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Topic: BITSTAMP eXchange wall Observer. second biggest and best exchange - page 27. (Read 89337 times)

sr. member
Activity: 454
Merit: 250
Bitstamp just hit its 30 day high. Kind of a big deal considering it had a Silk Road crash in the middle of that Shocked
hero member
Activity: 882
Merit: 501
Ching-Chang;Ding-Dong
Lot's of buying pressure of Stamp for a few days now.  Heavily the last few hours.

I'd take buying pressure on Stamp as far more telling than on Gox, as Stamp has traditionally been viewed more as a "seller's exchange".

Quick & Easy to buy from bitstamp as well.
legendary
Activity: 1168
Merit: 1000
Lot's of buying pressure of Stamp for a few days now.  Heavily the last few hours.

I'd take buying pressure on Stamp as far more telling than on Gox, as Stamp has traditionally been viewed more as a "seller's exchange".
legendary
Activity: 1904
Merit: 1002
Most chinese exchanges have zero fee.

That boosts their volume artificially.

How exactly do they make money, then? When they said 0 fee, I sorta assumed they artificially induced spread or something.

Maybe they use the additional information they have compared to the other market participants to their advantage.


A highly liquid, efficient exchange provides arbitrage opportunities.
donator
Activity: 2772
Merit: 1019
Most chinese exchanges have zero fee.

That boosts their volume artificially.

How exactly do they make money, then? When they said 0 fee, I sorta assumed they artificially induced spread or something.

Maybe they use the additional information they have compared to the other market participants to their advantage.
legendary
Activity: 1246
Merit: 1000
Most chinese exchanges have zero fee.

That boosts their volume artificially.

How exactly do they make money, then? When they said 0 fee, I sorta assumed they artificially induced spread or something.

Probably by charging a fee when depositing/withdrawing fiat, just like bitcoin-24 did.
sr. member
Activity: 448
Merit: 250
Most chinese exchanges have zero fee.

That boosts their volume artificially.

How exactly do they make money, then? When they said 0 fee, I sorta assumed they artificially induced spread or something.
legendary
Activity: 1168
Merit: 1000
Most chinese exchanges have zero fee.

That boosts their volume artificially.

So how do they stay in business?
hero member
Activity: 964
Merit: 509
Most chinese exchanges have zero fee.

That boosts their volume artificially.
legendary
Activity: 1168
Merit: 1000
Stamp is 79% of Gox volume (USD) over last 30 days.  Greater 24hr volume for a few days now (lower overall volume).

Things shift quickly..  

And then of course there's btcchina silently sneaking up..
legendary
Activity: 1442
Merit: 1000
Antifragile
Shhh...
don't scare the flock
I just bought back in and am feeling jittery as is
last moves
sold 127
bought 88
sold 113
bought 125

and In very unsure what to do before I go to bed tonight

Just take it like a man, if it goes down it will be a couple bucks not a crash. Also China has woken up big time and are taking over the lead from the US.

This is now the wild card in all this. This is like the equivalent of HUGE news, almost like insider info. Will be interesting to see if their buying continues.
There is no float when you think about it. Current prices can't support China getting involved at all.

I wonder why there is no HUGE premium (no premium at all actually) on Bitcoins in China though? Arbitrageurs must work overhours.

I haven't actually checked the price, just noticed the volume. Really, the bigger question should be the volume. Don't look a gift horse in the mouth. (Not that you are)

Not sure what you are getting at but obviously they are not doing lots of "selling" as the price hasn't been going down there.
legendary
Activity: 1600
Merit: 1014
I wonder why there is no HUGE premium (no premium at all actually) on Bitcoins in China though? Arbitrageurs must work overhours.

That's not the explanation. You can't easily change CNY to other currencies.

Before the 260 Crash the Chinese market was trading 10-15% higher constantly, that's the cost if you need to import your BTC.

Don't ask me what's going on now - but I can ensure you, the Chinese also don't know. Some say rich real-estate people sell some apartments to get into BTC now...

Stop worrying, start to love the Chinese.
legendary
Activity: 1022
Merit: 1000
Shhh...
don't scare the flock
I just bought back in and am feeling jittery as is
last moves
sold 127
bought 88
sold 113
bought 125

and In very unsure what to do before I go to bed tonight

Just take it like a man, if it goes down it will be a couple bucks not a crash. Also China has woken up big time and are taking over the lead from the US.

This is now the wild card in all this. This is like the equivalent of HUGE news, almost like insider info. Will be interesting to see if their buying continues.
There is no float when you think about it. Current prices can't support China getting involved at all.

I wonder why there is no HUGE premium (no premium at all actually) on Bitcoins in China though? Arbitrageurs must work overhours.
legendary
Activity: 1168
Merit: 1000
Looks like the Gox/Stamp arbitrage bot has returned...
legendary
Activity: 1442
Merit: 1000
Antifragile
Shhh...
don't scare the flock
I just bought back in and am feeling jittery as is
last moves
sold 127
bought 88
sold 113
bought 125

and In very unsure what to do before I go to bed tonight

Just take it like a man, if it goes down it will be a couple bucks not a crash. Also China has woken up big time and are taking over the lead from the US.

This is now the wild card in all this. This is like the equivalent of HUGE news, almost like insider info. Will be interesting to see if their buying continues.
There is no float when you think about it. Current prices can't support China getting involved at all.
legendary
Activity: 1442
Merit: 1000
Antifragile
The bid depth is now scary as hell!

Huh? Scary in which sense. i286 shows 2500 coins down to 121 USD (from 126.7 where we are now). For bitstamp, which in the past has been more of a "seller's exchange" that's a pretty good depth actually.

Or did I misunderstand what you meant by "scary"?

Right now, there is 4000 coins to 121. Some one must have put a large order up since you posted that...
legendary
Activity: 1246
Merit: 1000
Shhh...
don't scare the flock
I just bought back in and am feeling jittery as is
last moves
sold 127
bought 88
sold 113
bought 125

and In very unsure what to do before I go to bed tonight

Just take it like a man, if it goes down it will be a couple bucks not a crash. Also China has woken up big time and are taking over the lead from the US.
sr. member
Activity: 448
Merit: 250
I almost want to use my leverage to eat up that wall at $126.80 ...

Who wants to team up w/ me?

 Cool

I don't have any USD balance but I could leverage my BTC on Bitfinex. About how much extra $$$ worth of leverage would you need?
legendary
Activity: 1168
Merit: 1000
I almost want to use my leverage to eat up that wall at $126.80 ...

Who wants to team up w/ me?

 Cool
legendary
Activity: 1582
Merit: 1001
Shhh...
don't scare the flock
I just bought back in and am feeling jittery as is
last moves
sold 127
bought 88
sold 113
bought 125

and In very unsure what to do before I go to bed tonight
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