Fiat will always pile up on Mt.Gox because you can't withdraw. The surplus of fiat is no surprise. What makes Mt. Gox bullish is the lack of coins on offer. The coins are on stamp, btce, bfx, or in china.
Yes I agree. The bid depth on gox is much less significant now that you cannot withdraw. The fact that there are $35M bids there now (up from $22M in april), means that in the past 9 months at least $13M has been deposited there. That is it. Meanwhile with the bid at stamp growing from $1M to $21M, it means that at least $20M has been deposited but probably MUCH MORE if you count WITHDRAWALS - it could be more like $200M has been deposited at stamp. All of these services including coinbase, ATMs, and bitfinex interface with stamp and I think bitfiex alone probably has to do this biweekly batch transfer of millions of dollars to stamp. 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30431. (Read 26712937 times)
January 08, 2014, 10:16:43 PM
January 08, 2014, 10:10:00 PM
Fiat will always pile up on Mt.Gox because you can't withdraw. The surplus of fiat is no surprise. What makes Mt. Gox bullish is the lack of coins on offer. The coins are on stamp, btce, bfx, or in china.
January 08, 2014, 10:02:24 PM
January 08, 2014, 09:47:58 PM
The market doesn't wanna make a decision. Some news might make it for it?
January 08, 2014, 09:43:07 PM
Anyone care to explain these graphs?
are you familiar with 2-dimensional bid/ask spreads?
No, unfortunately not
January 08, 2014, 09:39:57 PM
Anyone care to explain these graphs?
Did you try clicking "Explanation" provided by Chartbuddy?
January 08, 2014, 09:38:58 PM
Anyone care to explain these graphs?
Did you try clicking "Explanation" provided by Chartbuddy?
January 08, 2014, 09:34:51 PM
Anyone care to explain these graphs?
they're historical bid/ask spreads with the time axis going into the figure in the perceived third dimension.
are you familiar with 2-dimensional bid/ask spreads?
January 08, 2014, 09:28:41 PM
Anyone care to explain these graphs?
January 08, 2014, 09:08:57 PM
That 12 hour interval = 
January 08, 2014, 09:02:29 PM
January 08, 2014, 08:50:18 PM
On Gox during moments when the price could go either way there are a lot of buys/sells for .01 bitcoin going on, which to me looks bot generated.
Are these people all using the same bot? If so anyone know which one it is?
i'm no expert in that regard so i don't know what bot they use.Are these people all using the same bot? If so anyone know which one it is?
only one that was mentioned once in a while here is butter-bot (https://bitcointalksearch.org/topic/closed-butter-bot-premier-bitstamp-and-btc-e-ema-trading-platform-closed-197175)
January 08, 2014, 08:25:57 PM
On Gox during moments when the price could go either way there are a lot of buys/sells for .01 bitcoin going on, which to me looks bot generated.
Are these people all using the same bot? If so anyone know which one it is?
Are these people all using the same bot? If so anyone know which one it is?
January 08, 2014, 08:07:36 PM
They have increased but not enough. The btc amount local to the price is very low. High volume would eat through all these bids like butter.
The real reason for the current price can be found on the ASK side.
The real reason for the current price can be found on the ASK side.
January 08, 2014, 08:02:27 PM
January 08, 2014, 07:55:53 PM
Hey Bitcoin gods. I'm doing the longest time thing and all. But I'd like to get filthy rich tonight, so would you mind hurrying up 
You'll have to w8 a bit , the guys in rpietila lounge are talking about a drop to 500 =))))
The girls aren't though.
I don't think we will ever see 500 again! Even BitChicksHusband thinks I am overly bullish and a little too exuberant at times so keep that in mind. I could be totally wrong. Bids are at an all time high in dollar terms on gox:
January 08, 2014, 07:53:17 PM
Hey Bitcoin gods. I'm doing the longest time thing and all. But I'd like to get filthy rich tonight, so would you mind hurrying up
You'll have to w8 a bit , the guys in rpietila lounge are talking about a drop to 500 =))))
The girls aren't though.
I don't think we will ever see 500 again! Even BitChicksHusband thinks I am overly bullish and a little too exuberant at times so keep that in mind. I could be totally wrong. 
January 08, 2014, 07:46:01 PM
In my country we have "rooster fights" in a cockpit arena. There is no escrow. You just need to look for a person who wants to take your bet and it's on. No escrow, no contract, claim stubs just words of a real man.
With the difference that if someone stiffs you, you can knife them in the kidneys.
Any serious bet from anyone who knows that they're doing will have the stakes held by a third party. And there's a reason bookies are popular.
January 08, 2014, 07:36:10 PM
In my country we have "rooster fights" in a cockpit arena. There is no escrow. You just need to look for a person who wants to take your bet and it's on. No escrow, no contract, claim stubs just words of a real man.
January 08, 2014, 07:35:07 PM
Hey Bitcoin gods. I'm doing the longest time thing and all. But I'd like to get filthy rich tonight, so would you mind hurrying up
You'll have to w8 a bit , the guys in rpietila lounge are talking about a drop to 500 =))))
The girls aren't though.
I don't think we will ever see 500 again! Even BitChicksHusband thinks I am overly bullish and a little too exuberant at times so keep that in mind. I could be totally wrong. Jump to: