MTGOX <-> BTC BID/ASK

[CrashX]

I will pay 10% of face Value. No Maximum amount.



Example,

You have 27 goxBTC, I will give you 2.7 BTC or PayPal ,ect.

You have 5.85 goxBTC, I will give you 0.585 BTC

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[Stefan]

WTB 10 BTC for GoxBTC.
PM me your offers or bid here

Somebody offers 7 BTC for 10 GOX, my offer is 12 GOX for 10 BTC.
Current market difference is about 18%.
PM me if interested.

[surfer43]

Hey guys!

I saw this thread and got to thinking.. this could be a whole lot easier if somebody just made an actual exchange between "Real" BTC and "Gox" BTC!

So I did!

Since my https://www.bitcoinbuilder.com/ site had fallen into a little bit of disuse (I made it two years ago... back then it was for using dwolla to automatically buy bitcoins on mtgox!), over the last two days I've re-purposed it to exactly this purpose. And now it's ready to launch!

Advantages of this over using this thread:

1. People who want to sell gox btc, you know any offers in the order book are legit and will execute immediately. No need for constant PMing and hoping the person willing to buy your gox btc is online right now and still willing to honor their post!
2. People who want to buy gox btc, you can now accept any size order without it being any work for you. Just place your limit order and forget about it.
3. As the exchange, I am a trusted "escrow" service all in one.. no more sending small amounts piece-by-piece/skyping/etc. (I can be considered "trusted" as a long time member of bitcoin talk.. I'm Josh Jones, founder of DreamHost, the Los Angeles Bitcoin Meetup, ChunkHost.com, BitMadness.com, 310-570-COIN, and so on!)

Note: there's a 2% transaction fee for all trades on bitcoinbuilder, and to be safe your withdrawal BTC addresses (one for "Real" BTC and one for your "Gox" BTC... must be a mtgox deposit address!) are permanently set and locked once you put them in. Also, all withdrawals are processed manually by me, once daily at (around) 11pm PST. That's because no coins are kept on the server at all, and you know, just to be super safe!

So, go check it out! I hope it makes sense and you find it useful. It seems to me like it should be somewhat at least!

Thanks,
josh!

2% fee is pretty hefty 

[daburone]

There's no need for an exchange & fees.

I have completed 7 goxBTC / realBTC deals with no problems.

Just do your homework and you will all be fine.

[surfer43]

lulz I just realized Mt Gox could buy its user's goxBTC for less realBTC and come up with an insane profit 

[TwinWinNerD]

Want to buy up to 15 GOXBTC with my real BTC.

We can use escrow or you can trust my long and positive trading history here.

PM me with offers. (all above 70% will not be considered)

[freet0pian]

lulz I just realized Mt Gox could buy its user's goxBTC for less realBTC and come up with an insane profit 

Good catch, and they're douchy enough to do that too.

[schnib12]

I offer 15 GOXBTC for 12 real BTC.

PM me if interested. or Skype : schnibl0r

I got a well known good reputation all over the internet.

[Ente]

lulz I just realized Mt Gox could buy its user's goxBTC for less realBTC and come up with an insane profit 

Heh! :-)

Ente

[murmeln]

I offer 10BTC for 15GOX.

[unlord]

I offer 10BTC for 15GOX.

I will give 10.5 BTC for your 15 MtGox and use 3rd party escrow.

[maxll]

Want to sell 73 goxBTC for only 850K nextcoins (NXT).

[murmeln]

Im a BUYER of goxBTC.   

Sorry for being unclear.
Still lots of fresh BTC here!

[biodieselchris]

6 gox coins at the ready. Asking 5.

The market seems to have settled down and offered a true market price for gox coins. For me, this means what I could sell for at coinbase with 100% confidence as compared to the gox market price.

Current coinbase bid: 690
current gox 580

so that ratio yields ~5.031 for 6 coins.

I will entertain offers that remain close to this spread, otherwise, it is worth it for me to ride out the gox unknowns.

I recently had a successful exchange with johnscoin. This was the mechanism:

- Bitcointalk PM as the communication mechanism
- he sent over real BTC (fired the first shot across the bow, so to speak).
- After > 0 confirmation I sent a gox coin
- we continued until the exchange was done (6 real BTC), all at his comfort level (0.75 - 1.5 btc per shot)
- any snags, errors, late blockchain show-ups, you'll get requisite gox coins or BTC refund, your call (refund only once gox acct is 0 of course).
- be patient, you will not get screwed, and you can expect the same from me

Happy trading friends!

[Bitsinmyhead]

Current coinbase bid: 690
current gox 580

so that ratio yields ~5.031 for 6 coins.

This does not account for the risk that you might never get your $ out of Mt. Gox. The risk of that before all this started seemed to be priced by the market at 15% (probably higher now). That's why you will have a hard time selling your coins for 5 real BTC.

Your 83.3% price is not correct because:
If you had $580 right now at Gox you could buy 1 BTC, sell it to someone for 0.833BTC and sell it at coinbase for $575, pretty much moving money out of Gox for free. You will not find anyone who prefer $580 at Gox instead of $575 at Coinbase.

If you assume only 80% chance you might get your money out of Gox the correct market rate for Gox/Real is:
(580*80%) / 690 = 0.67 which is indeed much closer to what seems to be the going rate of 70%.

[kawkaw2013]

I agree that the price should be less than 70%.

Bitstamp has just suspended bitcoin withdrawals so make sure that you don't exchange your goxxed coins for coins on Bitstamp!

https://www.bitstamp.net/article/bitcoin-withdraws-suspended/

[biodieselchris]

Your 83.3% price is not correct because:
If you had $580 right now at Gox you could buy 1 BTC, sell it to someone for 0.833BTC and sell it at coinbase for $575, pretty much moving money out of Gox for free.

exactly, this is parity because the original thesis is that the price in Gox (580) is less than CB (690) due to this implied risk.

[Bitsinmyhead]

The parity you are trying to use does not work when you are not able to move either $ or BTC out of Gox. If you could move one of those out you could use your logic, like when you could move BTC out you could use the equilibrium to find that Mt gox $ was worth about 85% of real $. However when you can't get either out the ratios does really not say anything anymore.

[murmeln]

And now Bitstamp stopped btc withdrawals to.....

[bigtimespaghetti]

4 Goxcoins, asking 3 real. Sold- thanks!

Completed one trade with johnscoins already.

My rep thread:
https://bitcointalk.org/index.php?topic=237581.0

Can provide my eBayuser profile too.