Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32735.

gandhibt

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Quote from: Loozik on August 20, 2013, 12:26:13 PM

Quote from: Its About Sharing on August 19, 2013, 01:45:09 PM

Quote from: Loozik on August 19, 2013, 12:36:58 PM

Your favourite daddy, Loozik, made a prediction on on 7 July that the price will make it from 66 to about 123 https://bitcointalksearch.org/topic/m.2673061

MESSAGE WITH HISTORICAL PREDICTION

Quote from: Loozik on July 07, 2013, 06:30:33 AM

Last chance guys to buy cheap coins.

CONFIRMATION

I HOPE YOU ENJOYED THIS TRADE

You're on a roll! Next prediction (up) please ;-)

I had already promised not to make any more BTCUSD calls. Even Shroomskit criticized me for posting them

If you were in my shoes would you post any calls after having being criticized by him?

But I will be watching BTCUSD with great interest.

"To avoid criticism do nothing, say nothing, be nothing." - Elbert Hubbard

"You will never reach your destination if you stop and throw stones at every dog that barks." - Winston S. Churchill

Loozik

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Activity: 378

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Born to chew bubble gum and kick ass

Quote from: Its About Sharing on August 19, 2013, 01:45:09 PM

Quote from: Loozik on August 19, 2013, 12:36:58 PM

Your favourite daddy, Loozik, made a prediction on on 7 July that the price will make it from 66 to about 123 https://bitcointalksearch.org/topic/m.2673061

MESSAGE WITH HISTORICAL PREDICTION

Quote from: Loozik on July 07, 2013, 06:30:33 AM

Last chance guys to buy cheap coins.

CONFIRMATION

I HOPE YOU ENJOYED THIS TRADE

You're on a roll! Next prediction (up) please ;-)

I had already promised not to make any more BTCUSD calls. Even Shroomskit criticized me for posting them

If you were in my shoes would you post any calls after having being criticized by him?

But I will be watching BTCUSD with great interest.

VolanicEruptor

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I didn't know we were playing baseball.

I'm out.

NewLiberty

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Gresham's Lawyer

Quote from: ardana123 on August 20, 2013, 11:09:40 AM

It's relevant in my case, as a european trading bitcoin in USD, i'm interested in the exchange rate usd/euro. So i wouldn't like it if the USD takes a tumble.
So, fed tapers: dollar rises, fed doesn't taper: dollar goes down, down, down.

To use a baseball analogy.
Monetary policy (Fed action) is the backstop. Fiscal policy (congressional+administrative spending control) is at bat.

When Fiscal policy strikes out, the dollar goes down down down. All monetary policy can do is keep some of the balls that our batters can't hit from sliding into the gutter, rolling into the sewer and out to sea.

Too much credence is given to the Federal Reserve wrt dollar valuation, but its not their game to lose, it is the absence of governance on government.

adamstgBit

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Quote from: ardana123 on August 20, 2013, 11:09:40 AM

It's relevant in my case, as a european trading bitcoin in USD, i'm interested in the exchange rate usd/euro. So i wouldn't like it if the USD takes a tumble.
So, fed tapers: dollar rises, fed doesn't taper: dollar goes down, down, down.

at this point it doesn't really matter if the fed tapers or not, their so many dollars out there, the dollar really should be worth a satochi, at best... maybe an LTCsatochi Cheesy

Its About Sharing

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Antifragile

Quote from: ardana123 on August 20, 2013, 10:55:12 AM

Some important info is expected to be revealed about the fed tapering issue tomorrow - what do you guys think the outcome will be? Will the fed effectively taper or not in september?

Let the crashing of the markets and currencies begin. Grin

Seriously, they are between a rock and a hard place. We already have 10 year bond rates going up with all the printing (very bad sign), once they
slow that down, things are likely to eventually implode. The markets are, of course, distorting a terrible economy and now the markets (without all that money coming in) will be hurt. Then what will he media say?
Or is the slowdown of "asset" purchasing things that effects consumers more directly?

That said, these people still have power and I wouldn't be surprised if they somehow manage to keep the ship afloat a bit longer. But I can't imagine more than 6 months to 18 months. We'll see...

ardana123

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It's relevant in my case, as a european trading bitcoin in USD, i'm interested in the exchange rate usd/euro. So i wouldn't like it if the USD takes a tumble.
So, fed tapers: dollar rises, fed doesn't taper: dollar goes down, down, down.

adamstgBit

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Quote from: Rampion on August 20, 2013, 10:59:47 AM

Quote from: ardana123 on August 20, 2013, 10:55:12 AM

Some important info is expected to be revealed about the fed tapering issue tomorrow - what do you guys think the outcome will be? Will the fed effectively taper or not in september?

I'd say that if we see a significant movement in the market prior to the announcement, then it will indeed be (somewhat) relevant.

oh this is relevant.

but it doesn't really matter if they succeed in tapering or wtv. IMO its going to work they will tighten, but they will do it really slowly and the markets will be affected...

bitcoin will rocket, no matter what Cool

JimboToronto

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You're never too old to think young.

Quote from: adamstgBit on August 20, 2013, 10:13:15 AM

Quote from: solex on August 19, 2013, 10:49:01 PM

Quote from: adamstgBit on August 19, 2013, 10:40:16 PM

BUY BUY BUY!!!!!!!!!!!

sry, somtimes i just cant hold it in. Cheesy

Have you loaded up using cavirtex yet? Seems like the cheapest coins in the world there...

ya, and i'm sending more money

Me too.

Rampion

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Quote from: ardana123 on August 20, 2013, 10:55:12 AM

Some important info is expected to be revealed about the fed tapering issue tomorrow - what do you guys think the outcome will be? Will the fed effectively taper or not in september?

I'd say that if we see a significant movement in the market prior to the announcement, then it will indeed be (somewhat) relevant.

ardana123

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Some important info is expected to be revealed about the fed tapering issue tomorrow - what do you guys think the outcome will be? Will the fed effectively taper or not in september?

Rampion

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Quote from: ?? on ??

Quote from: Rampion on August 20, 2013, 06:23:44 AM

Quote from: ?? on ??

Quote from: Rampion on August 20, 2013, 04:35:30 AM

Quote from: ?? on ??

Quote from: Rampion on August 20, 2013, 04:24:05 AM

Quote from: phoenix1 on August 20, 2013, 04:21:12 AM

Quote from: Rampion on August 20, 2013, 04:11:56 AM

An economist would say that the bid sum is clearly on a trajectory to infinity, and the ask sum to zero

Or "healthy amount of fiat in the order book, but supply of coins declining fast" - that should take the Gox price higher. If and when it touches $130ish at Gox, and if the spread with Bitstamp is still 15% of higher, I will try for sure some arbitrage. The opportunity is too big not to try.

It's gonna touch $130 Grin

TBH I don't think $130-$136 is such- big deal ... might take a couple of days to push through it, but S3052 and Vokain's Head and Shoulder Bottom is totally in play now, which would give target of about $160. Given the supply constraints and the constant buying pressure that could play out relatively quickly.

Definitely worth an arbitrage shot. I'll sell, ask for a withdrawal and see if it clears out quickly. If it does, there is a ton of money in arbitrage to be done.

Don't understand why you don't just ask for a (small) withdrawal now if you want to test Gox. Or are you assuming that a bigger one will clear quicker and you don't want to move that much out right now ?

Exactly. Back in the day, when I started using Gox, I "tested" it with a 100€ withdraw. That indeed took longer (10 business days or so at least), plus I had the unpleasant surprise to receive into my account only 65€ because of the various fees. But at least I touched with my hands they were "legit". Moths after that (post bubble obviously, after the big profits were met) I started making bigger and bigger withdraws, and they cleared super-fast. Heck, during the Dwolla aftermath with everybody complaining about huge SEPA delays I made 3 separate withdraws: 2 of them arrived to my account in 2 days and one of them in 3 days. To shut up the "I don't believe you" crowd and to be ready in case somebody wishes to bet I'm a liar I just posted the exact dates here: https://bitcointalksearch.org/topic/m.2970683

I will quote them here too:

Quote

WITHDRAW 1: requested June 3th, received on June 6th
WITHDRAW 2: requested June 4th, received on June 6th
WITHDRAW 3: requested June 9th, received on June 11th

So, if I'm going to take the risk to test how fast is Gox 2 months later my last withdraw to make arbitrage, I want to do it for a good profit - plus my experience tells me the bigger is the withdraw, the faster it clears. Thus for me there is no point in making arbitrage with less than 5 figures, not worth the hassle of the wait nor the money you lose in withdraw fixed fees with the different banks, etc.

Hey Rampion, tell me if your withdrawal from Gox takes now a few working days please. Because i'm waiting for a 900€ withdrawal since 15 of july (more than a month now), so if yours arrives first there is something i don't understand in all of this.

Regards.

I'll try if we break $130 consistently and the spread with Bitstamp is %15 or higher - if the conditions are met I'll report back for sure.

adamstgBit

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