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

[philip2000uk]

when you need a different train
http://www.youtube.com/watch?v=mkpCzp0CmjY

[accord01]

beartc ---> bulltc

[ChartBuddy]

[rpietila]

Looks like BTC China is back over the equivalent of $1000 again.

What's more, the spread is rising. Yesterday it was negative, now we are back in 4-7% territory.

[DaSheep]

Madness incoming

[kurious]

Madness incoming

Looks like a little resistance at 2000 there 

[DoomDumas]

AFAIK, the chineese Yen / U$ ratio is arround 5..
U$ seems to lag on the price rise in Yen.  BTC should be @ 1200+ U$ to reflect the ratio.
Im I wrong ?

[windjc]

Arbitraging Bitstamp to commence in 3...2...1...

[explorer]

AFAIK, the chineese Yen / U$ ratio is arround 5..
U$ seems to lag on the price rise in Yen.  BTC should be @ 1200+ U$ to reflect the ratio.
Im I wrong ?

6.1:1

[wachtwoord]

WTF happened to LTC? Anyone interested in buying 10.6LTC for 0.52 BTC? PM me!

[windjc]

Speaking of LTC it would be great if Gox would add it so that I could easily arbitrage Bitstamp using Bitfinex and Gox without ever moving to fiat.  Would help greatly to even out the exchanges.

[fluidjax]

The last hour or two we've lost 1000BTC to $1000 on Bitstamp.
But still 6500BTC to go.

[MickeyT2008]

Speaking of LTC it would be great if Gox would add it so that I could easily arbitrage Bitstamp using Bitfinex and Gox without ever moving to fiat.  Would help greatly to even out the exchanges.

It would also be good because then I could trade BTC/LTC without having to see BTC-e's annoying trollbox

[ChartBuddy]

[niothor]

The last hour or two we've lost 1000BTC to $1000 on Bitstamp.
But still 6500BTC to go.

I need coffee !!!!
The first thing I though about it when I read your message was that "you lost 1000 btc on bitstamp".
And that's where some of my coins are. My pulse went up by 50

[windjc]

The traders on BTC-E are actually kind of brilliant. They are purposefully not buying BTC because they know that the arbitragers will show up there eventually. Meanwhile they can trade around a variety of alts to try and make money of pumping. And then when the arbitragers arrive, they can ride the BTC train upwards. Pretty smart actually.

Maybe that 1% fee to send money there isn't such a bad idea afterall.

[macsga]

Economy

Code:

Total BTC	12,048,050 BTC
Market Cap
based on latest prices
13,180,566,700 USD
or 8,337,250,600 EUR
or 40,818,793,400 PLN
or 7,975,809,100 GBP

I see a great future ahead, for you fellow Bitcoiners!

[fred1111]

The real madness will start once Bitstamp hits $1000. $1000 will seem cheap next week.

[macsga]

The real madness will start once Bitstamp hits $1000. $1000 will seem cheap next week.

Which will happen within 2-3hrs I must say...

[hannesnaude]

The real madness will start once Bitstamp hits $1000. $1000 will seem cheap next week.

I suspect the real madness will take another 1-2 weeks to hit. New money following the flood of >1000 USD new coverage will take some time to get into the exchanges, especially if the verification queues are backed up.