MtGox <-> BitStamp price divergence?

Sage

hero member

Activity: 632

Merit: 500

Quote from: seleme on February 16, 2014, 06:59:05 AM

Hard to imagine Mark not arbing the gap between Gox and Stamp.

Guess withdrawals will be open when he makes enough coins arbing to cover losses.

If the insiders at Gox try this I sure as hell hope some whistleblower comes forward... and/or they leave a paper trail that eventually busts them.

Doing this would be nothing short of thievery from their clients.

Shenanigans need to start leading to jail time for the perpetrators if crytpo currencies are ever going to see mainstream legitimacy.

xyzxyzxyz

member

Activity: 280

Merit: 10

What price are the insiders at Gox waiting for, $1?

Zaghomat

member

Activity: 66

Merit: 10

Can someone explain to me who is selling on gox for that price?? Seems really dumb to me. If they go bankrupt you won't get your money anyway and if they fix their problems you would have sold your bitcoin for half the price.

spiderbrain

legendary

Activity: 889

Merit: 1013

Quote from: EuroTrash on February 16, 2014, 06:21:56 AM

I can't believe that in mid Feb 2014 there still are people coming to this forum and asking the same fucking questions over and over and over again.

Unlike bitcoin there is no limit to the number of idiots.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Hard to imagine Mark not arbing the gap between Gox and Stamp.

Guess withdrawals will be open when he makes enough coins arbing to cover losses.

EuroTrash

hero member

Activity: 728

Merit: 500

I can't believe that in mid Feb 2014 there still are people coming to this forum and asking the same fucking questions over and over and over again.

ledmaniak

sr. member

Activity: 266

Merit: 250

Quote from: Sage on February 14, 2014, 08:13:00 PM

Quote from: ledmaniak on February 14, 2014, 08:40:07 AM

If the owners of mtgox are smart, they should do lots of arbitrage to other exchanges, then they earn some money and use this to slowly withdraw to their customers.. Price will rise and people will have less FUD.

... In essence stealing from their clients while they hold their wealth hostage. Profitable... but so is robbing banks. Anything but ethical.

... in essence, that is exactly what normal banks are doing. They lend your money 3 or 4 times the value and gain huge profits. Banks keep the profit for themselves but that's why I'm saying:

Quote from: howardb on February 14, 2014, 03:17:40 PM

Quote from: ledmaniak on February 14, 2014, 08:40:07 AM

If the owners of mtgox are smart, they should do lots of arbitrage to other exchanges, then they earn some money and use this to slowly withdraw to their customers.. Price will rise and people will have less FUD.

The price at Mt.Gox just reflects the fact that (almost) no market is really being made there now, no liquidity, no buyers, no sellers. So arbitrage is not a possibility either.

Price is fluctuating a lot so there are buyers and sellers.

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: DaFockBro on February 14, 2014, 09:50:11 PM

Seems like they'd make a hell of a lot more just running a legit business that doesn't lose all their customers to competitors.

Greed - it is a problem of many.

DaFockBro

newbie

Activity: 126

Merit: 0

Seems like they'd make a hell of a lot more just running a legit business that doesn't lose all their customers to competitors.

Sage

hero member

Activity: 632

Merit: 500

Quote from: ledmaniak on February 14, 2014, 08:40:07 AM

If the owners of mtgox are smart, they should do lots of arbitrage to other exchanges, then they earn some money and use this to slowly withdraw to their customers.. Price will rise and people will have less FUD.

... In essence stealing from their clients while they hold their wealth hostage. Profitable... but so is robbing banks. Anything but ethical.

ddink7

legendary

Activity: 1120

Merit: 1000

Quote from: ledmaniak on February 14, 2014, 08:40:07 AM

If the owners of mtgox are smart

WTF?

howardb

hero member

Activity: 574

Merit: 500

Quote from: ledmaniak on February 14, 2014, 08:40:07 AM

If the owners of mtgox are smart, they should do lots of arbitrage to other exchanges, then they earn some money and use this to slowly withdraw to their customers.. Price will rise and people will have less FUD.

The price at Mt.Gox just reflects the fact that (almost) no market is really being made there now, no liquidity, no buyers, no sellers. So arbitrage is not a possibility either.

ledmaniak

sr. member

Activity: 266

Merit: 250

If the owners of mtgox are smart, they should do lots of arbitrage to other exchanges, then they earn some money and use this to slowly withdraw to their customers.. Price will rise and people will have less FUD.

kgo

hero member

Activity: 548

Merit: 500

Simple.

People are afraid they won't ever get their bitcoins from MtGox...

So they're selling them for cash...

Which they can't withdrawal either...

Genius!

DoctorOz

newbie

Activity: 56

Merit: 0

supply and demand - buy cheap at MT Gox, and see how long it takes you to get your Bitcoins...

http://www.forexnews.com/blog/2014/02/14/mtgox-bitcoin-spread-explodes-35-sparking-solvency-fears/

Sage

hero member

Activity: 632

Merit: 500

If Gox ever starts processing withdrawals again then arbitrage the hell out of it while you can.

Insiders will make a $%^& killing,

ineedit

sr. member

Activity: 252

Merit: 250

My thoughts https://bitcointalksearch.org/topic/m.5138885

CryptoBeggar

member

Activity: 119

Merit: 10

Quote from: xyzxyzxyz on February 14, 2014, 06:08:19 AM

How long is it taking to get USD into Mt Gox? Could be the trade of the year if they ever allow bitcoin withdrawal again.

Try sending to Karpeles' personal address, that's how Chinese solved it with huobi. Just a thought though, you may wait out till gox dies and than attempt to withdraw through his personal wallet (maybe even attempt multiple withdrawals).

Quick estimation per 1000 $ USD:

Buy in at price ~50$ (in a few days) -> 20 BTC
At least three fake withdrawals succeed (4 altogether) -> 80 BTC

Sell at rebound on stamp (850 $) -> 68000 $

ljudotina

legendary

Activity: 1260

Merit: 1029

Please, for love of god, please stop talking about MtGox. They are dead. Get whatever you can out of there and move to other exchanges. Delte their bookmarks, hit yourself in the hea dwith something hard to forget em and stop bothering us with dead exchange...DEAD

gollum

sr. member

Activity: 434

Merit: 250

In Hashrate We Trust!

"Some bitcoins are more equal than others" Wink

Topic: MtGox <-> BitStamp price divergence? (Read 2521 times)