The recent Bitcoin problems could be good for other altcoins as it may give them to opportunity to shine as they don't (currently) have any withdrawal problems!
These are my thoughts anyway!
Gosh would I love to have cash on gox right now. Stamp is so boring if you are waiting to buy.
I would agree with you, I have $ in stamp and I just cant find the right time to buy at, they are too steady!
If all those gox guys head over to Bitstamp how do you reckon it would affect any arbitrage opportunities?
If you're on bitstamp and haven't sold yet I'm not sure what's going through your head
I haven't sold because we really don't know what's going on exactly at MtGox. This makes the market really unpredictable, nobody here knows how far Gox is going to slide down and what the manipulators with inside knowledge are planning there. If I had any fiat left on Bitstamp I would probably be placing my buy orders around the $550 mark and ready to do a market buy if MtGox comes out with positive news tomorrow. But I just don't feel like gambling with the coins I have right now, I really don't want to end up with fewer coins after this is all over.
Agreed, mostly.
For very obvious reasons, gox price is *justifiedly* decoupled from stamp price.
If however the situation on gox continues, I don't think stamp will entirely stay unaffected. Not for practical reasons so much as for psychological reasons: gox price is still quoted in the world, and at some point, the nervousness will translate into selling pressure on stamp as well. Not enough to go sub 500 maybe, but enough to bring the two exchanges a bit more in line.
I've got BTC in stamp but I bought in at 675, so I am trying to hold it out until the price rises to this so I can at least get my fiat out. it really is nerve-wracking and the Monday Gox announcement could send the price any way.
For very obvious reasons, gox price is *justifiedly* decoupled from stamp price.
If however the situation on gox continues, I don't think stamp will entirely stay unaffected. Not for practical reasons so much as for psychological reasons: gox price is still quoted in the world, and at some point, the nervousness will translate into selling pressure on stamp as well. Not enough to go sub 500 maybe, but enough to bring the two exchanges a bit more in line.
So, short term: if Gox enables BTC withdrawals, Stamp will go down because arbitrage. If Gox doesn't enable withdrawals, Stamp will go down because Gox dying will bring everyone down.
It looks to me like we are out of short-term scenarios where Stamp price goes up?
Arbitrage opportunities could be big depending on the gox announcement!
Stop selling on Stamp you idiots! There is no reason to panic! You are only making it worse for yourself! You stupid sheep!
I would agree very much with you mate!