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

[seleme]

i.e. If someone has 100 BTC on Stamp and 100 BTC on Bitfinex, and a pile of USD on both, why not take advantage of times like these to take advantage of the cheap BTC on Stamp by switching to 150 BTC on Stamp, and 50 BTC on Bitfinex. Doing so would give the trader the same amount of BTC, but more Fiat. There must be people in Bitcoin who are set up in this way. Anyone with a considerable stake in Bitcoin must infact be set up this way.

That's only valid in flat market which Bitcoin rarely is.

If you are in bull market than you don't give a shit about arbitrage and fiat, and if you're in bear market than you don't give a shit about arbitrage and bitcoins.

My night to be disagreeable I guess.  I contend that it is not only valid in a flat market.  An arbitrage strategy can be robust against trends.  You can do the arb continuously in that case, even while you participate in the trend by taking a view.  In fact, it is wise to do so, because it creates a portfolio effect.
 

Whatever makes you happy. I personally think it's pretty stupid to be in fiat at any time during big pumps unless you sell in front of resistance to be on safe side and rebuy when it's broken. Otherwise you're just losing big gains while hunting small arbitrage opportunity.

Similar with btc in bear markets.

[ChartBuddy]

Explanation

[TERA]

All you do is sob.

How is this sobbing?

How it is not?

sobbing implies that I am sad. I'm not. I'm just being an ass.

[aminorex]

Still on that topic, an exchange owner can profit at his clients' expense, even without arbitrage...

One of MANY ways.  In an unregulated environment, it's a printing press for bitcoin.  I've seen orders taken away from the top of the book, for example.  Hey, it was a tender.  They can't really complain if someone fills their tender, can they?  Great way to monetize liquidity.  Also teaches a lesson to the wall fakers.  Would be totally illegal in U.S. exchanges, however.
 

[TERA]

[...woefully incomplete enumeration of factors which can contribute to a rising price omitted...]

All of these need to add up to whatever the current markep cap in BTC is (13,000,000 etc)[sic]

Absolutely not.  The amount of fiat burned is not equal to the market cap, ever.

Please add to my list then. I thought it was a good list of things that actually occur on a physical level to move prices. I'd group these together into the 'physical layer'. Now there are other things you could say moves the price like "news", but that would belong to the 'cognitive layer'. Anything that exists in the cognitive layer must still be manifested in the physical layer somehow.

[falllling]

do we all agree that we are going down? too many sell orders at $630 - $645 - $680, we are heading to $610 - $600 -$5xx

[MicroFi]

I sent over some extra fiat to Bitstamp, yesterday.
Hope it gets there on time to buy up some cheap coins ...

[Richy_T]

[...woefully incomplete enumeration of factors which can contribute to a rising price omitted...]

All of these need to add up to whatever the current markep cap in BTC is (13,000,000 etc)[sic]

Absolutely not.  The amount of fiat burned is not equal to the market cap, ever.

The market cap is just about meaningless. Especially for Bitcoin.

And there doesn't need to be any volume for the price to shift. Though it is doubtless more healthy if there is.

[shmadz]

I sent over some extra fiat to Bitstamp, yesterday.
Hope it gets there on time to buy up some cheap coins ...

I'm hoping right along with ya.

Actually I'm thinking I'm just gonna wire 500 bucks every paycheck until we go above 800 (CAD on virtex)

[Parazyd]

Told you we were going down
I have no fiat on exchanges...

[Richy_T]

[...woefully incomplete enumeration of factors which can contribute to a rising price omitted...]

All of these need to add up to whatever the current markep cap in BTC is (13,000,000 etc)[sic]

Absolutely not.  The amount of fiat burned is not equal to the market cap, ever.

Please add to my list then. I thought it was a good list of things that actually occur on a physical level to move prices. I'd group these together into the 'physical layer'. Now there are other things you could say moves the price like "news", but that would belong to the 'cognitive layer'. Anything that exists in the cognitive layer must still be manifested in the physical layer somehow.

The only thing that moves the price is that the lowest seller and the highest buyer agree on a different price than the previous lowest seller and highest buyer.

[Richy_T]

Told you we were going down
I have no fiat on exchanges...

Mo fiat, mo problems.

No fiat, no problem.

[Parazyd]

Told you we were going down
I have no fiat on exchanges...

Mo fiat, mo problems.

No fiat, no problem.

It's a problem, I can't buy more BTC.

[TERA]

I think after this drop to $560 and rebound to $610, we will have a good 2 months or so to chill out and consolidate before the next trend is revealed, based on a potential fractal I noticed.

[falllling]

I think after this drop to $560 and rebound to $610, we will have a good 2 months or so to chill out and consolidate before the next trend is revealed, based on a potential fractal I noticed.

did we drop to $560 in these days?

[TERA]

I think after this drop to $560 and rebound to $610, we will have a good 2 months or so to chill out and consolidate before the next trend is revealed, based on a potential fractal I noticed.

did we drop to $560 in these days?

not yet

[ChartBuddy]

Explanation

[TERA]

I don't plan on subtracting from or adding to my position until I see which way it breaks from ~$600 in July/August.

[hyphymikey]

I don't plan on subtracting from or adding to my position until I see which way it breaks from ~$600 in July/August.

Haha, you are funny!

[Parazyd]

You can't deny the price is dropping though.