Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Fatman3001
on 10/03/2015, 18:04:55 UTC
Quote from: dreamspark on March 10, 2015, 05:10:20 PM
Quote from: Fatman3001 on March 10, 2015, 05:06:38 PM
Quote from: Brewins on March 10, 2015, 04:22:27 PM
Quote from: Fatman3001 on March 10, 2015, 03:59:34 PM
Peoples reluctance to keep cash on stamp seems to keep this train from flying off the rails.


right now stamp is nothing(check the volume stats)

But it's almost 6000 to $300 on stamp and just 1360 on finex. So low volume on stamp means low price on stamp. And the price won't let there be more than $10-12 difference between the two for any length of time.

Thats because there is hardly any fiat on Stamp. Its almost as if the market thinks that if they buy coins there and try and withdraw them en mass they may not exist, I wonder why the market might think that  Roll Eyes  Once bitten twice shy, people slowly learn their lessons and don't deal with exchanges that refuse to prove their reserves or even answer any questions about the state of their solvency.

What you're saying sort of goes back to my original post. Bitstamp shouldn't be trailing BTC-E like it has been for much of the day. If the other exchanges leaves stamp behind and nobody dares to do arbitrage then I think we might see stamp implode.