mh, the day after the FED hike stocks are down, gold is up, and BTC is upper.
Looks like sound money.
IMO it's still flat, not upper. The FED hike did nothing to bitcoin, but smashed stocks down. The honey badger doesn't care what the FED does. If bitcoin goes above 470 and keeps going up then it's upper. For the last half a week it's been sideways within $15 of range.
BTC-e now $425 and Bitstamp is at $423... I smell a rat or a dump coming...
Bitstamps's gone down to 417.9. Your dump smelling powers are awesome. I had a suspicion a dump was coming, but my intuition is wrong so often that I can't make trades using it.
Big gap opening up on dodgy dealings that is BTC-e.
What irony [insert gif here]
Maybe BTC-e is becoming our new price leader?
Although they have been up for several weeks - even when BTC prices were going down.
I doubt BTC-e's higher prices and widening gap should imply any kind of "dodgy dealings" necessarily.
Their actual anonymity and difficulties in transferring cash in and out of there has always caused them to perform a bit different from some of the other exchanges that are more KYC and AML compliant. No?
Is there any other evidence of "dodgy dealings," besides a ongoing and increasing price gap?
BTC-e has always been one of the lower volume exchanges and it never needed much money to create a wide gap with the high volume exchanges. Today its had $ 2,207,640 of bitcoins traded which puts it slightly below Bitstamp in volume. That's not evidence of "dodgy dealings" but it's highly unusual for BTC-e to have that much volume. The order books still look fairly thin, so if someone with money wants to buy a big number of bitcoins there it will make an ongoing and increasing price gap.
Oh, and when I found it at .50 (cents), I couldn't find a place to buy some.
eheheh
Memory lane...
What were your options around then? I thought there was always the OTC channel and the new liberty standard place. Maybe it was gone by then. I dunno.
I should preface that by saying I hadn't yet read the white paper. I was going off intuition to be honest. I was not into Crytpo before that (just trading and computer work).
So, I did a few searches and it just seemed like a lot of work, wasn't sure about wiring money to GOX.
And then the price was at $1 and I thought "How can a digital money be equal to a dollar?" LOL
So, my ignorance "cost" me but that white paper made a light go off in my head.
Before that moment I was a relatively early internet employee during the bubble. At that time I saw the internet as a big old Black Swann.
When I came across that white paper, I saw it as a Black Swann on steroids.
Its about sharing
If I recall correctly there was a massive dump back down to .50 (cents) after it rallied to $2, so you might have panicked and dumped for less than you paid for if you had bought at one dollar. Nobody could have dreamed these prices were possible back then.