Topic: MtGox vs Bitstamp (Read 1743 times)
I screwed myself by holding some usd on there. Now the only way to get it out is to buy expensive coins. They don't send btc withdrawals quickly either, unless it's a small amount.
Bitstamp is now an exchange that constantly has coins being sold (dumped) for fiat and less actual trading going on. Processors like Bitpay constantly sell on their exchange and are driving the prices downward. MtGox prices stay high because no one can get fiat out.
Strong statement and demonstrably wrong.
It is fair to expect that people that Mark chooses can get as much fiat out as they wish.
And fair to expect that these people are becoming astonishingly rich.
Continuing this chain, it is pretty fair to guess that Mark could expect some pretty nice kickbacks both for favoring certain participants, and for perpetuating the really nice spread (by fucking everyone else such as myself.) That, to me, is the most logical explanation about why the spread continues to live on month after month.
Bitstamp is now an exchange that constantly has coins being sold (dumped) for fiat and less actual trading going on. Processors like Bitpay constantly sell on their exchange and are driving the prices downward. MtGox prices stay high because no one can get fiat out.
How many days does mtgox take to withdraw?
the difference is incrasing and now is 200$!! arbitrage could be very profitable..
I'm thinking where I should sell my bitcoins gained from mining..
the difference is incrasing and now is 200$!! arbitrage could be very profitable..
I'm thinking where I should sell my bitcoins gained from mining..
Last time I tried it took 10 days, withdraw on 6th Jan, got it 16th.
The time before it took 7 weeks, that was in november.
What kind of withdrawal was that? EUR withdrawal via SEPA? JPY withdrawal to a Japanese bank account?
roy
How many days does mtgox take to withdraw?
the difference is incrasing and now is 200$!! arbitrage could be very profitable..
I'm thinking where I should sell my bitcoins gained from mining..
the difference is incrasing and now is 200$!! arbitrage could be very profitable..
I'm thinking where I should sell my bitcoins gained from mining..
Last time I tried it took 10 days, withdraw on 6th Jan, got it 16th.
The time before it took 7 weeks, that was in november.
How many days does mtgox take to withdraw?
the difference is incrasing and now is 200$!! arbitrage could be very profitable..
I'm thinking where I should sell my bitcoins gained from mining..
the difference is incrasing and now is 200$!! arbitrage could be very profitable..
I'm thinking where I should sell my bitcoins gained from mining..
Do it and report back here how it went.
The biggest difference in my mind is that I have a pretty good idea about who Mt. Gox is. If they lose/sell my identity theft kit or I get ripped of by them (and they've been sitting on $5k without wiring it to me for 6 months now) I can place the responsibility squarely on Mark Fuckin Karpeles.
I don't know the same about Bitstamp. But I don't have an account with them and likely never will.
I tried to answer this question in the following post, if you would like to please check it out: https://bitcointalksearch.org/topic/mtgox-433590
FYI, bitstamp payment came through day after, lots of costs though ~38$ on a 500$ transfer! Don't know which of those where fixed costs and how much was "fraud" bankster exchange rate to my local currency...
Does bitstamp have an upper limit per day and month like MtGox?
Does bitstamp have an upper limit per day and month like MtGox?
There is a BTC withdrawal problem at Mtgox right now that has $10,000,000 worth of customer's funds locked up (including mine) and Mtgox are nowhere to be seen. (see Service Discussion forum) They are quickly burning through the little confidence there is remaining in their service.
How many days does mtgox take to withdraw?
the difference is incrasing and now is 200$!! arbitrage could be very profitable..
I'm thinking where I should sell my bitcoins gained from mining..
the difference is incrasing and now is 200$!! arbitrage could be very profitable..
I'm thinking where I should sell my bitcoins gained from mining..
Is there any rules prohibiting gox from market making? If they do have the liquidity, they can make a boat load of money by sending money to bitstamp, bitfinex, btc-e, cavirtex, etc., buy up the coins and dump it on their own exchange. The more this go on, the more it looks like a significant amount of their money must have been seized, frozen or under some kind of supervision, or they are setting up a 'giant scam' by setting up this crisis so they can arb the thing.
Gox is a low-volume, low-liquidity marketplace, ruled by bots, and not by reason. People only talk about Gox when they want to show the price of Bitcoin (as it's pretty much always the highest). When you can't really get fiat out of it easily, people buy bitcoins there to transfer them away to other exchanges and this drives the price up. I really don't get why somebody in their right mind would use Mt.Gox with its highest trading fees and volatility - the only reason I see is their bots being built against Gox APIs, but it's only a matter of time to fix software and support BTC-e or Bitstamp. It soon will be a history!
You get your money deposited into your bank account from coinbase quicker than 8 days...i haven't sold in a little while though, so maybe the turnaround times have slowed.
Gox is only price lead as long as volume is highest, you cannot use it to retrieve fiat, they are super slow to authenticate users and accounts. > 2 months. I did test transfer with bitstamp > 2 weeks ago havent looked if it came through yet.
$1,001 vs $821 ?! Are you kidding me?
That's a huge 20% difference!
That's a huge 20% difference!
Gox is a history ....move on
$1,001 vs $821 ?! Are you kidding me?
That's a huge 20% difference!
That's a huge 20% difference!
Don't use Gox. Simple.
and 8 days to retrieve your fiat money ... from bitcoin operation. 
8 days from which one? Coinbase is mirroring and probably using Bitstamp.
Why has the disparity been growing? I could explain a 10% difference as the withdrawal limitations with Mt Gox in the US since they lost their Dwolla account. But, now?
and 8 days to retrieve your fiat money ... from bitcoin operation.
what happens in 8 days?
and 8 days to retrieve your fiat money ... from bitcoin operation.
$1,001 vs $821 ?! Are you kidding me?
That's a huge 20% difference!
That's a huge 20% difference!
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