Bitcoin Forum
May 02, 2024, 10:33:07 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Huge arbitration opportunity if you're European  (Read 956 times)
vokain (OP)
Legendary
*
Offline Offline

Activity: 1834
Merit: 1019



View Profile WWW
June 21, 2013, 04:15:30 AM
 #1

1. Buy BTC on bitstamp
2. Sell on MtGox
3. Huh (Withdraw EUR)
4. Profit!!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714645987
Hero Member
*
Offline Offline

Posts: 1714645987

View Profile Personal Message (Offline)

Ignore
1714645987
Reply with quote  #2

1714645987
Report to moderator
1714645987
Hero Member
*
Offline Offline

Posts: 1714645987

View Profile Personal Message (Offline)

Ignore
1714645987
Reply with quote  #2

1714645987
Report to moderator
1714645987
Hero Member
*
Offline Offline

Posts: 1714645987

View Profile Personal Message (Offline)

Ignore
1714645987
Reply with quote  #2

1714645987
Report to moderator
Abandon
Member
**
Offline Offline

Activity: 112
Merit: 10



View Profile
June 21, 2013, 04:45:09 AM
 #2

You can do this with USD as well, but not in circles, and this is why the other exchanges will follow Mt. Gox upward.
EuroTrash
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
June 21, 2013, 05:10:02 AM
 #3

1. Buy BTC on bitstamp
2. Sell on MtGox
3. Huh (Withdraw EUR)
4. Profit!!

Good luck waiting for your SEPA transfer to arrive.

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

Activity: 1470
Merit: 1000


Want privacy? Use Monero!


View Profile
June 21, 2013, 06:09:05 AM
 #4

my tactic: just buying BTC on the cheap @bitstamp and waiting for when the arbitrage kicks in. I have my automatic sell orders ready Wink Wink
crazy_rabbit
Legendary
*
Offline Offline

Activity: 1204
Merit: 1001


RUM AND CARROTS: A PIRATE LIFE FOR ME


View Profile
June 21, 2013, 06:47:21 AM
 #5

1. Buy BTC on bitstamp
2. Sell on MtGox
3. Huh (Withdraw EUR)
4. Profit!!

Good luck waiting for your SEPA transfer to arrive.

Yep. I was thinking the same- except you can't get your money out of gox right now. So I'm tempted to sell at GOX, but then whats the point? I can't get the money back out right now. I think this price disparity will last for another two weeks. As long as withdrawls are on hold at gox people will need to sell at Bitstamp and accept whatever price BTC sellers demand at gox.

more or less retired.
gizmoh
Legendary
*
Offline Offline

Activity: 1428
Merit: 1000



View Profile
June 21, 2013, 07:18:49 AM
 #6

If one thinks he can withdraw EURO easily out of Gox, he is plain wrong. All withdrawals of 1,000 euro and above are getting seriously delayed.

From: https://bitcointalk.org/index.php?topic=179586.160


I'm curious to understand in which order MtGox proces our Euro SEPA withdrawal ?
For sure it's not in first in first out !!!
This is my datas :
2013/05/04  745e -> received on 2013/05/07 (3 days)
2013/05/05 1000e -> received on 2013/06/03 (29 days)
2013/05/06 1000e -> 45 days and still waiting ...
2013/05/07 1200e -> Waiting ...
2013/05/15 2000e -> Waiting ...
I'll update, If it's can help to find the clue.

How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
Pages: [1]
  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!