All posts made by vps15 in Bitcointalk.org's Wall Observer thread
1.
Post 2751676 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.11h):
the price of bitcoin is crashing, SELL SELL SELL!
It looks more like the BTC trader world have all fallen asleep, almost nothing is being traded at all right now.
Well you guessed it I'm bored to hell with the posts here. All I see is the same stereotypes parroting their shit.
i just want bitcoin to do something. ive started the stupid bitcoin gambling sites cause im so bored of it not doing anything
2.
Post 2840159 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.12h):
price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100
3.
Post 2840226 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.12h):
price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100
bubble keeps deflating, nothing to see here
WRONG!!!!! we're already back up baby (well at least from the point where i just bought in)
4.
Post 2840968 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.12h):
price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100
bubble keeps deflating, nothing to see here
WRONG!!!!! we're already back up baby (well at least from the point where i just bought in)
Blastoff!
well i wasnt calling a major bubble, i just think its going to go back up to 110 or even higher this time
5.
Post 2857073 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.12h):
Clearly a bearish market.
Has anyone seen the orderbook on Bitstamp!?
There are two massive fake buy walls on MtGox artificially inflating the price.
i just see fake sell walls
how do you know if a wall is fake or not?
6.
Post 2961202 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.13h):
what the fuck just happened
7.
Post 2961656 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.13h):
what the fuck just happened
You are new to Bitcoin i assume?
not particularly new, i understood what happened, it was more rhetorical
8.
Post 3046346 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.14h):
why does the majority think that the short term price of btc is going to go down? the the price was around $110 it seems to me like people are thinking that the price will be going down, however it keeps rising due the the whale buys. why would this stop? why would lots of people sell?
9.
Post 3132312 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.15h):
Are there actually any whales on this forum, that contribute and read what is written? If not then everyone here is just guessing what is going to happen next with very little actual knowledge more than what they perceive to be the most rational approach
10.
Post 3132723 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.15h):
fuuuuuuuk will we hit 150 today?
11.
Post 3134358 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.15h):
i feel like we are going over 150 this time or soon, but i'm way more anxious about buying in at 140 than when we were at back in the 90s and contemplating whether we would hit 100 in July. I'd rather we just go back down to 110 before i buy again, but hopefully that will happen before too long and i loose my nerve and buy in above 140.
12.
Post 3134870 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.15h):
i feel like we are going over 150 this time or soon, but i'm way more anxious about buying in at 140 than when we were at back in the 90s and contemplating whether we would hit 100 in July. I'd rather we just go back down to 110 before i buy again, but hopefully that will happen before too long and i loose my nerve and buy in above 140.
You had your chance to buy cheap coins when the price was artificially below 130 during the recent beartrap.
Hm, what do you mean artificially? To me that implies manipulation. The only potential manipulation would be a cash whale wanting a lower price.. which isnt... really manipulation.
After systematically pushing the price up for almost two months with well-placed periodic large buys accompanied by immediate bidwalls to prevent slippage, then after letting market inertia carry for a couple of days without intervention, using a couple of 5k-6k dumps to panic the price down by over $20, they spent a similar amount to return it to where it started, buying and hoarding an unknown amount of coins when the price was down below 130.
Not manipulation? This whole market is a manipulation circlejerk.
This is why outdated 19th-century/early-20th-century technical analysis is futile in the world of Bitcoin. It's time to think outside the box or get stuck in the tarpits like dinosaurs.
I earned bitcoins daytrading back in March/April by anticipating dDOS attacks on MtGox. The smart money now is on anticipating whale manipulation.
Of course the smart people don't publicize their predictions, or at least not precisely.
What a dick
13.
Post 3191624 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.16h):
so who thinks we are heading for a correction or another bear trap now?
14.
Post 3270475 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.16h):
this is just a quick short drop before we go up to 150, then 165 after
15.
Post 3272464 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.16h):
Today's volume = lame.
Out of pure curiosity, your USD are sitting in Gox?
I haz USD everywhere. I'm rich, biotch
But you seem particularly inclined in a single digit crash on Gox.. If a massive crash were to happen it would most likely caused by Gox going out of business, like $20 millions vanished out of the btc economy.
dude this guy says crazy shit all the time. recently he said we'd be up at 180 by friday (obviously that friday has passed)
16.
Post 3273535 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.16h):
Why is camp BX so low, its uber ez to fill with USD...
exactly. and when gox finally resumes speedy withdrawals, you can expect a turbo crash. Only reason ppl buy btc these days is to get fiat off gox. THE ONLY REASON.
The sharp rise in the BTC/
JPY volume on MTGox over the last 4 months would indicate otherwise. Fiat is leaving MTGox both as JPY and EUR.
http://bitcoincharts.com/charts/mtgoxJPY#rg120ztgSzm1g10zm2g25zvThen can Americans get a withdrawal in EUR and then convert it to USD?
not unless you got a european bank account. pretty sure its only possible to open one in person
17.
Post 3384028 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
we dont even need an investment of $1m before we hit 200
18.
Post 3384321 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
someone needs to buy these bitcoins while they're still cheap. once we hit 200 we're just gonna flyyyyy
19.
Post 3385080 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
someone needs to buy these bitcoins while they're still cheap. once we hit 200 we're just gonna flyyyyy
Possibly, but thats only if people buy into the shitty depth continually. Otherwise a random resistance point will form and asks will fill in. Same thing with $150. Was nothing after it, then it filled in at $180.
yo if anyones got fiat now is like the last chance to convert. 199 is gonna be cheap when the 200 wall gets eaten and we take off
20.
Post 3385091 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
someone needs to buy these bitcoins while they're still cheap. once we hit 200 we're just gonna flyyyyy
Possibly, but thats only if people buy into the shitty depth continually. Otherwise a random resistance point will form and asks will fill in. Same thing with $150. Was nothing after it, then it filled in at $180.
yo if anyones got fiat now is like the last chance to convert. 199 is gonna be cheap when the 200 wall gets eaten and we take off
ha 199s gone as i wrote!
21.
Post 3385161 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
Twooooooo Hunnnnnnnnnn..............
holy fuuuuk. this is it.
22.
Post 3385289 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
BROKEN!!!
23.
Post 3385303 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
someone needs to buy these bitcoins while they're still cheap. once we hit 200 we're just gonna flyyyyy
Possibly, but thats only if people buy into the shitty depth continually. Otherwise a random resistance point will form and asks will fill in. Same thing with $150. Was nothing after it, then it filled in at $180.
yo if anyones got fiat now is like the last chance to convert. 199 is gonna be cheap when the 200 wall gets eaten and we take off
here we go weeeeeeeeeeeeeeeeeeeeee
24.
Post 3385338 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
two hundred fucking threee!
if we get past 206 we'll go to 210 fairly easily
25.
Post 3385413 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
what fucking assholes would wait till we are finally above 200, just to sell off then and bring us back down
26.
Post 3385420 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
no seriously what the fuck now
27.
Post 3385447 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
what fucking assholes would wait till we are finally above 200, just to sell off then and bring us back down
Don't worry mate, it's their loss.
Bear trap!
Give them a last little bit of hope before it exceeds 200 forever
oh bloody bitcoin!
28.
Post 3392056 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
two hundred fucking threee!
if we get past 206 we'll go to 210 fairly easily
ahhhhh well wat did i say?
29.
Post 3397660 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
Anyone notice the rally stopped in China? I realize it's early for them, but today they barely rose a few bucks.
BTCChina is up 5.5% on the day. Almost 2.5% in the last 2.5 hours.
We are now more expensive than the highest point in the chinese market, which was 1340cny = 222
Chinese market is currently at 1270cny = 209
30.
Post 3398847 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
has anyone seen that there are a large number of 25btc asks between 236 and 237? whats with that?
31.
Post 3399759 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
oh fuck whats happening now
32.
Post 3399765 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
who is this ass hat
33.
Post 3399786 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
ok time for someone to buy cheap coins
34.
Post 3399839 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
holy fucking shit was that just all one person?
35.
Post 3399874 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
holy fucking shit was that just all one person?
no way....
i mean i guess it must have been, not like other whales would have reacted that quickly and immediately decided to sell everything too...
36.
Post 3399940 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
First of all, that wasn't 1 person and if it was they are idiots.
You dont dump 10-15k BTC at market all at once. You could spend a couple of hours at least doing smaller trades and save yourself $10,000s.
So unless someone wants to burn money they dont dump like that at market. Of course, I think there are probably some pretty stupid BTC owners.
one person could be trying to ignite fear and cause more sell offs, only to buy back when the price is even lower...
37.
Post 3400128 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
ok can we please have 230 again please?
38.
Post 3404492 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
200 is holding, *willing to bet*
Lets back away from 200, making no sudden movements.
nobody do anything stupid
39.
Post 3405061 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.18h):
shit, time to go sub 200 again
40.
Post 3417697 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.19h):
if we don't see some buying soon, we will crash; target 168
right now another 10000 coins would have to be dumped (the same amount that was dumped when we were at 230) before we even hit 175. Do you really think another monster dump could come now? obviously its possible, but i feel its not that likely...
41.
Post 3418387 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.19h):
I see lots of BTC entering the books on all markets, continuous selling, and failed recoveries. Perhaps it's all just a panic reaction from market participants but it would make sense if someone decided to capitulate starting near the ATH too.
i feel like the massive 10k dump has shaken the market and its not going to really go up again until we have more confidence. The dump proved that not only can the whales completely manipulate the market with the click of a button, but they are also more than willing to do so
42.
Post 3495347 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.20h):
is anyone nervous about the low bid depth? a sell off of 600 coins would take us back to 254...
the other side of this is why would anybody sell off if they would get a lower price, should just wait for more bid depth.
43.
Post 3499712 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.20h):
so does anyone have any idea what was just going on? huge ask walls at 162-3 and now nothing till 168. What was this guy trying to do?
44.
Post 3504778 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.20h):
this 266.9 whale gotta be a bit of a joker selling just above april's ath
probably got burnt then and made a vow to not sell until price is at least as high. now he's just making sure he doesn't get burnt again, but I would say he's being too careful considering other exchanges are now even higher
oh shit just as i was writing this i had a thought: he could be one of the Cypriots that caused the price to skyrocket in april, maybe he bought in at like 260 and now he just wants his money back
45.
Post 3504805 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.20h):
Can someone say how high the wall was to begin with exactly (from this one seller)? Didn't catch it.
10k
i thought that it was originally 10k, but then it got changed to 6k before any actually got bought. is that right?
46.
Post 3504820 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.20h):
aaaaaaaaaaand its gone
!
oh shit here we goooooooooo
47.
Post 3506646 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.21h):
so basically its now a race to pick up the last few coins before we hit 300 and all hell breaks loose
48.
Post 3506652 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.21h):
What are those red numbers....
shhhhh, those arent really real...
49.
Post 3507300 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.21h):
any chance of a second flashcrash as we've seen before?
50.
Post 3527786 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.21h):
so from the last 2 pages it looks like posters are calling some sort of downturn or something. Has anyone actually even seen the walls? its not even 500 coins to 279 which can be bought up in a second. someone dropped 3.5k an hour ago, big fucking deal. we have already seen bigger 10k dumps recently and that hasnt stopped this price rise so far. just have some self control, hold your coins and wait till we hit 410. very little ask depth after that right now -> TO DA MOOOOOOOON!!!
51.
Post 3535662 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.22h):
oh what the fuck now
52.
Post 3535695 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.22h):
ok im tired of this. gonna turn off bitcoin till someone buys a few and we go back to 350
53.
Post 3556247 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.22h):
what about that 2000 coin ask at 385 that has now disappeared? it didn't look like it would get bought up tonight at the slowish rate (in comparison to the last week) we are moving at. but why was it there? what was the seller trying to do, if anything? why did he take it down now? sum ask still around the same level though
54.
Post 3556630 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.22h):
I just had a bit of a "holy shit" moment.
Bitcoin will break China's control over CNY outflows.
It is very hard to get CNY out of China - the cap is 50k CNY per Chinese citizen per year. This is a big reason why there is a huge arb between USD and CNY Bitcoin exchanges: Westerners can't just wire yuan out of the country. However, as this bubble settles down and the arbitrage market does its thing, more and more individuals in China will cash in on their 50k CNY limit, since it is an easy profit opportunity. They will wire their money to Western exchanges, buy bitcoins there, and sell them domestically. The Chinese markets will drift closer in price to the Western markets.
This means you will be able to move money in and out of China freely, by buying bitcoins on one end and selling them on the other. Chinese citizens will act in rational self-interest to effectively "sell" their 50k CNY export limits.
If wealthy Chinese people would like to buy lots of expensive things directly from the West... now they can, by purchasing the import limits of others by proxy.
Of course, China will not like this.
this is one of the fundamental values of bitcoin
55.
Post 3568621 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.23h):
these large asks at 401, 402, 403... are preventing us from shooting up over 400 and then back down below like we did when we first hit 200 and 300 this bubble
shame...
56.
Post 3573734 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.23h):
so everyones seen the ask depth once we hit 500 right? will more asks come in as we get closer? if not we are just going to flyyy
57.
Post 3573743 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.23h):
Should I buy now or wait until the weekend for a fix or crash??
buy now and sell before the weekend crash
58.
Post 3575438 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.23h):
#bulltalk oh this is terrible and will only make the inevitable crash to $15 worse
$15? LMAO
I fcking hope so. I'll max my credit cards out.
$15 dollars if we're lucky.
I get criticized for saying exactly what'll happen yet these clowns who predict every single fucking day that we'll be down to nothing criticize me.
me on sunday:
I never thought we'd hit 400 this week but we might next week. If we cajn exit next week at 350 then that'll be fantastic
November 13, 2013, 02:02:30 AM
It's going to be all jitters for the rest of the week. 350 is what stamp is psychologically comfortable with. It'll follow gox on thurs/friday to new highs then the uncertainty will return at the week end. Highs:- Bitstamp: 41x gox:45x
before 'crashing to 350.
No but just spamming the forum talking about crashes makes you an expert despite being right once. A stopped clock is right TWICE a day. Bears aren't close to that record.
ok, so, as far as i can see you have been correct a grand total of 0 times! well done! whats your secret? why dont you give another fucking prediction you dumb cunt
59.
Post 3608416 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.23h):
not even 5000 coins till 500, can we please start tonights panic buying to get these last coins "cheap"
ps lol at anyone who still believes in the weekend downtime/ crash
60.
Post 3621326 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.24h):
any numbskull can see this is your opportunity to buy if you already lost your nerve and sold during this appreciation
need more convincing? the bitcoin homeland security hearing is today, probably gonna raise the price due to increased security and increased media coverage at the very least
61.
Post 3621451 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.24h):
I said yestesday that china will go to 4000 in next week, but it's not even next week yet! damn.
EDIT. it's monday so it's next week. I was on sunday...
oooh looks like it just missed topping at 3998, probably should surpas after the recovery though
62.
Post 3629630 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.25h):
omg seriously this hearing is super bullish. 1000 here we come
63.
Post 3629656 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.25h):
I bet the Winklevoss Twins are waiting outside..... They're gonna party tonite with the Chairman Committee?
nah they'll just buy more and send the price even higher
64.
Post 3718805 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.29h):
finally 900 here we come
65.
Post 3747730 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.30h):
omg who gives a fuck about litecoin. this is a bitcoin forum, we need Adam up in here to stop these posts.
66.
Post 3747796 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.30h):
does anyone know where i can find a graph of btc bid orders/ ask orders. $35m vs BTC19,000 looks pretty bullish to me, but i want to see it on a chart
67.
Post 3748496 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.30h):
does anyone know where i can find a graph of btc bid orders/ ask orders. $35m vs BTC19,000 looks pretty bullish to me, but i want to see it on a chart
http://blockchained.com/sweet thats exactly what im looking for thanks
68.
Post 3753534 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.30h):
ha fucking brilliant
and 1200 is downnnnnnn
69.
Post 3762030 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.30h):
holy fucking shit we are going to hit $10000 way sooner than expected. the world is turning to btc faster than anyone could have thought, fiat really may become redundant in the not so distant future
70.
Post 3762222 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.30h):
holy fucking shit we are going to hit $10000 way sooner than expected. the world is turning to btc faster than anyone could have thought, fiat really may become redundant in the not so distant future
Dude, chill. You cannot reasonably expect to go from $1B to $100B market cap in a couple months, it isn't sustainable.
look im just saying, the only reason why people think btc can go to $10000 is because if enough people start using it so much that it becomes accepted everywhere, such that the only reason why it would be worth $10000 per
BTC is because fiat would become essentially redundant or worthless. With another huge Chinese company, especially a
state owned one, shows that this can happen sooner than people expect.
basically fuck the speculators, fuck the greedy assholes that think it can just be a get rich quick scheme and dont fully understand btc. The move to $10000 is irrelevant of them. what will get us to $10000 is real people converting their fiat because btc is better
(ps i know this has been said before but your comment suggests that you dont understand the way to $10000)
71.
Post 3762268 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.30h):
Now only Paypal will hold it back from 10K mark. And yes; I know it was a Kilogram of gold. How many months away you think we are from making this true?
$40000ish.
I believe that comes out to 16 months when using the cosmic calculator.
on top of this i just saw someone post about a major Chinese state owned telecommunications company that started accepting btc on a previous page, $10000 is coming
72.
Post 3762300 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.30h):
look im just saying, the only reason why people think btc can go to $10000 is because if enough people start using it so much that it becomes accepted everywhere, such that the only reason why it would be worth $10000 per
BTC is because fiat would become essentially redundant or worthless. With another huge Chinese company, especially a
state owned one, shows that this can happen sooner than people expect.
basically fuck the speculators, fuck the greedy assholes that think it can just be a get rich quick scheme and dont fully understand btc. The move to $10000 is irrelevant of them. what will get us to $10000 is real people converting their fiat because btc is better
(ps i know this has been said before but your comment suggests that you dont understand the way to $10000)
Utter shite.
If gold can be worth 7 trillion without anyone spending it, Bitcoin can be worth 500 billion without anyone spending it.
Repeat after me. Bitcoin is a new asset class.
mate if you are such a bear and have no hope for btc then why are you even here
73.
Post 3762376 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.30h):
on top of this i just saw someone post about a major Chinese state owned telecommunications company that started accepting btc on a previous page, $10000 is coming
So is winter. Aw, shit... I just looked out the window. Looks like 10K
74.
Post 3762425 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.30h):
look im just saying, the only reason why people think btc can go to $10000 is because if enough people start using it so much that it becomes accepted everywhere, such that the only reason why it would be worth $10000 per BTC is because fiat would become essentially redundant or worthless.
I don't think so.
If fiat would become redundant or worthless due to bitcoin success, we would be looking more into $10 000 per mBTC rather than $10 000 per BTC ($10 million per BTC)
But that would be measuring using today's USD purchasing power. If USD becomes worthless and redundant, nobody will give a mBTC even for $10 million... So in this extreme scenario you need to use another unit of value. 1 ounce of gold is quite good.
I don't see fiat becoming redundant tough. That's an extreme scenario.
right well the 10k is just an arbitrary round large number, it has been used a lot before so thats why i was quoting 10k
complete redundancy of fiat is a rather extreme scenario, but the ideas and reasons behind 10k are still relevant due to btc's finite amount 21m
im saying btc would make fiat more redundant than it is now
75.
Post 3762855 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.30h):
Am I the only one that is seeing that coins on much more sparse on Mtgox than on Stamp? If this is true, it would suggest that in the future it is going to be impossible for Stamp to keep up with Gox.
So much has been talked about regarding the fiat "stuck" in Gox and how people would theoretically have to buy bitcoin to get their currency out. However, the other thing is that who wants to sell their coins there if you can't get the money out? If most people with coins who need the money quickly would prefer to use Bitstamp for these obvious reasons, there is just going to be ALOT more bitcoins available on Bitstamp
We are seeing this in the last week. The spread has been over $200 for no particularly good reason.
Its a little crazy that with all these different exchanges, there are such different situations at each one that change the price dramatically and that most people are not (or can not) taking advantage of it (arbitrage).
I can't wait until there is parity in the exchange prices. Although I really question if that will happen anytime soon.
Why would anyone wire money to GOX in these circumstances ? At some point GOX will have to allow wires out otherwise they will lose their business. No ?
as far as i know it is possible to get money out, but it just takes a pretty long time
76.
Post 3780988 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.31h):
I wonder if the 0% trading fees at the largest exchanges (china & gox) is contributing to this misleading stability.
wouldn't it be more likely to cause instability greater swing trade gains
Can you explain by what mechanism that could possibly work? My experience and several academic papers would disagree with you.
For example:
http://m.rfs.oxfordjournals.org/content/25/11/3389.shortCompetition among trading platforms has considerably reduced trading fees in stock markets. We show that this evolution is not necessarily beneficial to investors. Although they increase gains from trade when a trade happens, lower trading costs can induce investors to post limit orders with a smaller execution probability. In this case, gains from trade are realized less frequently and investors can be worse off.
In other words, lower fees leads to a full book and thus more stability.
I thought because it was a break..from them not necessarily permanently 0% trading fees you'd see more variance.. pretty much what we saw when the bots weren't configured for it, Thursday.
Gox that is
I wasn't watching much on Thursday because I live in the US (Thanksgiving holliday). However, in the past temporary 0 fees on gox has generally led to more stability.
So if I understand correctly, you are saying that people will rush to trade since the fees will be going back up? There may be some truth to that, but the book will still be thicker, especially close to the price.
gox should have mentioned 0 fees earlier, the earliest i heard of this was today in an email from them (i guess like everybody else), one day after it's already started. if they had made it more public i expect there would have been massive fluctuations as people who want to get in would be that much more inclined to buy given that they would have gained an extra 0.6% btc, and the opposite goes for traders that want to get out (gaining 0.6% more fiat).
this is common sense, expect volatility
77.
Post 3781448 (copy this link) (by vps15) (scraped on 2020-04-04_Sat_11.31h):
gox should have mentioned 0 fees earlier, the earliest i heard of this was today in an email from them (i guess like everybody else), one day after it's already started. if they had made it more public i expect there would have been massive fluctuations as people who want to get in would be that much more inclined to buy given that they would have gained an extra 0.6% btc, and the opposite goes for traders that want to get out (gaining 0.6% more fiat).
this is common sense, expect volatility
Your "common sense" contradicts my experience. Also, the email in my inbox is dated 11-28.
well ya bitcoin is unpredictable, so just because something should happen doesnt mean it will,
but do you agree with what im saying? lower fees means more profitable transactions, gives people more incentive to trade
