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

[marcelus]

To me it looks like someone found a way to make a quick arbitrage between gox and bitstamp, either withdrawals are back, tux is making the arbitrage or people in japan found a cheap way to deposit in bitstamp...

When was the last time prices where so close?

▼ mtgoxUSD   121.4200   123.289   -1.516%   601774
▲ bitstampUSD   118.4900   111.759   +6.023%   361690

I heard people saying they found a way to open a Jap bank for faster withdrawals out of Gox

I guess its possible

Wait wait wait... guys... Bitstamp is at $118 and Mt.Gox is at $122... could it be... that Mt.Gox solved the withdrawal problem? Is this the elimination of the spread we've all been waiting for? Maybe this crash on Mt.Gox is... super duper bullish?!

i wouldn't say that its  super duper bullish, withdrawals being back means people will feel more safe selling, but it would be good news nonetheless.

end result would probably be no more spread between exchanges

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....

[adamstgBit]

To me it looks like someone found a way to make a quick arbitrage between gox and bitstamp, either withdrawals are back, tux is making the arbitrage or people in japan found a cheap way to deposit in bitstamp...

When was the last time prices where so close?

▼ mtgoxUSD   121.4200   123.289   -1.516%   601774
▲ bitstampUSD   118.4900   111.759   +6.023%   361690

I heard people saying they found a way to open a Jap bank for faster withdrawals out of Gox

I guess its possible

Wait wait wait... guys... Bitstamp is at $118 and Mt.Gox is at $122... could it be... that Mt.Gox solved the withdrawal problem? Is this the elimination of the spread we've all been waiting for? Maybe this crash on Mt.Gox is... super duper bullish?!

i wouldn't say that its  super duper bullish, withdrawals being back means people will feel more safe selling, but it would be good news nonetheless.

end result would probably be no more spread between exchanges

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....

lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

[ChartBuddy]

[marcelus]

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....

lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

No it's not worth it when you can't get your cash out of Gox. When the price difference was $10-$15 one can buy on bitstamp, sell on Gox and wait for a convergence such as this to sell back as I have had, but since the depth on bitstamp is pathetic, you basically end up back where you started. Waste of time...

[adamstgBit]

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....

lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

No it's not worth it when you can't get your cash out of Gox. When the price difference was $10-$15 one can buy on bitstamp, sell on Gox and wait for a convergence such as this to sell back as I have had, but since the depth on bitstamp is pathetic, you basically end up back where you started. Waste of time...

what if you could get money out of gox?

isn't 0.5% worth it at that point...

[marcelus]

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....

lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

No it's not worth it when you can't get your cash out of Gox. When the price difference was $10-$15 one can buy on bitstamp, sell on Gox and wait for a convergence such as this to sell back as I have had, but since the depth on bitstamp is pathetic, you basically end up back where you started. Waste of time...

what if you could get money out of gox?

isn't 0.5% worth it at that point...

No it's not because of the commission fees involved with moving fiat through the financial system. A 5% spread might be worth it but the point is, if you could get your money out of Gox, there wouldn't be a spread. I've waited for this convergence day for 2 months and finally thought my day had come to cash in without having to resort to fiat, but the spread is a red herring. There's no depth on stamp meaning I'd be right back where I started.
 

[adamstgBit]

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....

lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

No it's not worth it when you can't get your cash out of Gox. When the price difference was $10-$15 one can buy on bitstamp, sell on Gox and wait for a convergence such as this to sell back as I have had, but since the depth on bitstamp is pathetic, you basically end up back where you started. Waste of time...

what if you could get money out of gox?

isn't 0.5% worth it at that point...

No it's not because of the commission fees involved with moving fiat through the financial system. A 5% spread might be worth it but the point is, if you could get your money out of Gox, there wouldn't be a spread. I've waited for this convergence day for 2 months and finally thought my day had come to cash in without having to resort to fiat, but the spread is a red herring. There's no depth on stamp meaning I'd be right back where I started.
 

over 100K volume in the past 2 hour on stamps

what kind of money are you playing with anyway?

[adamstgBit]

Loging off, Going to bed, dreaming of wildly high prices, fiat flooding the streets, and peace on earth

[solex]

Loging off, Going to bed, dreaming of wildly high prices, fiat flooding the streets, and peace on earth

so Adam dreams away...

[marcelus]

Loging off, Going to bed, dreaming of wildly high prices, fiat flooding the streets, and peace on earth

so Adam dreams away...

megalulz

[DavidBAL]

All I can say is thank god for the chinese... http://btckan.com/price.. past two days would have been much uglier otherwise..

[derpinheimer]

So was 121.25 the bottom? This rise to 125 is just a suckers "rally"?

To me it looks like the bid and ask is much healthier, and if it werent for the rise to 150 being so manipulated, I would imagine the price would creep back up from here..

buuuuut, considering that, maybe there is much more room to fall..

[Phinnaeus Gage]

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....

lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

No it's not worth it when you can't get your cash out of Gox. When the price difference was $10-$15 one can buy on bitstamp, sell on Gox and wait for a convergence such as this to sell back as I have had, but since the depth on bitstamp is pathetic, you basically end up back where you started. Waste of time...

What are the chances that major Bitcoin vendors liquidate their bitcoins at Mt Gox, but use BItStamp (or a near average) when they price their products/service?

[marcelus]

Nah. Look at the Bitstamp market depth. To do any sort of meaningful arbitrage you've got to go down to the $115s. Red herring....

lol

10% is not worth it?

price was well over 10% difference when stamps first fell

you don't HAVE to buy at market to do arbitrage

No it's not worth it when you can't get your cash out of Gox. When the price difference was $10-$15 one can buy on bitstamp, sell on Gox and wait for a convergence such as this to sell back as I have had, but since the depth on bitstamp is pathetic, you basically end up back where you started. Waste of time...

What are the chances that major Bitcoin vendors liquidate their bitcoins at Mt Gox, but use BItStamp (or a near average) when they price their products/service?

I guess it's possible but speculation accounts for far too much of the BTC economy for something like that to make a meaningful difference. Also as I said before, if everybody was doing it, ie. all vendors, then the opportunity wouldn't exist. 

[ErisDiscordia]

Loging off, Going to bed, dreaming of wildly high prices, fiat flooding the streets, and peace on earth

so Adam dreams away...

amazing lol 

you have discovered a new formation in TA - the...dog lol. Is this bullish or bearish?

[gandhibt]

Loging off, Going to bed, dreaming of wildly high prices, fiat flooding the streets, and peace on earth

so Adam dreams away...

amazing lol 

you have discovered a new formation in TA - the...dog lol. Is this bullish or bearish?

It's a baby dragon and it does what it wants.

[Ivanhoe]

To me it looks like someone found a way to make a quick arbitrage between gox and bitstamp, either withdrawals are back, tux is making the arbitrage or people in japan found a cheap way to deposit in bitstamp...

When was the last time prices where so close?

▼ mtgoxUSD   121.4200   123.289   -1.516%   601774
▲ bitstampUSD   118.4900   111.759   +6.023%   361690

I heard people saying they found a way to open a Jap bank for faster withdrawals out of Gox

I guess its possible

Wait wait wait... guys... Bitstamp is at $118 and Mt.Gox is at $122... could it be... that Mt.Gox solved the withdrawal problem? Is this the elimination of the spread we've all been waiting for? Maybe this crash on Mt.Gox is... super duper bullish?!

i wouldn't say that its  super duper bullish, withdrawals being back means people will feel more safe selling, but it would be good news nonetheless.

end result would probably be no more spread between exchanges

And people feeling more safe sending funds to mt.gox. Would you send funds to an exhange if you couldn't withtdraw them?

[FNG]

[NewLiberty]

A bull elephant!

[stereotype]

Loging off, Going to bed, dreaming of wildly high prices, fiat flooding the streets, and peace on earth

so Adam dreams away...

Where can i get this new Bollinger Band indicator?