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

[adamstgBit]

This video is over 2 months old.

And why would Kevin O'Leary use such a small exchange?

cavirtex is first class, deposited funds can clear in less then 10 mins. Its the best exchange for canadians

So? If I have many thousands of dollars worth of buying to do, why take such a small exchange?
Not only the slippage would kill you, but so would their 3% fee.

the fees are 0.5% if your a market maker.

1 reason to take your fiat to smaller exchanges would be to buy up as many coins as you can , and not directly affect the mtgox price

but i dont think thats whats happening...

truth is his bid will fill, and its not like he would of gotten ALOT more bitcoin if he had when through the trouble of sending to MtGox, and sending money to mtgox doesn't take 10 mins, but at cavirtex it does

[Adrian-x]

This video is over 2 months old.

And why would Kevin O'Leary use such a small exchange?

cavirtex is first class, deposited funds can clear in less then 10 mins. Its the best exchange for canadians

So? If I have many thousands of dollars worth of buying to do, why take such a small exchange?
Not only the slippage would kill you, but so would their 3% fee.

trust! and the fee is only for small volume, + Canadians aren't free from manipulation.

[adamstgBit]

This video is over 2 months old.

And why would Kevin O'Leary use such a small exchange?

cavirtex is first class, deposited funds can clear in less then 10 mins. Its the best exchange for canadians

So? If I have many thousands of dollars worth of buying to do, why take such a small exchange?
Not only the slippage would kill you, but so would their 3% fee.

trust! and the fee is only for small volume, + Canadians aren't free from manipulation.

convenience,

send funds to mtgox costs 1 headache  takes 1 week
send funds to virtex costs  0 headache  takes 10 mins

[favelle75]

never seen virtex so active.

Liberty Bit shut down. Where else are Canucks going to trade?

[auto2nr1]

Thanks for all the feedback guys. I have traded before but would still consider myself a newbie since my experience level is low. I am always looking at the charts and the market data. I am not trying to make frequent trades throughout the day. Just trying to buy as low as i can and sell when its high. I am playing with a few grand so i wouldn't mind making a few bucks here and there while learning.  

[hlynur]

Thanks for all the feedback guys. I have traded before but would still consider myself a newbie since my experience level is low. I am always looking at the charts and the market data. I am not trying to make frequent trades without the day. Just trying to buy as low as i can and sell when its high. I am playing with a few grand so i wouldn't mind making a few bucks here and there while learning.  

good luck and enjoy the show
(in other words always keep popcorn and tinfoil at hand )

[Coinseeker]

Thanks for all the feedback guys. I have traded before but would still consider myself a newbie since my experience level is low. I am always looking at the charts and the market data. I am not trying to make frequent trades without the day. Just trying to buy as low as i can and sell when its high. I am playing with a few grand so i wouldn't mind making a few bucks here and there while learning.  

good luck and enjoy the show
(in other words always keep popcorn and tinfoil at hand )

Extra tinfoil!   

[ChartBuddy]

[JimCGSavings]

...besides that i gave up hope to find a pic of a drunken monkey in front of a computer on the web

Challenge accepted! Meanwhile...Bitcoin Trading Monkey:
http://img.photobucket.com/albums/v104/recon83/MonkeyComputerMoney.jpg

[hlynur]

Extra tinfoil!   

up up and away

[Frozenlock]

This video is over 2 months old.

And why would Kevin O'Leary use such a small exchange?

cavirtex is first class, deposited funds can clear in less then 10 mins. Its the best exchange for canadians

So? If I have many thousands of dollars worth of buying to do, why take such a small exchange?
Not only the slippage would kill you, but so would their 3% fee.

the fees are 0.5% if your a market maker.

1 reason to take your fiat to smaller exchanges would be to buy up as many coins as you can , and not directly affect the mtgox price

The fees are 0.5% only if you have already done transactions for at least 2500 BTC.

You don't affect the MtGox price, but you do affect even more the local exchange price.

truth is his bid will fill, and its not like he would of gotten ALOT more bitcoin if he had when through the trouble of sending to MtGox, and sending money to mtgox doesn't take 10 mins, but at cavirtex it does

First, you don't know if the bid will fill.
It might, if the market goes down.
One thing is certain: they can't buy at market without an insane slippage.

Second, no it doesn't take 10 mins!

Use E-interac like I used to? No, they stopped that.

Deposit money into their RBC account... oh wait no that's closed.

So, using other banks and options:
Online Bill Payment ---> 3 to 5 days, Daily Limit: $10,000.00
Direct Withdraw ----> 3 to 5 days, Daily Limit: $10,000.00

Both assuming you are already verified.

You could still use
Cash deposit ----> Processing Time: Same day, Daily Limit: $3,000.00
But then you aren't such a big player...

So yes, I'm still wondering WTH is happening there.

[hlynur]

...besides that i gave up hope to find a pic of a drunken monkey in front of a computer on the web

Challenge accepted! Meanwhile...Bitcoin Trading Monkey:

Fred in his best times

(better get to sleep now to keep information content at level on this thread )

[ChartBuddy]

[ChartBuddy]

[auto2nr1]

Newbie trader here. Would like some trading tips. I see consolidation is happening right around $105.00-$106.00 area for the past few hours. Usually does this mean it will break out upward after or will it drop? Thanks in advance.

Be careful, they will tell you the opposite they think is going to happen to take your money 

I'll give you both scenarios. If the stock remains on 105-106 for the whole week, expect a drop to ~$80 again. if there's a move up in the price, it'll happen during the week, if not, brace yourselves....

If the stock remains right around $105-$106 why would you expect a drop?

[gizmoh]

Newbie trader here. Would like some trading tips. I see consolidation is happening right around $105.00-$106.00 area for the past few hours. Usually does this mean it will break out upward after or will it drop? Thanks in advance.

Be careful, they will tell you the opposite they think is going to happen to take your money 

I'll give you both scenarios. If the stock remains on 105-106 for the whole week, expect a drop to ~$80 again. if there's a move up in the price, it'll happen during the week, if not, brace yourselves....

If the stock remains right around $105-$106 why would you expect a drop?

Because some sellers need to sell every week at whatever price..

[el_rlee]

Newbie trader here. Would like some trading tips. I see consolidation is happening right around $105.00-$106.00 area for the past few hours. Usually does this mean it will break out upward after or will it drop? Thanks in advance.

Be careful, they will tell you the opposite they think is going to happen to take your money 

I'll give you both scenarios. If the stock remains on 105-106 for the whole week, expect a drop to ~$80 again. if there's a move up in the price, it'll happen during the week, if not, brace yourselves....

If the stock remains right around $105-$106 why would you expect a drop?

Because some sellers need to sell every week at whatever price..

..and they are forced to do this on the weekends.

[ChartBuddy]

[auto2nr1]

Got it. So we will have to see how it plays out this week and see if it is a repeat of last week.

[BTCdude007]

How long do USD wire transfer withdrawals to a US bank account take?

I initiated one on the 6th and there is no sign of it in my bank account yet...