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Topic: 10% Difference between USD Bitstamp and USD MtGox just now (Read 1340 times)

legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Are you making a point on MtGox market share?
no i report the time remaining on average for loans
hero member
Activity: 520
Merit: 500
It's reported that Mt. Gox has finally registered as a money lender with FINCEN. This should bring some calm to the market. I hope that's a sign of Mt. Gox working with the legacy financial system and that we'll have a more robust withdrawal route available in the next few weeks.

However, I think this drop is only 10% from Gox issues, and 90% from bubble deflating/profit taking.
legendary
Activity: 896
Merit: 1000
Quote
USD    40.8341%    1.8 days    481336.5 USD
BTC    10.0089%    1.95 days    5764.17 BTC
https://bitfinex.com/pages/stats tick tock

Are you making a point on MtGox market share?

I think its unfair to compare until [er, if] mtgox withdrawals come back online.. and then wait a week.
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Quote
USD    40.8341%    1.8 days    481336.5 USD
BTC    10.0089%    1.95 days    5764.17 BTC
https://bitfinex.com/pages/stats tick tock
hero member
Activity: 496
Merit: 500
Spanish Bitcoin trader
The difference has closed in the last 12 hours. Bitstamp has remained at 88-90 (with a flashcrash to 85) while MtGox has gone from 97 to 93
newbie
Activity: 20
Merit: 0
Actually, withdrawals have continued albeit at a reduced rate, 1 mln $ /day according to MagicalTux.
legendary
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
When was is said to be possible again to withdraw USD from Gox?
The "temporary hiatus" was described as a two-week affair as of June 20th. So, theoretically, we'll be back to normal on the Fourth of July.

I think there's some trepidation in the market as to whether Mt. Gox will actually meet that schedule.
sr. member
Activity: 240
Merit: 250
They said it would be 2 weeks.
legendary
Activity: 1022
Merit: 1000
When was is said to be possible again to withdraw USD from Gox?
legendary
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
Right now, it's impossible to withdraw USD from Mt. Gox.

Because of that, there's a glut of USD relative to Bitcoin - people have been buying BTC just to get their capital out of Gox.

Hence, a higher USD/BTC exchange rate compared to any exchange with functioning USD withdrawls.
legendary
Activity: 896
Merit: 1000
It was 20% a few days ago, although you are right in that it is[/was] growing. Now with the gox price dropping its smaller again.
legendary
Activity: 1022
Merit: 1000
Been that way for over a week.

First time for when I checked it. It has always been 4-6% difference for me. Of course many month ago there were even larger discrepancies.
N12
donator
Activity: 1610
Merit: 1010
Been that way for over a week.
legendary
Activity: 1022
Merit: 1000


also between Gox and btc-e, more or less expected so.
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