BTC $100 difference between the exchanges - page 2.

DannyHamilton

legendary

Activity: 3528

Merit: 4945

Quote from: moderate on November 12, 2013, 07:05:42 PM

You managed to go complete nonsense on that comparison. Isn't it clear enough that only bitcoin is being compared in the OP ? Translating your comparison back to coins, what you're effectively doing there is comparing bitcoin vs litecoin in USD terms and saying that one is worth more dollars than the other, lol really ?

You are completely mistaken. The OP is not comparing "only bitcoin". The OP is comparing "exchanges", each with their own features, and costs, and benefits, and issues. I'm not comparing bitcoin to litecoin, I'm comparing MtGox to Vircurex (and to BitStamp, and to BTC-E) and saying use of one is worth more dollars than the other. And yes, really.

Quote from: moderate on November 12, 2013, 07:05:42 PM

The only thing you got right was pointing out that Mt.Gox is not an USA company[

Is that so? Perhaps you are falling back on preconceived notions.

Quote from: moderate on November 12, 2013, 07:05:42 PM

congrats.

Thanks.

moderate

member

Activity: 98

Merit: 10

nearly dead

Quote from: DannyHamilton on November 12, 2013, 04:52:36 PM

Quote from: BittBurger on November 12, 2013, 11:59:32 AM

Someone needs to do something about this already.

Someone? Explain?

And why does anything have to be done about it. People will use the exchange that meets their particular needs at the best value available to them.

Quote from: BittBurger on November 12, 2013, 11:59:32 AM

I know its trendy for everyone to say Gox sucks here, but lets have an intelligent discussion void of the nonsense logic that the biggest US exchange is "irrelevant".

I'm pretty sure MtGox is a Japanese exchange.

Subject: Computers $800 difference between the merchants!

Someone needs to do something about this already.
Apple Mac Mini computer is at $600 while Dell Alienware Aurora is at $1400 right now.

I know its trendy for everyone to say Apple sucks here, but lets have an intelligent discussion void of the nonsense logic that a huge US company is "irrelevant".

IQ required please.

You managed to go complete nonsense on that comparison. Isn't it clear enough that only bitcoin is being compared in the OP ? Translating your comparison back to coins, what you're effectively doing there is comparing bitcoin vs litecoin in USD terms and saying that one is worth more dollars than the other, lol really ?

The only thing you got right was pointing out that Mt.Gox is not an USA company, congrats.

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: ?? on ??

It's difficult to move fiat around the world.

The main thing that bitcoin is trying to solve.
Moving money easier.

DannyHamilton

legendary

Activity: 3528

Merit: 4945

Quote from: BittBurger on November 12, 2013, 11:59:32 AM

Someone needs to do something about this already.

Someone? Explain?

And why does anything have to be done about it. People will use the exchange that meets their particular needs at the best value available to them.

Quote from: BittBurger on November 12, 2013, 11:59:32 AM

I know its trendy for everyone to say Gox sucks here, but lets have an intelligent discussion void of the nonsense logic that the biggest US exchange is "irrelevant".

I'm pretty sure MtGox is a Japanese exchange.

Subject: Computers $800 difference between the merchants!

Someone needs to do something about this already.
Apple Mac Mini computer is at $600 while Dell Alienware Aurora is at $1400 right now.

I know its trendy for everyone to say Apple sucks here, but lets have an intelligent discussion void of the nonsense logic that a huge US company is "irrelevant".

IQ required please.

solracx

sr. member

Activity: 294

Merit: 250

Quote from: Savior on November 12, 2013, 12:14:38 PM

I think the reason china exchange is higher then mtgox, is they don't have many early adopters selling, creating a much bigger demand then supply compared to the rest of the world. And the rest off us can't exactly put bitcoins in there and transfer the money from china to home.

That is indeed interesting observation. If fiat can't move freely between borders, then the amount of Bitcoin per border (i.e. country) is also limited. So this makes the total Bitcoin pie if much bigger than expected. Let's say China needs 1/4 of all BTC, U.S. the other 1/4, Europe 1/4 and there rest of the world the remaining. That means the U.S. trading public sees only a limited supply of 11 million/4 -> A little less than 3 million bitcoins!!!!

yogi

legendary

Activity: 947

Merit: 1042

Hamster ate my bitcoin

Quote from: ?? on ??

Quote from: DiamondCardz on November 12, 2013, 12:05:44 PM

Pretty sure Gox isn't reliable due to the USD withdrawal problems, so it's price is inflated. I think Bitstamp is the best price indicator.

BTCChina is higher than Gox. Wink

Yeah, BTCChina is currently ruling the market, BitStamp and co. are just slow to catch up.

Savior

full member

Activity: 176

Merit: 100

I think the reason china exchange is higher then mtgox, is they don't have many early adopters selling, creating a much bigger demand then supply compared to the rest of the world. And the rest off us can't exactly put bitcoins in there and transfer the money from china to home.

AZIZ1977

hero member

Activity: 504

Merit: 500

i am pretty sure the owners of the big exchanges are making big money through the huge difference in prices.

DiamondCardz

legendary

Activity: 1134

Merit: 1118

Pretty sure Gox isn't reliable due to the USD withdrawal problems, so it's price is inflated. I think Bitstamp is the best price indicator.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: ?? on ??

It's difficult to move fiat around the world.

Also the spread is roughly the same as it always has been in percentage terms.

BittBurger

hero member

Activity: 924

Merit: 1001

Someone needs to do something about this already.

MTGOX is at $385 while Vircurex is at $290 right now.

Bitstamp is at $352, and even BTC-E is $50 different than Gox at $339.....

I know its trendy for everyone to say Gox sucks here, but lets have an intelligent discussion void of the nonsense logic that the biggest US exchange is "irrelevant".

IQ required please.

Topic: BTC $100 difference between the exchanges - page 2. (Read 4361 times)