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

[dreamspark]

Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.

Ah OK, wasn't sure. But 4% seems like a huge markup for a rather large mining operation like ASICMiner. Maybe they're better off solo-mining, then. Do you think they could have made a deal with Discus Fish for lower fees, though?

Yeah for sure, thats why the ASICminer angle has some credibilty, if your bringing petahashes of mining power they wont be charging you as high of a fee.

1% of $100 is better than 4% of $10 (crude example!)

[hdbuck]

you know something's up when folks in the wall observer thread talks about AM..

[adamstgBit]

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

i think most of the arbitrage happens with bitfenix, which is currently lagging but moving in the right direction.

[ensurance982]

Its not private.

4% fee though if I remember correctly.

Tbf the ASICMiner angle does have some credibility to it on first glance.

Ah OK, wasn't sure. But 4% seems like a huge markup for a rather large mining operation like ASICMiner. Maybe they're better off solo-mining, then. Do you think they could have made a deal with Discus Fish for lower fees, though?

Yeah for sure, thats why the ASICminer angle has some credibilty, if your bringing petahashes of mining power they wont be charging you as high of a fee.

1% of $100 is better than 4% of $10 (crude example!)

Yeah, being a big pool makes your rate of hitting a block more predictable. Also you gain exposure, which is good. Why do you think people join Discus Fish if it has such a high fee, if there are other pools with lower or even no fee???

[minerpumpkin]

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

i think most of the arbitrage happens with bitfenix, which is currently lagging but moving in the right direction.

Yeah, Finex is at least following China a bit. But I still don't see any significant movement, to be honest... Hasn't Finex stopped arbitraging with Stamp?

[ensurance982]

you know something's up when folks in the wall observer thread talks about AM..

Yeah, let's hope FC brings those PH to live! I wonder how long it will take them to get back on track!

[adamstgBit]

its no use, so what chinese poeple are buying coin, the fact remains that bitcoin is going to go down down down, because china.

[adamstgBit]

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

i think most of the arbitrage happens with bitfenix, which is currently lagging but moving in the right direction.

Yeah, Finex is at least following China a bit. But I still don't see any significant movement, to be honest... Hasn't Finex stopped arbitraging with Stamp?

ya they only do USD/CNY arb.  and let the free market do the Stamps/Finex arb.

[minerpumpkin]

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

i think most of the arbitrage happens with bitfenix, which is currently lagging but moving in the right direction.

Yeah, Finex is at least following China a bit. But I still don't see any significant movement, to be honest... Hasn't Finex stopped arbitraging with Stamp?

ya they only do USD/CNY arb.  and let the free market do the Stamps/Finex arb.

Yeah, let the free market do that, I guess. I think it's not that profitable anyways for the regular trader. Guess it's more a gamble than actual arbitrage

[adamstgBit]

What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?

It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale.

It looks totally different! Not like China at all! Bitstamp is bouncing around at $580-$582 and China already took off few meters...

i think most of the arbitrage happens with bitfenix, which is currently lagging but moving in the right direction.

Yeah, Finex is at least following China a bit. But I still don't see any significant movement, to be honest... Hasn't Finex stopped arbitraging with Stamp?

ya they only do USD/CNY arb.  and let the free market do the Stamps/Finex arb.

Yeah, let the free market do that, I guess. I think it's not that profitable anyways for the regular trader. Guess it's more a gamble than actual arbitrage

highly sophisticated systematic gambling, i'm sure they have a few tricks / number crunching to make it less of a gamble and more like scalping volatility across exchanges

[minerpumpkin]

Yeah, let the free market do that, I guess. I think it's not that profitable anyways for the regular trader. Guess it's more a gamble than actual arbitrage

highly sophisticated systematic gambling, i'm sure they have a few tricks / number crunching to make it less of a gamble and more like scalping volatility across exchanges

So.... gambling?

In other news: We're going back down again? Huge/Medium dumps on $578? Seems fragile. Is this going to be a quintiple bottom, or will we see $550? Dark times, ahead, I guess...

[ensurance982]

Why haven't we burned more longs on leverage on Finex? The credit bubble there didn't seem to care at all about the crash the other day! Why is the market so stable?

[adamstgBit]

Why haven't we burned more longs on leverage on Finex? The credit bubble there didn't seem to care at all about the crash the other day! Why is the market so stable?

the crash might of been a few long closing

but at the same time people are opening new longs...

the " credit bubble " isn't going anywhere. it will only get bigger, much bigger.

[ensurance982]

Why haven't we burned more longs on leverage on Finex? The credit bubble there didn't seem to care at all about the crash the other day! Why is the market so stable?

the crash might of been a few long closing

but at the same time people are opening new longs...

the " credit bubble " isn't going anywhere. it will only get bigger, much bigger.

So you're saying that it isn't a problem? Could it become a problem when there's a really big crash cascading down the longs? Or some other incident?

[podyx]

Why haven't we burned more longs on leverage on Finex? The credit bubble there didn't seem to care at all about the crash the other day! Why is the market so stable?

the crash might of been a few long closing

but at the same time people are opening new longs...

the " credit bubble " isn't going anywhere. it will only get bigger, much bigger.

[ensurance982]

Why haven't we burned more longs on leverage on Finex? The credit bubble there didn't seem to care at all about the crash the other day! Why is the market so stable?

the crash might of been a few long closing

but at the same time people are opening new longs...

the " credit bubble " isn't going anywhere. it will only get bigger, much bigger.

Nooo, don't be so pessimistic! I know, it doesn't look as awesome as it did yesterday, when the price rebounded to $590, but it's still too early to call this bubbly bubble off!

[adamstgBit]

Why haven't we burned more longs on leverage on Finex? The credit bubble there didn't seem to care at all about the crash the other day! Why is the market so stable?

the crash might of been a few long closing

but at the same time people are opening new longs...

the " credit bubble " isn't going anywhere. it will only get bigger, much bigger.

So you're saying that it isn't a problem? Could it become a problem when there's a really big crash cascading down the longs? Or some other incident?

a long squeeze is an excellent time to place a long.

ironic?

[adamstgBit]

also the ridiculous ROI poeple have reported for just lending USD on finex, seems to indicate that the "credit bubble" has much room to grow.

[ensurance982]

also the ridiculous ROI poeple have reported for just lending USD on finex, seems to indicate that the "credit bubble" has much room to grow.

Do you think that all that FIAT money that is 'parked' in Finex is good for the price of Bitcoin, since it is effectively being used to buy more bitcoin, or is it bad for the price. I'm trying to figure out the exact workinga and implications here

[adamstgBit]

rocket science:

1) acummatle a lot of bitcoin
2) provide Shit Tons of cheap USD loans on finex
3)  
4) PROFIT!!!!!!!!!!!!!!