Bitstamp $20 behind Bitfinex, why?

[Pvram_vnl]

Bitstamp is now $20 lagging behind Bitfinex, $7 behind BTC-e. why? Bitstamp is going down?

[cpfreeplz]

Clearly because every exchange isn't used by the sake peoples therefore doesn't haven't the same price. Maybe you should be buying and selling until the margin is too small to make a profit instead of coming here asking a question where there could be 1000 different answers and who knows which one is true!

[harrymmmm]

Two components:
1) sudden rise is caused by big players with accounts on the exchanges that rise quickly. Arbitrage bots are always running and will even out the exchange prices rapidly.

and

2) Even after the exchanges have come to an equilibrium via arbitrage, there will still be differences - mainly due to difficulty of arbitrage. Speed of transfer of fiat and btc in/out for example.

[Pvram_vnl]

Two components:
1) sudden rise is caused by big players with accounts on the exchanges that rise quickly. Arbitrage bots are always running and will even out the exchange prices rapidly.

and

2) Even after the exchanges have come to an equilibrium via arbitrage, there will still be differences - mainly due to difficulty of arbitrage. Speed of transfer of fiat and btc in/out for example.

That's way too much difference, bitstamp could be shaddy.

[richardsNY]

It's an attempt by Bitfinex to regain traders as they will be attracted by that higher price. No matter what happens, I will never go back to an exchange that messed up so badly. Even stronger, I don't even know why people still take that exchange seriously. I wouldn't be surprised when another bit of drama comes along the traders there. Better safe than sorry. Stay away.

[BrewMaster]

Bitstamp is now $20 lagging behind Bitfinex, $7 behind BTC-e. why? Bitstamp is going down?

it is only $13
so maybe it was a temporary thing.

and this happens whenever there is big rise like this that happens suddenly. it takes time to reach an equilibrium.

[ivanst776]

Bitstamp is now $20 lagging behind Bitfinex, $7 behind BTC-e. why? Bitstamp is going down?

I check the bitcoin price on coindesk/price and at the same time I can see the difference between exchanges.

For example itBit and OKCoin exchange have a difference of $17, which we can't control it but buyer and sellers there decide when to sell or buy and so the price changes.

If you are not satisfied to sell on one exchange you can move the funds between exchanges and sell or buy them.

[bitjoin]

Bitstamp is now $20 lagging behind Bitfinex, $7 behind BTC-e. why? Bitstamp is going down?

Normally i'd think its an issue but china is higher than finex so looks like stamp and BTCe are lacking fiat today.  Its the weekend maybe they haven't had enough deposits in.

[wikenpp]

Bitstamp is now $20 lagging behind Bitfinex, $7 behind BTC-e. why? Bitstamp is going down?

Normally i'd think its an issue but china is higher than finex so looks like stamp and BTCe are lacking fiat today.  Its the weekend maybe they haven't had enough deposits in.

Traders are less likely to see an increase like the traders on finex. BTC-E is always lagging btw.
Most of the times i check the price at kraken, whenever an up is coming they always are the fastest which gives me a head start to buy more bitcoins and earn on that rise.

Probably in a few hours you will see that the prices are the same again.

[bitebits]

It's an attempt by Bitfinex to regain traders as they will be attracted by that higher price. [...] Stay away.

Or it is because Bitfinex asking to return the supposedly stolen bitcoins, indicating insolvency perhaps?
Bitcoins tend to transfer out of the exchange much quicker than fiat.

[...] china is higher than finex [...]

Might have something to do with insider knowledge about increasing the current tx/s cap?

[kwukduck]

Taking crazy profits in arbitrage here. Keep it up.

[pooya87]

it is interesting to see the price still has the difference despite the fact that more than a day has passed since the difference started to show up.

~~

[...] china is higher than finex [...]

Might have something to do with insider knowledge about increasing the current tx/s cap?

that may be, but Chinese exchanges are usually trading bitcoin in higher prices from time to time. even the difference is sometimes too big.

[1Referee]

Or it is because Bitfinex asking to return the supposedly stolen bitcoins, indicating insolvency perhaps?
Bitcoins tend to transfer out of the exchange much quicker than fiat.

If that is really the case, then it means people are cashing out their coins on a massive scale. Again, if that's really the case, then these people are doing the right thing. Every coin kept on that exchange is one too many. The only downside of this is that the market will experience a massive blow once again later this year, or perhaps next year. What if they turn into the next MtGox making it impossible for people to cash out anything? They can simply state that their exchange is undergoing a thorough investigation by the FBI for example, and thus in that period they can't process cashouts...

Taking crazy profits in arbitrage here. Keep it up.

You're making crazy pofits with something that is (according to you) fundamentally broken. Not bad ha? You are pathetic and you know that.

[uki]

It's an attempt by Bitfinex to regain traders as they will be attracted by that higher price. No matter what happens, I will never go back to an exchange that messed up so badly. Even stronger, I don't even know why people still take that exchange seriously. I wouldn't be surprised when another bit of drama comes along the traders there. Better safe than sorry. Stay away.

Agree. Bitstamp has been rock solid for a long time. I believe it's the most trustworthy exchange out there.

I would say it a mistake to trust any of the exchanges at the moment. You are safe as long as nothing happens, but once things start to go wrong there is hardly anything that can help you. therefore the only rule is to keep your money out of exchanges for as much time as possible.

[ArdiPrabowo]

iam only say compare witt bitfinex
because bitfienx open service margin trading so price  can diference
same with okcoin margin trading or bitfimex, is wave price is very fast and price diference its another exchanger

[maku]

$20 price difference is nothing - simple truth: different exchanges, different prices. You would be surprised how some local exchanges are lagging behind main course.
Until it is some drastic price difference, it can be anything, main reason - a whale dumping coins and people following him, because logic.

[BitcoinHodler]

ever since bitfinex was hacked and came back from the dead, everything about them is strange or at least they seem strange to me.

if you remember, after they came back online the first strange thing was them being in the top 3 exchanges sorted by daily volume!!

and now this big price difference!

[~Bitcoin~]

I think the price difference is normal between exchanges and there are different things acting together to cause this. Talking about bitfinex i think the volume they have is always strange and remain always high even for sure they have lost many of their real big traders recently after they got hacked.

Right now if you look at the chart, bitstamp is only behind 7$ and only <1$ behind btc-e. I don't care much the price each exchanger have, but security they have is main thing to consider and for sure i don't gonna trust bitfinex again.

[talkbitcoin]

I remember that towards its end Mtgox had a higher BTC price than the other exchanges.

interesting but i don't think it is applicable here. because
- mtgox was fake pumping bitcoin with a huge rise and it is known that they had bots for that
- mtgox was like the only exchange back then
- the price is already the same with a little difference and Chinese are a bit higher.

[virasog]

I remember that towards its end Mtgox had a higher BTC price than the other exchanges.

interesting but i don't think it is applicable here. because
- mtgox was fake pumping bitcoin with a huge rise and it is known that they had bots for that
- mtgox was like the only exchange back then
- the price is already the same with a little difference and Chinese are a bit higher.

Mtgox was not the only exchange, Bitstamp was already around.

there is always a difference of bitcoin price at difference exchanges. Even if you check at preev.net, you will find some $5 difference. I think $20 Price difference is somewhat more than expected.

In the broader look, this does not matter much.