Author

Topic: Mt. Gox market values (Read 680 times)

hero member
Activity: 868
Merit: 1000
January 29, 2014, 01:22:10 PM
#10
BTC values so much higher than other exchanges is a mystery !

Not really.


Why are the Mt. Gox BTC values so much higher than other exchanges?  Is anyone paying that price?
Due to the long waiting times to withdraw fiat out of Mtgox, I guess people are just buying and then withdrawing Bitcoins as it would be quicker.

Exactly.
People having been waiting for months to get their USD withdrawals.
Some decide not to wait anymore. They cancel the USD withdrawal, buy back some bitcoin, and make a BTC withdrawal instead.
newbie
Activity: 7
Merit: 0
January 28, 2014, 08:24:40 PM
#9
If you are in the US, getting USD out of Gox is pretty much pointless.  They have basically distanced themselves from the US market since the whole Dwolla account seizure and then the CoinLab fiasco.  The only way to get your money out in a timely manner is to convert it to BTC and withdraw it.
newbie
Activity: 29
Merit: 0
January 28, 2014, 03:45:59 PM
#8
Has anyone managed to get a fiat withdrawal from MtGOx lately??
newbie
Activity: 6
Merit: 0
January 28, 2014, 09:09:46 AM
#7
Solution is P2P exchange
member
Activity: 70
Merit: 10
January 28, 2014, 08:07:32 AM
#6
BTC values so much higher than other exchanges is a mystery !
global moderator
Activity: 3794
Merit: 2615
Join the world-leading crypto sportsbook NOW!
January 28, 2014, 06:23:04 AM
#5
Yep, you can pretty much ignore the Mtgox price in USD... People like to use it as a guide because it always sounds higher but it's not a true reflection of the overall market.


Well, sellers like to use the gox price, buyers don't  Grin.
member
Activity: 112
Merit: 10
HASHRA - MINING TO THE MOON
January 27, 2014, 10:50:50 PM
#4
Yep, you can pretty much ignore the Mtgox price in USD... People like to use it as a guide because it always sounds higher but it's not a true reflection of the overall market.
hero member
Activity: 868
Merit: 1000
January 27, 2014, 06:39:22 PM
#3
Why are the Mt. Gox BTC values so much higher than other exchanges?  Is anyone paying that price?
Due to the long waiting times to withdraw fiat out of Mtgox, I guess people are just buying and then withdrawing Bitcoins as it would be quicker.

Exactly.
People having been waiting for months to get their USD withdrawals.
Some decide not to wait anymore. They cancel the USD withdrawal, buy back some bitcoin, and make a BTC withdrawal instead.
hero member
Activity: 980
Merit: 1000
www.DonateMedia.org
January 27, 2014, 12:16:57 PM
#2
Why are the Mt. Gox BTC values so much higher than other exchanges?  Is anyone paying that price?
Due to the long waiting times to withdraw fiat out of Mtgox, I guess people are just buying and then withdrawing Bitcoins as it would be quicker.
newbie
Activity: 26
Merit: 10
January 27, 2014, 12:15:50 PM
#1
Why are the Mt. Gox BTC values so much higher than other exchanges?  Is anyone paying that price?
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