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Topic: Wall Observer - MtGoxUSD wall movement tracker - page 407. (Read 1811599 times)

full member
Activity: 210
Merit: 100
full member
Activity: 210
Merit: 100
Have you guys noticed the EUR price at Bitcoin24? It's at 64 right now compared to 60 at MtGox and has been to 69.6 which translates to $89. One could easily make a handsome profit by doing some arbitrage.

How long does it take to withdraw Euros from Bitcoin24 then get the deposit to clear at MtGox? What can happen to the Bitcoin price in that time?

For short-term arbitrage, you just need to keep funding the accounts with BTC and $ then flip. You don't have to move the $ around at short notice.


Problem is: those EUR markets have been higher than mtgoxEUR for weeks now.

When you want to capitalize on this, you should act very fast, not moving euros around. You could for instance send 420 BTC to Bitcoin24 and sell for 63+, gaining EUR 26460. Then simultaneously buy 420 BTC for 61 EUR at MtGox with fiat you have in your account there. You just made 840 euros. A couple of these trades each week and you could give up your job.
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
Have you guys noticed the EUR price at Bitcoin24? It's at 64 right now compared to 60 at MtGox and has been to 69.6 which translates to $89. One could easily make a handsome profit by doing some arbitrage.

How long does it take to withdraw Euros from Bitcoin24 then get the deposit to clear at MtGox? What can happen to the Bitcoin price in that time?

For short-term arbitrage, you just need to keep funding the accounts with BTC and $ then flip. You don't have to move the $ around at short notice.


Problem is: those EUR markets have been higher than mtgoxEUR for weeks now.

Yeah I have a theory actually that mtgox's authentication time lags are the reason for this price swap between them and the other exchanges. If thats true, not only is it pushing more people into other exchanges (good for decentralization/ resiliency), its also insanely bullish.
donator
Activity: 2772
Merit: 1019
Have you guys noticed the EUR price at Bitcoin24? It's at 64 right now compared to 60 at MtGox and has been to 69.6 which translates to $89. One could easily make a handsome profit by doing some arbitrage.

How long does it take to withdraw Euros from Bitcoin24 then get the deposit to clear at MtGox? What can happen to the Bitcoin price in that time?

For short-term arbitrage, you just need to keep funding the accounts with BTC and $ then flip. You don't have to move the $ around at short notice.


Problem is: those EUR markets have been higher than mtgoxEUR for weeks now.
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
Have you guys noticed the EUR price at Bitcoin24? It's at 64 right now compared to 60 at MtGox and has been to 69.6 which translates to $89. One could easily make a handsome profit by doing some arbitrage.

How long does it take to withdraw Euros from Bitcoin24 then get the deposit to clear at MtGox? What can happen to the Bitcoin price in that time?

For short-term arbitrage, you just need to keep funding the accounts with BTC and $ then flip. You don't have to move the $ around at short notice.
donator
Activity: 2772
Merit: 1019
Have you guys noticed the EUR price at Bitcoin24? It's at 64 right now compared to 60 at MtGox and has been to 69.6 which translates to $89. One could easily make a handsome profit by doing some arbitrage.

bitcoin-central.net and bitcoin.de are currently around 62 and 63 also (best asks are €63.50 and €64.00, bids: €62.3 and €63.11). In a recent questionnaire, 67% of germans (as an example) worry about their savings being secure at banks. 54% do not believe Chancelor Angela Merkel when she says: "your savings are safe".
legendary
Activity: 1025
Merit: 1000
member
Activity: 110
Merit: 10
Have you guys noticed the EUR price at Bitcoin24? It's at 64 right now compared to 60 at MtGox and has been to 69.6 which translates to $89. One could easily make a handsome profit by doing some arbitrage.

How long does it take to withdraw Euros from Bitcoin24 then get the deposit to clear at MtGox? What can happen to the Bitcoin price in that time?
full member
Activity: 210
Merit: 100
Have you guys noticed the EUR price at Bitcoin24? It's at 64 right now compared to 60 at MtGox and has been to 69.6 which translates to $89. One could easily make a handsome profit by doing some arbitrage.
hero member
Activity: 518
Merit: 500
Bids are still above 7mil (not counting that huge buy wall) and asks at 50k BTC.  These conditions are similar to last week.

Translation: Despite today's slug match between bulls and bears at $75 the rocket is still fueled.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
depth to $80 slipping quietly again

We should call it the "Stealth Bear Retreat"Cheesy
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
depth to $80 slipping quietly again
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
No straight on the term comes out of the turtle trading rules.

Read them.

Loaded also means just having a lot of money to us normies.

I'm not a Loaded worshiper here though, I'm just sayin'

I chuckled a little.  Wink

Chuckled at me or chuckled with me?

I don't know. But judging from the other responses probably the latter.. Smiley
hero member
Activity: 533
Merit: 500
Well there...was... a huge 18K+ wall at $77 but that looks like it's now been broken or stair-stepped.  Not sure if eaten or just readjusted.  Finally price is bumping up again though.
hero member
Activity: 518
Merit: 500
No straight on the term comes out of the turtle trading rules.

Read them.

Loaded also means just having a lot of money to us normies.

I'm not a Loaded worshiper here though, I'm just sayin'

I chuckled a little.  Wink

Chuckled at me or chuckled with me?
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
No straight on the term comes out of the turtle trading rules.

Read them.

Loaded also means just having a lot of money to us normies.

I'm not a Loaded worshiper here though, I'm just sayin'

I chuckled a little.  Wink
hero member
Activity: 784
Merit: 1000
Large wall has moved to 76.5 from 77.

Someone trying to force the price down? To what end?

"Stop the rally for a moment, my wire transfer has not arrived yet."

probably Loaded preparing us for the upswing, or something Tongue

FYI: Loaded literally means invested to the maximal permitted amount. That also means he will get out of his position when it is no longer profitable.

Slight misinterpretation, he said he will only trade when there is a clear profiting opportunity.

No straight on the term comes out of the turtle trading rules.

Read them.

It's you who tried to literally interpret what he said, and if you do not personally know him how do you figure out he believes in the same set of trading rules as you do?
legendary
Activity: 1025
Merit: 1000
No straight on the term comes out of the turtle trading rules.

Read them.

Loaded also means just having a lot of money to us normies.

I'm not a Loaded worshiper here though, I'm just sayin'

+1  that's how we use the term loaded, as "having shitloads of money"
legendary
Activity: 1246
Merit: 1010
10am in Japan, wire xfers have time to be processed, wall goes away, market goes BOING!  Smiley


IMHO Loaded is conditioning us for when he needs to sell...
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