Gap Observer mtgox / bitstamp / btc-e / campbx

[ArticMine]

... I do not report/file taxes in America and have heard that is fine. ...

I do not know who has given you this advice, but I strongly suspect it is very wrong and very dangerous. I would go straight to the source. http://www.irs.gov/Individuals/International-Taxpayers/U.S.-Citizens-and-Resident-Aliens-Abroad

As Bitcoin exchanges Bitstamp seems to be the choice for now especially if you are in Europe and can use SEPA. I have not used them myself so I do not have direct experience with them. Here in Canada I use Virtex; however in a somewhat similar and stricter fashion to bitcoin.de one has to be a Canadian citizen resident in Canada to use them. MTGox is currently having a lot of issues with fiat withdrawals, I expect that this will eventually get sorted out especially for currencies other than USD and MTGox will remain a viable and strong business; however there are many on this board that have a very different point of view that is worthy of consideration before risking any funds there.

[Its About Sharing]

... I do not report/file taxes in America and have heard that is fine. ...

I do not know who has given you this advice, but I strongly suspect it is very wrong and very dangerous. I would go straight to the source. http://www.irs.gov/Individuals/International-Taxpayers/U.S.-Citizens-and-Resident-Aliens-Abroad

As Bitcoin exchanges Bitstamp seems to be the choice for now especially if you are in Europe and can use SEPA. I have not used them myself so I do not have direct experience with them. Here in Canada I use Virtex; however in a somewhat similar and stricter fashion to bitcoin.de one has to be a Canadian citizen resident in Canada to use them. MTGox is currently having a lot of issues with fiat withdrawals, I expect that this will eventually get sorted out especially for currencies other than USD and MTGox will remain a viable and strong business; however there are many on this board that have a very different point of view that is worthy of consideration before risking any funds there.

Thanks for the advice.

There is a provision on double taxation and not having to pay taxes twice. Germany's tax rate is much higher than in America, so there is little chance of having to owe taxes in America, but point is taken. But after 10 years here, I'm not sure I want to raise eyebrows there. Even if wrong, I have yet to meet a person who has been living here filing taxes in the States.

There is a good discussion on it here and a lawyer (user "anwalt") chimes in.
http://www.toytowngermany.com/lofi/index.php/t29771-15.html

[gog1]

... I do not report/file taxes in America and have heard that is fine. ...

I do not know who has given you this advice, but I strongly suspect it is very wrong and very dangerous. I would go straight to the source. http://www.irs.gov/Individuals/International-Taxpayers/U.S.-Citizens-and-Resident-Aliens-Abroad

As Bitcoin exchanges Bitstamp seems to be the choice for now especially if you are in Europe and can use SEPA. I have not used them myself so I do not have direct experience with them. Here in Canada I use Virtex; however in a somewhat similar and stricter fashion to bitcoin.de one has to be a Canadian citizen resident in Canada to use them. MTGox is currently having a lot of issues with fiat withdrawals, I expect that this will eventually get sorted out especially for currencies other than USD and MTGox will remain a viable and strong business; however there are many on this board that have a very different point of view that is worthy of consideration before risking any funds there.

cavirtex just added a merchant API, I think it'll make the prices there even lower as you have a higher selling demand (I just don't see how most merchants would want to keep BTC instead of fiat).

[genuise]

mtgox - bitstamp arbitrage history for last 24h



1) Volume of 10 BTC:
arbitrage opportunity in orderbooks (MKT Price %) - 14.109 %
arbitrage realized in trades (VWAP Traded %) - 14.337%

2) Volume of 10 BTC
arbitrage opportunity in orderbooks (MKT Price %) - 14.451 %
arbitrage realized in trades (VWAP Traded %) - 14.522%

2) Volume of 100 BTC
arbitrage opportunity in orderbooks (MKT Price %) - 14.157 %
arbitrage realized in trades (VWAP Traded %) - 14.523%

Interesting that there are also both 1000 BTC Volume and 10000 BTC Volume arbitrage percent visible.
Although MKT Price arbitrage is less than 12% for 1000 BTC Volume.
And for 10000 BTC Volume it even negative for half of last 24hours.

While realized arbitrage in trades shows significant percent for 1000 and 10000 BTC Volume. As high as 14.025 %.

Interesting...

[gog1]

mtgox - bitstamp arbitrage history for last 24h



1) Volume of 10 BTC:
arbitrage opportunity in orderbooks (MKT Price %) - 14.109 %
arbitrage realized in trades (VWAP Traded %) - 14.337%

2) Volume of 10 BTC
arbitrage opportunity in orderbooks (MKT Price %) - 14.451 %
arbitrage realized in trades (VWAP Traded %) - 14.522%

2) Volume of 100 BTC
arbitrage opportunity in orderbooks (MKT Price %) - 14.157 %
arbitrage realized in trades (VWAP Traded %) - 14.523%

Interesting that there are also both 1000 BTC Volume and 10000 BTC Volume arbitrage percent visible.
Although MKT Price arbitrage is less than 12% for 1000 BTC Volume.
And for 10000 BTC Volume it even negative for half of last 24hours.

While realized arbitrage in trades shows significant percent for 1000 and 10000 BTC Volume. As high as 14.025 %.

Interesting...

you can't cashed out from gox - or it takes forever - so this is meaningless

[genuise]

if it is meaningless for you it does not mean that the same is true for someone else, right?

Or the whole thread is meaningless or even the whole speculation forum

[byronbb]

[genuise]

It is interesting to see while the immediate arbitrage right in orderbooks between mtgox and bitstamp available in 10000 BTC capacity on both exchnages. Although the ~5+% profit will be eaten by cumulative transcation fees.

And keeping in mind all accusations about gox withdrawals  nontheless trading is going on and trading volume is big enough. And the price  of trades shows significantly  bigger profites should they actually realized.

Here you can see the arbitrage calculated on actual trading volumes of last 10000 BTC traded on both exchanges shows that trading price difference between gox and bitstamp is stable thru last 24h at above than 11% and for the last two hours above 12%

[myself]

16 USD gap


LOL

[dnaleor]

19 USD gap 

Think bitstamp will soon break 100 USD

[solex]

19 USD gap 

Think bitstamp will soon break 100 USD

Bitstamp on the daily chart looks very strong. Four hits at that $100 resistance. Looking at $125 after it breaks through.

[Wagner2014]

You can by Bitcoin for $90 CAD at Virtex right now. That's about what? $87 USD.

[cypherdoc]

16 USD gap


LOL

$20 gap.

That's fucking ridiculous. My guess is one of these exchange services is intentionally creating the gap so they can force their clients into taking a lower valuation.

[Its About Sharing]

16 USD gap


LOL

$20 gap.

That's fucking ridiculous. My guess is one of these exchange services is intentionally creating the gap so they can force their clients into taking a lower valuation.

Now we go from elation to worry. Nice to see the price on GOX go up and on HUGE volume/buys, but when there are crickets elsewhere, it is very very worrisome. So, they got their coins, but do they want to risk a 20% loss of funds? And the slippage can turn huge as the other exchanges probably can't handle that volume. Or do they just hold? It has been the latter for a while. I don't see large sells at the other exchanges. Sort of like people are saying FU to GOX.

This is a bit like all the chip sales from Yifu's Avalon scam/debacle (which I unfortunately got in on the smaller side), the writing is on the wall...

[old_engineer]

With a large, persistent gap between Gox and other exchanges, the only people buying Gox coins are those with fiat already on the exchange.  And that's truly scary for the near-term future of bitcoin, as many people believe Gox USD price is a metric of bitcoin value, and will be deeply disappointed by the likely coming crash in Bitstamp value.

I'm sure Karpales has made a graph of the total withdrawal amounts pending vs. time since the withdrawals were suspended.  How many USD millions are now pending?  5?  10?  20?  Any students of crashes have learned that the build up happens slowly, but when it finally starts, it happens very fast.

[Its About Sharing]

Nice to see the price on GOX go up and on HUGE volume/buys, but when there are crickets elsewhere, it is very very worrisome.

There were some large (relative) volume buys on BitStamp as well, so I wouldn't say "crickets". The gap is worrisome, but many are exaggerating the significance. I actually speculate that some are arbitraging the hell out of this, and want to keep doing so.

It's worrisome to those holding GoxUSD and Gox themselves. The rest of us, not so much.

Stamp has shown some strength recently. I'm happy about that.

But, the big buys on Gox has really caught my attention. It seems like big pocketed people (very big) took us from $65 to here. When will they run out?
I really would love to know how much money is in their bank ready for buys. I don't mean money we can see on the orderbook. These big market orders are always unexpected, though they seem
spread out a day here and then two days later there.

Let us not forget that Gox was often equal with Bitstamp. Money might be going into Stamp as we speak, though I suspect it might wait for a pullback, unless they have some inside info...