It seems pretty obvious that someone is cashing out big time on Stamp. Over the last days , each time the bidside got filled someones dumpin between 100-300 coins, due to the help from the bots itīs pretty hidden. They keep fillin the book with tiny buy orders after each dump.Also someone bought 268,xx, coins on Gox and nearly the same amount gets dumped on Stamp within a range of 2 minutes.
Huobi and Gox as "market leaders" are used to keep the price high/steady. I donīt know if thats bullish or bearish :-D
do you think that someone is moving their cash from gox and cashing out on stamp, BTW when you pointed out that someone bought 268 coin and after
"2 minutes" the same amount was dumped on stamp, did you mean that he moved the coins to stamp to dump there ?
you clearly dont know how Bitcoin protocol works, let me explain why I said
"2 minutes", so gox have most of the coins on cold storage and when you request a withdrawal, they basicly put your request in queuethen take funds from their cold storage and send them at once to multiple clients (who previously requested withdrawals) so this takes time, usually every 10 minutes or so.
I am not done yet, so your transaction is put in queue before getting in Blockchain, your transaction has priority depending on the paid fee, it can be confirmed in the first block or it can take couple more blocks to get the first confirmation, here comes the bitstamp part, so bitstamp needs minimum 3 confirmations which is circa 30 minute if we take a 10 min average.
conclusion, your prediction is impossible. and seriously try to read more about Bitcoin as a technology, it is more important than checking the price... this is the problem with users today, we have more speculators than people interested in the technology...
Thanks for your briefing, but iīm aware of the technology and the time that it takes to send coins. I just found it a little bit strange that during low volume action such an unusual amount of coins match each other and assumed that it is someone who is keeping bis books in order. What would you do if you have millions of dollars stuck on Gox? Pumping the price on a nearly dead exchange seems to be one possibility to cash out slowly without a huge loss. Even if you get 10% less for your coins it is still better to get 900$ instead of letīs say 400$.
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How about if the person already has the bitcoin on stamp before making his or her buy on gox, then selling the same amount on stamp? That wouldn't rely on any transfer lag...
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Thanks, thatīs what i wanted to say.
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