Bitcoin Price Tracking & Discussion -- 2017

[JAKEPEAVY21]

I'm salty about bitfinex only giving us 85% in Bcash.

Just my luck that I put my bitcoin in the one place that doesn't give the full amount.

[trytrytry]

hope everyone kept the new coin for today cause waking up on some huge jump past 2 hours just now

its at an incredible free money of\
$1185 !!!! time to sell a bit

[RoyBacon]

I'm salty about bitfinex only giving us 85% in Bcash.

Just my luck that I put my bitcoin in the one place that doesn't give the full amount.

That was a whoreshat move. In the same boat, they shorted me 30 BCC.

If you saw the conversation with Mean People Suck we could of or should of figured out this was not going to work. Funny thing is the previous announcement estimated that each BTC would receive 1.1 BCC. Could of been worse. They banged some of the short/long guys(sorry Raiders and MPS).

[JAKEPEAVY21]

That was a whoreshat move. In the same boat, they shorted me 30 BCC.

If you saw the conversation with Mean People Suck we could of or should of figured out this was not going to work. Funny thing is the previous announcement estimated that each BTC would receive 1.1 BCC. Could of been worse. They banged some of the short/long guys(sorry Raiders and MPS).

I guess roughly 85% is better than nothing but still...very frustrating.

Hopefully bitfinex gets a ton of complaints and are forced to give everyone the full amount in the coming days but I'm not holding my breath.

[TheSideBet]

NEw coin just hit `$525 going Crazy last 45 min.

Just getting up today scrolling back and think that spike last night was when the Australian exchange saw a big boost. Apparently the Aussies love the new coin.

I'm back in now on the dip below 2700 about to trigger my order for BTC and loaded up on LTC to just hold that one yesterday. Upside is huge going forward so no rush but back to BTC, held strong every time it started a selloff. I just don't see the new coin holding its own yet but I've been wrong before. Good luck guys, still in infancy on all of these in the bigger picture!

[RonPaul2008]

Nevermind...just started trading on Bitfinex! $425 Freaking sweet!

Are they accepting bcc deposits?

[Sam Odom]

BCH has gone crazy

[trytrytry]

hope everyone kept the new coin for today cause waking up on some huge jump past 2 hours just now

its at an incredible free money of\
$1185 !!!! time to sell a bit

BCC new coin crazy got out at a near peak (minor miracle) 1040 - 1085 to tether "USD"

now BCC down this fast to 837, the speed of these ups and downs is pretty stunning

what will the day bring.

BTc also below 2700 now...

[TheSideBet]

Some interesting reading on the pools who devoted to BCC now.

https://news.bitcoin.com/the-trading-center-in-hk-where-they-mined-most-of-the-bitcoin-cash-blocks/

[raiders72001]

Sold all mine at $593. Could be a mistake.

[trytrytry]

why its at $810- $850 ? where did you get screwed to sell this AM at such a horrid price? 30 minutes ago it was at $980 what exchange?

i

[trytrytry]

sorry raiders perhaps Im looking at a different conversion. to tether on the bittrex exchange.

[Sam Odom]

Sold all mine at $593. Could be a mistake.

'bird in the hand'

[trytrytry]

ok im confused this site shows BCC at

$579

https://www.cryptocompare.com/coins/bch/overview/USD

yet at Bittrex traders can trade BCC for bitcoin right now current price at a ratio of

0.281

current Bitcoin price is call it $2721 = value of 0.281*2721 = $764

so which is it

$764 or $579 ??

[Ballerholic]

is it safe to buy bitcoin now? I'm a noob? And what online wallet should I use?

[MeanPeopleSuck]

Where can BCC be sold?? I have a Bittrex account but can not get their system to generate a BCC address.

EDIT: My bad, didn't see this question was solved.

[MeanPeopleSuck]

I'm salty about bitfinex only giving us 85% in Bcash.

Just my luck that I put my bitcoin in the one place that doesn't give the full amount.

Jake, might I humbly propose we view the glass as half full, instead? No futures market was predicting we'd get this much value for our BCH.

[MeanPeopleSuck]

ok im confused this site shows BCC at

$579

https://www.cryptocompare.com/coins/bch/overview/USD

yet at Bittrex traders can trade BCC for bitcoin right now current price at a ratio of

0.281

current Bitcoin price is call it $2721 = value of 0.281*2721 = $764

so which is it

$764 or $579 ??

Because nobody can move BCC/BCH yet and because we're not allowed to short BCH yet, each site's markets function completely independently of one another. That condition won't last, but that's how it is now.

I sold all my BCC at Bittrex based on the huge arb, but w/ those conditions I can't figure out how to further profit f/ this huge arbitrage. Can anyone else?

[MeanPeopleSuck]

Sold all mine at $593. Could be a mistake.

Making a mistake in crypto? NEVER. In all my years I've never once been wrong trying to predict BTC or any alt's price direction! (Totally kidding, obv).

[RoyBacon]

Jake, might I humbly propose we view the glass as half full, instead? No futures market was predicting we'd get this much value for our BCH.

`Got to be the best trade of my life. Basically a $400+ per coin profit and I sold BCC wayyyy too early. Still hard to believe it was that easy.

[MeanPeopleSuck]

Are they accepting bcc deposits?

It'll take a while before anywhere's willing and able to do deposits/withdrawals in BCH, but it'll happen. I don't know exactly when, but soon.

One of the advantages of being on an exchange vs being in a private wallet is the liquidity factor: the folks who chose private wallets will get all their BCH, but if, say, they wanted to sell it, their eyes were probably watering when BCC crossed $1000 earlier today at Bittrex and now they're probably sobbing as prices there and at Bitfinex fall.

[trytrytry]

so basically somewhat randomly bittrex was a lucky exchange to be in to trade BCC (like it want to 1200 overnight and 1000+ was super easy to get this morning even now as you say its 800) and sell them to is it called teather USDT,. or straight to bitcions at that perhaps accurate but perhaps inflated value?

other exchanges had prices only in the low $600 upper $500s best case???

thats crazy.

I had no idea that was even possible. was it blind luck to go to bittrex over other exchanges?



can we learn something for next time what exchanges to use or not on a split like this??

I

[MeanPeopleSuck]

`Got to be the best trade of my life. Basically a $400+ per coin profit and I sold BCC wayyyy too early. Still hard to believe it was that easy.

On top of which, BTC's price didn't suffer at all. It's been a pretty effin' decent 28 hours.

But y, Bitfinex did catch us out on the BCH multiplier plan, which they gave us no BCH for. I can't really complain, but if you'll indulge me for just 1 second, I still will: I gotta say it doesn't feel 100% fair to change the rules after the game's been played. We followed their rules to the letter, then they hosed us afterward. It's kind of like passing a law today, then arresting someone for having broken that law yesterday.

But, w/e, can't complain w/ these valuations.....

[raiders72001]

so basically somewhat randomly bittrex was a lucky exchange to be in to trade BCC (like it want to 1200 overnight and 1000+ was super easy to get this morning even now as you say its 800) and sell them to is it called teather USDT,. or straight to bitcions at that perhaps accurate but perhaps inflated value?

other exchanges had prices only in the low $600 upper $500s best case???

thats crazy.

I had no idea that was even possible. was it blind luck to go to bittrex over other exchanges?



can we learn something for next time what exchanges to use or not on a split like this??

I

https://coinmarketcap.com/currencies/bitcoin-cash/#markets

[MeanPeopleSuck]

so basically somewhat randomly bittrex was a lucky exchange to be in to trade BCC (like it want to 1200 overnight and 1000+ was super easy to get this morning even now as you say its 800) and sell them to is it called teather USDT,. or straight to bitcions at that perhaps accurate but perhaps inflated value?

other exchanges had prices only in the low $600 upper $500s best case???

thats crazy.

I had no idea that was even possible. was it blind luck to go to bittrex over other exchanges?



can we learn something for next time what exchanges to use or not on a split like this??

I

Yep, it's 100% luck that the Bittrex market for BCH/BCC is hundreds of dollars higher than the Bitfinex market. I have no idea WHY that's true, and it could just as easily have been the other way around.

Eventually, that price gap will be reduced down to the type of variance you see in BTC prices between exchanges because arbitrage specialists will close it, but the arbs can't function properly yet because they can't move BCC between exchanges and Bittrex won't let us short BCC.

But it probably doesn't have anything to do with Tether, though, because Tether's entire purpose and design is to insure 1 Tether always = $1 (give or take a fraction of a penny). Tether's a vastly useful little coin.

[raiders72001]

Yep, it's 100% luck that the Bittrex market for BCH/BCC is hundreds of dollars higher than the Bitfinex market. I have no idea WHY that's true, and it could just as easily have been the other way around.

Eventually, that price gap will be reduced down to the type of variance you see in BTC prices between exchanges because arbitrage specialists will close it, but the arbs can't function properly yet because they can't move BCC between exchanges and Bittrex won't let us short BCC.

But it probably doesn't have anything to do with Tether, though, because Tether's entire purpose and design is to insure 1 Tether always = $1 (give or take a fraction of a penny). Tether's a vastly useful little coin.

It doesn't seem as though many know of tether outside of it being listed on exchanges. https://tether.to/

[MeanPeopleSuck]

It doesn't seem as though many know of tether outside of it being listed on exchanges. https://tether.to/

Definitely not, probably because it can never increase in value.

Tether's a "pro's only" coin, usually the centerpiece of a successful arb situation. Remember back in April when Bitfinex first started fighting w/ US banks? Well, for about 3 weeks BTC's price was $50-$125 higher at Bitfinex than anywhere else, as people bought BTC to move it to Bitstamp, etc. -- places where they could still do US bank wires.

In those days I was literally doing 'round the clock arb'ing. I never got decent sleep, except when the gf would sabotage my alarm so we weren't both zombies at work. But by using Tether, it was surreal: click 3 buttons, make $X, increasing with each arb, with no risk. Move your crypto. Set alarm for 2 hours from now. Repeat for a month.

Crypto's a weird, parallel universe my brother, and you and I live in it.

[TheMoneyShot]

so basically somewhat randomly bittrex was a lucky exchange to be in to trade BCC (like it want to 1200 overnight and 1000+ was super easy to get this morning even now as you say its 800) and sell them to is it called teather USDT,. or straight to bitcions at that perhaps accurate but perhaps inflated value?

other exchanges had prices only in the low $600 upper $500s best case???

thats crazy.

I had no idea that was even possible. was it blind luck to go to bittrex over other exchanges?



can we learn something for next time what exchanges to use or not on a split like this??

I

I noticed some huge gaps last night. I thought it was a typo or misprint. Apparently it wasn't.

One gap was as big as $200.00

[raiders72001]

Definitely not, probably because it can never increase in value.

Tether's a "pro's only" coin, usually the centerpiece of a successful arb situation. Remember back in April when Bitfinex first started fighting w/ US banks? Well, for about 3 weeks BTC's price was $50-$125 higher at Bitfinex than anywhere else, as people bought BTC to move it to Bitstamp, etc. -- places where they could still do US bank wires.

In those days I was literally doing 'round the clock arb'ing. I never got decent sleep, except when the gf would sabotage my alarm so we weren't both zombies at work. But by using Tether, it was surreal: click 3 buttons, make $X, increasing with each arb, with no risk. Move your crypto. Set alarm for 2 hours from now. Repeat for a month.

Crypto's a weird, parallel universe my brother, and you and I live in it.

lol. Back in 2013 I was the same way.

[eidolon]

poloniex site is down?

[JAKEPEAVY21]

Jake, might I humbly propose we view the glass as half full, instead? No futures market was predicting we'd get this much value for our BCH.

true, just a bit frustrating but definitely nice to get extra coins.

[MeanPeopleSuck]

poloniex site is down?

Yes, Polo is under a 4Chan coordinated DDOS attack by some very, very angry depositors who rightfully want their BCC.

EDIT: They're also organizing to attack CB/GDAX. There's some VERY pissed off people out there tonight.

It's people power, baby. https://www.youtube.com/watch?v=47E2tfK5QAg

[MeanPeopleSuck]

true, just a bit frustrating but definitely nice to get extra coins.

Fair enough. It's also very weird how huge the market price differences are right now. As I type this, BCC/BCH's prices:

Bittrex: $718

Kraken: $417

Bitfinex: $345

It's easy to understand why arbs haven't "fixed" that gap -- we can't yet move BCC around and Bittrex won't let us short it -- but what I can't figure out is, "Why are the people at Bittrex so pro-BCC?" Or, put the other way, "Why are the people at Bitfinex so anti BCC?"

[itchypickle]

Boys give ole Pickle a hand here figured I'd toss in some $$ but new to this crypto speculating and exchange options.

Anybody familiar with Bithumb vs Bitstamp as which one to buy through? I ordered a cold storage today but in meantime looking for the one to go with since it looks like on volume, one has the other dominated so would come into play to get my orders done when the time comes.

Fire away!

[MeanPeopleSuck]

Fair enough. It's also very weird how huge the market price differences are right now. As I type this, BCC/BCH's prices:

Bittrex: $718

Kraken: $417

Bitfinex: $345

It's easy to understand why arbs haven't "fixed" that gap -- we can't yet move BCC around and Bittrex won't let us short it -- but what I can't figure out is, "Why are the people at Bittrex so pro-BCC?" Or, put the other way, "Why are the people at Bitfinex so anti BCC?"

Wait, I just figured out why. Bittrex is a site that trades a zillion alts, so its depositors are more likely to own, and more likely to WANT to own, alts like BCC. Bitfinex is a more "square" site that probably has lots of depositors who aren't at all interested in alts, and just wanted to dump whatever this BCC stuff was for as much BTC as they could, as fast as they could.

So, if Polo HAD distributed BCC, as the 'other' huge alts site, I bet its BCC price would've been up in the Bittrex zone.


OK, so from a strategy perspective -- subject to all the usual 'none of us can predict crypto' warnings -- if you hold any BCC at Bittrex, sell it, because you're currently isolated in a market populated by alts loving market players. Conversely, if you're at Bitfinex, you might want to consider buying.

If you're looking for Bitfinex price guidance, about an hour ago I bought 10 BCH for .111 BTC each. I've got an order for another 25 in at .101 plus a couple "lottery ticket" type orders at super cheap prices. Hey, in crypto, ya never know....