Bitstamp now $44 behind Chinese exchanger

[vFdFJO]

What a huge diff

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[bitbunnny]

Sometimes this big differencies could happ although no so often anymore, the prices are usualy more or less equal.
This is great opportunity to make some money on arbitrage gradina but you have to be quick and prepared otherwise you can miss your chance for earning.
Take a chance.

[~Bitcoin~]

This may be just because all this buy force are coming from china and for chinese they will trade on chinese exchanger rather than in bitstamp or coinbase. But eventually after next few hours price will be almost same in all of the exchangers. Orderbook need some time to get adjusted according to markets.

Gap have already been down to near $20 right now.

[Lucius]

It should take some time to comes to equalization of price on all exchanges,and if check now you will see that price is around 730$ on most exchanges.BitFinex and Bitstamp are almost completely equalized.

For some quick traders this is a good opportunity to make some profit,nothing strange in the world of Bitcoin

[amacar2]

https://bitcoinwisdom.com/

Bitstamp 729.76
 BTC-e 720.73
 Bitfinex 731.05
Huobi 752.01/5170.46

There will always be gap between two exchange platforms not only between chinese and non-chinese platform. Price in btc-e, bitstamp and bitfinex also differs always which most of the time depends upon the trading volume, number of traders, deposit/withdraw option trading platform have. This is normal..

[InvoKing]

https://bitcoinwisdom.com/

Bitstamp 729.76
 BTC-e 720.73
 Bitfinex 731.05
Huobi 752.01/5170.46

There will always be gap between two exchange platforms not only between chinese and non-chinese platform. Price in btc-e, bitstamp and bitfinex also differs always which most of the time depends upon the trading volume, number of traders, deposit/withdraw option trading platform have. This is normal..

Indeed, see the difference in tradeblock and especially between the Chinese and the others

Bitstamp USD 739.69
Bitfinex USD 742.54
GDAX USD 737.52
itBit USD 743.00
OKCoin USD 745.74
Gemini USD 739.99
BTC-e USD 729.27
Kraken EUR 695.25
BTCC CNY 5,298.37    USD 774.13
OKCoin CNY5,366.46  USD 784.08
Huobi CNY 5,362.30    USD 783.47

[minerjoen]

China is always leading the pumps

[richardsNY]

No real surprise. Whales there have so much power on the major Chinese exchanges, that people even combined can't hold these whales back. Right now there are two options possible, Western exchanges will either catch up slowly, or Chinese exchanges will come down to match the price on Western exchanges. However, even though Chinese exchanges are having a much higher price, if the price in China comes down, Western exchanges will also come down. It's basically a cat and mouse game.

[n691309]

What a huge diff

Actually there is always a difference between chinese exchangers and other exchangers and this is not something that happens rare or to spend much time exploring why this happens.

[bajing]

Actually this is not a strange thing, we always look at the price difference every bitcoin exchange because bitcoin price is not fixed.

[cpfreeplz]

Every exchange takes different currencies and charges different fees. In the end they'll even out when enough people take advantage of arbitrage.

[ipanks]

https://bitcoinwisdom.com/

Bitstamp 729.76
 BTC-e 720.73
 Bitfinex 731.05
Huobi 752.01/5170.46

There will always be gap between two exchange platforms not only between chinese and non-chinese platform. Price in btc-e, bitstamp and bitfinex also differs always which most of the time depends upon the trading volume, number of traders, deposit/withdraw option trading platform have. This is normal..

Indeed, see the difference in tradeblock and especially between the Chinese and the others

Bitstamp USD 739.69
Bitfinex USD 742.54
GDAX USD 737.52
itBit USD 743.00
OKCoin USD 745.74
Gemini USD 739.99
BTC-e USD 729.27
Kraken EUR 695.25
BTCC CNY 5,298.37    USD 774.13
OKCoin CNY5,366.46  USD 784.08
Huobi CNY 5,362.30    USD 783.47

OKCoin and Huobi is lead for the price. i think its because price of bitcoin is not already stable so there is a big gap between the market. i only thinking about i think we can make some profit when we trying to make arbit but the risk is arbit takes a time before its arrive in the wallet.

[pooya87]

https://bitcoinwisdom.com/

Bitstamp 729.76
 BTC-e 720.73
 Bitfinex 731.05
Huobi 752.01/5170.46

There will always be gap between two exchange platforms not only between chinese and non-chinese platform. Price in btc-e, bitstamp and bitfinex also differs always which most of the time depends upon the trading volume, number of traders, deposit/withdraw option trading platform have. This is normal..

Indeed, see the difference in tradeblock and especially between the Chinese and the others

Bitstamp USD 739.69
Bitfinex USD 742.54
GDAX USD 737.52
itBit USD 743.00
OKCoin USD 745.74
Gemini USD 739.99
BTC-e USD 729.27
Kraken EUR 695.25
BTCC CNY 5,298.37    USD 774.13
OKCoin CNY5,366.46  USD 784.08
Huobi CNY 5,362.30    USD 783.47

OKCoin and Huobi is lead for the price. i think its because price of bitcoin is not already stable so there is a big gap between the market. i only thinking about i think we can make some profit when we trying to make arbit but the risk is arbit takes a time before its arrive in the wallet.

you need to be able to trade on both exchanges in different countries with different currencies (fiat) to be able to do arbitrage trading, and that is why the price doesn't balance itself fast because people can not do this without having access to both USD and CNY and being able to deposit/withdraw both of them.

[Gahs]

Though Chinese exchanges lead the pump, they have high trading fees. Bter's btc withdrawal fee is the highest I have seen so far - 0.0006btc

[cakravothy]

Ussualy china market still leading bitcoin price
because in there huobi and okcoin still leading in market the best volume transaction
if bitstamp lead price, only several hour or minute can take over again in china exchanger

[1Referee]

Though Chinese exchanges lead the pump, they have high trading fees.

No, you are mixing things up. The major Chinese exchanges work with zero fees when it comes to their trading platform.

Bter's btc withdrawal fee is the highest I have seen so far - 0.0006btc

First of all, bter is a shitty exchange that no one should trust after all the incidents that happened. Second, 0.0006BTC as withdrawal fee isn't that high. Especially when you consider that the average transaction fee that pools see as interesting enough to include your transaction into their block, has gone up immensely. If people execute a withdrawal, they want it to confirm quickly. That's mostly only possible with fees in the category of +0.0005BTC. BTC-E which I have been working for since very early 2013, handles withdrawal fees of 0.001BTC. In that regard, the 0.0006BTC fee that bter is working with, isn't that high after all.

[error08]

https://bitcoinwisdom.com/

Bitstamp 729.76
 BTC-e 720.73
 Bitfinex 731.05
Huobi 752.01/5170.46

There will always be gap between two exchange platforms not only between chinese and non-chinese platform. Price in btc-e, bitstamp and bitfinex also differs always which most of the time depends upon the trading volume, number of traders, deposit/withdraw option trading platform have. This is normal..

Indeed, see the difference in tradeblock and especially between the Chinese and the others

Bitstamp USD 739.69
Bitfinex USD 742.54
GDAX USD 737.52
itBit USD 743.00
OKCoin USD 745.74
Gemini USD 739.99
BTC-e USD 729.27
Kraken EUR 695.25
BTCC CNY 5,298.37    USD 774.13
OKCoin CNY5,366.46  USD 784.08
Huobi CNY 5,362.30    USD 783.47

The gap to far around $45, Chinese exchanges more profitable that proof of their progress in bitcoin development.
I think when inflation of CNY do affect the price of btc there.

[Kanapka]

There are some differences between rates of conversion

Bitstamp shows $774 but the app Bitcoin Checker shows $742.02

Dunno who is right or wrong and how they do the conversion

Better not use conversion rates to compare between exchanges if you don't know exactly what are you doing

[synthgauge]

Stamp needs a margin if they still want to boost their business in this space.

Had a meaningful volume only when finex halted the trading entirely for two hours during the dump last week.

At least it got a better interface.

[cpfreeplz]

There are some differences between rates of conversion

Bitstamp shows $774 but the app Bitcoin Checker shows $742.02

Dunno who is right or wrong and how they do the conversion

Better not use conversion rates to compare between exchanges if you don't know exactly what are you doing

That's because your app is using a different exchange to base the rate on rofl. Seriously? You didnt get that? Oh my... Well anyways that's exactly how people come across these. Preev says X Bitstamp says X+15 and the Chinese exchanges say X+35... Wtf!?