Topic: Huge BTC price difference between MtGox and BTC-E + Bitstamp (Read 1645 times)
Was this a potential reason why Mt.gox was insolvent, incentivizing users to hold bitcoins at their exchange due to a purposeful inflated price difference?
MtGox has "issues" for actually withdrawing fiat... could be part of the reason.
Thanks! If getting out the cash is restricted, that's a perfect explanation.
Use bitstamp price since it's the actual price you can get Bitcoin for IMO
I track differences between the markets if you're interested in longish-term data here: https://daybittrader.com <- I use Coinbase as a baseline, but if you look at the charts you'll see it tracks pretty close to Bitstamp.
Good answer in this thread: https://bitcointalksearch.org/topic/m.4466402
Post numbre #6
Post numbre #6
MtGox has "issues" for actually withdrawing fiat... could be part of the reason.
Hi everyone,
I'm curious why is there such a big price difference between MtGox (USD 967) and BTC-E/Bitstamps (USD 860)?
The few dollar difference between BTC-E and Bitstamps is explainable - transaction time and transaction costs, but 10% premium at MtGox is huge, and it has been like it for many days.
Thanks!
I'm curious why is there such a big price difference between MtGox (USD 967) and BTC-E/Bitstamps (USD 860)?
The few dollar difference between BTC-E and Bitstamps is explainable - transaction time and transaction costs, but 10% premium at MtGox is huge, and it has been like it for many days.
Thanks!
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