BITSTAMP eXchange wall Observer. second biggest and best exchange

[adamstgBit]

Interesting to see whether Gox will follow Bitstamp now. This looks like an arbitrage effect between BTC-e and Bitstamp. Everyone wants to participate in the LTC pump on BTC-e so the demand for BTC there drops and so does the price.

interesting,

i would speculate that people are buying LTC in hopes of turning a quick BTC profit from it.

Pop the popcorn, this gana be good 

[1713563280]

1713563280

[1713563280]

1713563280

[1713563280]

1713563280

[1713563280]

1713563280

[1713563280]

1713563280

[adamstgBit]

ok now panic 

[thoughtfan]

Ooh, this I find fascinating - OK, I know it's small volumes overall but interesting nevertheless:

[Miz4r]

Good thing I already saw this coming and sold at 130 earlier.

[adamstgBit]

Good thing I already saw this coming and sold at 130 earlier.

did you buy back yet?

[ElectricMucus]

ok now panic 

You're an evil bastard.

[adamstgBit]

ok now panic 

You're an evil bastard.

lol!

[Miz4r]

Good thing I already saw this coming and sold at 130 earlier.

did you buy back yet?

Nope not yet, I'm waiting this one out a bit. I am planning to buy back at 110-115 or so, depends how things unfold from here.

[Miz4r]

So MtGox is actually following Bitstamp now, nice.

[Walsoraj]

So MtGox is actually following Bitstamp now, nice.

this makes potential crash worse because bitstamp has very little bid depth. I suspect gox stops following $50-60ish range, or if not we gonna crash to single digits.

[Miz4r]

So MtGox is actually following Bitstamp now, nice.

this makes potential crash worse because bitstamp has very little bid depth. I suspect gox stops following $50-60ish range, or if not we gonna crash to single digits.

It's not going down that far you silly drama Queen. We just needed a correction very badly.

[Walsoraj]

So MtGox is actually following Bitstamp now, nice.

this makes potential crash worse because bitstamp has very little bid depth. I suspect gox stops following $50-60ish range, or if not we gonna crash to single digits.

It's not going down that far you silly drama Queen. We just needed a correction very badly.

But you must admit, if Gox is truly following Bitstamp, this is not bullish at all due to lack of bid depth.

*edit*

Just checked bid depth and sum on both and WOW. Bistamp has a mere total bid sum of 1.3 million compared to about 13 millon gox. Huge sell on Bitstmap, would cause MASSIVE slippage. You bulls better pray Gox stops following Stamp.

[Walsoraj]

So MtGox is actually following Bitstamp now, nice.

this makes potential crash worse because bitstamp has very little bid depth. I suspect gox stops following $50-60ish range, or if not we gonna crash to single digits.

It's not going down that far you silly drama Queen. We just needed a correction very badly.

But you must admit, if Gox is truly following Bitstamp, this is not bullish at all due to lack of bid depth.

Even with lack of bid depth there is not a lot of sell depth either, small correction, and within a few days back to challenging that wall at 135.  Someone took some profits in number of Bitcoins as that wall would not drop.

Yea and how often does Gox follow Stamp UP? Gox following Stamp on way down, but not up is scary...

[prophetx]

So MtGox is actually following Bitstamp now, nice.

this makes potential crash worse because bitstamp has very little bid depth. I suspect gox stops following $50-60ish range, or if not we gonna crash to single digits.

It's not going down that far you silly drama Queen. We just needed a correction very badly.

But you must admit, if Gox is truly following Bitstamp, this is not bullish at all due to lack of bid depth.

Even with lack of bid depth there is not a lot of sell depth either, small correction, and within a few days back to challenging that wall at 135.  Someone took some profits in number of Bitcoins as that wall would not drop.

Yea and how often does Gox follow Stamp UP? Gox following Stamp on way down, but not up is scary...

that would be an interesting scenario

[Comodore]

There is so much scoundrels in this topic.

[MoreFun]

Guys you better sell to this $123 buying guy at stamp - this thing is going down on stamp - there is no depth.

[Jhantor]

This bizarre little mini-crash that happened today is the result of two events:

1) The 5k buy at Mtgox yesterday pushing the price to $148.9 and then creeping back to where it was before, $143.

2) The huge 2k ask wall that one or two creeps put up at Bitistamp around $131 for no good reason. Perhaps it was someone cashing out of Mtgox. Either way, it pushed all the prices down at Bitstamp even when Mtgox was steady at around $143-144.

[thoughtfan]

Edit: Please see posts below.  It is likely this was not correct!...

Now here's a situation I've not seen before!



Interesting times

[Progressive]

Your picture is wrong.
Today's range for Bitstamp: $116.07 - $127.50

[thoughtfan]

Your picture is wrong.
Today's range for Bitstamp: $116.07 - $127.50

Thank you.  Don't know how that happened.  I think you're likely to be correct that it was an anomaly in either the data on bitcoincharts.com or my screenscraping of it to my spreadsheet.  Here's how it looks now: