Post
Topic
Board Currency exchange
Re: MTGOX <-> BTC BID/ASK
by
rpietila
on 13/02/2014, 07:17:42 UTC
I'm interested in buying MTGOX BTC for BTC or wire transfer.
100 BTC or $50K USD minimum trade please.

email me at roger at Memorydealers.com

PGP key here:  http://pgp.mit.edu/pks/lookup?op=get&search=0x47BD9F0E11359BD8
I see you are putting your money where your mouth is with regards to MtGox's solvency.

Sirs,

Unfortunately I cannot see how the playing field would be level:

1. Mt.Gox has misrepresented the truth in so many occasions in the past that the ones with funds there do not understandably trust them.

2. Mr. Ver would not realistically make such a wager without having much better information on the actual situation than the ones who have been fooled by Gox so many times that they do not believe the recent statements. In financial markets in general, using such insider information would be disallowed in a case like this.

3. In factual terms, Gox has prioritized BTC withdrawals to those "in the know" during the past 3 weeks. Sturle has confirmed that he has had essentially no problems getting BTC out. The others, including me, have needed to take a hit, which in my case amounted to $150k. It is not far-fetched to think that in the future also, Mr. Ver would have preferential treatment (better actual % of BTC salvaged), which would give him advantage in the markets in buying btcxx at a discount.

4. Not to expound the case any further, or offer cheap advice. Available upon request and standard rates.