Ray Anastasio
Newbie
 Offline
Activity: 40
Merit: 0
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August 26, 2013, 03:46:15 PM |
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Gox is Oscillating so fast today it's audible.
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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August 26, 2013, 03:53:10 PM |
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if you cant withdraw the fiat from one end, its not arbitraging isnt it??
That depends on the waiting period between buying your fiat and being able to transfer it to another exchange to sell it. The arbitrageable gap has existed for over a month and fiat withdrawals only take a week. The only snag is if the price of fiat continues to drop at too fast a pace to maintain a sufficient spread. If your aim is to acquire more fiat, it's easy. Simply sell high at an exchange with high prices such as Bitstamp or BTC-E, and buy low at MtGox. If the spread is sufficient, a mere week's wait is nothing to earn up to 10% on your investment. Since the sell and re-buy happen within minutes, the chance of the spread closing is negligible. Low risk, decent profit. The "sell and re-buy happen within minutes"? Your going to need to show me how that's done in detail because I've been waiting almost 6 weeks to get cash out of Gox and it ain't happening. I haven't seen Mark Karpeles in the news or heard of an interview or seen a statement in months. Magical Tux hasn't posted here since early June. As far as I know the United States of Japan has taken him into custody and impounded MtGox to operate as a honey pot. |
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ChartBuddy
Legendary
Offline
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 26, 2013, 04:02:58 PM |
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Walsoraj
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August 26, 2013, 04:04:15 PM |
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this volume.... weekdays are the new weekends.  |
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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August 26, 2013, 04:34:20 PM |
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34 difference between BX and Gox now. lol
CampBX is at $110.50 and MtGox is at 122.00. Either your math is terrible or you are getting bad information on the exchange rates. CampBX's volume is so pathetic they aren't even relevant. It's cool that you've been here so long that your activity travels evenly with your post count. lol |
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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August 26, 2013, 04:48:04 PM |
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34 difference between BX and Gox now. lol
CampBX is at $110.50 and MtGox is at 122.00. Either your math is terrible or you are getting bad information on the exchange rates. CampBX's volume is so pathetic they aren't even relevant. It's cool that you've been here so long that your activity travels evenly with your post count. lol Yeah, that site hasn't updated BX for ages! I don't know why. Probably like you said because they are irrelevant. I'd still like to know how you are supposed to arbitrage between Gox and anywhere considering you can't get fiat into or out of Gox. |
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ChartBuddy
Legendary
Offline
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 26, 2013, 05:02:47 PM |
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JimboToronto
Legendary
Offline
Activity: 4046
Merit: 4587
You're never too old to think young.
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August 26, 2013, 06:25:26 PM |
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The "sell and re-buy happen within minutes"? Your going to need to show me how that's done in detail because I've been waiting almost 6 weeks to get cash out of Gox and it ain't happening.
I've never deposited nor withdrawn fiat in or out of MtGox myself, but many people recently have been saying that it takes about a week now. As for selling and re-buying in minutes, assuming you have fiat to sell at Bitstamp, Virtex, BTC-E etc, you can sell it there, transfer your BTC funds to MtGox in generally less than 10 minutes, and repurchase your fiat there immediately. Even if you have to wait a week or two, since the arb happens almost immediately, it's money in the bank since you've already sold and bought and the profit has already been realized. It's only an issue if you're in a hurry for your newly purchased fiat. |
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gandhibt
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August 26, 2013, 09:14:28 PM |
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Is this going to happen soon?  |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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August 26, 2013, 09:27:14 PM |
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Is this going to happen soon?
What am I looking at? |
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MAbtc
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August 26, 2013, 09:42:16 PM |
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Is this going to happen soon?
Not gonna happen.  |
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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August 26, 2013, 09:56:42 PM |
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Is this going to happen soon?
What am I looking at? A) Your computer screen B) A bullish prediction C) All of the above |
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Odalv
Legendary
Offline
Activity: 1414
Merit: 1000
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August 26, 2013, 10:00:51 PM |
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Is this going to happen soon?
It is possible scenario. (observable in the past) |
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Ivanhoe
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August 26, 2013, 10:03:40 PM |
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Remember the askwall at 80 a few weeks ago, could be gone in a second. It's Bitcoin after all.
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samson
Legendary
Offline
Activity: 2097
Merit: 1070
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August 26, 2013, 10:34:08 PM |
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Remember the askwall at 80 a few weeks ago, could be gone in a second. It's Bitcoin after all.
It could also double in size and dip way down for another round of profit taking. I'm prepared for both possible moves. |
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Walsoraj
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August 27, 2013, 01:21:44 AM |
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Didn't realize the Winklevii had started pumping that far back |
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phorensic
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August 27, 2013, 03:10:38 AM |
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Whoah.
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Cablez
Legendary
Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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August 27, 2013, 03:11:42 AM |
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Getting impatient I guess. Was it 5000?
EDIT: Boy am I too quick to post, it hasn't ended yet. 10000+
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samurai1200
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August 27, 2013, 03:13:17 AM |
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USD 1,000,000+ market order? weird.
[edit] geez, even more...
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