Topic: Which is LEADING: Bitstamp or Gox? (Read 1790 times)

Pardon me for being ignorant here, but maybe I'm not the only one.  In what context is "=/=" used?       If it was to mean "roughly equal" I'ld have expected to see (~=).   If it was "not equal" then I'ld expect "!=" or "<>".     But "=/=" isn't intuitive to me.


You presume prices always equilibrate?   That will not always happen.  And it has little to do with trading volume.   Instead, various differences between exchanges are reflected in the price.    If there was zero friction between moving funds to and from exchanges, the prices would be the same.   As long as there are differences, the cost (or savings) of those differences are reflected in the exchange rate.

Now a spike or drop in volume (or urgency) may cause the degree of difference between the exchanges to grow or shrink over time but generally the exchange rate will move up or down at roughly the same level between the exchanges.

As far as determining a single "current market price" for bitcoin, currently Mt. Gox must be seen as an outlier but those bids are real so it cannot be entirely dismissed.   If you notice, both Coindesk's Bitcoin Price Indicator (BPI) and BItPay's exchange rate -- each computed with slightly different approaches yet seem to always land within about 1% of each other:
 - http://www.coindesk.com/price/
 - https://bitpay.com/bitcoin-exchange-rates

I feel bitstamp will surpass Gox.

The withdrawal issue is the big trouble for most of the speculators.

maybe the volume is in CNY

Derpinheimer here to prove derpinheimer's comment.



Guess what that is?

Hint: BTC100 Orderbook. As of minutes ago. With 50k volume claim.

It is not just https://btc100.org/. Take a look at the rest of the sites on http://btckan.com/price . All I will say is ignore China at your peril when trading BTC.

idk, i never heard of btc100 until , 5 mins ago

can someone confirm derpinheimer's comment?

Because its bullshit and clearly not actual data.

Thats the same site that was claiming like 150k not too long ago, with like 2CNY price rise BAHAHhAHAHAHHA

How can you possibly...?

wtf why isnt this on bitcoincharts.com?

Right now in daily volume it is https://btc100.org/ at 53858.32 dwarfing MtGox and BitStamp combined. We really need to take a very hard look at what is currently going on in China. Thanks to damnek for this excellent link http://btckan.com/price

But but but INSOLVENT, and. uh..

PANIC!

Its coming!

I believe BitStamps will soon be #1 on the 30day volume, its been over mtgox volume on most days for a while now. I estimate 1 more month and then GOX will be #2 and will continue to fall in the ranks.

... and with substantial volume.

At btckan.com/price you can see that the Chinese exchanges are currently trading slightly higher than bitstamp.

I mean a steady upward trend on strong volume while MTGox has been essentially flat for the last 4 days.

Edit: It will be interesting to see if BTCChina breaks 790 CNY

Leading =/= being the closest to gox 

 

BTCChina is leading at 777 CNY or 126.96 USD closing the gap on MtGox at 136.04 USD followed by Bitstamp at 124.93 USD. 

Poll reset!

Some intersting developments today, actually more volume on Bitstamp, BTChina and EVEN BTC-e, then on Gox:

Pic or it didnt happen smart ass!

For a small moment bitstamp price was ABOVE gox one, like the only time in the last 6 months...

Interestingly, at the moment, the Bistamp-Mt Gox difference is as low as it's been in a long, long time.  Gox showing $113ish, Bistamp showing $111ish.