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steelboy (OP)
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October 23, 2013, 02:01:16 PM
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Any ideas why Mt. Gox would be pulling away from the others today? GBP up to £133 and $ is £213. BTCChina and Bitstamp seem to be just ranging?
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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zby
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October 23, 2013, 02:10:00 PM
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Quote from: steelboy on October 23, 2013, 02:01:16 PM
Any ideas why Mt. Gox would be pulling away from the others today? GBP up to £133 and $ is £213. BTCChina and Bitstamp seem to be just ranging?

It needs its 8% extra over other exchanges - during the rally the difference dminished.
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October 23, 2013, 02:15:36 PM
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I noticed this also this morning. Though I don't have any theories, I simply came on here to comment and found your post!  Grin
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October 23, 2013, 02:50:53 PM
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I guess it is because of the serious lack of bid depth on Bitstamp. Sepa wires to Bitstamp should have arrived by now (before 5pm). So it looks like the rally is loosing momentum on Bitstamp.
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October 23, 2013, 02:53:28 PM
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My SEPA will still take 2-3 more days. Hopefully in time for the crash...  Tongue
“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
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Zangelbert Bingledack
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October 23, 2013, 05:02:08 PM
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Chinese arbitragers?
fleabag
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October 23, 2013, 06:21:42 PM
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can mt gox do whatever they want with the price of bitcoins since there are no rules or regulations in place.?
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October 23, 2013, 06:25:51 PM
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Quote from: fleabag on October 23, 2013, 06:21:42 PM
can mt gox do whatever they want with the price of bitcoins since there are no rules or regulations in place.?
For all we know, Gox is allowing bitcoins to be sold that don't even exist. So, anything is possible!  Cheesy
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