Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30041. (Read 26720665 times)

That's not strange. That is expected behavior at Gox.

Anyone noticed the strange under market price sales @ gox? Sales show both at bitcoinwisom and clarkmoody.

Gox:

23:13:37   921.20000   0.8606
23:13:37   921.90504   0.5000
23:13:37   921.91005   0.0100
23:13:37   922.00000   0.5335
23:12:24   922.00000   0.4000
23:12:10   901.03210   2.0000
23:12:10   906.00000   1.0000
23:12:10   906.02000   0.5519
23:11:46   922.00000   0.0510

any joy?

Had to un-ignore you on the chance you wrote something genius. thanks for living up to the past.

Explanation

It doesn't look like anyone is following anyone at the moment. We are all running in place. There is enough new fiat coming into the exchanges to buy up any excess supply of bitcoins and besides that everyone is just staring at everyone else.

The only people who may be watching China are day traders on other exchanges hoping anxiously to be on the right side the next move.

What a rather sheeplike thing to say.

sheep are sheep, I've been hodling no following required.

I think he misunderstood my post. The question was "Why are we following China?", considering that everyone knows their volume is hyperinflated by no transaction fees.

Sorry, Jorge but while you're correct in your scenario its not really arbitrage: your scenario is based on making profit by the market moving appropriately, not by exploiting different exchange rates.

I may as well wait for the price to move on Bitstamp and buy and sell there.

Unless you have a contact in China with the appropriate bank accounts, it can't be done.  And why would someone in China do it, a Westerner brings nothing to the table needed for the process.

As I said, your academic approach is all very well but you should actually try trading in this environment.

Seems to me that Bitcoin land is infested with sharks, snakes, and just plain old crooks. Possibly the unique combination of 'financial trades' and practically no regulation are proving to be the magnet attracting so many of these types. Bitcoin already has a history of exchanges and other ventures going 'bust' and vanishing with everyone's Geld. With Mt Gox still having the image of being the 'go to' exchange for Bitcoin trading at least in the minds of much of the media and most laymen, it would be bad news indeed if Mt Gox were to go the same way.

I am hoping that my instincts are serving me well in allowing me to feel comfortable in having a sizeable sum of USD in my account at Bitstamp. (was Unicredit not on the list of Euro banks in trouble?)

Did another one for 1 BTC and still none in Blockchain. So it looks that they refund meant f'all for me.

They have refunded mine for 10.89 BTC withdrawal that was nowhere for 8 days, I just tried to withdraw half of that, it was some 10 minutes ago and it's still not in blockchain.

Looks like another period of waiting for my BTC is in front of me.

BTC-E higer than Bitstamp first time since....  

Edit: Darn well I think there was a brief moment....

Explanation

that's snow joke!  

(be safe)

Great...Much snow headed our way:

Er... Actually it's not FUD, it's actually true - and Gox admit there are problems, this is what the site itself says:

"Update - Statement Regarding BTC Withdrawal Delays

Dear MtGox Customers,

As noted recently, we are currently experiencing a problem where some bitcoin withdrawals are not being transferred correctly, affecting a limited number of users. Currently the problem is being fixed, but many previous transactions did not go through over the past days. Those transactions have now been returned to customer accounts in full, so any transactions that appeared to be "stuck" should now be refunded.

This problem applies primarily to larger transactions, so we appreciate your patience as we fix the issue. Smaller transactions should be fine in the meantime, and we will update you on the status as soon as possible.

Thank you for your patience.

Best Regards,

MtGox Team"

But the above is not true, I understand Seleme on here is still waiting - and of four withdrawals (which I wouldn't call large) which I have made in the past two weeks, three were a week late and one today (1.4 BTC) is yet again stuck and not on the blockchain.

There is a problem and it is getting worse.  Late withdrawals are not being refunded they are (finally, so far) turning up where they were sent.

It is not good for market confidence and is at least 2 weeks old and not improving.  My own experience is that 100% of my last three withdrawals disappeared when they were listed as 'sent' by Gox and removed from my account.

The BTC-e thing was pretty obviously malicious FUD, but the Gox issue is live and frankly, worrying to a nervous market.

Welcome...

here is a welcome from some other guys on the forum too...

I guess his posts were actually good for something then.

Welcome.  We need more rational minds around here.