Bitstamp arbitrage to depress MtGox price this week?

[myself]

allot of talk about arbitrage, today volume on bitstamp is 2700, so allot of talk and just that

Bitstamp's volume is almost 50% of that of Gox the past 24 hours: http://bitcoincharts.com/markets/currency/USD.html

2013-05-23 00:00:00   123.8   125.9   123   125.9   10510.69   1310079.6   124.64

vs

2013-05-23 00:00:00   119.11   119.85   118.36   119.85   2987.05   356834.5   119.46

more like 30% also mtgox price goes up not down so mtgox buyers beat any arbitrage sellers

Where did you get those numbers from? I'm seeing 20k 24h volume for MtGox vs 8.7k for Bitstamp. That's almost 50%.

http://bitcoincharts.com/charts/mtgoxUSD#rg5zigDailyztgSzm1g10zm2g25zv click load raw data
http://bitcoincharts.com/charts/bitstampUSD#rg5zigDailyztgSzm1g10zm2g25zv click load raw data

[Miz4r]

allot of talk about arbitrage, today volume on bitstamp is 2700, so allot of talk and just that

Bitstamp's volume is almost 50% of that of Gox the past 24 hours: http://bitcoincharts.com/markets/currency/USD.html

2013-05-23 00:00:00   123.8   125.9   123   125.9   10510.69   1310079.6   124.64

vs

2013-05-23 00:00:00   119.11   119.85   118.36   119.85   2987.05   356834.5   119.46

more like 30% also mtgox price goes up not down so mtgox buyers beat any arbitrage sellers

Where did you get those numbers from? I'm seeing 20k 24h volume for MtGox vs 8.7k for Bitstamp. That's almost 50%.

http://bitcoincharts.com/charts/mtgoxUSD#rg5zigDailyztgSzm1g10zm2g25zv click load raw data
http://bitcoincharts.com/charts/bitstampUSD#rg5zigDailyztgSzm1g10zm2g25zv click load raw data

You're comparing the volume of a day that's only a few hours old. This chart http://bitcoincharts.com/markets/currency/USD.html shows the volume of the past 24h and as you can see Bitstamp is at 9k+ while MtGox sits at 20.8k for the past 24h. That's about 44%. Yesterday Bitstamp's volume was at 40% of that of Gox.

[old_engineer]

as you can see Bitstamp is at 9k+ while MtGox sits at 20.8k for the past 24h. That's about 44%. Yesterday Bitstamp's volume was at 40% of that of Gox.

Things are really looking up for Bitstamp with the increased liquidity and a huge 5.3% spread to attract fiat and more traders.  If I were buying in today, there's no doubt I'd be sending the wire or SEPA to bitstamp, not gox.  Here's to hoping the Gox monopoly ends soon!  Even if the arbitrage opportunity is gone before my funds get to Bitstamp, I'm pretty sure I'm going to like bitstamp more than Gox.  Gox is like an awkward cousin: they may be family, but you can't wait to get away from them ASAP.

[mmeijeri]

I'd be very careful about dealing with Bitstamp, for the past couple of days a number of people, myself included, have been having trouble making even small withdrawals. Beyond a stock acknowledgement of a support ticket we're not getting any response from their support department. I wouldn't send any money until this is resolved if I were you.

[Miz4r]

I'd be very careful about dealing with Bitstamp, for the past couple of days a number of people,  myself included,  have been having trouble making even small withdrawals. Beyond a stock acknowledgement of a support ticket we're not getting any response from their support department. I wouldn't send any money until this is resolved if I were you.

Bitcoin withdrawals are going fine, don't know about fiat withdrawals though as I haven't done that lately.

[mmeijeri]

Bitcoin withdrawals are going fine, don't know about fiat withdrawals though as I haven't done that lately.

I've been waiting for a 1 BTC withdrawal for over 48 hours. According to the transaction history the payment has been made, but it's not showing up in the block chain. I'm also not getting any response from support beyond their first standard email acknowledging receipt of the complaint, despite a reminder I sent yesterday and one I sent just now. I'm very annoyed at how this is being handled.

[ardana123]

I think the larger bitcoin withdrawal, the more time they sit on it to process it. Because i've withdrawn 1 btc and it went through in like 5 min, then had to wait an hour for a 20 btc withdrawal. Why they do this, i don't know.

[mmeijeri]

Well, waiting 48 hours for a 1 BTC withdrawal seems ridiculous. And their online transaction history screen says the payment has already been made, which is clearly not true. When did you last withdraw any BTC?

[Miz4r]

Bitcoin withdrawals are going fine, don't know about fiat withdrawals though as I haven't done that lately.

I've been waiting for a 1 BTC withdrawal for over 48 hours. According to the transaction history the payment has been made, but it's not showing up in the block chain. I'm also not getting any response from support beyond their first standard email acknowledging receipt of the complaint, despite a reminder I sent yesterday and one I sent just now. I'm very annoyed at how this is being handled.

Not sure what is going on with your withdrawal, but I just withdrew 1 BTC and I got it in my wallet within 60 seconds.

[mmeijeri]

Hmm, a second, tiny 0.01 BTC withdrawal just went without a hitch.

[jski]

I'm been doing arbitrage and making about $200-$250 a day after all fees when there is a 5% difference between exchanges (which is common these days).

I won't give away my secrets though. See if you can figure out how.

OKpay?

Actually a couple of ways to do and pick whatever is the best for that day. okpay -> btc-e is one way though.

The trick is getting the money out.

mgio can you tell me how you fund your OKPAY account??

[Tamis]

So are there people working on arbitrage recently ?

It's very tempting !