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

[JorgeStolfi]

Bitcoin transfers takes way more than seconds. More when the network is busy because of big rise/fall/mr102 event that makes arbitrage profitable.  How can Bitcoin arbitragers take effect in tens of seconds?

Arbitrage does not require immediate transfer of bitcoins or money.  

An abitrager sees that the highest buy offer on Bitstamp is 480$, and  someone posted a sell offer on  Huobi at 475$.  He immediately buys on Huobi and sells on Bitstamp (not the same coins!), until the bids and asks uncross.  He has to be as quick as possible to beat other arbitragers.   Indeed he must be a robot, so he can react in seconds.

Thus, the delay between a price drop at Huobi and its echo at Bitstamp  is the time it takes for the arbitrager to see the new offer at Huobi and place the order at Bitstamp.

Actually I guess that arbitrage is done by the exchange owners, so it may have higher priority than ordinary clients.  

[Newbie1022]

Bitstamp below BTC-e... crash exceedingly imminent!

[jaberwock]

Bitstamp below BTC-e... crash exceedingly imminent!

Dafuq you talking? Right now Bitstamp is at the 480's and Btc-e at the 477's.

And it seems that the times where a $15 gap between bitstamp and btc-e were standart are gone.

[ChartBuddy]

Explanation

[Newbie1022]

Bitstamp below BTC-e... crash exceedingly imminent!

Dafuq you talking? Right now Bitstamp is at the 480's and Btc-e at the 477's.

And it seems that the times where a $15 gap between bitstamp and btc-e were standart are gone.

A while ago they were at 477 a piece with Stamp a few cents below. This is more folklore than logic, but whenever that happens a crash seems to happen within an hour or two thereof.

[lyth0s]

Bitstamp below BTC-e... crash exceedingly imminent!

Dafuq you talking? Right now Bitstamp is at the 480's and Btc-e at the 477's.

And it seems that the times where a $15 gap between bitstamp and btc-e were standart are gone.

A while ago they were at 477 a piece with Stamp a few cents below. This is more folklore than logic, but whenever that happens a crash seems to happen within an hour or two thereof.

Did you make bank off of your previous shorts?

[Newbie1022]

Bitstamp below BTC-e... crash exceedingly imminent!

Dafuq you talking? Right now Bitstamp is at the 480's and Btc-e at the 477's.

And it seems that the times where a $15 gap between bitstamp and btc-e were standart are gone.

A while ago they were at 477 a piece with Stamp a few cents below. This is more folklore than logic, but whenever that happens a crash seems to happen within an hour or two thereof.

Did you make bank off of your previous shorts?

No, I second guessed myself too much during the crash the last go around (the mid-August event) and made too many panic moves. Made a little. Sometimes made the right general call and still lost a little. That's just being honest.

I've limited myself to one trade per day and with narrow stop losses. I am up 20% for this week. So, one of two things is happening -- I am getting the hang of it OR I am dead and don't even know it yet. We'll see.

[Newbie1022]

Bitstamp below BTC-e... crash exceedingly imminent!

Dafuq you talking? Right now Bitstamp is at the 480's and Btc-e at the 477's.

And it seems that the times where a $15 gap between bitstamp and btc-e were standart are gone.

A while ago they were at 477 a piece with Stamp a few cents below. This is more folklore than logic, but whenever that happens a crash seems to happen within an hour or two thereof.

Did you make bank off of your previous shorts?

No, I second guessed myself too much during the crash the last go around (the mid-August event) and made too many panic moves. Made a little. Sometimes made the right general call and still lost a little. That's just being honest.

I've limited myself to one trade per day and with narrow stop losses. I am up 20% for this week. So, one of two things is happening -- I am getting the hang of it OR I am dead and don't even know it yet. We'll see.

Note: That one trade per day is a max limit... many days I don't even trade, now. But, before that, yes, I had a huge overuse/volume issue. Too excitable.

[ChartBuddy]

Explanation

[Sandia]

The only bullish sign that I can find is that shorts seem over-confident.
The normal number of shorts is around 5000 btc.  We are at nearly double that level, with a 711 coin increase in the last 24 hours.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[cbeast]

[ubercool]

Last 4-5 hours, this thread really quiet, it's really abnormal.
Market not moving and people stopped talking here.

[Wekkel]

Very good. A logical conclusion for deflating a bubble. Meanwhile, Bitcoin development is steadily progressing.

[spooderman]

It's gonna go crazy again at some point. Let's just enjoy our lives for the time being.

Personally when it rallies I find it hard not to lose my mind.

It's difficult to handle, suddenly being 2x richer within a the space of 2 or 3 days. And the pressure to sell. The rest of my life takes a backseat and it's not too healthy! The rally to $266 almost killed me, and when it popped I hit the bottom with btc damn hard.

A stable price means I can get on with my life.

[ChartBuddy]

Explanation

[ErisDiscordia]

these are the skills needed to be a successful professional poker player (in descending order of importance):

1. bankroll/money management (believe it or not, this one is the most important of all)
2. patience and discipline
3. emotional detachment from results - i.e. caring about whether you made a good play, not about what the particular result this time was
4. knowledge of probabilities (i.e. flopping a set, a flush draw arriving etc.) and hand ranges and how to exploit your opponents mistakes through this knowledge.
5. knowledge of human psychology and perception of so called "table dynamics"
 
I maintain that most people have no problem with point 4 and 5, but what would prevent them from becoming a successful poker pro are points 1 - 3.

Probably the best way to make money at poker is to run a poker school or a poker website

Indeed. I've read somewhere (can't find the source) that for every 1$ winning players withdraw from online casinos, the casinos themselves earn 20$ (in online poker that is).

[ChartBuddy]

Explanation