Author

Topic: Gox/Bitstamp parity. (Read 1165 times)

legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
November 06, 2013, 11:01:21 PM
#16


I don't get why Bitstamp has caught up to Gox.  I thought Gox was higher because of the difficulties of getting fiat out.  I see BTC-E is still at $260.  Does this mean that there's now trouble getting fiat out of Bitstamp as well, and BTC-E is a more accurate price?

It could be that some form of arbitrage has been established between gox and bitstamp. If they drift apart again then it was just the temporary effect of the 10k sell order.
sr. member
Activity: 308
Merit: 250
November 06, 2013, 10:57:46 PM
#15
I don't get why Bitstamp has caught up to Gox.  I thought Gox was higher because of the difficulties of getting fiat out.  I see BTC-E is still at $260.  Does this mean that there's now trouble getting fiat out of Bitstamp as well, and BTC-E is a more accurate price?

I am not aware of any issues. I was wondering the same thing - it's a bit strange. Perhaps with all the buying pressure in the market and the lack of faith in gox, people are just going elsewhere for their coins and pushing hte price up there... so much so it actually overcame the BTC price pressure on gox.

Looking forward to CampBX's ACH deposit option coming November 20. ONce that hits, I see CampBX joining the leagues.
legendary
Activity: 1582
Merit: 1001
November 06, 2013, 10:56:41 PM
#14
It's simple
High trade volume, but no one wanting to sell parabolic rise to follow with a pop
sr. member
Activity: 476
Merit: 250
Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm
November 06, 2013, 10:52:43 PM
#13
I don't get why Bitstamp has caught up to Gox.  I thought Gox was higher because of the difficulties of getting fiat out.  I see BTC-E is still at $260.  Does this mean that there's now trouble getting fiat out of Bitstamp as well, and BTC-E is a more accurate price?
legendary
Activity: 1246
Merit: 1010
November 06, 2013, 10:25:04 PM
#12
arb breaks down when the 3+ day fiat transfer times could lose you $60 per coin or 20% as compared to just holding BTC...
legendary
Activity: 1834
Merit: 1020
November 06, 2013, 10:13:14 PM
#11
So they crossed, why?

Now the arb opportunities are just getting ridiculous.

Think of the potential consequence if this holds.  Those capable of withdrawing btc but not fiat from Gox now have (a larger) incentive to transfer their btc out and cash out on bitstamp.  This could bring down the volume on Gox (even more) significantly.

Although, I've been seeing complaints about btc withdrawal from Gox, too.
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
November 06, 2013, 10:07:40 PM
#10


Ask wall gone, gox catching up to BitStamp again.
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
November 06, 2013, 09:29:27 PM
#9
So they crossed, why?

Now the arb opportunities are just getting ridiculous.

There was a 10k ask wall on gox at 266, not sure what will happen once it's gone.
legendary
Activity: 1232
Merit: 1011
November 06, 2013, 09:29:00 PM
#8

Gox is now the place for cheap coins.

oh, the irony.
sr. member
Activity: 448
Merit: 250
November 06, 2013, 09:28:46 PM
#7


Gox is now the place for cheap coins.

Anybody with money at gox right now aught to sell on Bitstamp quick. What type of a person would keep fiat on gox at a time like this?
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
November 06, 2013, 09:27:13 PM
#6


Gox is now the place for cheap coins.
sr. member
Activity: 448
Merit: 250
November 06, 2013, 09:26:32 PM
#5
So they crossed, why?

Now the arb opportunities are just getting ridiculous.
legendary
Activity: 2576
Merit: 1087
November 06, 2013, 09:13:37 PM
#4
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
November 06, 2013, 09:00:44 PM
#3
legendary
Activity: 2576
Merit: 1087
November 06, 2013, 08:34:26 PM
#2
DONT CROSS THE STREAMS!
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
November 06, 2013, 08:18:35 PM
#1


Parity fast approaching, but will it hold once the gox ask wall is gone?
Jump to: