Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31968.

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Quote from: justusranvier on November 17, 2013, 03:39:15 PM

Quote from: windjc on November 17, 2013, 03:36:38 PM

$50 spread between Stamp and Gox.

This can't last forever. This is a serious divergence. When we've seen this before it typically resolves itself in a correction.

Talking about spreads in USD terms is pointless. What is it in percentage terms?

The percentage difference is far from unusual... 9.5% now.

haightst

newbie

Activity: 42

Merit: 0

Quote from: Patel on November 17, 2013, 03:38:13 PM

Guys just wait until India gets an exchange. I know so many Indians who give huge discounts if you pay in Bitcoin.

The second largest population of the world still doesn't have an exchange, and when that happens you can bet that the chinese will get a run for their money

Grin

Mumbai !!!! that's right even more $$$ there~ thanks for reminding me!!! Wink

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: windjc on November 17, 2013, 03:36:38 PM

$50 spread between Stamp and Gox.

This can't last forever. This is a serious divergence. When we've seen this before it typically resolves itself in a correction.

Talking about spreads in USD terms is pointless. What is it in percentage terms?

haightst

newbie

Activity: 42

Merit: 0

Quote from: rpietila on November 17, 2013, 03:34:14 PM

Quote from: byronbb on November 17, 2013, 02:58:48 PM

Quote from: phatsphere on November 17, 2013, 02:42:51 PM

no more coins on gox beyond 550. but i still have no idea how next week will play out …

$25 million on Gox on orderbook vs 12k BTC. ATH and ATL respectively. If Gox USD issues are as real as people say, the PANIC buying to move out BTC at considerable loss could be epic.

If Mark wanted, he could just pay the whole $25M from his left pocket (by selling BTC into it) and then Mt.Gox would not be short any USD.

can I get those 700 dollar bitcoins or not ? =) LMAO!

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Quote from: Boxman90 on November 17, 2013, 03:27:47 PM

Quote from: theonewhowaskazu on November 17, 2013, 03:21:31 PM

Judging from BTC-E, Russians seem to be buying now like mad.

Seriously, all we need is the Iranians to hop on the Bitcoin wagon. Then we'd have Russians, Iranians, and Chinese, the grand trio of nationalities vilified by the US media.

If it were actually the russions buying at BTC-e, the volume would be in BTC/RUR, but no the volume is in BTC/USD.

The greatest catalyst of this bubble is imo the grand delusion that "*random nationality* IS NOW BUYING BITCOIN LIKE CRAZY". And people blindly follow a Chinese exchange with no trading fees (thus probably heavily faked volume). It's okay, i can make money from that.

Has it not occurred to anyone that if you wanted to buy a ton of bitcoins without steaming the price you could open an exchange with zero fees to attract bitcoins into your bids??

Patel

legendary

Activity: 1320

Merit: 1007

Guys just wait until India gets an exchange. I know so many Indians who give huge discounts if you pay in Bitcoin.

The second largest population of the world still doesn't have an exchange, and when that happens you can bet that the chinese will get a run for their money

Grin

windjc

legendary

Activity: 2156

Merit: 1070

$50 spread between Stamp and Gox.

This can't last forever. This is a serious divergence. When we've seen this before it typically resolves itself in a correction.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: byronbb on November 17, 2013, 02:58:48 PM

Quote from: phatsphere on November 17, 2013, 02:42:51 PM

no more coins on gox beyond 550. but i still have no idea how next week will play out …

$25 million on Gox on orderbook vs 12k BTC. ATH and ATL respectively. If Gox USD issues are as real as people say, the PANIC buying to move out BTC at considerable loss could be epic.

If Mark wanted, he could just pay the whole $25M from his left pocket (by selling BTC into it) and then Mt.Gox would not be short any USD.

bitcodo

hero member

Activity: 509

Merit: 500

Can't upload avatar

I was at the Salt Pans yesterday. I bought 30 kg of salt. Go salt, go! Cool

The Romans were famous builders of salt pans and special quantaties of salt, sal in Latin, which generations of Roman legionaries received in little bags as part of their pay, were known as salarium argentum or "salt money". Over the centuries the name of this form of payment gave rise to the English word "salary".

bobdude17

sr. member

Activity: 454

Merit: 250

It's all fun and games until the Japanese start buying!

No way they are going to ignore what is going in China right now.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

i told you, the rally is now accelerating.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: N12 on November 17, 2013, 03:14:40 PM

Actually, you might be right justunravier, depending on how you want to calculate it. The latter stage of the 266 bubble was just as insane though. But it's no use to argue. This bubble is made of the same stuff as the 32 and the 266 bubble, not much difference here.

From the weekly charts:

March-April 2013: 29%->9%->35%->35%->46%->crash
October-now 2013: 7%->16%->23%->4%->42%->30%-> Huh

(so far, 28%)

>40% on the weekly weighted chart, that's not immediately followed by a crash, hasn't happened since 2011:

April-June 2011: 29%->39%->79%->45%->81%->15%->11%->49%->98%->crash

Imagine if early 2011 repeated itself at these price levels.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: Boxman90 on November 17, 2013, 03:27:47 PM

Quote from: theonewhowaskazu on November 17, 2013, 03:21:31 PM

Judging from BTC-E, Russians seem to be buying now like mad.

Seriously, all we need is the Iranians to hop on the Bitcoin wagon. Then we'd have Russians, Iranians, and Chinese, the grand trio of nationalities vilified by the US media.

If it were actually the russions buying at BTC-e, the volume would be in BTC/RUR, but no the volume is in BTC/USD.

The greatest catalyst of this bubble is imo the grand delusion that "*random nationality* IS NOW BUYING BITCOIN LIKE CRAZY". And people blindly follow a Chinese exchange with no trading fees (thus probably heavily faked volume). It's okay, i can make money from that.

have you ever been to Russia? Most rich people there have lots of money in USD. Since the USD exchange rate is more set than the RUR, they're more likely to spend their USD stache on BTC rather than their RUR.

Boxman90

hero member

Activity: 518

Merit: 500

Quote from: theonewhowaskazu on November 17, 2013, 03:21:31 PM

Judging from BTC-E, Russians seem to be buying now like mad.

Seriously, all we need is the Iranians to hop on the Bitcoin wagon. Then we'd have Russians, Iranians, and Chinese, the grand trio of nationalities vilified by the US media.

If it were actually the russions buying at BTC-e, the volume would be in BTC/RUR, but no the volume is in BTC/USD.

The greatest catalyst of this bubble is imo the grand delusion that "*random nationality* IS NOW BUYING BITCOIN LIKE CRAZY". And people blindly follow a Chinese exchange with no trading fees (thus probably heavily faked volume). It's okay, i can make money from that.

haightst

newbie

Activity: 42

Merit: 0

Quote from: Wekkel on November 17, 2013, 03:19:18 PM

Melt-up @ BTC-e

Bitcoin shortsellers *explained*-> http://www.sherv.net/cm/emoticons/fighting/setting-himself-on-fire.gif

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: ardana123 on November 17, 2013, 03:23:02 PM

How the hell is china having a rally at 4 am in the morning Cheesy

Its because the people that run BTC-China are secretly not Chinese, but are actually aliens, who don't have to sleep. It all makes sense now.

ardana123

hero member

Activity: 504

Merit: 500

How the hell is china having a rally at 4 am in the morning Cheesy

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Judging from BTC-E, Russians seem to be buying now like mad.

Seriously, all we need is the Iranians to hop on the Bitcoin wagon. Then we'd have Russians, Iranians, and Chinese, the grand trio of nationalities vilified by the US media.

bassclef

hero member

Activity: 924

Merit: 1000

Quote from: seleme on November 17, 2013, 03:00:10 PM

Quote from: strawbs on November 17, 2013, 02:58:06 PM

Quote from: seleme on November 17, 2013, 02:54:36 PM

This is just fucking mental...

I have only 2 explanations:

1. Someone knows Senate will be gentle

2: Someone want the price as higher as possible for dumping on it if Senate would not be gentle.

I don't think the Chinese (or the Europeans or anyone else for that matter) really care much about what the Senate does

Everybody cares about it as the outcome of it will have an impact on the price. Good or bad.

There will be no outcome, it's simply a hearing to shape future lawmaking. Maybe. They are going to want to regulate it, of course. Everyone knows this, it's what these government agencies do. For the children. The debate will be if they can, or should, regulate. My take is that these guys know the US is in dire straits as far as overspending and debt, and regulating the hell out of Bitcoin business will be simply shooting themselves in the foot.

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Quote from: Wekkel on November 17, 2013, 03:19:18 PM

Melt-up @ BTC-e

The great LTC to BTC rotation. Cheesy

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