Post
Topic
Board Bitcoin Discussion
Re: Contrary to Mt.Gox’s Statement, Bitcoin is not at fault - Gavin Andresen 10/2/14
by
erik777
on 15/02/2014, 06:49:13 UTC
The price has already stabilized, so far as I can tell.

Yes, but at what price? The Mt. Gox dollar price is only about 60% of the Bitstamp price.

Does this mean that many Gox customers believe the price will fall that far on the other exchanges before Gox gets their bitcoin transmission going again? Or does it mean that they believe their dollars are safer on Gox than their bitcoins? Or what? I find it difficult to explain the price difference.

I shared the situation with someone who held a cash balance in MtGox per my introduction to bitcoins awhile back, and he chose to buy bitcoins now.  He did the math and realized that in the end, a bitcoin is a bitcoin, whether you paid $400 or $700.   Plus, only hope he has of getting his money out is via BTC withdrawal anyway.  Even before this their international wires were backed up over 4 weeks.