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

[wachtwoord]

Is the Gox-Stamp gap widening? (in the last few days I mean)

[pietje]

Is the Gox-Stamp gap widening? (in the last few days I mean)

Yea it is i guess.
What does that mean?

[wachtwoord]

Is the Gox-Stamp gap widening? (in the last few days I mean)

Yea it is i guess.
What does that mean?

Perception of being able to withdraw from Gox is lowering XOR perception of being able to withdraw from Stamp is increasing.

The are other variables (such as ease of deposit, speed of deposit and potential fee structure changes)


Probably just the market being irrational though (nothing much changes at all between Gox and Stamp I think)

[HairyMaclairy]

CBF calculating it but it just might look like the spread is increasing when it is staying constant in % terms. 

[StarenseN]

This is the weekend crash.  

Hm no, sunday means asian monday. so North

[wachtwoord]

CBF calculating it but it just might look like the spread is increasing when it is staying constant in % terms. 

That's why I was asking. Lazy Sunday

[Salivan]

I have speculation that in order to relatively easy move entire market the way to do this is to cause some action on gox, all the rest will follow sooner or later.
What this means:
someone is  driving price up  by purpose and  I don't really bother 

[molecular]

LTC/PPC/(place whatever here) will be players too. Smaller stakes, but IN the game. That's because people need variety and solutions to their problems. Bitcoin might be gold, but there must be diamonds and silver too...

Diamonds are just plentiful, bland looking rocks. They only have their value because of successful advertising campaigns and DeBeers keeping their huge stockpiles hidden away.

Probably one of the most successful and long-lasting advertising campaigns of all time.

I know... I explained this to my wife... She still wants (and thus got lots of) bling.

But I kind of understand it, large diamonds to a girl is more or less what a high end super car, or a super model GF is to a guy.


And in the end we know we have to keep the girls happy so we buy the silly rocks... 

When you think of it: Bitcoin is just as silly. The scarcity is artificial, just as with diamonds.

[molecular]

not good for germans.

Sounds too much like "Mofa":



a choo choo mofa? No fucking way!

Jesus Christ!!! I owned one of those back in the 80s!!!! 

If you still had it in good condition it'd be worth quite a bit these days

[ChartBuddy]

[molecular]

Is the Gox-Stamp gap widening? (in the last few days I mean)

seems to be the case to me, yes. It used to be 10% in summer 2013, then it want to be more like 5-8% until a couple of days ago? Haven't really checked though.

[molecular]

Is the Gox-Stamp gap widening? (in the last few days I mean)

Yea it is i guess.
What does that mean?

Maybe fresh blood still flows the the "best, biggest and most liquid bitcoin exchange, mtGox" and this means we're getting new money rolling in?

[Davyd05]

This is the weekend crash.  

Hm no, sunday means asian monday. so North

going for 5100

[justusranvier]

When you think of it: Bitcoin is just as silly. The scarcity is artificial, just as with diamonds.

What makes Bitcoin attractive is that nobody can create new units arbitrarily and spend them, diluting everybody else's purchasing power.

Inflation is so destructive because of what it does to economic incentives - why work to create useful products and services to earn currency if someone else can just spend newly-printed units and bid up the price of everything you want to buy?

This effect is present in Bitcoin too, but fortunately it's something that diminishes over time via a known schedule.

[molecular]

When you think of it: Bitcoin is just as silly. The scarcity is artificial, just as with diamonds.

What makes Bitcoin attractive is that nobody can create new units arbitrarily and spend them, diluting everybody else's purchasing power.

Inflation is so destructive because of what it does to economic incentives - why work to create useful products and services to earn currency if someone else can just spend newly-printed units and bid up the price of everything you want to buy?

This effect is present in Bitcoin too, but fortunately it's something that diminishes over time via a known schedule.

Main difference is that with Bitcoin, the oversight over the artificial scarcity is decentralized. With De Beers and the diamonds, it seems it's centralized. They are at least executing their policies consistently, though, it seems. At least compared to our fiat controllers.

[molecular]

Looks like a breakout attempt. If the ~360 BTC wall @845 on bitstamp gets eaten, we'll break out.

[wachtwoord]

When you think of it: Bitcoin is just as silly. The scarcity is artificial, just as with diamonds.

What makes Bitcoin attractive is that nobody can create new units arbitrarily and spend them, diluting everybody else's purchasing power.

Inflation is so destructive because of what it does to economic incentives - why work to create useful products and services to earn currency if someone else can just spend newly-printed units and bid up the price of everything you want to buy?

This effect is present in Bitcoin too, but fortunately it's something that diminishes over time via a known schedule.

Main difference is that with Bitcoin, the oversight over the artificial scarcity is decentralized. With De Beers and the diamonds, it seems it's centralized. They are at least executing their policies consistently, though, it seems. At least compared to our fiat controllers.

It is centralized. One entity can have a large effect. In Bitcoin, no single entity can. In fact, no group of entities can, unless it's the majority of the people (NOT the hashing power, that's actually not as important for this).

[wachtwoord]

Looks like a breakout attempt. If the ~360 BTC wall @845 on bitstamp gets eaten, we'll break out.

Lol did you edit that from 500BTC? What is a good site to see the walls these days?

[justusranvier]

The imaginary economic growth thanks to controlled inflation is what brought us to the information age. Using a deflationary monetary unit worldwide will just bring humanity back to neo-feudalism with the bitcoin whales being even crueler than the current elite who are at least kept in check by politicians. I sincerely doubt that bitcoin or deflationary cryptocurrencies will replace fiat altogether, it will just remain a complementary niche market.

Troll harder next time.

[pietje]

Looks like a breakout attempt. If the ~360 BTC wall @845 on bitstamp gets eaten, we'll break out.

Lol did you edit that from 500BTC? What is a good site to see the walls these days?

Alot of resistence at stamp though, 1000 bts till 850
I just use the stamp orderbook, but theres probably a better site for it