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

[bikerleszno]

Why so big difference between bitstamp and bitfinex ? any reason?

[1714861876]

1714861876

[1714861876]

1714861876

[travwill]

bitfinex has reached nearly its all time high, while bitstamp is behind almost 80 dollars.

what is wrong with stamp?

Bitfinex is shooting up for whats seems like a bad reason.  The deposit stops.  Has people selling and moving coins out.  Their cold wallet is apparently down to 70K or so from 140k+ coins here in no time.  If this occurs they will likely "implode" when selling is done and price will drop down way lower to where other exchanges are...

[spooderman]

DEEZ GAINZ

really hoping that it doesn't retrace the minute bitfinex gets it shit together.

god 8 years in and it's still never a calm moment in this space.

You went long Finex of all places? Do I need to remind you, that it doesnt process withdrawals while chinese lag about 10% behind?

Thats not investing, thats gambling. Also lol about the "hope" part, man. You never learn.

?

i don't day trade bro, my coins aren't even in cold storage, they're at absolute zero.

but i like hanging out here. it's like some digital, bitcoiners only bar  

[boyshx]

85$ difference between bfx and bitstamp. Like 60$ between bfx and btc-e

Something is just wrong.

[Nagadota]

bitfinex has reached nearly its all time high, while bitstamp is behind almost 80 dollars.

what is wrong with stamp?

Nothing is wrong with Bitstamp, the only problem is with Bitfinex.  Since people feel fairly secure on Bitstamp they often dump their coins there for fiat so that they can get a withdrawal quick enough, which is why the price is usually lowest.  Bitcoin's Bitfinex value isn't actually backed by fiat and they can't process fiat withdrawals or even deposits on there so it's not long before it all explodes in their face.

[yefi]

85$ difference between bfx and bitstamp. Like 60$ between bfx and btc-e

Something is just wrong.

That would be the lack of fiat withdrawals at Finex and BTC-e. This has been mentioned several times already.

[Lecter]

bitcoin is literally the most interesting market on the planet.

^calm before the storm==bitcoin price is about to explode up north with leaps and bounds you were never expecting!! :-D weeeee++

Why?  What fundamentals have improved recently?

Less new bitcoins to be found every 10 minutes. Like clockwork.

That's not an improvement, it's always been like that.

bitcoin is literally the most interesting market on the planet.

^calm before the storm==bitcoin price is about to explode up north with leaps and bounds you were never expecting!! :-D weeeee++

Why?  What fundamentals have improved recently?

The fundamentals of the fiat currencies you measure bitcoin price with are worse than ever. That is why the country that will lose the most urgently needs a war.

If this were true, gold would be surging today.

[yefi]

Nothing is wrong with Bitstamp, the only problem is with Bitfinex.  Since people feel fairly secure on Bitstamp they often dump their coins there for fiat so that they can get a withdrawal quick enough, which is why the price is usually lowest.  Bitcoin's Bitfinex value isn't actually backed by fiat and they can't process fiat withdrawals or even deposits on there so it's not long before it all explodes in their face.

It's amazing that Stamp is holding up as well it is - there really seems to be an underlying bullish sentiment thus far, despite current price aberrations.

[boyshx]

85$ difference between bfx and bitstamp. Like 60$ between bfx and btc-e

Something is just wrong.

That would be the lack of fiat withdrawals at Finex at BTC-e. This has been mentioned several times already.

Which is causing an unorganic rise in price that will lead to...?

[york780]

85$ difference between bfx and bitstamp. Like 60$ between bfx and btc-e

Something is just wrong.

That would be the lack of fiat withdrawals at Finex at BTC-e. This has been mentioned several times already.

Which is causing an unorganic rise in price that will lead to...?

ATH and dump.

[Richard Branson]

GOX 2.0

Get your fiat ready. A correction will take place sooner or later. The question with bitcoin is: how much will it go up before the crash?

[JayJuanGee]

GOX 2.0

Get your fiat ready. A correction will take place sooner or later. The question with bitcoin is: how much will it go up before the crash?

Yep... you better get ready.... the crash is imminent...   


The crash is probably gonna start somewhere between $3k and $5k..



PREPARE YOURSELVES!!!!

[megashira1]

This is bad, real bad. All crypto's being artificial pumped due to fiat bottleneck. People are gonna get burned bad and the crypto-sphere is gonna be set back at least a year.

[bitserve]

Nothing is wrong with Bitstamp, the only problem is with Bitfinex.  Since people feel fairly secure on Bitstamp they often dump their coins there for fiat so that they can get a withdrawal quick enough, which is why the price is usually lowest.  Bitcoin's Bitfinex value isn't actually backed by fiat and they can't process fiat withdrawals or even deposits on there so it's not long before it all explodes in their face.

It's amazing that Stamp is holding up as well it is - there really seems to be an underlying bullish sentiment thus far, despite current price aberrations.

Stamp is holding... but if bitcoins continue to flow from bitfinex to bitstamp to be withdraw in FIAT, bitstamp could have some liquidity problems. Whoever is thinking about buying would do better sending FIAT to bitstamp and buying there. Good arbitrage opportunity here.

[STT]

bitcoin is literally the most interesting market on the planet.

^calm before the storm==bitcoin price is about to explode up north with leaps and bounds you were never expecting!! :-D weeeee++

Why?  What fundamentals have improved recently?

Less new bitcoins to be found every 10 minutes. Like clockwork.

That's not an improvement, it's always been like that.

bitcoin is literally the most interesting market on the planet.

^calm before the storm==bitcoin price is about to explode up north with leaps and bounds you were never expecting!! :-D weeeee++

Why?  What fundamentals have improved recently?

The fundamentals of the fiat currencies you measure bitcoin price with are worse than ever. That is why the country that will lose the most urgently needs a war.

If this were true, gold would be surging today.

Bitcoins reduced block reward is an ongoing effect.  People imagined a light switch effect on the actual change over but its really taking time as the blocks of course are evenly spaced, a very large amount of bitcoin is traded and velocity is high.   That means any effect has a big buffer before it changes the landscape I think.

Gold staying at such a high price consistently is already a reflection of national currencies depreciation I think.    A price can be static and be called bullish because the time scale is consistently advancing, a decay on gold would be normal vs currency which actually pays a reasonable return on its holdings.    
Almost all western currencies are impaired by debt and rates below inflation


USD BTC price is approaching a previous monthly high with CNY more sedate but also reaching possible resistance with the highs for most of the last month.  The reaction here especially is a good gauge for market direction going forward

[Paashaas]

$1320 on Finex    I'm a bit speechless now, this will not end up well.

Great selling buying opportunity incomming 

[yefi]

Which is causing an unorganic rise in price that will lead to...?

A widening spread between exchanges? China caused an inorganic drop in prices, but Western exchanges shrugged it off.

[york780]

$1320 on Finex    I'm a bit speechless now, this will not end up well.

Great selling buying opportunity incomming 

+1. YORK is ready for this fake pump.

[Killerpotleaf]

bitfinex has reached nearly its all time high, while bitstamp is behind almost 80 dollars.

what is wrong with stamp?

Nothing is wrong with Bitstamp, the only problem is with Bitfinex.  Since people feel fairly secure on Bitstamp they often dump their coins there for fiat so that they can get a withdrawal quick enough, which is why the price is usually lowest.  Bitcoin's Bitfinex value isn't actually backed by fiat and they can't process fiat withdrawals or even deposits on there so it's not long before it all explodes in their face.

I think poeple are overly afraid  because of what we've seen in the past with gox. bitfinex will probably find a new bank and survive this without too much pain... altho the situation does appear identical to the beginning of the end of gox...

[Killerpotleaf]

$1320 on Finex    I'm a bit speechless now, this will not end up well.

Great selling buying opportunity incomming 

holy molly what's that like 8-9% > stamps price.

maybe at 20% over,  the risk / reward is good enough to start go selling on finex?