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

[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

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[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.

[ImI]

till a wild price difference

yeah, but arbitrage is always a percentage-value and percentage wise we are basically at 10%. i guess thats pretty normal for stamp-china, its just that these days 10% is much more than when we traded at $600

[ImI]

i love that bitstamp is consolidating. seriously thats soo important to really being able to get above that ath and STAY there.

[hulla]

i honestly think 1337 in ~10-20 mins.

Are you serious cos my prediction is that the price will be at round $1300- $1800 first quarter of this year

[BlindMayorBitcorn]

I always told myself on the off chance we ever reached $1000 again I'd sell. Now that we've blown past I have no compass. 

[RCan06]

till a wild price difference

yeah, but arbitrage is always a percentage-value and percentage wise we are basically at 10%. i guess thats pretty normal for stamp-china, its just that these days 10% is much more than when we traded at $600

True, I'm thinking breaking an ATH on BTCChina, Huobi and Okcoin helped push the value a little higher at a quicker pace as well. Bitstamp looks a little confused though....or more level headed haha

[gentlemand]

I always told myself on the off chance we ever reached $1000 again I'd sell. Now that we've blown past I have no compass. 

That would be a tad daffy but do what makes you happy. I have a feeling that it would make you very extremely unhappy later on in the year but who knows?

[Killerpotleaf]

i honestly think 1337 in ~10-20 mins.

Are you serious cos my prediction is that the price will be at round $1300- $1800 first quarter of this year

any second now.

[BlindMayorBitcorn]

I always told myself on the off chance we ever reached $1000 again I'd sell. Now that we've blown past I have no compass.  

That would be a tad daffy but do what makes you happy. I have a feeling that it would make you very extremely unhappy later on in the year but who knows?

I'm not rushing to the exits. It's only monies.

[Killerpotleaf]

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

right eh, and i have a feeling that china's capital controls are only getting tighter and tighter
bitcoin is a way for them to get capital out, but this means their BTC markets are bleeding supply while demand is rising.
no wonder there's such a price dif.

[lightfoot]

I always told myself on the off chance we ever reached $1000 again I'd sell. Now that we've blown past I have no compass. 

Your compass should be pointing towards the moon.

Still, I have to say I was disappointed to log in this evening and only see 1120 on Finex. I really need to have my reality adjusted a bit here.

[Killerpotleaf]

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.

i like watching itBit too.