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Title: MtGox spot price no longer "real" price of BTC? Post by: mickeyshrugged on May 21, 2013, 06:37:30 AM 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?
Title: Re: MtGox spot price no longer "real" price of BTC? Post by: solex on May 21, 2013, 06:44:14 AM Looking at this thread, people were discussing a persistent $4 difference between gox and bitstamp - a month ago.
https://bitcointalk.org/index.php?topic=182568.msg1913404#msg1913404 Not sure about Campbx then. Title: Re: MtGox spot price no longer "real" price of BTC? Post by: swordfish6975 on May 21, 2013, 07:24:46 AM There's a gap on btc-e as well because its hard to get USD in there
Title: Re: MtGox spot price no longer "real" price of BTC? Post by: ironstove on May 21, 2013, 09:11:30 AM 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?
Title: Re: MtGox spot price no longer "real" price of BTC? Post by: RoadTrain on May 21, 2013, 07:12:05 PM 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. Title: Re: MtGox spot price no longer "real" price of BTC? Post by: QuantPlus on May 22, 2013, 01:24:07 AM 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. Title: Re: MtGox spot price no longer "real" price of BTC? Post by: btc6000 on May 22, 2013, 04:12:22 AM ...Apparently the market has set a $5/BTC premium on trading at MtGox... Gox has the liquidity, unfortunately. Title: Re: MtGox spot price no longer "real" price of BTC? Post by: lollipierre on May 22, 2013, 03:31:09 PM Exactly, you can view this as a "liquidity" premium...
Title: Re: MtGox spot price no longer "real" price of BTC? Post by: mickeyshrugged on May 23, 2013, 08:06:06 PM The gap has narrowed to a dollar.
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