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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32175. (Read 26709375 times)

full member
Activity: 163
Merit: 100
Amazon for BTC
ITS CRASHING! SHITTTT
sr. member
Activity: 280
Merit: 250
Crash starts here?

legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
Bear attack on Mt.Gox D:
legendary
Activity: 1246
Merit: 1000
Can somebudy shut down BTCchina? This is not funny anymore.

Europe will be up in few hours and than we can expect some big movements on bitstamp.

LOL. This is absolutely hilarious! The Chinese just love to play chicken against other investors/gamblers to see who backs out last and can sell the highest. Tongue
full member
Activity: 230
Merit: 100
as long as the crash stays above 200, I'll be happy.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
btcchina, this is crazy.  Shocked

House prices 22x household annual income. China loves crazy!


hero member
Activity: 518
Merit: 500
Everyone is calling for a downward movement, this means there will be no downward movement.

SCIENCE!
full member
Activity: 196
Merit: 100
Bitstamp walled off and only few buyers:
Single ask positions over 20BTC among the first 1000:
Code:
[['347.92', '87.43659903'], ['347.95', '134.06194029'], ['347.99', '26.47985881'], ['348.00', '430.00000000'], ['348.84', '25.00000000'], ['348.85', '25.00000000'], ['349.01', '25.00000000'], ['349.45', '65.87504488'], ['349.49', '25.00000000'], ['349.50', '2000.00000000'], ['350.00', '50.00000000'], ['350.00', '100.00000000'], ['350.12', '50.00000000'], ['354.68', '135.00000000'], ['359.01', '25.00000000'], ['360.00', '50.00000000'], ['365.00', '27.55000000'], ['365.00', '40.00000000'], ['372.41', '135.00000000'], ['374.40', '46.75418729'], ['374.45', '100.00000000'], ['374.49', '200.00061116'], ['374.80', '1141.92241336'], ['375.00', '117.00000000'], ['380.00', '1000.00000000'], ['388.00', '100.00000000'], ['396.75', '41.06320000'], ['399.97', '50.00000000'], ['400.00', '61.78000000'], ['400.00', '73.28033641'], ['402.00', '49.00000000'], ['404.00', '191.82501788'], ['410.00', '39.69804719'], ['411.84', '27.00000000'], ['439.20', '30.00000000'], ['448.00', '30.00000000'], ['450.00', '31.22425221'], ['480.00', '50.00000000'], ['498.00', '198.93400000'], ['502.00', '1000.00000000'], ['650.00', '46.50000000'], ['1000.00', '96.00000000'], ['1045.00', '25.00000000'], ['1347.00', '25.00000000'], ['1785.00', '25.00000000'], ['1840.00', '25.00000000'], ['2146.00', '25.00000000']]
hero member
Activity: 938
Merit: 501
btcchina, this is crazy.  Shocked
sr. member
Activity: 280
Merit: 250
This won't end well.   Undecided

legendary
Activity: 2156
Merit: 1070
btcchina is running up the wall over there and the other exchanges are struggling to keep up.  Does anyone see an end in sight to this madness?

Well Bitstamp in particular looks like it is going to be sitting at $350 for a long time. There is no money there to buy (or wanting to buy) and I do not think Gox is going to wait around for it. Meanwhile, I think China may go to 2975 today.
sr. member
Activity: 462
Merit: 250
btcchina is running up the wall over there and the other exchanges are struggling to keep up.  Does anyone see an end in sight to this madness?
legendary
Activity: 2156
Merit: 1070
Just a reminder, back in April China also started bull rushing far ahead of the pack very shortly before the big crash. It peaked around $320 there, more than $50 higher than the $266 top on Gox. Will this time be different? Well this is bitcoin so anything can happen, but a serious correction is quite likely in my opinion.

True. But the volume on the Chinese exchange is massive now compared to in April.

But, I agree, I  correction could be forthcoming.
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
Hard to believe that arbitrage isn't possible and worth while for some.

life will find a way
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
The most impressive thing about this Chinese run up is that is coming on huge volume, the most we've seen there during this rally.

We could literally see them run all the way up to 3000 ($482)  in the next 24 hours.

Meanwhile, if that happens I literally think the other exchanges are going to sit there and watch it happen.

Which could be a good thing. If the other exchanges don't react on the way up, they probably won't react much on the way down.

The arbitrage opportunities for those with the means will be too great to keep a large price difference going for long.

~17% difference between Stamp and btcchina atm.  Sweet arbitrage gods...  Hard to believe that arbitrage isn't possible and worth while for some.

So, is there anyone doing this? If Ripple is good for anything it should close this arb gap.

bitcoin without ripple: ...what the fuck is ripple?

It sure is nice to be able to move funds from one exchange to another using Ripple.  This lets me perform arbitrage.    

For instance, let's say the XBT/CNY market is overpriced.  Ripple might have a path where I can move CNYs at one exchange (e.g., RippleCN) into USDs at another exchange (e.g., Bitstamp) without much of a cost.

This benefits Bitcoin as it helps to keeps markets efficient.  As a result of my transaction, Ripple gave me incentive to bring my bitcoins to the XBT/CNY market where supply was tight, and because of Ripple I could absorb some of the supply at Bitstamp by buying "cheap" bitcoins from their XBT/USD market.

I fail to understand why such a useful tool gets so much hate around here.

sr. member
Activity: 476
Merit: 250
I will never sell a single bitcoin. The chinese can drive the price in the 4 digits  by the end of the next weak.
legendary
Activity: 1168
Merit: 1000
The most impressive thing about this Chinese run up is that is coming on huge volume, the most we've seen there during this rally.

We could literally see them run all the way up to 3000 ($482)  in the next 24 hours.

Meanwhile, if that happens I literally think the other exchanges are going to sit there and watch it happen.

Which could be a good thing. If the other exchanges don't react on the way up, they probably won't react much on the way down.

The arbitrage opportunities for those with the means will be too great to keep a large price difference going for long.

~17% difference between Stamp and btcchina atm.  Sweet arbitrage gods...  Hard to believe that arbitrage isn't possible and worth while for some.
legendary
Activity: 882
Merit: 1000
is somebody here trading on btcchina?
how are they dealing verification and withdrawals as european?
You can only withdraw to a china bank account. Not sure about the verification, but seems the account name has to be the same as the bank account name. Therefore, I think it relies on the bank's verification.
legendary
Activity: 1246
Merit: 1000
Just a reminder, back in April China also started bull rushing far ahead of the pack very shortly before the big crash. It peaked around $320 there, more than $50 higher than the $266 top on Gox. Will this time be different? Well this is bitcoin so anything can happen, but a serious correction is quite likely in my opinion.
hero member
Activity: 924
Merit: 1000
The most impressive thing about this Chinese run up is that is coming on huge volume, the most we've seen there during this rally.

We could literally see them run all the way up to 3000 ($482)  in the next 24 hours.

Meanwhile, if that happens I literally think the other exchanges are going to sit there and watch it happen.

Which could be a good thing. If the other exchanges don't react on the way up, they probably won't react much on the way down.

The arbitrage opportunities for those with the means will be too great to keep a large price difference going for long.
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