Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33059.

hlynur

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Quote from: Its About Sharing on June 20, 2013, 04:03:51 PM

I was really addressing the "manipulation" of Gox (e.g. - Todays wire news) and nothing against Bitstamp. I use them. Wink

What do you feel about Bitstamp using a Slovenian Bank and the recent problems there? I think they got cash from a sale and we are ok for a few months at least, if not longer.

i don't know if you can count on this, but slovenia has left-wing government right now with a female minister at the top and following her statements in the media,
she has a savings-program which is started already before eu commission starts to seize any bank accounts.
on top i suppose the nationalized banks would come first if this happens.
cyprus was another case - an island with very small economy and blown-up financial sector due to their role as a tax haven for greeks and people of other european countries
- even russians had accounts there)
slovenia and its role as a country is another thing. The european commission will pump money in for quite some time before they start seizing their banks.

that's just me talking stuff i read on german newspapers and saw in some documentaries Tongue

,
but imo slovenian banks have at least half a year and you will smell the seizure months away in the news before.
(in cyprus they let the seizure get to the news directly before a weekend, so there was lesser slippage)

i would rather be more concerned about bitcoin regulation in europe in general.

Richy_T

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Quote from: byronbb on June 20, 2013, 04:13:33 PM

Time to get into the goxusd to cash business.

The best bet might be to start a small bank like a credit union that doesn't deal directly with Bitcoin but is designed to support Bitcoin businesses where they need to touch fiat. Maybe make investments be in $ but fees and dividends be in BTC

Its About Sharing

legendary

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Antifragile

Quote from: crazy_rabbit on June 20, 2013, 04:11:52 PM

Quote from: Its About Sharing on June 20, 2013, 04:03:51 PM

Quote from: crazy_rabbit on June 20, 2013, 03:53:22 PM

Quote from: Its About Sharing on June 20, 2013, 03:45:35 PM

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

I'm a former gox user and now a bitstamp user. To be honest- I trade on Bitstamp because I'm not interested in the drama at Gox and I'm not interested in squeezing every last satoshi of profit out of every price swing. I have a feeling a large number of Bitstamp users feel the same. We will buy and sell when the price suits our interests, but the low volume is just fine. While Gox is $6 above stamp, it feels ephemeral- I'm more convinced it's someone manipulating the market into people raising their buy orders, just to dump on them big time. It's like a cycle. I'm more then happy to sit at $6 below in exchange for a calmer market.

I was really addressing the "manipulation" of Gox (e.g. - Todays wire news) and nothing against Bitstamp. I use them. Wink

What do you feel about Bitstamp using a Slovenian Bank and the recent problems there? I think they got cash from a sale and we are ok for a few months at least, if not longer.

what sale?

http://www.businessweek.com/news/2013-06-16/mercator-sale-helps-stabilize-slovenian-banks-amid-fiscal-crisis

The sale of Mercator Poslovni Sistem d.d. to Croatia’s Agrokor d.d. will inject needed cash into Slovenian banks, helping stabilize the country’s financial system as it scrambles to avert a bailout, the sellers said.

“A successful sale of Mercator would increase capital inflow to its shareholders, including the financial institutions that need additional capital,” a sellers group said by e-mail on June 14 through Ljubljana-based PR firm Futura. “This would help stabilize Slovenia’s banking system in accordance with European Union demands.”

Slovenia’s two biggest banks, Nova Ljubljanska Banka d.d. and Nova Kreditna Banka Maribor d.d., are among shareholders that on June 14 sold a 53 percent stake in the Balkans’ largest retailer to Zagreb-based Agrokor for 240 million euros ($320 million). Slovenia is working to avoid becoming the six euro-area country to require international aid with a 900 million-euro capital increase to banks as the European Commission warns more cash may be needed.

(It goes on...)

ft73

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Quote from: Voodah on June 20, 2013, 04:05:45 PM

Wait a sec now.. so you're saying they gonna pay over 100% annually?
Are these numbers correct?

Not, avg dividend should be around 0.0005 BTC per share / day.
By the moment i posted that more info were provided here: https://bitcointalksearch.org/topic/m.2533488
ASICminer revenues within previous dividends were underexistimated.

First partial ASIC dividend i just received was 0.00025224 BTC per share / day.
Holding some, as well as ASICMiner and RSM shares for better diversification.
Sold with good profit the surplus.

byronbb

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HODL OR DIE

Time to get into the goxusd to cash business.

ShroomsKit

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Quote from: ft73 on June 20, 2013, 03:35:58 PM

Quote from: ShroomsKit on June 20, 2013, 03:06:53 PM

That's why i usually never buy based on someone else's "hints"

But it's ok, i wanted to buy anyway in this case.

I was genuinely willing to help.
However, you have a msg.

Got it.
I normally don't share private pm's but he told me he will refund the small donation i sent to him in case i felt bad about it.
That's classy dude...and totally not necessary.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Its About Sharing on June 20, 2013, 04:03:51 PM

Quote from: crazy_rabbit on June 20, 2013, 03:53:22 PM

Quote from: Its About Sharing on June 20, 2013, 03:45:35 PM

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

I'm a former gox user and now a bitstamp user. To be honest- I trade on Bitstamp because I'm not interested in the drama at Gox and I'm not interested in squeezing every last satoshi of profit out of every price swing. I have a feeling a large number of Bitstamp users feel the same. We will buy and sell when the price suits our interests, but the low volume is just fine. While Gox is $6 above stamp, it feels ephemeral- I'm more convinced it's someone manipulating the market into people raising their buy orders, just to dump on them big time. It's like a cycle. I'm more then happy to sit at $6 below in exchange for a calmer market.

I was really addressing the "manipulation" of Gox (e.g. - Todays wire news) and nothing against Bitstamp. I use them. Wink

What do you feel about Bitstamp using a Slovenian Bank and the recent problems there? I think they got cash from a sale and we are ok for a few months at least, if not longer.

what sale?

dexX7

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Quote from: byronbb on June 20, 2013, 03:13:39 PM

Where do you trade these? And is this graph from there?

https://btct.co/security - no out of the box charting, but you can try http://coinflow.co/.

Quote from: crazy_rabbit on June 20, 2013, 03:53:22 PM

I'm a former gox user and now a bitstamp user. To be honest- I trade on Bitstamp because I'm not interested in the drama at Gox and I'm not interested in squeezing every last satoshi of profit out of every price swing. I have a feeling a large number of Bitstamp users feel the same. We will buy and sell when the price suits our interests, but the low volume is just fine. While Gox is $6 above stamp, it feels ephemeral- I'm more convinced it's someone manipulating the market into people raising their buy orders, just to dump on them big time. It's like a cycle. I'm more then happy to sit at $6 below in exchange for a calmer market.

This. Without a closed money loop between Gox and Bitstamp, it is what it is. And while a cheaper price means you get less $ for selling BTC, it also means you can buy more coins for your cash. The relative price change is more or less the same and the gap between those two isn't always like this. There were even times, where Bitstamp was higher valued.

hlynur

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Activity: 770

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Quote from: crazy_rabbit on June 20, 2013, 03:53:22 PM

Quote from: Its About Sharing on June 20, 2013, 03:45:35 PM

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

I'm a former gox user and now a bitstamp user. To be honest- I trade on Bitstamp because I'm not interested in the drama at Gox and I'm not interested in squeezing every last satoshi of profit out of every price swing. I have a feeling a large number of Bitstamp users feel the same. We will buy and sell when the price suits our interests, but the low volume is just fine. While Gox is $6 above stamp, it feels ephemeral- I'm more convinced it's someone manipulating the market into people raising their buy orders, just to dump on them big time. It's like a cycle. I'm more then happy to sit at $6 below in exchange for a calmer market.

i love it how your user pic mirrors the satisfaction in your comment

Voodah

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Quote from: ft73 on June 20, 2013, 02:13:58 PM

Quote from: ShroomsKit on June 20, 2013, 02:09:29 PM

Quote from: Abandon on June 20, 2013, 02:08:02 PM

Quote from: ShroomsKit on June 20, 2013, 02:06:34 PM

Quote from: ft73 on June 20, 2013, 02:01:14 PM

-off-topic mode on-

Hint: https://btct.co/security/BASIC-MINING
today figures: https://bitcointalksearch.org/topic/m.2532580

Price already rose much today, but math is hinting up-to 2% dividend per share/week at current price.
You guess what would happen?

Ah ... tips here: 11NVfnzD1PRm7FzJwbBT3vP6KH2PwRTjU

-off-topic mode off-

Yeah, was about to buy some earlier today, figured the price already peaked and would go down again. Ofcourse i was wrong.
I can buy now but i can guarantee you the price will drop 1 minute after my buy.

I would have bought myself, but the shares are too expensive for me. Instead I went with DMS.

Too expensive based on what? Serious question as i'm considering buying.

Let's do a little math.
Daily dividend was 0.00013, weekly is 0.00093.
Hashrate is going to multiply roughly by 30x.
Current price is around 1.20.

30 x 0.00093 / 1.20 = 0,02325

theorically meaning 2,3% weekly dividend, paid daily.
Percentually it's about 3x / 4x latest AsicMiner dividend (i'm a shareholder too).
Still doubts?

Wait a sec now.. so you're saying they gonna pay over 100% annually?

Are these numbers correct?

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: crazy_rabbit on June 20, 2013, 03:53:22 PM

Quote from: Its About Sharing on June 20, 2013, 03:45:35 PM

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

I'm a former gox user and now a bitstamp user. To be honest- I trade on Bitstamp because I'm not interested in the drama at Gox and I'm not interested in squeezing every last satoshi of profit out of every price swing. I have a feeling a large number of Bitstamp users feel the same. We will buy and sell when the price suits our interests, but the low volume is just fine. While Gox is $6 above stamp, it feels ephemeral- I'm more convinced it's someone manipulating the market into people raising their buy orders, just to dump on them big time. It's like a cycle. I'm more then happy to sit at $6 below in exchange for a calmer market.

I was really addressing the "manipulation" of Gox (e.g. - Todays wire news) and nothing against Bitstamp. I use them. Wink

What do you feel about Bitstamp using a Slovenian Bank and the recent problems there? I think they got cash from a sale and we are ok for a few months at least, if not longer.

ChartBuddy

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crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Its About Sharing on June 20, 2013, 03:45:35 PM

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

I'm a former gox user and now a bitstamp user. To be honest- I trade on Bitstamp because I'm not interested in the drama at Gox and I'm not interested in squeezing every last satoshi of profit out of every price swing. I have a feeling a large number of Bitstamp users feel the same. We will buy and sell when the price suits our interests, but the low volume is just fine. While Gox is $6 above stamp, it feels ephemeral- I'm more convinced it's someone manipulating the market into people raising their buy orders, just to dump on them big time. It's like a cycle. I'm more then happy to sit at $6 below in exchange for a calmer market.

Miz4r

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Activity: 1246

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Quote from: Its About Sharing on June 20, 2013, 03:45:35 PM

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

I've seen similar or larger differences after the dwolla issue.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Richy_T on June 20, 2013, 03:42:51 PM

Quote from: adamstgBit on June 20, 2013, 03:33:49 PM

their no question walls are used to manipulate people into buying or selling.
depending the the markets mood, a wall can push or pull the price toward or away from it.

Definitely. I think the way it's changing is more indicative than how it actually is. Shallow depth can mean to take less notice of price changes too. I think it might be possible to factor out some of the orders which are likely to be fake but that's more work than I can devote right now.

But, low volume on the wall is pretty true imo. Easy to pull orders of course, but not to lie about no interest.
I know it is "only" Bitstamp, but it won't take many sells to drop the price. I really wonder if that happened on Bitstamp how Gox would react.

Its About Sharing

legendary

Activity: 1442

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Antifragile

Biggest disparity I have yet seen.

Bitstamp - $105.75
MtGox - $112.20

$6.45 difference, quite telling considering todays news.

Richy_T

legendary

Activity: 2576

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: adamstgBit on June 20, 2013, 03:33:49 PM

their no question walls are used to manipulate people into buying or selling.
depending the the markets mood, a wall can push or pull the price toward or away from it.

Definitely. I think the way it's changing is more indicative than how it actually is. Shallow depth can mean to take less notice of price changes too. I think it might be possible to factor out some of the orders which are likely to be fake but that's more work than I can devote right now.

ft73

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Activity: 564

Merit: 508

Quote from: ShroomsKit on June 20, 2013, 03:06:53 PM

That's why i usually never buy based on someone else's "hints"

But it's ok, i wanted to buy anyway in this case.

I was genuinely willing to help.
However, you have a msg.

adamstgBit

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Trusted Bitcoiner

Quote from: Its About Sharing on June 20, 2013, 03:18:07 PM

Back to "The Wall" - I'm curious what some of you more experienced traders think about the value of market depth. For example, say what chart buddy is posting.

Those of you that rely on market depth, how much do you use it, relative to TA? I ask because Market Depth can be and clearly is at times, very manipulated. Yes, we are in the wall
thread, but I am really starting to wonder how much attention to give what chart buddy is posting relative to just looking at the charts. Perhaps I just need to weigh one relative to the
other a bit better. Even with TA, BTC is a different animal...

IAS

their no question walls are used to manipulate people into buying or selling.
depending the the markets mood, a wall can push or pull the price toward or away from it.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Back to "The Wall" - I'm curious what some of you more experienced traders think about the value of market depth. For example, say what chart buddy is posting.

Those of you that rely on market depth, how much do you use it, relative to TA? I ask because Market Depth can be and clearly is at times, very manipulated. Yes, we are in the wall
thread, but I am really starting to wonder how much attention to give what chart buddy is posting relative to just looking at the charts. Perhaps I just need to weigh one relative to the
other a bit better. Even with TA, BTC is a different animal...

IAS

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33059. (Read 26497254 times)