Bitcoin Forum
April 30, 2024, 03:44:54 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Other > Beginners & Help > mtgox vs bitstamp price
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: mtgox vs bitstamp price  (Read 524 times)
bitsapient (OP)
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
November 26, 2013, 04:17:26 PM
 #1
This may have come up before, but are there any fundamental reasons why the price on Mt Gox (currently $880) is so much higher than the price on Bitstamp (currently $830)? Its a fairly obvious arbitrage, I'm surprised this gap is persisting for so long. Anyone shed any color?
1714491894
Hero Member
*
Offline Offline

Posts: 1714491894

View Profile Personal Message (Offline)

Ignore
1714491894
1714491894
Reply with quote  #2
1714491894
Report to moderator
1714491894
Hero Member
*
Offline Offline

Posts: 1714491894

View Profile Personal Message (Offline)

Ignore
1714491894
1714491894
Reply with quote  #2
1714491894
Report to moderator
1714491894
Hero Member
*
Offline Offline

Posts: 1714491894

View Profile Personal Message (Offline)

Ignore
1714491894
1714491894
Reply with quote  #2
1714491894
Report to moderator
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714491894
Hero Member
*
Offline Offline

Posts: 1714491894

View Profile Personal Message (Offline)

Ignore
1714491894
1714491894
Reply with quote  #2
1714491894
Report to moderator
Kiki112
Full Member
***
Offline Offline

Activity: 196
Merit: 101


View Profile
November 26, 2013, 04:29:31 PM
 #2
I'v seen this before but haven't gave it much thought, wondering if some is exploiting market differences Cheesy

♛♛♛♛♛♛♛♛♛♛♛ I PLAY BITROULETTE ♛♛♛♛♛♛♛♛♛♛♛ *Thread*
PenAndPaper
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
November 26, 2013, 04:34:23 PM
 #3
Actually arbitrage should have closed the gap, which somewhat happened. Anyway Gox is over BTCchina as well  Shocked
Does the Chinese interest slowed down?
Hondarydr
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
November 26, 2013, 04:39:31 PM
 #4
I've noticed this too, and BitStamp is usually higher than BTC-E. I'm not quite sure what causes this but I've always wondered too.
Itun
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
November 26, 2013, 05:39:14 PM
 #5
The reason is because there were so many problems in withdrawing from Mt Gox.

It's to entice more customers I guess.
odolvlobo
Legendary
*
Offline Offline

Activity: 4298
Merit: 3211



View Profile
November 26, 2013, 05:54:08 PM
 #6
Quote from: Itun on November 26, 2013, 05:39:14 PM
The reason is because there were so many problems in withdrawing from Mt Gox.

Yes. It is difficult to get dollars out of MtGox, so most people buy bitcoins and withdraw those instead. That means that there is a high demand for bitcoins and a low demand for dollars, which leads a higher rate for bitcoins than other exchanges where dollars can be withdrawn.

Quote from: Itun on November 26, 2013, 05:39:14 PM
It's to entice more customers I guess.

No. Mtgox does not control the prices on their exchange
Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
Pages: [1]
  Print  
Bitcoin Forum > Other > Beginners & Help > mtgox vs bitstamp price
 « previous topic next topic »
 
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!