Bitstamp ahead of Gox?

[freebird]

Any theories on why Bitstamp currently has a higher price than Gox? Usually Gox's price is 10-20% higher than Stamp, so there must be something very strange going on.

[meh32123]

it seems to be that Bitstamp is lagging behind gox.

[Pruden]

It's just the uber-bullish people at Bitfinex, now that the link to Bitstamp is re-established.

[freebird]

It's just the uber-bullish people at Bitfinex, now that the link to Bitstamp is re-established.

So it's basically an increase in margin buying going on right now? Interesting.

[PirateHatForTea]

Bitfinex also had diverged from Bitstamp prices - rising above them - for some time whist the connection to Bitstamp was down. When the link was reestablished, the existing top $30 or so of BFX bids would have dumped straight into the Bitstamp order book, pulling up price, and maybe causing it to overshoot.

The thing that makes me scratch my head is that this difference persists - it takes only a couple of days to with draw usd from Bitfinex, and not long from Bitstamp either. Why anyone would sell their BTC for LESS $ on Gox than elsewhere is beyond me, given that there is no calculable withdrawal time, and standard withdrawals requested now may not occur for at least 6 months unless you pay a 5% fee.

Edit: Never mind, it didn't persist and Gox is back above Bitstamp. Everything is right in the world.