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

[tarmi]

I sold and then borrowed that cash, and waited good entry point for shorts.

I love these shorters.  They make like $10 per trade for weeks then short at $125 before it goes to $1200 and lose everything.  This time they'll short $300 before it goes to $3000 and lose the rest.

go back to troll box on some shitty exchange

[rocks]

And china +30$??

Surrealist

I think it is an error with the Bitcoinwisdom conversion rate.

Impossible such gap be maintained for so long

Nope , not an error with the conversion rate. That gap is real. It's totally fucked up and weird , but it's real. Don't trust me , just check the current CNY USD rate anywhere on the web , then do some basic math , and you can see for yourself it is totally spot on with what bitcoinwisdom is showing. My guess is , traders on finex stamp coinbase etc at this point collectively do not trust the huobi okcoin btcchina etc rates to not be artificially inflated , and so they're actively buffering the price with a ~$20-30 gap at the moment. That , or traders are anticipating a severe devaluation of the CNY in the next couple days and are unwilling to risk any amount of time being in CNY instead of USD or EUR , therefore arbitrage is not happening at a high enough volume to bring the exchanges into line with one another. Still , it's totally nuts that arbitragers haven't brought the interexchange rates into sync by now.

This sound spot on. And great explanation, by the way. Thanks

The other possibility is people buying on okcoin in any, and then selling in USD on other exchanges. That would cause a cny / USD split if done in enough volume

[yolalanda]

    Check ignition and may God's love be with you!  
http://s23.postimg.org/pchxp3nrf/Capture.png

This is Ground Control to Major Tom
You've really made the grade
And the papers want to know whose shirts you wear...

[ChartBuddy]

Coin

Explanation

[r0ach]

Shorters all fucked.  The ascending triple bottom in China is in:

[!! pop]

^^ Shh... No tears.

http://s1.postimg.org/ffyzpi8fz/baww.jpg

[alesx.onfire]

thanks god, i dump at 2200 cny

[kromtar]

you always do the best move and win a lot of money, yeah sure lol

[r0ach]

thanks god, i dump at 2200 cny

In China, coin buy you.

[BlindMayorBitcorn]

Everybody! Remain calm! For Heaven's sake... You're embarrassing me.

[Fatman3001]

Everybody! Remain calm! For Heaven's sake... You're embarrassing me.

                   I CAN'T STOP!!!

[ChartBuddy]

Coin

Explanation

[!! pop]

Guys, check out this excellent documentary about Bitcoin:

http://s12.postimg.org/54gp8hyf1/Capture.png

[Denker]

Right now it's a fight around the $310 range.
There is really strong support here. I think we can hold the 300 this time.

[BlindMayorBitcorn]

Everybody! Remain calm! For Heaven's sake... You're embarrassing me.

                   I CAN'T STOP!!!

I think it's called shrinkage.

[LFC_Bitcoin]

Right now it's a fight around the $310 range.
There is really strong support here. I think we can hold the 300 this time.

It was beginning to look like we might dip below 300 but there seems to be big players who don't want us to. Seems a fair bit of resistance. Hopefully when I wake up tomorrow I don't see something like 275

[Spider-Carnage]

Huh, I really thought we were going to retest somewhere below $300. Possibly $280, I think that it goes to show that this rally might still go up next week, if it doenst go up at all or much next week, I'll be glad to have more time to accumulate. 

[alesx.onfire]

thanks god, i dump at 2200 cny

In China, coin buy you.

gentlemen?

[betterangels]

Coin

Explanation

[rjclarke2000]

So.......this is not gentleman?