Bitcoin Forum

Somebody notice that we went way past the $500 on MTGox?
Or is my internet playing up again :P

To*

Thats irrelevant. But we went past 3000 on BTCChina!

Why not relevant?
If I sell now (which I won't) I will have more profit which is relevant for me :D.

Because its the Chinese driving this car.

Do you think they will wreck this car?

Sorry - sold my crystal ball for Bitcoins ;)

Sure, there will be a correction / crash. We haven't gone parabolic yet, so there may be a long way to go still. But how long is anyone's guess. I am not selling yet because I fear that the low after the crash will be higher than the current price.

I share the new highers lows sentiment. I plan to put more fiat in hopes to buy at lows or new higher lows if I can't beat a correction ( not a crash I don't think a crash in imminent )

If it significantly drops i'm in more too...

Yes, every other exchange is following... BTC-e is currently at $460 which is really good for arbitrage...

Go ahead, sell your Bitcoins on Gox, transfer the fiat to BTC-e and take the ARB.
Hint: There is no such thing as a free lunch.

Incidentally, does anyone know what's going on at Gox? Where is the trading volume coming from, considering that you can't get money in or out? All mad bots trading with themselves?

Just because you can't get money in or out, it does not follow that no one can get money in or out.

I think it's generally a wise idea to quote prices of those exchanges that allow everyone to easily get their money in and out, not just some people :)

http://btcquote.com/
not a chart, but quotes Coinbase. My std. reference aorn.

Yeah, that's more like it, $500 handle is not reached yet on those exchanges that don't have issues with withdrawals, but shouldn't take long now.

Ah, so some people get to enjoy that arb. Nice way to do business. Almost like the traditional money industry.

Wrong! Although maybe Chinese bitcoin market is the biggest, but you are not driver,but only one of important motor running the car, driver is the market itself! Thx

No such thing.  If there was, the prices wouldn't be skewed like this.  Also, see below.


You can thank the traditional money industry.  Do you really think that gox decided to cut off 75% of their customers?

Once upon a time, there were a variety of ways to get money in and out of gox, and pretty much everyone could do it.  Over time, almost all of those ways closed up, leaving only wire transfers between Japanese banks.  This happened to every exchange, forcing most of them out of business.

Now, we have a variety of exchanges, but for the most part, each of them is only able to serve a relatively small portion of the world because the traditional banking industry in their country will only allow them to interact with locals.

Chinese exchange volume is largest, they set price, rest of the world follows  :)

Yup.  I tend to watch MTGOX simply because the dopamine release is greater. :-)

Why take a  5% arb when bitcoin goes up 5% a day anyways??

They do have a habit of making the car crash..

that is true. i keep hitting my bitcoin ticker app on my iphone to an extend that it is annoying family, friends, collegues - anyone. i think there is a dent in the surface of the glass cover of that phone where that app is sitting.

So..did you install the Coinbase app on your iphone before Apple deleted it from their app store?

why did they remove the coinbase app?

It's an addiction for sure.  I'd prefer to have a beautiful woman that's willing to hide in a cave with me for about a year.  It's really difficult to make that sort of arrangement though...

http://www.youtube.com/watch?v=UtKADQnjQmc

tickers they have almost 100 in the app-store. it´s wallets that they ban.  didn´t apple want to come up with somekind of e-money themselves?

If the stereotypes about Asian drivers are true, then without a doubt..