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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32006. (Read 26732524 times)

legendary
Activity: 1428
Merit: 1000
Has anyone tried exploiting the difference between the USD exchanges en the chinese exchange? Moving your coins over there, selling and then waiting until it drops to buy back in... Then moving back. Does anyone daytrade on there?

Arbitrage doesn't work this way.
You can wait indefinitely for the price to crash to the other exchanges level.
So its even higher risk and you end up with less USD equivalent when you return back to US exchanges.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
Keep in mind there are OTC folks wanting to pay a lot more than gox.
There were some US$1200 sales in the last 24hours.  Localbitcoin is may hit gold parity today.
http://bitcoincharts.com/charts/localbtcUSD#rg1zig5-minztgSzm1g10zm2g25zvzl
Money launderers don't mind paying a vig, especially to buy a decentralized currency. I imagine they'd pay even more of a vig for BTC than they would through their other methods of money laundering (hence > BTC China's current price).
legendary
Activity: 1148
Merit: 1018
Bid side on Bitstamp is extremely thin. On the contrary, the ask side is very healthy in the $600-$700 range.

BTW: a 10 BTC "dump" brought us down to $580 from $600 - $20 slippage for a 10 BTC sell, wow, this market is a joke Cheesy

That's because nobody can get into Bitstamp atm to trade except for a very few lucky people. Bid/ask depth is still looking the way it was a couple of hours ago when the price was just starting to recover, so no wonder bid side is looking empty and asks are looking good.

Ooopps.... A 2.3BTC buy took us to $640 on Bitstamp. What a joke Cheesy Cheesy Cheesy
full member
Activity: 239
Merit: 100
Its feels horrible to be full of worthless GoxBux seeing the train leave. Isnt it?
The trend is more bullish than ever, after double bottoming at 500.
Double bottom? What double bottom?
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
silly bears they drop all their coins and their like "see see i told you it would go down !"
legendary
Activity: 1246
Merit: 1000
Bid side on Bitstamp is extremely thin. On the contrary, the ask side is very healthy in the $600-$700 range.

BTW: a 10 BTC "dump" brought us down to $580 from $600 - $20 slippage for a 10 BTC sell, wow, this market is a joke Cheesy

That's because nobody can get into Bitstamp atm to trade except for a very few lucky people. Bid/ask depth is still looking the way it was a couple of hours ago when the price was just starting to recover, so no wonder bid side is looking empty and asks are looking good.
sr. member
Activity: 288
Merit: 250
ManualMiner
What's going on with bitstamp???
Noobies and nooblettes engraving a ddos imo.
See their facebook page for crystal sphere revelation.

got a screenshot? dont go near that site
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
I agree this price cannot be sustained. No level headed investor is going to buy in at the top of a huge rally like this. Investing 101 says buy low and sell high, and most investors realize this. They are not going to continue to dump money into it on a huge upswing like this. It has gone up way too high & too fast to be sustained.

I would be very surprised not to see a flash crash down to the $300-$400 range this week. I expect this to happen any moment now. You can already see the market adjusting, but I doubt it will stop at $560. Even at $560 it's gone up too high & too fast to be sustained. Sorry bulls, but Bitcoin is not ready to be steady at >$550 just yet. This is just the middle of yet another bubble... this is not the first and it will not be the last.

/speculation

Keep in mind there are OTC folks wanting to pay a lot more than gox.
There were some US$1200 sales in the last 24hours.  Localbitcoin is may hit gold parity today.
http://bitcoincharts.com/charts/localbtcUSD#rg1zig5-minztgSzm1g10zm2g25zvzl
full member
Activity: 196
Merit: 100
What's going on with bitstamp???
Noobies and nooblettes engraving a ddos imo.
See their facebook page for crystal sphere revelation.
sr. member
Activity: 288
Merit: 250
ManualMiner
Has anyone tried exploiting the difference between the USD exchanges en the chinese exchange? Moving your coins over there, selling and then waiting until it drops to buy back in... Then moving back. Does anyone daytrade on there?

i will tonight. arbitrage is otherwise not possible, they only withdraw to a handful chinese banks
hero member
Activity: 812
Merit: 587
Space Lord
Can't go on Bitstamp... Wanted to buy :/
newbie
Activity: 28
Merit: 0

It is sad, that bitcoin users might destroy bitcoins with this bullshit.



bullshit like not recreating the system we have now?   mmmmmk

you want your transaction in? pay the fee, supply and demand, this is what keeps mining profitable going forward
I have no problem with transactions.
But the current blocksize combined with the vision of worldwide, cheap payments is not possible. In no way. You will make Bitcoin to some kind of WOW gold instead of a working currency.
Mining would still be profitable, don't fight ghosts.
Bitcoin is not thought to go to 10k$ and buy you a nice yacht and then die. It is thought to be an international, usable currency
hero member
Activity: 504
Merit: 500
Has anyone tried exploiting the difference between the USD exchanges en the chinese exchange? Moving your coins over there, selling and then waiting until it drops to buy back in... Then moving back. Does anyone daytrade on there?
legendary
Activity: 1428
Merit: 1000
Its feels horrible to be full of worthless GoxBux seeing the train leave. Isnt it?
The trend is more bullish than ever, after double bottoming at 500.
hero member
Activity: 770
Merit: 501
yw,
i just realized that shasky girl is also the first speaker on the list again...

bullish  Grin

Quote
"Cash is probably still the best medium for money laundering."
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot

It is sad, that bitcoin users might destroy bitcoins with this bullshit.



bullshit like not recreating the system we have now?   mmmmmk

you want your transaction in? pay the fee, supply and demand, this is what keeps mining profitable going forward
legendary
Activity: 1064
Merit: 1000
Can we actually trade on btc-china as foreigners? Or do you need to provide a Chinese ID/bank account?

you only need to provide BTCs
legendary
Activity: 1148
Merit: 1018
Bid side on Bitstamp is extremely thin. On the contrary, the ask side is very healthy in the $600-$700 range.

BTW: a 10 BTC "dump" brought us down to $580 from $600 - $20 slippage for a 10 BTC sell, wow, this market is a joke Cheesy
sr. member
Activity: 333
Merit: 250
Commander of the Hodl Legions
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
Guys, is yesterday's hearing continuing today?

what I wasnt told about this>?

It's not like it's the #2 story on /r/Bitcoin or anything...

 Grin

see even i can't keep up. price should be 3k and we all know it.
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