Huge arbitration opportunity if you're European

gizmoh

legendary

Activity: 1428

Merit: 1000

If one thinks he can withdraw EURO easily out of Gox, he is plain wrong. All withdrawals of 1,000 euro and above are getting seriously delayed.

From: https://bitcointalk.org/index.php?topic=179586.160

Quote from: BobLemoine on June 20, 2013, 12:51:42 PM

I'm curious to understand in which order MtGox proces our Euro SEPA withdrawal ?
For sure it's not in first in first out !!!
This is my datas :
2013/05/04 745e -> received on 2013/05/07 (3 days)
2013/05/05 1000e -> received on 2013/06/03 (29 days)
2013/05/06 1000e -> 45 days and still waiting ...
2013/05/07 1200e -> Waiting ...
2013/05/15 2000e -> Waiting ...
I'll update, If it's can help to find the clue.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: EuroTrash on June 21, 2013, 12:10:02 AM

Quote from: vokain on June 20, 2013, 11:15:30 PM

1. Buy BTC on bitstamp
2. Sell on MtGox
3. Huh

(Withdraw EUR)
4. Profit!!

Good luck waiting for your SEPA transfer to arrive.

Yep. I was thinking the same- except you can't get your money out of gox right now. So I'm tempted to sell at GOX, but then whats the point? I can't get the money back out right now. I think this price disparity will last for another two weeks. As long as withdrawls are on hold at gox people will need to sell at Bitstamp and accept whatever price BTC sellers demand at gox.

dnaleor

legendary

Activity: 1470

Merit: 1000