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Author Topic: Why a hedge fund not to corner Gox to gain for arbitrage?  (Read 790 times)
Bitnicity (OP)
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February 01, 2014, 01:38:20 AM
 #1

imagine a hedge fund buy tons of coins (i.e $20m worth) in other exchanges, ship to dump in Gox to arbitrage, then hire a team of legal counsels down in Japan to ensure they can collect fiat back within one month or two; this should still be a relatively safe strategy to take 15% plus gain despite labour some and maybe one off. is there any activist hedgee looking at this?

BitEscrow
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February 01, 2014, 01:40:15 AM
 #2

 lol wut?
nipponese
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February 01, 2014, 01:59:38 AM
 #3

imagine a hedge fund buy tons of coins (i.e $20m worth) in other exchanges, ship to dump in Gox to arbitrage, then hire a team of legal counsels down in Japan to ensure they can collect fiat back within one month or two; this should still be a relatively safe strategy to take 15% plus gain despite labour some and maybe one off. is there any activist hedgee looking at this?

Has anyone confirmed that Japanese bank accounts are/are not receiving the same stone walling on deposits?
cozytrade
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February 01, 2014, 11:44:33 AM
 #4

Monthly withdrawal is limited to 500,000 USD.


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Sonny
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February 01, 2014, 02:49:03 PM
 #5

imagine a hedge fund buy tons of coins (i.e $20m worth) in other exchanges, ship to dump in Gox to arbitrage, then hire a team of legal counsels down in Japan to ensure they can collect fiat back within one month or two; this should still be a relatively safe strategy to take 15% plus gain despite labour some and maybe one off. is there any activist hedgee looking at this?

Has anyone confirmed that Japanese bank accounts are/are not receiving the same stone walling on deposits?

According to this thread (https://bitcointalk.org/index.php?topic=428242.0), the JPY withdrawal is working pretty good.
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