Topic: Lets say Gox returned withdrawals to normal tomorrow (Read 978 times)
Mtgox price would drop. Bitstamp would rise a little I guess, just because of the arbitrage bots kicking back in. After the initial day or so, the selling pressure that has been suppressed so far might come back, leading both exchanges further down.
Gox's price will hopefully meet the other exchanges half way on price. Or a panic sell could ensue when people cash out coin for as much as they think they can get in the short term. It's all a matter of what Bitcoins already doing when the banking restrictions are lifted.
Gox's price would drop quickly. Bitstamps would likely rise a little. Some people wouldn't switch from gox to bitstamp as once gox is working somewhat better than it currently is, they will just deal with it.
Where would the price land relative to that of Bitstamp?
I feel as if we'll end up a lot closer to Gox's price, as most people who have a Bitstamp account have a Gox account, not vice versa, so the arbitrage will only exist for buying coins.
I feel as if we'll end up a lot closer to Gox's price, as most people who have a Bitstamp account have a Gox account, not vice versa, so the arbitrage will only exist for buying coins.
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