Topic: If Mt.Gox opens litecoin trading, could that suddenly eliminate the $15+ spread? (Read 1512 times)
August 19, 2013, 07:59:55 PM
hard to transfer cash between exchanges - easy to transfer bticoins/litecoins - arbitrage opportunity will begin decreasing. end of story.
August 19, 2013, 03:26:53 PM
It would indeed open a second market to people who want to get rid of their goxed USD.
So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price...
Depends, are there a decent amount of people (or 1 rich one :-) ) willing to sell their LTC at gox at <20% premium? So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price...
August 19, 2013, 01:50:24 PM
It would indeed open a second market to people who want to get rid of their goxed USD.
So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price...
Well stated. So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price...
August 19, 2013, 09:04:49 AM
It would indeed open a second market to people who want to get rid of their goxed USD.
So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price...
So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price...
August 19, 2013, 07:06:49 AM
What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $.
or lack of value of GoxUSD as it cost 20% to withdraw.
The LTC value @ gox would just end up being 20% higher than everywhere else as well. IT's a Fiat IN/Fiat OUT problem.
We agree, but for the "just" characterization.
August 19, 2013, 06:54:15 AM
What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $.
or lack of value of GoxUSD as it cost 20% to withdraw.
The LTC value @ gox would just end up being 20% higher than everywhere else as well. IT's a Fiat IN/Fiat OUT problem.
August 19, 2013, 06:50:57 AM
What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $.
or lack of value of GoxUSD as it cost 20% to withdraw.
August 19, 2013, 06:42:45 AM
What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $.
or lack of value of GoxUSD as it cost 20% to withdraw.
August 18, 2013, 11:14:35 PM
What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $.
August 18, 2013, 10:52:18 PM
That would be pretty great if that's what ended up happening. Instead of closing the USD/BTC loop, the spread between LTC/BTC would equalize across Mt. Gox and BTC-e, and then people could withdraw fiat from BTC-e (assuming that's easier than Mt. Gox).
This thought just occurred to me so maybe I am skipping over an important detail....
This thought just occurred to me so maybe I am skipping over an important detail....
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