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Author Topic: Massive Spread Currently On Mt. Gox  (Read 4172 times)
rikur
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June 14, 2011, 12:01:21 AM
 #21

If this is not a troll: http://forum.bitcoin.org/index.php?topic=16457.0

It could the the hacker selling the coins away.
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zdmas
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June 14, 2011, 01:11:31 AM
 #22

Video Games, clothing, hardware, software

All of those classes of products are available via Bitcoin.
Let's make this realistic.

I'd like to buy one of the new AM3+ Asus Sabertooth mainboards, along with a befitting black edition Phenom and 1833 CL7 RAM with at least 5 year warranty, preferably from the same merchant, shipped to Germany speedily at competitive prices.

Can Bitcoin do that right now? I doubt it. There are a few dealers who can fulfill my request, but none accepts BTC! I would have to use some middle man magic, and nobody feels like doing that.

That's the thing. It's like saying Android has a good security model -- it's all good in theory, but the reality is: there's still a lot to do.

That's exactly the problem.

If this is not a troll: http://forum.bitcoin.org/index.php?topic=16457.0

It could the the hacker selling the coins away.

I don't think it's a troll, look at his post count.
AyeYo
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June 14, 2011, 01:30:59 AM
 #23

It has nothing to do with economics.  Huge spreads happen with low volume.  The more volume the market has, the tighter the spread.

Volume looks high to me.

I don't trust Mt.Gox's volume, pricing, market depth, or any other data as far as I can throw it... and I can't throw it anywhere.

Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
piuk
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June 14, 2011, 09:47:20 AM
 #24

I don't trust Mt.Gox's volume, pricing, market depth, or any other data as far as I can throw it... and I can't throw it anywhere.

Agreed

zdmas
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June 14, 2011, 09:14:57 PM
 #25

It has nothing to do with economics.  Huge spreads happen with low volume.  The more volume the market has, the tighter the spread.

Volume looks high to me.

I don't trust Mt.Gox's volume, pricing, market depth, or any other data as far as I can throw it... and I can't throw it anywhere.

I like the way you put it hahahahaha
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