Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32112.

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: wasserman99 on October 22, 2013, 02:31:34 PM

Quote from: ?? on ??

Quote from: theonewhowaskazu on October 22, 2013, 02:04:56 PM

The spread between Gox and Bitstamp is the smallest its been in a while, percentage-wise. Its only around 5%. this either means that Gox isn't high enough & will go higher in the future, Bitstamp is too high, or perhaps the arbitrage channels are opening up again.

well, if Gox is selling BTC it does not have that % difference should be going down.

exactly, dump some fractional reserve bitcoins on the exchange and suppress the price. oh, Gox!

trivia question:

when was the last time that the price divergence between gox and bitstamp was this thin, and what happened in the days following?

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: gandhibt on October 22, 2013, 03:29:54 PM

Quote from: wobber on October 22, 2013, 03:14:42 PM

Quote from: wasserman99 on October 22, 2013, 03:04:24 PM

hmmmm.... charts look like double tops (except btcchina's spiky top).... Undecided

My idea exactly. I think we might be at the top. Or near it.

You're looking at the wrong timeframe:

maybe but it's more like

gandhibt

full member

Activity: 238

Merit: 100

Quote from: wobber on October 22, 2013, 03:14:42 PM

Quote from: wasserman99 on October 22, 2013, 03:04:24 PM

hmmmm.... charts look like double tops (except btcchina's spiky top).... Undecided

My idea exactly. I think we might be at the top. Or near it.

You're looking at the wrong timeframe:

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: wobber on October 22, 2013, 03:14:42 PM

Quote from: wasserman99 on October 22, 2013, 03:04:24 PM

hmmmm.... charts look like double tops (except btcchina's spiky top).... Undecided

My idea exactly. I think we might be at the top. Or near it.

It's just a pause while the first stage separates.

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: wasserman99 on October 22, 2013, 03:04:24 PM

hmmmm.... charts look like double tops (except btcchina's spiky top).... Undecided

My idea exactly. I think we might be at the top. Or near it.

wasserman99

sr. member

Activity: 476

Merit: 250

hmmmm.... charts look like double tops (except btcchina's spiky top).... Undecided

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: c1010010 on October 22, 2013, 02:48:02 PM

Quote from: theonewhowaskazu on October 22, 2013, 02:46:04 PM

Quote from: ?? on ??

Quote from: theonewhowaskazu on October 22, 2013, 02:04:56 PM

The spread between Gox and Bitstamp is the smallest its been in a while, percentage-wise. Its only around 5%. this either means that Gox isn't high enough & will go higher in the future, Bitstamp is too high, or perhaps the arbitrage channels are opening up again.

well, if Gox is selling BTC it does not have that % difference should be going down.

No, it will instead be instantly discovered as people attempt to withdraw BTC that doesn't exist.

You can delay Bank Wires infinitely, as they've shown. If you try to delay BTC withdraws, people will just stop using you.

Exactly.
There just needs to be some substantial competition for Gox... and people will go.

There is, its called Bitstamp.

Gox knows that it can't "print" Bitcoin, and clearly it doesn't. otherwise, the ask sum wouldn't be so low.

c1010010

sr. member

Activity: 275

Merit: 250

Quote from: theonewhowaskazu on October 22, 2013, 02:46:04 PM

Quote from: ?? on ??

Quote from: theonewhowaskazu on October 22, 2013, 02:04:56 PM

The spread between Gox and Bitstamp is the smallest its been in a while, percentage-wise. Its only around 5%. this either means that Gox isn't high enough & will go higher in the future, Bitstamp is too high, or perhaps the arbitrage channels are opening up again.

well, if Gox is selling BTC it does not have that % difference should be going down.

No, it will instead be instantly discovered as people attempt to withdraw BTC that doesn't exist.

You can delay Bank Wires infinitely, as they've shown. If you try to delay BTC withdraws, people will just stop using you.

Exactly.
There just needs to be some substantial competition for Gox... and people will go.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: ?? on ??

Quote from: theonewhowaskazu on October 22, 2013, 02:04:56 PM

The spread between Gox and Bitstamp is the smallest its been in a while, percentage-wise. Its only around 5%. this either means that Gox isn't high enough & will go higher in the future, Bitstamp is too high, or perhaps the arbitrage channels are opening up again.

well, if Gox is selling BTC it does not have that % difference should be going down.

No, it will instead be instantly discovered as people attempt to withdraw BTC that doesn't exist.

You can delay Bank Wires infinitely, as they've shown. If you try to delay BTC withdraws, people will just stop using you.

ardana123

hero member

Activity: 504

Merit: 500

yes people will want to hedge against the shittyness of the new ipad

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Apple offering iPad Mini w/ Retina in November. Bitcoin to da moon!?

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: ?? on ??

Quote from: theonewhowaskazu on October 22, 2013, 02:04:56 PM

The spread between Gox and Bitstamp is the smallest its been in a while, percentage-wise. Its only around 5%. this either means that Gox isn't high enough & will go higher in the future, Bitstamp is too high, or perhaps the arbitrage channels are opening up again.

well, if Gox is selling BTC it does not have that % difference should be going down.

exactly, dump some fractional reserve bitcoins on the exchange and suppress the price. oh, Gox!

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

The spread between Gox and Bitstamp is the smallest its been in a while, percentage-wise. Its only around 5%. this either means that Gox isn't high enough & will go higher in the future, Bitstamp is too high, or perhaps the arbitrage channels are opening up again.

nottorious91

newbie

Activity: 20

Merit: 0

Mini correction incoming?

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: Spaceman_Spiff on October 22, 2013, 01:39:15 PM

Quote from: prophetx on October 22, 2013, 01:34:23 PM

Quote from: Zangelbert Bingledack on October 22, 2013, 01:19:07 PM

Quote from: prophetx on October 22, 2013, 01:06:33 PM

an investment produces something, it has utility.

I take it you're not a gold bug?

i actually do own some coins

Why?

for some of the same reasons some people are hoarding btc now.

knowing that mindset i believe the current run up that is happening now is not a sudden shift in detection of an unexpected increase in sustainable future value growth rates.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: ?? on ??

Some people like me, sold enough BTC to live on for the next 4 years right after and during the march to 266 in case we did not get back to the highs for a while. I sold at $130 then and I'm not selling at $200 now. $500 to $1000 range is when I will sell a few more. I think more than a few people are just like me in this. We have enough cash to wait this out.

Seconded.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: prophetx on October 22, 2013, 01:34:23 PM

Quote from: Zangelbert Bingledack on October 22, 2013, 01:19:07 PM

Quote from: prophetx on October 22, 2013, 01:06:33 PM

an investment produces something, it has utility.

I take it you're not a gold bug?

i actually do own some coins

Why?

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: Zangelbert Bingledack on October 22, 2013, 01:19:07 PM

Quote from: prophetx on October 22, 2013, 01:06:33 PM

Quote from: Spaceman_Spiff on October 22, 2013, 12:20:08 PM

Quote from: Zangelbert Bingledack on October 22, 2013, 12:14:14 PM

I think it's a myth that Bitcoin's value mostly stems from transaction value or merchant adoption. The real driving force is long-term investment. Or rather, the value does stem from transaction value and merchant adoption, but not present transaction value or merchant adoption but future transaction value and merchant adoption. One of the things that investors do is drive up the price of things that will serve a valuable function in the future, since most people won't buy them now since they're not valuable for that purpose now.

You beat me to it Wink

an investment produces something, it has utility.

I take it you're not a gold bug?

i actually do own some coins

edit: and i do keep some of them under my mattress...

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: prophetx on October 22, 2013, 01:06:33 PM

the present value should already contain all discounted future value, which is anticipated by market participants. although one could make an argument that market participants are growing temporarily driving up the price.

Inflation adjusted interest rates are veering negative in unbacked currencies that may also default. The question of the revaluation of discounted future value seems that it is being answered by the market in the moment.

Oh...And tulips are pretty too. Wink

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Quote from: prophetx on October 22, 2013, 01:06:33 PM

Quote from: Spaceman_Spiff on October 22, 2013, 12:20:08 PM

Quote from: Zangelbert Bingledack on October 22, 2013, 12:14:14 PM

I think it's a myth that Bitcoin's value mostly stems from transaction value or merchant adoption. The real driving force is long-term investment. Or rather, the value does stem from transaction value and merchant adoption, but not present transaction value or merchant adoption but future transaction value and merchant adoption. One of the things that investors do is drive up the price of things that will serve a valuable function in the future, since most people won't buy them now since they're not valuable for that purpose now.

You beat me to it Wink

an investment produces something, it has utility.

I take it you're not a gold bug?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32112. (Read 26472429 times)