Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Coin

Explanation

[Andre#]

There's a 8% spread between China and the rest of the world, and everybody's sleeping here. 

[dothebeats]

There's a 8% spread between China and the rest of the world, and everybody's sleeping here. 

Western exchanges seemed to be hesitant on following China's prices as it seemed to be fake. I wonder why arbitragers can't close this gap even up to 3% too.

[ChartBuddy]

Coin

Explanation

[AlexGR]

There's a 8% spread between China and the rest of the world, and everybody's sleeping here. 

Western exchanges seemed to be hesitant on following China's prices as it seemed to be fake. I wonder why arbitragers can't close this gap even up to 3% too.

Traditional money moves way too slow.

[Fatman3001]

There's a 8% spread between China and the rest of the world, and everybody's sleeping here. 

Western exchanges seemed to be hesitant on following China's prices as it seemed to be fake. I wonder why arbitragers can't close this gap even up to 3% too.

Traditional money moves way too slow.

And there's no spread on BTC/LTC.

[Andre#]

There's a 8% spread between China and the rest of the world, and everybody's sleeping here. 

Western exchanges seemed to be hesitant on following China's prices as it seemed to be fake. I wonder why arbitragers can't close this gap even up to 3% too.

One can have his doubts about the immense volume at Chinese exchanges. But to also doubt the prices is something else. If arbs can't close the gap (while the prices are real), it means that they are out of USD for the weekend, or that the CNY-USD exchange rate is fake. Occam's razor would point to the first, which means that an upward correction on the Western exchanges is to be expected after the weekend (if at least 10% of the Chinese volume is real, that is.)

[marcus_of_augustus]

arbs can can only move so much from one side to the other before their funding gets exhausted .... then they need the arb to go the other way to move the funds back ... seems like moves like these and weekend fiat transfers have exhausted everybody.

[Fatman3001]

That's... not how shadows work.

LOL, genuinely out loud.

[Denker]

Morning guys!
I see our baby is back in the 320s. Good boy!!
If we hold strong today, tomorrow and next week we continue climbing up I believe.

[ChartBuddy]

Coin

Explanation

[dothebeats]

Morning guys!
I see our baby is back in the 320s. Good boy!!
If we hold strong today, tomorrow and next week we continue climbing up I believe.

He's been idling around that range for hours now. Probably getting ready to test new highs this week.

[LFC_Bitcoin]

[ChartBuddy]

Coin

Explanation

[koryu]

arbs can can only move so much from one side to the other before their funding gets exhausted .... then they need the arb to go the other way to move the funds back ... seems like moves like these and weekend fiat transfers have exhausted everybody.

Yep. Tomorrow fresh fiat will hit exchanges and the gap should close a bit (at least that gap between Bitstamp and Bitfinex).

Personally I'm looking if it is possible to convert Tether USD (Bitfinex) to Ripple USD (Bitstamp). If the gap continues this could bring some money 

People also get their salary.  this will be exciting.   

[dothebeats]

Where's the noise? It feels so quiet in here without the trolling and updates.

[readysalted89]

arbs can can only move so much from one side to the other before their funding gets exhausted .... then they need the arb to go the other way to move the funds back ... seems like moves like these and weekend fiat transfers have exhausted everybody.

Yep. Tomorrow fresh fiat will hit exchanges and the gap should close a bit (at least that gap between Bitstamp and Bitfinex).

Personally I'm looking if it is possible to convert Tether USD (Bitfinex) to Ripple USD (Bitstamp). If the gap continues this could bring some money 

You had to give Rippletrade your KYC documents by yesterday at the latest to continue using the wallet. You can buy and sell Bitstamp Bitcoin IOUs on Rippletrade, but I don't know if Tether USD has been integrated yet. I haven't used it lately partially because they started asking for KYC, and partially because the client freezes on my computer.

[Fatman3001]

Where's the noise? It feels so quiet in here without the trolling and updates.

Homage to Tarmi:

[koryu]

Have you seen this? https://www.google.de/trends/explore#q=Blockchain
Blockchain is hot topic,  bitcoin will follow

[bad trader]

Have you seen this? https://www.google.de/trends/explore#q=Blockchain
Blockchain is hot topic,  bitcoin will follow

In Ghana?