I would like to hear the reasoning behind up I am curious myself.
Buying slippage free makes it likely the auction price will be above market. Exactly. It's a gift from sky for some whales. If they wanted to buy 30k on exchange they would drove price up by few hundred dollars. |
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Great, hopefully they'll auction 170k coins soon. Time to get rid of that FUD dream argument once for all. Then there is just one direction to move  |
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He is so wrong . There is many ways to look at that graph but that way is not in them  . Actually he is currently short term bull, thinking that it will go to 660 soonish: https://i.imgur.com/8BfS5U9.pngHe is changing his targets and predictions 7 times a day. Then one makes good and he wanks on the sofa because everyone says DanV is so cool. If we get to 300$, then he'll have some credibility with me though. So far he is just throwing things around like each TAer - if we go to there, then we might go to there. But if we go to there, than there is a chance we might visit there. bla-bla. And all that while not being invested into Bitcoin at all. |
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In before TERA comes and claims she played all dips and bounces perfectly  |
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Haha, this is Sparta |
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Like in good old times, lol
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i.e. If someone has 100 BTC on Stamp and 100 BTC on Bitfinex, and a pile of USD on both, why not take advantage of times like these to take advantage of the cheap BTC on Stamp by switching to 150 BTC on Stamp, and 50 BTC on Bitfinex. Doing so would give the trader the same amount of BTC, but more Fiat. There must be people in Bitcoin who are set up in this way. Anyone with a considerable stake in Bitcoin must infact be set up this way.
That's only valid in flat market which Bitcoin rarely is. If you are in bull market than you don't give a shit about arbitrage and fiat, and if you're in bear market than you don't give a shit about arbitrage and bitcoins. My night to be disagreeable I guess. I contend that it is not only valid in a flat market. An arbitrage strategy can be robust against trends. You can do the arb continuously in that case, even while you participate in the trend by taking a view. In fact, it is wise to do so, because it creates a portfolio effect. Whatever makes you happy. I personally think it's pretty stupid to be in fiat at any time during big pumps unless you sell in front of resistance to be on safe side and rebuy when it's broken. Otherwise you're just losing big gains while hunting small arbitrage opportunity. Similar with btc in bear markets. |
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All you do is sob.
How is this sobbing? How it is not? |
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What's with all the people who bought at $660? The trend was clearly breaking at $460. Why didn't you buy then? You should be up 40% right now and still be up 25% even at the bottom of the upcoming correction. Instead I hear all these sob stories "oh no I bought at $660 after the 50% increase. How am I going to live through the correction in the mid 500s? Woe is me."
Why do you excluding they bought before? Many were buying and selling at pivot points during the rise. 660-670 was the one and it looked we might go higher numerous times we were at that level. |
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Guess lot of people withdrawing coins from Stamp emptied their hot wallet. Lat 7.67 btc I initiated to withdraw is taking almost an hour still waiting to be processed.
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This looks like coordinated action by Google, Yahoo and Xe
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Your assumption is not too unlikely, but with bitcoin we have no option for high speed trades between exchanges, except if they were conducted over an interchanging platform off-blockchain.
Bitcoin arbitrage is meh, the transaction time is slightly too slow to allow consistently efficient arbitrage.
Unless someone had accounts on both exchanges where they maintained a balance of fiat and Bitcoin depending on what Bitcoin was doing. i.e. If someone has 100 BTC on Stamp and 100 BTC on Bitfinex, and a pile of USD on both, why not take advantage of times like these to take advantage of the cheap BTC on Stamp by switching to 150 BTC on Stamp, and 50 BTC on Bitfinex. Doing so would give the trader the same amount of BTC, but more Fiat. There must be people in Bitcoin who are set up in this way. Anyone with a considerable stake in Bitcoin must infact be set up this way. That's only valid in flat market which Bitcoin rarely is. If you are in bull market than you don't give a shit about arbitrage and fiat, and if you're in bear market than you don't give a shit about arbitrage and bitcoins. |
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We can't expect volume to be same when Bitcoin is 10$ and when it is 1000$ but for it to come to 1000$ there needs to be lot of money pumped in so that new money cancels part of price rise so yeah, volume usually still needs to be high to move the price - amount of base currency to trade is still about the same, it's only more USD that needs to be pumped into economy to move it further.
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What a crazy spread, lol  |
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The one thing I hate about Bitcoin rising is fonzie inevitable come to post his shit each 2 minutes. Was so good without him while we were at bottom. What a sad fuck.
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Why is Bitstamp lower than even BTC-E?
Last time Stamp was most bearish was when we went to 400 when Gox bancrupted. This time it does not look like that - I can imagine Huobi being closed by the Chinese government, buy BTC-e? Not likely it is in trouble. I was expecting something like that when it was announced one cannot withdraw fiat anymore from Chinese exchanges. For those who bought at China, selling at Bitstamp is not only an opportunity to withdraw fiat, but they can also convert yuan to $$$ at the same time. There were no hidden thoughts in my post, I never hinted some exchange might close, just noted the facts about when it happened last time- |
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Where's the arbitrage? It's still middle of the week. It's ridiculous how inefficient this market is.
not worth it yet. Fees cost 2-3$ per btc on each of exchanges, and it's only 3-4$ difference. |
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Why is Bitstamp lower than even BTC-E?
Last time Stamp was most bearish was when we went to 400 when Gox bancrupted. so, gox will go bankrupt again? |
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