Is this going to happen soon?
What am I looking at?A) Your computer screen
B) A bullish prediction
C) All of the above
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32714. (Read 26710181 times)
August 26, 2013, 04:56:42 PM
A) Your computer screen
B) A bullish prediction
C) All of the above
August 26, 2013, 04:42:16 PM
August 26, 2013, 04:27:14 PM
Is this going to happen soon?
What am I looking at?
August 26, 2013, 04:14:28 PM
Is this going to happen soon?
August 26, 2013, 01:25:26 PM
The "sell and re-buy happen within minutes"? Your going to need to show me how that's done in detail because I've been waiting almost 6 weeks to get cash out of Gox and it ain't happening.
I've never deposited nor withdrawn fiat in or out of MtGox myself, but many people recently have been saying that it takes about a week now.As for selling and re-buying in minutes, assuming you have fiat to sell at Bitstamp, Virtex, BTC-E etc, you can sell it there, transfer your BTC funds to MtGox in generally less than 10 minutes, and repurchase your fiat there immediately.
Even if you have to wait a week or two, since the arb happens almost immediately, it's money in the bank since you've already sold and bought and the profit has already been realized. It's only an issue if you're in a hurry for your newly purchased fiat.
August 26, 2013, 12:02:47 PM
August 26, 2013, 11:48:04 AM
34 difference between BX and Gox now. lol
CampBX is at $110.50 and MtGox is at 122.00. Either your math is terrible or you are getting bad information on the exchange rates.
CampBX's volume is so pathetic they aren't even relevant.
http://trading.i286.org/
It's cool that you've been here so long that your activity travels evenly with your post count. lol
Yeah, that site hasn't updated BX for ages! I don't know why.
Probably like you said because they are irrelevant. I'd still like to know how you are supposed to arbitrage between Gox and anywhere considering you can't get fiat into or out of Gox.
August 26, 2013, 11:34:20 AM
34 difference between BX and Gox now. lol
CampBX is at $110.50 and MtGox is at 122.00. Either your math is terrible or you are getting bad information on the exchange rates.
CampBX's volume is so pathetic they aren't even relevant.
http://trading.i286.org/
It's cool that you've been here so long that your activity travels evenly with your post count. lol
August 26, 2013, 11:04:15 AM
this volume.... weekdays are the new weekends. 
August 26, 2013, 11:02:58 AM
August 26, 2013, 10:53:10 AM
if you cant withdraw the fiat from one end, its not arbitraging isnt it??
That depends on the waiting period between buying your fiat and being able to transfer it to another exchange to sell it.The arbitrageable gap has existed for over a month and fiat withdrawals only take a week.
The only snag is if the price of fiat continues to drop at too fast a pace to maintain a sufficient spread.
If your aim is to acquire more fiat, it's easy. Simply sell high at an exchange with high prices such as Bitstamp or BTC-E, and buy low at MtGox. If the spread is sufficient, a mere week's wait is nothing to earn up to 10% on your investment. Since the sell and re-buy happen within minutes, the chance of the spread closing is negligible. Low risk, decent profit.
The "sell and re-buy happen within minutes"? Your going to need to show me how that's done in detail because I've been waiting almost 6 weeks to get cash out of Gox and it ain't happening. I haven't seen Mark Karpeles in the news or heard of an interview or seen a statement in months. Magical Tux hasn't posted here since early June. As far as I know the United States of Japan has taken him into custody and impounded MtGox to operate as a honey pot.
August 26, 2013, 10:46:15 AM
Gox is Oscillating so fast today it's audible.
August 26, 2013, 10:28:11 AM
if you cant withdraw the fiat from one end, its not arbitraging isnt it??
That depends on the waiting period between buying your fiat and being able to transfer it to another exchange to sell it.The arbitrageable gap has existed for over a month and fiat withdrawals only take a week.
The only snag is if the price of fiat continues to drop at too fast a pace to maintain a sufficient spread.
If your aim is to acquire more fiat, it's easy. Simply sell high at an exchange with high prices such as Bitstamp or BTC-E, and buy low at MtGox. If the spread is sufficient, a mere week's wait is nothing to earn up to 10% on your investment. Since the sell and re-buy happen within minutes, the chance of the spread closing is negligible. Low risk, decent profit.
August 26, 2013, 10:11:18 AM
34 difference between BX and Gox now. lol
go! try to arbitrage then! if you cant withdraw the fiat from one end, its not arbitraging isnt it??
It it even possible to get cash out of Gox anymore?
August 26, 2013, 10:05:16 AM
34 difference between BX and Gox now. lol
go! try to arbitrage then! if you cant withdraw the fiat from one end, its not arbitraging isnt it??
August 26, 2013, 10:02:54 AM
August 26, 2013, 10:02:22 AM
34 difference between BX and Gox now. lol
August 26, 2013, 09:02:52 AM
August 26, 2013, 08:03:08 AM
August 26, 2013, 07:58:50 AM
Price action is not overly impressive. I withdrew my coins and await bigger movements , looking for an entry. Its not about being right, but covering potential losses. Other opportunities will arise. Back to the 6-hour charts for me.
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