Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29889.

creekbore

full member

Activity: 210

Merit: 100

Lazy, cynical and insolent since 1968

Quote from: KFR on February 08, 2014, 11:04:33 AM

Quote from: creekbore on February 08, 2014, 09:52:37 AM

What amazes me is that I lived in the US in the late eighties and kids were saying "awesome" then; its somehow managed to stay in fashion for 30 years and become a lazy global adjective.

Yeah dude that's sick.

Just checking back through.

While I appreciate what you're trying to say there, where I live on planet Earth (a long, long way from the USA) no-one says "dude" or "sick" whereas you will hear "awesome" used to describe the most trivial thing: "look! a blue car", "awesome" and by people of an age and educational background to know far better.

Anyway, seems like pages and pages of the same. I imagine someone is making a killing from all this volatility.

But I'm intrigued as to why there is any trading on EmptyGox, what are people hoping to achieve other providing Mark with frappacino funds?

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: JakeGold on February 09, 2014, 12:50:53 AM

Quote from: adamstgBit on February 08, 2014, 10:36:38 PM

[...] what's a few dollar worth, NOT A DAMN THING.

For now, you can at least trade your $2 for BTC0.004. Again, for now...

Where can I do that? Huh

JakeGold

member

Activity: 96

Merit: 10

Quote from: adamstgBit on February 08, 2014, 10:36:38 PM

[...] what's a few dollar worth, NOT A DAMN THING.

For now, you can at least trade your $2 for BTC0.004. Again, for now...

pungopete468

hero member

Activity: 1470

Merit: 504

Quote from: ?? on ??

Quote from: adamstgBit on February 08, 2014, 10:36:38 PM

I dont know whats going to happen next week, and frankly i don't care, i'm buying, all i care about is supporting an idea. the idea that in the future the poeple will take back the power of money, no more inflation, no more out of control "print and spend", no more completely out of whack stock market due to massive FED manipulation. only truth, backed-up on the blockchain for all to see. this idea is about freedom from financial corruption, this idea is worth dying for, what's a few dollar worth, NOT A DAMN THING.

Sounds like a marshal motivating his kamikaze pilots.

As an inspirational reminder for most of us here today; simply restating the reasons why we're early adopters of Bitcoin in the first place...

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: BitChick on February 09, 2014, 12:02:09 AM

Quote from: 7thKingdom on February 08, 2014, 10:30:44 PM

Anyone know what's the deal is with Coinbase [spread]?

It seems like when there is a big drop in price the spread widens on Coinbase.

+1. Usully a bit of price lag at Coinbase. Seems to me the faster/farther the fall, the wider the spread. One can almost count on never catching Bitstamp's bottom at Coinbase, however if one is a "glass is half full" kind of person he may be mildly happy to occasionally catch Coinbase lower than Bitstamp because Bitstamp has started climbing again before Coinbase catches up.

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: Peter R on February 09, 2014, 12:33:28 AM

Quote from: KFR on February 09, 2014, 12:29:58 AM

Damn, Adam. Well said sir. Cool

+1

especially

Quote

what's a few dollar worth, NOT A DAMN THING.

Bitcoin isn't about money. It's about freedom.

Peter R

legendary

Activity: 1162

Merit: 1007

Quote from: KFR on February 09, 2014, 12:29:58 AM

Damn, Adam. Well said sir. Cool

+1

KFR

hero member

Activity: 560

Merit: 500

Per ardua ad luna

Damn, Adam. Well said sir. Cool

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: adamstgBit on February 08, 2014, 10:36:38 PM

I dont know whats going to happen next week, and frankly i don't care, i'm buying, all i care about is supporting an idea. the idea that in the future the poeple will take back the power of money, no more inflation, no more out of control "print and spend", no more completely out of whack stock market due to massive FED manipulation. only truth, backed-up on the blockchain for all to see. this idea is about freedom from financial corruption, this idea is worth dying for, what's a few dollar worth, NOT A DAMN THING.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

BTW, the price at BTCChina is actually pretty strong right now, it is slightly above Huobi, and pretty far above Stamp and BTC-E

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: keithers on February 09, 2014, 12:08:39 AM

Quote from: BitChick on February 09, 2014, 12:02:09 AM

Quote from: keithers on February 08, 2014, 11:52:22 PM

Quote from: 7thKingdom on February 08, 2014, 10:30:44 PM

Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.

Anyone know what's going on there?

They are just the middle man between the end user and the exchange, so they could be very easily just padding the price, and keeping the margins as profit...

It seems like when there is a big drop in price the spread widens on Coinbase. Perhaps because the demand for coins goes up? I remember last time we had a huge drop they even stopped selling coins for a while because they ran out of coins. So perhaps now they just raise the price a bit so they can keep up with supply and demand.

Yes, I have seen this. This could also be correct.

if you check the btc price on coinbase through bitcoinwisdom.com, it is showing a lower price than the buy price directly on coinbase. So what I said initially about them padding the price and keeping the margin, is very probable...

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Whale wars! Get the popcorn!

Cheesy

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: BitChick on February 09, 2014, 12:02:09 AM

Quote from: keithers on February 08, 2014, 11:52:22 PM

Quote from: 7thKingdom on February 08, 2014, 10:30:44 PM

Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.

Anyone know what's going on there?

They are just the middle man between the end user and the exchange, so they could be very easily just padding the price, and keeping the margins as profit...

It seems like when there is a big drop in price the spread widens on Coinbase. Perhaps because the demand for coins goes up? I remember last time we had a huge drop they even stopped selling coins for a while because they ran out of coins. So perhaps now they just raise the price a bit so they can keep up with supply and demand.

Yes, I have seen this. This could also be correct.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

In each exchange, prices as low as today's were last seen on about
MtGOX Dec 22 Bitstamp Dec 25 BTC-e Dec 29 BTCChina Jan 02 Huobi Jan 07* OKCoin Jan 07*
* Or Jan 02, i we ignore the single-day dip at Jan 07.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: keithers on February 08, 2014, 11:52:22 PM

Quote from: 7thKingdom on February 08, 2014, 10:30:44 PM

Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.

Anyone know what's going on there?

They are just the middle man between the end user and the exchange, so they could be very easily just padding the price, and keeping the margins as profit...

It seems like when there is a big drop in price the spread widens on Coinbase. Perhaps because the demand for coins goes up? I remember last time we had a huge drop they even stopped selling coins for a while because they ran out of coins. So perhaps now they just raise the price a bit so they can keep up with supply and demand.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: 7thKingdom on February 08, 2014, 10:30:44 PM

Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.

Anyone know what's going on there?

They are just the middle man between the end user and the exchange, so they could be very easily just padding the price, and keeping the margins as profit...

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

7thKingdom

member

Activity: 107

Merit: 10

Quote from: Nicholas-Carraway on February 08, 2014, 10:49:39 PM

Quote from: 7thKingdom on February 08, 2014, 10:30:44 PM

Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.

Anyone know what's going on there?

Perhaps they are charging more because they can?

possibly, it just seemed odd since I've never really seen them go out of their way to set their own price, which it seems like their doing here.

It's also setting up a rare arbitrage opportunity between the two. Even after coinbase's high selling fees, there's still a solid $15+ gap between them. Those coins can be flipped pretty damn fast.

relm9

hero member

Activity: 840

Merit: 1000

Quote from: 7thKingdom on February 08, 2014, 10:30:44 PM

Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.

Anyone know what's going on there?

I think the algorithm accounts for price momentum. For example, if the price jumps up by $10 very quickly, they readjust by +$20-30. Don't have any technical data on this but it's just a hunch from what I've seen.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29889. (Read 26709787 times)