Post
Topic
Board Speculation
Re: BITSTAMP eXchange wall Observer. second biggest and best exchange
by
adamstgBit
on 26/05/2013, 21:50:44 UTC
Who are the idiots selling 1500 coins between 130 and 131 (1/3rd of avg exchange volume) on bitstamp at a 3.3% discount while gox prices trickle higher?

Even BTC-E trades at a lower discount to gox than bitstamp now.

these are mtgox coins that made their way to bitstamp because of the dwolla thing.
bitstamp isn't use to having that much coins on its order books, so now buyers there have a distinct advantage they can simply wait and see if mtgox goes higher and stays high,  and when they feel comfortable with the price they will eat that wall pretty fast.
they have already taken big chunks off this wall as mtgox has moved higher.