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mickeyshrugged (OP)
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May 21, 2013, 06:37:30 AM
 #1
Ever since MtGox and Dwolla parted ways there has been a consistent $5 gap between the spot prices at MtGox and CampBX that has not been eliminated through arbitrage. Apparently the market has set a $5/BTC premium on trading at MtGox. Doesn't this mean the MtGox price can no longer be considered a reflection of the real market rate and that it's no longer useful as a guide in determining the retail cost of goods sold in BTC?
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May 21, 2013, 06:44:14 AM
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Looking at this thread, people were discussing a persistent $4 difference between gox and bitstamp - a month ago.

https://bitcointalk.org/index.php?topic=182568.msg1913404#msg1913404

Not sure about Campbx then.
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May 21, 2013, 07:24:46 AM
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There's a gap on btc-e as well because its hard to get USD in there
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May 21, 2013, 09:11:30 AM
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If your theory of btce price being lower due to difficulty in moving money in and out, then shouldn't gox price be lower, not higher since a lifeline was just eliminated?
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May 21, 2013, 07:12:05 PM
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Quote from: ironstove on May 21, 2013, 09:11:30 AM
If your theory of btce price being lower due to difficulty in moving money in and out, then shouldn't gox price be lower, not higher since a lifeline was just eliminated?
It's harder to get money in BTC-e than out.
If case of Mtgox it's quite opposite. Easy to deposit, harder to withdraw.
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May 22, 2013, 01:24:07 AM
 #6
Quote from: RoadTrain on May 21, 2013, 07:12:05 PM
Quote from: ironstove on May 21, 2013, 09:11:30 AM
If your theory of btce price being lower due to difficulty in moving money in and out, then shouldn't gox price be lower, not higher since a lifeline was just eliminated?
It's harder to get money in BTC-e than out.
If case of Mtgox it's quite opposite. Easy to deposit, harder to withdraw.

The only pair you could do decent volume is Gox/BTC-E...
Where GOX is $4.50 higher right now.

To arb 100 size of BTC which is only $450 gross profit...
You would probably need to have at least $50,000 on each exchange...
And be wiring amounts near reportable thresholds...
And absorb time premium and counter-party risk...

What fun.
btc6000
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May 22, 2013, 04:12:22 AM
 #7
Quote from: mickeyshrugged on May 21, 2013, 06:37:30 AM
...Apparently the market has set a $5/BTC premium on trading at MtGox...

Gox has the liquidity, unfortunately.
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May 22, 2013, 03:31:09 PM
 #8
Exactly, you can view this as a "liquidity" premium...
mickeyshrugged (OP)
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May 23, 2013, 08:06:06 PM
Last edit: May 23, 2013, 09:37:06 PM by mickeyshrugged
 #9
The gap has narrowed to a dollar.
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