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

[Fatman3001]

Why is Bitfinex so bearish compared to others?

That. BTC-E is normally $5-10 under finex.

It's been almost $2 between Huobi and Bitfinex for a couple of days. I have been thinking for a while about starting arbitrage trading. I don't believe in TA (Asstrology) and I can't predict the future. Also, it's easy and cheap to move BTC between exchanges (but not other currencies, could be a disadvantage). I have never traded on an exchange before (I just bought my bitcoins from a guy), yet I watch Bitcoinwisdom and am capable of coding my own user interface with the exchanges APIs. I don't want to make a "bot" (even if I actually could, given time and money), but more like a button I can press when two exchanges are in disharmony (One sell, one buy, same amount of BTC).

My question is: Do anybody in this thread have experience with arbitrage trading? Are the margins too small?

There it is. Now, time for "FRIDAY NIGHT VODKA PARTY ALONE IN A TWO ROOM FLAT IN THE SUBURBS OF OSLO"!!! Whoohoooooo!   

Just to add to the question. Would it make sense to use litecoin to transfer money from one exchange to another without using fiat?

Arguably yes, the possibility exists of the funds being accepted and confirmed faster w/ ltc than btc. However on the few occasions I've tried with this, the LTC transfers have been sufficiently delayed for whatever reason close the window on any said opportunity. Likewise not all exchanges accept LTC and offer that arbitrage opportunity. Theoretically it makes a lot of sense and I've heard (as I'm sure we all have) of users successfully rotating through such a system for small profits.

Thanks! Would be interesting to try BTC arbitrage between BTC-E and huobi/okcoin/finex using LTC. I'll just have to sit down and look at the fees.

[Norway]

Why is Bitfinex so bearish compared to others?

That. BTC-E is normally $5-10 under finex.

It's been almost $2 between Huobi and Bitfinex for a couple of days. I have been thinking for a while about starting arbitrage trading. I don't believe in TA (Asstrology) and I can't predict the future. Also, it's easy and cheap to move BTC between exchanges (but not other currencies, could be a disadvantage). I have never traded on an exchange before (I just bought my bitcoins from a guy), yet I watch Bitcoinwisdom and am capable of coding my own user interface with the exchanges APIs. I don't want to make a "bot" (even if I actually could, given time and money), but more like a button I can press when two exchanges are in disharmony (One sell, one buy, same amount of BTC).

My question is: Do anybody in this thread have experience with arbitrage trading? Are the margins too small?

There it is. Now, time for "FRIDAY NIGHT VODKA PARTY ALONE IN A TWO ROOM FLAT IN THE SUBURBS OF OSLO"!!! Whoohoooooo!  

Just to add to the question. Would it make sense to use litecoin to transfer money from one exchange to another without using fiat?

Arguably yes, the possibility exists of the funds being accepted and confirmed faster w/ ltc than btc. However on the few occasions I've tried with this, the LTC transfers have been sufficiently delayed for whatever reason close the window on any said opportunity. Likewise not all exchanges accept LTC and offer that arbitrage opportunity. Theoretically it makes a lot of sense and I've heard (as I'm sure we all have) of users successfully rotating through such a system for small profits.

Thanks! Would be interesting to try BTC arbitrage between BTC-E and huobi/okcoin/finex using LTC. I'll just have to sit down and look at the fees.

Hey slimboy! Have you done arbitrage trading before?
EDIT: Not sarcastic

[ChartBuddy]

Coin
Explanation

[Fatman3001]

Why is Bitfinex so bearish compared to others?

That. BTC-E is normally $5-10 under finex.

It's been almost $2 between Huobi and Bitfinex for a couple of days. I have been thinking for a while about starting arbitrage trading. I don't believe in TA (Asstrology) and I can't predict the future. Also, it's easy and cheap to move BTC between exchanges (but not other currencies, could be a disadvantage). I have never traded on an exchange before (I just bought my bitcoins from a guy), yet I watch Bitcoinwisdom and am capable of coding my own user interface with the exchanges APIs. I don't want to make a "bot" (even if I actually could, given time and money), but more like a button I can press when two exchanges are in disharmony (One sell, one buy, same amount of BTC).

My question is: Do anybody in this thread have experience with arbitrage trading? Are the margins too small?

There it is. Now, time for "FRIDAY NIGHT VODKA PARTY ALONE IN A TWO ROOM FLAT IN THE SUBURBS OF OSLO"!!! Whoohoooooo!  

Just to add to the question. Would it make sense to use litecoin to transfer money from one exchange to another without using fiat?

Arguably yes, the possibility exists of the funds being accepted and confirmed faster w/ ltc than btc. However on the few occasions I've tried with this, the LTC transfers have been sufficiently delayed for whatever reason close the window on any said opportunity. Likewise not all exchanges accept LTC and offer that arbitrage opportunity. Theoretically it makes a lot of sense and I've heard (as I'm sure we all have) of users successfully rotating through such a system for small profits.

Thanks! Would be interesting to try BTC arbitrage between BTC-E and huobi/okcoin/finex using LTC. I'll just have to sit down and look at the fees.

Hey slimboy! Have you done arbitrage trading before?
EDIT: Not sarcastic

Nope, but I have thought about it. If it's done right it can be a steady stream of income. Sometimes you just have to try.

[tarmi]

hello poor bitcoin fuckers.

still fighting this downtrend?

just sit tight and relax.

[Fatman3001]

hello poor bitcoin fuckers.

still fighting this downtrend?

just sit tight and relax.

Are you still short?

[LFC_Bitcoin]

hello poor bitcoin fuckers.

still fighting this downtrend?

just sit tight and relax.

Desperate for short term small profits are you?

True investors wait to receive their riches.

[inca]

just sit tight and relax.

Most sensible thing you have said on here!

[Fatman3001]

hello poor bitcoin fuckers.

still fighting this downtrend?

just sit tight and relax.

Desperate for short term small profits are you?

True investors wait to receive their riches.

True traders make lots of money often

[Norway]

Why is Bitfinex so bearish compared to others?

That. BTC-E is normally $5-10 under finex.

It's been almost $2 between Huobi and Bitfinex for a couple of days. I have been thinking for a while about starting arbitrage trading. I don't believe in TA (Asstrology) and I can't predict the future. Also, it's easy and cheap to move BTC between exchanges (but not other currencies, could be a disadvantage). I have never traded on an exchange before (I just bought my bitcoins from a guy), yet I watch Bitcoinwisdom and am capable of coding my own user interface with the exchanges APIs. I don't want to make a "bot" (even if I actually could, given time and money), but more like a button I can press when two exchanges are in disharmony (One sell, one buy, same amount of BTC).

My question is: Do anybody in this thread have experience with arbitrage trading? Are the margins too small?

There it is. Now, time for "FRIDAY NIGHT VODKA PARTY ALONE IN A TWO ROOM FLAT IN THE SUBURBS OF OSLO"!!! Whoohoooooo!  

Just to add to the question. Would it make sense to use litecoin to transfer money from one exchange to another without using fiat?

Arguably yes, the possibility exists of the funds being accepted and confirmed faster w/ ltc than btc. However on the few occasions I've tried with this, the LTC transfers have been sufficiently delayed for whatever reason close the window on any said opportunity. Likewise not all exchanges accept LTC and offer that arbitrage opportunity. Theoretically it makes a lot of sense and I've heard (as I'm sure we all have) of users successfully rotating through such a system for small profits.

Thanks! Would be interesting to try BTC arbitrage between BTC-E and huobi/okcoin/finex using LTC. I'll just have to sit down and look at the fees.

Hey slimboy! Have you done arbitrage trading before?
EDIT: Not sarcastic

Nope, but I have thought about it. If it's done right it can be a steady stream of income. Sometimes you just have to try.

Yes, and I'm thinking about it too. As I don't trust TA and do not know the short time future, the only way for me to daytrade, is to do arbitrage. It doesn't depend on quick transfers of BTC (or LiteCoin) from A to B. Just cheap transfers. I'm not talking about megafast robotic trading. Just making two trades simultaniously on two different exchanges at the right moment. (Seriously, between Huobi and Bitfinex, there can be a gap of $1.50 per bitcoin for many hours, even days).

I whish you lived in Oslo, fatty. Then we could have a beer and talk

[ElectricMucus]

What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?

I certainly hope so, otherwise why would they get paid 30% if there was no risk involved ?

It would be assuring for everyone with any money on Bitfinex to know what their policy is in this situation. They could haircut everyone, including exchange accounts, or go gox for all I know.

Dont be silly.

It was silly once thinking about mtgox blowing up and all their customers losing fucking everything. Not to mention this is exactly what happened to bitcoinica. (Exchange in the red because of laggy liquidations.)

[Ezmoneyezlife]

hello poor bitcoin fuckers.

still fighting this downtrend?

just sit tight and relax.

Desperate for short term small profits are you?

True investors wait to receive their riches.

Yep, but you need to wait until august-september atleast, now btc is going to sub 200$ and no chinese trick can stop it.

[damiano]

hello poor bitcoin fuckers.

still fighting this downtrend?

just sit tight and relax.

Are you still short?

Do bears shit in the woods?

[inca]

It was silly once thinking about mtgox blowing up and all their customers losing fucking everything. Not to mention this is exactly what happened to bitcoinica. (Exchange in the red because of laggy liquidations.)

It was silly to predict that coinbase would run off with peoples money but that didn't stop you predicting it on here!

[Fatman3001]

hello poor bitcoin fuckers.

still fighting this downtrend?

just sit tight and relax.

Are you still short?

Do bears shit in the woods?

I don't know. Ask Tarmi.

[ElectricMucus]

It was silly once thinking about mtgox blowing up and all their customers losing fucking everything. Not to mention this is exactly what happened to bitcoinica. (Exchange in the red because of laggy liquidations.)

It was silly to predict that coinbase would run off with peoples money but that didn't stop you predicting it on here!

Stop making stuff up.

[ChartBuddy]

Coin
Explanation

[luckygenough56]

Is bitcoin ded ?

[noobtrader]

so many short but price didnt move   plus the graph is sooo nice, i bet 230 on monday

this is great  


edit : triple bottom and higher low

[Tabata11]

Good thing I bought 20 bitcoins this week at around 217!!!!!!!!!!!!!!