Post
Topic
Board Currency exchange
Re: MTGOX <-> BTC BID/ASK
by
PeterBrand
on 16/02/2014, 12:59:42 UTC
ppl seriously, someone would explain me slowly, what's the point continuing trading goxBtcs at 70%+?

where is the business case?

this is an absolutely great deal for the seller of the GoxBTC:
- he reduces some risks associated with Gox
- he gets a liquidable BTC and can sell for tripple price on Stamp (if likes to).

and a super risky thing for the gox buyer:
- he exchanges he's liquidable btcs for a nonliquidable btcs
- he exchanges high-value asset for a low-value eqvivalent.

so it's an absolutely imbalanced supply-demand deal. The one's owning a real BTC could push for much lower prices! (30-40% let's say).

in fact, someone having some cash at gox could have made a really nice business, by cash-> buy-low-value-gox-btc -> exchange for hihg-value-btcs -sell at bitstamp.

Or? am i seeing something wrong?