Topic: MtGox spot price no longer "real" price of BTC? (Read 1514 times)
The gap has narrowed to a dollar.
Exactly, you can view this as a "liquidity" premium...
...Apparently the market has set a $5/BTC premium on trading at MtGox...
Gox has the liquidity, unfortunately.
If your theory of btce price being lower due to difficulty in moving money in and out, then shouldn't gox price be lower, not higher since a lifeline was just eliminated?
It's harder to get money in BTC-e than out.If case of Mtgox it's quite opposite. Easy to deposit, harder to withdraw.
The only pair you could do decent volume is Gox/BTC-E...
Where GOX is $4.50 higher right now.
To arb 100 size of BTC which is only $450 gross profit...
You would probably need to have at least $50,000 on each exchange...
And be wiring amounts near reportable thresholds...
And absorb time premium and counter-party risk...
What fun.
If your theory of btce price being lower due to difficulty in moving money in and out, then shouldn't gox price be lower, not higher since a lifeline was just eliminated?
It's harder to get money in BTC-e than out.If case of Mtgox it's quite opposite. Easy to deposit, harder to withdraw.
If your theory of btce price being lower due to difficulty in moving money in and out, then shouldn't gox price be lower, not higher since a lifeline was just eliminated?
There's a gap on btc-e as well because its hard to get USD in there
Looking at this thread, people were discussing a persistent $4 difference between gox and bitstamp - a month ago.
https://bitcointalksearch.org/topic/m.1913404
Not sure about Campbx then.
https://bitcointalksearch.org/topic/m.1913404
Not sure about Campbx then.
Ever since MtGox and Dwolla parted ways there has been a consistent $5 gap between the spot prices at MtGox and CampBX that has not been eliminated through arbitrage. Apparently the market has set a $5/BTC premium on trading at MtGox. Doesn't this mean the MtGox price can no longer be considered a reflection of the real market rate and that it's no longer useful as a guide in determining the retail cost of goods sold in BTC?
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