chriswilmer (OP)
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August 19, 2013, 03:52:18 AM |
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That would be pretty great if that's what ended up happening. Instead of closing the USD/BTC loop, the spread between LTC/BTC would equalize across Mt. Gox and BTC-e, and then people could withdraw fiat from BTC-e (assuming that's easier than Mt. Gox).
This thought just occurred to me so maybe I am skipping over an important detail....
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spoorancher
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August 19, 2013, 04:14:35 AM |
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What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $.
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joesmoe2012
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August 19, 2013, 11:42:45 AM |
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What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $.
or lack of value of GoxUSD as it cost 20% to withdraw. |
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NewLiberty
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August 19, 2013, 11:50:57 AM |
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What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $.
or lack of value of GoxUSD as it cost 20% to withdraw. That would pump the Gox valuation of litecoin at the expense of its bitcoin valuation. That would be very bullish for litecoin. |
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joesmoe2012
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August 19, 2013, 11:54:15 AM |
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What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $.
or lack of value of GoxUSD as it cost 20% to withdraw. That would pump the Gox valuation of litecoin at the expense of its bitcoin valuation. That would be very bullish for litecoin. The LTC value @ gox would just end up being 20% higher than everywhere else as well. IT's a Fiat IN/Fiat OUT problem. |
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NewLiberty
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August 19, 2013, 12:06:49 PM |
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What you are missing is that the spread is not due to the relative value of the Bitcoins, it's due to the relative value of the $.
or lack of value of GoxUSD as it cost 20% to withdraw. That would pump the Gox valuation of litecoin at the expense of its bitcoin valuation. That would be very bullish for litecoin. The LTC value @ gox would just end up being 20% higher than everywhere else as well. IT's a Fiat IN/Fiat OUT problem. We agree, but for the "just" characterization.  |
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dnaleor
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August 19, 2013, 02:04:49 PM |
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It would indeed open a second market to people who want to get rid of their goxed USD.
So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price...
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NewLiberty
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August 19, 2013, 06:50:24 PM |
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It would indeed open a second market to people who want to get rid of their goxed USD.
So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price...
Well stated. |
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Spaceman_Spiff
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August 19, 2013, 08:26:53 PM |
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It would indeed open a second market to people who want to get rid of their goxed USD.
So the gox price of BTC would go down a little, until the LTC price has risen to +10 (maybe 20) % above the BTCe LTC price...
Depends, are there a decent amount of people (or 1 rich one :-) ) willing to sell their LTC at gox at <20% premium? |
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superduh
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August 20, 2013, 12:59:55 AM |
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hard to transfer cash between exchanges - easy to transfer bticoins/litecoins - arbitrage opportunity will begin decreasing. end of story.
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ok
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