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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26382394 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Davyd05
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March 19, 2014, 05:02:02 AM

LTC is becoming the honey badger of today, but most people expected us to dip a lil further than btc did today.
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March 19, 2014, 05:06:47 AM

LTC is becoming the honey badger of today, but most people expected us to dip a lil further than btc did today.

It's keeping BTC at this level too. Guess some profits have been turned to BTC.
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March 19, 2014, 05:09:09 AM

LTC is becoming the honey badger of today, but most people expected us to dip a lil further than btc did today.

It's keeping BTC at this level too. Guess some profits have been turned to BTC.

That works in both directions. The easiest way to get litecoin is to trade bitcoin for LTC. That means you have to get some BTC first.
OldGeek
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March 19, 2014, 05:10:06 AM

Does anyone have a hint as to why BTC-e is higher than Bitstamp?
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March 19, 2014, 05:22:40 AM

LTC is becoming the honey badger of today, but most people expected us to dip a lil further than btc did today.

It's keeping BTC at this level too. Guess some profits have been turned to BTC.

That works in both directions. The easiest way to get litecoin is to trade bitcoin for LTC. That means you have to get some BTC first.

yep
Davyd05
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March 19, 2014, 05:22:55 AM

Does anyone have a hint as to why BTC-e is higher than Bitstamp?

I am assuming counter plays by people watching the ltc raising with little or no concern for bitcoin
aminorex
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March 19, 2014, 05:23:37 AM

https://www.youtube.com/watch?v=wG0fS4DoGUc
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March 19, 2014, 05:24:45 AM

I do not trust rises in LTC when BTC does not rise along side with it. I am pretty sure people are bored with BTC right now and see LTC as a quick way to make a quick buck so they are pumping the hell out of LTC.
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March 19, 2014, 05:25:47 AM

Does anyone have a hint as to why BTC-e is higher than Bitstamp?

I am assuming counter plays by people watching the ltc raising with little or no concern for bitcoin

Ah, so.  Thanks, Davy.
OldGeek
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March 19, 2014, 05:26:50 AM


Which train do you see 'a comin', aminorex?
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March 19, 2014, 05:28:05 AM

Chinese Dinosaur Slumber Method prediction for Wednesday Mar/19

(It already looks like this prediction will be wrong by a mile, but anyway...)

Prediction valid for: Wednesday 2014-03-19, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 3699 CNY.
Bitstamp's predicted price: 610 USD.


The red and green strokes are actual Huobi hourly prices.  The magenta square at right is the above prediction.  The blue square next to it is the last prediction (see below). The light blue-gray squares are the older predictions.   The blue dots are the Slumber Points, the mean Huobi prices ((L+H)/2) in the interval 19:00--19:59 UTC every day. The size of the Albertosaurus under each dot indicates the night-time activity at Huobi. Specifically, the area of the reptile is proportional S = Vh/Vd, where Vh is the mean hourly volume in the three hour period 18:00--20:59 UTC (02:00am--04:59am China time), and Vd is the daily volume 00:00--23:59 UTC on the same date.  The largest Albertosauri correspond to the S = 0.010 or greater.   The size of each blue dot is proportional to its reliability weight, computed from the ratio S.  The grey lines are trends fitted a posteriori to the Slumber Points. The orange line is the trend assumed for the above prediction.

The trend used is a shifted exponential A + B*Q**(d-d0) where d is the day of the month, d0 = 16, A = 3681.68, B = 160.32, Q = 0.476.

The Bitstamp prediction, as usual, is the Huobi prediction divided by the currency conversion factor R, which these days seems to be around 6.06 CNY/USD.

Checking the previous prediction

Prediction was posted on: Tuesday 2014-03-17, 06:05 UTC
Prediction was valid for: Tuesday 2014-03-17, 19:00--19:59 UTC (~13 hours later)

Huobi's predicted price: 3674 CNY.
Huobi's actual price (L+H)/2: 3718 CNY
Error: 44 CNY (~7 USD)

Bitstamp's predicted price: 606 USD.
Bitstamp's actual price (L+H)/2: 614 USD
Error: 8 USD

NOTE 1: Read Note 2.

NOTE 2: Ignore Note 1.

NOTE 3: Aren't you glad that Note 2 did not tell you to re-read Note 1?

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March 19, 2014, 05:28:20 AM

Does anyone have a hint as to why BTC-e is higher than Bitstamp?

I am assuming counter plays by people watching the ltc raising with little or no concern for bitcoin

Or bitfinex people moving their money from BTC to LTC.
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March 19, 2014, 05:33:39 AM


What does it matter, when I'm stuck in Folsom Prison?

  I'm sure they're drinking coffee
  and smoking big cigars

at Malla Castle.  But back here

   time keeps dragging on

and I'm not sure I can stay awake long enough to catch the LTC short wave

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March 19, 2014, 05:39:40 AM


What does it matter, when I'm stuck in Folsom Prison?

lol.  Okay.  I'm drinking a Cuba Libre and I don't even care to own a LTC.

I'll just watch the charts and get soused.
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March 19, 2014, 05:41:18 AM


What does it matter, when I'm stuck in Folsom Prison?

  I'm sure they're drinking coffee
  and smoking big cigars

at Malla Castle.  But back here

   time keeps dragging on

and I'm not sure I can stay awake long enough to catch the LTC short wave



haha ^^ good one.

JorgeStolfi
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March 19, 2014, 05:54:37 AM

Bitfinex is based in Hong Kong, but it apparently deals with USD rather than CNY.  Is this correct?  Is it reasonable to consider it a "non-Chinese" exchange?
aminorex
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March 19, 2014, 05:59:44 AM

Bitfinex is based in Hong Kong, but it apparently deals with USD rather than CNY.  Is this correct?  Is it reasonable to consider it a "non-Chinese" exchange?

The real distinction isn't between Chinese and non-Chinese; it's between on-shore RMB and the free market. So, yes.
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March 19, 2014, 06:02:41 AM


Explanation
JorgeStolfi
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March 19, 2014, 06:05:10 AM

Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):

             !    Tue !    Wed !    Thu !    Fri !    Sat !   Sun !    Mon !    Tue !                     
  EXCHANGE   !  03/11 !  03/12 !  03/13 !  03/14 !  03/15 ! 03/16 !  03/17 !  03/18 ! Currencies considered

  Bitstamp   |   9.17 |  12.70 |   6.73 |   8.68 |   2.20 |  3.30 |   9.17 |  14.90 | USD                 
  BTC-e      |   5.09 |   7.96 |   7.43 |   3.76 |   2.55 |  2.62 |   3.90 |   7.91 | USD,EUR,RUR         
  BitFinEx   |   3.63 |   7.29 |   3.31 |   5.53 |   1.74 |  1.90 |   3.76 |   7.74 | USD                 
  Kraken     |   0.45 |   0.56 |   0.40 |   0.48 |   0.34 |  0.15 |   0.48 |   0.85 | EUR                 
  Bitcoin.DE |   0.41 |   0.37 |   0.35 |   0.20 |   0.12 |  0.12 |   0.40 |   0.42 | EUR                 
  CampBX     |   0.06 |   0.04 |   0.03 |   0.06 |   0.03 |  0.02 |   0.07 |   0.32 | USD                 
  CaVirtEx   |   0.18 |   0.13 |   0.13 |   0.11 |   0.06 |  0.06 |   0.10 |   0.10 | CAD                 

  SUBTOTAL   |  18.99 |  29.05 |  18.38 |  18.82 |   7.04 |  8.17 |  17.88 |  32.24 |                     

  Huobi      |  55.00 |  77.90 |  65.40 |  78.40 |  36.50 | 27.00 |  63.80 |  84.10 | CNY                 
  OKCoin     |  68.50 |  90.60 |  60.70 |  97.80 |  55.40 | 40.00 |  59.00 |  82.70 | CNY                 
  BTC-China  |   3.11 |   3.16 |   2.89 |   2.97 |   1.13 |  1.51 |   2.74 |   3.70 | CNY                 
  Bter       |   0.34 |   0.49 |   0.26 |   0.19 |   0.35 |  0.28 |   0.34 |   0.27 | CNY                 

  SUBTOTAL   | 126.95 | 172.15 | 129.25 | 179.36 |  93.38 | 68.79 | 125.88 | 170.77 |                     

  TOTAL      | 145.94 | 201.20 | 147.63 | 198.18 | 100.42 | 76.96 | 143.76 | 203.01 |                     

All numbers were collected by hand from the site http://bitcoinwisdom.com. Beware of possible errors.

For each exchange, the numbers include only the trade volume to/from the currencies listed in the rightmost column. Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

Dates on the header line are UTC. Specifically, "01/15" means "from 01/15 00:00:00 UTC to 01/15 23:59:59 UTC". (Beware that the same period may span part of day 01/14 or part of day 01/16 in your local time zone.)

NOTE: There are at least five additional large exchanges in China that are not on this table because they are not covered by Bitcoinwisdom: FxBTC, ChBTC, BTCTrade, BTC100, and BTC38.  Together they may have as much volume as Huobi or OKCoin.
JorgeStolfi
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March 19, 2014, 06:05:28 AM

Bitfinex is based in Hong Kong, but it apparently deals with USD rather than CNY.  Is this correct?  Is it reasonable to consider it a "non-Chinese" exchange?
The real distinction isn't between Chinese and non-Chinese; it's between on-shore RMB and the free market. So, yes.

Thanks!
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