Bitcoin Forum
June 30, 2024, 03:47:10 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: MtGox <-> BitStamp price divergence?  (Read 2518 times)
ledmaniak
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250


View Profile
February 16, 2014, 11:09:57 AM
 #21

If the owners of mtgox are smart, they should do lots of arbitrage to other exchanges, then they earn some money and use this to slowly withdraw to their customers.. Price will rise and people will have less FUD.

... In essence stealing from their clients while they hold their wealth hostage.  Profitable... but so is robbing banks.  Anything but ethical.
... in essence, that is exactly what normal banks are doing. They lend your money 3 or 4 times the value and gain huge profits. Banks keep the profit for themselves but that's why I'm saying:

Quote
...to slowly withdraw to their customers..


If the owners of mtgox are smart, they should do lots of arbitrage to other exchanges, then they earn some money and use this to slowly withdraw to their customers.. Price will rise and people will have less FUD.
The price at Mt.Gox just reflects the fact that (almost) no market is really being made there now, no liquidity, no buyers, no sellers. So arbitrage is not a possibility either.
Price is fluctuating a lot so there are buyers and sellers.

Bitcoin: 1Cxi8BLvScSm1mW6kjb5MNeJZPrvAiYL6B
Litecoin: LLmjtrrq1ZeD51NSUJ8VanuQduW8Ma3jrs
EuroTrash
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
February 16, 2014, 11:21:56 AM
 #22

I can't believe that in mid Feb 2014 there still are people coming to this forum and asking the same fucking questions over and over and over again.

<=== INSERT SMART SIGNATURE HERE ===>
seleme
Legendary
*
Offline Offline

Activity: 2772
Merit: 1028


Duelbits.com


View Profile WWW
February 16, 2014, 11:59:05 AM
 #23

Hard to imagine Mark not arbing the gap between Gox and Stamp.

Guess withdrawals will be open when he makes enough coins arbing to cover losses.

       ███████████████▄▄
    ██████████████████████▄
  ██████████████████████████▄
 ███████   ▀████████▀   ████▄
██████████    █▀  ▀    ██████▄
███████████▄▄▀  ██  ▀▄▄████████
███████████          █████████
███████████▀▀▄  ██  ▄▀▀████████
██████████▀   ▀▄  ▄▀   ▀██████▀
 ███████  ▄██▄████▄█▄  █████▀
  ██████████████████████████▀
    ██████████████████████▀
       ███████████████▀▀
.
.Duelbits.
.
..THE MOST REWARDING CASINO......
   ▄▄▄▄████▀███▄▄▄▄▄
▄███▄▀▄██▄   ▄██▄▀▄███▄
████▄█▄███▄█▄███▄█▄████
███████████████████████   ▄██▄
██     ██     ██     ██   ▀██▀
██ ▀▀█ ██ ▀▀█ ██ ▀▀█ ██    ██
██  █  ██  █  ██  █  ██
█▌  ██
██     ██     ██     ████  ██
█████████████████████████  ██
████████████████████████████▀
█████████████████████████
█████████████████████████
████████████████████████▌
       +4,000      
PROVABLY FAIR
GAMES
   $500,000  
MONTHLY
PRIZE POOL
      $10,000     
BLACKJACK
GIVEAWAY
spiderbrain
Legendary
*
Offline Offline

Activity: 889
Merit: 1013



View Profile
February 16, 2014, 12:03:55 PM
 #24

I can't believe that in mid Feb 2014 there still are people coming to this forum and asking the same fucking questions over and over and over again.
Unlike bitcoin there is no limit to the number of idiots.

Zaghomat
Member
**
Offline Offline

Activity: 66
Merit: 10


View Profile
February 16, 2014, 12:24:35 PM
 #25

Can someone explain to me who is selling on gox for that price?? Seems really dumb to me. If they go bankrupt you won't get your money anyway and if they fix their problems you would have sold your bitcoin for half the price.
xyzxyzxyz
Member
**
Offline Offline

Activity: 280
Merit: 10


View Profile
February 16, 2014, 12:33:58 PM
 #26

What price are the insiders at Gox waiting for, $1?

▀▀▀▀▀▀     │      SWIPE      │      Monetizing Mobile Engagement Data     ▀▀▀▀▀▀
▄▄▄▄▄▄       Whitepaper     Telegram     Twitter     Reddit       ▄▄▄▄▄▄
Sage
Hero Member
*****
Offline Offline

Activity: 632
Merit: 500


View Profile
February 16, 2014, 02:53:51 PM
 #27

Hard to imagine Mark not arbing the gap between Gox and Stamp.

Guess withdrawals will be open when he makes enough coins arbing to cover losses.

If the insiders at Gox try this I sure as hell hope some whistleblower comes forward... and/or they leave a paper trail that eventually busts them. 

Doing this would be nothing short of thievery from their clients.

Shenanigans need to start leading to jail time for the perpetrators if crytpo currencies are ever going to see mainstream legitimacy.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!