BITSTAMP eXchange wall Observer. second biggest and best exchange

[derpinheimer]

Bitstamp down for last 3 hr?

Also the bid sum is impressive. About time it increases I suppose, though.

[theonewhowaskazu]

Probably a stupid question, but why isn't there arbitrage between btce and stamp?  Like a 10$ difference (technically less than 5%).

Or for that matter, btce and coinbase, with their 1% withdrawal fee.

Because Coinbase only works within the US, and BTC-E explicitly DOESN'T work within the US, and using Bitstamp/BTC-E arb in Euro zone is probably very expensive considering all the wire fees, and the time it take to complete said wires. I mean, in the Euro Zone you could try and do it, but you'd need to do it with a huge amount to make up for the $30 wire fees in each direction, and you're effectively short Bitcoin while the wires are going on, sooooo....

[joesmoe2012]

Probably a stupid question, but why isn't there arbitrage between btce and stamp?  Like a 10$ difference (technically less than 5%).

Or for that matter, btce and coinbase, with their 1% withdrawal fee.

Because Coinbase only works within the US, and BTC-E explicitly DOESN'T work within the US, and using Bitstamp/BTC-E arb in Euro zone is probably very expensive considering all the wire fees, and the time it take to complete said wires. I mean, in the Euro Zone you could try and do it, but you'd need to do it with a huge amount to make up for the $30 wire fees in each direction, and you're effectively short Bitcoin while the wires are going on, sooooo....

BTC-e does work with the US.

Bitstamp and BTC-e are very easy to use in the eurozone, both support SEPA deposits and withdraws (wire fees aren't necessary).

Also so far as wire time, it takes 1 night for a wire to clear...

None of what you are saying here is accurate...

[gizmoh]

Probably a stupid question, but why isn't there arbitrage between btce and stamp?  Like a 10$ difference (technically less than 5%).

Or for that matter, btce and coinbase, with their 1% withdrawal fee.

Because Coinbase only works within the US, and BTC-E explicitly DOESN'T work within the US, and using Bitstamp/BTC-E arb in Euro zone is probably very expensive considering all the wire fees, and the time it take to complete said wires. I mean, in the Euro Zone you could try and do it, but you'd need to do it with a huge amount to make up for the $30 wire fees in each direction, and you're effectively short Bitcoin while the wires are going on, sooooo....

BTC-e does work with the US.

Bitstamp and BTC-e are very easy to use in the eurozone, both support SEPA deposits and withdraws (wire fees aren't necessary).

Also so far as wire time, it takes 1 night for a wire to clear...

None of what you are saying here is accurate...

Maybe the lack of bids on bitstamp near market price, giving more slippage on sells, therefore much less margin.

[windjc]

Probably a stupid question, but why isn't there arbitrage between btce and stamp?  Like a 10$ difference (technically less than 5%).

Or for that matter, btce and coinbase, with their 1% withdrawal fee.

Because Coinbase only works within the US, and BTC-E explicitly DOESN'T work within the US, and using Bitstamp/BTC-E arb in Euro zone is probably very expensive considering all the wire fees, and the time it take to complete said wires. I mean, in the Euro Zone you could try and do it, but you'd need to do it with a huge amount to make up for the $30 wire fees in each direction, and you're effectively short Bitcoin while the wires are going on, sooooo....

BTC-e does work with the US.

Bitstamp and BTC-e are very easy to use in the eurozone, both support SEPA deposits and withdraws (wire fees aren't necessary).

Also so far as wire time, it takes 1 night for a wire to clear...

None of what you are saying here is accurate...

Maybe the lack of bids on bitstamp near market price, giving more slippage on sells, therefore much less margin.

BTC-e charges a 1% fee to wire money. I.E. on $50k thats a $500 fee! And then Coinbase charges 1%. There are also BTC-E trading fees of around .5%.  So that 2.5% off the top. Right now you can buy on BTC at $175 and sell on Coinbase for $181.

So on 50k you would have $49250 which would buy you 281.43 BTC. On Coinbase you would have 278.61 to sell after fees for a total $50,429.

$429 profit minus lets say $45 in wire fees = $384.

That profit is not worth the risk of a market movement or the trouble of sending 50K.

[Serpens66]

Probably a stupid question, but why isn't there arbitrage between btce and stamp?  Like a 10$ difference (technically less than 5%).
Or for that matter, btce and coinbase, with their 1% withdrawal fee.

I don't know the reason für USD, but the € bitcoin price is too high for arbitrage. The best arbitrage in this case would be, to trade ur USD in btc-e via bitcoin to € in btc-e. Then send these € to bitstamp, convert them into USD and send the USD back to btc-e

but this is not possible because of the high fees, just mention the min. 100€ withdraw fee from btc-e O.ô

[Nemo1024]

Almost no sell orders, but everyone wants to buy. Makes for an interesting asymmetric graph

Wonder if it will go lower... Should I buy a little now or hold off for another $10...

[alexout]

If most ppl want to buy, we should expect the price to go up soon right?

[gandhibt]

I missed today's (probably: flash) crash, but I traded during the SR one, and I wasn't very happy with how bitstamp handled the large volume... my order got through in the end, but their website went belly up several times in between, and overall, the experience was extremely laggy.

Preliminary remark: I like bitstamp. Good support, decent communication, I trust them.

Problem: They're not fully prepared to handle the increased volume that headed their way in the past months, IMO.

Question: Can we, the customers, do something about it? Make it known that we'll continue to support them, but we expect better performance and reaction to events than, say, mtgox?

Any suggestions?

This. I just moved from gox and stamp worked okay in last flash crash (from 205) but now it's not working... It's crucial that the trading works when there's money to be made. Now trading is just shooting limits with just ticker.

edit. I made a support ticket, you all should do it also.

[XXthetimeisnowXX]

wonder why bitcoinity is not keeping up with the bitstamp trades? site says 175.00......down we go seen this movie before huh. call the bottom anyone?

[Serpens66]

wonder why bitcoinity is not keeping up with the bitstamp trades? site says 175.00......down we go seen this movie before huh. call the bottom anyone?

I thought it's just me...?
Don't know why, but "my" bitcoinity says 194,66$ and last trade 13hours ago ^^
Same with http://trading.i286.org/bitstamp/?item=btc&currency=usd ... no trades since hours...
gox and so on is fine

[hlynur]

what's up with bitstamp?
constant server lag up to 1 hour   according to http://trading.i286.org/bitstamp/?item=btc&currency=usd#
trading not looking to be stopped though, price is changing...and I could login

I wouldn't recommend trading with that huge lag.

will "getting stamped" become an expression soon?  

[XXthetimeisnowXX]

wonder why bitcoinity is not keeping up with the bitstamp trades? site says 175.00......down we go seen this movie before huh. call the bottom anyone?

I thought it's just me...?
Don't know why, but "my" bitcoinity says 194,66$ and last trade 13hours ago ^^
Same with http://trading.i286.org/bitstamp/?item=btc&currency=usd ... no trades since hours...
gox and so on is fine

yep same with me!!!   strange

[Buster]

The API is down, that's all

[XXthetimeisnowXX]

what's up with bitstamp?
constant server lag up to 1 hour   according to http://trading.i286.org/bitstamp/?item=btc&currency=usd#
trading not looking to be stopped though, price is changing...and I could login

I wouldn't recommend trading with that huge lag.

will "getting stamped" become an expression soon?  

ha no way i love stamp its always cheeper to buy on stamp then gox sometimes by over 25 bucks. then when it does go down it is only about 5 bucks lower on stamp. WIN WIN extra WIN!!!! of corse those days/weeks cant traid/getmoney out sucked. ......oh oh oh wait that was not stamp that was gox bahahahahahahahahah

[coinpr0n]

In the process of setting up a BitStamp trading account. Hope for the best.

[klee]

I withdrawn all my coins from this shithole - unfortunately there is NO exchange safe/efficient enough for trading, I will use them only when I want to capitulate.

Not worth the risk (burned @ MtGox, BTC24, BCCentral and now Bitstamp is shaky).

[adamstgBit]

I withdrawn all my coins from this shithole - unfortunately there is NO exchange safe/efficient enough for trading, I will use them only when I want to capitulate.

Not worth the risk (burned @ MtGox, BTC24, BCCentral and now Bitstamp is shaky).

did you get coins stolen?

[Nemo1024]

Or is it just FUD? Except for an occasional high-load hiccough, Bitstamp has been pretty solid.

[klee]

I withdrawn all my coins from this shithole - unfortunately there is NO exchange safe/efficient enough for trading, I will use them only when I want to capitulate.

Not worth the risk (burned @ MtGox, BTC24, BCCentral and now Bitstamp is shaky).

did you get coins stolen?

Not stolen, burned in all other possible ways...