Topic: MTGOX <-> BTC BID/ASK - page 40. (Read 74859 times)

Want to buy up to 15 GOXBTC with my real BTC.

We can use escrow or you can trust my long and positive trading history here.

PM me with offers. (all above 70% will not be considered)

lulz I just realized Mt Gox could buy its user's goxBTC for less realBTC and come up with an insane profit 

There's no need for an exchange & fees.

I have completed 7 goxBTC / realBTC deals with no problems.

Just do your homework and you will all be fine.

2% fee is pretty hefty 

Somebody offers 7 BTC for 10 GOX, my offer is 12 GOX for 10 BTC.
Current market difference is about 18%.
PM me if interested.

I will pay 10% of face Value. No Maximum amount.



Example,

You have 27 goxBTC, I will give you 2.7 BTC or PayPal ,ect.

You have 5.85 goxBTC, I will give you 0.585 BTC

Ouch!
If what MtGox says is true, this scenario is quite likely.
If MtGox is full of shit and the maeelability bug, known since 2011, is not the real reason - good luck with your new, 'cheap' Goxcoins.

The real trainwreck might still come..

Ente

hahaha goxBTC to BTC exchange ... 10 out of 10 for entertainment value - love the idea joshbb!
.....

But the real reason I'm posting here is this - imagine this hypothetical scenario:

1) someone buys goxBTC for real BTC
2) the seller of goxBTC is later found by MtGox to have cheated them by exploiting the current technical bug (withdrew BTC from Gox but then was reimbursed by Gox for what they thought was a "failed" transaction) and then sold the reimbursed goxBTC to an unsuspecting buyer for real BTC.
3) Gox go through all the customer account balances and delete the non-existent goxBTC from all accounts as part of their current fix

Possible? - Yes!
Probable? - Yes!

Does the buyer loose their acquired fraudulent goxBTC? - possibly!!!

Still buying Gox BTC at 70%.
I have been a member here since May 2011 and have made deals with Koparki and PeterBrand in this thread. I have also made a ton of other deals through this site without any problems, just search my username.
PM me if you want to sell.

I will also be putting up some orders to buy on joshbb's exchange.

Great, thanks for checking it out! I'll add a history of trades... as soon as there are some!

Ah yeah, when I first signed up I got verified by "maged" that I was [email protected].. I'm not sure if he or anybody else more well known in the forum could do that again? Or just post here....?

I have been a bit of a lurker recently on bitcointalk!

Thanks! I definitely was drawn to it a bit by the surrealism of it all, but also that nevertheless there clearly is a real need!

Hi Josh, this sounds a good idea! I signed up for your site and might buy some GoxBTC on it.
It would be great if we could see a history of trades that have been made on your site.

I see from your previous posts that you appear to be running Chunkhost and also doing a couple of other entrepreneurial things...it would be great if someone well known or with higher trust in the forum could vouch for you.

Heh, now that's the funniest kind of an exchange! :-)
No offense to you, all offense to MtGox!
I wish you good luck - and to everyone involved in this situation.


Well, before, you didn't need to be verified to transfer Bitcoins in and out. I didn't hear otherwise, and I guess they are busy with other things now instead of changing KYC games..
You should be all fine.

Ente

Hey guys!

I saw this thread and got to thinking.. this could be a whole lot easier if somebody just made an actual exchange between "Real" BTC and "Gox" BTC!

So I did!

Since my https://www.bitcoinbuilder.com/ site had fallen into a little bit of disuse (I made it two years ago... back then it was for using dwolla to automatically buy bitcoins on mtgox!), over the last two days I've re-purposed it to exactly this purpose. And now it's ready to launch!

Advantages of this over using this thread:

1. People who want to sell gox btc, you know any offers in the order book are legit and will execute immediately. No need for constant PMing and hoping the person willing to buy your gox btc is online right now and still willing to honor their post!
2. People who want to buy gox btc, you can now accept any size order without it being any work for you. Just place your limit order and forget about it.
3. As the exchange, I am a trusted "escrow" service all in one.. no more sending small amounts piece-by-piece/skyping/etc. (I can be considered "trusted" as a long time member of bitcoin talk.. I'm Josh Jones, founder of DreamHost, the Los Angeles Bitcoin Meetup, ChunkHost.com, BitMadness.com, 310-570-COIN, and so on!)

Note: there's a 2% transaction fee for all trades on bitcoinbuilder, and to be safe your withdrawal BTC addresses (one for "Real" BTC and one for your "Gox" BTC... must be a mtgox deposit address!) are permanently set and locked once you put them in. Also, all withdrawals are processed manually by me, once daily at (around) 11pm PST. That's because no coins are kept on the server at all, and you know, just to be super safe!

So, go check it out! I hope it makes sense and you find it useful. It seems to me like it should be somewhat at least!

Thanks,
josh!

Yes you are correct. Meant Gox is trading at a  78% of stamp (100-78=22  )

Surely you mean ~22%?

http://www.coinometrics.com/bitcoin/dispersion

Stamp is at 705 Gox at 550 for a 78% spread 
I can still offer 70% for gox BTC as long as the spread doesn't continue to widen. PM me

Given Gox's indefinite timeframe, and given the btc-e/gox spread, I'm currently willing to buy goxBTC for 65-70% realBTC depending on the amount.

I have completed 7 realBTC - goxBTC deals with members from this forum: gabbynot, rpietila, bimmerhead, micucci1127, OldHacker, jackmccauley, kwilliams.

The market is very volatile so things can of course change.

PM me to discuss more.

Prob not.

Does anyone know if this will work for unverified accounts?  (I am _not_ going to let them extort a pile of my personal info just to free my BTC!)