Caiapfas (OP)
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January 24, 2014, 09:36:59 PM |
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OMFG mtgox is 100 more than btc-e. why aren't you guys buying on btc-e and selling on mtgox?
I would be, but I have been waiting for 3 months for mtgox to approve my account......
btc-e approved it in 1 day....
If anyone that has trust enough wants to sell for me at mtgox I'm game. i need a mtgox account!!! we will need to discuss the details
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If you liked my post or found anything I said useful send some coffee change to
BTC = 3LxtsmCjRDPD6oYYwz31dwFJW9ktUy1Yuz
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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AmericanBit
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January 24, 2014, 10:26:43 PM |
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Pardon me...but your noob is showing  |
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Caiapfas (OP)
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January 24, 2014, 10:30:38 PM |
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Pardon me...but your noob is showing Yep I'm sure it is, but why not explain what you mean. You couldn't buy the BTC at btc-e and sell it for $100 more at mtgox? |
If you liked my post or found anything I said useful send some coffee change to
BTC = 3LxtsmCjRDPD6oYYwz31dwFJW9ktUy1Yuz
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Tzupy
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Merit: 1074
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January 24, 2014, 10:50:35 PM |
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It's difficult and risky to do arbitrage with MtGox, due to withdrawal delays, see the last page of this thread: https://bitcointalk.org/index.php?topic=179586.2960 |
Sometimes, if it looks too bullish, it's actually bearish
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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January 24, 2014, 10:51:00 PM |
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How do you plan on getting money off of Gox?
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AmericanBit
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January 24, 2014, 10:51:59 PM |
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Pardon me...but your noob is showing Yep I'm sure it is, but why not explain what you mean. You couldn't buy the BTC at btc-e and sell it for $100 more at mtgox? You will never get any money from gox...its always at least 100 more than other exchanges. You cant even get an account approved... |
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tolega
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January 24, 2014, 11:24:43 PM |
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OMFG mtgox is 100 more than btc-e. why aren't you guys buying on btc-e and selling on mtgox?
I would be, but I have been waiting for 3 months for mtgox to approve my account......
btc-e approved it in 1 day....
If anyone that has trust enough wants to sell for me at mtgox I'm game. i need a mtgox account!!! we will need to discuss the details
shhhh... Keep it a secret and get rich! |
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httpcore
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January 24, 2014, 11:27:38 PM |
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You can't withdraw (easily) or get an account from mtGox  |
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Caiapfas (OP)
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Activity: 112
Merit: 10
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January 24, 2014, 11:52:45 PM |
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Pardon me...but your noob is showing Yep I'm sure it is, but why not explain what you mean. You couldn't buy the BTC at btc-e and sell it for $100 more at mtgox? You will never get any money from gox...its always at least 100 more than other exchanges. You cant even get an account approved... Your right about the account approvals. How are they staying an active website with no approvals. I have been waiting for three months for my account approval. Does anyone know why they are taking so long? So you can't even withdraw USD? So they just keep all money, BTC..etc forever? Are they off shore? Why do you think they are 100$ more? |
If you liked my post or found anything I said useful send some coffee change to
BTC = 3LxtsmCjRDPD6oYYwz31dwFJW9ktUy1Yuz
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empoweoqwj
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January 25, 2014, 02:46:03 AM |
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OMFG mtgox is 100 more than btc-e. why aren't you guys buying on btc-e and selling on mtgox?
I would be, but I have been waiting for 3 months for mtgox to approve my account......
btc-e approved it in 1 day....
If anyone that has trust enough wants to sell for me at mtgox I'm game. i need a mtgox account!!! we will need to discuss the details
You unfortunately don't know what you are doing ..... the reason for the price difference is you can't actually withdraw USD from Gox, hence the price is not in any meaningful way "real" OMG, you might care to read some of the twice daily threads about Gox prices being so fantastic before thinking about getting rich that way  |
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trace666
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Activity: 92
Merit: 10
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January 25, 2014, 12:30:55 PM |
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look, its that thread again.
yes there is a price differential (better to be measured in%tage terms than absolute dollars).
as stated above, it occurs because of the difficulty to move fiat around, especially with Gox involved.
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Sonny
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January 25, 2014, 01:08:02 PM |
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You need to wait for weeks for ID verification, but that is just the beginning.  Just as the above persons mentioned, there is a terrible delay for USD withdrawal from mtgox. People have been waiting for months to get the USD. OMFG mtgox is 100 more than btc-e. why aren't you guys buying on btc-e and selling on mtgox?
I would be, but I have been waiting for 3 months for mtgox to approve my account......
btc-e approved it in 1 day....
If anyone that has trust enough wants to sell for me at mtgox I'm game. i need a mtgox account!!! we will need to discuss the details
shhhh... Keep it a secret and get rich! lol. |
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tsoPANos
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January 25, 2014, 03:16:35 PM |
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Why would someone arbitrage from MtGox since the withdrawals can take months?
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skivrmt
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January 25, 2014, 03:47:50 PM |
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Pardon me...but your noob is showing Yep I'm sure it is, but why not explain what you mean. You couldn't buy the BTC at btc-e and sell it for $100 more at mtgox? Think about it? Why wouldn't we ALL do this if it were possible? You think you found a "secret" none of us knew?  The only thing you can do on Mt Gox is buy bitcoin and transfer bitcoin to another wallet address. US withdrawals, people saying months, I'm saying never, basically. SEPA/Euro withdrawals are now months. So why price higher? Because no point in selling Bitcoin on Gox since you can't do anything with the $ once its sold. |
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Caiapfas (OP)
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Activity: 112
Merit: 10
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January 25, 2014, 08:25:16 PM |
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wow, thanks for the info guys. I'm new to BTC so yep it had me stumped. I never saw the threads talking about it.
I just figured why in HELL would people buy BTC there since it's 100$ more and second question why would people use it if you can't withdraw.
Then yet another question..... why haven't people sued yet?
Why doesn't MT.GOX just die?
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If you liked my post or found anything I said useful send some coffee change to
BTC = 3LxtsmCjRDPD6oYYwz31dwFJW9ktUy1Yuz
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komar
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January 25, 2014, 09:00:43 PM |
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wow, thanks for the info guys. I'm new to BTC so yep it had me stumped. I never saw the threads talking about it.
I just figured why in HELL would people buy BTC there since it's 100$ more and second question why would people use it if you can't withdraw.
Then yet another question..... why haven't people sued yet?
Why doesn't MT.GOX just die?
It's dying. This is the reason why anybody wants to pay $100 more for BTC there: there are no other ways to withdraw funds. |
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Caiapfas (OP)
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Activity: 112
Merit: 10
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January 25, 2014, 09:14:54 PM |
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smart scam for mtgox! make everyone buy btc and waste money to get your money
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If you liked my post or found anything I said useful send some coffee change to
BTC = 3LxtsmCjRDPD6oYYwz31dwFJW9ktUy1Yuz
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teukon
Legendary
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Activity: 1246
Merit: 1002
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January 25, 2014, 09:49:22 PM |
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OMFG mtgox is 100 more than btc-e. why aren't you guys buying on btc-e and selling on mtgox?
I would be, but I have been waiting for 3 months for mtgox to approve my account......
btc-e approved it in 1 day....
If anyone that has trust enough wants to sell for me at mtgox I'm game. i need a mtgox account!!! we will need to discuss the details
Copper is only 0.22 USD per troy ounce! Why aren't you guys buying it, turning it into gold, and selling it? I can buy copper and sell gold. Can an alchemist PM me so we can go into business together? |
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Caiapfas (OP)
Member
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Activity: 112
Merit: 10
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January 25, 2014, 10:17:53 PM |
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OMFG mtgox is 100 more than btc-e. why aren't you guys buying on btc-e and selling on mtgox?
I would be, but I have been waiting for 3 months for mtgox to approve my account......
btc-e approved it in 1 day....
If anyone that has trust enough wants to sell for me at mtgox I'm game. i need a mtgox account!!! we will need to discuss the details
Copper is only 0.22 USD per troy ounce! Why aren't you guys buying it, turning it into gold, and selling it? I can buy copper and sell gold. Can an alchemist PM me so we can go into business together? I been turning my shit to gold. simple process really. Then selling the gold for USD....I make a few pounds of shit...excuse me gold a week. PM me for the secrets. |
If you liked my post or found anything I said useful send some coffee change to
BTC = 3LxtsmCjRDPD6oYYwz31dwFJW9ktUy1Yuz
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teukon
Legendary
Offline
Activity: 1246
Merit: 1002
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January 25, 2014, 10:25:38 PM |
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OMFG mtgox is 100 more than btc-e. why aren't you guys buying on btc-e and selling on mtgox?
I would be, but I have been waiting for 3 months for mtgox to approve my account......
btc-e approved it in 1 day....
If anyone that has trust enough wants to sell for me at mtgox I'm game. i need a mtgox account!!! we will need to discuss the details
Copper is only 0.22 USD per troy ounce! Why aren't you guys buying it, turning it into gold, and selling it? I can buy copper and sell gold. Can an alchemist PM me so we can go into business together? I been turning my shit to gold. simple process really. Then selling the gold for USD....I make a few pounds of shit...excuse me gold a week. PM me for the secrets. Sorry, you've lost me. If you can turn your shit into gold, why are you so interested in the potential arbitrage opportunity presented by MtGox? |
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BreathOfZen
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January 26, 2014, 12:05:49 AM |
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OMFG mtgox is 100 more than btc-e. why aren't you guys buying on btc-e and selling on mtgox?
I would be, but I have been waiting for 3 months for mtgox to approve my account......
btc-e approved it in 1 day....
If anyone that has trust enough wants to sell for me at mtgox I'm game. i need a mtgox account!!! we will need to discuss the details
The spread between Gox and Bitstamp is up to $170, and the spreads on Gox are through the roof at $10 difference between bid and ask, while Bitstamp's are at $.1 or less. |
Aoeui Artifacts
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Caiapfas (OP)
Member
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Activity: 112
Merit: 10
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January 26, 2014, 12:13:45 AM |
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OMFG mtgox is 100 more than btc-e. why aren't you guys buying on btc-e and selling on mtgox?
I would be, but I have been waiting for 3 months for mtgox to approve my account......
btc-e approved it in 1 day....
If anyone that has trust enough wants to sell for me at mtgox I'm game. i need a mtgox account!!! we will need to discuss the details
Copper is only 0.22 USD per troy ounce! Why aren't you guys buying it, turning it into gold, and selling it? I can buy copper and sell gold. Can an alchemist PM me so we can go into business together? I been turning my shit to gold. simple process really. Then selling the gold for USD....I make a few pounds of shit...excuse me gold a week. PM me for the secrets. Sorry, you've lost me. If you can turn your shit into gold, why are you so interested in the potential arbitrage opportunity presented by MtGox? I was making a really stupid comment like yours...obviously neither of us can do what we suggest. I thought you knew that. sorry forgot to |
If you liked my post or found anything I said useful send some coffee change to
BTC = 3LxtsmCjRDPD6oYYwz31dwFJW9ktUy1Yuz
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komar
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January 26, 2014, 12:19:51 AM |
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The spread between Gox and Bitstamp is up to $170, and the spreads on Gox are through the roof at $10 difference between bid and ask, while Bitstamp's are at $.1 or less.
You guys inspired me to drawing:  If you look at relative difference instead of absolute you realize it's not so bad. (sorry for that terrible saw instead of lines, I use bad data) |
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teukon
Legendary
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Activity: 1246
Merit: 1002
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January 26, 2014, 12:20:24 AM |
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I was making a really stupid comment...
I know. |
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Caiapfas (OP)
Member
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Activity: 112
Merit: 10
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January 26, 2014, 12:27:46 AM |
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I was making a really stupid comment...
I know I'm a jackass.. When you edit things by taking away or adding you can make them say anything...amazing huh |
If you liked my post or found anything I said useful send some coffee change to
BTC = 3LxtsmCjRDPD6oYYwz31dwFJW9ktUy1Yuz
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empoweoqwj
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January 26, 2014, 03:54:00 AM |
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wow, thanks for the info guys. I'm new to BTC so yep it had me stumped. I never saw the threads talking about it.
I just figured why in HELL would people buy BTC there since it's 100$ more and second question why would people use it if you can't withdraw.
Then yet another question..... why haven't people sued yet?
Why doesn't MT.GOX just die?
It is dying. Just they aren't putting it on their home page. One day we will wake up and there will be nothing there. Just a lot of angry ex-customers owed money (or BTC) |
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Sonny
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January 26, 2014, 07:28:15 AM |
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wow, thanks for the info guys. I'm new to BTC so yep it had me stumped. I never saw the threads talking about it.
I just figured why in HELL would people buy BTC there since it's 100$ more and second question why would people use it if you can't withdraw.
Then yet another question..... why haven't people sued yet?
Why doesn't MT.GOX just die?
It is dying. Just they aren't putting it on their home page. One day we will wake up and there will be nothing there. Just a lot of angry ex-customers owed money (or BTC) I have been waiting for that day for a long time. I am so confused why it is still in business lol. |
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empoweoqwj
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January 26, 2014, 09:26:04 AM |
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wow, thanks for the info guys. I'm new to BTC so yep it had me stumped. I never saw the threads talking about it.
I just figured why in HELL would people buy BTC there since it's 100$ more and second question why would people use it if you can't withdraw.
Then yet another question..... why haven't people sued yet?
Why doesn't MT.GOX just die?
It is dying. Just they aren't putting it on their home page. One day we will wake up and there will be nothing there. Just a lot of angry ex-customers owed money (or BTC) I have been waiting for that day for a long time. I am so confused why it is still in business lol. Just because they were the first. Links from articles to them are still all over the Net. Articles don't disappear unfortunately. Noobs still gravitate towards Gox, knowing nothing of the horrors that await them (ghoulish laugh). |
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Sonny
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January 26, 2014, 11:04:42 AM
Last edit: January 26, 2014, 11:56:53 AM by Sonny |
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wow, thanks for the info guys. I'm new to BTC so yep it had me stumped. I never saw the threads talking about it.
I just figured why in HELL would people buy BTC there since it's 100$ more and second question why would people use it if you can't withdraw.
Then yet another question..... why haven't people sued yet?
Why doesn't MT.GOX just die?
It is dying. Just they aren't putting it on their home page. One day we will wake up and there will be nothing there. Just a lot of angry ex-customers owed money (or BTC) I have been waiting for that day for a long time. I am so confused why it is still in business lol. Just because they were the first. Links from articles to them are still all over the Net. Articles don't disappear unfortunately. Noobs still gravitate towards Gox, knowing nothing of the horrors that await them (ghoulish laugh). If bitcointalk is the very first result when people search the word "bitcoin" on google, mtgox would probably die then |
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skivrmt
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January 26, 2014, 12:47:05 PM |
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wow, thanks for the info guys. I'm new to BTC so yep it had me stumped. I never saw the threads talking about it.
I just figured why in HELL would people buy BTC there since it's 100$ more and second question why would people use it if you can't withdraw.
Then yet another question..... why haven't people sued yet?
Why doesn't MT.GOX just die?
It is dying. Just they aren't putting it on their home page. One day we will wake up and there will be nothing there. Just a lot of angry ex-customers owed money (or BTC) I have been waiting for that day for a long time. I am so confused why it is still in business lol. Just because they were the first. Links from articles to them are still all over the Net. Articles don't disappear unfortunately. Noobs still gravitate towards Gox, knowing nothing of the horrors that await them (ghoulish laugh). If bitcointalk is the very first result when people search the word "bitcoin" on google, mtgox would probably die then Its also the fault of most news media outlets. When CNBC shows the current quote and chart for BTC, they use a graph showing the Gox exchange. So people see that, and are like, well, if its on TV, it must be the place to buy a Bitcoin! They also like it because it shows the highest price. Why do you think they love to report the price of the DOW vs. the S&P 500 Index? Technically the S&P is a better indicator of how the "market" did today. But its not as sensational to say, wow the S&P dropped 50 points today vs. the DOW dropped 200 points today! Which is worse? S&P dropping 50 points is WAY worse! |
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empoweoqwj
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January 26, 2014, 01:12:41 PM |
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wow, thanks for the info guys. I'm new to BTC so yep it had me stumped. I never saw the threads talking about it.
I just figured why in HELL would people buy BTC there since it's 100$ more and second question why would people use it if you can't withdraw.
Then yet another question..... why haven't people sued yet?
Why doesn't MT.GOX just die?
It is dying. Just they aren't putting it on their home page. One day we will wake up and there will be nothing there. Just a lot of angry ex-customers owed money (or BTC) I have been waiting for that day for a long time. I am so confused why it is still in business lol. Just because they were the first. Links from articles to them are still all over the Net. Articles don't disappear unfortunately. Noobs still gravitate towards Gox, knowing nothing of the horrors that await them (ghoulish laugh). If bitcointalk is the very first result when people search the word "bitcoin" on google, mtgox would probably die then Its also the fault of most news media outlets. When CNBC shows the current quote and chart for BTC, they use a graph showing the Gox exchange. So people see that, and are like, well, if its on TV, it must be the place to buy a Bitcoin! They also like it because it shows the highest price. Why do you think they love to report the price of the DOW vs. the S&P 500 Index? Technically the S&P is a better indicator of how the "market" did today. But its not as sensational to say, wow the S&P dropped 50 points today vs. the DOW dropped 200 points today! Which is worse? S&P dropping 50 points is WAY worse! Of course . think of bitcoin, think of gox. That will change the day they go bust and steal everyone's money. |
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