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January 28, 2014, 04:29:47 AM |
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Well... obviously on the other exchanges, they do not find BTC worth paying that much for. That, or no new money is going into the other exchanges. That, or obviously there are more people cashing-out on the other exchanges.
My belief, as I usually am correct... is that huobi is pumping GOX, because they know that if GOX says $1000, that makes coins on huobi look like a great deal at $800 USD value. They only have to spend $1,000,000 USD to make $200,000,000 USD value on huobi, by pumping GOX. (Also I believe the other exchanges do the same thing too.)
Problem is...
BTC-e has fewer and fewer "new dollars" rolling in. (Due to deceptive practices and thieves being busted.)
BTC-e also has lots of people cashing-out on alt-coins that trade against BTC and LTC.
Bitstamp, well... I am not too sure about them. I think the volumes they have are all double-fake tween listings.
Not to mention, local-buying is becoming "better" and "faster" and a better "deal" than the slow and complex exchanges. They all take money fast, and give it out slow. (Because they spend it once you give it to them. You just play with "credit", until you withdraw. You get paid from someone depositing, or from them cashing-out your actual BTC on another exchange, or locally. Your BTC is credit too, I am sure. Funded by those depositing now, when you withdraw BTC.)
Now you know why govts want to "regulate" them. They want to make sure YOU get YOUR money, and THEY do not spend YOUR money, without telling you. Leaving you with useless credit for coins and money that no longer exists. (Just like a bank does... but banks have to keep a large portion of actual funds available, and have means to obtain your money, if they don't have it.)
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