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

[HairyMaclairy]

Funny that no one is talking about the mem pool as we clear 30 sat transactions. 

How to put that politely ? Today I don't give a shit about the mempool, I am just mesmerized by the price graph.

That was very polite. Well done !

[HairyMaclairy]

Korean exchanges just can't get enough. We are at an all time high and they are still leading by about $2000.

At some point someone HAS to figure out how to arb these exchanges.

When the Chinese exchanges were at a premium it was much harder to arbitrage. But there must be some wealthy Koreans that want to take advantage of this opportunity.

I looked into it.  Korea has forex controls so getting money out is hard. You have to do some shit like buy Hyundai’s and ship those out to get your money out.

The reason locals are buying bitcoin is to send it offshore and circumvent their own forex controls that way.  They don’t care the price it just lets them move funds offshore. We are watching the won inflate against bitcoin in real time.

[BitcoinBunny]

What's the deal with IOTA going beserk? Soon it will overtake Bitcoin Cash marketcap.

[explorer]

Korean exchanges just can't get enough. We are at an all time high and they are still leading by about $2000.

At some point someone HAS to figure out how to arb these exchanges.

When the Chinese exchanges were at a premium it was much harder to arbitrage. But there must be some wealthy Koreans that want to take advantage of this opportunity.

I looked into it.  Korea has forex controls so getting money out is hard. You have to do some shit like buy Hyundai’s and ship those out to get your money out.

The reason locals are buying bitcoin is to send it offshore and circumvent their own forex controls that way.  They don’t care the price it just lets them move funds offshore. We are watching the won inflate against bitcoin in real time.

At about a bitcoin a piece, they soon overflow your carry-on.

[HairyMaclairy]

What's the deal with IOTA going beserk? Soon it will overtake Bitcoin Cash marketcap.

I sold mine at 46 cents /shrug. I couldn’t figure out how the tangle was supposed to work so I couldn’t believe in the tech.

[bitserve]

What's the deal with IOTA going beserk? Soon it will overtake Bitcoin Cash marketcap.

I am trying to figure out.... What I have been able to figure out is that a bunch of shitcoins being traded at Finex have been ridiculously pumped for no apparent reason.

[bitserve]

What's the deal with IOTA going beserk? Soon it will overtake Bitcoin Cash marketcap.

I sold mine at 46 cents /shrug. I couldn’t figure out how the tangle was supposed to work so I couldn’t believe in the tech.

That's the problem I have with all that shitcoins. I try to see something good and it is mostly all shit. Yet some of them rise spectacularly without even delivering anything close to a working PoC.

The tangle is not that bad idea itself, and you can see it fully working in Byteball. What I would like to see is how the iota team plan to make it work on iot devices. A simple arduino PoC would be great.... but I don't see that coming any time soon... or never.

[Neo_Coin]

12,650. Where is the correction? 

[HairyMaclairy]

This is nicer.

[600watt]

Let us brace ourselves. Fib says we are heading $13,000 in less than 24 hours. If i'm wrong i'll double my giveaways  on street childrens this Christmas.  

dude, don´t be greedy and rent them a flat. or start a charity that does that.

[HairyMaclairy]

Is this what they call expoparabolic?

[HairyMaclairy]

Is this some sort of competition ?

[BitcoinBunny]

When I go to Bitcoinity.org it displays my graph in mBTC.  ---Figured out how to change it...

It might be better if more exchanges would show that too as it seems more affordable to more people I reckon but then the shine of the mammoth value of 1 BTC is lost too. Hmmm.

[600watt]

Is this some sort of competition ?

we are entering PERMA ATH MODEERA, dude!

[HairyMaclairy]

Is this some sort of competition ?

Not at all. It's just totally rad, dude !

I’m totally down with that 

[HairyMaclairy]

A bit brave to be dumping coins at 12615 in this market.  

Edit:  Monero going on a tear. Up 31%.  My ETH is a dog.

[600watt]

almost 15 minutes without ATH. wtf is going on?

BTC dead?

[jbreher]

Bitcoin up 4%, bcash is down 10%. This is a pattern I'd like to see repeat.

It bears repeating. Get it, [jbreher]?

Haha. Reading this several hours later. GDAX just flirted with $12,730.04 (USD). Bitcoin Cash at $1442.00. If this goes on much longer, I'll be at net zero for my BTC->BCH buys.

I'd rather see BCH get pumped, but I am more than happy to have it happen for BTC. After all, I've got lowball standing BTC->BCH orders that are getting hit.

I decided I'd like a new house. I've accordingly increased the stakes on my laddered volatility trading scheme.

Cheers!

[AlexGR]

Meanwhile... in Korea:

1   Bithumb   BTC/KRW   $836,975,000   $14,486.60   9.10%   Recently
2   Bitfinex   BTC/USD   $744,290,000   $12,466.00   8.09%   Recently
3   Binance   IOTA/BTC   $394,564,000   $11,806.00   4.29%   Recently
4   Bitfinex   MIOTA/BTC   $377,900,000   $12,687.30   4.11%   Recently
5   GDAX   BTC/USD   $361,114,000   $12,675.00   3.93%   Recently
6   bitFlyer   BTC/JPY   $225,775,000   $12,585.60   2.45%   Recently
7   HitBTC   BCH/BTC   $198,361,000   $12,545.20   2.16%   Recently
8   Bitstamp   BTC/USD   $174,541,000   $12,456.00   1.90%   Recently
9   BTCC   BTC/USD   $167,185,000   $12,930.00   1.82%   Recently
10   Coinone   BTC/KRW   $163,023,000   $14,490.30   1.77%   Recently
11   Korbit   BTC/KRW   $144,443,000   $14,472.00   1.57%   Recently

[HairyMaclairy]

How much of the Korean economy can we squeeze through bitcoin?   Korean GDP is nominally US$1.4 trillion.