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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26408112 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
N12
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January 21, 2014, 12:30:33 AM
 #77921

It's because Emptygox doesn't spit out the money it owes its customers.
Does this have any relation with MtGOX's withdrawal delays?
http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

Is it confirmed that JPY withdrawals work?  What prevents one from withdrawing in JPY and then converting to USD by other channels?

Nothing, that channel of arbitrage works afaik. SEPA (I hear up to 5-6 weeks) and JPY (I hear up to 1-2 weeks) have some delays as well though. SWIFT on the other hand will never go through, as the queue dates back more than half a year and it's growing.
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January 21, 2014, 12:35:14 AM
 #77922

It's because Emptygox doesn't spit out the money it owes its customers.
Does this have any relation with MtGOX's withdrawal delays?
http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

Is it confirmed that JPY withdrawals work?  What prevents one from withdrawing in JPY and then converting to USD by other channels?

Nothing, that channel of arbitrage works afaik. SEPA (I hear up to 5-6 weeks) and JPY (I hear up to 1-2 weeks) have some delays as well though. SWIFT on the other hand will never go through, as the queue dates back more than half a year and it's growing.

Don´t you think the spread wouldn´t close after all this time. If one was able to cash out 5-6 figures with SEPA.It would be easy and free money (just like hodling Bitcoin)
All(the few) confirmations that have been reported were 3 or low 4 figures sums.
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January 21, 2014, 12:38:38 AM
 #77923

The spread HAS closed for a good time in the past months – and not for the first time. Now it is opening up again, a lot. We need a % deviation historical chart to analyze this.
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January 21, 2014, 12:43:35 AM
 #77924

The spread HAS closed for a good time in the past months – and not for the first time. Now it is opening up again, a lot. We need a % deviation historical chart to analyze this.

Almost always there was spread between Gox and Stamp, but this big spread without flash upward movement is realy odd. And there is a contradictorily trading of large Fiat/BTC amounts between these two exchanges.

In the moment there is opened a buy order on Stamp it gets filled nearly instantly.
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January 21, 2014, 12:56:02 AM
 #77925

Jeremy Allaire (Circle), Barry Silbert (Bitcoin Investment Trust) talk bitcoin at the DLD conference today.  Interesting info from Barry - friendly US regulatory meetings, wall street coming in.  Worth watching to see these thought leaders.

http://www.youtube.com/watch?v=WMilJzD3pL0&feature=share
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January 21, 2014, 01:00:19 AM
 #77926

The spread HAS closed for a good time in the past months – and not for the first time. Now it is opening up again, a lot. We need a % deviation historical chart to analyze this.

Almost always there was spread between Gox and Stamp, but this big spread without flash upward movement is realy odd. And there is a contradictorily trading of large Fiat/BTC amounts between these two exchanges.

In the moment there is opened a buy order on Stamp it gets filled nearly instantly.

There are also many 0.01~0.2 Bots that keep the price always a few dollar higher than the actual highest "real bid" is, to attract people to put their bids higher. Many conspiracy today, i know Wink
I haven´t seen these bots on Stamp 1-2 months ago or earlier.
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January 21, 2014, 01:02:31 AM
 #77927


Explanation
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January 21, 2014, 01:39:53 AM
 #77928

this is BITCOINtalk.org, not Dogecointalk. You fuckers are just being rude. I don't go to your house, piss in the flowerpot and shit on your rug. Please do us the same courtesy. You have your own, threads, your own subforum, your own reddit. use them and leave us alone. We don't want you here. You are like juveniles. you missed the early adopter phase and you think it's unfair. tough shit. life ain't fair. It'll be even less fair when your shitcoin tanks but I won't invade your space and gloat about it cuz, you know, I'm better than you. Now do me the favor of fucking off and possibly dying, but that last part is up to you. Thanks.
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January 21, 2014, 01:43:19 AM
 #77929

this is BITCOINtalk.org, not Dogecointalk. You fuckers are just being rude. I don't go to your house, piss in the flowerpot and shit on your rug. Please do us the same courtesy. You have your own, threads, your own subforum, your own reddit. use them and leave us alone. We don't want you here. You are like juveniles. you missed the early adopter phase and you think it's unfair. tough shit. life ain't fair. It'll be even less fair when your shitcoin tanks but I won't invade your space and gloat about it cuz, you know, I'm better than you. Now do me the favor of fucking off and possibly dying, but that last part is up to you. Thanks.

Please don't hold back.  Tell us all how you really feel.

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January 21, 2014, 02:01:41 AM
 #77930

How long until mainstream economists realize that the forces behind Dogecoin's rise in fiat value are the same behind Bitcoin's? Can't wait for the Krugman article re daily price manipulation of relatively tiny volume determining huge market cap.

http://en.wikipedia.org/wiki/Market_manipulation
http://en.wikipedia.org/wiki/Market_manipulation
http://en.wikipedia.org/wiki/Market_manipulation
http://en.wikipedia.org/wiki/Market_manipulation

 Cheesy Cheesy Cheesy

*edit*

also patiently awaiting an update on overstock's daily bitcoin sales. Anyone think it's increasing?  Cheesy Cheesy Cheesy
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January 21, 2014, 02:02:41 AM
 #77931


Explanation
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January 21, 2014, 02:09:05 AM
 #77932

It's because Emptygox doesn't spit out the money it owes its customers.
Does this have any relation with MtGOX's withdrawal delays?
http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

Is it confirmed that JPY withdrawals work?  What prevents one from withdrawing in JPY and then converting to USD by other channels?

Nothing, that channel of arbitrage works afaik. SEPA (I hear up to 5-6 weeks) and JPY (I hear up to 1-2 weeks) have some delays as well though. SWIFT on the other hand will never go through, as the queue dates back more than half a year and it's growing.

Im in Canada, does this mean I am never getting my 2.5k out of gox Huh
I'm in Canada also, I briefly looked at Gox, but I could not see any reliable way to get fiat in or out. (as a miner, getting fiat out is a bit of a concern)

luckily cavirtex opened soon after and now I can get fiat out in a couple days instead of a couple months...
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January 21, 2014, 02:25:54 AM
 #77933

It's because Emptygox doesn't spit out the money it owes its customers.
Does this have any relation with MtGOX's withdrawal delays?
http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

Is it confirmed that JPY withdrawals work?  What prevents one from withdrawing in JPY and then converting to USD by other channels?

Nothing, that channel of arbitrage works afaik. SEPA (I hear up to 5-6 weeks) and JPY (I hear up to 1-2 weeks) have some delays as well though. SWIFT on the other hand will never go through, as the queue dates back more than half a year and it's growing.

Im in Canada, does this mean I am never getting my 2.5k out of gox Huh
I'm in Canada also, I briefly looked at Gox, but I could not see any reliable way to get fiat in or out. (as a miner, getting fiat out is a bit of a concern)

luckily cavirtex opened soon after and now I can get fiat out in a couple days instead of a couple months...

Same here.  I was LIbertyBit at first, then when they closed down I moved everything to CAVirtex.
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January 21, 2014, 02:47:29 AM
 #77934

Strange pattern at Gox, in the last 6 hours price hit 975 about 40 times already.
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January 21, 2014, 02:47:49 AM
 #77935

This article about the Bitcoins Savings and Trust scam is old news (July 2013)

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.Ut3d3ihCYtU

but I wonder what happened to the 150,000 BTC Shavers allegedly stole from customers.  Apparently he had sold at least 80,000 before being caught.  What about the rest? Lost in day trading?
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January 21, 2014, 02:51:38 AM
 #77936

It's because Emptygox doesn't spit out the money it owes its customers.
Does this have any relation with MtGOX's withdrawal delays?
http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

Is it confirmed that JPY withdrawals work?  What prevents one from withdrawing in JPY and then converting to USD by other channels?

Nothing, that channel of arbitrage works afaik. SEPA (I hear up to 5-6 weeks) and JPY (I hear up to 1-2 weeks) have some delays as well though. SWIFT on the other hand will never go through, as the queue dates back more than half a year and it's growing.

Im in Canada, does this mean I am never getting my 2.5k out of gox Huh
I'm in Canada also, I briefly looked at Gox, but I could not see any reliable way to get fiat in or out. (as a miner, getting fiat out is a bit of a concern)

luckily cavirtex opened soon after and now I can get fiat out in a couple days instead of a couple months...

This sucks, because now I have to wait till the coin goes down in price to buy back what I sold them for, to top it off they haven't verified my account yet. It has been more than 3 weeks

The price prolly won't drop at Gox because too many people like us are waiting for it to happen. They'd have to make some major announcement like a deal with a big bank to fully automate SWIFT withdrawals and I really doubt that will occur. Best thing IMHO would be for Mark K to sell out to someone who has his shit together.  Some smart VC should be making him a sales pitch on that right now. Gox is hemorrhaging market share and that price differential (that is widening) is just the sound of a dying beast.  
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January 21, 2014, 02:52:50 AM
 #77937

Sure seems like someone is trying to manipulate the market.   Lots of 0.01 and now many trades for way below ask.   Look at that spate of 820 buys.   (bitstamp)

They seem to be trying to trigger bot dumps.
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January 21, 2014, 03:02:41 AM
 #77938


Explanation
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January 21, 2014, 03:07:56 AM
 #77939

It's because Emptygox doesn't spit out the money it owes its customers.
Does this have any relation with MtGOX's withdrawal delays?
http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

Is it confirmed that JPY withdrawals work?  What prevents one from withdrawing in JPY and then converting to USD by other channels?

Nothing, that channel of arbitrage works afaik. SEPA (I hear up to 5-6 weeks) and JPY (I hear up to 1-2 weeks) have some delays as well though. SWIFT on the other hand will never go through, as the queue dates back more than half a year and it's growing.

Im in Canada, does this mean I am never getting my 2.5k out of gox Huh
I'm in Canada also, I briefly looked at Gox, but I could not see any reliable way to get fiat in or out. (as a miner, getting fiat out is a bit of a concern)

luckily cavirtex opened soon after and now I can get fiat out in a couple days instead of a couple months...

This sucks, because now I have to wait till the coin goes down in price to buy back what I sold them for, to top it off they haven't verified my account yet. It has been more than 3 weeks

The price prolly won't drop at Gox because too many people like us are waiting for it to happen. They'd have to make some major announcement like a deal with a big bank to fully automate SWIFT withdrawals and I really doubt that will occur. Best thing IMHO would be for Mark K to sell out to someone who has his shit together.  Some smart VC should be making him a sales pitch on that right now. Gox is hemorrhaging market share and that price differential (that is widening) is just the sound of a dying beast.  

I will be happy if it goes to about 880. Do you think its a possibility?
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January 21, 2014, 03:18:00 AM
 #77940

It's because Emptygox doesn't spit out the money it owes its customers.
Does this have any relation with MtGOX's withdrawal delays?
http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

Is it confirmed that JPY withdrawals work?  What prevents one from withdrawing in JPY and then converting to USD by other channels?

Nothing, that channel of arbitrage works afaik. SEPA (I hear up to 5-6 weeks) and JPY (I hear up to 1-2 weeks) have some delays as well though. SWIFT on the other hand will never go through, as the queue dates back more than half a year and it's growing.

Im in Canada, does this mean I am never getting my 2.5k out of gox Huh
I'm in Canada also, I briefly looked at Gox, but I could not see any reliable way to get fiat in or out. (as a miner, getting fiat out is a bit of a concern)

luckily cavirtex opened soon after and now I can get fiat out in a couple days instead of a couple months...

This sucks, because now I have to wait till the coin goes down in price to buy back what I sold them for, to top it off they haven't verified my account yet. It has been more than 3 weeks

The price prolly won't drop at Gox because too many people like us are waiting for it to happen. They'd have to make some major announcement like a deal with a big bank to fully automate SWIFT withdrawals and I really doubt that will occur. Best thing IMHO would be for Mark K to sell out to someone who has his shit together.  Some smart VC should be making him a sales pitch on that right now. Gox is hemorrhaging market share and that price differential (that is widening) is just the sound of a dying beast.  

I will be happy if it goes to about 880. Do you think its a possibility?

of course it's possible, but by no means certain. It may take weeks, months or eternity so it depends on how long you can afford to wait. MtGox could just go out of business and then you're stuck at 100% loss. Tough call, I know. Really hope it works out for you.
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