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

[BitPirate]

Ya.. if wasn't for China, I'd say a lot of resistance again.  If China plows through though it'll prob be pretty uneventful.

I believe before this last "correction", China went as high as like $430 USD at one point.

The btcchina ATH is 2630¥, currently worth $431.75. Absolute insanity.

I've never seen arbitrage opportunities this big. You could drive a truck through bitstamp/btcchina. It's all so surreal.

It went from 2100 to 2600 within a couple of hours though. Absolutely crazy. Everyone was screaming "sell". You know tops when you see them.

We're getting quite a bit of arbitrage from Westerners too; overseas wires are cheap and fast, but a limited resource.

Could you share an effective strategy for Westerners?

I'm still under the impression that if I was to sell on btcchina, I'd be unable to recover my money. I have considered selling and waiting for the bubble to subside (and the arbs to trend back to zero), then exchanging back to BTC and into USD, but I'd much prefer a more direct system.

I PMed you. You basically need contacts willing to use their personal 50K USD conversion. The problem is, people willing can just arb the gap themselves.

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[ChartBuddy]

[bits4books]

pretty damn calm.

Everyone start selling or something so we can speculate!

[NF414]

https://i.imgur.com/Erq4qOQ.png

What Software is this?

Regards,
NF414

[Nemesis]

pretty damn calm.

i thought you hate Gox.

[Vycid]

well, i dont really hate them, but i do hope they all get aids and die in fire.

I wonder how you feel about people you actually hate 

[solex]

china and gox are desperate to make a sustained climb, but stamp is asleep at the wheel.

[BitPirate]

There seems to be a rough price / volume divergence still.

[chriswilmer]

china and gox are desperate to make a sustained climb, but stamp is asleep at the wheel.

The Bitcoin world needs more arbitrageurs...

[molecular]

no bitstamp asks on bitfinex orderbook

seems bitfinex is out of stampUSD

EDIT: even says it right there: "Not enough USD reserve on Bitstamp, you cannot buy on Bitstamp at the moment."

[Wekkel]

Another day and Bitcoin is ... UP 

[mb300sd]

New ATH tonight?

[Voodah]

I'm just speculating that most of the information is still there, that maybe only a few bits are wrong, or that something is bit-shifted, or whatever (again, not an expert). It seems much, much less computationally intensive to try to repair the key than crack a wallet blind.

The first few entire sectors of the drive are unreadable.

Shit, sorry man. Some kind of nasty hardware failure? I'd have thought the recovery guys could extract the data.

Yep, physically unreadable, even with cleanroom work. I've accepted the loss... If I really needed coins, it would be alot easier to hire someone to go beat the stolen ones out of pirateat40.

At this point I'm just holding onto the 5k I have left with an iron fist.

Would you mind publishing the address(es)? So I can add them to my provably lost bitcoin list: https://docs.google.com/a/ij.hk/spreadsheet/ccc?key=0Ahdy3Je_nYdOdFVocm4yTzhZOW1waWd6SFJIVHUwYUE&usp=drive_web#gid=0

FFS did someone really lose a wallet with 27000 BTC

I would never leave my bed again.

[Pruden]

no bitstamp asks on bitfinex orderbook

seems bitfinex is out of stampUSD

EDIT: even says it right there: "Not enough USD reserve on Bitstamp, you cannot buy on Bitstamp at the moment."

Bitfinex has decoupled from Bitstamp!

One BTC is 5-10$ more expensive at the exchange that supports margin trading. 

[Vycid]

I'm just speculating that most of the information is still there, that maybe only a few bits are wrong, or that something is bit-shifted, or whatever (again, not an expert). It seems much, much less computationally intensive to try to repair the key than crack a wallet blind.

The first few entire sectors of the drive are unreadable.

Shit, sorry man. Some kind of nasty hardware failure? I'd have thought the recovery guys could extract the data.

Yep, physically unreadable, even with cleanroom work. I've accepted the loss... If I really needed coins, it would be alot easier to hire someone to go beat the stolen ones out of pirateat40.

At this point I'm just holding onto the 5k I have left with an iron fist.

Would you mind publishing the address(es)? So I can add them to my provably lost bitcoin list: https://docs.google.com/a/ij.hk/spreadsheet/ccc?key=0Ahdy3Je_nYdOdFVocm4yTzhZOW1waWd6SFJIVHUwYUE&usp=drive_web#gid=0

FFS did someone really lose a wallet with 27000 BTC

I would never leave my bed again.

One word.

Pizza.

[macsga]

2.7 pizzas 

[mb300sd]

I'm just speculating that most of the information is still there, that maybe only a few bits are wrong, or that something is bit-shifted, or whatever (again, not an expert). It seems much, much less computationally intensive to try to repair the key than crack a wallet blind.

The first few entire sectors of the drive are unreadable.

Shit, sorry man. Some kind of nasty hardware failure? I'd have thought the recovery guys could extract the data.

Yep, physically unreadable, even with cleanroom work. I've accepted the loss... If I really needed coins, it would be alot easier to hire someone to go beat the stolen ones out of pirateat40.

At this point I'm just holding onto the 5k I have left with an iron fist.

Would you mind publishing the address(es)? So I can add them to my provably lost bitcoin list: https://docs.google.com/a/ij.hk/spreadsheet/ccc?key=0Ahdy3Je_nYdOdFVocm4yTzhZOW1waWd6SFJIVHUwYUE&usp=drive_web#gid=0

FFS did someone really lose a wallet with 27000 BTC

I would never leave my bed again.

One word.

Pizza.

Another one, pirateat40 

aka.

TRENDON T SHAVERS
License number - 019295421
License type - DL
Address - 2305 S CUSTER APT 1507
DOB - Sep 21 1982
City/Zip - MCKINNEY 75070
2305 S Custer Rd Apt 1507
Mckinney,TX 75070-6222
(972) 369-0895



Yes, I'm starting to get sore about this again.

[bnjmnkent]

no bitstamp asks on bitfinex orderbook

seems bitfinex is out of stampUSD

EDIT: even says it right there: "Not enough USD reserve on Bitstamp, you cannot buy on Bitstamp at the moment."

Bearstamp looks pretty deserted. Can we say that bitfinex accounts for the most traffic, or are there other reasons?

[bito]

Looks like 2000ish coins got pulled from 385 on gox. I think it has been moved to 400.

[theonewhowaskazu]

no bitstamp asks on bitfinex orderbook

seems bitfinex is out of stampUSD

EDIT: even says it right there: "Not enough USD reserve on Bitstamp, you cannot buy on Bitstamp at the moment."

Bearstamp looks pretty deserted. Can we say that bitfinex accounts for the most traffic, or are there other reasons?

I'll be legitimately surprised if that's true. But, it actually seems fairly likely, looking at bitstamp's current depth.