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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32977. (Read 26498346 times)

sr. member
Activity: 266
Merit: 250
▼ mtgoxUSD    95.7259
▼ bitstampUSD    89.0500
▼ btceUSD    89.9860

It's interesting that the other exchanges are consistently trading lower than MtGox's low of 92. This has been going on for over a week now, so apparently there is still no efficient way to arbitrage it.

people are waiting to get their money out of gox so they can deposit it on the other exchanges.

But it's only a USD issue, why wouldn't they be taking EUR or YEN?

gox only does usd and euro? besides sepa transfers take like a month on gox

False. I recently requested 3 withdrawals, SEPA, 5 figures each, and they arrived to my account in 2/3 days.

Gox has tens of thousands of customers, if all the SEPA transfers had such delays we would see a shitstorm going on in these forums, while we still have $11M on Gox order book and trading goes on despite the low volume. Following my own personal experience, the delays are an exception, and I think if they weren't we would see panic, which we are not seeing

Plus you can do an international bank transfer instead of a SEPA one, and that shouldn't take more than 48hs.

I kinda agree with QuestionAuthority that Gox is being artificially sustained. I'm not so sure who's doing it tho.
hero member
Activity: 504
Merit: 500
▼ mtgoxUSD    95.7259
▼ bitstampUSD    89.0500
▼ btceUSD    89.9860

It's interesting that the other exchanges are consistently trading lower than MtGox's low of 92. This has been going on for over a week now, so apparently there is still no efficient way to arbitrage it.

people are waiting to get their money out of gox so they can deposit it on the other exchanges.

The other exchanges are showing a natural price based on trade.

yea that's why every time gox drops a $, the other exchanges do too. there's nothing natural about these markets, everybody is watching what's happening on gox since that's where the big players go.
legendary
Activity: 1148
Merit: 1018
▼ mtgoxUSD    95.7259
▼ bitstampUSD    89.0500
▼ btceUSD    89.9860

It's interesting that the other exchanges are consistently trading lower than MtGox's low of 92. This has been going on for over a week now, so apparently there is still no efficient way to arbitrage it.

people are waiting to get their money out of gox so they can deposit it on the other exchanges.

But it's only a USD issue, why wouldn't they be taking EUR or YEN?

gox only does usd and euro? besides sepa transfers take like a month on gox

False. I recently requested 3 withdrawals, SEPA, 5 figures each, and they arrived to my account in 2/3 days.

Gox has tens of thousands of customers, if all the SEPA transfers had such delays we would see a shitstorm going on in these forums, while we still have $11M on Gox order book and trading goes on despite the low volume. Following my own personal experience, the delays are an exception, and I think if they weren't we would see panic, which we are not seeing
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
▼ mtgoxUSD    95.7259
▼ bitstampUSD    89.0500
▼ btceUSD    89.9860

It's interesting that the other exchanges are consistently trading lower than MtGox's low of 92. This has been going on for over a week now, so apparently there is still no efficient way to arbitrage it.

people are waiting to get their money out of gox so they can deposit it on the other exchanges.

That's not it. ASIC manufacturers are selling slowly and shoring up the price unnaturally to keep as much profit as possible. They trust Gox, have a rapport with them and wouldn't trust one of the smaller exchanges. There should be a massive drop happening right now but they aren't letting it happen. The other exchanges are showing a natural price based on trade. Gox is showing an artificial price.
hero member
Activity: 504
Merit: 500
▼ mtgoxUSD    95.7259
▼ bitstampUSD    89.0500
▼ btceUSD    89.9860

It's interesting that the other exchanges are consistently trading lower than MtGox's low of 92. This has been going on for over a week now, so apparently there is still no efficient way to arbitrage it.

people are waiting to get their money out of gox so they can deposit it on the other exchanges.

But it's only a USD issue, why wouldn't they be taking EUR or YEN?

gox only does usd and euro? besides sepa transfers take like a month on gox
sr. member
Activity: 266
Merit: 250
▼ mtgoxUSD    95.7259
▼ bitstampUSD    89.0500
▼ btceUSD    89.9860

It's interesting that the other exchanges are consistently trading lower than MtGox's low of 92. This has been going on for over a week now, so apparently there is still no efficient way to arbitrage it.

people are waiting to get their money out of gox so they can deposit it on the other exchanges.

But it's only a USD issue, why wouldn't they be taking EUR or YEN?
hero member
Activity: 504
Merit: 500
▼ mtgoxUSD    95.7259
▼ bitstampUSD    89.0500
▼ btceUSD    89.9860

It's interesting that the other exchanges are consistently trading lower than MtGox's low of 92. This has been going on for over a week now, so apparently there is still no efficient way to arbitrage it.

people are waiting to get their money out of gox so they can deposit it on the other exchanges.
legendary
Activity: 1442
Merit: 1000
Antifragile
▼ mtgoxUSD    95.7259
▼ bitstampUSD    89.0500
▼ btceUSD    89.9860

It's interesting that the other exchanges are consistently trading lower than MtGox's low of 92. This has been going on for over a week now, so apparently there is still no efficient way to arbitrage it.

The amount of Bitcoins for sale on bitcoin.de has jumped from 4k to 5.5k recently. But the price there is in line with Gox.
Have a look at their order book. Once you find a buyer for your coins, the price is pretty close to where you are coming from. Really really interesting, an illusion of sort (at least according the market depth).
Shows me the market is really dissolving. Unless a few big buyers come in, this might get ugly...
legendary
Activity: 1442
Merit: 1000
Antifragile
N12
donator
Activity: 1610
Merit: 1010
▼ mtgoxUSD    95.7259
▼ bitstampUSD    89.0500
▼ btceUSD    89.9860

It's interesting that the other exchanges are consistently trading lower than MtGox's low of 92. This has been going on for over a week now, so apparently there is still no efficient way to arbitrage it.
sr. member
Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
Shroomskit, did you sell yet?

He'll sell at the bottom.

legendary
Activity: 1148
Merit: 1018
Shroomskit, did you sell yet?
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
Would not be putting too much money one hitting 104 before we drop again ... TBH I think the top may be in already and we may slide sooner rather than later

If Blitz is looking for what I think he is looking for, then he is looking for a technique called ''Four legged shaggy kung fu master kills the Dodo''.

I am myself looking to use this technique. I would rather not tell you what this technique is all about, because I would then feel the need to kill you.

We Xiaolin monks protect our secret techniques  Cheesy
hero member
Activity: 798
Merit: 1000
The green daily candle forming today is VERY similar to that of 25th of June, the day after the previous downmove. It is a bearish candle generally showing a failed attempt at a rally. Today looks like another failed rally after a step down. So if history repeats, we may go sideways for a day or two, followed by a continuation of the downtrend ... or not  Wink

Okay, then I'll go long when this pattern is completed. What price should I place my buy order?

I am looking at low 80's as the next target for a decent bounce personally

Man, are you viewing my posts as I'm writing them?  Grin

No, I am writing through you ... muhahahaha
legendary
Activity: 1442
Merit: 1000
Antifragile
Prediction for this week...

sr. member
Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
The green daily candle forming today is VERY similar to that of 25th of June, the day after the previous downmove. It is a bearish candle generally showing a failed attempt at a rally. Today looks like another failed rally after a step down. So if history repeats, we may go sideways for a day or two, followed by a continuation of the downtrend ... or not  Wink

Okay, then I'll go long when this pattern is completed. What price should I place my buy order?

I am looking at low 80's as the next target for a decent bounce personally

If the picture poster is correct with his two circled candles (he should have used a non-log scale and a better resolution) then one might expect:
- first the price to jump to 104
- then sharply decline to 86-84
- and then go up to about 105

This is just my assumption of what he might look for, if indeed he looked for the pattern in which we are now between point 3 and 4.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Yes the Libertarian ideal is a lie. That's the joke. Libertarians are Republicans in disguise.

If Libertarians were consistent, they'd be Anarchists Smiley

to clarify:

Libertarians: let's have just a little bit of cancer
Republicans, Democrats, Fascists, Communists: We love cancer. Let's have more of it!
Anarchists: WTF do not want

Yep, libertarians play the fence. They end up rich they're republicans, poor they're anarchists.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
I almost think Bitstamp gives a clearer picture, much less manipulated than Gox...

Just call it a "feeling" but I say we hit 80 ish on Bitstamp in the next few days, with a low point of maybe $75 (hard bounce). And it may be a very hard bounce, not a reversal, just a fake. I say that as there is so much downward pressure building that when it bottoms it is going to come up hard. I don't think I'll trade this, things might get violent, Kung Fu Violent!



No the only thing that will stop the pressure now is an event or announcement. A positive one of course. A negative one would just put the gas on.
legendary
Activity: 1442
Merit: 1000
Antifragile
The green daily candle forming today is VERY similar to that of 25th of June, the day after the previous downmove. It is a bearish candle generally showing a failed attempt at a rally. Today looks like another failed rally after a step down. So if history repeats, we may go sideways for a day or two, followed by a continuation of the downtrend ... or not  Wink

Okay, then I'll go long when this pattern is completed. What price should I place my buy order?

I am looking at low 80's as the next target for a decent bounce personally

Man, are you viewing my posts as I'm writing them?  Grin
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