Quote from: phelix on February 16, 2014, 07:22:07 AM

With withdrawals supposedly fixed tomorrow the question that makes me wonder is why is the price on Gox so low today?

Who is selling on Gox? You can not get out fiat but probably BTC tomorrow....

Should Gox go really down do people think it's safer to loose fiat than BTC? Do people simply not understand that it is virtually impossible to withdraw fiat? This is just odd.

Exactly what I'm thinking too. There may be weird factors like an overly huge amount of BTC locked in at Gox, but unless a bored FBI employee is selling there for the giggles I can't make sense of why someone would do this. My best guess is irrational panic.

@Topic: Gox price will jump to at least 105% of BTC-E, whatever that is at the time. Gox fiat withdrawals are still borderline defunct, while BTC-E is pretty much unregulated and therefore the best indicator for true market price. Withdrawal tricks from Gox -- SEPA and JPY arb, expedited withdrawal -- usually cost around 5%. Price may go higher if these are congested.