WTF Bitstamp $85, mtgox $94?
Seems like the withdrawal problems are far from over at mtgox.
I also did not receive my EUR withdrawal yet ordered weeks ago, eventhough I did not use SEPA but 'international transfer'.
These difference in prices show the seriousness of the problem right?
Topic: BITSTAMP eXchange wall Observer. second biggest and best exchange - page 41. (Read 89337 times)
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
July 23, 2013, 06:16:51 AM
July 23, 2013, 12:13:38 AM
You guys feel safe using Bitstamp when it is not even seeking Fincen compliance?
Reading this kind of comment, it becomes so clear how some govt agencies are indistinguishable from mafia protection rackets.
July 22, 2013, 11:38:57 PM
You guys feel safe using Bitstamp when it is not even seeking Fincen compliance?
They are under European laws. They don't have a bank account in the US like Mtgox did. Did I miss something? Is every European company that accepts wire transfers from the US supposed to get licensed as a US money transmitter now? That sounds absurd.
July 22, 2013, 10:54:59 PM
You guys feel safe using Bitstamp when it is not even seeking Fincen compliance?
You! Get away! Don't spread FUD! You are supposed to be bullish!
July 22, 2013, 08:45:05 PM
You guys feel safe using Bitstamp when it is not even seeking Fincen compliance?
I feel safe buying coins there and withdrawing them, also, I had to submit proof of residence and government ID anyway
July 22, 2013, 08:38:00 PM
You guys feel safe using Bitstamp when it is not even seeking Fincen compliance?
July 22, 2013, 08:24:39 PM
Bitstamp currently 87% of the way to overtaking mtgox as the largest USD market. Hopefully the thread title can be changed soon.
July 22, 2013, 08:06:48 PM
Bitstamp currently 87% of the way to overtaking mtgox as the largest USD market. Hopefully the thread title can be changed soon.
July 20, 2013, 05:10:22 PM
And that's assuming very small fees to transfer all this money.
Exactly...even if you had the lowest fee's on Gox and Bitstamp that's a percentage or so...but the wires would have to be moderately big in order to cover the wire transfer fee's which can be $40 each transfer.
To make that <1% you have to transfer $4k minimum per transfer....not huge but that's another 2%.
So, your fee's could potentially be 5%...making arbitrage basically a waste of time.
I think people are just infatuated with the concept of creating an instantaneous money making "loop".
this! i have no desire to do all of that work. bla. but it is lovly to think about. but rilly cant you just do this? go to bitinstant and not buy coins but put fiat on the money side of bitstamp. put buy orders in low like a few dollars low. you know it will hit that. then when you buy for 81 bucks you have your coins then send coins (no fee) to wallet then wallet to mt gox (or just to gox) and sell at there price and send back to your account. you have made about eight per coin minus any gox fees for deposits and 3.99% fee of bitinstant. maybe not the most money ever but say a hundred coins and ..... nope i just remembered 500 dollar max daily limit of buying on bitinstant. im sure you and "your buddies" could set up ten accounts. idk prob not worth it but it does seam intising. say due to fees that eight dollar diff would only be 4. well times that by 100 coins and that a free 400 bucks. maybe get a thousand coins (if your rich) and then thats 4k you would make. this is not exact science but it seams like there is something there.
July 20, 2013, 08:37:47 AM
And that's assuming very small fees to transfer all this money.
Exactly...even if you had the lowest fee's on Gox and Bitstamp that's a percentage or so...but the wires would have to be moderately big in order to cover the wire transfer fee's which can be $40 each transfer.
To make that <1% you have to transfer $4k minimum per transfer....not huge but that's another 2%.
So, your fee's could potentially be 5%...making arbitrage basically a waste of time.
I think people are just infatuated with the concept of creating an instantaneous money making "loop".
July 20, 2013, 05:41:40 AM
July 19, 2013, 11:52:39 PM
And that's assuming very small fees to transfer all this money.
July 19, 2013, 09:57:27 PM
Why is everyone so infatuated with arbitrage?
If it was as easy as "cash out at Gox, rinse and repeat" everyone would be doing it and the price diff would be 0.
For arbitrage to work in it's current state you would need a months supply of fiat so you could wire funds several times a day to the low exchange and wire back to your bank account everyday from the high exchange.
If it was as easy as "cash out at Gox, rinse and repeat" everyone would be doing it and the price diff would be 0.
For arbitrage to work in it's current state you would need a months supply of fiat so you could wire funds several times a day to the low exchange and wire back to your bank account everyday from the high exchange.
July 19, 2013, 03:46:37 PM
86 mtgox at 94 
ya lately stamp likes to be about eight dollars below gox. right now stamp is 83.72 and gox is 92.08 thats crazy, seams you could go to bitinstant and have time put fiat into stamp and then buy btc then transfer them to another wallet then to gox cash them out on gox and wash rinse repeat. why would this not work? (besides the fact that bitinstant takes a 3% cut) but thats not enough to take your profits away. strange huh.
July 19, 2013, 02:34:35 PM
86 mtgox at 94
July 15, 2013, 02:16:07 PM
Just got cut in half
One 2k wall was already eaten today at 94.I just wonder how can the price try to follow mtgox, when gox doesn't process withdrawals?
I thought gox was just having withdraw issues with people in the USA
July 15, 2013, 02:05:31 PM
Just got cut in half
One 2k wall was already eaten today at 94. July 15, 2013, 02:00:37 PM
Just got cut in half
July 15, 2013, 01:52:51 PM
Check out the wall at 94.
July 15, 2013, 05:08:21 AM
Hi Bitstamp watchers,
Apologies, I'm guessing it's likely there's already a thread talking about this but I've failed to find it...
According to bitcoincharts.com there's not been any trading on bitstampUSD for 1 day, 6 hrs. Do we know whether there's a problem?
Apologies, I'm guessing it's likely there's already a thread talking about this but I've failed to find it...
According to bitcoincharts.com there's not been any trading on bitstampUSD for 1 day, 6 hrs. Do we know whether there's a problem?
It must be a problem of bitcoincharts, bitstamp works fine for me (and the price is different too).
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