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Title: If Mt.Gox opens litecoin trading, could that suddenly eliminate the $15+ spread? Post by: chriswilmer on August 19, 2013, 03:52:18 AM That would be pretty great if that's what ended up happening. Instead of closing the USD/BTC loop, the spread between LTC/BTC would equalize across Mt. Gox and BTC-e, and then people could withdraw fiat from BTC-e (assuming that's easier than Mt. Gox).
This thought just occurred to me so maybe I am skipping over an important detail.... Title: Re: If Mt.Gox opens litecoin trading, could that suddenly eliminate the $15+ spread? Post by: spoorancher on August 19, 2013, 04:14:35 AM What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $.
Title: Re: If Mt.Gox opens litecoin trading, could that suddenly eliminate the $15+ spread? Post by: joesmoe2012 on August 19, 2013, 11:42:45 AM What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $. or lack of value of GoxUSD as it cost 20% to withdraw. Title: Re: If Mt.Gox opens litecoin trading, could that suddenly eliminate the $15+ spread? Post by: NewLiberty on August 19, 2013, 11:50:57 AM What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $. or lack of value of GoxUSD as it cost 20% to withdraw. Title: Re: If Mt.Gox opens litecoin trading, could that suddenly eliminate the $15+ spread? Post by: joesmoe2012 on August 19, 2013, 11:54:15 AM What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $. or lack of value of GoxUSD as it cost 20% to withdraw. The LTC value @ gox would just end up being 20% higher than everywhere else as well. IT's a Fiat IN/Fiat OUT problem. Title: Re: If Mt.Gox opens litecoin trading, could that suddenly eliminate the $15+ spread? Post by: NewLiberty on August 19, 2013, 12:06:49 PM What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $. or lack of value of GoxUSD as it cost 20% to withdraw. The LTC value @ gox would just end up being 20% higher than everywhere else as well. IT's a Fiat IN/Fiat OUT problem. We agree, but for the "just" characterization. :) Title: Re: If Mt.Gox opens litecoin trading, could that suddenly eliminate the $15+ spread? Post by: dnaleor on August 19, 2013, 02:04:49 PM It would indeed open a second market to people who want to get rid of their goxed USD.
So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price... Title: Re: If Mt.Gox opens litecoin trading, could that suddenly eliminate the $15+ spread? Post by: NewLiberty on August 19, 2013, 06:50:24 PM It would indeed open a second market to people who want to get rid of their goxed USD. Well stated.So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price... Title: Re: If Mt.Gox opens litecoin trading, could that suddenly eliminate the $15+ spread? Post by: Spaceman_Spiff on August 19, 2013, 08:26:53 PM It would indeed open a second market to people who want to get rid of their goxed USD. Depends, are there a decent amount of people (or 1 rich one :-) ) willing to sell their LTC at gox at <20% premium?So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price... Title: Re: If Mt.Gox opens litecoin trading, could that suddenly eliminate the $15+ spread? Post by: superduh on August 20, 2013, 12:59:55 AM hard to transfer cash between exchanges - easy to transfer bticoins/litecoins - arbitrage opportunity will begin decreasing. end of story.
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