Topic: Why Is MtGox Trading 3BTC Above Bitstamp? (Read 1453 times)
Transferwise have stopped accepting Bitcoin transactions so it's even harder to make deposits into Bitstamp. I wonder how long that exchange will last.
Now that bitcoin-24 is closed mtgox that was usually the cheapest place to buy bitcoin, starts to be the most expensive.
It's been like 10 days i noticed this.
Any explanation?
My 2 cents
1) Maybe poeple with FIAT realized that even if MTGOX is not heaven it is probably safer there than in other exchange (this difference) is not the case for bitcoin as you can withdraw them instantly to a safe wallet. Wich would lead to a little more fiat and a little less bitcoin.
2) Or they speed up the validation process wich lead to a huge increase of poeple starting to pour usd in the gox machine...
I feel there is something under that.
It's been like 10 days i noticed this.
Any explanation?
My 2 cents
1) Maybe poeple with FIAT realized that even if MTGOX is not heaven it is probably safer there than in other exchange (this difference) is not the case for bitcoin as you can withdraw them instantly to a safe wallet. Wich would lead to a little more fiat and a little less bitcoin.
2) Or they speed up the validation process wich lead to a huge increase of poeple starting to pour usd in the gox machine...
I feel there is something under that.
Just try it, it's not that easy.
If buy 100btc at bitstamp now for $13289 I could sell them at Mtgox for $13600, now i gotta move that money over to Bitstamp. Probably looking at 4-5 days depending. So your $13k can make you $300 every week and you hope that receiving and sending all this fiat doesn't draw unwanted attention.
If buy 100btc at bitstamp now for $13289 I could sell them at Mtgox for $13600, now i gotta move that money over to Bitstamp. Probably looking at 4-5 days depending. So your $13k can make you $300 every week and you hope that receiving and sending all this fiat doesn't draw unwanted attention.
What about using Bitinstant to transfer from Bitstamp to Gox?
Just try it, it's not that easy.
If buy 100btc at bitstamp now for $13289 I could sell them at Mtgox for $13600, now i gotta move that money over to Bitstamp. Probably looking at 4-5 days depending. So your $13k can make you $300 every week and you hope that receiving and sending all this fiat doesn't draw unwanted attention.
If buy 100btc at bitstamp now for $13289 I could sell them at Mtgox for $13600, now i gotta move that money over to Bitstamp. Probably looking at 4-5 days depending. So your $13k can make you $300 every week and you hope that receiving and sending all this fiat doesn't draw unwanted attention.
What about using Bitinstant to transfer from Bitstamp to Gox?
i thought about that
Just try it, it's not that easy.
If buy 100btc at bitstamp now for $13289 I could sell them at Mtgox for $13600, now i gotta move that money over to Bitstamp. Probably looking at 4-5 days depending. So your $13k can make you $300 every week and you hope that receiving and sending all this fiat doesn't draw unwanted attention.
If buy 100btc at bitstamp now for $13289 I could sell them at Mtgox for $13600, now i gotta move that money over to Bitstamp. Probably looking at 4-5 days depending. So your $13k can make you $300 every week and you hope that receiving and sending all this fiat doesn't draw unwanted attention.
Maybe the people is scary after bitcoin24 closing and prefer not sending the money to Slovenia.
Surely Arbitrage would have made them equal? Any ideas?
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