Topic: Low Prices at CaVirtEx: Is this a trend? (Read 1430 times)
Ah, smart. I knew I'm holding on to these VTX shares for a reason!
Paper work = getting those speculators who will be arbitraging the differences between markets to set up with verification and verified bank accounts and sutch. All voluntarily.
I think it is a preemptive flooding of Bitcoin on the exchange, as Joseph (VTX) is launching a merchant processing service and wants more liquidity and speculators to arb. Any price discrepancies so genuine opportunity now to get all the paper work out the way.
While Canadian merchant accepting XBT grows, this will be a trend.
While Canadian merchant accepting XBT grows, this will be a trend.
How does this get the paperwork out of the way? I'm not really understanding what you are saying here but sounds like you may be on to something lol. Could you explain further?
I think it is a preemptive flooding of Bitcoin on the exchange, as Joseph (VTX) is launching a merchant processing service and wants more liquidity and speculators to arb. Any price discrepancies so genuine opportunity now to get all the paper work out the way.
While Canadian merchant accepting XBT grows, this will be a trend.
While Canadian merchant accepting XBT grows, this will be a trend.
On cavirtex there's no method of depositing CAD funds that doesn't require verification. There's multiple of ways to withdraw fiat without verification.
Which means it's harder to get fiat in to buy than getting btc in to sell + withdrawing fiat. So it's like a reverse MtGox effect. I'm trying to get verified to get these bargain prices but I don't have any utility bills to prove my address. It's somewhat annoying.
Which means it's harder to get fiat in to buy than getting btc in to sell + withdrawing fiat. So it's like a reverse MtGox effect. I'm trying to get verified to get these bargain prices but I don't have any utility bills to prove my address. It's somewhat annoying.
Going back to this issue. The Last Trade @ cavirtex was $89.01 (85.69 USD) while bitstamp is at $104 (USD).
I'm really lost as to why there's a $19 difference in price.
I'm really lost as to why there's a $19 difference in price.
BTC-e is also lower than gox not just cavirtex. Keep an eye on it since its price varies often. I remember back in Apr cavirtex was actually higher than gox $10-$20.
I recently discovered CaVirtEx, and it's remarkable for two things, which I believe are highly correlated:
So, here's my question: How much of the current price level of BTC is directly attributable to the fact that it's much easier to exchange traditional currency for BitCoins than the other way around?
What if there were an American exchange that made getting dollars out as easy as CaVirtEx does? Would we see a massive BTC exodus, with an accompanying drop in value?
- Easy cash withdrawals
- Significantly lower exchange rates (~10% below Gox)
So, here's my question: How much of the current price level of BTC is directly attributable to the fact that it's much easier to exchange traditional currency for BitCoins than the other way around?
What if there were an American exchange that made getting dollars out as easy as CaVirtEx does? Would we see a massive BTC exodus, with an accompanying drop in value?
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