dnaleor (OP)
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November 18, 2013, 02:19:27 AM |
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We are all used to a 10-20 USD spread between gox and bitstamp, but this time it is really nuts: Gox: 551 USD Stamp: 487 USD That is a stunning 64 USD spread!! How long will this last? Will people take the risk to try arbitrage on gox? Does anyone have already tried that? How long did you have to wait for the transfer of funds from gox to your bank account? Discuss! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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BitChick
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November 18, 2013, 02:47:25 AM |
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I was curious why there is such a huge spread too. Is it hard to get money into Bitstamp? I have not used the site but it seems like a great arbitrage opportunity for someone.
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1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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wobber
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November 18, 2013, 02:48:15 AM |
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Gox is insane. Don't assume event for 1 second the price is real. They have 2-mo waiting periods for withdrawal of fiat.
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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Miz4r
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November 18, 2013, 02:50:26 AM |
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Even btce (usually the most bearish exchange) is $40 higher than Bitstamp is right now lol. If I could do a quick arbitrage here I definitely would..
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Bitcoin = Gold on steroids
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dnaleor (OP)
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November 18, 2013, 02:50:41 AM |
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I was curious why there is such a huge spread too. Is it hard to get money into Bitstamp? I have not used the site but it seems like a great arbitrage opportunity for someone.
I should indeed add that it takes longer than normal to get money into bitstamp. Dont know why. I even opened a support tiket (waiting for more than a week now... normally it is a few days)
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windjc
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November 18, 2013, 02:51:38 AM |
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Gox is coming down soon and Stamp will catch up on the correction. Stamp will also get a boost when Bitfinex money comes online there again.
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Phinnaeus Gage
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November 18, 2013, 04:49:23 AM |
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A $71 USD spread. I knew I should have turned down that last load of barn wood and converted all my money into bitcoins.
Actually, the return I get with flipping barn wood is still better than if had all my money tied up in bitcoins, albeit the gap is narrowing as the economy improves and more people started doing what I do.
I ran into a flea market friend of mine today and he said to me that he, as well as I, missed out on some terrific yard sale a couple weeks ago. He stated the location and the pile of stuff already sold awaiting pick-up, all of which he desired. I smiled, then informed him that I only attended about a half dozen sales this year, with the one he described among them. I didn't have the heart to tell him how much I came out as a bandit, but I'm sure he knew I did/will do well.
He then proceeded to tell me how he recently paid $50 each for two rare slot machines, of which had the n word on the wheels. He profited close to $20K when he sold them to another dealer, and there was still margin to be had, but he wasn't greedy. Kenny's a pretty straight-up guy, and I've never had reasons to ever doubt his success stories.
~TMIBTCITW
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accord01
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November 18, 2013, 04:53:15 AM |
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Gox is coming down soon and Stamp will catch up on the correction. Stamp will also get a boost when Bitfinex money comes online there again.
Now when the bitfinex money goes on stamp, will bitfinex price fall to stamp price? or will the price just sync up somewhere inbetween say $505 or something?
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dave111223
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November 18, 2013, 05:28:32 AM |
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A $71 USD spread. I knew I should have turned down that last load of barn wood and converted all my money into bitcoins.
Actually, the return I get with flipping barn wood is still better than if had all my money tied up in bitcoins, albeit the gap is narrowing as the economy improves and more people started doing what I do.
What is this reference to "barn wood" a cannot find a source explaining this? You mean "barn wood == USD"? As in both good for burning?
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notme
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November 18, 2013, 05:29:51 AM |
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A $71 USD spread. I knew I should have turned down that last load of barn wood and converted all my money into bitcoins.
Actually, the return I get with flipping barn wood is still better than if had all my money tied up in bitcoins, albeit the gap is narrowing as the economy improves and more people started doing what I do.
What is this reference to "barn wood" a cannot find a source explaining this? You mean "barn wood == USD"? As in both good for burning? He means wood, from a barn.
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btcprice
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November 18, 2013, 07:04:23 AM |
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While gox is at $605 Coinbase.com is at $530. That's an insane spread right there. Usually Coinbase.com is about $20 less. Why the disparity now?
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derpinheimer
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November 18, 2013, 07:07:50 AM |
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Running out of steam? Bitstamp bid sum falling abt. a million.
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zedicus
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November 18, 2013, 08:37:39 AM |
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Yeah..ive got bitcoinity on steriods in real time on my desktop so i can keep one eye on em.. showing mtgox, bitstamp, bitfinex, btce, campbx ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F34caP1I.jpg&t=665&c=cGRIeiGCBR2shw)
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mb300sd
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Drunk Posts
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November 18, 2013, 08:41:20 AM |
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Yeah..ive got bitcoinity on steriods in real time on my desktop so i can keep one eye on em.. showing mtgox, bitstamp, bitfinex, btce, campbx ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F34caP1I.jpg&t=665&c=cGRIeiGCBR2shw) What are you using to do that???
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1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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zedicus
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November 18, 2013, 08:51:11 AM |
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its just a script (running in a windows GADGET) that lays on top of the desktop but its laggin on me.. Sometimes its fast and sometimes its slow! Havent really tried to figure out why.. Probably not the best way to get stats..
Edit: Forgot to note it was running in a gadget
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zedicus
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November 18, 2013, 09:13:02 AM |
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^^ I just made it the other day... I wish comboy had something like this that you can toggle on bitcoinity! Maybe a dedicated page with individual exchanges to toggle on/off! On my setup i can add or move them on screen like this!! Here is a shot with just gox to the side.. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fg8uMwK8.jpg&t=665&c=XUxoqsjT-B08Dg)
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Phinnaeus Gage
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November 18, 2013, 03:55:42 PM |
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A $71 USD spread. I knew I should have turned down that last load of barn wood and converted all my money into bitcoins.
Actually, the return I get with flipping barn wood is still better than if had all my money tied up in bitcoins, albeit the gap is narrowing as the economy improves and more people started doing what I do.
What is this reference to "barn wood" a cannot find a source explaining this? You mean "barn wood == USD"? As in both good for burning? Apologies for any misunderstanding. I reclaim barn wood for a living and was drawing a comparison of the profit margins between buying and selling such and investing in Bitcoin, albeit I do have some bitcoin holdings, and will have in my possession more once InstaWallet returns to me my 1100+ bitcoins. The gap is now ~$79 between BS and MG.
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Taxidermista
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November 18, 2013, 04:00:24 PM |
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I was curious why there is such a huge spread too. Is it hard to get money into Bitstamp? I have not used the site but it seems like a great arbitrage opportunity for someone.
I should indeed add that it takes longer than normal to get money into bitstamp. Dont know why. I even opened a support tiket (waiting for more than a week now... normally it is a few days) I don't know where you live but normally it takes 24/48 hours, now waiting almost a full week!
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dnaleor (OP)
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November 18, 2013, 04:41:13 PM |
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I was curious why there is such a huge spread too. Is it hard to get money into Bitstamp? I have not used the site but it seems like a great arbitrage opportunity for someone.
I should indeed add that it takes longer than normal to get money into bitstamp. Dont know why. I even opened a support tiket (waiting for more than a week now... normally it is a few days) I don't know where you live but normally it takes 24/48 hours, now waiting almost a full week! thx for sharing that. I tought something was wrong, so I am not the only one! Anyway, I opened a support ticket, hope to get those funds in asap (not for me, but for selling coins to friends, I am not selling my own coins ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) )
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MrHindsight
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November 18, 2013, 05:01:34 PM |
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thx for sharing that. I tought something was wrong, so I am not the only one! Anyway, I opened a support ticket, hope to get those funds in asap (not for me, but for selling coins to friends, I am not selling my own coins ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ) Same here, although for me it's still in the 3-day range (normally it takes less time). Intended to buy some coins today / yesterday, rather unfortunate as the price has been rising even more quickly in a short timespan. Read across threads that there are some issues currently regarding deposits, I'm sure it will get resolved quickly. Would be nice if they would share such status updates through social media or something in the future though.
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