derpinheimer
Legendary
 Offline
Activity: 896
Merit: 1000
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October 25, 2013, 02:48:37 AM |
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Bitstamp down for last 3 hr?
Also the bid sum is impressive. About time it increases I suppose, though.
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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theonewhowaskazu
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October 25, 2013, 03:19:56 AM |
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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 $30 wire fees in each direction, and you're effectively short Bitcoin while the wires are going on, sooooo....  |
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joesmoe2012
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October 25, 2013, 04:24:46 AM |
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Probably a stupid question, but why isn't there arbitrage between btce and stamp? Like a 10$ 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 $30 wire fees in each direction, and you're effectively short Bitcoin while the wires are going on, sooooo.... BTC-e does work with the US. Bitstamp and BTC-e are very easy to use in the eurozone, both support SEPA deposits and withdraws (wire fees aren't necessary). Also so far as wire time, it takes 1 night for a wire to clear... None of what you are saying here is accurate... |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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October 25, 2013, 05:19:51 AM |
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Probably a stupid question, but why isn't there arbitrage between btce and stamp? Like a 10$ 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 $30 wire fees in each direction, and you're effectively short Bitcoin while the wires are going on, sooooo.... BTC-e does work with the US. Bitstamp and BTC-e are very easy to use in the eurozone, both support SEPA deposits and withdraws (wire fees aren't necessary). Also so far as wire time, it takes 1 night for a wire to clear... None of what you are saying here is accurate... Maybe the lack of bids on bitstamp near market price, giving more slippage on sells, therefore much less margin. |
How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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October 25, 2013, 06:18:56 AM |
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Probably a stupid question, but why isn't there arbitrage between btce and stamp? Like a 10$ 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 = $384. That profit is not worth the risk of a market movement or the trouble of sending 50K. |
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Serpens66
Legendary
Offline
Activity: 2926
Merit: 1131
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October 25, 2013, 07:30:19 AM |
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Probably a stupid question, but why isn't there arbitrage between btce and stamp? Like a 10$ 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 |
Mit Cointracking (10% Rabatt) behältst du die Übersicht über all deine Trades und Gewinne. Sogar ein Tool für die Steuer ist dabei
Great Freeware Game: Clonk Rage
binance.com hat nun auch SEPA und EUR Paare! Mit dem RefLink bekommst du 5% Rabatt auf die Tradinggebühren!
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Nemo1024
Legendary
Offline
Activity: 1680
Merit: 1014
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October 25, 2013, 08:53:18 AM |
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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... |
“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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alexout
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October 25, 2013, 09:08:35 AM |
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If most ppl want to buy, we should expect the price to go up soon right?
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gandhibt
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October 25, 2013, 09:56:45 AM |
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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. |
bud trust 1JiRNiERPTVZEhaVcKWbLLHHyCLRaa7nxB
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XXthetimeisnowXX (OP)
Sr. Member
Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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October 25, 2013, 12:29:20 PM |
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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?
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Serpens66
Legendary
Offline
Activity: 2926
Merit: 1131
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October 25, 2013, 12:32:53 PM |
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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¤cy=usd ... no trades since hours... gox and so on is fine |
Mit Cointracking (10% Rabatt) behältst du die Übersicht über all deine Trades und Gewinne. Sogar ein Tool für die Steuer ist dabei
Great Freeware Game: Clonk Rage
binance.com hat nun auch SEPA und EUR Paare! Mit dem RefLink bekommst du 5% Rabatt auf die Tradinggebühren!
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hlynur
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October 25, 2013, 12:34:08 PM |
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what's up with bitstamp? constant server lag up to 1 hour  according to http://trading.i286.org/bitstamp/?item=btc¤cy=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? |
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XXthetimeisnowXX (OP)
Sr. Member
Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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October 25, 2013, 12:34:53 PM |
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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¤cy=usd ... no trades since hours... gox and so on is fine yep same with me!!! strange |
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Buster
Newbie
Offline
Activity: 56
Merit: 0
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October 25, 2013, 12:35:27 PM |
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The API is down, that's all
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XXthetimeisnowXX (OP)
Sr. Member
Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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October 25, 2013, 12:38:40 PM |
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what's up with bitstamp? constant server lag up to 1 hour according to http://trading.i286.org/bitstamp/?item=btc¤cy=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 |
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coinpr0n
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October 25, 2013, 12:49:46 PM |
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In the process of setting up a BitStamp trading account. Hope for the best.
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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October 25, 2013, 02:43:27 PM |
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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).
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 25, 2013, 02:46:24 PM |
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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? |
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Nemo1024
Legendary
Offline
Activity: 1680
Merit: 1014
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October 25, 2013, 02:51:17 PM |
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Or is it just FUD? Except for an occasional high-load hiccough, Bitstamp has been pretty solid.
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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October 25, 2013, 02:56:42 PM |
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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... |
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