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

[HairyMaclairy]

It’s harder than it sounds

[1715299440]

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[Last of the V8s]

Not sure it's meant to make any noises. Maybe have that looked at?

[fillippone]

Simple (and possibly really "noob") question about exchanges:

When there is a big green (or red) dildo on the BTC/USD chart of an exchange (say, due to one big whale's move on that specific exchange), how is it possible for nearly all other exchanges, and even different fiat currency charts (BTC/EUR, etc.), to also reflect that move almost instantly? Shouldn't that specific move affect only the exchange in which it was made? At least in the short term?

It seems to me that all exchanges are somehow linked together, so that a move in one of them near-instantly affects all others. I wonder if there is an established inter-exchange system of price equalization (possibly a proactive measure to prevent arbitrage), or if the observed price equalization just happens naturally due to the global market itself (i.e., the "law of averages" taking place).

Have always wondered about this... Any insights appreciated.

Yes.  It’s arbitrage.  

Hairy has a bot on Bitstamp called Stampy, and a bot on Bitfinex called Willy.

When Bitstamp is higher than BFX Stampy sells and Willy buys.

When BFX is higher than Bitstamp, Stampy buys and Willy sells.

The point is keeping both BOTs well feeded.
Moving BTC from an exchange to another is trivial, Liquid (BItcoin private federated sidechain) helped a lot in that).
Moving FIAT from an exchange to another is less so. (in the above first situation Willy cannot buy until fiat liquidity is transfered from Stampy, he just has to wait for the second sictuation to happen to rebalance (it might never happen, thou).

It’s harder than it sounds

Definetly

[Last of the V8s]

Or listened to.

[vapourminer]

You guys with your stacked terabyte HDD’s. I’ll stick to the 1.44 MB not so floppy disks, conveniently strung together with a little help of ARJ. Even has a read only switch for eternal storage. Who needs blockchains.

you techies with your advanced devices. pfffft

still rockin my TRS-80 and C64 cassette drives.

my Columbia IBM clone has a cassette interface too but i never used it. those full height 5.25 floppies were the bomb.

EDIT the TRS-80 also had several 8 inch floppies hooked to it at one point.

[El duderino_]

Simple (and possibly really "noob") question about exchanges:

I’m sorry .... I was one short to hero your ass

[AlcoHoDL]

Thanks guys, I thought it was about arbitrage...

So, you're saying that the price equalization is actually caused by players using bots to take advantage of price differences between exchanges. Makes sense. I thought (just guessing here) that maybe the exchanges themselves had some sort of mechanism in place to prevent this. Also, the time it takes to transfer funds between exchanges would work against it.

Too complicated. Just HoDL and wait. Works for me.

[AlcoHoDL]

Simple (and possibly really "noob") question about exchanges:

I’m sorry .... I was one short to hero your ass

Thanks man!

Wow, soon to have 5 coins in my badge!

Hope we reach the same amount of digits very soon!

[psycodad]

You guys with your stacked terabyte HDD’s. I’ll stick to the 1.44 MB not so floppy disks, conveniently strung together with a little help of ARJ. Even has a read only switch for eternal storage. Who needs blockchains.

you techies with your advanced devices. pfffft

still rockin my TRS-80 and C64 cassette drives.

my Columbia IBM clone has a cassette interface too but i never used it. those full height 5.25 floppies were the bomb.

EDIT the TRS-80 also had several 8 inch floppies hooked to it at one point.

Oh those times...

Code:

LOAD ZAXXON,8,1

<10mins waiting, enjoying sound of tape slowly moving>

LOAD ERROR

Afternoon spoiled.

[machasm]

This little dump is a bit premature.
Still a week to go before the halving.
Maybe whoever it is is hoping to scoop up some cheap coins if any noobs follow his lead.
Don't be fooled gentlemen the long term future is bright.
Keep HODLING.

[vapourminer]

still rockin my TRS-80 and C64 cassette drives.

Oh those times...

Code:

LOAD ZAXXON,8,1

<10mins waiting, enjoying sound of tape slowly moving>

LOAD ERROR

Afternoon spoiled.

oh man yup, C64 fun times.

the TRS-80s displayed 2 asterisks when loading from tape, one blinked whenever a <CR> was read. i remember building a filter for the cassette recorder i used. you kept fiddling with it till the 2nd asterisk blinked more or less regularly.

EDIT: wasnt the 8 for the disk drive and the 1 meant load at a specified addy provided by the program (not the standard addy it would default to if it was BASIC or something).. been a while.

[Globb0]

@ AlcoHoDL

arbitrage bots

With lightning fast connections. Its all about the tiniest split of a second.

Add to that front running because they can get in first too. (Some even have direct links to or equipment within an exchange)


Just  like in gaming they win with their ping.

[OutOfMemory]

You guys with your stacked terabyte HDD’s. I’ll stick to the 1.44 MB not so floppy disks, conveniently strung together with a little help of ARJ. Even has a read only switch for eternal storage. Who needs blockchains.

you techies with your advanced devices. pfffft

still rockin my TRS-80 and C64 cassette drives.

my Columbia IBM clone has a cassette interface too but i never used it. those full height 5.25 floppies were the bomb.

EDIT the TRS-80 also had several 8 inch floppies hooked to it at one point.

Oh those times...

Code:

LOAD ZAXXON,8,1

<10mins waiting, enjoying sound of tape slowly moving>

LOAD ERROR

Afternoon spoiled.

While in my head it goes:
Peek'n Poke, Peek'n Poke, Peek'n Poke...
all the time  

Today i finally jumped it and threw my money at an Asus Zenbook UM431 with a Ryzen5 (Good bye, Intel - i hope i won't miss u).
Mainly because of the slightly bigger dimensions than the newer UM433 models and the better bottom vent placement.
At about $600 without windoze, it's OK for me, but that's still some fiat i didn't invest into corn, on the other hand.

[Syke]

Today i finally jumped it and threw my money at an Asus Zenbook UM431 with a Ryzen5 (Good bye, Intel - i hope i won't miss u).
Mainly because of the slightly bigger dimensions than the newer UM433 models and the better bottom vent placement.
At about $600 without windoze, it's OK for me, but that's still some fiat i didn't invest into corn, on the other hand.

I hope you got 16 GB RAM. 8 GB just doesn't cut it anymore. Ryzen laptops are nice.

[psycodad]

<snip>

EDIT: wasnt the 8 for the disk drive and the 1 meant load at a specified addy provided by the program (not the standard addy it would default to if it was BASIC or something).. been a while.

You are totally right, I am sorry. 8 is first floppy, 9 second floppy etc, 1 is for the datasette. *
Must have been more than a week since I played Zaxxon from datasette (the cool guys run it from floppy nowadays) 

*  https://www.c64-wiki.de/wiki/LOAD

[vapourminer]

Must have been more than a week since I played Zaxxon from datasette (the cool guys run it from floppy nowadays) 

my buds and i wasted more time playing Archon on the c64 than just about anything else i can remember doing from back in the day. wore out several joysticks just on that one game until i bought the Big Red Stick (i think that was the name)

best game ever.

https://en.wikipedia.org/wiki/Archon:_The_Light_and_the_Dark

time to fire up an emulator. maybe build an proper arcade cabinet.

[Globb0]

Must have been more than a week since I played Zaxxon from datasette (the cool guys run it from floppy nowadays) 

my buds and i wasted more time playing archon on the c64 than anything else i can remember doing from back in the day. wore out several joysticks just on that one game until i bought the Big Red Stick (i think that was the name)

best game ever.

https://en.wikipedia.org/wiki/Archon:_The_Light_and_the_Dark

time to fire up an emulator. maybe build an proper arcade cabinet.

https://archive.org/details/Archon_1983_Electronic_Arts_h_Duo_Asocciates

[psycodad]

Must have been more than a week since I played Zaxxon from datasette (the cool guys run it from floppy nowadays) 

my buds and i wasted more time playing archon on the c64 than anything else i can remember doing from back in the day. wore out several joysticks just on that one game until i bought the Big Red Stick (i think that was the name)

best game ever.

https://en.wikipedia.org/wiki/Archon:_The_Light_and_the_Dark

time to fire up an emulator. maybe build an proper arcade cabinet.

Ah, the screenshot rang a bell but was not into it much.  Though I wasted half my youth in front of a C64, notably I never played again really after that.
Regarding joystick killing,
Decathlon was unbeatable in that regard. One afternoon with friends and the microswitches in the joystick were done for good.



In retrospect it was a really stupid game, but great for competition between friends and perfect training for later in youth when similar hand movement without joystick started to prevail.

[vapourminer]

https://en.wikipedia.org/wiki/Archon:_The_Light_and_the_Dark

time to fire up an emulator. maybe build an proper arcade cabinet.

https://archive.org/details/Archon_1983_Electronic_Arts_h_Duo_Asocciates

great. there goes all the yard work i had planned for today lol

thanks!

[Globb0]

They have all the games and all the platforms just search


I completed some old spectrum games like Kings Keep


https://archive.org/details/internetarcade


Very addicted to 10 yard fight. But I always close it in a mood.  lol