Bitcoin Forum

Economy => Service Discussion => Topic started by: Demolitionx on February 16, 2014, 08:44:33 PM



Title: MtGox to Coinbase?
Post by: Demolitionx on February 16, 2014, 08:44:33 PM
Considering the large price difference between these two, can't you just buy a btc at mtgox and transfer to/sell it at coinbase or anywhere else that has a similar price? Is there something i'm missing? (sorry im kinda new to the whole thing).


Title: Re: MtGox to Coinbase?
Post by: rmines on February 16, 2014, 08:46:24 PM
Yes, they're delaying BTC / fiat withdrawals.

http://www.businessinsider.com/mtgox-halts-withdrawals-2014-2

Don't be tempted to make a quick profit, you'll lose your money.


Title: Re: MtGox to Coinbase?
Post by: griffinriz on February 16, 2014, 08:55:24 PM
But i read that it take minimum of 1 year to withdraw from MTGOX  :P


Title: Re: MtGox to Coinbase?
Post by: Minefield4 on February 16, 2014, 08:58:37 PM
But i read that it take minimum of 1 year to withdraw from MTGOX  :P
ah...BUT if you buy low now, by the time you get your coints they will be worth so much more! Long distance trading FTW!

Seriously though, avoid MTgox like it's the plague.


Title: Re: MtGox to Coinbase?
Post by: Sonny on February 16, 2014, 08:59:09 PM
Yes, they're delaying BTC / fiat withdrawals.

http://www.businessinsider.com/mtgox-halts-withdrawals-2014-2

Don't be tempted to make a quick profit, you'll lose your money.

Exactly.

But i read that it take minimum of 1 year to withdraw from MTGOX  :P
ah...BUT if you buy low now, by the time you get your coints they will be worth so much more! Long distance trading FTW!

Seriously though, avoid MTgox like it's the plague.

It could be a few months, or a few years, or you will never see your btc and usd again :)


Title: Re: MtGox to Coinbase?
Post by: infofront on February 16, 2014, 09:17:35 PM
If you buy at Gox, there's a decent chance you'll never see your USD or BTC again.