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

[hunnaryb]

just got back frmo some serious drinking

going to sleep before I do something stupid...

Drinking is the solution to getting margin called.

[ChartBuddy]

Coin



Explanation

[adamstgBit]

Well not quite as exciting as last night, but I am pleased with were we are at with BTC  

Last night was epic. I have been laughing about it all day today.

last night was epic

i sold another couple 

[nioc]

I just sent some btc somewhere.  I wonder whether it will be included in the next block.  Let's see, there was 44 minutes between the last 2 blocks so I guess not.

I woke up this morning, saw the price had dropped and then checked my bank account.  To my surprise the fiat which was coming on Tues. was already there.  Wonder what I did?

[MinermanNC]

Well not quite as exciting as last night, but I am pleased with were we are at with BTC  

Last night was epic. I have been laughing about it all day today.

last night was epic

i sold another couple 

Christmas shopping money 

[ChartBuddy]

Coin



Explanation

[ImI]

i smell breakout

[ImI]

little wall at 250$ stamp

[sniveling]

i smell breakout

The Chinese are leading this market. It's broken above 2900 on Huobi, and the other exchanges are following. There's only another 100 CNY left to go before the magic 3000 gets broken on Huobi.

[spooderman]

we're almost back to 440 

i can't wait to write a summary of the last four years when july 2016 comes around. it's been a majorly eventful time.

[MinermanNC]

2013 Christmas was the only year I did not have to break out the charge cards for shopping...lol I cashed in nicely at just about 1,000 price btc, oh how I miss those days... even though it was short lived  

And this new "CPU mined" altcoin called Secure Coin I had been mining all year since launch 2013, was massively pumped at the same time BTC was rocketing.. so scored on 2 fronts.. was a great Crypto Christmas  

Enough reminiscing,  I think we see 450.00 tonight  

[chesthing]

A dump near the $500 was expected. Traders painting a double top. Also, some people are expected to cash out before years end for tax reassons.

I was a little worried we where climbing very fast in the last few days, so dumps like these give me confidence we are not going to crash hard in the next leg up.

we should head back down to 395 fast and start another slowly climb immediately

- Knock knock.
- Who's there?
- Correction.
- How can I help you?
- I'm here to inform you that the train is leaving soon. Destination: Unknown

Nice.

Let's see the best meme of all time just once more tonight.

[r0ach]

Dis coin price small like girly man.  It is time to pump it larger.

[MinermanNC]

LOL, that movie was on earlier on AMC 

[nioc]

I just sent some btc somewhere.  I wonder whether it will be included in the next block.  Let's see, there was 44 minutes between the last 2 blocks so I guess not.

I woke up this morning, saw the price had dropped and then checked my bank account.  To my surprise the fiat which was coming on Tues. was already there.  Wonder what I did?

My transaction was included in the fourth block   My last transaction earlier this week took 3 blocks  

btc is working just like it should be

[Jacksp]

I love the new poll haha

Question:   price is ____ price will _____
 high, rise higher
 low, rise
 high, drop
 low, drop lower

[lottery248]

i would wish to go short for now, $400. i am not sure it will be.
let's see what happen if it did.

[chesthing]

i would wish to go short for now, $400. i am not sure it will be.
let's see what happen if it did.

Yeah, probably should have done that last night.

[ChartBuddy]

Coin



Explanation

[JorgeStolfi]

Arbitrage is to place what speculation is to time.
I don't see how the method you have outlined would work: you don't level communicating vessels obstructing the connection.

Suppose that you have 10 BTC and 5000 USD in each of the exchanges X and Y. Suppose that the price has been rock solid at 500, with plenty of liquidity and tiny spread, in both exchanges.  Your total worth is 20 BTC and 10000 USD.

Price drops in exchange X, and you see an ask of 1 BTC at 490 there.  You buy 1 BTC at X for 490 and sell 1 BTC at Y for 500.  Suppose that it raises the price at X back to 500 BTC.

You now have 11 BTC and 4510 USD at X,  9 BTC and 5500 USD at Y.  Your total worth is now 20 BTC and 10010 USD -- you made a 10 USD profit.

That is the basic idea.  But you can buy and sell different amounts of BTC at each exchange.  If you buy where the price is lower and sell where it is higher, you can increase your net worth and push the prices towards equality.  Note that you don't need to transfer BTC or dollars, as long as you have reserves at both ends.