BITSTAMP eXchange wall Observer. second biggest and best exchange

[rampantparanoia]

the gox whale has migrated to bitstamp for the winter

[eiswuerfel]

Iam working currently on a simple Stamp wall tracker:
http://walltracker.bplaced.net/bitstamp/

[endlessdark]

ASKS
Price           Amount            Value
$127.96   0.50000000           $63.98
$127.99   81.82353198   $10,472.59
$128.00   865.38759445   $110,769.61

[derpinheimer]

 Oh look, someone ate most of the bidwall. Btw that 800 ask isn't particularly large, and i  don't think its new either

[prophetx]

Oh look, someone ate most of the bidwall. Btw that 800 ask isn't particularly large, and i  don't think its new either

yea and then they bought it right back 60 seconds later for a $ less minus fees...

[derpinheimer]

Oh look, someone ate most of the bidwall. Btw that 800 ask isn't particularly large, and i  don't think its new either

yea and then they bought it right back 60 seconds later for a $ less minus fees...

History graph doesn't show any indication of that...?

[prophetx]

Oh look, someone ate most of the bidwall. Btw that 800 ask isn't particularly large, and i  don't think its new either

yea and then they bought it right back 60 seconds later for a $ less minus fees...

History graph doesn't show any indication of that...?

yes there is no way to prove that it was the same actor, but someone came in and bought 900ish right after around 1100 was dumped

[TERA]

Oh look, someone ate most of the bidwall. Btw that 800 ask isn't particularly large, and i  don't think its new either

yea and then they bought it right back 60 seconds later for a $ less minus fees...

History graph doesn't show any indication of that...?

yes there is no way to prove that it was the same actor, but someone came in and bought 900ish right after around 1100 was dumped

That would be some expensive manipulation.

Let's say he's gotten his fee all the way down to 0.25% To trade 2000 coins in both directions:

2 x 2000BTC x .0025 = 10BTC * $125/BTC = $1250.

[DavidBAL]

Oh look, someone ate most of the bidwall. Btw that 800 ask isn't particularly large, and i  don't think its new either

yea and then they bought it right back 60 seconds later for a $ less minus fees...

History graph doesn't show any indication of that...?

yes there is no way to prove that it was the same actor, but someone came in and bought 900ish right after around 1100 was dumped

That would be some expensive manipulation.

Let's say he's gotten his fee all the way down to 0.25% To trade 2000 coins in both directions:

2 x 2000BTC x .0025 = 10BTC * $125/BTC = $1250.

The cost of doing business. Expensive is a relative word...

[derpinheimer]

Oh look, someone ate most of the bidwall. Btw that 800 ask isn't particularly large, and i  don't think its new either

yea and then they bought it right back 60 seconds later for a $ less minus fees...

History graph doesn't show any indication of that...?

yes there is no way to prove that it was the same actor, but someone came in and bought 900ish right after around 1100 was dumped

Okay, so the guy sold and then put up an ask wall? Because doing an 1100 sell caused $3 slippage. A 900 buy would have probably moved the price to eating into the $128 askwall.

[thoughtfan]

Oh look, someone ate most of the bidwall. Btw that 800 ask isn't particularly large, and i  don't think its new either

yea and then they bought it right back 60 seconds later for a $ less minus fees...

History graph doesn't show any indication of that...?

yes there is no way to prove that it was the same actor, but someone came in and bought 900ish right after around 1100 was dumped

Okay, so the guy sold and then put up an ask wall? Because doing an 1100 sell caused $3 slippage. A 900 buy would have probably moved the price to eating into the $128 askwall.

Could also just be someone painting the ticker for vol, bringing stamp usd 24hr volume up to 50% which looks impressive for anyone not realising there's only peanuts being traded virtually anywhere atm.

[xxjs]

It seems USD13 is the price per bitcoin to do arbitrage between gox and stamp.

[oda.krell]

Instead of looking at walls unfiltered, I prefer to see how the bid/ask ratio changes over time. 3 days ago I posted here that this ratio went up drastically, and price followed (125 to 128).

The reversal of that ratio, starting yesterday, was even sharper. And price is already following again. Here's the corresponding 1w graph from coinorama:



How do you read this? And don't just say "manipulation", but specify what's the goal of it. 'cause it sure doesn't look like straight-forward pump-and-dump, the increase was too incremental, and there was no huge sell-off at the peak either.

I admit, I'm unsure what the reason is behind this. Could be an attempt to artificially prop up price, before the July uptrend finally breaks down. Could be an attempt to actively *bring down* the July uptrend. Could be plain old market insecurity ("is the trend over? or not?"). Your guess is as good as mine.

[MoreFun]

That $123 wall is going to fall or be removed in 24 hours. We are sliding down.

[manfred]

mtgox isn't dead yet it still has volume during volatile movements.

Your right Gox is't dead yet, but it may has cancer. There was a time it had more or less 100% market share. The way things are evolving gox plays second fiddle to Bitstamp in the US soon. 

[prophetx]

mtgox isn't dead yet it still has volume during volatile movements.

Your right Gox is't dead yet, but it may has cancer. There was a time it had more or less 100% market share. The way things are evolving gox plays second fiddle to Bitstamp in the US soon. 

doubt it bitstamp does not have the people to set up shop in the usa, perhaps they would but why bother with the massive regulatory costs involved

[ElectricMucus]

Nice chart, thanks. It seem to follow natural exponential decay.

[joesmoe2012]

Not in the US, but in USD. BitStamp isn't located in the US and services many currencies as well as USD (converted upon deposit/withdraw).

[derpinheimer]

mtgox isn't dead yet it still has volume during volatile movements.

Your right Gox is't dead yet, but it may has cancer. There was a time it had more or less 100% market share. The way things are evolving gox plays second fiddle to Bitstamp in the US soon. 

doubt it bitstamp does not have the people to set up shop in the usa, perhaps they would but why bother with the massive regulatory costs involved

Does this graph NOT disprove that theory of volume migrating to bitstamp? Because.. it sure looks that way. Looks like bitcoin trading volume has just simply plummeted from the April highs.

Also, does http://trading.i286.org/bitstamp/?item=btc&currency=usd function for any of you? MTGox version loads fine for me. Bitstamp one stopped working yesterday for me.

[dserrano5]

If volume was moving to bitstamp, shouldn't it be increasing in that chart? I see it is quite flat…