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Author Topic: Getting my coins at coinbase because they are only $103 there!  (Read 2245 times)
apollojmr (OP)
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June 22, 2013, 02:01:18 PM
 #1

I have bought 10 coins in the last few days when they were $110 and above on MtGox because coinbase has a set price now of $103.

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June 22, 2013, 02:36:26 PM
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$103.94 when I login

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apollojmr (OP)
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June 22, 2013, 06:03:44 PM
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$103.94 when I login
That is low compared to the others now:)

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June 22, 2013, 06:04:57 PM
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The only thing that sucks about coinbase is how long you have to wait.
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June 22, 2013, 06:10:05 PM
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The only thing that sucks about coinbase is how long you have to wait.
And that it's only for US citizens.

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June 22, 2013, 06:58:49 PM
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I just bought a couple of coins there recently as well. Does anyone know the reasons behind this discrepancy?
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June 22, 2013, 07:03:55 PM
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I just bought a couple of coins there recently as well. Does anyone know the reasons behind this discrepancy?
No idea. Someone probably has some secret intent.  Undecided

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June 22, 2013, 07:07:16 PM
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I just bought a couple of coins there recently as well. Does anyone know the reasons behind this discrepancy?

only thing i can think of at the moment is they are buying/selling from/to btc-e instead of mtgox, the price on btc-e is around 103 last i looked today.

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June 22, 2013, 07:25:15 PM
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There is also CampBX which is $100 exactly at the moment ~$10 under gox.

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June 23, 2013, 04:57:27 AM
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Does that mean I can transfer my BTC from Coinbase to MtGox and sell from there instead?
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June 23, 2013, 06:17:02 AM
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I just bought a couple of coins there recently as well. Does anyone know the reasons behind this discrepancy?

I believe Coinbase uses a recent average of the prices whereas some of the exchanges, such as Mt. Gox, use the most recent price to determine what you can buy it at.
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June 23, 2013, 01:30:32 PM
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Does that mean I can transfer my BTC from Coinbase to MtGox and sell from there instead?

I'm curious about this too.  Wouldn't it be a simple matter to buy BTC at coinbase.com for $103, transfer them to mtgox.com, and sell them there for $107?
btceic
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June 23, 2013, 01:49:25 PM
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Does that mean I can transfer my BTC from Coinbase to MtGox and sell from there instead?

I'm curious about this too.  Wouldn't it be a simple matter to buy BTC at coinbase.com for $103, transfer them to mtgox.com, and sell them there for $107?

yes but good luck getting your usd/fiat out

♫ This situation, which side are you on? Are you getting out? Are you dropping bombs? Have you heard of diplomatic resolve? ♫ How To Run A Cheap Full Bitcoin Node For $19 A Year ♫ If I knew where it was, I would take you there. There’s much more than this. ♫ Track Your Bitcoins Value
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June 23, 2013, 02:02:50 PM
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So the price discrepancy is brought on by the current situation with Mt.Gox?
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June 23, 2013, 02:56:44 PM
 #15

There are currently some interesting price (or at least display) discrepancies within coinbase itself.

For example, when it displays the worth of my bitcoins in USD, it is valuing them at about $107, but the buy/sell prices are around $102.

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June 23, 2013, 05:03:08 PM
 #16

There are currently some interesting price (or at least display) discrepancies within coinbase itself.

For example, when it displays the worth of my bitcoins in USD, it is valuing them at about $107, but the buy/sell prices are around $102.


Seems odd. Might be actual internal issues.

apollojmr (OP)
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June 23, 2013, 05:04:04 PM
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The only thing that sucks about coinbase is how long you have to wait.

Trust me I know! I sent a support ticket yesterday about it! I am now having to wait 7 days for mine.

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mprep
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June 23, 2013, 05:07:36 PM
 #18

The only thing that sucks about coinbase is how long you have to wait.

Trust me I know! I sent a support ticket yesterday about it! I am now having to wait 7 days for mine.
But if the price is so low then it's worth the wait, right?

apollojmr (OP)
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June 23, 2013, 05:14:56 PM
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Does that mean I can transfer my BTC from Coinbase to MtGox and sell from there instead?

I'm curious about this too.  Wouldn't it be a simple matter to buy BTC at coinbase.com for $103, transfer them to mtgox.com, and sell them there for $107?

Day trading at its finest! Campbx and bitstamp also have different prices all of the time as well. The only thing that sucks is you need to be verified at all of these exchanges to in/out coins or USD. Good luck!

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June 23, 2013, 05:18:18 PM
 #20

The only thing that sucks about coinbase is how long you have to wait.

Trust me I know! I sent a support ticket yesterday about it! I am now having to wait 7 days for mine.
But if the price is so low then it's worth the wait, right?

Not if the price drops to $99 between now and when you get your coins.

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