Huge BTC price difference between MtGox and BTC-E + Bitstamp

[SharpCoiner]

Hi everyone,

I'm curious why is there such a big price difference between MtGox (USD 967) and BTC-E/Bitstamps (USD 860)?

The few dollar difference between BTC-E and Bitstamps is explainable - transaction time and transaction costs, but 10% premium at MtGox is huge, and it has been like it for many days.

Thanks!

[coinpr0n]

MtGox has "issues" for actually withdrawing fiat... could be part of the reason.

[Fabrizio]

Good answer in this thread: https://bitcointalk.org/index.php?topic=412135.msg4466402#msg4466402
Post numbre #6

[_wayfarer_]

I track differences between the markets if you're interested in longish-term data here: https://daybittrader.com <- I use Coinbase as a baseline, but if you look at the charts you'll see it tracks pretty close to Bitstamp.

[tommy87]

Use bitstamp price since it's the actual price you can get Bitcoin for IMO

[SharpCoiner]

MtGox has "issues" for actually withdrawing fiat... could be part of the reason.

Thanks! If getting out the cash is restricted, that's a perfect explanation.

[Ty13rDerden]

Was this a potential reason why Mt.gox was insolvent, incentivizing users to hold bitcoins at their exchange due to a purposeful inflated price difference?