Quote from: PeterBrand on February 16, 2014, 12:59:42 PM

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?

If you ask me, the market of goxBTC/realBTC is the professional market where people are able to price things according to at least fair market information. The market inside Mt.Gox between goxBTC/goxBux is one, where:

- Nothing resembling truth is ever told to ordinary market participants.
- Both items of trade are fictional, ie. they have no real world equivalent and whether, when, and how much they have value, is fully known to Gox alone.
- Market is kept open despite that in these circumstances it should be closed - there is no legit reason for keeping it open, but doing it serves the ongoing fraud.

TL;DR: Hapless owners of goxBTC (the ones who have not even heard that Gox never pays out any fiat) are selling to get out, and will be crushed when the whip lashes to the other direction (and not even get their fiat/btc out without paying even more.