Author

Topic: Why is the bitstamp USD price so high? (Read 1627 times)

legendary
Activity: 1904
Merit: 1002
November 22, 2013, 09:31:56 PM
#14
Seriously wtf is wrong with this exchange. Its like there is only a buy button and it can only go up. Other exchanges go down $30 and it goes down $1. Then it goes up $20. f you try to trade here you get screwed.

The other exchanges got way ahead of Stamp.  Much of the down action on Gox and BTCChina was arbitrage realigning the prices.
full member
Activity: 189
Merit: 100
Hello
November 22, 2013, 06:49:34 PM
#13
Theres a reason they are called bitSTAMP.. but the price is simple arbitrage..
hero member
Activity: 728
Merit: 500
November 22, 2013, 06:42:23 PM
#12
Seriously wtf is wrong with this exchange. Its like there is only a buy button and it can only go up. Other exchanges go down $30 and it goes down $1. Then it goes up $20. f you try to trade here you get screwed.
legendary
Activity: 2179
Merit: 1201
November 22, 2013, 03:45:23 PM
#11
Just bought 17 coins and paid 60$ fee´s... that sucks  Angry

They also cut 110$ from tranfering my 10.000€ into 13490$ instead of 13600$ as their linked exchange price list was. Support does not answer, asked 2 days ago why.
hero member
Activity: 732
Merit: 500
Nosce te Ipsum
November 22, 2013, 03:28:14 PM
#10
Bitstamp is not high, Mt. Gox is low.  Wink
newbie
Activity: 53
Merit: 0
November 22, 2013, 01:56:11 PM
#9
No one thinks this is related to the delayed coinbase buy orders?
legendary
Activity: 1428
Merit: 1000
November 22, 2013, 01:55:10 PM
#8
Bitstamp is best choice for exchange, big + most reliable, thats why increased demand there

For casual buyers/seller yes,but its the bad platform for day traders, poor api, unreliable engine, and not fully protected against ddos..I really hope they improve these technical issues.
legendary
Activity: 2156
Merit: 1070
November 22, 2013, 01:39:44 PM
#7
This is exactly what arbitrage looks like. Compare the charts of Bitstamp and China the last 4 days. It's obvious what is going on. This is very healthy for the markets. When everything gets out of whack, it creates more instability.
hero member
Activity: 812
Merit: 1000
Act #Neutral,Think y'self as a citizen of Universe
November 22, 2013, 10:55:33 AM
#6
Bitstamp is best choice for exchange, big + most reliable, thats why increased demand there
hero member
Activity: 728
Merit: 500
November 22, 2013, 10:50:34 AM
#5
EDIT2: nevermind. My deposit confirmed successfully  Grin

Maybe fear of getting goxxed by Stamp.

https://bitcointalksearch.org/topic/bitstamp-depositwithdrawal-delays-resolved-for-me-please-share-results-here-343120

EDIT: Or maybe successful arbitration between China and Japan is bringing Gox price down.
sr. member
Activity: 308
Merit: 251
Giga
November 22, 2013, 10:48:20 AM
#4
keep in mind more and more people are losing confidence with gox, their USD withdrawals issues are a complete disaster with people even now complaining about BTC withdrawal issues. Due to this a lot have been migrating to Bitstamp which is a lot more reliable (so far)
newbie
Activity: 56
Merit: 0
November 22, 2013, 10:47:00 AM
#3
Deposits coming in + Branson
full member
Activity: 140
Merit: 100
Bitcoin - love & hate
November 22, 2013, 10:44:54 AM
#2
pump and dump

Get ready to buy more coins and don't panic sell.  Grin
newbie
Activity: 28
Merit: 0
November 22, 2013, 10:43:50 AM
#1
In USD ...

Over the past few weeks & months, the Mt. Gox price has been ~10% higher than the rest of the market (bitstamp, btc-e, etc...).  Today, bitstamp is as high or just higher than Mt. Gox, and still 10% higher than the rest of the market.

What gives?
Jump to: