[DASH] Dash Price and Trade Discussion Thread

[qwizzie]

Hey, can you do me a favor and post the text you use to pull data from Poloniex into your spreadsheet? I use the coinmarket cap feed and I couldn't make the switch to Poloniex work.

I'd really appreciate it.

Pablo.

A1                                                                                                            L1
=IMPORTHTML("http://www.worldcoinindex.com/coin/dash","table","0")        =IMPORTHTML("http://www.worldcoinindex.com/coin/dash","table","1")

A16             B16  
Dash (BTC)  =C2/B17
A17             B17
BTC (USD)  =B25

A21
=IMPORTHTML("https://bitcoinwisdom.com","table","0")

This converts Dash Poloniex USD price into Dash Poloniex BTC price
Cell P2 will show the Dash % increase USD on Poloniex (+9.77%)

[fible1]

Thanks mate.

Pablo.

[razen489]

Resilient.. ever since the recent BTC bull 
https://www.coingecko.com/en/price_charts/dash/usd

[Lebubar]

Lot of selling pressure right now.
As often when BTC is going north...

We'll see if this BTC rally is due to auction that is for the 4th of November? (not sure of the date).

[qwizzie]

Lot of selling pressure right now.
As often when BTC is going north...

We'll see if this BTC rally is due to auction that is for the 4th of November? (not sure of the date).

yeah, i'm noticing it too. I suspect some daytraders are converting Dash to BTC due to the rising BTC price
(mostly originating from Chinese exchange Huobi). I'm not so sure its related to the auction as thats taking place in the USA while all the
buy-pressure is emerging from China due to increasing volume on the exchanges there.

With the Chinese economy showing signs of slowing down, maybe traders are looking for ways to avoid the Chinese
monetary control systems in place there ..

https://bitcoinwisdom.com/markets/huobi/btccny
(put interval on 1W and Indicator on OBV and you will see what i mean)

I guess we will have a bumpy road ahead, as will all altcoins.

[Lebubar]

Lot of selling pressure right now.
As often when BTC is going north...

We'll see if this BTC rally is due to auction that is for the 4th of November? (not sure of the date).

yeah, i'm noticing it too. I suspect some daytraders are converting Dash to BTC due to the rising BTC price
(mostly originating from Chinese exchange Huobi). I'm not so sure its related to the auction as thats taking place in the USA while all the
buy-pressure is emerging from China due to increasing volume on the exchanges there.

With the Chinese economy showing signs of slowing down, maybe traders are looking for ways to avoid the Chinese
monetary control systems in place there ..

https://bitcoinwisdom.com/markets/huobi/btccny
(put interval on 1W and Indicator on OBV and you will see what i mean)

I guess we will have a bumpy road ahead, as will all altcoins.

Yes you are probably right.

For Dash I think it's fine : 4K sell on Polo and 1K sell on crypty during the same half am hour, I still ~72.

For BTC what amaze me is the diference between the sites :
Bitstamp 348.16
BTC-e 319.474
Bitfinex 348.98
Huobi 365.21/2303.03

What happen with arbitrage??

[qwizzie]

Lot of selling pressure right now.
As often when BTC is going north...

We'll see if this BTC rally is due to auction that is for the 4th of November? (not sure of the date).

yeah, i'm noticing it too. I suspect some daytraders are converting Dash to BTC due to the rising BTC price
(mostly originating from Chinese exchange Huobi). I'm not so sure its related to the auction as thats taking place in the USA while all the
buy-pressure is emerging from China due to increasing volume on the exchanges there.

With the Chinese economy showing signs of slowing down, maybe traders are looking for ways to avoid the Chinese
monetary control systems in place there ..

https://bitcoinwisdom.com/markets/huobi/btccny
(put interval on 1W and Indicator on OBV and you will see what i mean)

I guess we will have a bumpy road ahead, as will all altcoins.

Yes you are probably right.

For Dash I think it's fine : 4K sell on Polo and 1K sell on crypty during the same half am hour, I still ~72.

For BTC what amaze me is the diference between the sites :
Bitstamp 348.16
BTC-e 319.474
Bitfinex 348.98
Huobi 365.21/2303.03

What happen with arbitrage??

That is a good question, i'm not sure how fast arbitrage could work across all these different exchanges. Maybe someone can enlighten us..

Edit : it could be that for the Chinese traders its more attractive to stay in Bitcoin currently (instead of the weak CNY FIAT) then the other exchanges who have
safe havens in the form of stronger EURO & USD FIAT...

[italeffect]

Think about how slow it is to move BTC between sites, 30 mins if your lucky, more likely an hour. And fiat takes 2-4 days. Unless you were fully stocked with both on all exchanges the arbitrage ability is limited on a quick run up like right now. I would assume most anyone that was in a position to make money on the difference has done so.

[Lebubar]

Think about how slow it is to move BTC between sites, 30 mins if your lucky, more likely an hour. And fiat takes 2-4 days. Unless you were fully stocked with both on all exchanges the arbitrage ability is limited on a quick run up like right now. I would assume most anyone that was in a position to make money on the difference has done so.

Sure, but what about :

Someone have $ and BTC on bitfinex (or Bitstamp), and Yuan and BTC on the chineese, then all is possible.

I guess it's more like you can't easily open an account there if you are not chineese?
And vice-versa..?

[italeffect]

You can certainly create an account on the Chinese BTC sites and sell BTC at the high rate - but you can't withdraw dollars to a US bank account, for instance, so it becomes somewhat impossible to complete the arbitrage loop. There are ways to do it. But likely you need to have a presence and banking relationships setup in multiple countries. Or conspire with someone actually in China for instance.

[toknormal]

Great thread.

[qwizzie]

Great thread.

Feel free to participate 

[toknormal]

It's a smash & grab. Huobi just went over $380.

As long as the alts don't totally decouple (which they mostly don't), I'd expect a bit of a dip followed by a rally as the elastic takes up the strain.

[Sub-Ether]

You can certainly create an account on the Chinese BTC sites and sell BTC at the high rate - but you can't withdraw dollars to a US bank account, for instance, so it becomes somewhat impossible to complete the arbitrage loop. There are ways to do it. But likely you need to have a presence and banking relationships setup in multiple countries. Or conspire with someone actually in China for instance.

I tried signing upto huobi and had an email but with not link for confirmation, it looked like an error message in Chinese.
what did I do wrong?

[toknormal]

This is exciting. I don't think I've checked the time in China for nearly 2 years  

(China waking up in...    )

P.S. I don't understand why all the big trades on Huobi appear to be sells and yet the price keeps rising.

EDIT: Probably because traders place their buy orders just inside the spread and then they get sold into, rather than buying into the asks.

[toknormal]

Go on gridcoin, just a bit more! No idea what gridcoin is btw

LoL ! That's naughty.

[toknormal]

Well, from this level it took about 10 days to get to $1000 bitcoin back in 2013.

Looking at the volume on Huobi it's going to take about 10 hours this time  

No need to worry about Dash right now. Masternode population performing. Market performing. Surfing the bitcoin wave.

[Sub-Ether]

24 hour volume

#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1    Bitfinex   BTC/USD    $ 23,648,900   $ 370.53    24.52 %    Recently
2    OkCoin Intl.   BTC/USD    $ 15,937,000   $ 368.16    16.52 %    Recently
3    Bitstamp   BTC/USD    $ 15,805,900   $ 368.97    16.39 %    Recently
4    BTC-E   BTC/USD    $ 8,335,990   $ 338.79    8.64 %    Recently
5    Coinbase Exchange   BTC/USD    $ 6,964,060   $ 370.27    7.22 %    Recently

52    OKCoin.cn   BTC/CNY    $ 308,113,000 *   $ 386.21    0.00 %    Recently
53    Huobi   BTC/CNY    $ 257,011,000 *   $ 385.38    0.00 %    Recently
54    BTCChina   BTC/CNY    $ 23,291,600 *   $ 376.63    0.00 %    Recently
55    BtcTrade   BTC/CNY    $ 14,481,500 *   $ 386.82    0.00 %    Recently
56    BTC100   BTC/CNY    $ 13,718,600 *   $ 378.04    0.00 %    Recently

* Volume Excluded - No Trading Fees


Edit: I'm calling the top at $370 

[toknormal]

Edit: I'm calling the top at $370 

Ok. I'll call it at $6000.

Lets see who's nearest
 

[toknormal]

a big whack of coins found their way out of cold storage according to days destroyed

What is "days destroyed" ?

I've heard that term banded about quite a lot but have never been bothered to properly investigate it. Is it the total number of days that bitcoins are not in use ? (Or sit in the same address).