vinbu (OP)
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September 28, 2015, 04:45:53 PM |
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$5 differences and bitstamp is dumping hard, WHY?
Is this a bull-trap? The USD market decided to fight the fake CNY market?
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LMGTFY
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September 28, 2015, 04:53:40 PM |
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$5 differences and bitstamp is dumping hard, WHY?
Is this a bull-trap? The USD market decided to fight the fake CNY market?
I'm not seeing any evidence of dumping, hard or otherwise - could you post a graph (BitcoinCharts.com are handy for that) showing what you're seeing? Don't know about any $5 difference - could it just be exchange rate fluctuations? CNY is a lot more mobile these days, and USD is down slightly against CNY. |
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vinbu (OP)
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September 28, 2015, 04:58:58 PM |
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$5 differences and bitstamp is dumping hard, WHY?
Is this a bull-trap? The USD market decided to fight the fake CNY market?
I'm not seeing any evidence of dumping, hard or otherwise - could you post a graph (BitcoinCharts.com are handy for that) showing what you're seeing? Don't know about any $5 difference - could it just be exchange rate fluctuations? CNY is a lot more mobile these days, and USD is down slightly against CNY. CNY MARKET 1557/6.3689=244.46 USD/BTC Bitstamp was at $239.x, now its at $238 |
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LMGTFY
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September 28, 2015, 05:04:57 PM |
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$5 differences and bitstamp is dumping hard, WHY?
Is this a bull-trap? The USD market decided to fight the fake CNY market?
I'm not seeing any evidence of dumping, hard or otherwise - could you post a graph (BitcoinCharts.com are handy for that) showing what you're seeing? Don't know about any $5 difference - could it just be exchange rate fluctuations? CNY is a lot more mobile these days, and USD is down slightly against CNY. CNY MARKET 1557/6.3689=244.46 USD/BTC Bitstamp was at $239.x, now its at $238 Meh, I'd put that down to well within what I'd expect to see from FX fluctuations and the usual gaps between exchanges. Stamp was a good 2-3 dollars from Bitfinex for a several days last week - and that's with no FX to take into account. |
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vinbu (OP)
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September 28, 2015, 06:36:36 PM |
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$5 differences and bitstamp is dumping hard, WHY?
Is this a bull-trap? The USD market decided to fight the fake CNY market?
I'm not seeing any evidence of dumping, hard or otherwise - could you post a graph (BitcoinCharts.com are handy for that) showing what you're seeing? Don't know about any $5 difference - could it just be exchange rate fluctuations? CNY is a lot more mobile these days, and USD is down slightly against CNY. CNY MARKET 1557/6.3689=244.46 USD/BTC Bitstamp was at $239.x, now its at $238 Meh, I'd put that down to well within what I'd expect to see from FX fluctuations and the usual gaps between exchanges. Stamp was a good 2-3 dollars from Bitfinex for a several days last week - and that's with no FX to take into account. $237! who is dumping at bitstamp!? |
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oser41eric
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September 28, 2015, 06:37:36 PM |
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$5 differences and bitstamp is dumping hard, WHY?
Is this a bull-trap? The USD market decided to fight the fake CNY market?
No dumping hard here from what I see, where is the dump you see? We're at $238 an no dump. |
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Mickeyb
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September 28, 2015, 08:47:28 PM |
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These are just normal exchange rate fluctuations that occur almost all the time between leading exchanges. Nothing alarming here in my opinion.
Nice rise today by the way!
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roadbits
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September 29, 2015, 02:35:38 AM |
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These are just normal exchange rate fluctuations that occur almost all the time between leading exchanges. Nothing alarming here in my opinion.
Nice rise today by the way!
That's true since last couple of weeks bitcoins prices are in the range of 230 to 250 level. I too didn't see any dumping happening. It looks the bitcoin prices become more stable now days compared earlier, it used have more than 10$ variation in a day. |
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gentlemand
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Welt Am Draht
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September 29, 2015, 02:38:02 AM |
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Is this in any way unusual? I thought it happened all the time. And Bitstamp didn't earn the nickname Bearstamp for nothing.
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vinbu (OP)
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September 29, 2015, 09:49:13 AM |
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$6 differences now!
1546/6.3655=$243 bitstamp at $236.4
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LMGTFY
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September 29, 2015, 10:21:40 AM |
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$6 differences now!
1546/6.3655=$243 bitstamp at $236.4
I suspect you're one of very few people who are excited by this, but if you wanted you could try and arbitrage the difference - buy BTC at Bitstamp and then sell them at whatever Chinese exchange you're looking at for a small profit. |
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randy8777
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September 29, 2015, 11:19:38 AM |
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chinese exchanges tend to over-buy more than other exchanges. that's mostly why bitstamp, bitfinex and btc-e don't follow their path.
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johnyj
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Beyond Imagination
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September 29, 2015, 02:13:13 PM |
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It is likely the capital fleeing china through bitcoin, thus constant buy pressure in china and sell pressure in western
In theory, someone seeing the arbitraging opportunity would buy coins dumped by chinese at bitstamp and send them to okcoin sell for RMB. But since RMB are not freely convertible to USD, the trader must have some motivation to hold RMB, and RMB is going to devalue in the foreseeable future, thus the motivation is low
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Fontas Returns
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September 29, 2015, 06:11:59 PM |
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Exactly, it's not stamp dumping BTC it's the Chinese dumping RMB/yuan.
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Zombier0
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September 29, 2015, 06:20:20 PM |
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we may see 350 today
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doublemore
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September 29, 2015, 06:26:07 PM |
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$5 differences and bitstamp is dumping hard, WHY?
Is this a bull-trap? The USD market decided to fight the fake CNY market?
$5 dif can happen often, maybe china were buying tons, who knows. Even BTC-e USD market and Bitfinex change have a big difference and then be the same. |
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Fontas Returns
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September 29, 2015, 07:38:53 PM |
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What would you do if you were chinese right now and rich and your money was in RMB
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