byronbb
Legendary
 Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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June 21, 2013, 01:38:52 AM |
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If you sold coins at bitstamp at 100 then why not buy them back at 95?
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 21, 2013, 01:40:39 AM |
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Back down to 90 on Bitstamp - what is going on? This is the order book:  LMAO |
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solex
Legendary
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Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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June 21, 2013, 01:43:26 AM |
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Did bitstamp rely a lot on aurumxchange? Still 109 on cavirtex: https://www.cavirtex.com/orderbook |
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Frozenlock
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June 21, 2013, 01:46:39 AM |
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Back down to 90 on Bitstamp - what is going on? This is the order book: LOL! In other words, if you were expecting to sell bitcoins there...  |
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rdsc
Newbie
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Activity: 42
Merit: 0
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June 21, 2013, 01:51:55 AM |
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LOL! In other words, if you were expecting to sell bitcoins there... Just sold my $95.18 back in at $99.16 - $95 is too expensive. |
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nmersulypnem
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June 21, 2013, 01:56:00 AM |
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Back down to 90 on Bitstamp - what is going on? This is the order book: LOL! In other words, if you were expecting to sell bitcoins there... Just sold my $95.18 back in at $99.16 - $95 is too expensive. At this price, I'd rather take the chance and keep my fiat in MtGox. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 21, 2013, 01:58:26 AM |
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Back down to 90 on Bitstamp - what is going on? This is the order book: LOL! In other words, if you were expecting to sell bitcoins there... Just sold my $95.18 back in at $99.16 - $95 is too expensive. At this price, I'd rather take the chance and keep my fiat in MtGox. there's no sense in holding fiat at MtGox... MtGox will be at 180 in 6 business days |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 21, 2013, 02:00:28 AM |
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ArticMine
Legendary
Offline
Activity: 2282
Merit: 1050
Monero Core Team
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June 21, 2013, 02:08:37 AM |
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... there's no sense in holding fiat at MtGox...
MtGox will be at 180 in 6 business days
Or maybe some bears from Europe will show up on MTGox a lot sooner. They are likely asleep now. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 21, 2013, 02:13:32 AM |
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... there's no sense in holding fiat at MtGox...
MtGox will be at 180 in 6 business days
Or maybe some bears from Europe will show up on MTGox a lot sooner. They are likely asleep now. i'm not going to ask if the MtGox EUR market is sperate from the MtGox USD market, because I fear my head will explode if i do |
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ArticMine
Legendary
Offline
Activity: 2282
Merit: 1050
Monero Core Team
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June 21, 2013, 02:18:51 AM |
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... there's no sense in holding fiat at MtGox...
MtGox will be at 180 in 6 business days
Or maybe some bears from Europe will show up on MTGox a lot sooner. They are likely asleep now. i'm not going to ask if the MtGox EUR market is sperate from the MtGox USD market, because I fear my head will explode if i do They are not separate. https://support.mtgox.com/entries/20800336-Multi-Currency-Trading, which is why there may be some very interesting action in a few hours. |
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nmersulypnem
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June 21, 2013, 02:27:29 AM |
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... there's no sense in holding fiat at MtGox...
MtGox will be at 180 in 6 business days
Or maybe some bears from Europe will show up on MTGox a lot sooner. They are likely asleep now. i'm not going to ask if the MtGox EUR market is sperate from the MtGox USD market, because I fear my head will explode if i do They are not separate. https://support.mtgox.com/entries/20800336-Multi-Currency-Trading, which is why there may be some very interesting action in a few hours. They are quasi-the-same. Meaning the offers placed on the EUR book, also appear on the USD book. However, since they appear at a 2.5% discount (currency-exchange fee) they aren't really competitive. I think most big players play on the USD book since it has the most liquidity. Either way, yeah, we may see movement in ~5 hrs when London wakes up. |
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inbox
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June 21, 2013, 02:32:36 AM |
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Whats up with clarkmoody, orders are flowing like diarrhea.
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ArticMine
Legendary
Offline
Activity: 2282
Merit: 1050
Monero Core Team
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June 21, 2013, 02:37:51 AM |
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With BitStamp trading as low as 90 USD while MTGox held at over 109 USD this is a huge spread when compared to a 2.5% exchange fee between USD and EUR
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solex
Legendary
Offline
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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June 21, 2013, 02:40:10 AM |
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With BitStamp trading as low as 90 USD while MTGox held at over 109 USD this is a huge spread.
Theory. With USD withdrawals delayed for up to 2 weeks on gox, people who need the US dollars (and don't have an account in another major currency) are moving coins to bitstamp and carpet-bombing the bids. |
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nmersulypnem
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June 21, 2013, 02:49:04 AM |
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With BitStamp trading as low as 90 USD while MTGox held at over 109 USD this is a huge spread.
Theory. With USD withdrawals delayed for up to 2 weeks on gox, people who need the US dollars (and don't have an account in another major currency) are moving coins to bitstamp and carpet-bombing the bids. I think most people at this point are speculators who don't *need* this cash day-to-day. The panic is speculation driven, not cash flow driven. |
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ArticMine
Legendary
Offline
Activity: 2282
Merit: 1050
Monero Core Team
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June 21, 2013, 02:50:17 AM |
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With BitStamp trading as low as 90 USD while MTGox held at over 109 USD this is a huge spread.
Theory. With USD withdrawals delayed for up to 2 weeks on gox, people who need the US dollars (and don't have an account in another major currency) are moving coins to bitstamp and carpet-bombing the bids. Yes this is true but it also creates the opportunity to arbitrage using Euros by placing trades on the MTGox Euro market that get executed on the MTGox US dollar market effectively withdrawing the US dollars out of MTGox as Euros. |
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dexX7
Legendary
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Activity: 1106
Merit: 1026
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June 21, 2013, 02:52:46 AM |
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I was wondering: why would anyone set up a wall on 99.80, when there is no almost depth till 90? I'd say there might be a dumping round 2 on Bitstamp.
But it's strange. If those were goxcoins, why would they take such a high price difference? Or was cashing out via gox never intended at all and high rollers knew already, that they have to use another exchange? Well okay, they didn't buy at 114.48 and sold at 90 of course - it's something inbetween and maybe not that huge difference at all.
But it's all speculation..
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