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

[BTCMILLIONAIRE]

Looks like we're going to hit $4,100

We need more drama!

But I took out a mortgage to short Bitcorn with 100x leverage.

[Wilhelm]

Looks like we're going to hit $4,100

We need more drama!

But I took out a mortgage to short Bitcorn with 100x leverage.

Lol let's see how this turns out *grabs bag of crisps*

[LFC_Bitcoin]

I’m sure this has probably been asked before many, many times but what’s stopping you buying on Stamp (at clearly lower prices) & then going straight to Bitfinex & selling (at a higher price).

Rinse & repeat.

Would it be that easy or am I missing something?

[Kylapoiss]

Maybe if me and gentlemand swapped identitits we could get in.
I could go as him:

and he could go as me:

[toknormal]

Smash & grab in progress.

[ssmc2]

Looks like we're going to hit $4,100

Yep then drop

[bitserve]

I’m sure this has probably been asked before many, many times but what’s stopping you buying on Stamp (at clearly lower prices) & then going straight to Bitfinex & selling (at a higher price).

Rinse & repeat.

Would it be that easy or am I missing something?

Turnaround time, added risk, Tether, fees. But yeah, it is possible to make some, just not as much as it seems.

[d_eddie]

Special thanks to PoolMinor for compiling this list.

After much thought, in the spirit of fulfilling my promise, and to spite all the haters, I am offering to send 0.000777 BTC (to anyone within 20 pages of my boastful post @ https://bitcointalk.org/index.php?topic=178336.msg30630119#msg30630119 - the below compiled list) if you PM me with a BTC address.

I'm glad to see my name in this list of virtual beer mates.

Drink it yourself (enjoy in moderation, that's probably too much beer for just a couple guys). With a toast to her maybe. You'll still owe me one at the party: tropical island, Vegas, whatever... though the suggestion of renting George Martin's place really resonated with me.  

My sincere hope is that this shuts up JJG, and I get to knock him the fuck out at the $100k party.

Shutting him up? Are you serious? Hopeless task.  

About hopeless tasks: he's not that bad though. He defended you fiercely with the cockroach, before of course denying he did (in under 100 words! What a phony denial.)

(No homo) A makeup kiss would be great (hint hint).

[BTCMILLIONAIRE]

I’m sure this has probably been asked before many, many times but what’s stopping you buying on Stamp (at clearly lower prices) & then going straight to Bitfinex & selling (at a higher price).

Rinse & repeat.

Would it be that easy or am I missing something?

It's called arbitrage and being done constantly. You have to keep in mind the transfer duration, transfer fees and trading fees, the biggest factor of which is the timing. The profit margin of any such inefficiency quickly drops to the cost of the transfer + trade with a risk premium on top to adjust for the delay.

[sirazimuth]

A group of people, sitting around, staring at charts and occasionally grunting or sneezing :S Sounds fun.

....and farting ... (well in my case with all that beer,I’m sure I’d drop a couple of  cheeker sneakers anyway....)

Remind me to take a different plane than the one you will be on.

Fair enough, but I swear ,this wasn’t me ...lol
https://www.google.com/amp/s/m.huffpost.com/us/entry/us_5a8af930e4b05c2bcacddc9b/amp

[Last of the V8s]

https://twitter.com/bitfinex/status/1069971078435520512
https://medium.com/bitfinex/bitfinex-and-ethfinex-list-every-major-stablecoin-in-commitment-to-providing-coin-agnostic-9af86d02c6b9
fucking socialists

[El duderino_]

You haven't visited belgium too often i guess

[Last of the V8s]

tooooooo much (haven't visited too often(maybe))
also people from Belgium are called Belgians.
we don't want two Belgiums or more because that would be too confusing to contemplate
but you can never have too many Belgians.

[empowering]

I’m sure this has probably been asked before many, many times but what’s stopping you buying on Stamp (at clearly lower prices) & then going straight to Bitfinex & selling (at a higher price).

Rinse & repeat.

Would it be that easy or am I missing something?

Just the usual barriers to arbitrage (which could in theory be negated by having "stock" of fiat/stablecoin and a stock of BTC on both exchanges)  other than that its withdrawal times and transfer fees, plus before they had a withdrawal limits, etc

Part of the stickler with Bitfinex has been the lack of a reliable fiat off ramp , which I think is getting resolved now.

There has up til now only been tether as an option.... which was part of the problem.. but as of today they announced the following

"Announcements > Bitfinex and Ethfinex list every major stablecoin in commitment to providing coin agnostic platforms December 04, 2018
From today customers of Bitfinex and Ethfinex will be able to trade all six major stablecoins on both exchanges.

At Bitfinex and Ethfinex we are dedicated to providing a high quality, unbiased meeting place for every ecosystem and customer. We were the first to introduce alternative stablecoins onto our platform, including Dai (an Ethereum collateralised stablecoin), and now proudly introduce the following established stablecoins: USDC, True USD, Paxos, and Gemini USD. All stablecoins on Bitfinex and Ethfinex will be traded against USD.

For more information, please refer to today’s announcement."

This development may in fact kill any potential premium and the arbitrage opportunity along with it.....if not then using the stablecoins could be an option going forward


Also you need to be fully verified to withdraw fiat or stablecoins (at least tehter)

That being said if there is a efficient mechanism for the arbitrage going forward from here - the gap should in theory get narrowed quickly...

[bitserve]

tooooooo much (haven't visited too often)
also people from Belgium are called Belgians.
we don't want two Belgiums or more because that would be too confusing to contemplate
but you can never have too many Belgians.

Hey you, fucker, why did you call me a socialist? Don't look the other way now!

[El duderino_]

tooooooo much (haven't visited too often)
also people from Belgium are called Belgians.
we don't want two Belgiums or more because that would be too confusing to contemplate
but you can never have too many Belgians.

I’m getting there, slow and steady

[d_eddie]

Looks like we're going to hit $4,100

Yep then drop

I'm hoping for a slightly higher range, like 4.2-4.3 possibly 4.5k even.
But you know her - gotta be a joker, she just do what she please.

A quote from the Boatles (seasteading before its time), or were they called the Roaches or something...?

[Wilhelm]

https://twitter.com/bitfinex/status/1069971078435520512
https://medium.com/bitfinex/bitfinex-and-ethfinex-list-every-major-stablecoin-in-commitment-to-providing-coin-agnostic-9af86d02c6b9
fucking socialists

Yep I don't get this either ... all these bank-backed-crypto-coins (i will name them BBCC's)

The USD used to be backed by gold...
The GBP used to be backed by silver...

...so now we are going to back crypto by something that can be printed by banks which itself is backed by nothing...

Wasn't crypto a method to get rid of banks and printing money?!? 

[d_eddie]

tooooooo much (haven't visited too often)
also people from Belgium are called Belgians.
we don't want two Belgiums or more because that would be too confusing to contemplate
but you can never have too many Belgians.

Hey you, fucker, why did you call me a socialist? Don't look the other way now!

Cause you sound like one sometimes maybe? Disillusioned with state power and social democracies for sure - you're a main player in the WO after all - but still on the "social" more than the "anarcho-libertarian" side.

Disclaimer: I never called you that. Just thinking aloud.

[Last of the V8s]

Please don't quote the trolls