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Author Topic: Why is the bitstamp USD price so high?  (Read 1534 times)
falcoiii
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November 22, 2013, 03:43:50 PM
 #1

In USD ...

Over the past few weeks & months, the Mt. Gox price has been ~10% higher than the rest of the market (bitstamp, btc-e, etc...).  Today, bitstamp is as high or just higher than Mt. Gox, and still 10% higher than the rest of the market.

What gives?
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Mirsad
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November 22, 2013, 03:44:54 PM
 #2

pump and dump

Get ready to buy more coins and don't panic sell.  Grin

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November 22, 2013, 03:47:00 PM
 #3

Deposits coming in + Branson
GigaCoin
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November 22, 2013, 03:48:20 PM
 #4

keep in mind more and more people are losing confidence with gox, their USD withdrawals issues are a complete disaster with people even now complaining about BTC withdrawal issues. Due to this a lot have been migrating to Bitstamp which is a lot more reliable (so far)

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November 22, 2013, 03:50:34 PM
 #5

EDIT2: nevermind. My deposit confirmed successfully  Grin

Maybe fear of getting goxxed by Stamp.

https://bitcointalk.org/index.php?topic=343120.0

EDIT: Or maybe successful arbitration between China and Japan is bringing Gox price down.

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November 22, 2013, 03:55:33 PM
 #6

Bitstamp is best choice for exchange, big + most reliable, thats why increased demand there

yo
windjc
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November 22, 2013, 06:39:44 PM
 #7

This is exactly what arbitrage looks like. Compare the charts of Bitstamp and China the last 4 days. It's obvious what is going on. This is very healthy for the markets. When everything gets out of whack, it creates more instability.
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November 22, 2013, 06:55:10 PM
 #8

Bitstamp is best choice for exchange, big + most reliable, thats why increased demand there

For casual buyers/seller yes,but its the bad platform for day traders, poor api, unreliable engine, and not fully protected against ddos..I really hope they improve these technical issues.

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November 22, 2013, 06:56:11 PM
 #9

No one thinks this is related to the delayed coinbase buy orders?
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November 22, 2013, 08:28:14 PM
 #10

Bitstamp is not high, Mt. Gox is low.  Wink
UnDerDoG81
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November 22, 2013, 08:45:23 PM
 #11

Just bought 17 coins and paid 60$ fee´s... that sucks  Angry

They also cut 110$ from tranfering my 10.000€ into 13490$ instead of 13600$ as their linked exchange price list was. Support does not answer, asked 2 days ago why.

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TERA
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November 22, 2013, 11:42:23 PM
 #12

Seriously wtf is wrong with this exchange. Its like there is only a buy button and it can only go up. Other exchanges go down $30 and it goes down $1. Then it goes up $20. f you try to trade here you get screwed.
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November 22, 2013, 11:49:34 PM
 #13

Theres a reason they are called bitSTAMP.. but the price is simple arbitrage..
notme
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November 23, 2013, 02:31:56 AM
 #14

Seriously wtf is wrong with this exchange. Its like there is only a buy button and it can only go up. Other exchanges go down $30 and it goes down $1. Then it goes up $20. f you try to trade here you get screwed.

The other exchanges got way ahead of Stamp.  Much of the down action on Gox and BTCChina was arbitrage realigning the prices.

https://www.bitcoin.org/bitcoin.pdf
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