thelema93
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February 09, 2014, 03:25:30 AM |
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Nice. a large Dutch bank decided that the only way to do software upgrades is by closing all payments during the whole night. Can't get at my Euro's for another 4.5 hours (with a bit of luck). Bitcoin turns out to be a whole lot more reliable than my local bank That bank must have gone bust and must be running off with all their customers money. The sky is falling in and actually holland itself must be trying to bring down the whole euro currency by pretending that it's just for 4.5 hours. Oh no - you will see - you will NEVER get your euros back. - Anti Gox Movement Executive
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7thKingdom
Member
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Activity: 107
Merit: 10
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February 09, 2014, 03:30:44 AM |
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Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.
Anyone know what's going on there?
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windjc
Legendary
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Activity: 2156
Merit: 1070
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February 09, 2014, 03:32:55 AM |
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Anybody know last time we had 7 straight red daily candles on Bitstamp? Has it ever happened?
That's what is happening right now. That should give pause to any bear. At least for the next day or so. Not saying we can't or won't go lower. But that is a long consecutive red candle streak. Now, I know bears will decry this, but I said the same thing a few weeks ago after 8 straight green daily candles.
Something to watch.
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Phinnaeus Gage
Legendary
Offline
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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February 09, 2014, 03:36:05 AM |
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Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.
Anyone know what's going on there?
I'll take a stab at the question. All the traders from Mt Gox, now flush with cash due to the immediate transfer of funds from... Allow me to answer the question later when I put a little more thought on the subject.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 09, 2014, 03:36:38 AM |
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my sister says "the price dropping is depressing, if it drops any lower i'm selling everything" the bottom is real fucking close guys, if not already here If gox actually does start releasing coins on Monday then the snapback will be monumental. Of course, they might have taken the weekend off and will start Monday working on their software instead. they never said the problem would necessarily be solved monday they simply promised an update on monday. next week will be seriously interesting. will mtgox pull thought, will they implode? if they implode, where did everyones funds go to? ( something tells me implosion is never gonna happen... ) if price goes lower than 500$ does it even matter? that would be seriously CCMF. I dont know whats going to happen next week, and frankly i don't care, i'm buying, all i care about is supporting an idea. the idea that in the future the poeple will take back the power of money, no more inflation, no more out of control "print and spend", no more completely out of whack stock market due to massive FED manipulation. only truth, backed-up on the blockchain for all to see. this idea is about freedom from financial corruption, this idea is worth dying for, what's a few dollar worth, NOT A DAMN THING.
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JorgeStolfi
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February 09, 2014, 03:37:34 AM |
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Another way an exchange could lose almost all of its clients' bitcoins is by accidentally reformatting the drive which contained the only copies of the exchange's cold wallets.
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Nicholas-Carraway
Member
Offline
Activity: 150
Merit: 10
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February 09, 2014, 03:49:39 AM |
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Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.
Anyone know what's going on there?
Perhaps they are charging more because they can?
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dgarcia
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February 09, 2014, 03:53:10 AM |
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Anybody know last time we had 7 straight red daily candles on Bitstamp? Has it ever happened?
That's what is happening right now. That should give pause to any bear. At least for the next day or so. Not saying we can't or won't go lower. But that is a long consecutive red candle streak. Now, I know bears will decry this, but I said the same thing a few weeks ago after 8 straight green daily candles.
Something to watch.
I think we will pause. We're hardly oversold, so I guess at least we'll make short upward bounce.
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MANofthePEOPLE
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February 09, 2014, 03:58:16 AM |
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Hope this bounce can take us to 750 before next downswing again. Stamp leading the charge upward for the first time in a long time now.
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relm9
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February 09, 2014, 03:59:25 AM |
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Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.
Anyone know what's going on there?
I think the algorithm accounts for price momentum. For example, if the price jumps up by $10 very quickly, they readjust by +$20-30. Don't have any technical data on this but it's just a hunch from what I've seen.
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7thKingdom
Member
Offline
Activity: 107
Merit: 10
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February 09, 2014, 04:00:52 AM |
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Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.
Anyone know what's going on there?
Perhaps they are charging more because they can? possibly, it just seemed odd since I've never really seen them go out of their way to set their own price, which it seems like their doing here. It's also setting up a rare arbitrage opportunity between the two. Even after coinbase's high selling fees, there's still a solid $15+ gap between them. Those coins can be flipped pretty damn fast.
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 09, 2014, 04:02:24 AM |
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keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 09, 2014, 04:52:22 AM |
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Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.
Anyone know what's going on there?
They are just the middle man between the end user and the exchange, so they could be very easily just padding the price, and keeping the margins as profit...
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BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
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February 09, 2014, 05:02:09 AM |
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Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.
Anyone know what's going on there?
They are just the middle man between the end user and the exchange, so they could be very easily just padding the price, and keeping the margins as profit... It seems like when there is a big drop in price the spread widens on Coinbase. Perhaps because the demand for coins goes up? I remember last time we had a huge drop they even stopped selling coins for a while because they ran out of coins. So perhaps now they just raise the price a bit so they can keep up with supply and demand.
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 09, 2014, 05:02:18 AM |
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JorgeStolfi
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February 09, 2014, 05:08:12 AM |
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In each exchange, prices as low as today's were last seen on about
MtGOX Dec 22 Bitstamp Dec 25 BTC-e Dec 29
BTCChina Jan 02 Huobi Jan 07* OKCoin Jan 07*
* Or Jan 02, i we ignore the single-day dip at Jan 07.
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keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 09, 2014, 05:08:39 AM |
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Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.
Anyone know what's going on there?
They are just the middle man between the end user and the exchange, so they could be very easily just padding the price, and keeping the margins as profit... It seems like when there is a big drop in price the spread widens on Coinbase. Perhaps because the demand for coins goes up? I remember last time we had a huge drop they even stopped selling coins for a while because they ran out of coins. So perhaps now they just raise the price a bit so they can keep up with supply and demand. Yes, I have seen this. This could also be correct.
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keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 09, 2014, 05:21:58 AM |
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Anyone know what's the deal is with Coinbase? Their price is running about $25 over bitstamp right now, which is by far the furthest I've seen them spread. Usually they're pegged right within a dollar or two of stamp as that's where they do all their orders from (at least, that was the common assumption). Very odd that they've been sitting between 695-700 while stamp hovers around 670-675.
Anyone know what's going on there?
They are just the middle man between the end user and the exchange, so they could be very easily just padding the price, and keeping the margins as profit... It seems like when there is a big drop in price the spread widens on Coinbase. Perhaps because the demand for coins goes up? I remember last time we had a huge drop they even stopped selling coins for a while because they ran out of coins. So perhaps now they just raise the price a bit so they can keep up with supply and demand. Yes, I have seen this. This could also be correct. if you check the btc price on coinbase through bitcoinwisdom.com, it is showing a lower price than the buy price directly on coinbase. So what I said initially about them padding the price and keeping the margin, is very probable...
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keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 09, 2014, 05:23:35 AM |
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BTW, the price at BTCChina is actually pretty strong right now, it is slightly above Huobi, and pretty far above Stamp and BTC-E
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