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

[seleme]

Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

Yeah, I know all exchanges are risk but it's a risk I have to make, otherwise I'd still have 8 BTC worth 5k$

So you traded yourself up more than 10x your initial investment?

Much more, around 70 fold in Bitcoin since end of March 2013. If I would turn all fiat, alts, shares etc in Bitcoins I'd collect over 500 BTC now.

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[Kramerc]

we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

Open Orders
Last Trade Price: 0.279 ฿ (Gox/Bitstamp: 0.301) Vol: 29439 GOXBTC

From what I've monitored, that is the entire FauxBTC volume since bitcoinbuilder started operating. So not quite 1200 BTC but faux coins, which is, still, a very nice sum.

[JCviggen]

Geez bitcoinbuilder prices now below 0.3

Someone seems to know something

We hit .19 in the previous wave of selling. Not sure if it's insider knowledge or people unloading coins they picked up very cheap on Gox earlier. Not a bad way to get your money out, so I'm not thinking of anything too sinister yet. With what is known so far, 4-1 or 5-1 odds on Gox are still buyworthy.

Did you buy eventually? Or had the rate gone up too much? I'm also thinking it's worth a shot at 0.2-0.25/btc.

I've bought quite a lot (for me) as a gamble.
Only snagged 2 of them at .19 but have bought some at .25 and some yesterday in the 30's but I've also traded back and forth a few times for quite a nice gain.

At this point I'm gambling but I like the odds. I think the price drop today can be explained by arbitrage kicking in. For several days you could double your money if you could get fiat into Gox and out through builder. There must've been a bunch of people with healthy stacks who wanted a piece of that action. Thousands of coins going out through builder is now bringing the price in line with the real rate (those who bought at 90~100$) can afford to dump at .18 or so and come out slightly ahead. Either way they probably wouldn't want to stay in Gox coins longer than they need to.

Nice, happy for you. I have just one question, my Gox account in not yet validated. Is it possible for me to receive Goxcoins now? And is it possible for me to withdraw goxcoins to bbuilder site?

Be happy for me when it works   It can all end in tears, too.
You can certainly receive coins with any account, but I would be a bit hesitant considering the verification process can take a very very long time. If you're not in a hurry, it's worth a go, but my price threshold would be much lower if I was buying unverified. Below .2 maybe.

[TheKoziTwo]

we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

Good idea wasn't it. I need to start working on a jump to conclusions mat.

Don't think he made 1200 BTC though. Volume is 29500 give or take but that's Goxcoins. If we take the day's average it's probably 1/4th to 1/3rd BTC each. 2% of that is 147~197 BTC in fees. Not a bad day's work, obviously.

Fee is 4%, it's 2% from each side. He probably accumulates half BTC and half goxBTC.

[seleme]

we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

Open Orders
Last Trade Price: 0.279 ฿ (Gox/Bitstamp: 0.301) Vol: 29439 GOXBTC[/q]

From what I've monitored, that is the entire FauxBTC volume since bitcoinbuilder started operating. So not quite 1200 BTC but faux coins, which is, still, a very nice sum.

So not in last 24 hours? Anyway, still great stuff.

[TheKoziTwo]

Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

Yeah, I know all exchanges are risk but it's a risk I have to make, otherwise I'd still have 8 BTC worth 5k$

So you traded yourself up more than 10x your initial investment?

Much more, around 70 fold in Bitcoin since end of March 2013. If I would turn all fiat, alts, shares etc in Bitcoins I'd collect over 500 BTC now.

It's easier to trade small amounts but I have to applaud your trading skills, this is pretty amazing.

[Walsoraj]

Stamp below BTCe? What is this sorcery?

[Holliday]

Stamp below BTCe? What is this sorcery?

Stamp has absorbed a lot of bitcoins in the past 24 hours.

[seleme]

Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

Yeah, I know all exchanges are risk but it's a risk I have to make, otherwise I'd still have 8 BTC worth 5k$

So you traded yourself up more than 10x your initial investment?

Much more, around 70 fold in Bitcoin since end of March 2013. If I would turn all fiat, alts, shares etc in Bitcoins I'd collect over 500 BTC now.

It's easier to trade small amounts but I have to applaud your trading skills, this is pretty amazing.

Not some huge trading skills to be honest. Half of it was 3 big profit trades. I made 200 BTC few days ago in 2 weeks long trade of MCXNow shares, I was on right place at right time and had BTC when RealSolid went mental and sold few thousands at 0.12 and I sold them over 0.3. Made 70 BTC in one longer trade on same fees too. And 100+ BTC in my best trade ever when I bought 18 BTC worth of DGC on absolute historical bottom during ATH times.

[tarmi]

Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

Yeah, I know all exchanges are risk but it's a risk I have to make, otherwise I'd still have 8 BTC worth 5k$

So you traded yourself up more than 10x your initial investment?

Much more, around 70 fold in Bitcoin since end of March 2013. If I would turn all fiat, alts, shares etc in Bitcoins I'd collect over 500 BTC now.

only in bitcoinland....

[HairyMaclairy]

Kinda off topic and old news but I'll just leave this here:

First step in raiding Europe's private savings

Yeah posted the rotters link here a few day back... quite a read... and bullish for crypto imo

Sounds like a quote taken out of context.  It is pretty normal for infrastructure to be funded by pension funds who then obtain a long run return in excess of government bonds.  You buy a tunnel that has 100,000 cars go through it per day @ $2 each = $200k per day.  As long as the pension fund does not pay too much (which is always the trick) then they are golden.

[traderCJ]

Stamp below BTCe? What is this sorcery?

Gox coins being dumped on stamp.  Those are some "lucky" beta testers .. 

[Arcas]

Stamp below BTCe? What is this sorcery?

Gox coins being dumped on stamp.  Those are some "lucky" beta testers .. 

If by "luck", you mean sucked Mark's dick, then those would be some very "lucky" beta testers.

[ChartBuddy]

Explanation

[seleme]

Well, I just executed arbitrage between Stamp and BTC-e. I have 1100$ more now, though most of my fiat is on BTC-e now, not on Stamp. Hopefully, Putin won't killed BTC-e owners now :

nice, I used to to trade LTC there, but it has been 4 months since my last trade there and I don't have balls to go there again, even if the gap between stamp and BTC-e is $40, the risk is not worth it.... just be careful, at least you know who owns stamp and where to get them if anything goes wrong....

Yeah, I know all exchanges are risk but it's a risk I have to make, otherwise I'd still have 8 BTC worth 5k$

So you traded yourself up more than 10x your initial investment?

Much more, around 70 fold in Bitcoin since end of March 2013. If I would turn all fiat, alts, shares etc in Bitcoins I'd collect over 500 BTC now.

only in bitcoinland....

Definitely.

[MatTheCat]

I'm curious, did you start using Bitfinex again? I also closed my short at 552ish cause I usually wait to long, and I think people love to go on a rally no matter how bad it looks.

Yeah....I shifted funds over to Bitfinex....shorting opportunity at $630 was too tempting......if I start to get a queasy feeling about them again then I will shift funds back off.

I pulled my short with a small profit. I actually pulled it by mistake cos my full attentions weren't on the game....but to be honest, there is no definite trade at this point in time. True, prevailing sentiment is very negative, but we have just had a hell of a run down in price and past experience tells me that the indefatigable optimism in the face of common sense of Bitcoin investors, makes for every potential of a counter-trend rally up to perhaps $579 before we finally breach $530.

Having said that, we are currently in a pennant formation on a strong down trend. Any TA 101 certificate holder will tell you that 9/10, a break down will follow this.....we are also nearing the very narrowest limits of this formation so we shouldn't have to wait long.

I would still say more chance of further price deterioration than a small counter trend rally but I would only be 60% certain on that and that isn't good enough. I figure that if I cut out the trades that I am not sure off and go with the blatantly obvious, I will cut out a lot of frustrations in my trading. I never lose on the trades that I am certain off beforehand.

[MoreFun]

we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

Where you got 1200 BTC? 400 BTC probably...

[seleme]

we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

Where you got 1200 BTC? 400 BTC probably...

30 000 BTC volume x 4% (2% on both sides). Now, it's only the question if that 30k volume is last 24 hours or all volume since it's opened. Impressing profit whatever it is.

[seldon]

we all talk bullshit here, fight with each other and so on, and that guy on bitcoinbuilder made 1200 BTC in last 24 hours.

:jealousasfuck:

Where you got 1200 BTC? 400 BTC probably...

Well deserved imho... found a niche, was quick with a simple but efficient solution and is (or seems) trustworthy and nice.

[bassclef]

Seleme you should start a paid service. I'd subscribe just because I don't have time to monitor the altcoins all day, plus I hate some of the sleaziness that surrounds the community.