Basically you can't get fiat out of Gox. So people are forced to sell their fiat there instead of withdraw it. This artificially inflates the price of coins.
Topic: MtGox > Bitstamp (Read 1047 times)
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Basically you can't get fiat out of Gox. So people are forced to sell their fiat there instead of withdraw it. This artificially inflates the price of coins.
Basically you can't get fiat out of Gox. So people are forced to sell their fiat there instead of withdraw it. This artificially inflates the price of coins.
now they've got half the volume bitstamp has.
Bitcoinaverage.com shows ~30% USD volume for each. With btc-e at another ~30%.
MTGOX's price is a result of the USD on their exchange being worth less than the USD on any other Bitcoin exchange.
Bitcoin's price is a measure (in USD) of the confidence people have in the USD portion of stored funds at any particular exchange.
Simply put:
MTGOX USD < ALL OTHER BTC EXCHANGES' USD
When in fact it should be 1 MTGOXUSD = 1 BITSTAMPUSD....etc etc etc
Bitcoin's price is a measure (in USD) of the confidence people have in the USD portion of stored funds at any particular exchange.
Simply put:
MTGOX USD < ALL OTHER BTC EXCHANGES' USD
When in fact it should be 1 MTGOXUSD = 1 BITSTAMPUSD....etc etc etc
Why is there such a big difference between prices in these 2 exchanges
mtgox.com says 898$ and bitstamp.net says 799.3$
Is anyone exploiting this?
It's like 100$ profit per bitcoin
mtgox.com says 898$ and bitstamp.net says 799.3$
Is anyone exploiting this?
It's like 100$ profit per bitcoin
Try to send usd from mtgox to bitstamp.
I'm not registered on either website that's why I'm asking for an elaboration
To the best of my knowledge, exchange prices are a result of how easy / hard it is to withdraw / deposit money in said exchange website, as well as how big the exchange volume is.
Why is there such a big difference between prices in these 2 exchanges
mtgox.com says 898$ and bitstamp.net says 799.3$
Is anyone exploiting this?
It's like 100$ profit per bitcoin
mtgox.com says 898$ and bitstamp.net says 799.3$
Is anyone exploiting this?
It's like 100$ profit per bitcoin
Try to send usd from mtgox to bitstamp.
Why is there such a big difference between prices in these 2 exchanges
mtgox.com says 898$ and bitstamp.net says 799.3$
Is anyone exploiting this?
It's like 100$ profit per bitcoin
mtgox.com says 898$ and bitstamp.net says 799.3$
Is anyone exploiting this?
It's like 100$ profit per bitcoin
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