Davyd05
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June 11, 2014, 10:20:28 PM |
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just switched to btce from stamp.
and you trust those anonymous russians operating from bulagria more than known people? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) The FUD runs strong in the fearful bloodstream. The fact a price divergence has caused them to get so ancy shows they haven't vetted the exchanges they chose. Nor are willing to do so with the next choice...I have some alts on btc-e not knocking them, stamp was my first choice when thinking of not nationally based exchanges...Canada has two great choices IMO. VoS and CaVirtEx
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Bitcopia
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June 11, 2014, 10:21:50 PM |
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just switched to btce from stamp.
and you trust those anonymous russians operating from bulagria more than known people? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Known people including Pantera hedge fund. Also, if Bitstamp was having problems, would you sell you BTC for fiat that is much more difficult to withdraw? No. Price discrepancy should be to the upside if people are panicking to get their money out.
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HerrAndreas
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June 11, 2014, 10:22:08 PM |
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can anyone give me a reason why someone is dumping such an amount on bitstamp?
I simply don´t get it. To me it seems like burning money.
Two possible reasons: - manipulation - someone wants price to go down (how succesfull will be seen after he will buy back); - something is wrong - means someone knows something. So if I get the idea right for the manipulation scenario to be successful people need to panic sell after the initiating dump has finished to push the price even lower to a level where buying back in makes any sense (profit). I can only see this working if people can be convinced of scenario No. 2. For scenario 2 to be true it would have to be something not only wrong but also imminent. Otherwise a slower selling approach would give more fiat. So if bitcoin has not ended by tomorrow morning (technically broken or banned in relevant markets) it was just pure market manipulation. either way, I wish I had more fiat at stamp right now...
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Wandererfromthenorth
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June 11, 2014, 10:22:20 PM |
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Yeah Bitfinex might be a better choice than BTC-E, a very legit operation. But for the time being I think anything is better than stamp.
The bitstamp/bitfinex spread is getting huge. Very strange. FFS!! I'll try to answer here: we used to include Bitstamp orderbook into our own orderbook for liquidity purpose. In other words, we were arbitraging between our own platform and Bitstamp. However as we continue to grow we decided to slowly (and I insist on "slowly" withdraw this arbitraging program to let people do the arbitraging themselves. This is why you started to see a difference between the price on our platform and Bitstamp, as arbitraging for third parties is interesting only after a certain threshold (around 1% like now is not a very good opportunities). http://www.reddit.com/r/BitcoinMarkets/comments/27vq6b/why_the_large_difference_between_bitstamp_and/ci533wgDude, we have seen that lol The point is that this explanation doesn't account for the magnitude of the spread and the sporadical dumps that other exchanges don't follow as closely like they used to (they do that with a delay), like derpinheimer pointed out. I know that people have invested in Bitstamp, that it has been around blah blah, the point is that the signs are there, like they were there with gox. Considering you could lose a fortune for now just GTFO and run for your life until the situation gets clearer. If you don't trust other exchanges and you don't wanna sell just put it in cold storage FFS!
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Wandererfromthenorth
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June 11, 2014, 10:23:55 PM |
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just switched to btce from stamp.
and you trust those anonymous russians operating from bulagria more than known people? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Known people including Pantera hedge fund. Also, if Bitstamp was having problems, would you sell you BTC for fiat that is much more difficult to withdraw? No. Price discrepancy should be to the upside if people are panicking to get their money out. Right before Gox halted withdrawals price began to gradually decrease for no apparent reason. I wouldn't count on that reasoning...
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Bitcopia
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June 11, 2014, 10:24:03 PM |
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Yeah Bitfinex might be a better choice than BTC-E, a very legit operation. But for the time being I think anything is better than stamp.
The bitstamp/bitfinex spread is getting huge. Very strange. FFS!! I'll try to answer here: we used to include Bitstamp orderbook into our own orderbook for liquidity purpose. In other words, we were arbitraging between our own platform and Bitstamp. However as we continue to grow we decided to slowly (and I insist on "slowly" withdraw this arbitraging program to let people do the arbitraging themselves. This is why you started to see a difference between the price on our platform and Bitstamp, as arbitraging for third parties is interesting only after a certain threshold (around 1% like now is not a very good opportunities). http://www.reddit.com/r/BitcoinMarkets/comments/27vq6b/why_the_large_difference_between_bitstamp_and/ci533wgDude, we have seen that lol The point is that this explanation doesn't account for the magnitude of the spread and the sporadical dumps that other exchanges don't follow as closely like they used to (they do that with a delay), like derpinheimer pointed out. I know that people have invested in Bitstamp, that it has been around blah blah, the point is that the signs are there, like they were there with gox. Considering you could lose a fortune for now just GTFO and run for your life until the situation gets clearer.If you don't trust other exchanges and you don't wanna sell just put it in cold storage FFS! Ok, so if you want to get out of Stamp, are you going to dump your coins to get fiat that is considerably more difficult to withdraw? No.
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pinky
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June 11, 2014, 10:24:30 PM |
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Bitcoin has bipolar disorder - biitstamp & btc-e are bearish, huobi & bitfinex are bullish. Which part will prevail?
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Erdogan
Legendary
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June 11, 2014, 10:24:49 PM |
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My Pink Panther joke was deleted.
Apologies to any who were offended.
I posted C C M F a few days ago & it got deleted. I also apologize to those who were offended Why apologize for something like that? It seems to me that rave and anger would be more appropriate.
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bitcoinsrus
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June 11, 2014, 10:27:36 PM |
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Yeah Bitfinex might be a better choice than BTC-E, a very legit operation. But for the time being I think anything is better than stamp.
The bitstamp/bitfinex spread is getting huge. Very strange. FFS!! I'll try to answer here: we used to include Bitstamp orderbook into our own orderbook for liquidity purpose. In other words, we were arbitraging between our own platform and Bitstamp. However as we continue to grow we decided to slowly (and I insist on "slowly" withdraw this arbitraging program to let people do the arbitraging themselves. This is why you started to see a difference between the price on our platform and Bitstamp, as arbitraging for third parties is interesting only after a certain threshold (around 1% like now is not a very good opportunities). http://www.reddit.com/r/BitcoinMarkets/comments/27vq6b/why_the_large_difference_between_bitstamp_and/ci533wgDude, we have seen that lol The point is that this explanation doesn't account for the magnitude of the spread and the sporadical dumps that other exchanges don't follow as closely like they used to (they do that with a delay), like derpinheimer pointed out. I know that people have invested in Bitstamp, that it has been around blah blah, the point is that the signs are there, like they were there with gox. Considering you could lose a fortune for now just GTFO and run for your life until the situation gets clearer. If you don't trust other exchanges and you don't wanna sell just put it in cold storage FFS! Oh noes, we are about to get stamp'd ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fmedia1.s-nbcnews.com%2Fj%2Fmsnbc%2FComponents%2FPhoto_StoryLevel%2F080710%2F080710-bulls-hmed-530a.grid-6x2.jpg&t=665&c=FoVYIJfVvtNbmQ)
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Wandererfromthenorth
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June 11, 2014, 10:29:40 PM |
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For the millionth time guys, I personally think that a "stamping" is an IMPROBABLE scenario, I'm not trying to spread FUD, I'm just trying to convince people to play safe and not risk to lose a fortune for no reason other than laziness.
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Bagatell
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June 11, 2014, 10:31:02 PM |
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I'm not trying to spread FUD
Then give us some facts.
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BTCfan1
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June 11, 2014, 10:31:31 PM |
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is a price difference between exchanges normal? Ive noticed that huobi always seems to be 10-15$USD above Stamp...
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MoreFun
Legendary
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WePower.red
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June 11, 2014, 10:31:54 PM |
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Problem with stamp IMHO is in low new fiat and strong selling (minners and cashouters). Was also visible in the previous bubble, when bfx didn't have cash at stamp growth stopped completly.
And the dumper knows that.
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Bitcopia
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June 11, 2014, 10:32:27 PM |
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For the millionth time guys, I personally think that a "stamping" is an IMPROBABLE scenario, I'm not trying to spread FUD, I'm just trying to convince people to play safe and not risk to lose a fortune for no reason other than laziness.
Ok that makes sense. But that goes for all third party wallets. I have coins that I'm going to leave on stamp, but it's less than 10% of my coins that I use for short term trading. If you have a large portion of your coins on any third party wallet, you're taking a huge risk.
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RUEHL
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June 11, 2014, 10:35:28 PM |
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More FUD.
Coinbase cancelled my last 2 orders, my first cancellations in over 30 trades.
Cited risk.
But they do get their BTC from Stamp. Maybe orders arn't being fulfilled?
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Wandererfromthenorth
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June 11, 2014, 10:37:06 PM |
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I'm not trying to spread FUD
Then give us some facts. I already did -invasive info for fiat withdrawals, while other exchanges don't do such a thing -delayed BTC withdrawals (it took me all day to withdraw the BTCs I bought two weeks ago) -huge price difference -sporadical dumps that other don't follow right away Might be nothing in the end (as I said i don't think we'll see a stamping, but it's not worth the risk to keep btc there for now), but fishy.
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Wandererfromthenorth
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 11, 2014, 10:39:06 PM |
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Anyway, today we are supposed to see the weekly MACD candle right?
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mmitech
Legendary
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things you own end up owning you
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June 11, 2014, 10:40:40 PM |
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why such stamp FUD? Really, I don't see signs why there are problems at that exchange...
Then you need to open your eyes. Please try to make sense of how this is actually just normal. Remember how gox had the most irrational trading going on the last month before it closed? Well, it might not be the case, but do you want to keep your coins there? And I seem to remember Gox being the exchange that was priced higher than all the rest and we now know the reason for that. People seem to siding with 'nice' Bitfinex because they aren't dumping and they have been trying to break out, and their price is $20 higher than on Stamp. But of all the exchanges, Stamp is the least likely to Gox is customers. On Stamp there is no leverage, no complex trading options, and thus far less opportunity for profit to be made from insider trading, painting the tape, etc. Bitfinex on the otherhand......oo-er! A problem with Stamp in recent times has been actually getting money onto the exchange due to their anal-probesque KYC procedures.....Never had problems getting money off the exchange, even when I told them to ram their KYC. But sorry, out of all the exchanges out there, Stamp is the most stable and reliable one. What I find so peculiar, is why aren't there traders out there who are pouncing on the glut of 'cheap' coins on Stamp and arb-ing them on Bitfinex. These BTC for sale some $20 cheaper on Stamp are real BTC, that can be bought with real money, which can be sent over to Bitfinex and can be sold for an instant $20 easy profit. I aint doing it cos I only got few grand in Bitcoin and I would rather not do my trading on Bitfinex as I don't trust and like the place. Also, isn't it funny that Stamp has been the most expensive exchange for weeks and weeks, until we get right to the end of a no doubt highly leveraged ramp up? Isn't it funny how Huobi and Bitfinex have both made break out attempts but stopped when they seen that Stamp wasn't budging? If these whales on Bitfinex and Huobi think that $15-$20 more expensive BTC than on Stamp is worth ramping, then why aren't they buying the cheaper BTC on Stamp (whales have accounts on all exchanges)? I agree, I find this strange as well.
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MatTheCat
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June 11, 2014, 10:40:42 PM |
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Just fkn repeating myself...though it was another thread.
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