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joesmoe2012
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July 29, 2013, 10:33:44 PM |
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why is the market so calm?
And why are EUR/GBP so much cheaper than the USD market? I regret liquidating to USD, it's one of the first times ever that the USD ask is way higher than GBP/EUR asks ..??
Because gox is applying their 2.5% inter-currency conversion to match the USD and EUR order books. |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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barbs
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July 29, 2013, 10:40:59 PM |
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why is the market so calm?
And why are EUR/GBP so much cheaper than the USD market? I regret liquidating to USD, it's one of the first times ever that the USD ask is way higher than GBP/EUR asks ..??
Because gox is applying their 2.5% inter-currency conversion to match the USD and EUR order books. Edit: if you buy into BTC with for example USD and sell into your EUR wallet, I don't think that fee applies Edit edit: looks like the EUR price is waking up a little bit |
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adamstgBit
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July 29, 2013, 11:25:09 PM |
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http://www.youtube.com/watch?v=J0BovoDmi7k+1 for Jeff Berwick!  I really Must go to the porcupine festival next year, i was going to go this year, but then i got high....
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vokain
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July 30, 2013, 12:26:20 AM |
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Hmm, hoping for that spread between mtgox and bitstamp to go down, then its time to hop in again. Trying to get out of BTC right now, its a bit too big of a spread for my taste.
its been clear for a while now that bitstamps is get more and more volume coming from mt gox the price difference is a result of this shift it could stay that way for a long time... buy now  A volume-based metric I place some trust in, confirms that: there is substantial buying pressure on bitstamp, even if the price gap somewhat obscures this fact.   First the similarities: daily A/D continued to rise on both bit and mtg, well after the April peak, and throughout the initial correction/bubble deflation. It peaked in mid-June, then gently started sloping downwards. The corresponding price action was the recent downtrend that took us from ~110 to ~70 (mtg prices). Now for the differences: as of early JuneJuly, A/D stabilized on mtg. Maybe with a weak upwards slope. Contrast this with bit: around the same time, instead of merely stabilizing, A/D is shooting up (in comparison). It's as if all the btc optimism migrated from mtgox to bitstamp. No guarantee that this lasts however, if mtgox manages to solve its fiat problem in time. EDIT: corrected mistake So, does this suggest that since accumulation is going up, the overall bitcoin market has net USD inflow, just that most of the new USD is going in through Bitstamp? i really don't know |
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adamstgBit
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July 30, 2013, 12:57:22 AM |
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So, does this suggest that since accumulation is going up, the overall bitcoin market has net USD inflow, just that most of the new USD is going in through Bitstamp? i really don't know
no MtGox is still where most of the USD is flowing in from. mostly I ignore A/D its a complex one... I think the most important difference has been overlooked! A/D on MtGox: 220 A/D on Stamps: 28 that is a HUGE difference! what's it mean? |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 30, 2013, 01:01:23 AM |
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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July 30, 2013, 01:26:18 AM |
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Gox is just destroying their own business, it's so crazy. For some stupid reason i decided to deposit onto Gox, right before they changed their international wire times from 2-5 days to a totally stupid 7-10 business days. So it took a grand total of 15 days for my money to appear which is just insane in a market that trades 24/7. It's just totally unacceptable that BOTH their deposits and withdrawls are an absolute joke.
What i dont understand is, if they had problems, why didn't they get funding in, sell a small % stake or something? there would surely be lots of people willing to invest in the biggest exchange and to update and upgrade it, but they seem happy to let it slowly die a painful death.
I think it's a stretch to say they are happy about the status quo. However they're damned if they do and damned if they don't. Plenty of people on this forum were clamouring for them to be compliant and calling them idiots for not being so. Well, this is what compliance looks like -- they have to forge relationships with banks rather than trying to stay under the radar. Of course, they should have done this earlier, but that's water under the bridge at this point. IMO their biggest problem is that their communication sucks -- too old school and spinning everything. This may be a result of legal or regulatory pressure preventing them from describing the real picture, or possibly just incompetence. I could be wrong, maybe there are more serious problems... But I doubt it. |
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ChartBuddy
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July 30, 2013, 02:01:37 AM |
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adamstgBit
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July 30, 2013, 02:40:16 AM |
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I have received a rather large box addressed to "Mr.Bitcoin"  price will rise sharply soon! How many business days is it now to 180? IDK, but just the speculation around what is in the mystery box addressed to "Mr.Bitcoin" should push us to 120!  |
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notme
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July 30, 2013, 02:51:29 AM |
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I have received a rather large box addressed to "Mr.Bitcoin" price will rise sharply soon! How many business days is it now to 180? IDK, but just the speculation around what is in the mystery box addressed to "Mr.Bitcoin" should push us to 120!   |
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solex
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100 satoshis -> ISO code
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July 30, 2013, 03:01:17 AM |
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I have received a rather large box addressed to "Mr.Bitcoin" price will rise sharply soon! How many business days is it now to 180? IDK, but just the speculation around what is in the mystery box addressed to "Mr.Bitcoin" should push us to 120!  |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 30, 2013, 03:01:21 AM |
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adamstgBit
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July 30, 2013, 03:14:41 AM |
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I have received a rather large box addressed to "Mr.Bitcoin" price will rise sharply soon! How many business days is it now to 180? IDK, but just the speculation around what is in the mystery box addressed to "Mr.Bitcoin" should push us to 120! nope ( Altho maybe I should have ordered one of these too... but mining is too scary for my taste ) Its really not that exciting, but i think its cool! the contents of the box is... General purpose bitcoin business cards to hand out! get yours today FOR FREE! |
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vokain
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July 30, 2013, 03:22:40 AM |
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happy for you bud  |
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Frozenlock
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July 30, 2013, 03:32:07 AM |
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So close, but so far at the same time...  |
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vokain
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July 30, 2013, 03:37:07 AM |
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I wanna take him home with me
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bigdude
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July 30, 2013, 03:48:11 AM |
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So, does this suggest that since accumulation is going up, the overall bitcoin market has net USD inflow, just that most of the new USD is going in through Bitstamp? i really don't know
Are there actually any credible reports of people successfully withdrawing large amounts of USD from MtGox yet? Or is this still an issue? |
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byronbb
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HODL OR DIE
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July 30, 2013, 03:53:23 AM |
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localbitcoins seems to follow gox for pricing, that's a way to pull off the bitstamp arb.
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Kazu
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July 30, 2013, 04:45:29 AM |
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localbitcoins seems to follow gox for pricing, that's a way to pull off the bitstamp arb.
You'd somehow have to sell via Localbitcoins, which is sorta a huge pain & then wire, the time delay would seriously eat at your profits. |
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giszmo
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WalletScrutiny.com
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July 30, 2013, 05:48:09 AM |
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localbitcoins seems to follow gox for pricing, that's a way to pull off the bitstamp arb.
at localbitcoins you can set your own prices. I just today set mine to MtGox+0% and I buy at MtGox-10%. Could as well pick another exchange with different fees pegged to it. |
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