Quote from: dopamine on November 22, 2013, 12:06:08 AM

Quote from: superkawaii on November 21, 2013, 10:20:17 PM

Quote from: granolageek on November 21, 2013, 10:13:00 PM

The problem is that since Dwolla dropped Bitcoin, there is no quick way to move fiat. If you have dollars on CampBX, you can indeed buy BTC and sell them for a profit on another exchange. You then have to collect those dollars, and then snail mail a money order to CampBX to repeat the process.

Even when (if) CampBX gets ACH transfers working, the dollar side of arbitrage will take about a week. With the current volatility that is an extreme risk if your goal is to accumulate Bitcoins. If you're ok with dollars you can lock in a profit.

yeah moving the money quickly seems to be the biggest obstacle , my idea was to buy on btc-e and sell on mt,gox

rinse and repeat

Good Luck Getting cash out of Gox is like 4 weeks

There are cases on Facebook who have been waiting for months, truly unfortunate to see this from (once) the largest Bitcoin exchange. I do hope they get their shit straight as i actually like Gox and willing to give them one last chance.