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Bitcoin Forum > Economy > Economics > Speculation > Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?
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Author Topic: Has anyone withdrawn bitcoin from BTC China for arbitrage in the past few days?  (Read 629 times)
yomofo (OP)
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December 19, 2013, 03:55:11 PM
 #1
has anyone withdrawn btc from btcchina after the crash?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?
ElectricMucus
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December 19, 2013, 03:59:26 PM
 #2
Because there is no way to deposit there. It's the same situation as on mtgox, just reversed.

Damn, Bitcoin is so stupid.
yomofo (OP)
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December 19, 2013, 04:07:34 PM
 #3
Quote from: 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.

im sure there are plenty of whales in china who still have bitcoins. 
ElectricMucus
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December 19, 2013, 04:08:51 PM
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Yes but they can't sell them on mtgox to cash out. Grin
dg2010
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December 19, 2013, 04:08:55 PM
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Quote from: 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.

What exactly is stupid about Bitcoin in this situation?
ElectricMucus
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December 19, 2013, 04:09:52 PM
 #6
Quote from: dg2010 on December 19, 2013, 04:08:55 PM
Quote from: 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.

What exactly is stupid about Bitcoin in this situation?

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EuroTrash
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December 19, 2013, 04:20:22 PM
 #7
Quote from: yomofo on December 19, 2013, 04:07:34 PM
Quote from: 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.

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.
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ElectricMucus
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December 19, 2013, 04:23:24 PM
 #8
Quote from: Holliday on December 19, 2013, 04:15:57 PM
Quote from: 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.

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.
dg2010
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December 19, 2013, 04:29:27 PM
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Quote from: ElectricMucus on December 19, 2013, 04:23:24 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.
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December 19, 2013, 04:33:18 PM
 #10
Yeah I am not too bright.
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