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Title: What's up with the spread? Post by: ElectricMucus on November 25, 2011, 05:52:48 PM Why has the spread gone up recently? Usually if a rapid price movements happens bidders and sellers go pretty close.
Not this time... or is it just random variance or my subjective observation? Anybody notice the same thing? Title: Re: What's up with the spread? Post by: notme on November 25, 2011, 06:08:31 PM Why has the spread gone up recently? Usually if a rapid price movements happens bidders and sellers go pretty close. Not this time... or is it just random variance or my subjective observation? Anybody notice the same thing? I'm on vacation this week. I don't trade enough volume to make much of a difference, but perhaps the same is true for others. Title: Re: What's up with the spread? Post by: proudhon on November 25, 2011, 06:09:53 PM Why has the spread gone up recently? Usually if a rapid price movements happens bidders and sellers go pretty close. Not this time... or is it just random variance or my subjective observation? Anybody notice the same thing? Seems pretty standard to me. Title: Re: What's up with the spread? Post by: kjlimo on November 25, 2011, 07:41:46 PM Which website spread are you refering to?
Title: Re: What's up with the spread? Post by: Cluster2k on November 26, 2011, 02:33:10 AM Which website spread are you refering to? He would be referring to the MtGox/TH spread: According to bitcoincharts, $2.51 versus $2.39. Huge difference that no one seems to be taking advantage of. I would suggest TH is having technical problems at the moment. Title: Re: What's up with the spread? Post by: tvbcof on November 26, 2011, 02:46:27 AM Which website spread are you refering to? He would be referring to the MtGox/TH spread: According to bitcoincharts, $2.51 versus $2.39. Huge difference that no one seems to be taking advantage of. I would suggest TH is having technical problems at the moment. No problem that I'm aware of (except that they did not process my wire deposit request on schedule again.) I've been trading all day with not problems. The answer is rather obvious. It 'problem' comes and goes and has been doing so for weeks (if not months) which anyone paying attention would know. There is simply not enough people with funds in Tradehill who are willing to buy at the prices that people are on Mt. Gox. There has been a much higher supply on Tradehill for at least a few weeks (possibly the haul from a theft) and it takes a lot of interest to dig through it. The handful of people doing arbitrage burnt out and need time to replenish their funds. You don't have to make this a harder problem than it is. Title: Re: What's up with the spread? Post by: jwzguy on November 26, 2011, 03:13:56 AM The problem is getting money from Gox to TH without spending 100% of the spread on fees.
Title: Re: What's up with the spread? Post by: Cluster2k on November 26, 2011, 03:23:20 AM Which website spread are you refering to? He would be referring to the MtGox/TH spread: According to bitcoincharts, $2.51 versus $2.39. Huge difference that no one seems to be taking advantage of. I would suggest TH is having technical problems at the moment. No problem that I'm aware of (except that they did not process my wire deposit request on schedule again.) I've been trading all day with not problems. The answer is rather obvious. It 'problem' comes and goes and has been doing so for weeks (if not months) which anyone paying attention would know. There is simply not enough people with funds in Tradehill who are willing to buy at the prices that people are on Mt. Gox. There has been a much higher supply on Tradehill for at least a few weeks (possibly the haul from a theft) and it takes a lot of interest to dig through it. The handful of people doing arbitrage burnt out and need time to replenish their funds. You don't have to make this a harder problem than it is. TH's price has usually been very close to MtGox's for the past several months that I've been observing the price. It's an aberration, not usual behaviour, to see large spreads between the two. Title: Re: What's up with the spread? Post by: tvbcof on November 26, 2011, 03:37:36 AM ... You don't have to make this a harder problem than it is. TH's price has usually been very close to MtGox's for the past several months that I've been observing the price. It's an aberration, not usual behaviour, to see large spreads between the two. Dude! You don't need to pull stuff out of your ass when it is easy to look up. Just look at the 'mix' on bitcoinity.org at 30 days. You'll see the current pattern is, if anything, more predictable than unusual. Title: Re: What's up with the spread? Post by: old_engineer on November 27, 2011, 07:13:25 AM Why has the spread gone up recently? Usually if a rapid price movements happens bidders and sellers go pretty close. Not this time... or is it just random variance or my subjective observation? Anybody notice the same thing? I'm on vacation this week. I don't trade enough volume to make much of a difference, but perhaps the same is true for others. |