Topic: Gap Observer mtgox / bitstamp / btc-e / campbx - page 2. (Read 8589 times)

@Its About Sharing your obligation of being US citizen apply world wide not just if u are in US

They no longer allow americans on their exchange (if you have a US address, your trading is restricted).

They no longer allow non-german EU residents to trade over 2500 EUR per calendar year (because after 2500 EUR they have to fully verify you and they can only do this currently in germany).

As such there's alot less of the volume sellers who normally buy on different exchanges just to resell on bitcoin.de, but still lots of small volume buyers who are driving the price up (because they aren't effected by the inability to transact over 2500 EUR a year).

I would imagine the volume on bitcoin.de is significantly down as well since the Fidor bank announcement.

Any explanation for the high EUR price at bitcoin.de? It's only a couple of euros below Gox's EUR price, while Gox's EUR price seems to reflect EUR/USD exchange rate and GoxUSD price. Isn't there an arbitrage opportunity between bitcoin.de and Bitstamp? Buy at Bitstamp, sell at btcde, rinse, repeat? Of course the depth at btcDE is not that great, but still?

Any explanation for the high EUR price at bitcoin.de? It's only a couple of euros below Gox's EUR price, while Gox's EUR price seems to reflect EUR/USD exchange rate and GoxUSD price. Isn't there an arbitrage opportunity between bitcoin.de and Bitstamp? Buy at Bitstamp, sell at btcde, rinse, repeat? Of course the depth at btcDE is not that great, but still?

It shocks someone like me that anyone would store any large percentage of their Bitcoin holdings with a 3rd party, especially looking at the short history of Bitcoin.

I just initiated today another euro deposit to Bitstamp, I just hope to catch the next valley with it.

The gap makes sense;

The Gox price is artificially high because they cannot process withdrawals in a timely manner (up to 3 months in many cases).

As many people need funds that are in their account or are afraid the cumulative effect of slow withdrawals and many other problems Gox have had recently could spell the end for Gox, they are forced to transfer their Fiat into Bitcoin creating + rise in value on the exchange. The opposite effect (- effect) happens on all other exchange as the coins flow into them for sale.

There's no money to be made from arbitrage the prices aren't random on each exchange it's just a reflection of the above. If you monitor the difference in price between say btc-e and bitstamp there's a pretty consistent $1 diff or 1/88= 1%.

The 1% difference on these exchanges possibly reflects the higher cost (1%) of depositing money onto Btc-e

Gox customer service is worryingly don't give a fuckish with a bit of sarcastic "Dear valued customer" thrown in for spitish reasons (possibly staff know they're soon to be unemployed and don't like taking shit from pricks like me!!). I really wouldn't risk your money trying to Arb from exchanges to Gox you stand to make 5-10% as a one off if they don't go out of business and they get their problems sorted. I'd say there's a 25% if you're going to leave money there over the next 3 months you could lose it all.

Q: Why would you sell on Bitstamp when Mt. Gox is 10% higher, and has just moved up 5% without Bitstamp moving?

A:
1. You don't really like money all that much
2. Once a bear, always a bear
3. Manipulation
4. Retardation

Can you give me the url for this? Also cavirtex with 10k up to $92 with gox at $100.

Bitcoin24 some, but most, probably 80%, not yet and largest account is still frozen. Chances are high it will be returned but until then, it's not.