It should even out over time in ways which will depend on availability of funds. Some people will be able to move funds between exchanges and make profits that way.

There were times, where there price diff between Bitstamp and Gox was around 5 $ over a longer timeframe, happened in both directions. And I remember a time, where BTC-E was about 10 $ cheaper. But nevertheless, the price movement was about the same. I think Gox leads, but I've never seen anything crazy where Gox could have followed, but didn't.

What really impresses me are larger sells and buys, where it seems it directs to one single person. For example the huge buy on sunday which happened on Gox, but Bitstamp instantly followed, which either implies the big guy is active on both exchanges or many smaller buyer followed that one buy. I guess, I can only speculate about what really happens.

A nice experiment would be to seperate two or more groups of (many) traders, give them the same data to start and see, if they would behave in the same way, but without knowing how the other group does. Both outcomes (they end up with the same result and or not) would tell much about the markets and trading altogether.

Any trader is probably looking at both exchanges. I would imagine if one had a decent position on Bitstamp and saw a sell off on Gox, that they might unload before others do.
Sort of a self fulfilling prophecy as well as just being a copy cat, for lack of a better word. ehehhe

come again?

It's important to remember the value required to create volume in Bitcoin exchanges.

If Bitcoin is valued at $10, then $100 can move 10BTC, but if Bitcoin is valued at $100, then $100 will only move 1BTC.

On Bitcoincharts.com, at least, if you view all data, click the checkbox on the right to show "Volume in Currency"

That will illustrate the difference.

you're confusing me, and that's my job...

 In terms of the relationship to the price, using % volume would change the values but wouldn't affect the temporal relationship with the price....maybe.

Yeah, that makes more sense, I did do a second edit suggesting that this might be a factor.

I think the chart would be interesting plotting that value on the right axis, with both charts having their logarithmic axis normalised (as they're not really the same charts atm).




It's late for me and I should have thought a little more before commenting. Off to bed.

Is it just me or this canyon has gotten a tad steeper if compared to few days ago?

It's just lo-fi pattern recognition, but every time things have flattened out like this in the last 3 weeks we've dropped - this is tracking Goomboos 10/21
http://s11.postimg.org/d8aicwl83/Screen_Shot017.jpg

Looking forward to the weekend