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

[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.

[BlindMayorBitcorn]

I remember at a low we used to consider the Bitcoin basically an index of dark market penetration.  But global value pent up against capital controls must be the biggest market in history, and we're sitting in the middle of it. Isn't it?

[Bitcoinb0b]

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.

not really, china always controls the price.

[edgar]

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.

^^

[BlindMayorBitcorn]

You point at the moon, I look at your finger. But I'm trying to see.

[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.

looks like stamp wins.

china follows stamp after fake breakout.

[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.

not really, china always controls the price.

nope, china controlling the price and being the reason for the rally is just the message that's perfect for the media and noobs.

[600watt]

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. 

Crypto Version of bizarre Stockholm syndrome 😂

I know how you feel.

what a ride.

[JimboToronto]

Another day, another tall green candle, another ATH.



With the added feature of a nice little correction/consolidation. Rocketing upward but not too fast.

[BTCtrader71]

You point at the moon, I look at your finger. But I'm trying to see.

https://www.youtube.com/watch?v=sDW6vkuqGLg
Go to 1:15