Bitcoin Forum

Economy => Speculation => Topic started by: yomofo on December 19, 2013, 03:55:11 PM



Title: Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?
Post by: yomofo on December 19, 2013, 03:55:11 PM
has anyone withdrawn btc from btcchina after the crash?  we can gauge when the arbitrage will begin based on that.


currently bistamp is $665 and china is $540, that is a 23% price difference.  why is nobody arbitraging yet?  is there a delay in btc withdrawals from china?


Title: Re: Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?
Post by: ElectricMucus on December 19, 2013, 03:59:26 PM
Because there is no way to deposit there. It's the same situation as on mtgox, just reversed.

Damn, Bitcoin is so stupid.


Title: Re: Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?
Post by: yomofo on December 19, 2013, 04:07:34 PM
Because there is no way to deposit there. It's the same situation as on mtgox, just reversed.

Damn, Bitcoin is so stupid.

im sure there are plenty of whales in china who still have bitcoins. 


Title: Re: Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?
Post by: ElectricMucus on December 19, 2013, 04:08:51 PM
Yes but they can't sell them on mtgox to cash out. ;D


Title: Re: Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?
Post by: dg2010 on December 19, 2013, 04:08:55 PM
Because there is no way to deposit there. It's the same situation as on mtgox, just reversed.

Damn, Bitcoin is so stupid.

What exactly is stupid about Bitcoin in this situation?


Title: Re: Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?
Post by: ElectricMucus on December 19, 2013, 04:09:52 PM
Because there is no way to deposit there. It's the same situation as on mtgox, just reversed.

Damn, Bitcoin is so stupid.

What exactly is stupid about Bitcoin in this situation?

Bitcoiners


Title: Re: Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?
Post by: EuroTrash on December 19, 2013, 04:20:22 PM
Because there is no way to deposit there. It's the same situation as on mtgox, just reversed.

Damn, Bitcoin is so stupid.

im sure there are plenty of whales in china who still have bitcoins. 

For some western whales the arbitration opportunity was well worth a business trip to the China Free Trade zone, in person and with a bag full of cash.


Title: Re: Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?
Post by: ElectricMucus on December 19, 2013, 04:23:24 PM
Because there is no way to deposit there. It's the same situation as on mtgox, just reversed.

Damn, Bitcoin is so stupid.

I can't move fiat money because some authority or middleman says no.

It's Bitcoin's fault!

WTF Mucus?

Ok just for you substitute Bitcoin with "The people and current state of affairs surrounding Bitcoin along with their actions."
For me and everybody else this is just too lengthy.


Title: Re: Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?
Post by: dg2010 on December 19, 2013, 04:29:27 PM
Ok just for you substitute Bitcoin with "The people and current state of affairs surrounding Bitcoin along with their actions."
For me and everybody else this is just too lengthy.

You sound just like one of those stupid "Bitcoiners" to me.


Title: Re: Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?
Post by: ElectricMucus on December 19, 2013, 04:33:18 PM
Yeah I am not too bright.