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

[DaRude]

OMG Huobi $589, the west $530, still a big gab but im delighted 

I'm looking at

Bitstamp 521
BTC-e 501.7
Bitfinex 532.09
Huobi 589.87

...which means we have spreads like 6% between btc-e and finex, 11% between finex and huobi, and 17% between huobi and btc-e.

If anything, these spreads show how broken legacy banking is and the difficulties of global mobility of funds between countries and markets, in terms of feasibility and speed.

Bitcoin is simply light years ahead of problematic and slow legacy banking and it shows in how legacy banking is creating arbitrage opportunities with vast spreads in the (much-faster-moving) btc market.

BTC trading in particular seems to be the "vehicle" of exposing legacy banking for its inadequacies...

Indeed the 17% spread is very bothersome. Either China is so hot they're buying everything in sight with no regards to other markets and arbs ran out of funds on western exchanges, or there's an outflow of capital from China and they're cashing out on western exchanges. Or maybe a bit of both

[marcus_of_augustus]

where's all the trolls and shills??


i'm gonna need some helpers with all these bitcoin bags i'm holding ... i'll throw them trading tips

[Andre#]

Bitstamp continues to bleed and sell cheap bitcoins.

But only if you pay with USD. For EUR they are on par.

Now:

Kraken EUR: EUR 465 ( = USD 517)
Bitfinex USD: USD 524 ( = EUR 471)
Bitstamp USD: USD 505 ( = EUR 455)
Bitstamp EUR: EUR 464 ( = USD 516)

So there's only a difference in the USD market, not in the EUR market.

[Fatman3001]

<-- what's this! 

There's a thread somewhere in the meta section that reveals these little hidden gems.

Here's an old one: https://bitcointalk.org/index.php?topic=228503.msg2406390#msg2406390

From a good friend of ours..

And first reply is from Eva Braun.

Only in Bitcoin.

Well, and Stormfront.

[Oblodo]

Oh no.. Here we go again

[Karartma1]

Someday around the end of April I said on this thread that we could have seen 600$ by the end of May. Damn I was close. In any case I predicted a pump.
I still think this is simple and pure manipulation (as usual) but what it concern me now is June.
We saw knc miner shutting down just before the halving. we are close to that and this creates a lot of uncertainty.

If you got some profit put some stop-loss in place and enjoy the ride. It might be the good one.

[tinky winky]

Why's the price gone back down? Is it because when ethereum goes up bitcoin goes down and the ethereum dump is over now, or is ethereum doing a dead cat bounce?

[Karartma1]

Why's the price gone back down? Is it because when ethereum goes up bitcoin goes down and the ethereum dump is over now, or is ethereum doing a dead cat bounce?

I'm no ethereum supporter but eth is really far from being dead. When BTC price moves it's like a tsunami: it's a matter of big numbers. ETH still does not have that power. This is why, so far, all altcoins are generally traded more when btc price is dormant.

[hdbuck]

[Ted E. Bare]

Here we go rising again. Let's destroy the shorters!

[becoin]

The price will consolidate and every dip below 500 is a buy opportunity. After 2-3 days it'll be +600.

[orpington]

Bitstamp continues to bleed and sell cheap bitcoins.

But only if you pay with USD. For EUR they are on par.

Now:

Kraken EUR: EUR 465 ( = USD 517)
Bitfinex USD: USD 524 ( = EUR 471)
Bitstamp USD: USD 505 ( = EUR 455)
Bitstamp EUR: EUR 464 ( = USD 516)

So there's only a difference in the USD market, not in the EUR market.

Andre#, you are (a) spot on (toilet paper)!!!

[marcus_of_augustus]

yet another updraft with >$10 spread on bearswamp ... things looking a little out-of-shape.

Discontinuous re-valuation to higher levels is not an unlikely outcome in this atmosphere.

[finkelsteinMonster]

where's all the trolls and shills??
http://i.dailymail.co.uk/i/pix/2015/02/02/254750E300000578-0-image-a-9_1422907157709.jpg

i'm gonna need some helpers with all these bitcoin bags i'm holding ... i'll throw them trading tips

Look at you, stylin' in your Sunday best! How you call that color, "Royal Purple"?

[podyx]

To be honest I think we'll visit 490's again, it is a bit too fast so early

Caught a 492 buy order while asleep like expected

Ready for the moon now!

[vlight]

So if everyone's expecting the price to rise, the market might as well crash 

[finkelsteinMonster]

So if everyone's expecting the price to rise, the market might as well crash 

This time it'll be different.™

http://s33.postimg.org/mpdnzpean/bears.jpg

[bitebits]

OMG Huobi $589, the west $530, still a big gab but im delighted 

Where is Stolfi with some figures of the different exchanges? Did he officially retire from Bitcoin(talk)?

[gentlemand]

Perhaps he realised his heroic battle to save people from Bitcoin is faltering. He's deep in the Amazon formulating a new approach.

[becoin]

To be honest I think we'll visit 490's again, it is a bit too fast so early

Caught a 492 buy order while asleep like expected

I can't see price gone so low. What exchange do you use?