BITSTAMP eXchange wall Observer. second biggest and best exchange

[derpinheimer]

Bids volume is at 2k right now vs ask volume still at 6k. Does this mean the price 'should' go down?

Thoughts?

What does that mean?

I see bids as 2.1m [actually down a bit, from 2.5m], and asks at 15k [mostly stable around here]

however 400k in bids can come and go at any minute.. so, basically.. the orderbook is unchanged [although extremely unhealthy]

[alexout]

ahh ok I see.

derpinheimer; Where do you see bids at 2.1mill? Im looking at bitstamp.net orderbook.

Are you looking at a different site?

/confused. Sorry Im kinda a newbie at this.

[alexout]

Also is the general consensus that the price at stamp will go up from here or down slightly(before moving up again?)

I guess cuz China woke up, its more likely to go up yea?

[derpinheimer]

ahh ok I see.

derpinheimer; Where do you see bids at 2.1mill? Im looking at bitstamp.net orderbook.

Are you looking at a different site?

/confused. Sorry Im kinda a newbie at this.

Here:

http://trading.i286.org/bitstamp

If you take the /bistamp off of the end its MtGox; those are the only two exchanges that site supports.

[rabsie]

bitstamp will break 200 today?

[wasserman99]

bitstamp will break 200 today?

gonna need some pretty big buys and lot of movement on other exchanges to see that, i think. maybe though. 

[windjc]

Are we to assume at this point, that the reason Bitstamp and Btc-e are lagging can be contributed to the fact that a lot of the miners are/were based in the U.S. and it is just not viable to cash out on MtGox?

I know the assumption has been that Mtgox is higher because there is no incentive to sell, since you can't withdraw from the U.S. However, could it also be that if I want to liquidate some of my BTC assets, its just a 1000x easier on Bitstamp or Btc-e?

I mean at this point, we have to assume that someone in Japan is arbitraging Bitstamp (Btc-e fees make it less attractive). Which means there has to be a lot of consistent selling pressure.  Bitstamp is so easy to get money in and out of with relatively low fees, I have to assume these liquidators (perhaps black market as well) are damping the price action on this exchange.

[el_rlee]

what's keeping campBX from raising?

And btc-e? Bitfury?

[MoreFun]

Yesterday we saw few larger market dumps after some time again. Now look at the bids, funny. Are stamp and bitfinex buyers out of money?

[windjc]

Yesterday we saw few larger market dumps after some time again. Now look at the bids, funny. Are stamp and bitfinex buyers out of money?

Investors in Japan must be idiots. If they can withdraw out of MtGox there is no reason they shouldn't be cashing in on Bitstamp. As I mentioned in a post a couple of days ago, someone could easily clear 40% profit MONTHLY on their investment, just be churning the arbitrage once a week.

At a measly A$100k thats $40K a month in profit. At a million, you can do that math.

Its inexplicable given that potential, that people are not arbitraging.

[TERA]

Maybe every who was bidding panic bought to move the coins to btcchina and dump there.

[MoreFun]

You wouldn't be able to arbitrage a million per week through stamp and china as the price difference would be gone (not enough depth).
You also risk price increase in the meantime of waiting for withdrawals.

[Tzupy]

Maybe every who was bidding panic bought to move the coins to btcchina and dump there.

Yes, IMO these last days Chinese traders bought on other markets, especially Bitstamp, and sold in China.
That would explain the decreased gap between Bitstamp and Gox, besides the buying pressure that drove the price so high.
What worries me is if China crashes very hard (I don't know, but it's possible), some of those coins may be withdrawn and
sold on other markets, which could complicate the price formation and EW shapes. I hope they keep those coins in China.

[MoreFun]

Maybe every who was bidding panic bought to move the coins to btcchina and dump there.

Yes, IMO these last days Chinese traders bought on other markets, especially Bitstamp, and sold in China.

A think this can't be really true. Although possible, but even if, few individuals not a lot of Chinese traders.

[Zangelbert Bingledack]

Hull breach imminent...

[theonewhowaskazu]

Maybe every who was bidding panic bought to move the coins to btcchina and dump there.

Yes, IMO these last days Chinese traders bought on other markets, especially Bitstamp, and sold in China.

A think this can't be really true. Although possible, but even if, few individuals not a lot of Chinese traders.

There was lots of opportunity. If I was in china and could easily do the arb, it would make sense to do it in a huge chunk so as to minimize wire fees.

[NamelessOne]

Hull breach imminent...

Yes, it feels like 200 it about to be smashed.

[spooderman]

Hull breach imminent...

Yes, it feels like 200 it about to be smashed.

Let's go.

[spooderman]

1k off 200 wall.

edit: anyone see that 62k wall at 199.97?

[gizmoh]

1k off 200 wall.

edit: anyone see that 62k wall at 199.97?

Nope, a nightmare maybe