Topic: Europe decoupling from mtgox (Read 909 times)
nope, bitcoin.de is just slow to react to MtGox price changes. You cannot trade real-time like at MtGox, you buy and sell bitcoins in a similar way like on ebay. Users send money to each other and then confirm the transaction. After confirmation bitcoins are moved to the buyers address. Therefore arbitrage cannot be much automatized. There's no trading API either.
At the current moment with mtgox prices in the 7.80 Dollar range the cheapest bitcoin
that can be bought is at bitcoin.de is 7.89 Euro - the equivalent of 9.7 Dollar.
One might argue it is a to small exchange or not as liquid as mtgox or a great arbitrage opportunity.
To me personally it seems like these exchanges are a tidbit more rational and have decoupled
from mtgox as a pricemaker.
The need for coins as a crisis escape mechanism is certainly higher in Europe, especially
in Germany where the distrust in Greece as gone up tremendously. After Greece financed
their interest on Eurpean credits by taking more dept and pretending everything is OK
the technocrats of the developed world are wising up.
So if you can export those cheap coins to Germany. Euros are waiting for you.
that can be bought is at bitcoin.de is 7.89 Euro - the equivalent of 9.7 Dollar.
One might argue it is a to small exchange or not as liquid as mtgox or a great arbitrage opportunity.
To me personally it seems like these exchanges are a tidbit more rational and have decoupled
from mtgox as a pricemaker.
The need for coins as a crisis escape mechanism is certainly higher in Europe, especially
in Germany where the distrust in Greece as gone up tremendously. After Greece financed
their interest on Eurpean credits by taking more dept and pretending everything is OK
the technocrats of the developed world are wising up.
So if you can export those cheap coins to Germany. Euros are waiting for you.
Jump to: