Google gives us Google Plus and almost as many other failed examples. MySpace didn't get creamed by Yahoo, but by another nimble startup, FB. There's danger in straying too far from your core competencies.  There are exceptions, of course. Who would have thought 20 years ago that Apple would be a phone company? Still, Apple and Facebook are the exceptions that prove the rule.

MS still rules the roost in operating systems and Bitcoin will likely do the same for Crypto. The differences are they are at vastly different stages in their life-cycle, but more importantly Bitcoin by virtue of being a distributed autonomous corporation is immune to rent-seeking behavior of it's management. 

I am inclined to agree with you as far as corpcoin and made a similar point myself earlier about the "ones that got away" for Google.
sr. member
Activity: 397
Merit: 250
Geez bitcoinbuilder prices now below 0.3

Someone seems to know something

We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy.

Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc.

I've bought quite a lot (for me) as a gamble.
Only snagged 2 of them at .19 but have bought some at .25 and some yesterday in the 30's but I've also traded back and forth a few times for quite a nice gain.

At this point I'm gambling but I like the odds. I think the price drop today can be explained by arbitrage kicking in. For several days you could double your money if you could get fiat into Gox and out through builder. There must've been a bunch of people with healthy stacks who wanted a piece of that action. Thousands of coins going out through builder is now bringing the price in line with the real rate (those who bought at 90~100$) can afford to dump at .18 or so and come out slightly ahead. Either way they probably wouldn't want to stay in Gox coins longer than they need to.

Nice, happy for you. I have just one question, my Gox account in not yet validated. Is it possible for me to receive Goxcoins now? And is it possible for me to withdraw goxcoins to bbuilder site?
hero member
Activity: 728
Merit: 500
287623 moved > 10k BTC.  Interesting....

Noted, thanks Wink
legendary
Activity: 2772
Merit: 1028
Duelbits.com
we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :Grin

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

Yeah, I know all exchanges are risk but it's a risk I have to make, otherwise I'd still have 8 BTC worth 5k$
hero member
Activity: 924
Merit: 1000
I bought pi goxcoins for 1/pi bitcoins each, just for fun.

I yearn for a complex wallet.


I bit and bought 6 Goxcoins for 1.5BTC. Let's hope that Tux really has some magical properties.
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :Grin

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
287623 moved > 10k BTC.  Interesting....
hero member
Activity: 1260
Merit: 505
Age Of Mars | GameFI Virtual colonization of Mars
Geez bitcoinbuilder prices now below 0.3

Someone seems to know something

We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy.

Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc.

I've bought quite a lot (for me) as a gamble.
Only snagged 2 of them at .19 but have bought some at .25 and some yesterday in the 30's but I've also traded back and forth a few times for quite a nice gain.

At this point I'm gambling but I like the odds. I think the price drop today can be explained by arbitrage kicking in. For several days you could double your money if you could get fiat into Gox and out through builder. There must've been a bunch of people with healthy stacks who wanted a piece of that action. Thousands of coins going out through builder is now bringing the price in line with the real rate (those who bought at 90~100$) can afford to dump at .18 or so and come out slightly ahead. Either way they probably wouldn't want to stay in Gox coins longer than they need to.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :Grin
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