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minerpumpkin
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July 29, 2014, 04:16:24 PM |
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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? |
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ensurance982
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July 29, 2014, 04:16:48 PM |
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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! |
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adamstgBit
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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July 29, 2014, 04:18:23 PM |
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its no use, so what chinese poeple are buying coin, the fact remains that bitcoin is going to go down down down, because china.
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adamstgBit
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Merit: 1038
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July 29, 2014, 04:21:53 PM |
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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. |
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minerpumpkin
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July 29, 2014, 04:31:04 PM |
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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  |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1038
Trusted Bitcoiner
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July 29, 2014, 04:35:13 PM |
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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 |
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minerpumpkin
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July 29, 2014, 04:38:23 PM |
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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... |
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ensurance982
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July 29, 2014, 04:39:22 PM |
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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?
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adamstgBit
Legendary
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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July 29, 2014, 04:42:31 PM |
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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. |
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ensurance982
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July 29, 2014, 04:45:04 PM |
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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? |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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July 29, 2014, 04:45:40 PM |
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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.  |
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ensurance982
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July 29, 2014, 04:47:01 PM |
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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!  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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July 29, 2014, 04:51:11 PM |
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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? |
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adamstgBit
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July 29, 2014, 04:54:29 PM |
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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.
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ensurance982
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July 29, 2014, 04:58:23 PM |
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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  |
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adamstgBit
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July 29, 2014, 04:59:23 PM |
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rocket science: 1) acummatle a lot of bitcoin 2) provide Shit Tons of cheap USD loans on finex 3)  4) PROFIT!!!!!!!!!!!!!! |
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ChartBuddy
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Activity: 2660
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 29, 2014, 05:00:01 PM |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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July 29, 2014, 05:04:11 PM |
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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 I think it doesn't make much of a difference for price, all it dose is dampens volatility as the potential profit on any given trade is multiplied with leverage. ( thats the theory anyway ) if poeple are using leverage as a way to prop up the price so the rest of their holdings look more valuable we might have a problem... |
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podyx
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Merit: 1035
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July 29, 2014, 05:09:34 PM |
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Looking out for a cup and handle pattern to form on the 6h charts (should reach 620 sometime the first 8 days of august)
Could be the beginning of a bubble after that
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ensurance982
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July 29, 2014, 05:11:58 PM |
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Looking out for a cup and handle pattern to form on the 6h charts (should reach 620 sometime the first 8 days of august)
Could be the beginning of a bubble after that
Finally, some bullish predictions again around here! Do you think it is a textbook cup and handle or is this just a vague assumption? |
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