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

[BitUsher]

Down to $25 spread now  

I apologize for being anal retentive, but I keep hearing people use the term "spread" to refer to the price "premium" between exchanges. I thought that traders used the term "spread" to refer to the buy and sell price difference within the same exchange and the price difference between exchanges as the "premium"... thus the price premium of Chinese exchanges is 25 dollars higher than US exchanges.

...or is there something I am missing?

Spread is the price between two things - it can be applied to many things,   eg treasuries vs corporate bond is the Spread to Treasuries, spread between Live Pigs and Pork Bellies is "The Dead Spread",
Premium is the price above market or additional cost one has to pay, eg new issue premium is the extra amount an issuer pays above existing stock to issue more.
Both could probably be used , the Spread between Houbi and Stamp is X, The Houbi premium is Y or the BTCE discount is Z

I suppose some people are using the term spread in a more generic sense (but correct ) where most professional currency investors always refer to it in a very narrow case. -- http://www.investopedia.com/terms/s/spread.asp which is leading to a bit of the confusion?

[ChartBuddy]

Coin

Explanation

[dragonseer]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

[gentlemand]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

Cryptsy is a marginal presence when it comes to USD. If any of the major exchanges were doing that we'd certainly be hearing about it at length and in very large fonts on here.

[luigi1111]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

Er, where have you been? Cryptsy's been having trouble for weeks.

[dre1982]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

There are longer problems with Cryptsy. Take a look in this topic. https://bitcointalk.org/index.php?topic=1173703.0

[BitUsher]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

There have been cryptsy warning signs that have grown recently which started ever since they got in bed with paycoin.

Luckily there are enough regulated and competing exchanges where price discovery cannot so easily be  manipulated like last time with mtGox.

I would be extremely skeptical with any centralized / unregulated exchange.... including btc-e/

[r0ach]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

What the hell does Cryptsy have to do with Bitcoin price?  It's an altcoin exchange.  Anyone who deals with altcoins has known for months not to deposit anything there.  If they ran off with all the altcoins in the universe it's not going to have any effect on BTC.  Current, past, and future BTC price has nothing to do with Cryptsy.

China spread will likely also continue because:

https://bitcointalk.org/index.php?topic=1235466.msg12870013#msg12870013

[hendra147]

Coin

Explanation

wow this i awesome day :O :O :O
im very sad because im not have more BTC ,
i hope i can get ~10BTC before price up to $1000

[peonminer]

[dragonseer]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

There have been cryptsy warning signs that have grown recently which started ever since they got in bed with paycoin.

Luckily there are enough regulated and competing exchanges where price discovery cannot so easily be  manipulated like last time with mtGox.

I would be extremely skeptical with any centralized / unregulated exchange.... including btc-e/

Well that may be comforting for others here I guess.

If Cryptsy pulls an exit scam and takes some of my BTC with it then it puts another twist on this surge anyway :/

[makeacake]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

If you ain't got the private key, you ain't got teh bitcoin

[Sitarow]

[BitUsher]

If Cryptsy pulls an exit scam and takes some of my BTC with it then it puts another twist on this surge anyway :/

Keep trying brother .... Scant evidence suggest they are releasing some BTC so may either have horrendous customer service or attempting to extend the scam.  

If you ain't got the private key, you ain't got teh bitcoin

Yes, and if you choose to loan out your bitcoin for trading you should either do so in a decentralized platform where hacking risks exit scams are eliminated or a regulated exchange where more oversight and insurance exists.

[peonminer]

The FUD is eral. Keep spreading it like some peanutbutter, lulz idiot won't change his password or someone is elaborately trying to hack someone's account. Go read the thread.

[blunderer]

Wha happened to all teh braggadocio? Should I put off scoring that personal jet?
Guys?

[peonminer]

Wha happened to all teh braggadocio? Should I put off scoring that personal jet?
Guys?

Here's a short joke for ya Tamari

[GoWest]

I'm out. I'll get in on the next pullback, even if that's $100 higher than here. This very well could be a bubble to $1000+, but this is a parabola and I'm jumping off!

[peonminer]

I'm out. I'll get in on the next pullback, even if that's $100 higher than here. This very well could be a bubble to $1000+, but this is a parabola and I'm jumping off!

That's what the $340's said

[JimboToronto]

Good morning Bitcoinland.

Another day, another leg up. $380 didn't offer much resistance but $400 is a little stronger.

At least $290 seems to be holding for now.

For those of us who primarily earn and spend Can$, it's nice to be over $500 again. Feels almost like we're halfway back.