Post
Topic
Board Service Discussion
Re: Someone living in Japan should go knock on Gox' door to see what's up
by
joesmoe2012
on 17/08/2013, 10:30:35 UTC
Perhaps, it's because there is only little delay with Japan domestic withdrawal, and they are all busying making arbitrage profit than to go knock on any door Smiley

Oh come on, if that were the case the price difference would have already been reduced to zero, which isn't the case.

True. Current Ask price of MtGox JPY  is ~10590 = $108.12.  So still 10% arbitrage between MtGoxJPY and Bitstamp USD.

Assuming 0.55% currency exchange cost  this loop still very profitable
    USD  -->  Bitstamp BTC  --> MtGox BTC --> JPY  ---> USD


But only one person has complained of a delay on JPY transfers despite many requests for comments from people using JPY withdrawal method.
Even then his complaint was that it took 1 week to arrive, not the 4-12 weeks for Sepa/Wire
https://bitcointalk.org/index.php?topic=179586.msg2939409#msg2939409


If you can get your money within a week doesn't make much sense that there is such a price gap. I don't get it.


The transfer actualy only took one day, I had mispelt my name in Japanese.