Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32887. (Read 26467976 times)
June 21, 2013, 12:17:46 AM
Today is anti-arbitrage today...
June 21, 2013, 12:16:10 AM
This thread is obsolete now. Good bye centralization around MtGoxUSD. This is good.
You so naive 
Nothing will change.Losers will be those one, who panic-buying coins right now
June 21, 2013, 12:12:42 AM
This thread is obsolete now. Good bye centralization around MtGoxUSD. This is good.
June 21, 2013, 12:07:46 AM
More than a $10 USD difference between Bitstamp and Mt.Gox... I mean, I get the press release and all... but that doesn't seem like a sufficient reason. Especially for people who have a lot of USD on Mt.Gox, you'd think they would be fine with waiting a few weeks for the issue to resolve... (which I think it will)
If they believe:
1) That MtGox is in trouble and that their MTGox USD will become worthless or only a few cents on the dollar
2) That (1) above will cause the BTC / USD exchange rate to plunge.
Then it makes a lot of sense to take up to a 20% loss by buying on MTGox and then selling on BitStamp.
You're kind of right about 1, for the time being, but wrong about 2. People can still deposit USD into the exchange, and chances are they are unaware that they can't withdraw for two weeks, or do not care.
It's not the value of USD on the exchange going down, so much as there being an influx of cash with only one escape, therefore creating artificial demand that will influence the other exchanges to grudgingly follow. All because of arbitrage.
June 21, 2013, 12:04:45 AM
http://blog.bitpay.com/2013/06/important-update-on-bitpay-exchange.html
So... who's the market price now?
Quote
Effective immediately, BitPay has temporarily stopped using Mt. Gox for determining the exchange rate for our invoices.
The rate calculation that BitPay uses for each invoice is now as follows:
1. Pull the full Level II market depth, on the bid side, from multiple exchanges.
2. Merge the market depths into one Consolidated Level II table.
3. Calculate the blended clearing price for the amount of the invoice, assuming an auto-routing market sell order across all exchanges, with zero commission.
The rate calculation that BitPay uses for each invoice is now as follows:
1. Pull the full Level II market depth, on the bid side, from multiple exchanges.
2. Merge the market depths into one Consolidated Level II table.
3. Calculate the blended clearing price for the amount of the invoice, assuming an auto-routing market sell order across all exchanges, with zero commission.
So... who's the market price now?
June 21, 2013, 12:01:09 AM
http://soundcloud.com/ytcracker/ytcracker-bitcoin-baron-v1-ssl
never a dull moment
their no way bitcoin is worth less then 10K each....
never a dull moment
their no way bitcoin is worth less then 10K each....
June 21, 2013, 12:00:04 AM
Meanwhile, Bitstamp is back to sub $100.
June 20, 2013, 11:59:30 PM
Neither do I when you consider no other exchange has any USD liquidity that can absorb a 5000 coin sell off.
But you could at least move the Bitcoin back to your own wallet for now.
Rather than something happens to mtgox, and all the money got frozen in there.
June 20, 2013, 11:56:18 PM
Some big impatient big buy at $115 .. weird.
Just a whale trying to push us up over the downward trend line. I think it is more like someone that need to transfer money out of MTGOX quickly are buying all the bitcoins he can, and moving the bitcoin to other US wire friendly exchange instead.
Neither do I when you consider no other exchange has any USD liquidity that can absorb a 5000 coin sell off.
June 20, 2013, 11:55:50 PM
June 20, 2013, 11:51:33 PM
June 20, 2013, 11:50:17 PM
Some big impatient big buy at $115 .. weird.
Just a whale trying to push us up over the downward trend line. I think it is more like someone that need to transfer money out of MTGOX quickly are buying all the bitcoins he can, and moving the bitcoin to other US wire friendly exchange instead.
June 20, 2013, 11:47:11 PM
(...) and moving the bitcoin to other US wire friendly exchange instead.
Which is...?
(2500 BTC could easily crash the price at Bistamp... or pretty much any exchange.)
June 20, 2013, 11:46:02 PM
Some big impatient big buy at $115 .. weird.
Just a whale trying to push us up over the downward trend line. I think it is more like someone that need to transfer money out of MTGOX quickly are buying all the bitcoins he can, and moving the bitcoin to other US wire friendly exchange instead.
June 20, 2013, 11:44:07 PM
Some big impatient big buy at $115 .. weird.
Just a whale trying to push us up over the downward trend line. June 20, 2013, 11:43:19 PM
Ok now I'm really tempted to buy at Bitstamp and sell at MtGox.
do it! and then wait 5 business days b4 selling
Wait for the panic buy to stop? No thanks!
June 20, 2013, 11:42:32 PM
Ok now I'm really tempted to buy at Bitstamp and sell at MtGox.
do it! and then wait 5 business days b4 selling
June 20, 2013, 11:42:26 PM
Some big impatient big buy at $115 .. weird.
June 20, 2013, 11:41:10 PM
Ok now I'm really tempted to buy at Bitstamp and sell at MtGox.
June 20, 2013, 11:41:06 PM
What is going on at mtgox? 
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