Why Mt.gox offers the lowest $ price for Bitcoin ?

[darius2020]

Hi,

tell me if I am correct assuming, people just leave Mt.gox
moving to other BTC exchanges, since Mt.gox buys BTC at lowest prices,
so why should one sell 1 BTC at $ 575.00 via Mt.gox
if Bitcoin exchange offers $ 695.39

$ 575 vs. $ 695
makes the difference

It looks like Mt.gox and other BTC exchanges were aware of "double spending" syndrome
well ahead this problem has been addressed last week.



from
http://markets.blockchain.info/
http://markets.blockchain.info/

BITSTAMP    695.39
high: 720.00 low: 654.40 avg: 685.88
vol 24h: 19,302,068 USD
MT.GOX    583.99
high: 625.00 low: 550.00 avg: 580.51
vol 24h: 10,048,213 USD
BTC-E    694.90
high: 709.99 low: 646.70 avg: 680.34
vol 24h: 11,932,827 USD
CAMP BX    717.24
high: 740.00 low: 675.00 avg: 708.72
vol 24h: 116,111 USD

[Mivexil]

Hi,

tell me if I am correct assuming, people just leave Mt.gox
moving to other BTC exchanges, since Mt.gox buys BTC at lowest prices,
so why should one sell 1 BTC at $ 575.00 via Mt.gox
if Bitcoin exchange offers $ 695.39

$ 575 vs. $ 695
makes the difference

It looks like Mt.gox and other BTC exchanges were aware of "double spending" syndrome
well ahead this problem has been addressed last week.



from
http://markets.blockchain.info/
http://markets.blockchain.info/

BITSTAMP    695.39
high: 720.00 low: 654.40 avg: 685.88
vol 24h: 19,302,068 USD
MT.GOX    583.99
high: 625.00 low: 550.00 avg: 580.51
vol 24h: 10,048,213 USD
BTC-E    694.90
high: 709.99 low: 646.70 avg: 680.34
vol 24h: 11,932,827 USD
CAMP BX    717.24
high: 740.00 low: 675.00 avg: 708.72
vol 24h: 116,111 USD

Everyone thinks they can exchange their non-withdrawable Bitcoins for non-withdrawable dollars?

[flower1024]

afaik i've read stories about people withdrawing eur without problems.
maybe it was just a usd problem?

[darius2020]

Ok,
but what I mean is the spread between major BTC exchanges.

What makes the people to sell Bitcoin at lower price if competitor can offer higher price ?

latest $ price from
http://markets.blockchain.info/markets/mtgox/USD

BITSTAMP    690.00
high: 720.00 low: 654.40 avg: 686.47
vol 24h: 19,028,394 USD
MT.GOX    579.00
high: 625.00 low: 550.00 avg: 580.01
vol 24h: 9,950,284 USD
BTC-E    691.80
high: 709.99 low: 646.70 avg: 680.98
vol 24h: 11,659,775 USD
CAMP BX    710.00
high: 731.25 low: 675.00 avg: 708.54
vol 24h: 115,748 USD

[manobra]

The issue is much more than just price.

Try to withdraw from gox and answer your own question...

[darius2020]

got the answer

watch volume

http://markets.blockchain.info/markets/campbx/USD

campbx has highest prices but the lowest volume

vol 24h: 102,672 USD     CAMP BX
vs.
vol 24h: 9,587,351 USD   Mt.gox

vol 24h: 18,516,774 USD BITCOIN

vol 24h: 11,390,753 USD BTE-C

so CAMP BX should be removed from

http://markets.blockchain.info/markets/campbx/USD


==

BITSTAMP    692.00
high: 720.00 low: 654.40 avg: 686.65
vol 24h: 18,516,774 USD
MT.GOX    562.60
high: 625.00 low: 550.00 avg: 578.83
vol 24h: 9,587,351 USD
BTC-E    693.00
high: 709.99 low: 646.70 avg: 681.39
vol 24h: 11,390,753 USD
CAMP BX    719.99
high: 728.00 low: 675.00 avg: 707.88
vol 24h: 102,672 USD

[smoothie]

Easy, because they offer the lowest level of competence.