MTGOX - something wrong here... | Bitcointalksearch.org

LordGreynick

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Quote from: publio on June 07, 2012, 08:43:12 PM

Quote from: Andrew Vorobyov on June 07, 2012, 05:32:34 PM

it means you can not buy, sell, then buy again - because you will lose money doing it...

You can, you will just lose money. There are people that lose money trading.

If Mt Gox kept to the schedules they promise on their website, then a lot of people wouldn't be losing money

publio

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Quote from: Andrew Vorobyov on June 07, 2012, 05:32:34 PM

it means you can not buy, sell, then buy again - because you will lose money doing it...

You can, you will just lose money. There are people that lose money trading.

Stephen Gornick

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Quote from: Andrew Vorobyov on June 07, 2012, 05:32:34 PM

But every other thread about MTGOX is - liquidity problems - people wait for transfers... so things does not add up... ~$4M on balance and no withdrawals.

No withdrwawals? There are lots of funds being withdrawn near the normal schedules. (SEPA withdrawals, 2-3 day, for instance, I'm told).

But your general point makes sense.

Andrew Vorobyov

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Last 3 weeks MTGOX had $1.4M (bitcoincharts.com) weekly turnover during rising prices.. it means you can not buy, sell, then buy again - because you will lose money doing it...

It means most of this turnover was one way - Cash => BTC.

There is small chance that this whole ~$4M was requested to be withdrawn immediately. So a LOT of this money stays on the account of MTGOX.

But every other thread about MTGOX is - liquidity problems - people wait for transfers... so things does not add up... ~$4M on balance and no withdrawals.

Some of them forced to buy BTC back on MTGOX and transfer it to another exchange, spurring BTC rate higher but not for a long time... finally they will need to sell it again.

Topic: MTGOX - something wrong here... (Read 1260 times)