Wall Observer - MtGoxUSD wall movement tracker

[lebing]

In my eyes thats a really big spread. Even with 0.5% fee that trade would be successful. Do I miss something? This happens quite often, yesterday the EUR was ahead (16€ was touched when USD was at 20$-20.27$). Any idea on how to use this gaps?

You need to have btc & fiat in both places, so that when the opportunity arises you can take advantage of it. I would be doing this except I just dont trust the other exchanges' security enough to make the benefit/risk worth it.

[robocoin]

This 5k dumps are a reliable thing 

[lebing]

This 5k dumps are a reliable thing 

Congratulations lol

[lebing]

Ltc coin is going to start eating into btc soon. The demand for btc is extremely limited most of the buyers are speculators, people will abandon bitcoin for something more friendly, accessible, less anonymous and more transparent. I love bitcoin I think it is the biggest idea of our lives but nothing doubles in 90 days. I say the more competitor coins the better. 22 is a bull shit price to high to fast.
    

[Spaceman_Spiff]

In my eyes thats a really big spread. Even with 0.5% fee that trade would be successful. Do I miss something? This happens quite often, yesterday the EUR was ahead (16€ was touched when USD was at 20$-20.27$). Any idea on how to use this gaps?

You need to have btc & fiat in both places, so that when the opportunity arises you can take advantage of it. I would be doing this except I just dont trust the other exchanges' security enough to make the benefit/risk worth it.

Yeah, I trade in euros (although I actually follow the market in USD).  Can be frustrating when you buy and the EUR BTC price is quite a lot higher than in USD.  Liquidity and spread is worse too...
I don't understand why gox doesn't do this arbitraging themselves. I mean, they don't even need to pay the trading fees (although they would still have to pay FX conversion fees of course).

[lucif]

boo 

[robocoin]

In my eyes thats a really big spread. Even with 0.5% fee that trade would be successful. Do I miss something? This happens quite often, yesterday the EUR was ahead (16€ was touched when USD was at 20$-20.27$). Any idea on how to use this gaps?

You need to have btc & fiat in both places, so that when the opportunity arises you can take advantage of it. I would be doing this except I just dont trust the other exchanges' security enough to make the benefit/risk worth it.

Yeah, I trade in euros (although I actually follow the market in USD).  Can be frustrating when you buy and the EUR BTC price is quite a lot higher than in USD.  Liquidity and spread is worse too...
I don't understand why gox doesn't do this arbitraging themselves. I mean, they don't even need to pay the trading fees...

I have USD and EUR wallets in my Mt.Gox account. Everybody can have this. I think you can simply sell to this currency. But I can't see it on the web interface maybe through the api. But an email to support would do it, too. Or on IRC #mtgox.

I don't understand why gox doesn't do this arbitraging themselves, too. Actually its cool and Bitcoin is still so small that the big players have no time for this, lol. 

[cypherdoc]

This 5k dumps are a reliable thing 

as is the bounce 

[mccorvic]

Ltc coin is going to start eating into btc soon. The demand for btc is extremely limited most of the buyers are speculators, people will abandon bitcoin for something more friendly, accessible, less anonymous and more transparent. I love bitcoin I think it is the biggest idea of our lives but nothing doubles in 90 days. I say the more competitor coins the better. 22 is a bull shit price to high to fast.
    

The only way to extract value from an altcoin atm is to exchange it for btc. I'd rather save myself the time and just deal in BTC

Heh, someone asked me to do a job for them for LTC and I said I'd charge them 4x the price in LTC than BTC. He said that I could just exchange the LTC for BTC and it wasn't fair I was charging him more! I replied that he was just going to make me do extra work converting and he should just do it himself.

[solex]

Yep, exactly. It would take a black swan to stop the train now. I dont doubt we will see a correction at some point, but Im thinking it will come closer towards 30-50 and even then will be unlikely to penetrate below 20-25 when it does happen.

+1

That is exactly my thinking too. Compared to the % increase seen in 2011, if this is a 2nd spike, then we are just in the foothills of it.

[sublime5447]

Ltc coin is going to start eating into btc soon. The demand for btc is extremely limited most of the buyers are speculators, people will abandon bitcoin for something more friendly, accessible, less anonymous and more transparent. I love bitcoin I think it is the biggest idea of our lives but nothing doubles in 90 days. I say the more competitor coins the better. 22 is a bull shit price to high to fast.
    

The only way to extract value from an altcoin atm is to exchange it for btc. I'd rather save myself the time and just deal in BTC

You cant have that limited of a view point, that is the only way right now. I will buy litecoins for fiat soon lots of places will.

[smoothie]

Ltc coin is going to start eating into btc soon. The demand for btc is extremely limited most of the buyers are speculators, people will abandon bitcoin for something more friendly, accessible, less anonymous and more transparent. I love bitcoin I think it is the biggest idea of our lives but nothing doubles in 90 days. I say the more competitor coins the better. 22 is a bull shit price to high to fast.
    

The only way to extract value from an altcoin atm is to exchange it for btc. I'd rather save myself the time and just deal in BTC

@ ianbakewell

You are sadly mistaken buddy:

https://btc-e.com/exchange/ltc_usd
https://btc-e.com/exchange/ltc_rur

As well as merchants that are coming online in the forum to accept LTC as payment for services/goods: http://forum.litecoin.net//index.php

Edit: i'm not saying I support the idea that litecoin will over take bitcoin. That is for us all to see. Maybe, maybe not. Who knows?

[byronbb]

lol the .01 bot has an enemy 20 times bigger!

[cypherdoc]

lol the .01 bot has an enemy 20 times bigger!

Introducing:  The Anti-Penny Bot! 

[adamstgBit]

is it too late to buy in?

[deeplink]

lol the .01 bot has an enemy 20 times bigger!

Introducing:  The Anti-Penny Bot! 

lol so for every 0.01 BTC the penny bot sells, the anti-penny bot will buy 0.20 BTC. Now I'm sure we are going to the moon!  

[zoinky]

lol the .01 bot has an enemy 20 times bigger!

Introducing:  The Anti-Penny Bot! 

Finally coded it?

[cypherdoc]

[robocoin]

is it too late to buy in?

No. Look what lucif said  :

Bulls need good push to break this up. Looks like consolidating around.

Either 32 from here or 15.

>= 32

[byronbb]

is it too late to buy in?

Maybe the weekend dip will let us get in cheap at $25?