yogi (OP)
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Activity: 947
Merit: 1042
Hamster ate my bitcoin
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November 07, 2013, 01:18:35 AM |
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 Parity fast approaching, but will it hold once the gox ask wall is gone? |
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sgbett
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Activity: 2576
Merit: 1087
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November 07, 2013, 01:34:26 AM |
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DONT CROSS THE STREAMS!
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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yogi (OP)
Legendary
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Activity: 947
Merit: 1042
Hamster ate my bitcoin
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November 07, 2013, 02:00:44 AM |
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DONT CROSS THE STREAMS!
 Too late! |
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sgbett
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Activity: 2576
Merit: 1087
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November 07, 2013, 02:13:37 AM |
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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theonewhowaskazu
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November 07, 2013, 02:26:32 AM |
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So they crossed, why?
Now the arb opportunities are just getting ridiculous.
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yogi (OP)
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Activity: 947
Merit: 1042
Hamster ate my bitcoin
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November 07, 2013, 02:27:13 AM |
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 Gox is now the place for cheap coins. |
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theonewhowaskazu
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November 07, 2013, 02:28:46 AM |
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Gox is now the place for cheap coins. Anybody with money at gox right now aught to sell on Bitstamp quick. What type of a person would keep fiat on gox at a time like this? |
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tarmi
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Activity: 1232
Merit: 1011
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November 07, 2013, 02:29:00 AM |
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Gox is now the place for cheap coins.
oh, the irony. |
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yogi (OP)
Legendary
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Activity: 947
Merit: 1042
Hamster ate my bitcoin
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November 07, 2013, 02:29:27 AM |
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So they crossed, why?
Now the arb opportunities are just getting ridiculous.
There was a 10k ask wall on gox at 266, not sure what will happen once it's gone. |
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yogi (OP)
Legendary
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Activity: 947
Merit: 1042
Hamster ate my bitcoin
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November 07, 2013, 03:07:40 AM |
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 Ask wall gone, gox catching up to BitStamp again. |
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the joint
Legendary
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Activity: 1834
Merit: 1020
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November 07, 2013, 03:13:14 AM |
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So they crossed, why?
Now the arb opportunities are just getting ridiculous.
Think of the potential consequence if this holds. Those capable of withdrawing btc but not fiat from Gox now have (a larger) incentive to transfer their btc out and cash out on bitstamp. This could bring down the volume on Gox (even more) significantly. Although, I've been seeing complaints about btc withdrawal from Gox, too. |
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thezerg
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Activity: 1246
Merit: 1010
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November 07, 2013, 03:25:04 AM |
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arb breaks down when the 3+ day fiat transfer times could lose you $60 per coin or 20% as compared to just holding BTC...
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Walter Rothbard
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November 07, 2013, 03:52:43 AM |
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I don't get why Bitstamp has caught up to Gox. I thought Gox was higher because of the difficulties of getting fiat out. I see BTC-E is still at $260. Does this mean that there's now trouble getting fiat out of Bitstamp as well, and BTC-E is a more accurate price?
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bitcoin carpenter
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Activity: 1582
Merit: 1001
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November 07, 2013, 03:56:41 AM |
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It's simple
High trade volume, but no one wanting to sell parabolic rise to follow with a pop
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If your not actively using the technology behind your crypto investment,
IT IS A SCAM!!!!
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antimattercrusader
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November 07, 2013, 03:57:46 AM |
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I don't get why Bitstamp has caught up to Gox. I thought Gox was higher because of the difficulties of getting fiat out. I see BTC-E is still at $260. Does this mean that there's now trouble getting fiat out of Bitstamp as well, and BTC-E is a more accurate price?
I am not aware of any issues. I was wondering the same thing - it's a bit strange. Perhaps with all the buying pressure in the market and the lack of faith in gox, people are just going elsewhere for their coins and pushing hte price up there... so much so it actually overcame the BTC price pressure on gox. Looking forward to CampBX's ACH deposit option coming November 20. ONce that hits, I see CampBX joining the leagues. |
BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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yogi (OP)
Legendary
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Activity: 947
Merit: 1042
Hamster ate my bitcoin
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November 07, 2013, 04:01:21 AM |
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 I don't get why Bitstamp has caught up to Gox. I thought Gox was higher because of the difficulties of getting fiat out. I see BTC-E is still at $260. Does this mean that there's now trouble getting fiat out of Bitstamp as well, and BTC-E is a more accurate price?
It could be that some form of arbitrage has been established between gox and bitstamp. If they drift apart again then it was just the temporary effect of the 10k sell order. |
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