ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 02, 2014, 07:02:36 PM |
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aminorex
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Sine secretum non libertas
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February 02, 2014, 07:04:29 PM |
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I can get bitcoins by simply initiating a bank transfer. Speedybitcoins.com (no affiliation) sees the transfer, buys some bitcoins and deposits them in my wallet.
speedybitcoin.co.uk That's better than coinbase. It eliminates the send-to-wallet step.
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gentlemand
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Welt Am Draht
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February 02, 2014, 07:05:37 PM |
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Out of pure curiosity has anyone bothered to note the longest gap between postings on this thread? Chartbuddy aside of course.
Perhaps it'll end up a go to indicator of Bitcoin sentiment quoted on the evening news.
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JorgeStolfi
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February 02, 2014, 07:10:49 PM |
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Now, on topic:
One would expect that a big "wall" - an offer to buy or sell 100 BTC or more, sitting in the order book - would be a barrier for the price, halting its fall or rise for a while.
But could it be that a big wall also attracts large transactions that "eat" it instantly?
Suppose that the highest bid is at 900$ and there are only small bids all the way down to 700$, adding to 20 BTC.
Someone who wants to sell 100 BTC at 800$ minimum will probably wait. If he sells 10 BTC to the small bidders in the 800-900 range, the price will fall to 800$. Some bidders will get scared and lower their bids even more, further away from his sell goal.
Now suppose someone puts up a bid for 150 BTC at 800$; then that seller would immediately sell his batch.
In this example, the existence of the big wall triggered a price drop that would have been delayed indefinitely without it. Does this sort of thing happen in reality? If so, is it common enough to negate the "protective" effect of big walls?
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thezerg
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Activity: 1246
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February 02, 2014, 07:11:14 PM |
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Campinas is sort of like like Finland in winter, without the winter. "Entertainment" is four shopping malls
Just because I wrote that... A foot-long lizard came into our living room, scared the hell out little doge doggy. We shooed him out. (Doesn't seem to be a native species, may be some neighbor's escaped pet.) But proves nothing, it surely could have happened in Finland too, with a reindeer or something. theres always the awesome beaches of ubatuba just a few hrs away and some interesting mtns btw them if you hike... too bad you didnt post this 2 weeks ago I really would have appreciated exchanging some btc for brl...
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Holliday
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February 02, 2014, 07:18:22 PM |
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Now, on topic:
One would expect that a big "wall" - an offer to buy or sell 100 BTC or more, sitting in the order book - would be a barrier for the price, halting its fall or rise for a while.
But could it be that a big wall also attracts large transactions that "eat" it instantly?
Yes, walls sometimes attract long term buyers or sellers who are interested in a slippage free exchange rate.
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magicmexican
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February 02, 2014, 07:32:47 PM |
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Sup with btc-e overdumping
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Holliday
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February 02, 2014, 07:34:56 PM |
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Sup with btc-e overdumping
That is their m.o. BTC-e BTC/USD correlates better with BTC-e LTC/USD than it does with other bitcoin markets.
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JorgeStolfi
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February 02, 2014, 07:39:46 PM |
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Your terrors prescient, your fate cemented - eternal night in my "ignore".
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aminorex
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Sine secretum non libertas
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February 02, 2014, 07:40:12 PM |
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Sup with btc-e overdumping
CryptoLocker payouts.
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aminorex
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Activity: 1596
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Sine secretum non libertas
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February 02, 2014, 07:45:12 PM |
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In this example, the existence of the big wall triggered a price drop that would have been delayed indefinitely without it. Does this sort of thing happen in reality? If so, is it common enough to negate the "protective" effect of big walls?
Constantly. Any change in the available liquidity creates a new market environment for takers, and their rational choices change. In an unregulated environment, you will see liquidity taken away from the BBO.
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MANofthePEOPLE
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February 02, 2014, 08:04:36 PM |
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What's going on at btc-e? Always lower than bitstamp lately but now its almost $20 difference
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surfer43
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Activity: 560
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"Trading Platform of The Future!"
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February 02, 2014, 08:05:03 PM |
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macsga
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Strange, yet attractive.
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February 02, 2014, 08:12:18 PM |
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Nope... it's just CCMFing at a constant speed... See for yourself!
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surfer43
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"Trading Platform of The Future!"
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February 02, 2014, 08:23:52 PM |
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Nope... it's just CCMFing at a constant speed... See for yourself! We need to eliminate friction and grav then we can accelerate and CC2DAM00NMF See for yourself
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JorgeStolfi
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February 02, 2014, 08:33:18 PM |
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theres always the awesome beaches of ubatuba just a few hrs away and some interesting mtns btw them if you hike...
I was there last october actually. But "few hours" is more like six, on low traffic days... Yes, the Serra do Mar plateau scarp covered with semitropical forest may be the best scenery in the whole State. I know of at least one "Amazon jungle" movie that was actually shot there.
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Holliday
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February 02, 2014, 08:56:36 PM |
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What's going on at btc-e? Always lower than bitstamp lately but now its almost $20 difference Bitstamp is used more by payment processors like Coinbase/BitPay etc. keeping a steady flow, while btc-e is mainly speculation folk. Wouldn't that (being used by payment processors) increase the downward pressure resulting in a lower exchange rate at BitStamp? Do payment processors like Coinbase/BitPay purchase coins?
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magicmexican
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February 02, 2014, 09:09:39 PM |
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btc-e makes me sad
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Kramerc
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February 02, 2014, 09:26:50 PM |
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btc-e makes me sad
Its better than Huobi making all of us sad. Stamp will not move w/o clear instructions from China.
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MANofthePEOPLE
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February 02, 2014, 09:27:01 PM |
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someone just dumped 820 coins on stamp
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