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Not sure if I am the first to notice this or someone has already commented on it, BUT..... there seems to be the beginnings of a slight divergence in the price of Bitcoins on MtGox vs. Bitstamp. If I am reading the price correctly, it is lower on MtGox and higher on BitStamp. Thoughts?
If by "slight divergence" you mean 40% difference, then yes. |
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WTF, I have a couple of BTC at MTGOX and the price keeps on falling every minute. At the moment it is around 340$. So should I withdraw all my Bitcoins from there or wait until the price rises again on MTGOX. Some bad tongues have been saying Bitcoin will drop under 100$ by the end of next week. Is this only meant for MTGOX or for the Bitcoin price everywhere?
Currently BTC withdrawals are not processed at MtGox. |
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Well i dont have any money to buy BTC.
So 10 dollar is only a small investment to try it out.
If I mine any altcoins i get alot right?
SHA256 altcoins are almost worthless (compared to BTC, you won't make more off them). And ASICs can't mine Scrypt. Somewhat simplified translation of this (correct) statement: your investment can only mine BTC, not altcoins. |
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look, its that thread again.
yes there is a price differential (better to be measured in%tage terms than absolute dollars).
as stated above, it occurs because of the difficulty to move fiat around, especially with Gox involved.
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yes it has increased somewhat. but please stop looking at this difference in absolute terms. changes are only relevant in percentage terms as the price varies.
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1. Cash
2. Gold
3. Artwork
How about real estate? the stock market? I don't see a lot of people flock to the Fine Arts. |
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Good explanation above.
To answer the question OP had in mind when opening the thread: yes, the price of BTC on a newly opened exchange might differ considerably from established exchanges as a trader puts in the first BID or ASK. Someone might be offering their BTC for $1M at this exchange when it opens. Any trader on the exchange is then free to accept the offer or not.
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I have not observed the phenomenon that you are describing.
Which one of the two is currently trading higher seems to change constantly and is a function of limited liquidity on the exchange.
EUR volume is lower in general and therefore more subject to be affected by larger individual trades.
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Your set of blue chip cryptocurrencies seems somewhat arbitrary.
Not sure what makes Quark more LTC-like than other popular alts such as Peercoin, Namecoin, Megacoin or Worldcoin.
Its not Quark's teeny market cap (3% of LTC), that's for sure...
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Not really related to Bitcoin. Try DPR instead.
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That would be an altcoin. Transactions would not be compatible with the existing blockchain.
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in bangkok actually there are plenty ,same with ferraris ,porsches ,bentlys and other extravagant motors from europe for a third world country its amazing how much money the rich have  not so surprising really. in developing countries, the gap between poor and wealthy is typically far larger than in industrialized nations. Congrats to your new ride Goat! |
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If Mastercard could dictate payment options for a business' customers, wouldn't the first thing they do be to make sure their main competitor Visa cannot be used in transactions?
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Altcoins are near perfect substitutes of Bitcoin, hence value perceived by the wider economy rises and falls together.
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I wonder what's so funny about that
oh! it will be more funny when u send 1 BTC to this address: 14siHfhFuqhJKwhUc2kjwB4dYKwCcc9mz5 btw why is it the admin restrict the forum it is sucks me out I think i know why there is this restriction.... |
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