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Yes, the "run on the bank" is real. ( No one wants to sell on MtGox
if they can't get their USD out, so it's all buyers and no sellers
over there. )
Thus, the price is artificially inflated at MtGox.
The MtGox "Last Price" is not a valid reflection of the free market
value of a Bitcoin. It is skewed by the situation where sellers are
refusing to sell on MtGox... if they can't get their USD out.
But since everyone looks at the MtGox price as the defacto Bitcoin
price, all the other exchanges values are also affected.
As I said, I predict that it will pass $10.00 per Bitcoin..... before
the MtGox price finally crashes.
if they can't get their USD out, so it's all buyers and no sellers
over there. )
Thus, the price is artificially inflated at MtGox.
The MtGox "Last Price" is not a valid reflection of the free market
value of a Bitcoin. It is skewed by the situation where sellers are
refusing to sell on MtGox... if they can't get their USD out.
But since everyone looks at the MtGox price as the defacto Bitcoin
price, all the other exchanges values are also affected.
As I said, I predict that it will pass $10.00 per Bitcoin..... before
the MtGox price finally crashes.
is this true, on one can withdraw USD on MtGox?