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

[ImI]

stamp shows who is da boss, if they dont wanna move, they dont move.

pretty sure the chinese exchanges are the bosses tbh.

its actual a very interesting situation at the moment. lets see who will win, either stamp rising or china coming back.

[orpington]

i just wanna see 8888 get hit on chinese exchanges. then we have new gods on our side.

I was just gonna say that. Major big number. They love their 8's over there.

[600watt]

i just wanna see 8888 get hit on chinese exchanges. then we have new gods on our side.

sounds good.  

[uhoh]

Thanks. Looking for convenience and low fees really. Used to use Stamp but the bank fees and appalling FX rate was killing me. I've bought from bitbargain, three years ago as I was learning about BTC, but selling would be a hassle. Will look into Kraken but anywhere abroad will probably use SEPA, which incurs vast penalties. I've got a friend who uses LocalBitcoins, but I don't like the idea of waiting around and doing it all manually.
Basically the banking sector here sucks with regard to bitcoin.

Try Bittylicious? I've no idea what it's like as a seller but they're superb to buy from. I'm not sure whether it's in any way automated but try asking them. You get a juicy premium too.

Bittylicious is excellent for buying. Same deal with selling as bitbargain, though - approval process and of course you have to wait around and make manual transfers.
Will probably stick with Coinfloor for now. They're not terrible, I was just spoiled by the convenience of Circle, sending coins and having them turn up as GBP, with no further action necessary on my part, practically zero slippage and no withdrawal fees. It was too good to be true. Banksters. The day of reckoning is nigh.

Just signed up with Coinfloor, waiting for verification. Does your bank charge you to receive the GBP wires from them? cheers.

[eddie13]

stamp shows who is da boss, if they dont wanna move, they dont move.

pretty sure the chinese exchanges are the bosses tbh.

its actual a very interesting situation at the moment. lets see who will win, either stamp rising or china coming back.

How much BTC would one have to send to stamp in order to margin buy out that 280 BTC wall?

[Syke]

How much BTC would one have to send to stamp in order to margin buy out that 280 BTC wall?

It's in flux. About $350k gets you through that wall.

[marcus_of_augustus]

Problem at Bearswamp? ... looking a little sketchy over there?

[practicaldreamer]

stamp shows who is da boss, if they dont wanna move, they dont move.

pretty sure the chinese exchanges are the bosses tbh.

its actual a very interesting situation at the moment. lets see who will win, either stamp rising or china coming back.

Who would win if someone weighing 19 stone went in the ring with someone at 7 stone wet through ?

Its not that stamps price is invalid in any way - it is what it is - but its not reflective of the wider population distribution.

[afbitcoins]

...
Never risk the lot, make good profits on high risks with small stakes, or lower risks with bigger stakes.

And don't be greedy, always sell your position 'too early' it's way better than 'too late'.

This is not always true.

If you sold too early and the price was $100

But selling at "too late" is $500 after a crash...

 

I was paraphrasing the Rothschilds who said they made their money by always selling too early.   Basically it is always 'too early', until it's too late.  

I sold a few at 1130, because it was near the old ATH and gold price and I had not cashed ANYTHING in yet.   You might as well divest a little and realise some profit. Let's face it - those of us here a few years have to take some out eventually.

You may be (personally) interested to know that it was actually cashing out some XMR into BTC which I then used an exchange to convert to old-fashioned fiat.

Buys me that new drive I have wanted at home, so I am happy.  I still have plenty of BTC to enjoy selling at much, much higher prices. And if it goes down, I can be happy too.

I am still looking for ways to go direct to spend, but realistically via BTC is still the best way.

Selling too early is a big risk too though. If you sell at $1K then it goes to $10K you'd be spewing, do you buy back in at 2K? or sit out? I think top of first dead cat bounce is quite a nice point to exit

[Killerpotleaf]

stamp shows who is da boss, if they dont wanna move, they dont move.

pretty sure the chinese exchanges are the bosses tbh.

its actual a very interesting situation at the moment. lets see who will win, either stamp rising or china coming back.

kinda feels like china is pushing its price high, so coins from the west make there way onto their exchanges.

[eddie13]

I think we need to reevaluate volume so we can accurately understand the power of these exchanges..

Something like.. Total bought ratio to total sold and the volume of that difference/gap would be actual money coming into and out of the market on that exchange vs total buy/sell vol..

With no fees you can buy and sell your own coins all day long but you can't really buy more than you sold or sell more than you bought unless your actually putting a steak out there, or area good trader and wind up with more of everythng..

[afbitcoins]

stamp shows who is da boss, if they dont wanna move, they dont move.

pretty sure the chinese exchanges are the bosses tbh.

its actual a very interesting situation at the moment. lets see who will win, either stamp rising or china coming back.

kinda feels like china is pushing its price high, so coins from the west make there way onto their exchanges.

A bit like how gold is flowing over there too

[HI-TEC99]

Problem at Bearswamp? ... looking a little sketchy over there?

That ramped series of walls will probably get pulled if people start buying into them quickly. Once they are gone stamp will be at a new ATH. Someone probably put them up in an attempt to avoid getting margin called elsewhere.

[HairyMaclairy]

When start legendary shill accounts fud and dump coins ?

At $1150, is my assertion.

It is time.

[ImI]

something that one can observe very often:

if stamp moves either up or down that move is also made by the other exchanges, be it huobi, okcoin, finex, whatever

but if lets say huobi starts a big move and stamp doesnt follow, then thats it. huobi backs off and comes back again.

so stamp is the one that has to "confirm" any movement in china, if that doesnt happen then the move fails.

edit: thats why its so interesting at the moment. lets see if china has to back off or they have the power to drag stamp higher.

[RCan06]

Haven't posted here in a while, but still read daily.

It's been a long 3 years of ups and downs, but I want to join the ATH celebration.

I assume we're not following Huobi. That $110 arbitrage, hows that holding?

[willope]

BTC-e $1085
Huobi $1237(8578 cny)
 

[ImI]

Haven't posted here in a while, but still read daily.

It's been a long 3 years of ups and downs, but I want to join the ATH celebration.

I assume we're not following Huobi. That $110 arbitrage, hows that holding?

move btc to china -> sell -> get fiat -> and then?

its hard to get fiat out of china, thats why arbitrage doesnt work well. most likely you need connection to get fiat out.

[RCan06]

Haven't posted here in a while, but still read daily.

It's been a long 3 years of ups and downs, but I want to join the ATH celebration.

I assume we're not following Huobi. That $110 arbitrage, hows that holding?

move btc to china -> sell -> get fiat -> and then?

its hard to get fiat out of china, thats why arbitrage doesnt work well. most likely you need connection to get fiat out.

Ah, makes sense. I always overlook fiat problems ha. Still a wild price difference

[marcus_of_augustus]

Looks to me like a massive dead short is trying to escape their position ... $10 spread on the BearSwamp and 30-50 arb with other USD exchanges.

I trust itBit more who have a chartered NY Bank Trust and doing decent volumes now.