For transactions in USD: yes.
For transactions in Euro and other currencies, Mtgox still works fine. (Sending and receiving money works although you need 6 weeks to withdraw)
Topic: Why is BTC value significantly different among exchangers? - page 2. (Read 2027 times)
So can we safely say the community now assumes Bitstamp as the 'official' BTC value?
Almost
So can we safely say the community now assumes Bitstamp as the 'official' BTC value?
If MtGox price is distorted, why is it often taken as a reference in transactions? Or is it just sellers that intentionally take it as a reference to profit from its higher price?
It's our first exchange, the defacto standard but we're slowly switching to bitstamp
I think MTGox should go back to trading Magic the Gathering cards and drop bitcoins
They'll close soon. It's a burden now and the owner is done making millions and can go on permavacation. That fucker was at the right place at the right time. Insanely lucky.
If MtGox price is distorted, why is it often taken as a reference in transactions? Or is it just sellers that intentionally take it as a reference to profit from its higher price?
It's our first exchange, the defacto standard but we're slowly switching to bitstamp
I think MTGox should go back to trading Magic the Gathering cards and drop bitcoins
If MtGox price is distorted, why is it often taken as a reference in transactions? Or is it just sellers that intentionally take it as a reference to profit from its higher price?
It's our first exchange, the defacto standard but we're slowly switching to bitstamp
If MtGox price is distorted, why is it often taken as a reference in transactions? Or is it just sellers that intentionally take it as a reference to profit from its higher price?
I couldn't help but notice that BTC price varies significantly depending on which exchange websites you consider. In some cases the difference can be up to $100 (see Bitstamp and MtGox). What's the most reliable source?
Well I think, Mt.Gox has large user base distributed in various countries. They're more account than any other exchanges and most of them are buyer. And where ever buyer are more than seller, one can expect price to be high.
Arbitrage
You can't really arbitrage when it takes nearly 3 months to get any fiat out of mtgox.
Arbitrage
MtGox is distorted because its virtually impossible to withdraw fiat from it.
The "real" price is bitstamp / btc-e
The "real" price is bitstamp / btc-e
I couldn't help but notice that BTC price varies significantly depending on which exchange websites you consider. In some cases the difference can be up to $100 (see Bitstamp and MtGox). What's the most reliable source?
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