Thanks for the info. What happens to MTGOX now?
Congestion in BTC and cash out flow
Topic: Price difference between Bitstamp and MTGOX. (Read 677 times)
Congestion in BTC and cash out flow
Thanks for the info. What happens to MTGOX now?
The reason is that you can't get fiat out of MTGox. So everyone is buying BTC and that makes the price go up. Then they transfer the BTC out to bitstamp and btc-e and sell and that causes the price on those exchanges to go down, which causes the gap. The more fear that there is the larger the diference there will be.
Gox is artificially high because everyone there is selling, driving the price up.
Why are they selling? Because Gox has essentially infinite delays when withdrawing fiat.
Why are they selling? Because Gox has essentially infinite delays when withdrawing fiat.
Hi
Newbie here, could you guys please explain to me why the prices at bitstamp and mtgox are different?
Sincerely,
Dogs
Newbie here, could you guys please explain to me why the prices at bitstamp and mtgox are different?
Sincerely,
Dogs
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