Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32253. (Read 26473968 times)
September 29, 2013, 01:19:48 AM
When is the last time Gox had this kind of volume on the weekend?
September 29, 2013, 12:14:13 AM
According to http://btckan.com/price btc100.org a chinese exchange has done 111706.36 in 24hrs.... which is hard to believe....
Almost certainly BS.
Many of the Chinese exchanges have zero fees - also the withdrawal frees are in the zero-point something area. Very little price difference is enough to arbitrage the shit out of the CNY market.
What is the point of running an exchange, with no fees. Where does the exchange make money?
September 29, 2013, 12:09:41 AM
According to http://btckan.com/price btc100.org a chinese exchange has done 111706.36 in 24hrs.... which is hard to believe....
Almost certainly BS.
Many of the Chinese exchanges have zero fees - also the withdrawal frees are in the zero-point something area. Very little price difference is enough to arbitrage the shit out of the CNY market.
What is the point of running an exchange, with no fees. Where does the exchange make money?
September 29, 2013, 12:02:31 AM
According to http://btckan.com/price btc100.org a chinese exchange has done 111706.36 in 24hrs.... which is hard to believe....
Almost certainly BS.
Many of the Chinese exchanges have zero fees - also the withdrawal frees are in the zero-point something area. Very little price difference is enough to arbitrage the shit out of the CNY market.
September 28, 2013, 11:23:27 PM
Is everybody asleep at Bitstamp?
nope, people are just waking up at gox
I thought I read on this thread that somebody had found a method for arbitration using Japanese bank withdrawals. I guess we'll see soon enough.
September 28, 2013, 11:19:41 PM
I guess these days instead of a weekend dip in the price we just see a weekend dip in the volume.
Maybe it will all come back this week... 
September 28, 2013, 11:16:52 PM
I guess these days instead of a weekend dip in the price we just see a weekend dip in the volume.
September 28, 2013, 11:14:32 PM
bitcoin market is quite fractured, mtgox has withdrawal problem, bitstamp is dead, btce dwindling volume, now BTC / fiat trade concentrates in China where currency cannot flow freely. Very hard to make of the moves.
September 28, 2013, 11:01:52 PM
Aside from a few people (or one person) puting up ask walls, BitStamp is straight up dead.
Seriously, 3 trades in the last half hour.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
September 28, 2013, 11:00:49 PM
would this gox withdrawal issue have raised the price? I used to think so due to people buying their way out via coins but the continuous 1 btc sales are probably from gox indeed raising cash since most of their cash got stolen. A large holder liquidating their coins that otherwise would not have been sold might have neutralized the upward effect?
September 28, 2013, 10:57:04 PM
Aside from a few people (or one person) puting up ask walls, BitStamp is straight up dead.
September 28, 2013, 10:56:50 PM
People with large amounts of money can still withdraw?
MtGox refers to it as "manual processing" and apparently charges 5% extra for it. I don't think that's still working. https://bitcointalksearch.org/topic/m.3257717
My guess is that manual processing still works for the wealthiest. Obviously 5% of millions is a lot more lucrative than 5% of a few grand.
I have serious doubts. Last time I successfully did get USD wired out of gox it came from Chase in NYC. That's not the Veridian Credit Union account that was much discussed.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
September 28, 2013, 10:55:57 PM
Is everybody asleep at Bitstamp?
nope, people are just waking up at gox
September 28, 2013, 10:53:28 PM
People with large amounts of money can still withdraw?
MtGox refers to it as "manual processing" and apparently charges 5% extra for it. I don't think that's still working. https://bitcointalksearch.org/topic/m.3257717
My guess is that manual processing still works for the wealthiest. Obviously 5% of millions is a lot more lucrative than 5% of a few grand.
You can't keep 5% of millions, when you have pennies.
September 28, 2013, 10:52:20 PM
If $140 falls...
I doubt it will until this massive September long Pennant/triangle is over. Seems like it might end around Oct 5 and then KABOOM up we go. If it happens earlier I'd be happy, this thing has taken forever. Or it could break down... why does everyone keep dismissing this possibility? Every day the required ta levels (Bollinger etc) to do so keeps creeping up (131 now), yet the market depth is failing to follow. In the past 2 months of 140 STILL no market depth has filled in. Its still only 5k to 130 (and trendbreak) and 20k to 120. Total bid depth is now $11.5m whereas 3 months ago at $110 market depth was at $16m! The volume is still low too (8k of today's volume is fake bot error) and ppl keep relentlessly dumping on stamp and btce.
Down is certainly always an option, but in most cases pennants follow the previous trend which was up in this case. Only time will tell. =)
Looks like we broke through the pennant upwards, hopefully we can continue up through the next resistance level.
Im getting so giddy thinking of breaking 150
I cant believe the price is already up $10 since I bought... almost sold at $140 too.
There is no real money at gox, people want out, and are willing to take a loss, because Gox may go. Bitstamp, is in my opinion, a more fair price indicator.
I've heard the same story for 2 months now.
It's been true for said last two months also.
September 28, 2013, 10:48:48 PM
People with large amounts of money can still withdraw?
MtGox refers to it as "manual processing" and apparently charges 5% extra for it. I don't think that's still working. https://bitcointalksearch.org/topic/m.3257717
My guess is that manual processing still works for the wealthiest. Obviously 5% of millions is a lot more lucrative than 5% of a few grand.
September 28, 2013, 10:47:01 PM
Is everybody asleep at Bitstamp?
BitStamp would be a cheap way to attempt to pull the price on Gox back down, if you think about it. Someone's been setting up strategic sells for days.
Just sayin'
September 28, 2013, 10:45:36 PM
If ask sum goes under 40,000 on Gox, then one of two things will happen:
1. we immediately plummet, prob double digits within a day; or
2. rocket 25-30 dollars up, then immediately plummet to double digits within a day.
You heard it hear. I expect praise, including blowjobs, when proven correct.
-walz.
Bro, you need to get out of your mother's basement and meet some real people, maybe even an actual flesh-and-blood woman (or twink if that's what you prefer). Fantasies of being 1337 traDURRz, Texas Hold'em Online Poker Starz or making it with Porn Bimbos don't cut it in the real world.1. we immediately plummet, prob double digits within a day; or
2. rocket 25-30 dollars up, then immediately plummet to double digits within a day.
You heard it hear. I expect praise, including blowjobs, when proven correct.
-walz.
Or you could get your bottom ribs removed (ala Marilyn Manson?) so you can bend over far enough to give yourself a blowjob.
You'd probably enjoy doing that.
Please don't quote that idiot. Most people have him on ignore.
I also realize that slapstick buffoons can be annoyingly irritating to many people. My apologies.
Thanks
September 28, 2013, 10:44:38 PM
If $140 falls...
I doubt it will until this massive September long Pennant/triangle is over. Seems like it might end around Oct 5 and then KABOOM up we go. If it happens earlier I'd be happy, this thing has taken forever. Or it could break down... why does everyone keep dismissing this possibility? Every day the required ta levels (Bollinger etc) to do so keeps creeping up (131 now), yet the market depth is failing to follow. In the past 2 months of 140 STILL no market depth has filled in. Its still only 5k to 130 (and trendbreak) and 20k to 120. Total bid depth is now $11.5m whereas 3 months ago at $110 market depth was at $16m! The volume is still low too (8k of today's volume is fake bot error) and ppl keep relentlessly dumping on stamp and btce.
Down is certainly always an option, but in most cases pennants follow the previous trend which was up in this case. Only time will tell. =)
Looks like we broke through the pennant upwards, hopefully we can continue up through the next resistance level.
Im getting so giddy thinking of breaking 150
I cant believe the price is already up $10 since I bought... almost sold at $140 too.
There is no real money at gox, people want out, and are willing to take a loss, because Gox may go. Bitstamp, is in my opinion, a more fair price indicator.
I've heard the same story for 2 months now.
September 28, 2013, 10:40:27 PM
If $140 falls...
I doubt it will until this massive September long Pennant/triangle is over. Seems like it might end around Oct 5 and then KABOOM up we go. If it happens earlier I'd be happy, this thing has taken forever. Or it could break down... why does everyone keep dismissing this possibility? Every day the required ta levels (Bollinger etc) to do so keeps creeping up (131 now), yet the market depth is failing to follow. In the past 2 months of 140 STILL no market depth has filled in. Its still only 5k to 130 (and trendbreak) and 20k to 120. Total bid depth is now $11.5m whereas 3 months ago at $110 market depth was at $16m! The volume is still low too (8k of today's volume is fake bot error) and ppl keep relentlessly dumping on stamp and btce.
Down is certainly always an option, but in most cases pennants follow the previous trend which was up in this case. Only time will tell. =)
Looks like we broke through the pennant upwards, hopefully we can continue up through the next resistance level.
Im getting so giddy thinking of breaking 150
I cant believe the price is already up $10 since I bought... almost sold at $140 too.
There is no real money at gox, people want out, and are willing to take a loss, because Gox may go. Bitstamp, is in my opinion, a more fair price indicator.
Jump to: