Any particular reason why Arb bots are not buying BTC from finex and selling them on Bitstamp, Gdax and Gemini. Surely a spread of 5% plus that Finex had for quite some time would be worth it. I would think the arb bots would be bringing these markets closer together. What is Spoofy up to?  Bitfinex prices are not real USD but USDT, which is at this moment 2% over USD. That reduces 5% to 3% profit. Also Bitstamp doesn't do USDT. I think Gdax and Gemini neither. That 3% is probably not worth arbitraging in a so volatile moment like this and Bitfinex adds too much third party risk over other exchanges (which also have some third party risk). Lastly, you can only do that once if you have the funds already in both exchanges. After that, you need to transfer the funds, pay tx fee's, wait for only god knows how long until the exchange release the withdrawal and it gets enough confirmations on the receiving exchange. So... in the end a theoretical 5% spread is not that much when all factors taken into consideration. I thought the arb bots don't actually transfer coins via exchanges very often. I thought they have both assets on both exchanges and simply make the exchanges simultaneously on both exchanges. For example, I use my USDT on Bitfinex to buy BTC and at the exact same time sell some of my BTC on Bitstamp or Gdax. The only time that I would have to worry about transfers is if the supply of one of my assets is low. My understanding was that arb bots do not do"all in" trades, but many small trades, so the don't get stuck having to transfer assets too often. That only works if the exchanges keep swapping sides. Normally one is permanently higher than the other. The amount that coinbase is above other exchanges keeps changing, and during crashes coinbase is lower. |
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It looks like it secretly might want to do one more to somewhere between $8K and $12K. There still wasn't enough volume.
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2011: 1 btc = 1 skateboard
2013: 1 btc = 1 bicycle
2014: 1 btc = 1 moped
2017: 1 btc = 1 fiat
2023: 1 btc = 1 lambo
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95% of people are here for fiats.
I don't know what the hell they're thinking.
They should be shooting for lambos.
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I didn't think bitcoin could be this volatile with the size of market cap it has now. I was wrong.
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Are you referring to like kind tax rule? I wonder if that applied to USDT as well? Either way its going away in the coming tax plan.
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The top was 3500. Todays bottom was 1155. Thats a drop of 67%. Regular btc only dropped 45%. Now gbtc is back to 1990. You could have done pretty well trading. I wonder if you can leverage those too.
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$8K for now. Then there could be a 2011 or 2014 style slow grind to $3K a year down the road.
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Idk if I agree with $500 but it could be the catalyst for my 'impossible' call of of $5.5k or $3k.
Question:
When BFX goes down, does it take Tether with it?
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Crypto is now worth $600 billion. However, the majority of fiat transfer is still handled by a handful of small companies including Coinbase, Bitfinex, and Bitstamp. Do you think whenever the bubble pops and everyone is withdrawing, the liquidity will hold? Or will there be huge delays, or will we have another mtgox even? I want so badly to wait and trade the bottom of a crash but I'm not sure if I trust the exchanges and the time to withdrawal may be now while everything is uppity.
Another question: Is tether going to collapse?
what bubble? The sharp deviation above the mean caused by a 2000% increase in less than a year. In btc we refer to these events that occur every 3 years as 'bubbles' but it doesn't mean btc as a whole is a bubble |
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Because exchanges have sell buttons next to the buy button and there isn't just one
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You guys all have your theories behind the dip. I think it's just because Bitfinex was faulting
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Is bitfinex the new gox?
You're better than that kind of comment Tera , you targeting 6k or 3k to get back in ? Has nothing to do with a price prediction. I am just watching the wierd action, low volume, and huge arb at finex and wondering if something is going on there. It seems Bitstamp has become the leader and Finex is doing its own thing, or being hacked, or something. |
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If it dropped below the all time low I'd be worried. Dropping below the all time high is expected.
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Sorry folks. This is hitting all my panic buttons. I can't help it. I should go back into hiding. I think my nerves are shot.  My psychiatrist asked if I was traumatized as a child and I said no but I lived through MtGox, and then everything clicked. |
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 I dont get it. Where is all this red you're talking about? |
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Wow it's $15,000? Last time I looked at the chart in januaryit was $1000. wtf happened? Why is it so high?
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Today if you played the trade exactly right you could have increased your coins a whopping 20%. As of now fiat is up 15% for the day. But, meanwhile, dogecoin rallied 100% the other day and ripple is up 50% today and 400% this month. You could have made much more coin trading these instead of fiat. Nevertheless, I dont see anyone screaming about dogecoin nor about ripple. Just fiat and its pathetic 15% movement. What is the obsession with fiat?
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This actually doesnt look like the crash at all. Based on this chart we could be 40k by feb
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