Wall Observer

[Inca]

If we start to see the alts rising with bitcoin then we could be in for some good times ahead.

Let's see how this develops and where this mini run tops out. If shorts get squeezed, then the sky is the limit.

Glad I picked up some ltc previously. My monero is doing nothing

 

[solex]

I think we have proof that Ripple is a walking-dead dodo bird.

For over a week Huobi etc are offering a massive arb with respect to the dollar and euro exchanges.

Two years ago Stephen Gornick wrote this:

It sure is nice to be able to move funds from one exchange to another using Ripple. This lets me perform arbitrage.

For instance, let's say the XBT/CNY market is overpriced. Ripple might have a path where I can move CNYs at one exchange (e.g., RippleCN) into USDs at another exchange (e.g., Bitstamp) without much of a cost.

This benefits Bitcoin as it helps to keeps markets efficient. As a result of my transaction, Ripple gave me incentive to bring my bitcoins to the XBT/CNY market where supply was tight, and because of Ripple I could absorb some of the supply at Bitstamp by buying "cheap" bitcoins from their XBT/USD market.

I fail to understand why such a useful tool gets so much hate around here.
https://bitcointalk.org/index.php?topic=323618.msg3468572#msg3468572

So much for that theory.
You would think that in 2 years Ripple would have improved even further, and enabled arbitrageurs to profit from the difference we are seeing now. Instead we are seeing the evidence of a failed experiment.

 

[Norway]

Can't sleep
[doublepost=1446170936,1446170231][/doublepost]$20 between Bitfinex and Huobi! Crazy!!!!

 

[solex]

$24 between Huobi and Bitstamp! Not seen anything like that since Gox imploded.

When the Chinese go on a bull-run they don't do it in half measures.

 

[Norway]

$34 between BTC-e and Huobi, lol!

 

[yrral86]

Chinese moving money to Russia?

 

[Norway]

[doublepost=1446174431][/doublepost]@yrral86 Good theory

 

[solex]

btc-e $34 behind Huobi, despite having a depth sum ratio of $530

 

[solex]

$360 on Huobi, $46 more than btc-e.

 

[humanitee]

When those 20k+ in shorts close on Bitfinex, it's really going to be something.

 

[Georg Engelmann]

Can't sleep

I couldn't sleep either. I tried getting back to sleep, but it didn't work.

I guess I am going to stare at charts again.

 

[sickpig]

so clearly there's no feasible way to arbitrage between china an the western exchanges...

 

[Erdogan]

You need to set aside some value in the form of fiat to do the arbitrage. So there is a limit on capacity.

 

[Erdogan]

Or... may be we do not have a real (market based) exchange rate for the yuan/dollar pair. It is now 6.31, it was 6.35 yesterday. The People's bank of China has been busy fixing the rate.

Maybe it is time to use the actual usd/btc and cny/btc rates to calculate the real cny/usd rate.
[doublepost=1446195487][/doublepost]... meaning the real cny/usd rate is more like 6.86
[doublepost=1446195635][/doublepost]... merging posts, generally fucking with the post structure... is a severe bit shortage emerging on the horizon?

 

[Georg Engelmann]

so clearly there's no feasible way to arbitrage between china an the western exchanges...

Can you even use Chinese exchanges other than OKCoin's international exchange if you don't have a bank account in China? I didn't even try signing up at BTCC or Huobi.

 

[sickpig]

@chmod755 I don't even try. mine was just an observation. if a smooth way to arbitrage had been there, 30 (with a pick of 45) $ gap would haven't been in existence.

 

[Georg Engelmann]

We've all been waiting for another rally since 2013, but maybe we should try to delay this until BIP101 can be activated.

If the price rises fast some people are probably going to join or giving Bitcoin another chance -> Mempool fills up, backlogging starts -> Now what? BIP101 doesn't activate before January -> Slow transactions / Bad user experience -> People are leaving -> Price falls

Of course an emergency patch could allow early activation of BIP101, but that could get messy.

 

[Inca]

I just want bitcoin to hold 300 for the next few months pre-halving. Then things will be setup for an excellent run.

 

[Norway]

Nice piece
from Erik Voorhees

http://moneyandstate.com/its-all-about-the-blockchain/

 

[AdrianX]

so clearly there's no feasible way to arbitrage between china an the western exchanges...

there is, last time this happened I was paying Chinese suppliers buying bitcoin here selling there. it was amazing but sort lived, defiantly not the only way.

arbitrage is largely about risk management, moving the assets back and forth, I don't think its a feasibility problem.