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Title: MtGox > Bitstamp Post by: Kiki112 on January 18, 2014, 04:00:27 PM Why is there such a big difference between prices in these 2 exchanges
mtgox.com (http://mtgox.com) says 898$ and bitstamp.net (http://bitstamp.net) says 799.3$ Is anyone exploiting this? It's like 100$ profit per bitcoin :D Title: Re: MtGox > Bitstamp Post by: pabloangello on January 18, 2014, 04:04:39 PM Why is there such a big difference between prices in these 2 exchanges mtgox.com (http://mtgox.com) says 898$ and bitstamp.net (http://bitstamp.net) says 799.3$ Is anyone exploiting this? It's like 100$ profit per bitcoin :D Try to send usd from mtgox to bitstamp. Title: Re: MtGox > Bitstamp Post by: Starscream on January 18, 2014, 04:20:38 PM To the best of my knowledge, exchange prices are a result of how easy / hard it is to withdraw / deposit money in said exchange website, as well as how big the exchange volume is.
Title: Re: MtGox > Bitstamp Post by: Kiki112 on January 18, 2014, 04:28:16 PM Why is there such a big difference between prices in these 2 exchanges mtgox.com (http://mtgox.com) says 898$ and bitstamp.net (http://bitstamp.net) says 799.3$ Is anyone exploiting this? It's like 100$ profit per bitcoin :D Try to send usd from mtgox to bitstamp. I'm not registered on either website that's why I'm asking for an elaboration :) Title: Re: MtGox > Bitstamp Post by: smoothie on January 18, 2014, 09:34:35 PM MTGOX's price is a result of the USD on their exchange being worth less than the USD on any other Bitcoin exchange.
Bitcoin's price is a measure (in USD) of the confidence people have in the USD portion of stored funds at any particular exchange. Simply put: MTGOX USD < ALL OTHER BTC EXCHANGES' USD When in fact it should be 1 MTGOXUSD = 1 BITSTAMPUSD....etc etc etc Title: Re: MtGox > Bitstamp Post by: Newar on January 18, 2014, 10:04:57 PM now they've got half the volume bitstamp has. Bitcoinaverage.com shows ~30% USD volume for each. With btc-e at another ~30%. Title: Re: MtGox > Bitstamp Post by: empoweoqwj on January 19, 2014, 03:02:06 AM Try searching on the forum for the three dozen other threads about exactly the same topic ;)
Basically you can't get fiat out of Gox. So people are forced to sell their fiat there instead of withdraw it. This artificially inflates the price of coins. |