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?
There are two reasons really. Someone sending cash to gox to buy bitcoins might not get it there in time (they might fix their issue first). The second reason is because a lot of peoples wealth is already in bitcoin and they don't want to sell bitcoin, deposit that to their bank and have it be seen by the eyes of tax organizations.