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Topic: bitstamp.net BTC discount relative to other exchanges (Read 1101 times)

sr. member
Activity: 453
Merit: 254
The anomaly disappeared.
It was, probably,  connected with the problems of MtGox with sending wire transfers.
A lot of people, in a hurry, decided to move their bitcoins to Bitstamp and sell there for US$.
member
Activity: 103
Merit: 10
how can this work for a long time?
what if 9out of 10people would exchange bitcoins for USD on BItstamp and than let it cash (ask to send usd on their accounts?)
wouldnot this impact bitcoin (price btc/usd would decline?) and wouldnot it imply some restrictions on bitstamp (user can Exchange only the same amount of usd which they send on bitstamp?)

Any reason why it is the cheapest?
It is more trustworthy, so many people sell Bitcoins there to make cashout to bank account.
legendary
Activity: 1582
Merit: 1002
Any reason why it is the cheapest?
It is more trustworthy, so many people sell Bitcoins there to make cashout to bank account.
legendary
Activity: 1621
Merit: 1000
news.8btc.com
bitstamp is usually the cheapest.

Any reason why it is the cheapest?
hero member
Activity: 518
Merit: 500
bitstamp is usually the cheapest.

not by 10%. This is unprecedented.
hero member
Activity: 532
Merit: 500
bitstamp is usually the cheapest.
hero member
Activity: 518
Merit: 500
Didn't notice the news on GOX.  Reasonable theory.  But I speculate something more cynical to the withdraw suspension.

Oh god yeah, I agree with your cynicism. First they suspend, then they .......
hero member
Activity: 756
Merit: 500
Didn't notice the news on GOX.  Reasonable theory.  But I speculate something more cynical to the withdraw suspension.
hero member
Activity: 518
Merit: 500
Prices are normally just below GOX, a dollar or two.

But weird things going on in last 24 hrs, probably due to MTGOX announcing it won't be processing USD withdrawals.

http://bitcoinity.org/markets/bitstamp/USD
http://bitcoinity.org/markets/mtgox/USD

Theory: People will be moving their bitcoins to bitstamp, and trying to sell there, in order to get their USD out of bitcoins. But bitstamp liquidity is still much lower than MTGOX, so there is too much selling pressure, so price has slid down.

Its a theory anyway  Wink
hero member
Activity: 756
Merit: 500
Just looking for some insights on the BTC/USD discount relative to the other major exchanges (mtgox, btce)?
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