Bitcoin Forum
May 13, 2024, 05:03:52 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Economy > Economics > bitstamp.net BTC discount relative to other exchanges
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: bitstamp.net BTC discount relative to other exchanges  (Read 1085 times)
gog1 (OP)
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


View Profile
June 21, 2013, 02:10:12 AM
 #1
Just looking for some insights on the BTC/USD discount relative to the other major exchanges (mtgox, btce)?
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
June 21, 2013, 03:51:08 AM
 #2
Prices are normally just below GOX, a dollar or two.

But weird things going on in last 24 hrs, probably due to MTGOX announcing it won't be processing USD withdrawals.

http://bitcoinity.org/markets/bitstamp/USD
http://bitcoinity.org/markets/mtgox/USD

Theory: People will be moving their bitcoins to bitstamp, and trying to sell there, in order to get their USD out of bitcoins. But bitstamp liquidity is still much lower than MTGOX, so there is too much selling pressure, so price has slid down.

Its a theory anyway  Wink
gog1 (OP)
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


View Profile
June 21, 2013, 04:36:21 AM
 #3
Didn't notice the news on GOX.  Reasonable theory.  But I speculate something more cynical to the withdraw suspension.
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
June 21, 2013, 04:38:34 AM
 #4
Quote from: gog1 on June 21, 2013, 04:36:21 AM
Didn't notice the news on GOX.  Reasonable theory.  But I speculate something more cynical to the withdraw suspension.

Oh god yeah, I agree with your cynicism. First they suspend, then they .......
legitnick
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500



View Profile WWW
June 21, 2013, 04:54:23 AM
 #5
bitstamp is usually the cheapest.
5 BITCOIN RAFFLE GIVEAWAY
"I dont lift" - Lord Furrycoat
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
June 21, 2013, 05:39:02 AM
 #6
Quote from: legitnick on June 21, 2013, 04:54:23 AM
bitstamp is usually the cheapest.

not by 10%. This is unprecedented.
hl5460
Legendary
*
Offline Offline

Activity: 1620
Merit: 1000


news.8btc.com


View Profile WWW
June 21, 2013, 05:39:21 AM
 #7
Quote from: legitnick on June 21, 2013, 04:54:23 AM
bitstamp is usually the cheapest.

Any reason why it is the cheapest?
Latest crypto twitter from China
and Weibo
giantdragon
Legendary
*
Offline Offline

Activity: 1582
Merit: 1002



View Profile
June 21, 2013, 04:53:59 PM
 #8
Quote from: hl5460 on June 21, 2013, 05:39:21 AM
Any reason why it is the cheapest?
It is more trustworthy, so many people sell Bitcoins there to make cashout to bank account.
xenofanesSkarak
Member
**
Offline Offline

Activity: 103
Merit: 10


View Profile
June 21, 2013, 06:02:48 PM
 #9
how can this work for a long time?
what if 9out of 10people would exchange bitcoins for USD on BItstamp and than let it cash (ask to send usd on their accounts?)
wouldnot this impact bitcoin (price btc/usd would decline?) and wouldnot it imply some restrictions on bitstamp (user can Exchange only the same amount of usd which they send on bitstamp?)

Quote from: giantdragon on June 21, 2013, 04:53:59 PM
Quote from: hl5460 on June 21, 2013, 05:39:21 AM
Any reason why it is the cheapest?
It is more trustworthy, so many people sell Bitcoins there to make cashout to bank account.
painlord2k
Sr. Member
****
Offline Offline

Activity: 453
Merit: 254


View Profile
June 25, 2013, 10:13:27 PM
 #10
The anomaly disappeared.
It was, probably,  connected with the problems of MtGox with sending wire transfers.
A lot of people, in a hurry, decided to move their bitcoins to Bitstamp and sell there for US$.
Pages: [1]
  Print  
Bitcoin Forum > Economy > Economics > bitstamp.net BTC discount relative to other exchanges
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!