mmitech
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things you own end up owning you


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June 12, 2014, 12:40:40 AM

why such stamp FUD?
Really, I don't see signs why there are problems at that exchange...

Then you need to open your eyes. Please try to make sense of how this is actually just normal. Remember how gox had the most irrational trading going on the last month before it closed? Well, it might not be the case, but do you want to keep your coins there?

And I seem to remember Gox being the exchange that was priced higher than all the rest and we now know the reason for that.

People seem to siding with 'nice' Bitfinex because they aren't dumping and they have been trying to break out, and their price is $20 higher than on Stamp. But of all the exchanges, Stamp is the least likely to Gox is customers. On Stamp there is no leverage, no complex trading options, and thus far less opportunity for profit to be made from insider trading, painting the tape, etc. Bitfinex on the otherhand......oo-er!

A problem with Stamp in recent times has been actually getting money onto the exchange due to their anal-probesque KYC procedures.....Never had problems getting money off the exchange, even when I told them to ram their KYC. But sorry, out of all the exchanges out there, Stamp is the most stable and reliable one.

What I find so peculiar, is why aren't there traders out there who are pouncing on the glut of 'cheap' coins on Stamp and arb-ing them on Bitfinex. These BTC for sale some $20 cheaper on Stamp are real BTC, that can be bought with real money, which can be sent over to Bitfinex and can be sold for an instant $20 easy profit. I aint doing it cos I only got  few grand in Bitcoin and I would rather not do my trading on Bitfinex as I don't trust and like the place.

Also, isn't it funny that Stamp has been the most expensive exchange for weeks and weeks, until we get right to the end of a no doubt highly leveraged ramp up? Isn't it funny how Huobi and Bitfinex have both made break out attempts but stopped when they seen that Stamp wasn't budging? If these whales on Bitfinex and Huobi think that $15-$20 more expensive BTC than on Stamp is worth ramping, then why aren't they buying the cheaper BTC on Stamp (whales have accounts on all exchanges)?

I agree, I find this strange as well.