Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
OhShei8e
on 21/08/2013, 18:11:40 UTC
99 euro, dafuq? 1 btc is 90 euro on gox right now.

Yes, at the moment. We soon see $ 135 on Gox. Thats € 101, but I always speculate very conservative, so I sell for € 99.5.

That's not the right way to do arbitrage.    You should sell immediately at the current gox price (perhaps even lower so you get immediate sales), withdraw the money, and re-fund bitstamp when withdrawal is done.  Rinse and Repeat.

Under normal circumstances, you're right. But the circumstances are not normal. For obvious reasons I have to wait for the SEPA withdrawal from Gox for weeks. For the same reasons the price on Gox will not decline. I plot the charts and the order book very accurate. The USD / BTC ratio on Gox is now at about $ 200 and it continues to rise. There may be setbacks from time to time, but the price will continue to rise.