Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30433.

medialab101

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Quote from: manfred on January 08, 2014, 08:53:46 AM

Quote from: Bios Optimus on January 08, 2014, 08:49:30 AM

Quote from: JorgeStolfi on January 08, 2014, 08:10:45 AM

Quote from: Ashitank on January 08, 2014, 07:41:40 AM

Widening gap mean what , we go up or down Huh

The gap means that having 1.00 USD in a MtGox account is as good as having ~0.85 USD in a Bitstamp or other exchange's account. The widening means that the "Gox dollar" is losing value.

Is there a way to trade on the difference between the two. Thanks from the "new guy"

Yes if you reside in Japan or have Japan Bank account

I reside in Japan, have a Japanese bank account (in ¥ and USD), have gone through all the bullshit to get 'trusted' status for large withdrawals and I still can't arb. I thought getting trusted automatically gave you the withdrawal increase bump but apparently you have to request it. I requested it over 10 days ago and still no increase. On top of that, the withdrawals I've tried to make in USD to my Japanese account have all been cancelled and support hasn't gotten back to me with an explanation why. THUS, the artificially high prices... impossible to arg Gox I imagine.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Satyre_Noir

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Quote from: niothor on January 08, 2014, 05:56:54 PM

Quote from: Satyre_Noir on January 08, 2014, 05:55:17 PM

Their funds in USA are sized and they are in middle of massive law suit... Gox is dead man.

Look at the trade volume , they have recovered those frozen funds 10x times by now.

maybe they are stashing users funds to pay off 75 000 000$ law suit? I don't think so but what ever they are doing will fail, more and more serious people enter btc market each they, i don't see how they can survive with such bad business practice. Thanks God I'm on Bitstamp.

niothor

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in defi we trust

Quote from: Satyre_Noir on January 08, 2014, 05:55:17 PM

Their funds in USA are sized and they are in middle of massive law suit... Gox is dead man.

Look at the trade volume , they have recovered those frozen funds 10x times by now.

Satyre_Noir

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Their funds in USA are sized and they are in middle of massive law suit... Gox is dead man.

KFR

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Per ardua ad luna

Quote from: seljo on January 08, 2014, 05:24:11 PM

Quote from: ardana123 on January 08, 2014, 04:58:25 PM

Quote from: seljo on January 08, 2014, 04:51:15 PM

Quote from: ardana123 on January 08, 2014, 04:47:01 PM

Anyone think arbitrage with Gox is worth it if you're dealing in euros? Yes you have to wait 6 weeks but it's easy profit. What worries me the most is that Gox might get shut down or something.

Again gox fud. Just don't trade on gox thats easy enough.

What's fud about what I just said?

The last sentence of the first post.

I advised a good friend to pull out of Gox today out of a genuine concern that Gox doesn't feel anywhere near as safe to use - particularly for large sums - as it once was. If they had made any really significant progress in solving their international fiat withdrawal problems it would be different - but their conduct thus far continues to make me queasy. This is entirely subjective but it's honest and it would appear there are more and more people that feel this way.

I share your distaste for FUD however even longterm bulls like myself are allowed to have, and indeed share, our specific concerns.

humanitee

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Quote from: seljo on January 08, 2014, 05:24:11 PM

Quote from: ardana123 on January 08, 2014, 04:58:25 PM

Quote from: seljo on January 08, 2014, 04:51:15 PM

Quote from: ardana123 on January 08, 2014, 04:47:01 PM

Anyone think arbitrage with Gox is worth it if you're dealing in euros? Yes you have to wait 6 weeks but it's easy profit. What worries me the most is that Gox might get shut down or something.

Again gox fud. Just don't trade on gox thats easy enough.

What's fud about what I just said?

The last sentence of the first post.

I don't see how that's FUD. That's why I don't keep coins on any exchange.

seljo

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Quote from: ardana123 on January 08, 2014, 04:58:25 PM

Quote from: seljo on January 08, 2014, 04:51:15 PM

Quote from: ardana123 on January 08, 2014, 04:47:01 PM

Anyone think arbitrage with Gox is worth it if you're dealing in euros? Yes you have to wait 6 weeks but it's easy profit. What worries me the most is that Gox might get shut down or something.

Again gox fud. Just don't trade on gox thats easy enough.

What's fud about what I just said?

The last sentence of the first post.

T.Stuart

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One Token to Move Anything Anywhere

Quote from: QuestionAuthority on January 08, 2014, 05:18:00 PM

Quote from: T.Stuart on January 08, 2014, 05:03:00 PM

Quote from: QuestionAuthority on January 08, 2014, 03:37:51 PM

Is doesn't seem like a smart move to take an unsecured bet with someone that you don't believe will pay. If you lost you would have to pay or be labeled a scammer. He has everything to win and nothing to lose. The most you can hope to do is not lose.

I understand what you are saying but in principle for me:

1. If I make a bet with someone I honour it... not because they need the money but because I keep my word or lose my reputation. An escrow is fine but doesn't change this.

2. Bitcoin was not going so low in so short a time. No question. That's why I took the bet. That's why 8 or so others jumped in also! And if China had announced banning Bitcoin an hour after the bet then bad luck for me.

Contrary to what you say TheCoinBull will lose his reputation if he doesn't pay. That's his choice to make. I'll leave that up to him.

No, I get it. You felt it was a no brainer bet. The payoff for you is watching him destroy his rep. I guess that does have, at least, a sadistic value. Schadenfreude lovers unite! lol

No. First we made a bet for Bitcoin. Then we agreed to pay the escrow. But when he apologised for getting caught in a blizzard or something Cheesy

I just told him what I thought: we made a bet and an escrow doesn't change that from my side and that's that.

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: T.Stuart on January 08, 2014, 05:03:00 PM

Quote from: QuestionAuthority on January 08, 2014, 03:37:51 PM

Is doesn't seem like a smart move to take an unsecured bet with someone that you don't believe will pay. If you lost you would have to pay or be labeled a scammer. He has everything to win and nothing to lose. The most you can hope to do is not lose.

I understand what you are saying but in principle for me:

1. If I make a bet with someone I honour it... not because they need the money but because I keep my word or lose my reputation. An escrow is fine but doesn't change this.

2. Bitcoin was not going so low in so short a time. No question. That's why I took the bet. That's why 8 or so others jumped in also! And if China had announced banning Bitcoin an hour after the bet then bad luck for me.

Contrary to what you say TheCoinBull will lose his reputation if he doesn't pay. That's his choice to make. I'll leave that up to him.

No, I get it. You felt it was a no brainer bet. The payoff for you is watching him destroy his rep. I guess that does have, at least, a sadistic value. Schadenfreude lovers unite! lol

Nightowlace

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Can someone please bring Gox down to Stamps price?

niothor

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in defi we trust

Quote from: KFR on January 08, 2014, 05:10:12 PM

You make the assumption that he cares about that forum account's reputation more than his coins. Wink

It was a good account for starting an IPO , at least it wasn't 1 day old. =))))

T.Stuart

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Quote from: KFR on January 08, 2014, 05:10:12 PM

You make the assumption that he cares about that forum account's reputation more than his coins. Wink

I'm not making any assumption. I don't care. That's his choice!

KFR

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Per ardua ad luna

You make the assumption that he cares about that forum account's reputation more than his coins. Wink

T.Stuart

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One Token to Move Anything Anywhere

Quote from: QuestionAuthority on January 08, 2014, 03:37:51 PM

Is doesn't seem like a smart move to take an unsecured bet with someone that you don't believe will pay. If you lost you would have to pay or be labeled a scammer. He has everything to win and nothing to lose. The most you can hope to do is not lose.

I understand what you are saying but in principle for me:

1. If I make a bet with someone I honour it... not because they need the money but because I keep my word or lose my reputation. An escrow is fine but doesn't change this.

2. Bitcoin was not going so low in so short a time. No question. That's why I took the bet. That's why 8 or so others jumped in also! And if China had announced banning Bitcoin an hour after the bet then bad luck for me.

Contrary to what you say TheCoinBull will lose his reputation if he doesn't pay. That's his choice to make. I'll leave that up to him.

ardana123

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Quote from: seljo on January 08, 2014, 04:51:15 PM

Quote from: ardana123 on January 08, 2014, 04:47:01 PM

Anyone think arbitrage with Gox is worth it if you're dealing in euros? Yes you have to wait 6 weeks but it's easy profit. What worries me the most is that Gox might get shut down or something.

Again gox fud. Just don't trade on gox thats easy enough.

What's fud about what I just said?

seljo

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Hodling since 2011.®

Quote from: ardana123 on January 08, 2014, 04:47:01 PM

Anyone think arbitrage with Gox is worth it if you're dealing in euros? Yes you have to wait 6 weeks but it's easy profit. What worries me the most is that Gox might get shut down or something.

Again gox fud. Just don't trade on gox thats easy enough.

ardana123

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Activity: 504

Merit: 500

Anyone think arbitrage with Gox is worth it if you're dealing in euros? Yes you have to wait 6 weeks but it's easy profit. What worries me the most is that Gox might get shut down or something.

simonk83

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I'd rather see a huge troll get his comeuppance than win 1BTC from him to be honest Wink

niothor

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in defi we trust

Quote from: QuestionAuthority on January 08, 2014, 03:37:51 PM

Quote from: niothor on January 08, 2014, 03:24:58 PM

Quote from: simonk83 on January 08, 2014, 03:13:35 PM

Quote from: Richy_T on January 08, 2014, 02:53:29 PM

Quote from: magicmexican on January 08, 2014, 02:10:56 PM

There is no "just talk" when it comes to making a bet. If you confirm that you really mean it - you mean it.

Matthew Wright got a scammer tag for something similar.

With that said, I wouldn't take any bet as a real thing until escrow was achieved. A person should stick to their word though.

He quoted T.Stuart's post indicating that he accepted the "gentleman's agreement" to send the 1BTC without escrow at the cutoff.

At the very least, he should get a scammer tag, as Matthew did. Otherwise where's the consistency?

https://bitcointalksearch.org/topic/m.4376376

Though as far as I can tell he's had an extra 24 hours over his originally stated cutoff anyway, so he's quite late paying up Wink

I was one of the people who bet against him , I asked him specifically if he is still taking bets at that moment.
But again , I didn't believe for more than 1 second I would get 1BTC and that was when I was falling asleep.

But since I was sure from the start he didn't have the resources to take the best , I'll personally let him go if he helps with my project:
https://bitcointalksearch.org/topic/m.4394568 Grin

Is doesn't seem like a smart move to take an unsecured bet with someone that you don't believe will pay. If you lost you would have to pay or be labeled a scammer. He has everything to win and nothing to lose. The most you can hope to do is not lose.

I took the bet for fun.

Quote from: niothor on January 06, 2014, 03:23:39 PM

Quote from: TheCoinBull on January 06, 2014, 03:01:58 PM

Sure jump on board. Come on ride the train the Bitcoin short train

Quote for confirmation.
I told myself to quit betting. But this looks just like the safest bet ever.
Of course , that's how betting on Sprinter Sacre looked at Kempton and damn that horse made me lose 300$.

I lost 300$ because this horse pulled up. The odds we're 1/6 when I made the bet , I didn't even once think seriously about the profits (50$) ?

Just to make the race more interesting ,and with the 50$ to reach a round number for withdraw, but unfortunately it turned both ugly and messy and boring. also , iI've bet on him for the last 10 races with the same odds , just because i really like how he runs , not for the 1/8 1/10 odds he has won till now.

Besides , If BTC would have reached 750 , I would have lost far more than 750$.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30433. (Read 26713001 times)