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Let's see if the Chinese have manned up in order to break the three thousand level.
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Slow but steady demand-driven price growth. Wonderful.  |
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Suppose that you have 10 BTC and 5000 USD in each of the exchanges X and Y. Suppose that the price has been rock solid at 500, with plenty of liquidity and tiny spread, in both exchanges. Your total worth is 20 BTC and 10000 USD.
Price drops in exchange X, and you see an ask of 1 BTC at 490 there. You buy 1 BTC at X for 490 and sell 1 BTC at Y for 500. Suppose that it raises the price at X back to 500 BTC.
You now have 11 BTC and 4510 USD at X, 9 BTC and 5500 USD at Y. Your total worth is now 20 BTC and 10010 USD -- you made a 10 USD profit.
If prices in X and Y fall below the price paid to acquire bitcoins minus the spread the arbitrageur incurs losses. I see speculation in X and speculation in Y under a central-bank-like approach, not strict arbitrage. |
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There is not enough time to actually send the coins from one exchange to the other, not to mention fiat. So arbitragers must keep fiat and BTC balances in both exchanges.
Arbitrage is to place what speculation is to time. I don't see how the method you have outlined would work: you don't level communicating vessels obstructing the connection. |
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Last moments to buy sub-430 USD.
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22:30 UTC ± ˝h might be fun.
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A dump near the $500 was expected. Traders painting a double top. Also, some people are expected to cash out before years end for tax reassons.
I was a little worried we where climbing very fast in the last few days, so dumps like these give me confidence we are not going to crash hard in the next leg up.
we should head back down to 395 fast and start another slowly climb immediately - Knock knock. - Who's there? - Correction. - How can I help you? - I'm here to inform you that the train is leaving soon. Destination: Unknown  |
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And china shit theirs pants  It was foreseeable Was it China? It looks to me like the heavy volume during the dump was on the USD exchanges (well, stamp and finex) - on the CNY exchanges volume didn't seem to change during the dump. Just petty Westerners overly anxious and with their eyes fixed onto the Chinese candles trying to anticipate any move. It's probably just Christmas. I've been waiting for the price to climb as high as it can before about the 20th so I can sell and use any realized profit for presents. I expect small batches of sell offs between now and the 24th on USD exchanges will continue to happen as people find things they want to give as gifts.
Adorable explanation. lol |
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Welp, called that one perfectly:  Anyone endowed with a minimum amount of common sense would have predicted that. When the price was 407 euros I set my buy limit at €382 and went to sleep (thankfully, or I'd have acted stupid). The question is: will it last? |
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A bull trap is glittering from beneath the foliage.
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So you can use BTC as you suggest alts should be used -- for moving your (presumably highly volatile) native currency into real money -- USD.
Yea, let's all convert our Bitcoin into Jewish paper confetti and watch as it goes to 0 value as they print an infinite amount more, great idea. You Zionist spammers from the JIDF that have already created over 5000 pro-central banking spam accounts need better propaganda.  Money is just a tool. Fortunately for you folks at the Fed not only look after price stability, but also employment level, moderate long-term interest rates and the exchange rate. The ECB in contrast follows monetarist approach (inflation targeting) exclusively. The results speak for themselves (GDP growth):  In the past a unit of currency may have been worth more than now, but today you get more of said units and, actually, the amount you earn in deflated today's US dollars is still greater than what people used to earn (especially for the rich). http://www.frbsf.org/economic-research/files/el2012-10-1.pnghttp://www.advisorperspectives.com/dshort/charts/census/household-incomes-mean-real.gifserious question for anyone here, what happens if the fed raises interest rates?
Financing cost increases, investment decreases due to deleveraging, more lay-offs and less hiring due to reduced investment. Bubbles inflated by cheap credit pop, especially in the emerging markets. Given the current level of indebtedness, anaemic demand and low global GDP growth the economic cycle might be headed downwards, as it's old already. |
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Tasa de cambio: 336'000 319'000 VEF
Disponibilidad: 1,23 BTC
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Pump in formation as we speak.
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as the hours pass the following hours become increasingly critical
Fearing a crash I dumped my coins during the (European) night of the last 24th. The next day I opened Bitcoinwisdom at noon and less than five minutes later the price started to climb. Losses or gains are realised within seconds. |
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Respondido.
Disponible: 1,17682 BTC
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The "sheets redaction" is probably automated, partially at least, but there's always an employee or a dedicated section supervising the process given its importance.
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In a "permissioned ledger" (i.e., a distributed mirrored decentralized tamper-resistant database for a closed set of non-anonymous, legally bound entities), transaction processing would be done by the member entities, for whom the service would be compensation enough; and/or by external contractors, who would get paid in dollars through banks, the old-fashioned way.
They already have what you've described. It is called SWIFT. Yes, I am sure that pretty good solutions that problem were known and used for many years before bitcoin. Those solutions may not be universally used for many reasons -- including inertia and risk avoidance. Or safety. Delays of hours or days in interbank transfers are an important safety feature, and maybe exist for that reason alone. When instantaneous transfers are possible, bank hackers and money launderers often take advantage of them, by passing the stolen money through several banks in quick succession, to delay the investigators. Kidnapping and armed robberies also becomes easier and safer, since the ransom can be paid from the victim's bank account and cashed out before the police becomes aware of the crime. As far as I'm concerned the delay isn't due to safety issues: since deposits aren't assets for banks but liabilities wire transfers transmit pieces of liabilities which the beneficiary bank has to accept, and to this regard banks have actual accounts open at other banks or, when this isn't the case, there is always a third party that does (which may be another financial institution or the central bank). This is the interbank market with fees (such as the federal funds rate, Euribor, Libor) pricing in the banks creditworthiness. The transfer orders of the day from the bank A to B are packed into a sheet which is edited in the afternoon and sent to B which will consider it the next work day morning. In the meantime bank B redacts the sheet with the transfer orders from B to A. From time to time only the differences are settled between the accounts of the banks held at each other, or between A, the intermediary and B. If one party goes bankrupt it can't honour its account any more and this affects the solvency of the other party or parties. There isn't anything even remotely similar to a distributed ledger in this process. |
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