So basically this is the lone whale left at MtGox showing us that the entire orderbook is him, and he has unilateral power over the price at MtGox.

Nice play.

Sorry to be dancing on your graves but i have said it before: anyone buying into a 'currency' (McxFEE) that's issued and controlled by one entity, an entity with a track record of scammy actions, well he/she is just a blatant idiot.

What are you on? Those 2500 BTC were market sold

Rather some big whale at Gox wants dollars he can actually transfer back to his account, and is thus cashing out at Bitstamp. Added benefit: heavy buying will create upwards pressure on Bitstamp, meaning he can sell >2000 BTC there between 830 and 850 - which is exactly what's happening now.

I am, but what can you do other than leave bitstamp? If you piss them off enough I'm sure they will find a way to run with your coins as this is an unregulated pile of shit.

I was essentially robbed for a few hunderd dollars yesterday evening.

As I said before, Bitstamp can suck a fat one.

They were trailing behind 100 USD all week, and the gap is now closing. Early in this week, so new money probably flowed in allowing heavy arbitrage possibilities.

Sure, they're all manipulated to fuck, but that doesn't matter as long as they stay online. Seriously, a trading platform that goes offline every time it's actually the most important time to trade, well that's just a joke.

At least BTC-e doesn't usually go down during prime-time.

I'm about done with this shit. You can synchronize an atom clock with it. Any god damn trade above 500 BTC on MtGox, and Bitstamp is god damn offline.

You just can NOT daytrade there. This shenanigens has cost me several hundred dollars already.

I'm at the verge of calling faul play with them being 'in on it', for all we know they benefit most by lagging their site when people are putting in market orders through their API's. As is now publically known, the orderbook doesn't give a shit about order of operations anyway, so they could easily inject some of their own orders to catch large market orders.

In fact, I'm rather sure this is exactly what happens. Big moves everywhere happen, Bitstamp trading engine is lagged (by DDoS or inside job, who knows), the order book fills with a large volume of orders which are not executed immediately due to the lag/DDoS, and during this ample time the attacker simply puts his order in a sweet spot. Order book doesn't give a shit about order of operations, so the orders of the attackers at the sweet spots are filled and they make an easy profit, lifting DDoS.

It's disgusting.



Bottom line: Fuck you Bitstamp, I'm taking my business elsewhere. As soon as you're back online, which may be god knows when.

That depends entirely on what your stance is.

If you are in it to make profit in USD (like 99% of this market is doing atm), day trading to get USD gains is perfectly fine. And I say, in a market where there's currently (and practically always) the looming danger that the value of BTC goes through half, securing FIAT profits is not that bad an idea.

If you are a utopian true believer in BTC, believing it will go to 1 million USD per coin no matter what, yeah obviously don't sell then.

Another minor movement on MtGox, and Bitstamp is borderline unreachable.

I'm this close to being fed up with it and taking my business elsewhere. This close: >|--|<

Edit// No, it is _completely_ unreachable.

Edit2// Lol this is how their engine looked as they came back online. No way this is how it's supposed to be, imo.



Also, I don't get it.. Don't they understand how much they miss in fees by being offline during high volume volatile movements in the bitcoin market? Would this not be enough incentive for them to get their shit together?

Bitstamp withdrawals is fine.

BTC-e deposits are broken afaik.

Seems like no new money into BTC-e is a larger issue.

I noticed this too, and I had enough volume for 0.2 as well. I did some trades and calculated the fee, and it does deduct 0.2% and not 0.5, even though the account says.

I'm talking about the fast movements. Gox leads, Stamp follows, is what I was trying to convey.

I really shouldn't discuss my observations as they're making me a ton of money, but I'll give you this one:

Every time the Gox order book shows sufficient depth on the buying side, Bitstamp makes a run after Gox' price, like in the last 20 minutes.

It's crystal clear, to me at least, that someone has successfully found a way to do arbitrage between Gox ans Bitstamp. Probably a big player with a private deal at Gox for withdrawals.

Some seem to believe it does. Obviously Ekaros hinted at that by mentioning 'real market cap'. Bitcoin has not enough liquidity to live up to that number of 9 Billion, not even close. That number by 50 is what you could get out if you wanted, maybe.

You must be an absolute fool to believe that 9.2 billion USD actually flowed into Bitcoin.

Withdrawal of 1000 USD just confirmed. That is within a few hours. Lol.

Will probably see it on my account in the next few days then, will keep you updated but I thoroughly believe Bitstamp has it's shit together, unlike Gox.

After day-trading for a few months to make an amount of USD i'm decently happy with, I'm now day-trading and leaving all my profits in BTC.

It's just one of the strategies.

Though Ripple is centralized - does this not beat the purpose of Bitcoin entirely? In essence we'll have created a commodity like gold, but NOT a currency.