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Author Topic: 10% Difference between USD Bitstamp and USD MtGox just now  (Read 1332 times)
Spekulatius (OP)
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July 01, 2013, 03:34:27 PM
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also between Gox and btc-e, more or less expected so.
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N12
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July 01, 2013, 03:39:40 PM
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Been that way for over a week.
Spekulatius (OP)
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July 01, 2013, 03:41:23 PM
 #3

Been that way for over a week.

First time for when I checked it. It has always been 4-6% difference for me. Of course many month ago there were even larger discrepancies.
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July 01, 2013, 03:58:09 PM
 #4

It was 20% a few days ago, although you are right in that it is[/was] growing. Now with the gox price dropping its smaller again.
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July 01, 2013, 04:03:25 PM
 #5

Right now, it's impossible to withdraw USD from Mt. Gox.

Because of that, there's a glut of USD relative to Bitcoin - people have been buying BTC just to get their capital out of Gox.

Hence, a higher USD/BTC exchange rate compared to any exchange with functioning USD withdrawls.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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July 01, 2013, 04:21:41 PM
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When was is said to be possible again to withdraw USD from Gox?
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July 01, 2013, 04:24:36 PM
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They said it would be 2 weeks.
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July 01, 2013, 04:25:12 PM
 #8

When was is said to be possible again to withdraw USD from Gox?
The "temporary hiatus" was described as a two-week affair as of June 20th. So, theoretically, we'll be back to normal on the Fourth of July.

I think there's some trepidation in the market as to whether Mt. Gox will actually meet that schedule.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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July 01, 2013, 04:34:50 PM
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Actually, withdrawals have continued albeit at a reduced rate, 1 mln $ /day according to MagicalTux.
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July 01, 2013, 04:47:17 PM
 #10

The difference has closed in the last 12 hours. Bitstamp has remained at 88-90 (with a flashcrash to 85) while MtGox has gone from 97 to 93
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July 01, 2013, 05:32:10 PM
 #11

Quote
USD    40.8341%    1.8 days    481336.5 USD
BTC    10.0089%    1.95 days    5764.17 BTC
https://bitfinex.com/pages/stats tick tock

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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July 01, 2013, 05:42:12 PM
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Quote
USD    40.8341%    1.8 days    481336.5 USD
BTC    10.0089%    1.95 days    5764.17 BTC
https://bitfinex.com/pages/stats tick tock

Are you making a point on MtGox market share?

I think its unfair to compare until [er, if] mtgox withdrawals come back online.. and then wait a week.
Rygon
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July 01, 2013, 05:48:07 PM
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It's reported that Mt. Gox has finally registered as a money lender with FINCEN. This should bring some calm to the market. I hope that's a sign of Mt. Gox working with the legacy financial system and that we'll have a more robust withdrawal route available in the next few weeks.

However, I think this drop is only 10% from Gox issues, and 90% from bubble deflating/profit taking.
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July 01, 2013, 05:48:55 PM
 #14

Are you making a point on MtGox market share?
no i report the time remaining on average for loans

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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