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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32699. (Read 26720753 times)

legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
Am I the only one that thinks it's a pony??
probably but didn't someone else think it was a bollinger bandger?
full member
Activity: 210
Merit: 100


wow. i cant tell if the dog is simply sniffing the elephant's ass, or if the elephant is enjoying the dog putting his nose in strange places.

must be bullish.

Am I the only one that thinks it's a pony??


sr. member
Activity: 297
Merit: 250


wow. i cant tell if the dog is simply sniffing the elephant's ass, or if the elephant is enjoying the dog putting his nose in strange places.

must be bullish.

Am I the only one that thinks it's a pony??
sr. member
Activity: 516
Merit: 283


wow. i cant tell if the dog is simply sniffing the elephant's ass, or if the elephant is enjoying the dog putting his nose in strange places.

must be bullish.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
FNG
hero member
Activity: 588
Merit: 500
hero member
Activity: 841
Merit: 1000
To me it looks like someone found a way to make a quick arbitrage between gox and bitstamp, either withdrawals are back, tux is making the arbitrage or people in japan found a cheap way to deposit in bitstamp...

When was the last time prices where so close?

▼ mtgoxUSD   121.4200   123.289   -1.516%   601774
▲ bitstampUSD   118.4900   111.759   +6.023%   361690


I heard people saying they found a way to open a Jap bank for faster withdrawals out of Gox

I guess its possible


Wait wait wait... guys... Bitstamp is at $118 and Mt.Gox is at $122... could it be... that Mt.Gox solved the withdrawal problem? Is this the elimination of the spread we've all been waiting for? Maybe this crash on Mt.Gox is... super duper bullish?!

i wouldn't say that its  super duper bullish, withdrawals being back means people will feel more safe selling, but it would be good news nonetheless.

end result would probably be no more spread between exchanges
And people feeling more safe sending funds to mt.gox. Would you send funds to an exhange if you couldn't withtdraw them?
full member
Activity: 238
Merit: 100
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
sr. member
Activity: 297
Merit: 250

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....


lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

No it's not worth it when you can't get your cash out of Gox. When the price difference was $10-$15 one can buy on bitstamp, sell on Gox and wait for a convergence such as this to sell back as I have had, but since the depth on bitstamp is pathetic, you basically end up back where you started. Waste of time...

What are the chances that major Bitcoin vendors liquidate their bitcoins at Mt Gox, but use BItStamp (or a near average) when they price their products/service?

I guess it's possible but speculation accounts for far too much of the BTC economy for something like that to make a meaningful difference. Also as I said before, if everybody was doing it, ie. all vendors, then the opportunity wouldn't exist. 
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....


lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

No it's not worth it when you can't get your cash out of Gox. When the price difference was $10-$15 one can buy on bitstamp, sell on Gox and wait for a convergence such as this to sell back as I have had, but since the depth on bitstamp is pathetic, you basically end up back where you started. Waste of time...

What are the chances that major Bitcoin vendors liquidate their bitcoins at Mt Gox, but use BItStamp (or a near average) when they price their products/service?
legendary
Activity: 896
Merit: 1000
So was 121.25 the bottom? This rise to 125 is just a suckers "rally"?

To me it looks like the bid and ask is much healthier, and if it werent for the rise to 150 being so manipulated, I would imagine the price would creep back up from here..

buuuuut, considering that, maybe there is much more room to fall..
full member
Activity: 193
Merit: 100
Always riding the Bull...
All I can say is thank god for the chinese... http://btckan.com/price.. past two days would have been much uglier otherwise..
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....


lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

No it's not worth it when you can't get your cash out of Gox. When the price difference was $10-$15 one can buy on bitstamp, sell on Gox and wait for a convergence such as this to sell back as I have had, but since the depth on bitstamp is pathetic, you basically end up back where you started. Waste of time...

what if you could get money out of gox?

isn't 0.5% worth it at that point...

No it's not because of the commission fees involved with moving fiat through the financial system. A 5% spread might be worth it but the point is, if you could get your money out of Gox, there wouldn't be a spread. I've waited for this convergence day for 2 months and finally thought my day had come to cash in without having to resort to fiat, but the spread is a red herring. There's no depth on stamp meaning I'd be right back where I started.
 

over 100K volume in the past 2 hour on stamps

what kind of money are you playing with anyway?
sr. member
Activity: 297
Merit: 250

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....


lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

No it's not worth it when you can't get your cash out of Gox. When the price difference was $10-$15 one can buy on bitstamp, sell on Gox and wait for a convergence such as this to sell back as I have had, but since the depth on bitstamp is pathetic, you basically end up back where you started. Waste of time...

what if you could get money out of gox?

isn't 0.5% worth it at that point...

No it's not because of the commission fees involved with moving fiat through the financial system. A 5% spread might be worth it but the point is, if you could get your money out of Gox, there wouldn't be a spread. I've waited for this convergence day for 2 months and finally thought my day had come to cash in without having to resort to fiat, but the spread is a red herring. There's no depth on stamp meaning I'd be right back where I started.
 
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....


lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

No it's not worth it when you can't get your cash out of Gox. When the price difference was $10-$15 one can buy on bitstamp, sell on Gox and wait for a convergence such as this to sell back as I have had, but since the depth on bitstamp is pathetic, you basically end up back where you started. Waste of time...

what if you could get money out of gox?

isn't 0.5% worth it at that point...
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