back to the britcoin thing again, am i misunderstanding the process here? I'm not a trader remember, but I see guys trying to buy btc on britcoin at £13+($21)(the same £13 when mtgox was $13) but nobody is selling, cant you just sell to them at £13/$21 and then go and buy them back plus more at $17-$18 mtgox? why are people not all over this.
Some people might have tried to be all over it (it's called arbitrage), but there are a couple things to consider. What is the volume being bid on at Britcoin? Was it 50 or more btc, or just a few? Also, actually getting btc at $13 on mtgox was very difficult. I placed two orders well above the $13.xx asking price and my orders didn't get placed, probably because of an overload of activity on their server.
