Yuhfhrh
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 05:36:49 AM |
|
Go Europe! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Does something not make sense here? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Falfixturedesign.com%2F420%2Fgox2.jpg&t=665&c=AJsIGkI-8LyxJg) You are seeing the euro to USD conversion. The high for the day is always U.S. only, where the last price is for everyone. Edit: I'll also mention that every time I've seen this happen these past 6 months, USD has followed along. Bullish.
|
|
|
|
420
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 05:49:09 AM |
|
this time I don't think it's bullish or a premonition
|
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
|
|
|
Yuhfhrh
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 05:49:43 AM |
|
I don't think it's necessarily bullish or a premonition
Not necessarily, but has been in the past.
|
|
|
|
Yuhfhrh
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 08:04:49 AM |
|
BAM! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fdl.dropbox.com%2Fu%2F34538839%2Fwertgerwth.jpg&t=665&c=8Em68lb9o5nZyA) Edit: Aaaand its gone?
|
|
|
|
molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 08:23:45 AM |
|
if you accept that bitcoin is "pure money" then you have to accept that euro is also "pure money"
It might be pure, but it's debatable wether the Euro is money at all ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
|
|
|
420
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 08:52:58 AM |
|
if you accept that bitcoin is "pure money" then you have to accept that euro is also "pure money"
It might be pure, but it's debatable wether the Euro is money at all ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Bitcoin is the only money
|
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
|
|
|
robocoin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 09:54:30 AM |
|
Guys, you finally found me on MTG/EUR. EUR/USD has it's own rally for quote some time now: ) Anyways, there was some nice argumentation going on on the last 6 pages. Great threat, no need to post a lol cat now. The smaler numbers when trading EUR or GBP also mean smaler fees / bigger spread/ less risk. Now we only need to break this wall at 9.73€ to make it rain. But in general MTG/EUR is less volatile.
|
|
|
|
myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 12:26:28 PM |
|
if you accept that bitcoin is "pure money" then you have to accept that euro is also "pure money"
It might be pure, but it's debatable wether the Euro is money at all ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) well it is, the euro have done something that only gold standard can do force politicians to take unpopular measures, without euro Spanish, Italian and Greece politicians would devalue their currency allot, the euro and Germans dont allow them to do that and the result is quite "funny" and similar to what a gold standard can do
|
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
|
|
|
adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 06:24:35 PM Last edit: November 30, 2012, 08:19:46 PM by adamstgBit |
|
We are entering a stable period, despite the increased demand, due to profit taking. I believe the profit taking is minimal, and will not deplete the increased demand. So I predict the stable period will be short lived (no more then 2 weeks) and we will head higher once its done. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Just in case anyone missed my lasted prediction I call it: Buying out the Bears at a fair price ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
Spekulatius
Legendary
Offline
Activity: 1022
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 11:26:21 PM |
|
Guys, you finally found me on MTG/EUR. EUR/USD has it's own rally for quote some time now: ) Anyways, there was some nice argumentation going on on the last 6 pages. Great threat, no need to post a lol cat now. The smaler numbers when trading EUR or GBP also mean smaler fees / bigger spread/ less risk. Now we only need to break this wall at 9.73€ to make it rain. But in general MTG/EUR is less volatile.
Hang on, isnt there the same spread, fees and liquidity with all currencies on MtGox, because they are all pooled together?
|
|
|
|
420
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 11:31:02 PM |
|
Guys, you finally found me on MTG/EUR. EUR/USD has it's own rally for quote some time now: ) Anyways, there was some nice argumentation going on on the last 6 pages. Great threat, no need to post a lol cat now. The smaler numbers when trading EUR or GBP also mean smaler fees / bigger spread/ less risk. Now we only need to break this wall at 9.73€ to make it rain. But in general MTG/EUR is less volatile.
Hang on, isnt there the same spread, fees and liquidity with all currencies on MtGox, because they are all pooled together? then the jumps are people accidentally paying too much for bitcoin, miscalculated their conversion ratio?
|
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
|
|
|
adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 11:40:10 PM |
|
Guys, you finally found me on MTG/EUR. EUR/USD has it's own rally for quote some time now: ) Anyways, there was some nice argumentation going on on the last 6 pages. Great threat, no need to post a lol cat now. The smaler numbers when trading EUR or GBP also mean smaler fees / bigger spread/ less risk. Now we only need to break this wall at 9.73€ to make it rain. But in general MTG/EUR is less volatile.
Hang on, isnt there the same spread, fees and liquidity with all currencies on MtGox, because they are all pooled together? then the jumps are people accidentally paying too much for bitcoin, miscalculated their conversion ratio? Where do these walls come from on the EUR market? Wild guess: Its MtGox placing the walls themselves to add lucidity to their EUR market When a wall is taken down on the EUR market, MtGox buys the coins off the USD market They place the walls on EUR market high enough for them to be able to do this without losing money This is all done automatically. could it be?
|
|
|
|
Yuhfhrh
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 11:46:08 PM |
|
Guys, you finally found me on MTG/EUR. EUR/USD has it's own rally for quote some time now: ) Anyways, there was some nice argumentation going on on the last 6 pages. Great threat, no need to post a lol cat now. The smaler numbers when trading EUR or GBP also mean smaler fees / bigger spread/ less risk. Now we only need to break this wall at 9.73€ to make it rain. But in general MTG/EUR is less volatile.
Hang on, isnt there the same spread, fees and liquidity with all currencies on MtGox, because they are all pooled together? then the jumps are people accidentally paying too much for bitcoin, miscalculated their conversion ratio? Where do these walls come from on the EUR market? Wild guess: Its MtGox placing the walls themselves to add lucidity to their EUR market When a wall is taken down on the EUR market, MtGox buys the coins off the USD market They place the walls on EUR market high enough for them to be able to do this without losing money This is all done automatically. could it be? This is what happens, its been confirmed before. Its all automatic.
|
|
|
|
420
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2012, 11:53:38 PM |
|
so walls are unreliable
|
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
|
|
|
Rotsor
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 309
Merit: 102
Presale is live!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 01, 2012, 12:00:28 AM |
|
so walls are unreliable
No, walls are not unreliable. Walls in less popular currencies are just much further apart, as can be seen on mtgoxlive because Mt.Gox charges a hefty percentage for currency conversion.
|
|
|
|
420
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 01, 2012, 12:02:56 AM |
|
so walls are unreliable
No, walls are not unreliable. Euro walls are just much further apart, as can be seen on mtgoxlive because Mt.Gox charges a hefty percentage for currency conversion. okay they deal mainly USD everything else has to convert to USD before trade?
|
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
|
|
|
Yuhfhrh
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 01, 2012, 12:09:41 AM |
|
so walls are unreliable
No, walls are not unreliable. Euro walls are just much further apart, as can be seen on mtgoxlive because Mt.Gox charges a hefty percentage for currency conversion. okay they deal mainly USD everything else has to convert to USD before trade? Not everything, you can have a sell order of 1BTC for 10EUR, and someone could buy that 1BTC for 10EUR without ever converting to USD. Its just when there isn't enough market depth in the other currency, they start buying/selling into USD orders.
|
|
|
|
420
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 01, 2012, 12:13:04 AM |
|
Who does, the buyers?
|
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
|
|
|
adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 01, 2012, 12:14:10 AM |
|
so walls are unreliable
No, walls are not unreliable. Euro walls are just much further apart, as can be seen on mtgoxlive because Mt.Gox charges a hefty percentage for currency conversion. okay they deal mainly USD everything else has to convert to USD before trade? Not everything, you can have a sell order of 1BTC for 10EUR, and someone could buy that 1BTC for 10EUR without ever converting to USD. Its just when there isn't enough market depth in the other currency, they start buying/selling into USD orders. you bet me to it, was going to say: they allow you to trade your EURs for Bitcoin directly, its just that the big walls on EUR MtGox are owned by MtGox, when you buy or sell into their walls, they turns around and buys or sells on the USD market.
|
|
|
|
adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 01, 2012, 12:17:48 AM |
|
Who does, the buyers?
mtgox
|
|
|
|
|