Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32256.

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Quote from: DougTanner on September 28, 2013, 07:03:39 PM

Quote from: TERA on September 28, 2013, 06:57:36 PM

Meanwhile, during the entire $12 run-up on gox, the other exchanges have risen no more than $4. There has basically been no participation since $136. Volume's are low too. What is going on?

Can't do arbitrage if we can't get cash out of Gox.

Actually you can, on the belief that Mt Gox withdrawals will continue at some point in the relatively near future (say, few months out). You wouldn't even attempt to withdraw now, but rather wait with your cash till Mt Gox finalizes a deal with a partner and withdrawals "continue".

derpinheimer

legendary

Activity: 896

Merit: 1000

Lookin' good.

BTW this rally is still "creeping me out" Gox has never been home to the mid-sized buyers [100-500]. This entire rise is on them.. Are they finally saying, "Shit, the whales were right... INSOLVENT!!?"

While us small people <100 are just riding the waves? lol.

markjamrobin

sr. member

Activity: 462

Merit: 250

Quote from: tarmi on September 28, 2013, 07:20:35 PM

Quote from: TERA on September 28, 2013, 07:15:06 PM

People might not realize gox doesn't cash out withdrawals, because they're not immediately trying to do withdrawals. They might be saving a bunch of USD (gxd) in their accounts so they can cash out (or buy back) later. Gox doesn't have a wereinsolvent.pdf.

you are expecting wereinsolvent.pdf from gox?

market is already well aware of gox fiat withdrawal problems.

why would anyone wait to buy back at higher price?

He assumes gox price will equalize with Bitstamp (and friends).

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: TERA on September 28, 2013, 07:15:06 PM

People might not realize gox doesn't cash out withdrawals, because they're not immediately trying to do withdrawals. They might be saving a bunch of USD (gxd) in their accounts so they can cash out (or buy back) later. Gox doesn't have a wereinsolvent.pdf.

you are expecting wereinsolvent.pdf from gox?

market is already well aware of gox fiat withdrawal problems.

why would anyone wait to buy back at higher price?

Kupsi

legendary

Activity: 1193

Merit: 1003

9.9.2012: I predict that single digits... <- FAIL

Quote from: DougTanner on September 28, 2013, 06:43:04 PM

~2 day triangle almost closed.

Done!

TERA

hero member

Activity: 728

Merit: 500

Quote from: markjamrobin on September 28, 2013, 07:13:30 PM

Quote from: TERA on September 28, 2013, 07:09:48 PM

Quote from: markjamrobin on September 28, 2013, 07:08:38 PM

Is mt.gox still relevant?

I think everyone still runs their bots based off gox data.

There are also people who will partial-arbitrage a $20 gap so that they can switch back when the gap is $10 again.

Not everyone knows the news.

It might take a while for this transition to fully occur.

Hmm, but nobody can cash out through gox, so it is essentially useless?

People might not realize gox doesn't cash out withdrawals, because they're not immediately trying to do withdrawals. They might be saving a bunch of USD (gxd) in their accounts so they can cash out (or buy back) later. Gox doesn't have a wereinsolvent.pdf.

markjamrobin

sr. member

Activity: 462

Merit: 250

Quote from: TERA on September 28, 2013, 07:09:48 PM

Quote from: markjamrobin on September 28, 2013, 07:08:38 PM

Is mt.gox still relevant?

I think everyone still runs their bots based off gox data.

There are also people who will partial-arbitrage a $20 gap so that they can switch back when the gap is $10 again.

Not everyone knows the news.

It might take a while for this transition to fully occur.

Hmm, but nobody can cash out through gox, so it is essentially useless?

TERA

hero member

Activity: 728

Merit: 500

Quote from: markjamrobin on September 28, 2013, 07:08:38 PM

Is mt.gox still relevant?

I think everyone still runs their bots based off gox data.

There are also people who will partial-arbitrage a $20 gap so that they can switch back when the gap is $10 again.

Not everyone knows the news, or is connected with the comunity. It's not like gox's site has a wereinsolvent.pdf

It might take a while for this transition to fully occur.

markjamrobin

sr. member

Activity: 462

Merit: 250

Is mt.gox still relevant?

TERA

hero member

Activity: 728

Merit: 500

Is this wave 5?

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: TERA on September 28, 2013, 06:57:36 PM

Meanwhile, during the entire $12 run-up on gox, the other exchanges have risen no more than $4. There has basically been no participation since $136. Volume's are low too. What is going on?

one of those mtgox price runs.

the price is decoupling.

that should answer your question about mtgox leading other markets.

TERA

hero member

Activity: 728

Merit: 500

So if mtgox (which now represents abut 20% of the market's volume) breaks out, is it going to lead the entire market into a rally?

That 127 on stamp just keeps popping up.

DougTanner

sr. member

Activity: 280

Merit: 250

Quote from: TERA on September 28, 2013, 06:57:36 PM

Meanwhile, during the entire $12 run-up on gox, the other exchanges have risen no more than $4. There has basically been no participation since $136. Volume's are low too. What is going on?

Can't do arbitrage if we can't get cash out of Gox.

Le Happy Merchant

hero member

Activity: 634

Merit: 500

It is time.

TERA

hero member

Activity: 728

Merit: 500

Meanwhile, during the entire $12 run-up on gox, the other exchanges have risen no more than $4. There has basically been no participation since $136. Volume's are low too. What is going on?

DougTanner

sr. member

Activity: 280

Merit: 250

~2 day triangle almost closed.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: justusranvier on September 28, 2013, 05:56:06 PM

Quote from: Walsoraj on September 28, 2013, 05:54:07 PM

Quote from: Walsoraj on September 28, 2013, 05:28:40 PM

Quote from: derpinheimer on September 28, 2013, 04:58:07 PM

This rally is annoying. All low/med sized buys. Prevents chances for quick sell/buy turnarounds. Tongue

I.e., it is not a rally but a planned demolition. Single digits on the horizon my friend.

Shut up walz, you drama queen

Forget which account you're logged in to?

No. I was trying to be polite by saving some bull-tard the time to reply to my initial post.

keewee

legendary

Activity: 1025

Merit: 1000

Quote from: justusranvier on September 28, 2013, 05:56:06 PM

Quote from: Walsoraj on September 28, 2013, 05:54:07 PM

Quote from: Walsoraj on September 28, 2013, 05:28:40 PM

Quote from: derpinheimer on September 28, 2013, 04:58:07 PM

This rally is annoying. All low/med sized buys. Prevents chances for quick sell/buy turnarounds. Tongue

I.e., it is not a rally but a planned demolition. Single digits on the horizon my friend.

Shut up walz, you drama queen

Forget which account you're logged in to?

lol

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: Walsoraj on September 28, 2013, 05:54:07 PM

Quote from: Walsoraj on September 28, 2013, 05:28:40 PM

Quote from: derpinheimer on September 28, 2013, 04:58:07 PM

This rally is annoying. All low/med sized buys. Prevents chances for quick sell/buy turnarounds. Tongue

I.e., it is not a rally but a planned demolition. Single digits on the horizon my friend.

Shut up walz, you drama queen

Forget which account you're logged in to?

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: Walsoraj on September 28, 2013, 05:28:40 PM

Quote from: derpinheimer on September 28, 2013, 04:58:07 PM

This rally is annoying. All low/med sized buys. Prevents chances for quick sell/buy turnarounds. Tongue

I.e., it is not a rally but a planned demolition. Single digits on the horizon my friend.

Shut up walz, you drama queen

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32256. (Read 26474012 times)