Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30441. (Read 26713156 times)
January 08, 2014, 09:02:33 AM
January 08, 2014, 09:00:37 AM
Is there a way to trade on the difference between the two. Thanks from the "new guy"
That is called "arbitrage trading". As far as I can tell, it is happening all the time and is keeping all markets in lockstep, even those of other cryptocoins.
The difference between MtGox and the others seems to be due to the difficulty and cost of getting USD out of there; it cannot be exploted for arbitrage, on the contrary it is arbitrage that keeps the ratio relatively constant in spite of the large price fluctuations.
January 08, 2014, 08:59:54 AM
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.
January 08, 2014, 08:55:23 AM
Please excuse my insistence, but keep in mind that there are (by my estimates from the charts) somewhere between 50,000 and 300,000 bitcoins out there that were last bought in late nov/2013 at 950 USD or more.
Many of the owners of those coins must be speculators that were attracted by the fast and steady rise in price. (True believers presumably bought all they could much earlier.)
Being speculators rather than believers, they must now be looking for a way out of this unpredictable and unregulated roller coaster without losing much money.
Therefore, those owners must be waiting for the price (and enough bids) to get back to the 1000 USD level to sell their thousands of coins. (There is no reason to assume that the asks in the exchanges' books represent the true volume of coins that will be sold at those prices).
Therefore I expect the price to wander at or below that mark for quite a while. Note that thesuckers new investors who will buy those coins will be in the same situation.
Many of the owners of those coins must be speculators that were attracted by the fast and steady rise in price. (True believers presumably bought all they could much earlier.)
Being speculators rather than believers, they must now be looking for a way out of this unpredictable and unregulated roller coaster without losing much money.
Therefore, those owners must be waiting for the price (and enough bids) to get back to the 1000 USD level to sell their thousands of coins. (There is no reason to assume that the asks in the exchanges' books represent the true volume of coins that will be sold at those prices).
Therefore I expect the price to wander at or below that mark for quite a while. Note that the
What makes you think that new people are here only for profit and not to support great idea which bitcoin is.
January 08, 2014, 08:53:46 AM
Widening gap mean what , we go up or down 
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"
January 08, 2014, 08:53:20 AM
Bobby Lee sounds pretty optimistic.
http://www.reddit.com/r/Bitcoin/comments/1up06f/fyi_update_email_from_btc_china_today/
http://www.reddit.com/r/Bitcoin/comments/1up06f/fyi_update_email_from_btc_china_today/
read it last night, linked it here as well. Tera felt it was repetition of stuff already mentioned. Others explained to me how the negative commission for market makers worked seems all around interesting. I mean it is not impossible he's just putting on a front. All the while knowing its closing down...but I doubt it will and huobi is the volume holder so it really depends on how they get cracked down upon if a crack down appears.
Now really , do you believe the volume houbi shows?
I doubt they trade more than 10 coins per day there.
It may be a honeypot.
January 08, 2014, 08:52:17 AM
Please excuse my insistence, but keep in mind that there are (by my estimates from the charts) somewhere between 50,000 and 300,000 bitcoins out there that were last bought in late nov/2013 at 950 USD or more.
Many of the owners of those coins must be speculators that were attracted by the fast and steady rise in price. (True believers presumably bought all they could much earlier.)
Being speculators rather than believers, they must now be looking for a way out of this unpredictable and unregulated roller coaster without losing much money.
Therefore, those owners must be waiting for the price (and enough bids) to get back to the 1000 USD level to sell their thousands of coins. (There is no reason to assume that the asks in the exchanges' books represent the true volume of coins that will be sold at those prices).
Therefore I expect the price to wander at or below that mark for quite a while. Note that thesuckers new investors who will buy those coins will be in the same situation.
Many of the owners of those coins must be speculators that were attracted by the fast and steady rise in price. (True believers presumably bought all they could much earlier.)
Being speculators rather than believers, they must now be looking for a way out of this unpredictable and unregulated roller coaster without losing much money.
Therefore, those owners must be waiting for the price (and enough bids) to get back to the 1000 USD level to sell their thousands of coins. (There is no reason to assume that the asks in the exchanges' books represent the true volume of coins that will be sold at those prices).
Therefore I expect the price to wander at or below that mark for quite a while. Note that the
January 08, 2014, 08:49:30 AM
Widening gap mean what , we go up or down
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"
January 08, 2014, 08:40:23 AM
I've had about USD500 go missing from Gox after cancelling a buy order earlier today.
NOT HAPPY!
NOT HAPPY!
have you looked at the trade history?
I cancelled a buy once after it started buying, instead of just halting where it was - it sold back what I bought at market to unwind the entire order.
January 08, 2014, 08:30:53 AM
$140 between stamp and gox... this is getting just ridiculous
Gox seems not to function properly at the moment, high lag and almost no trades coming through.I've had about USD500 go missing from Gox after cancelling a buy order earlier today.
NOT HAPPY!
January 08, 2014, 08:19:16 AM
January 08, 2014, 08:19:03 AM
Gox waiting for buddy Stamp. Will someone please let Stamp out to play?
January 08, 2014, 08:10:45 AM
Widening gap mean what , we go up or down
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.
January 08, 2014, 07:43:45 AM
$140 between stamp and gox... this is getting just ridiculous
Gox seems not to function properly at the moment, high lag and almost no trades coming through. 
January 08, 2014, 07:41:40 AM
$140 between stamp and gox... this is getting just ridiculous
Widening gap mean what , we go up or down
January 08, 2014, 07:40:30 AM
$140 between stamp and gox... this is getting just ridiculous
January 08, 2014, 07:18:48 AM
Bobby Lee sounds pretty optimistic.
http://www.reddit.com/r/Bitcoin/comments/1up06f/fyi_update_email_from_btc_china_today/
http://www.reddit.com/r/Bitcoin/comments/1up06f/fyi_update_email_from_btc_china_today/
read it last night, linked it here as well. Tera felt it was repetition of stuff already mentioned. Others explained to me how the negative commission for market makers worked seems all around interesting. I mean it is not impossible he's just putting on a front. All the while knowing its closing down...but I doubt it will and huobi is the volume holder so it really depends on how they get cracked down upon if a crack down appears.
Will china keep us busy the whole of January? Would've thought China wasnt that importing anymore, but i guess i was wrong.
IMO unless you believe huobi is faking the volume ( least tinfoil is bots self trading @ 0%) , then it is insane to not take caution noticing they have a 54% of the btc volume. then its btc-e 12.11%, stamp 11.79%, btcchina 7.99%, gox 7.60%.
So yeah it ain't over till the PBOC sing.
Also if its fake volume..then when proven true it would reveal there are less coins in the market then some think.. which would likely cause a price rise.
January 08, 2014, 07:18:02 AM
My dirty secret is that I actually have Bitcoins at all times, no matter how doomed Bitcoin may be. 
January 08, 2014, 07:12:21 AM
that being said, i'm sure the real experts, that is the ones who have no need to post here at all, are more than fine.
How do you think the real experts calculated the extended trend we have for the last three weeks (which you might call an over-extended bull trap but which I think is now a long-term uptrend)?
EDIT: ...setting the shape of a long-term uptrend.
January 08, 2014, 07:11:18 AM
Bobby Lee sounds pretty optimistic.
http://www.reddit.com/r/Bitcoin/comments/1up06f/fyi_update_email_from_btc_china_today/
http://www.reddit.com/r/Bitcoin/comments/1up06f/fyi_update_email_from_btc_china_today/
read it last night, linked it here as well. Tera felt it was repetition of stuff already mentioned. Others explained to me how the negative commission for market makers worked seems all around interesting. I mean it is not impossible he's just putting on a front. All the while knowing its closing down...but I doubt it will and huobi is the volume holder so it really depends on how they get cracked down upon if a crack down appears.
Now really , do you believe the volume houbi shows?
I doubt they trade more than 10 coins per day there.
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